Follow South China Morning Post - Business, filter it, and define how you want to receive the news (via Email, RSS, Telegram, WhatsApp etc.) https://follow.it/scmp28 Mon, 02 Oct 2023 10:54:03 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahct_dRYitvl1ClmFkX7M1Jw While Southeast Asian tourism is feeling the lack of Chinese travellers, China’s domestic tourist market is a glowing picture of Chinese consumption. Fewer Chinese travellers are venturing overseas, not just because of the economic outlook, but also because of the growing appeal of domestic tourism.]]> Mon, 02 Oct 2023 09:30:09 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahct_dRYitvl1ClmFkX7M1Jw https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahcndJ-3XlMGd3n9ye8UNv30 A growing number of wealthy families from the Middle East, Europe and Asia are considering using Hong Kong to invest their riches after the government and wealth managers have increased their promotional efforts this year, according to industry players.]]> Mon, 02 Oct 2023 09:00:09 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahcndJ-3XlMGd3n9ye8UNv30 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahfmpr0DbINHLF1cWWor9YPv Hydrogen is poised to play a substantial role in the greening of Hong Kong’s public road transport, but its competitiveness as a clean fuel in the city’s overall energy mix remains uncertain, expert says.]]> Mon, 02 Oct 2023 07:00:20 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahfmpr0DbINHLF1cWWor9YPv https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahdfaNYv5Wm8aF1cWWor9YPv Akshay Naheta, who pitched SoftBank on selling chip firm Arm to Nvidia, set up his stablecoin firm DTR in the emirate’s financial free zone in Abu Dhabi.]]> Mon, 02 Oct 2023 05:47:44 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahdfaNYv5Wm8aF1cWWor9YPv https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahfQS5bztVvBJuT5HJgy6HUf Lithium prices are spiralling down toward the lowest level in two years on concerns over the strength of Chinese demand for the material, a key ingredient in electric vehicle batteries.]]> Mon, 02 Oct 2023 05:41:19 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahfQS5bztVvBJuT5HJgy6HUf https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahfQS5bztVvBJiejEQ2Mq9rY Beijing brewpubs that traditionally catered to Westerners are diversifying their menus in favour of local tastes amid a 40 per cent decline in expats.]]> Mon, 02 Oct 2023 05:30:12 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahfQS5bztVvBJiejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahd4tCflW8j5_iejEQ2Mq9rY Initial data on travel bookings has painted a rosy picture for consumer spending in this year’s National Day holiday.]]> Mon, 02 Oct 2023 04:00:23 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahd4tCflW8j5_iejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahcaJH2XNeZpGqCY3L745TL_ 11 Skies, touted as Hong Kong’s largest indoor entertainment hub, is adding Vquarium, the city’s first-ever ‘virtual deep-ocean adventure experience’, to its list of attractions, as landlords beef up entertainment offerings in shopping malls.]]> Mon, 02 Oct 2023 03:00:13 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahcaJH2XNeZpGqCY3L745TL_ https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahdwhgqvLQdYfaCY3L745TL_ The person previously worked at the company’s intellectual property unit, the Hong Kong-listed company said.]]> Mon, 02 Oct 2023 01:00:14 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahdwhgqvLQdYfaCY3L745TL_ https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahd6B48BkiSqs5VjH6qdYdAk Hong Kong is not alone in craving the return of China’s international traveller. But while tourism is on a rebound in China, it is trending towards less extravagant domestic travel. While the visitors numbers are not what they were pre-pandemic, Hong Kong remains the top destination for China’s outbound travellers – good news for the city’s economic recovery,]]> Sun, 01 Oct 2023 15:00:18 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahd6B48BkiSqs5VjH6qdYdAk https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahfrfYhcvnlbLiejEQ2Mq9rY The carmaker, one of China’s EV marques, broke monthly sales records again, riding on robust demand in the world’s largest EV market.]]> Sun, 01 Oct 2023 14:33:13 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahfrfYhcvnlbLiejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahczVhKM-KYHyps0ohxaO6Yr Homeowners of The One-Rivera Shanghai say the residential complex appears nowhere near completion despite missing two delivery deadlines, raising the prospect of a boycott on mortgage payments that threatens to worsen sentiment in China’s embattled property sector.]]> Sun, 01 Oct 2023 12:30:07 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahczVhKM-KYHyps0ohxaO6Yr https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahe_MScESTcLCSejEQ2Mq9rY Since China halted the scheme in 2017, international scrutiny of carbon credits has intensified and expectations will be high. To fulfil its potential as a world-leading standard, progressive reforms are needed]]> Sun, 01 Oct 2023 11:02:07 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahe_MScESTcLCSejEQ2Mq9rY https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahekqySbuQ_pQV1cWWor9YPv GRST, an eco-friendly lithium batteries technology start-up, aims to raise US$50 million over the next two years to fund joint ventures in Europe and North America, as it vies to grab a slice of the fast-growing sustainable batteries market.]]> Sun, 01 Oct 2023 09:21:43 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahekqySbuQ_pQV1cWWor9YPv https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahe4mwtj6l1JQZVjH6qdYdAk Hui Ka-yan, founder and chairman of the troubled developer, rode a wave of market reforms to amass a vast empire that included China’s richest football club, a superyacht and reportedly the most expensive home in London. However, his personal fortunes have dwindled as Evergrande suffocates under a massive pile of debt exceeding US$300 billion.]]> Sun, 01 Oct 2023 03:00:19 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahe4mwtj6l1JQZVjH6qdYdAk https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahfW8evW_3Coj6CY3L745TL_ Amid shifts in geopolitics, supply chains and global trade, companies have been scared into rethinking how they operate and invest. Government officials who are reshaping the world economy without a sound understanding of consequences could well break the system.]]> Sat, 30 Sep 2023 14:00:08 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahfW8evW_3Coj6CY3L745TL_ https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahctldjrn0Lto5s0ohxaO6Yr Huawei’s return to the 5G smartphone market and the controversy over its advanced, made-in-China processor reflect the lengths taken by the company to build up its operations, following years of struggles on account of US trade sanctions.]]> Sat, 30 Sep 2023 05:00:11 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahctldjrn0Lto5s0ohxaO6Yr https://api.follow.it/track-rss-story-click/v3/-bS9tCGmaheTrlKkdkuR2ezdsCmHakzH A luxury home in the upscale district of Hong Kong where inspectors discovered dozens of suspected illegal structures in the wake of a recent landslide has sold for just over half what the owner paid for it six years ago, according to property agents.]]> Sat, 30 Sep 2023 04:00:37 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmaheTrlKkdkuR2ezdsCmHakzH https://api.follow.it/track-rss-story-click/v3/-bS9tCGmaheTrlKkdkuR2cb1naedg1wr As a green tech powerhouse, China can accelerate the Global South’s digital transition and foster a more sustainable model of economic growth. But the West remains obsessed with China’s perceived threat.]]> Sat, 30 Sep 2023 04:00:25 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmaheTrlKkdkuR2cb1naedg1wr https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahcPQYxD-uO2aOT5HJgy6HUf High interest rates will weigh on growth momentum, as the UK and EU economies are finding out. The inflation fight is not over, but the danger now is overcorrection – one wrong move by the Fed could tip the US economy into recession.]]> Fri, 29 Sep 2023 14:30:24 +0200 https://api.follow.it/track-rss-story-click/v3/-bS9tCGmahcPQYxD-uO2aOT5HJgy6HUf