China’s finance minister on fiscal policy

South China Morning Post - Oct 5, 2026

This article was translated from Chinese into English using Alibaba’s Qwen3.7-Plus, then checked and tweaked for accuracy by a South China Morning Post journalist. It is for reference only, and is not the official English version of the original Chinese document. Alibaba owns the SCMP.

Read full article

More News

Abby Choi’s mother tells court former in-laws lived off socialite’s family wealth

Abby Choi’s mother tells court former in-laws lived off socialite’s family wealth

The mother of slain Hong Kong socialite Abby Choi Tin-fung has accused her former in-laws of living off her family’s wealth without contributing anything to her grandchildren. Cheung Yin-fa testified in the High Court on Monday about the relationship between her daughter, ex-son-in-law Alex Kwong Kong-chi, and his family in the years leading up to the influencer’s slaying in February 2023. Kwong, 31, his father Kwong Kau, 68, and elder brother Anthony Kwong Kong-kit, 35, are standing trial after...

Kai Tak Hospital starts first phase of operations, treats 350 patients on day 1

Kai Tak Hospital starts first phase of operations, treats 350 patients on day 1

Hong Kong’s Kai Tak Hospital launched its first phase of operations, treating about 350 patients at its family medicine centre on Monday, with the daily number projected to reach 1,800 by the end of the year. While patients welcomed the service, lawmakers called for more frequent feeder transport and better publicity about transit options. Positioned to become Hong Kong’s largest public hospital once fully operational, Kai Tak Hospital opened its family medicine integrated centre on Monday to...

Wellcome operator DFI Retail seeks buyer for fully leased shopping centre on The Peak

Wellcome operator DFI Retail seeks buyer for fully leased shopping centre on The Peak

DFI Retail, the food and beverage unit of Hong Kong-headquartered conglomerate Jardine Matheson, is looking to sell its mall at The Peak, one of the city’s wealthiest neighbourhoods. The entire commercial portion of the Dairy Farm Guildford Road Shopping Centre will be sold via a public tender closing at noon on November 19, according to sole agent CBRE. The property is near The Peak campus of the German Swiss International School. The mall consists of a two-storey retail podium with a gross...

Hong Kong outlines 4-step AI talent plan to help graduates navigate job market

Hong Kong outlines 4-step AI talent plan to help graduates navigate job market

Hong Kong has unveiled a four-step artificial intelligence (AI) “talent ladder” strategy to counter entry-level job shock and foster industry leaders, viewing the technology as a “catalyst, not a threat”. Permanent Secretary for Innovation, Technology and Industry Kevin Choi Kit-ming warned on Monday that the “entry-level shock” was real because AI performed well in many routine tasks that once made up a graduate’s first job, such as basic coding and first-line customer service. Speaking at the...

China develops plant to extract hydrogen, fresh water and uranium from the sea

China develops plant to extract hydrogen, fresh water and uranium from the sea

Chinese scientists have built a small, stable co-production plant that uses one system to extract hydrogen and fresh water from seawater, while also recovering uranium and bromine and improving electricity use efficiency by about 15 per cent. The team, led by Deng Dehui and Liu Yanting from the Chinese Academy of Sciences’ Dalian Institute of Chemical Physics, improved on an existing technology that is both costly and power hungry, according to a paper in the peer-reviewed journal Nature...

Kai Tak Hospital opens this week: what you need to know before visiting

Kai Tak Hospital opens this week: what you need to know before visiting

Hong Kong’s largest public hospital, built on the former airport site in Kai Tak, began its first phase of operations on Monday after more than a decade of planning and preparation. The South China Morning Post looks at the hospital’s key features and what its opening means for the city’s healthcare development. 1. What makes Kai Tak Hospital special? With a gross floor area of roughly 500,000 square metres (5.38 million square feet) and 2,400 beds, Kai Tak Hospital will be Hong Kong’s largest...

Is Hong Kong’s drive to eliminate substandard housing doing more harm than good?

Is Hong Kong’s drive to eliminate substandard housing doing more harm than good?

Housewife May and her three children were overjoyed last September when they moved into a 200 sq ft subdivided flat in Kwai Tsing, a Hong Kong district with one of the city’s lowest average monthly household incomes. For years, the 50-year-old single parent had lived in a squatter hut with her son and two daughters, where they had to climb hundreds of stairs daily. They later moved into a 100 sq ft subdivided flat before securing their current place. Located on the 15th floor of a lift-equipped...

HKU eyes Northern Metropolis expansion to boost research capacity, attract talent

HKU eyes Northern Metropolis expansion to boost research capacity, attract talent

The University of Hong Kong (HKU) is looking to secure more laboratory space in the Northern Metropolis university town to expand its research capacity and attract talent, its new vice-president for research has said. Professor Anderson Shum Ho-cheung, who took up the vice presidency in August, also called for more government funding, saying grant applications took time and returns on investment could be slow. Shum said the university’s research development would align with the government’s...

Rigid goals not set in Hong Kong’s 5-year plan to allay fears of planned economy: Tse

Rigid goals not set in Hong Kong’s 5-year plan to allay fears of planned economy: Tse

Hong Kong refrained from setting overly rigid economic indicators in its first five-year plan to avoid fuelling concerns that it was moving towards a planned economy, according to the city’s constitutional affairs minister. The current priority should be hitting targets instead of dwelling on accountability mechanisms for potential shortcomings, Secretary for Constitutional and Mainland Affairs Janice Tse Siu-wa said. Tse also emphasised the government’s efforts to explore administrative...

Zheng Yongnian on China-US realism and battling for the upper hand before the next summit

Zheng Yongnian on China-US realism and battling for the upper hand before the next summit

Zheng Yongnian is a political scientist in China and a government adviser. His academic work is mainly about contemporary China, particularly politics, the country’s transformation and its external relations. This interview first appeared in SCMP Plus. For other interviews in the Open Questions series, click here. Many have offered a lukewarm assessment of the Xi-Trump summit in Washington, citing the lack of a breakthrough. What is your take? There are two primary views right now. One is...

Ambassador Xie Feng Attended "ShanghaiEye Night" Events

Ambassador Xie Feng Attended "ShanghaiEye Night" Events

Ambassador Xie Feng Attended "ShanghaiEye Night" Events

Hong Kong builders take three WorldSkills honours in best CIC haul

Hong Kong builders take three WorldSkills honours in best CIC haul

[The content of this article has been produced by our advertising partner.] Nine young construction competitors from the Construction Industry Council returned from WorldSkills Shanghai with three Medallions for Excellence, the strongest finish the CIC has recorded at the competition. The honours went to Law Chak-sum in painting and decorating, Tse Yu-lok in welding, and the concrete construction work team of Huang To-kong and Wan Tsz-ho. It was Hong Kong’s first WorldSkills honour in concrete...

Recommended

Asia Viral News

Asia Viral News features the latest and most trending news from Asia. Get ready to immerse yourself in the daily engaging topics with share-worthy news only in Asia Viral News.

ABOUT US
Newsletter

Copyright © 2015 - 2026 Asia Viral News. All Rights Reserved.