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Two crew members walk past business jets in Shanghai. Photo: AFP
Aerospace: Geopolitics

Why are rich Chinese moving private jets offshore, slumming it in budget seats?

Strict flight rules and economic headwinds are forcing scrutiny-wary tycoons to rebase aircraft in places such as Singapore or downgrade to commercial cabins.

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US-China relations

Xi-Trump summit opens window of opportunity for US firms at China import expo

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Hong Kong transport

Exclusive | US clamp on critical software could cripple Hong Kong aviation, experts warn

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US-China relations

Carmakers GM, Tesla and Ford lead list of US companies in China exposure: report

Corporate giants Amazon, Apple, Meta and Nvidia rank outside top 10 but still among tech firms at risk.

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Assembly team worker Kevin Garner lowers the engine assembly onto the frame of a large SUV at a General Motors assembly plant in Arlington, Texas. Photo: The Dallas Morning News/TNS
Apple

Apple buys AI start-up after being caught flat-footed by ChatGPT

One of DarwinAI’s core technologies is making artificial intelligence systems smaller and faster, which could help Apple run AI on devices.

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Banking & finance

US, Vietnamese firms meet seeking semiconductor, tech, aviation deals

Executives at top US and Vietnamese firms in the semiconductor, tech and aviation sectors met on Monday seeking to forge business partnerships during US President Joe Biden’s visit to Hanoi which has seen new deals on planes and AI.

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China technology

Opinion | Why the C919 is more than just an aircraft for China

With its home-grown passenger jet, Comac is trying to break into a long-standing aviation duopoly, while China hopes to turn a unipolar world order into a more multipolar one.

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China’s first domestically produced passenger jet, the C919, is seen before a flight from Shanghai to Beijing at Shanghai Hongqiao Airport on May 28. Its first commercial flight was a milestone event in the nation’s decades-long effort to compete with Western rivals in aviation. Photo: AFP
US-China relations

US-China relations continue to thaw as trade officials meet in Detroit

Chinese Commerce Minister Wang Wentao and US Trade Representative Katherine Tai hold talks on the margin of the Asia-Pacific Economic Cooperation session.

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US-China relations

At Apec, top US official urges ‘worker-centric’ approach to trade policy

While in the US for Apec, Chinese Commerce Minister Wang Wentao is scheduled to meet with his American counterpart, Commerce Secretary Gina Raimondo, as well as US Trade Representative Katherine Tai.

US-China tech war

Beijing moves to limit collateral damage from Micron sales ban

China’s foreign ministry, the commerce ministry and tabloid Global Times have all described the Micron ban as an individual case, and not a signal that other US firms may be in jeopardy.

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China moves to avoid wider damage from Micron ban. Photo: AFP
US-China relations

Raids, restrictions and the art of woo: how US-China trade hangs in the balance

Monday’s meeting between China’s commerce minister, Wang Wentao, and American firms in Shanghai is seen as Beijing’s latest attempt to resist decoupling with Washington after ‘national security’ moves.

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Representatives of American companies met with China’s commerce minister, Wang Wentao, on Monday in Shanghai. Photo: Shutterstock
Mukesh Ambani and family

Does Asia’s richest man really wear a modest US$8,000 Rolex watch?

Mukesh Ambani’s US$8,000 Rolex Cellini watch may be his most subtle flex yet and a far cry from his son Anant’s flashy US$9 million Patek Philippe piece – but he’s certainly no stranger to luxury

US-China relations

Hurdles in supply chain remain as US raises its ‘Buy American’ threshold

All manufactured products bought by the federal government must have a certain percentage of domestically sourced components, which can be a challenge to ensure.

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US-China relations

US ‘self-defeating’ ban on F-35 alloy from China an attempt to decouple

Social media article on account connected to People’s Daily says the now-lifted pause on the specialty metal was part of ‘China hysteria’, not safety concerns.

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Deliveries of Lockheed Martin’s F-35 jets have resumed after they were halted in September to comply with a ban on China-origin specialty metals. Photo: AFP
US-China relations

US issues national security waiver for jets using banned Chinese alloy

Delivery of the fighters had been halted because of the presence of a magnet that used rare earth metals sourced from China.

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The US temporarily halted delivery of the planes. Photo: TNS
US-China relations

The trouble with trying to keep Chinese parts out of US military hardware

Recent discovery of Chinese alloy in US fighter jets has raised cost and security concerns for Washington.

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US-China tech war

Xi vows to protect global supply chain amid US-China decoupling risk

The Chinese president made the pledge during a government forum in Hangzhou on Monday, attended by delegates from Qualcomm and Boeing.

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United States

Pentagon says banned China-made alloy is in all F-35 jets

The department that oversees the aircraft will now seek a national security waiver to resume deliveries of already assembled jets containing the alloy.

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Lockheed Martin, which builds the F-35 jet, has found a US source for the alloy for future planes. File photo: AP
US-China relations

Halted delivery of F-35s with Chinese alloy blamed on US cold war view

Decision ‘does not bode well’ for China-US relations and Pentagon’s approach suggests US military is pulling China into a new cold war: academic.

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US-China relations

US military halts F-35 jet deliveries over use of Chinese alloy

A magnet on the stealth fighter is made with material from China, and the pause is to ensure compliance with defence regulations on the use of metals.

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Aviation

Chinese rival to B737 and A320 jets completes Shanghai flight test

The test showed how Shanghai’s authorities are determined to get business activities back on their feet, after sending the city into lockdown since April 1.

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The Comac C919, China’s first single-aisle passenger jet, took off from Pudong International Airport in Shanghai on November 10, 2017. Photo: AFP.
US-China relations

To out-compete China, Biden launches 3D printing initiative

Honeywell, Raytheon and Lockheed Martin among firms committing to help SME suppliers boost output of 3D printed components.

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US President Joe Biden speaks at United Performance Metals in Hamilton, Ohio on Friday. Biden touted his “additive manufacturing forward” initiative and reiterated calls to Congress to pass China-related legislation. Photo: AP
Future of transport

Taxiing to take-off: are flying taxis the future of public transport?

If you thought we’d be driving flying cars by now, you’re not far off … here are the aviation pioneers leading the trend that could turn into a US$1.5 trillion market

MU5735 crash

Flight MU5735: US agency helps Chinese officials decipher black box clues

Staff from US National Transportation Safety Board and black box makers Honeywell International Inc are helping Chinese investigators read data.

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MU5735 crash

Experts act swiftly in delicate MU5735 operation to retrieve voice data

Rescuers extract fingerprint samples and find personal items as they look for clues to cause of Boeing 737-800 crash.

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Search and rescue workers carry boxes believed to contain belongings of people on board the crashed China Eastern flight in Teng county in the Guangxi Zhuang autonomous region on Thursday. Photo: Xinhua via AP
Coronavirus pandemic

Inside Out | When even the mega-rich are embarrassed by their wealth, it’s time to act

During a pandemic that has pushed some 160 million into poverty, billionaires have doubled their wealth and luxury goods sales have surged as the rich seek to ‘live now’. With millionaires themselves calling for a tax that could raise 2.3 billion out of poverty, why isn’t it being done?

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A protest video on a lorry paid for by the “Patriotic Millionaires” group drives past a mansion owned by Amazon founder Jeff Bezos in Washington, DC, on May 17, 2021. The group is calling for higher tax rates for the super-rich to address rising inequality. Photo: Reuters
Coronavirus pandemic

Outside In | Virtual realities: why return of face-to-face Apec meetings is a good thing

Millions of dollars in corporate travel – and tonnes of carbon emissions – have been saved, thanks to virtual meetings. But person-to-person relationships historically drive progress in organisations like Apec and the G20.

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Inside Out & Outside In

Inside Out | US-China trade: why protectionism is no fix for global supply chains

A global shortage of PPE early in the pandemic brought home how interconnected the world is, and how vulnerable its supply chains are. The answer is not stronger domestic production but, rather, flexible multilateral collaboration.

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