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UAE prince and Hong Kong, Xi’s policy shift, Singapore ‘Asia’s happiest country’ again: SCMP’s 7 highlights of the week
- From a Dubai prince postponing his Hong Kong family office to Singapore being Asia’s happiest country, here are a few highlights from SCMP’s recent reporting
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Why you can trust SCMP
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing.
1. Chinese scientists send aircraft carrier catapult technology soaring
An unprecedented electromagnetic catapult system for China’s future aircraft carriers has been developed by a team of scientists and engineers in Beijing. With a working principle similar to the technology used in electric vehicles, the system could slash the cost of the carrier-based aircraft catapult while boosting performance and reliability.
2. Dubai prince abruptly postpones opening US$500 million Hong Kong family office
A Dubai prince who made waves after announcing plans to set up a new family office in Hong Kong with a US$500 million investment pledge abruptly postponed its opening scheduled for Thursday.
3. In rare monetary policy shift, Xi tells China central bank to buy treasury bonds
With the world’s second-largest economy at a critical juncture of fuelling growth in its bid to become a global financial superpower, a new book details some of Xi Jinping’s thoughts on finance, dating back to late 2012. “The People’s Bank of China must gradually increase the trading of treasury bonds in its open market operations,” the snippet reads in Excerpts of Xi Jinping’s Speeches on Finance Work.
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