Sauce maker Foshan Haitian sees modest debut in HK
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South China Morning Post
an hour ago
- South China Morning Post
When travellers think sustainability, make them think Greater Bay Area
Earlier this year, Hong Kong launched its first fully electric ferry . In June, jurisdictions within the Greater Bay Area development zone marked a national event for the environment. Against this backdrop, a quiet but important shift is under way. Policymakers in the Greater Bay Area are no longer just thinking about sustainability; they are setting it in motion. With the development zone becoming a hub for experimentation in smart infrastructure and climate innovation, the time is ripe to consider a low-carbon tourism corridor linking cities through cleaner and smarter ways to travel. Guangdong province, Hong Kong and Macau are already renowned for connectivity, with high-speed rail cross-border bridges and integrated metro systems . But while the physical infrastructure is world-class, the carbon cost of mobility remains high. Tourism, in particular, still leans heavily on diesel coaches, fragmented itineraries and high-emission transfers. Hong Kong has taken important first steps. The city's newly launched 400-seat electric ferry is capable of up to 52 daily trips. Trial runs are also under way for a second electric vessel. But the shift to a green tourism economy cannot rest on hardware alone. It must be matched by systems, partnerships and experiences that reflect the changing priorities of today's travellers. Neighbouring Shenzhen can offer valuable insight into this aspect. As of early this year, the city was home to over 1.3 million electric vehicles (EVs), or 28.6 per cent of its fleet. Shenzhen was the first city in the world to fully electrify its bus and taxi networks. The city boasts more than 370,000 charging stations. This transformation has been built on years of forward-looking and coordinated policy and collaboration between government and industry. The pace of Shenzhen's progress may not be replicable everywhere, but the mindset is transferable. Meanwhile, Hong Kong is gaining ground . While nearly seven out of 10 newly registered private cars are electric, progress in public and commercial transport lags behind. Only 1.4 per cent of the city's 6,000 franchised buses and just 0.5 per cent of its 18,000 taxis are electric. This is a concern given that public and heavy vehicles account for 80 per cent of transport-related emissions, which in turn make up one-fifth of our total carbon footprint.
South China Morning Post
7 hours ago
- South China Morning Post
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
- South China Morning Post
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.
