The US is urging its Asia-Pacific allies to raise defence spending because of a perceived ‘imminent’ threat from China, particularly against Taiwan.
Beijing-based Pop Mart has become the world’s most-valuable listed toy company on the back of demand for Labubu, a Nordic-like elf that has won fans around the world.
The US is due to impose new tariffs on imports from around the world on August 1, as President Donald Trump seeks to pare trade deficits and revive domestic manufacturing.
Chinese companies have the lead in the global market for humanoid robotics, unveiling new models faster than their US rivals and controlling 63 per cent of the industrial supply chain.
Hong Kong’s stablecoin licensing regime takes effect on August 1, positioning the city as a global leader in the sector and bolstering the virtual currency by providing legitimacy for an asset that offers the convenience of crypto minus the volatility.
Hong Kong leads initial public offerings worldwide this year, as Chinese companies flock to raise funds in the city amid greater regulatory support and the waning appeal of US listings.