Cathay Pacific, HK Express carried 2.9 million passengers in June, up 23pc
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South China Morning Post
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Yuen Yuen Ang on how China can turn ‘polycrisis' into ‘polytunity'
Yuen Yuen Ang is the Alfred Chandler Chair Professor of political economy at Johns Hopkins University. She is an influential scholar, writing extensively on China's political and economic trajectory, its international relations and its adaptive development in a fragmented, unpredictable world. Originally from Singapore, her award-winning work includes the books How China Escaped the Poverty Trap and China's Gilded Age. Advertisement This interview first appeared in SCMP Plus . For other interviews in the Open Questions series, click here As a professor based in the United States, do you think there is a general decline in knowledge about China there? Can that be attributed to the sharp drop in Americans studying in China? To put things in historical context, I would point to my 'grand teacher' Michel Oksenberg. He served in the administration of US President Jimmy Carter, and was the expert behind the normalisation of relations between the US and China. In addition to his policy work, he was a passionate educator who nurtured generations of China experts. A majority of leading China scholars today are his disciples or grand-disciples – including myself. Advertisement I'm sharing this story to remind us of how deeply and purposefully the pioneers of US-China engagement had invested in helping American policymakers and the public understand China. They went to great lengths to build up a community of expertise.
South China Morning Post
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Talks deadline for CK Hutchison US$23 billion Panama ports deal passes on Sunday
A deadline for exclusive talks on a US$23 billion sale of global port stakes by Hong Kong tycoon Li Ka-shing's CK Hutchison Holdings passed without a deal on Sunday, with analysts expecting complex negotiations to be extended amid intense US-China geopolitical rivalry. Advertisement The controversial transaction involved CK Hutchison selling stakes in 43 ports, including two at either end of the Panama Canal, to a consortium led by Terminal Investment Limited, an affiliate of the world's largest container line, MSC, and American asset manager BlackRock. The July 27 deadline was set 145 days from the company's March 4 exchange filing that first announced the exclusive negotiation period. Shipping and legal experts earlier told the Post that they were not optimistic the deal would be signed in its original form by Sunday, saying it could be subject to substantial changes given the political headwinds and regulatory hurdles in both Panama and mainland China. By midnight on Sunday, Hutchison had not disclosed any information on the deal. Amid the ongoing trade tensions, a high-level American business delegation was expected to visit Beijing this week, the Post reported exclusively. Sources said the trip would be organised by the US-China Business Council.
South China Morning Post
8 hours ago
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China, US to extend tariff pause at Sweden talks by another 90 days: sources
Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday, according to sources close to the matter on both sides. China and the United States agreed in May to remove most of the heavy tariffs levied on each other's goods for 90 days while continuing trade negotiations. That suspension is set to expire on August 12. During the third round of trade negotiations between the world's two biggest economies, both will expound their views on major sticking points – such as the US' concerns over China's industrial overcapacity – rather than achieve specific breakthroughs, the sources said. One source said that, during the expected 90-day extension, the two nations will commit to not impose additional tariffs on each other, nor escalate the trade war by other means. According to three people familiar with Beijing's position, while the earlier discussions in Geneva and London focused on 'de-escalation', in the latest meeting the Chinese delegation will also press Trump's trade team on fentanyl-related tariffs.
