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Chinese commerce minister meets with US trade representative at WTO conference in Abu Dhabi

China's commerce minister, Wang Wentao, expressed Beijing's "solemn concerns" over US tariffs and Taiwan-related issues in the economic and trade domain during a meeting with US Trade Representative Katherine Tai on Monday. Wang and Tai conducted "professional and in-depth" communication on bilateral and multilateral economic and trade issues of mutual concerns as they met on the sidelines of the 13th Ministerial Conference of the World Trade Organization in Abu Dhabi, according to China's Minis

Meituan, Didi Chuxing in the spotlight as China stresses rights of delivery, ride-hailing gig workers

The Chinese government is ordering online platforms to better protect the rights of the country's 200 million gig workers, including ride-hailing and food delivery drivers employed by the likes of Meituan and Didi Chuxing. The Ministry of Human Resources and Social Security (MHRSS) released three new guidelines on Friday, stipulating how operators of delivery, ride-hailing, transport, and household services platforms should ensure that workers' salaries match local minimum wages, and provide the

China benefits from global stability even as it tries to undercut it, US official says

China enjoys the best of both worlds, benefiting from the global stability that the United States has fostered even as it undermines that stability in areas where it suits its interests, a senior US State Department official said on Wednesday. The comments by Daniel Kritenbrink, the assistant secretary of state for East Asian and Pacific affairs, made at the start of a two-day Atlantic Council conference on China and the Global South come as the People's Republic of China and the US vie for infl

GBA at 5: how Hong Kong has become the investment and insurance hub of Greater Bay Area

February 18 marks five years since Beijing unveiled its blueprint to turn the Greater Bay Area into a hi-tech powerhouse by 2035. The region of more than 86 million people covers Hong Kong, Macau and nine Guangdong cities. In the third of a four-part series, Enoch Yiu looks at Hong Kong's progress in becoming the de facto wealth management hub for the wealthy, and what needs to done to stay on top. In the five years since Beijing rolled out a blueprint for the Greater Bay Area, Hong Kong has sol

Year of the Dragon bodes well for Hong Kong s ailing stock market as rate cuts, improving Chinese economy bring hope, finance officials say

Hong Kong's financial leaders greeted the Year of the Dragon with fanfare, optimistic that the auspicious zodiac sign will breathe some fire - or at least some life - into the city's beaten down stock market. "Hong Kong stocks posted positive returns in the past four Years of the Dragon," said Financial Secretary Paul Chan Mo-po during a ceremony organised by bourse operator Hong Kong Exchanges and Clearing (HKEX) on Wednesday to mark the first day of trading day of the Lunar New Year. Chan said

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