US targets Hong Kong chip transshipments to Russia
United States officials, lawmakers and non-profit organizations have called for sanctioning Hong Kong firms and banks after NATO on July 11 condemned Beijing’s support of the Russian defense sector.
Asian news from city Beijing
Why the ‘Trump trade’ has Asia in a panic
TOKYO — Suffice to say, 2024 hasn’t turned out the way Japanese Prime Minister Fumio Kishida expected.
China issues rare praise to Philippine president for his ban on Chinese online gambling operators
MANILA, Philippines (AP) — China issued a rare compliment to the administration of Philippine President Ferdinand Marcos Jr. Thursday for his order banning widespread and Chinese-run online gaming operations. Marcos accused some of venturing into crimes including financial scams, human trafficking, kidnappings, torture and murder.
China Rules Solar Energy, but Its Industry at Home Is in Trouble
Over the past 15 years, China has come to dominate the global market for solar energy. Nearly every solar panel on the planet is made by a Chinese company. Even the equipment to manufacture solar panels is made almost entirely in China. The country’s solar panel exports, measured by how much power they can produce, jumped another 10 percent in May over last year.
Publisher Jimmy Lai will testify in his defense at Hong Kong national security trial, lawyer says
HONG KONG (AP) — A defense lawyer said Thursday that prominent publisher Jimmy Lai will testify in his defense in the landmark national security trial brought under a Beijing-imposed law that has all but wiped out public dissent.
Japan eyes building missile training site on Pacific island to boost long-range capability
The ministry has already informed local officials of the plan to set up the facilities on Minamitori Island, Japan’s easternmost island, around 1,900km (1,200 miles) southeast of Tokyo, and start its operation in the 2026 financial year or later, the official said.
NORAD says it tracked Chinese and Russian military planes off Alaska
BEIJING (AP) — Two Chinese and two Russian long-range bombers were tracked flying over international waters near Alaska and U.S. and Canadian fighter jets were sent up in response, their joint aerospace command said.
India debates increased Chinese investment: can benefits outweigh geopolitical risks?
The report concludes that more FDI from China would have numerous benefits, such as enhancing local manufacturing and export market access. Analysts agreed, arguing India should not let geopolitics stand in the way of economic progress despite the risks Beijing’s increased financial influence might bring.