https://www.scmp.com/rss/326217/feed The 2018 South China Morning Post China Conference opened with remarks from its Chief Executive Officer Gary Liu and Hong Kong Chief Executive Carrie Lam Cheng Yuet-ngor followed by a keynote speech from Zhang Yansheng, Adjunct Professor, Renmin University of China.   Zhang's address focussed on China’s foreign and domestic policies under its new leadership team. The SCMP China Conference also heard from the Hon. Tung Chee-hwa, the first Chief Executive and president of the Executive Council for... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com China’s Communist Party elite will gather in Beijing for three days from Monday to formally endorse decisions on who will lead the country’s next government and other state bodies, state-run news agency Xinhua reported on Saturday. The meeting will take place a week before the annual parliamentary meetings, which include the formal announcement of the president, premier and other top state and cabinet officials. A proposal to approve these positions will be reviewed at the meeting, Xinhua said.... https://www.scmp.com/news/china/policies-politics/article/2134568/date-set-decision-day-chinas-next-top-government-line?utm_source=rss_feed https://www.scmp.com/news/china/policies-politics/article/2134568/date-set-decision-day-chinas-next-top-government-line?utm_source=rss_feed Sat, 24 Feb 2018 09:00:26 +0000 Hong Kong is an ideal place to examine the issues of China, the US and global governance. Few places have benefited more than Hong Kong has from two of the major developments of our era: China’s emergence as an economic powerhouse and the globalisation of the world economy. One of the reasons that Hong Kong has been effective in facilitating China’s integration into the international economy is its long-standing status as an international financial centre. That status is based on its openness to... https://www.scmp.com/comment/insight-opinion/article/2128429/not-zero-sum-game-global-governance-must-adapt-new-us-china?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2128429/not-zero-sum-game-global-governance-must-adapt-new-us-china?utm_source=rss_feed Wed, 17 Jan 2018 02:32:22 +0000 If this newspaper’s annual China Conference puts its finger on the pulse of China-United States relations, we should be worried. An array of expert speakers and panellists were all concerned that relations are on the wrong path. They may have differed in emphasis or values, but they agreed that the result could be disastrous. As trade frictions increase under President Donald Trump’s “America first” policy, Trump has singled out China as a security and economic threat, raising the perceived risk... https://www.scmp.com/comment/insight-opinion/article/2128074/sino-us-collision-must-be-avoided-all-costs?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/2128074/sino-us-collision-must-be-avoided-all-costs?utm_source=rss_feed Fri, 12 Jan 2018 17:18:49 +0000 A clash of civilisations played out on a conference stage in Hong Kong as an academic extolling individual freedom and a venture capitalist citing data on Chinese optimism traded barbs. “As China grows and develops and rises to become a world power, commensurate with that they have to start giving a little bit more openness to their own people,” said Keith Richburg, an American journalist, author and academic. “They have to start letting people read a little bit more what they want. They have to... https://www.scmp.com/news/china/diplomacy-defence/article/2127875/liberty-vs-optimism-east-west-tussle-over-chinas-future?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy-defence/article/2127875/liberty-vs-optimism-east-west-tussle-over-chinas-future?utm_source=rss_feed Thu, 11 Jan 2018 15:30:30 +0000 Beijing and Washington need to tread carefully to avoid dangerous confrontations in an era of change and uncertainty amid mounting tensions over trade and structural competition between the two powers. That was the conclusion at the annual China Conference hosted by the South China Morning Post on Thursday, where policymakers, government advisers, business leaders and academics expressed concerns over the looming rivalry between the world’s top two economies, which they said would deal a further... https://www.scmp.com/news/china/diplomacy-defence/article/2127870/warning-china-and-us-tread-carefully-avoid-collision?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy-defence/article/2127870/warning-china-and-us-tread-carefully-avoid-collision?utm_source=rss_feed Thu, 11 Jan 2018 15:00:00 +0000 Despite its material capacity to rise as a world power, Beijing still has a long way to go to meet international expectations of how it should apply its military and economic weight and adhere to global governance norms, a former senior US official has said. Speaking at the annual China Conference hosted by the South China Morning Post on Thursday, Daniel Russel, former assistant secretary of state for East Asian and Pacific Affairs, also conceded that the global governance system needed a major... https://www.scmp.com/news/china/diplomacy-defence/article/2127864/big-questions-remain-china-taking-leadership-role-world?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy-defence/article/2127864/big-questions-remain-china-taking-leadership-role-world?utm_source=rss_feed Thu, 11 Jan 2018 13:22:30 +0000 To remain relevant, Hong Kong must go beyond connecting the mainland to international markets and help establish an “international narrative” to advance China’s Belt and Road global trade development strategy, the city’s top liaison officer for the Qianhai special economic zone in Shenzhen said on Thursday. Witman Hung, whose role is to help Hong Kong businesses and start-ups set up in the zone tipped to be a financial and commercial hub, said at the South China Morning Post’s annual China... https://www.scmp.com/news/hong-kong/economy/article/2127850/hong-kong-shouldnt-just-connect-mainland-world-shape-thinking?utm_source=rss_feed https://www.scmp.com/news/hong-kong/economy/article/2127850/hong-kong-shouldnt-just-connect-mainland-world-shape-thinking?utm_source=rss_feed Thu, 11 Jan 2018 10:53:20 +0000 Government support and market demand have contributed to a shift in emphasis from “Made in China” to “Created in China” on the mainland, the 2018 South China Morning Post China Conference heard on Thursday. “In the past few years, China’s innovative environment has been the best in the world, including in terms of support from the government,” said Duane Kuang, the founding managing partner of Qiming Venture Partners, which has invested in technology companies such as Xiaomi and WeChat, often... https://www.scmp.com/business/global-economy/article/2127847/how-mainland-went-made-china-created-china?utm_source=rss_feed https://www.scmp.com/business/global-economy/article/2127847/how-mainland-went-made-china-created-china?utm_source=rss_feed Thu, 11 Jan 2018 10:45:00 +0000 The growing rivalry between China and the United States in an era of change and uncertainty dominated the debate at this year’s China Conference in Hong Kong on Thursday. At the annual event organised by the South China Morning Post, policymakers, government advisers, business leaders and academics discussed the challenges and opportunities faced by Beijing as it seeks to take a greater role in shaping the global geopolitical and economic landscape, and how it has reacted to being labelled a... https://www.scmp.com/news/china/diplomacy-defence/article/2127839/sino-us-relations-and-globalisation-top-bill-china?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy-defence/article/2127839/sino-us-relations-and-globalisation-top-bill-china?utm_source=rss_feed Thu, 11 Jan 2018 09:47:20 +0000 Concerns about national security are harming investment by Chinese companies in the United States and could potentially lead to trade action by US President Donald Trump, experts told the 2018 South China Morning Post China Conference on Thursday. Fears over theft of intellectual property by Chinese government-led investment have created a political movement in the US calling for tough action against the world’s second-largest economy. This comes at a time when the Chinese financial services... https://www.scmp.com/business/global-economy/article/2127807/trust-deficit-keeping-us-approving-investment-chinese?utm_source=rss_feed https://www.scmp.com/business/global-economy/article/2127807/trust-deficit-keeping-us-approving-investment-chinese?utm_source=rss_feed Thu, 11 Jan 2018 09:03:15 +0000 US President Donald Trump might soon take executive action against China in the form of punitive tariffs, a former senior US State Department official warned in Hong Kong on Thursday. Daniel Russel, former assistant secretary of state for East Asian and Pacific affairs, said political pressure might force Trump to act soon, especially with the US business community no longer Beijing’s ally in the fight against protectionist measures. “The warning signs that point towards some sort of some series... https://www.scmp.com/news/china/diplomacy-defence/article/2127819/trump-may-be-ready-press-punitive-china-tariff-button?utm_source=rss_feed https://www.scmp.com/news/china/diplomacy-defence/article/2127819/trump-may-be-ready-press-punitive-china-tariff-button?utm_source=rss_feed Thu, 11 Jan 2018 08:15:00 +0000 China might face a trade deficit in the next five to 10 years as the world’s second-biggest economy ramps up imports, according to a former leading adviser to the country’s top economic planning agency. Zhang Yansheng, former secretary general of an academic committee at the National Development and Reform Commission, told the SCMP China Conference on Thursday that China could no longer rely on exports to expand its economy as it had done over the past 30 years, because it was unsustainable and... https://www.scmp.com/news/china/economy/article/2127803/get-ready-trade-deficit-china-top-economist-warns?utm_source=rss_feed https://www.scmp.com/news/china/economy/article/2127803/get-ready-trade-deficit-china-top-economist-warns?utm_source=rss_feed Thu, 11 Jan 2018 07:27:35 +0000 2003, November: State Council gives the green light for banks in Hong Kong to provide yuan deposit, remittance, exchange and credit card services. Hong Kong Monetary Authority (HKMA) and People’s Bank of China (PBOC) sign a regulatory agreement capping the amount Hong Kong residents can exchange and remit at 20,000 yuan and 80,000 yuan per day, respectively. 2004, February: Banks launch their personal yuan business. 2009, June: HKMA and PBOC sign agreement to allow trade between Hong Kong and... https://www.scmp.com/business/money/article/2127738/timeline-yuans-journey-being-truly-global-currency?utm_source=rss_feed https://www.scmp.com/business/money/article/2127738/timeline-yuans-journey-being-truly-global-currency?utm_source=rss_feed Thu, 11 Jan 2018 05:35:00 +0000 Donald Trump’s second year in office may prevent China from achieving its target of allowing the yuan to become fully convertible by 2020, according to industry watchers. The US president’s economic policies including major tax reforms and interest rate rises aimed at boosting the American economy are likely to strengthen the US dollar against other currencies including the yuan. And that may slow down the process of internationalising the Chinese currency, explains Aidan Yao, senior emerging... https://www.scmp.com/business/banking-finance/article/2127771/trumps-policies-make-fully-convertible-yuan-2020-impossible?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/2127771/trumps-policies-make-fully-convertible-yuan-2020-impossible?utm_source=rss_feed Thu, 11 Jan 2018 05:30:46 +0000