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BUSINESSSep 28US and China release reciprocal $30 billion product lists for tariff cuts after Trump - Xi meetingThe US and China have released reciprocal lists of $30 billion in products for tariff reductions following a meeting between Trump and Xi. This signifies a major development in international trade relations and economic policy.thetrucker.com · United States
SCI & TECHSep 28China targets AI and frontier tech in newly unveiled innovation blueprintChina’s top state research body has put artificial intelligence (AI) and other frontier technologies at the heart of its new five-year plan unveiled on Monday, as global competition in science and technology heats up. The Chinese Academy of Sciences, the country’s highest academic institution, laid out a detailed blueprint for research and technology development aligned with the national 15th five-year plan covering 2026 to 2030. The plan focuses on innovation in areas including AI and...South China Morning Post
WORLDSep 28Uruguay gave Diego Forlán his first smile: they thrashed South Korea, which had beaten Gallardo in his debut with EcuadorIt was 4 to 1, with a brace from Darwin Núñez, who scored again with the "Celeste" for the first time since the 2024 Copa América. Watch the goals.Clarín
POLITICSSep 28Xi Jinping demands ‘safer’ China as Communist Party prepares for leadership reshufflePresident Xi Jinping has ordered China’s security and legal apparatus to relentlessly eliminate risks and build a “safer” country a year ahead of the pivotal 21st Communist Party congress, which will usher in a major leadership reshuffle. The latest instruction, published by state news agency Xinhua on Monday night, is also the Chinese leader’s first major domestic directive since his state visit to Washington last week, signalling a pivot back to the domestic agenda – especially stability. In a...South China Morning Post
BUSINESSSep 28Strong AI demand prompts Hong Kong trade body to raise exports growth forecastStronger-than-expected global demand for artificial intelligence-related products has prompted the Trade Development Council to sharply raise its full-year forecast for Hong Kong export growth in 2026 to as much as 47 per cent. The latest revision follows the council in June raising its midyear forecast to 20 per cent growth, from an earlier estimate of 8 to 9 per cent. Its latest survey of the city’s major exporters also found that their business confidence and market expectations had remained...South China Morning Post
WORLDSep 28Hong Kong checkpoints to handle 7.44 million passenger trips for National Day breakHong Kong’s checkpoints are expected to handle about 7.44 million passenger trips over mainland China’s National Day “golden week” break, while people movements are anticipated to peak this weekend. The Immigration Department said on Monday that the figure would include inbound and outbound trips by Hongkongers and visitors travelling via the city’s sea, land and air control points between October 1 and 7. The department also said it anticipated that the most popular control points would be...South China Morning Post
BUSINESSSep 28Hong Kong wages rise 3.4% in June, with government expecting further gainsHong Kong wages rose by 3.4 per cent year on year in June, with the government forecasting further pay rises ahead on the back of sustained economic expansion and labour demand. Figures released on Monday by the Census and Statistics Department showed that the 3.4 per cent nominal wage rise was broad based across all surveyed industries. After adjusting for inflation using the consumer price index (A), overall real wages grew by 1.6 per cent in June year on year, keeping basic pay growth ahead...South China Morning Post
DISASTERSep 28At least 21 Hong Kong-Bangkok flights delayed amid flooding in Thai capitalAt least 21 flights connecting Hong Kong and Bangkok were disrupted on Sunday and Monday, with passengers on one service leaving the Thai capital facing a nearly 24-hour delay after the Southeast Asian city was hit by its worst flood in 15 years. Heavy rainfall lashed Bangkok – a top travel destination for Hongkongers – between Thursday and Monday, prompting Thai officials to declare the city a disaster zone. Despite the flight disruptions, Hongkongers in the Thai capital said the central...South China Morning Post
SCI & TECHSep 28Chinese commercial reactor achieves nuclear fusion with clean hydrogen-boron fuelIn a first, a Chinese company has achieved high-parameter hydrogen-boron plasma control, marking a “significant and valuable” advance in research into neutron-free magnetic confinement fusion. ENN Group, based in Langfang, Hebei province, announced on Monday that its EXL-50U spherical device – a compact tokamak that uses a magnetic field to confine charged gas, or plasma, for nuclear fusion research – had successfully achieved hydrogen-boron fusion reactions. “This marks the first time a...South China Morning Post
BUSINESSSep 28US, China agree to cut tariffs on $60B worth of productsThe U.S. and Chinese governments unveiled $30 billion each worth of products subject to lower tariffs, after President Trump and Chinese President Xi Jinping met last week in Washington, D.C., according to the White House. Chinese products subject to lower tariffs under the new “30-by-30” framework include fireworks, kitchenware, flashlights, baseballs and softballs and fishhooks,…The Hill
POLITICSSep 28Hong Kong launches 1-month consultation on arbitration law reformsHong Kong authorities have launched a one-month consultation to reform the city’s arbitration laws, as part of efforts to enhance its competitiveness as an international dispute resolution hub and advance an objective laid out in its first local five-year plan. The Department of Justice said on Monday that the one-month stakeholder consultation for amendments to the Arbitration Ordinance, which governs the use of the alternative dispute resolution mechanism, would cover four key areas to enhance...South China Morning Post
BUSINESSSep 28China is no longer just the world’s factory. It’s the HQThe global electronics industry is entering a structural transition. For over two decades, China served as the dominant manufacturing centre, with an unmatched concentration of suppliers, skilled labour, infrastructure, logistics and engineering capabilities. That concentration is being diluted. But interpreting this as the decline of Chinese manufacturing would be a mistake. China is exporting parts of its manufacturing process while retaining the industrial capabilities that matter...South China Morning Post
POLITICSSep 28Why South Korea is demanding an apology from Ukraine over North Korean PoWsSeoul says Kyiv agreed to a nondisclosure agreement over the prisoners but broke it.Al Jazeera [en]
BUSINESSSep 28Hong Kong office expansion lags hiring push as tenants optimise current space: ColliersMore than a third of Hong Kong’s office tenants are expecting to increase headcounts over the next 12 months, but only a fifth are likely to expand their real estate footprint, according to a survey by Colliers. The results of the fourth annual Hong Kong occupier survey by the property consultancy pointed to a “growing disconnect between hiring intentions and office expansion plans, as many occupiers continue to absorb growth within their existing premises through more efficient space...South China Morning Post
DISASTERSep 28Even with knee-high water after floods, the market in Bangkok continuesNOS Buitenland
DISASTERSep 28Jet ski rider cruises through flooded streets of BangkokA jet ski rider manoeuvred through flooded streets in Bangkok as days of heavy rain inundated roads, markets and homes.EuroNews [en]
BUSINESSSep 28Chinese chip foundry CanSemi’s IPO oversubscribed 2,360 times as investors chase AI boomChinese chip foundry CanSemi Technology’s Shenzhen initial public offering (IPO) is emerging as one of mainland China’s most sought-after tech listings this year, as investors bet on its push into silicon photonics and its role in domestic artificial intelligence infrastructure. The Guangzhou-based company’s retail tranche was oversubscribed by more than 2,300 times after clawback, according to a stock exchange filing late on Sunday, as investors scrambled for a piece of the domestic...South China Morning Post
DISASTERSep 28Thai man’s jet ski stunt fuels anger in ‘unequal’ Bangkok as poor hit hardest by floodsA Thai man who zipped a jet ski across flooded Bangkok streets received a suspended jail sentence on Monday for causing a public nuisance after he used the capital – where tens of thousands of households remain submerged – as a backdrop for social media content. The stunt, widely shared on social media on Sunday evening, became a conduit for public anger over both the handling of the flood response and how climate calamities are experienced unevenly in the capital of one of Asia’s least equal...South China Morning Post
DISASTERSep 28Thailand floods: At least 8 die, thousands move to sheltersRain eased in Thailand ’s capital on Sunday, but flooding persisted in several low-lying areas, with thousands forced to move into temporary shelters. At least eight people were reported killed in the past 10 days nationwide.France 24 [en]
POLITICSSep 28Meet Ping Ping and Fu Shuang – the two pandas loaned to the US by China‘The giant panda has been an envoy of friendship between the Chinese and the Americans,’ Chinese President Xi Jinping saidThe Independent World
MILITARYSep 28China deploys advanced WZ-7 drone for first time near Scarborough ShoalBeijing deployed its advanced WZ-7 high-altitude reconnaissance drone in the South China Sea for the first time during drills near the disputed Scarborough Shoal on Sunday. The People’s Liberation Army’s Southern Theatre Command announced on Sunday that it had conducted joint air and naval exercises in the waters and airspace around the shoal earlier in the day. In recent years, Scarborough Shoal – known as Huangyan Island in China and Panatag Shoal in the Philippines – has been a major...South China Morning Post
BUSINESSSep 28US and China name goods for possible tariff cuts – what it means for EuropeWashington has published lists of goods the US and China could tax at lower rates under their “30-for-30” framework, covering about $30bn (€26.3bn) in annual trade each way. No rates or start date have been set, but US pork, dairy and whiskey on Beijing’s list could squeeze European exports.EuroNews [en]
BUSINESSSep 28Hong Kong finds gold-trading leader in former exchange executive Bryan ChanThe Hong Kong government has appointed Bryan Chan Ping-keung, a former executive at bourse operator Hong Kong Exchanges and Clearing (HKEX), as CEO to lead the development and operation of the city’s new central clearing and settlement system for gold. Chan will head Hong Kong Precious Metals Central Clearing (HKPMCC), a wholly government-owned entity established in January to run the clearing system for precious metals. His appointment would take effect on October 2 for a three-year term,...South China Morning Post
BUSINESSSep 28EU pushes China to accept import quotas in bid to rebalance tradeBrussels is pressing Beijing to accept quotas on Chinese exports as negotiations enter their final stretch, with the EU threatening trade measures unless tangible progress is made by next month.EuroNews [en]