Date
24 May 2019

Business

  • Neodymium mined in Baotou, China. The country dominates global production of rare earths. Photo: Bloomberg

    Rare earths are no weapon in a trade war

    - May 24, 2019 11:10am
    Rare earth reserves are not a trade war game-changer. Here’s why: 1. There are abundant reserves. The US has several years of its annual consumption in domestic reserves and can also use alternative sources. 2. Most...
  • A MUJI store at a shopping mall in Hangzhou, Zhejiang province. The Japanese retailer has been battling copycat brands in the China market. Photo: Reuters

    MUJI, Japan’s ‘no-brand’ brand, faces copycat challenge

    - May 24, 2019 10:48am
    Japanese retailer MUJI offers simple charms for its unbranded products. The name refers to unbranded good-quality products. MUJI has achieved a big success in Japan and Southeast Asia over the last four decades. However, MUJI is...
  • Huawei could be included in some form in a potential US-China trade deal, US President Donald Trump suggested on Thursday. Photo: Reuters

    Huawei could be included in US-China trade deal: Trump

    May 24, 2019 9:07am
    Washington’s complaints against Huawei Technologies might be resolved within the framework of a US-China trade deal, President Donald Trump said on Thursday, while calling the Chinese telecoms giant “very dangerous.” “You look at what they’ve done from...
  • Trump administration officials have long viewed China’s yuan as undervalued against the dollar. Photo: Reuters

    US says considering duties on countries that undervalue currency

    May 24, 2019 8:54am
    The US Commerce Department said on Thursday that it is proposing a new rule to impose anti-subsidy duties on products from countries that undervalue their currencies against the dollar, Reuters reports. Representing another move that could...
  • If higher tariffs remain indefinitely, the US and the global economy will be worse off. Photo: AFP

    The real cost of Trump’s tariffs

    - May 24, 2019 8:00am
    Earlier this month, US President Donald Trump suddenly revealed that a trade agreement between the United States and China was not imminent after all. On the contrary, on May 10, the Trump administration raised its previous...
  • US President Donald Trump and Chinese President Xi Jinping may yet find a way to resolve their differences. Photo: Reuters

    Investors can turn the trade war into a positive factor

    - May 23, 2019 5:39pm
    Washington’s ban on Huawei has plunged a number of Chinese tech stocks, along with the broader Hong Kong market, to a three-month low. Will the ban slow down China’s 5G development? Will it deal a blow...
  • A Huawei logo is seen at the firm’s research center in Shanghai. The Chinese telecoms equipment giant is likely to step up development of own technologies in the wake of US sanctions. Photo: Reuters

    Can Huawei cope without ARM chipset support?

    - May 23, 2019 2:39pm
    The US trade blacklist on Huawei has prompted several tech firms globally to cut or scale back their business links with the Chinese telecom equipment giant.  Following the moves of entities such as Google, Qualcomm and...
  • Bank of East Asia chairman and chief executive David Li is flanked by his sons Adrian (left) and Brian during an earnings results announcement in February. Photo: HKEJ

    Banker David Li is stepping down – but not retiring

    - May 23, 2019 11:30am
    Bank of East Asia (00023.HK) chairman David Li Kwok-po, the most senior banker in town, is stepping down from his day-to-day role after 38 years as its chief executive officer. But that doesn’t mean he is retiring....
  • A Hikvision logo is seen at an exhibition during the World Intelligence Congress in Tianjin on May 16. The company's products have been put to use for large-scale video surveillance in China. Photo: Reuters

    US may blacklist China’s Hikvision over Uighur crackdown: report

    May 23, 2019 9:55am
    The United States is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, in action related to China’s treatment of its Uighur Muslim minority, Reuters reports, citing a person briefed on the matter. Hikvision was named...
  • Honda's US unit is recalling some SUVs after reports of injuries tied to sudden air bag deployments. Photo: Bloomberg

    Honda recalls 118,000 SUVs in US over air bag-related problem

    May 23, 2019 9:22am
    Honda Motor’s US unit said on Wednesday it is recalling 118,000 new United States SUVs following reports of three injuries tied to sudden air bag deployments, Reuters reports. The company said it is recalling the 2019...
  • Panasonic has joined the list of firms that are curtailing business dealings with Huawei in the wake of a US trade blacklist. Photo: Reuters

    Panasonic suspends some component shipments to Huawei

    May 23, 2019 9:09am
    Japan’s Panasonic Corp said on Thursday that it has stopped shipments of certain components to Huawei Technologies to comply with US restrictions on the Chinese company, Reuters reports. “Panasonic has instructed employees to halt transactions with...
  • Qualcomm’s licensing practices have 'strangled competition' in parts of the chip market for years, harming rivals, smartphone makers and consumers, a US judge ruled. Photo: Bloomberg

    Qualcomm violated antitrust law, US judge rules

    May 23, 2019 8:51am
    Qualcomm illegally suppressed competition in the market for smartphone chips by threatening to cut off supplies and extracting excessive licensing fees, a US judge ruled. “Qualcomm’s licensing practices have strangled competition” in parts of the chip...
  • Chinese authorities are reported to have ordered banks to stop marketing 'smart' deposits. Photo: Reuters

    China cracks down on high-interest rate deposit schemes: report

    May 22, 2019 4:01pm
    China’s financial regulators have told some domestic banks to stop marketing so-called smart deposits, which look like high-interest term deposits but are in fact investment products, Reuters reports, citing sources with knowledge of the matter. Some...
  • China's biggest carriers are said to have sought compensation from Boeing over grounding and delayed deliveries of 737 MAX jets. Photo: Bloomberg

    Chinese airlines seek Boeing compensation over 737 MAX grounding

    May 22, 2019 3:48pm
    China’s three biggest airlines — Air China, China Southern Airlines and China Eastern Airlines — have asked US planemaker Boeing to compensate them for losses caused by the grounding and delayed deliveries of 737 MAX jets,...
  • Xiaomi’s Mi Mix 3 5G is one of the first 5G smartphones available in the European market. As Huawei faces problems, Xiaomi has an opportunity to narrow the gap with its bigger rival. Photo: Bloomberg

    Will Xiaomi benefit from Huawei’s woes?

    - May 22, 2019 2:15pm
    With Huawei facing mounting troubles amid a US trade blacklist, rival Chinese smartphone makers have a chance to narrow the gap in market shares in the industry with their bigger rival. Among the firms that will...
  • Tesla has been one of the frontrunners in the field of autonomous vehicles. Photo: Reuters

    Why autonomous car won’t be 5G killer application any time soon

    - May 22, 2019 12:44pm
    The US-China trade war continues to escalate. Washington is trying all means to stop Huawei from capturing US and European markets. The Trump administration is apparently keen on stopping or at least slowing down China’s 5G...
  • Tencent founder and CEO Pony Ma said China's tech firms must take painstaking efforts to develop its own infrastructure and core technology. Photo: Bloomberg

    Tencent’s Pony Ma on Huawei crisis: Beware of a looming tech war

    May 22, 2019 12:40pm
    In line with a trade blacklist order from the Trump administration, Google has announced that it is pulling Huawei’s license to use the Android operating system while US chipmakers such as Qualcomm are suspending shipment of crucial...
  • Taiwan's Foxconn is among top ten tech firms from China in terms of exports to the US. Photo: Reuters

    How Taiwan can help prevent a full blown US-China tech war

    - May 22, 2019 10:14am
    In a previous article, I wrote that Taiwan has the potential to replace Hong Kong as a unique bridge between China and the United States. Now, the worsening US-China tech war might create just the kind...
  • A recent survey of members of the American Chamber of Commerce of China and its sister body in Shanghai said 40.7 percent of respondents were considering or had relocated manufacturing facilities outside China. Photo: AFP

    Retaliation rising in China amid trade war: US business group

    May 22, 2019 9:28am
    A top US business lobby in China said nearly half of its members are seeing non-tariff barrier retaliation in China as a result of the increasingly bitter trade war between Beijing and Washington, Reuters reports. The...
  • Beijing's door remains open for resolving the US trade dispute, says Cui Tiankai, China's ambassador to the United States. Photo: Bloomberg

    China ready for further US trade talks, envoy says

    May 22, 2019 9:24am
    Beijing is ready to resume trade talks with Washington, China’s ambassador to the United States said on Tuesday, while blaming the US side for frequently “changing its mind” on tentative deals to end the trade dispute....

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