Latest news with #MayWong
CNA
12 hours ago
- Business
- CNA
US-China rivalry poses challenges for deepening China-Hong Kong links
China has increased efforts to connect Hong Kong more closely to the mainland, both economically and socially. But with the US-China rivalry deepening, being so close to China has posed challenges for the city. CNA's May Wong reports from Hong Kong.
CNA
26-05-2025
- Business
- CNA
Trump tariffs: Small businesses in Hong Kong caught in the middle of US-China trade war
The trade disruption stemming from US President Donald Trump's Liberation Day tariffs is pushing cash-strapped Hong Kong SMEs into survival mode. While the US and China did manage to agree to temporarily slash tariffs for 90 days starting around two weeks ago, Hong Kong SMEs know it is just a pause. May Wong reports from Hong Kong.
CNA
07-05-2025
- Business
- CNA
China unveils more measures to stabilise its economy
China has unveiled even more support to stabilise its economy, as Beijing steps up efforts to cushion the economy from US tariffs. The seven-day reverse repurchase rate was cut by 10 basis points, which will bring down its main policy - the loan prime rate. The central bank will also lower the reserve requirement ratio by 50 basis points, unleashing an additional US$140 billion to the market. CNA's May Wong has more from Hong Kong.
CNA
05-05-2025
- Business
- CNA
Hong Kong to set up US$129 million R&D institute to boost tech-driven growth
Hong Kong has identified artificial intelligence (AI) as one of the key sectors to drive sustainable growth. It is aligning itself to China's national development, focusing on areas such as supercomputing capabilities, data and talent in AI. The city is also seeking to support local institutions in the tech sector, pumping in US$129 million to establish a new R&D centre. May Wong reports on how Hong Kong is faring in the local AI game.
CNA
02-05-2025
- Business
- CNA
US ends de minimis shipping loophole for Chinese goods that cost less than US$800
Starting today, American shoppers may find cheap goods from online retailers much pricier than before, as President Donald Trump's decision to close a trade loophole known as de minimis takes effect. Previously, that allowed low-value packages to enter the US without the inspection, information disclosure or duty payment typically associated with purchases of foreign goods. The US Congress says more than one billion de minimis shipments are processed each year. with more than half coming from mainland China and Hong Kong. May Wong reports from Hong Kong.
