China increases defence spending by slower pace than neighbours

中国今年的国防预算将增长7.2%,增幅为1.78万亿元人民币(约合2452亿美元)。这一增长率与过去两年持平,但低于一些邻国,表明中国在经济复苏和军事现代化之间寻求平衡。

分析人士认为,这一预算反映出北京认为国际局势和台湾海峡局势影响有限,将继续推进既定的军事现代化目标,即到2050年建成“世界一流”军队。与此同时,其他国家如印度、日本和菲律宾的国防预算增幅相对较高,而欧洲国家预计也将因美国政治变化而大幅增加国防开支。

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US deals with Canada, Mexico in pipeline: prelude to an expanded trade push against China?

Analysts suggest that recent US trade deals with Canada and Mexico, following import tariffs, may signal a broader trend of countries aligning trade policies with the US to avoid punitive measures, particularly concerning China. This comes after the US imposed 25% tariffs on imports from both Canada and Mexico, prompting immediate discussions to demonstrate improved trade practices.

While US Secretary of Commerce Howard Lutnick highlighted talks with Canada and Mexico, he made no mention of discussions with China, despite the US imposing additional tariffs on Chinese imports. This has led some analysts to believe that the US strategy involves containing China by building a network of countries with aligned trade rules. The economic dependence of Mexico and Canada on the US makes them more likely to comply with US demands, especially given signs that they were already considering a firmer stance on China before the tariffs were imposed.

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China pledges to spend as US plans cuts, cross- strait conundrum: SCMP daily highlights

China and the US are presenting contrasting economic visions, with Premier Li Qiang promising increased spending to boost China's growth, while former President Trump is advocating for reduced federal spending to balance the US budget. This divergence highlights fundamentally different approaches to economic management and future priorities.

Trump's address to Congress included outlining new trade measures against China, such as tariffs and a push for economic decoupling. Meanwhile, predictions regarding potential military action by Beijing to reunify Taiwan are focusing on the year 2025 as a possible timeframe.

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China’s bigger diplomatic budget underlines global push, unlike Trump’s ‘America first’

China is significantly increasing its foreign policy budget, signaling a more proactive approach to global diplomacy and development initiatives. The proposed 8.4% increase to over 64.5 billion yuan (US$8.87 billion) for "diplomatic endeavors" in 2025 surpasses last year's 6.6% rise, indicating a strategic prioritization of international relations.

This budget increase comes as Premier Li Qiang highlighted China's diplomatic achievements at the National People's Congress, emphasizing President Xi Jinping's engagement with numerous countries and key global events. The move is seen by some as a counterpoint to perceived isolationist tendencies in the US, with China aiming to deepen ties with the Global South and expand its Belt and Road Initiative.

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Hong Kong still among the world’s top wealth hubs, according to Knight Frank report

Hong Kong ranks as the world's 10th largest wealth hub, with approximately one in every 176 residents possessing a net worth exceeding US$10 million. This translates to an estimated 42,715 high-net-worth individuals (HNWIs) in the city, representing about 0.6% of Hong Kong's total population of 7.53 million.

Globally, Hong Kong accounts for roughly 2% of the world's 2.34 million HNWIs. The United States leads with the highest number of HNWIs, followed by mainland China and Japan. In terms of wealth held by billionaires, Hong Kong ranks seventh worldwide with US$330 billion, highlighting the city's significant economic influence and its role as a key financial center in Asia, according to Knight Frank's Wealth Report.

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Ditched by the US, Europe must consider a ‘common home’ with Russia

Europe's geopolitical stability is increasingly uncertain as the Ukraine war continues and the United States, under Donald Trump, appears to be sidelining European interests in favor of direct engagement with Russia. Trump's cordial phone call with Putin and subsequent meetings between US and Russian officials in Saudi Arabia and Turkey, without European or Ukrainian involvement, signal a potential shift in US foreign policy that disregards Europe's role in the conflict.

This perceived abandonment has triggered strong reactions from European leaders, who denounce Washington's change in direction and reaffirm their commitment to supporting Ukraine. Crisis summits in Paris and London aim to forge a united European front, pledging continued aid to Ukraine and a role in the peace process, potentially including peacekeeping troops. However, many observers express pessimism about Europe's future, especially given the security threat from Russia and the perceived betrayal by the US.

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J-pop boy band kicks out member after arrest in Hong Kong over indecent assault

日本男团ONE N’ ONLY成员上村谦信因在香港涉嫌非礼被捕,已被经纪公司解雇。警方接到一名女性报案,称在旺角砵兰街一家餐厅被一名25岁男子非礼,随后证实嫌疑人为上村谦信。

消息人士透露,事发前该男团在东涌举行粉丝见面会,受害者担任翻译。之后,乐队成员和其他人前往餐厅庆祝。上村谦信已在九龙城法院出庭,面临一项非礼罪的指控。

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Thais riled by surge in illegal short-term condo rentals amid tourist influx

泰国酒店业正受到非法短租房激增的冲击,尤其是一些针对中国市场的海外房东,他们的行为不仅蚕食了酒店预订量,还扰乱了当地居民的生活。这些公寓楼变成了游客的临时宿舍,对原本安静的社区造成了影响。

泰国旅游业迎来复苏,预计今年将通过免签政策吸引约3800万游客。然而,游客数量的增长也带来了一系列问题,包括外国和本地投资者非法将公寓短租给游客,其中中国游客是主要客户群体之一。根据2004年《酒店法》,业主在未获得特定许可的情况下,不得将房产出租少于30天。但由于法律未能充分修订以适应Airbnb等短租平台的发展,曼谷市中心的住宅区内出现了大量公开宣传的日租房。

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In an arms race for tech and talent, China blitzes as the US retreats

中国正在加大科技创新投入,以期在人工智能、人形机器人和6G等颠覆性技术领域取得领先地位。中国政府连续第二年将科研经费增加10%,2025年中央政府的研发预算达到3980亿元人民币(约合540亿美元),使其成为政府支出中增长最快的领域。

这一举措旨在应对美国联邦政府削减科研经费可能导致其失去科技领导地位的风险。中国计划将更多资金用于基础研究、应用基础研究以及战略性科技项目,以加速科技军备竞赛,并重塑全球力量平衡。

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Brace for more US pressure on Chinese investment after Panama Ports sale, analysts warn

CK Hutchison Holdings' decision to sell its global port stakes, including those near the Panama Canal, highlights the increasing dilemma faced by countries and firms navigating investment from both China and the US. Analysts suggest this move underscores the growing resistance to China's global ambitions, particularly its Belt and Road Initiative, as the US seeks to limit Chinese influence worldwide.

The sale follows claims by former US President Donald Trump that China controlled the Panama Canal, a statement refuted by both Panama's president and Chinese officials. A consortium including BlackRock and Global Infrastructure Partners will acquire the units holding a significant portion of Hutchison Ports, including Panama Ports, which operates two key ports in Balboa and Cristobal, along with controlling interests in 43 other ports across 23 countries. This deal exemplifies the challenges companies face when geopolitical tensions impact business decisions.

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Daughter of Hong Kong man accused of raping her kept silent as mother also helpless

一名香港女子指控其失业父亲在九年内强奸她13次,她在法庭上表示,之所以没有告诉母亲,是因为母亲也曾遭受虐待,无力保护她。 这名现年26岁的女子指控其58岁的父亲在2011年至2019年间多次强奸她,最早的事件发生在她年仅12岁时。她之前告诉法庭,在她上大学并于20岁搬出去后,袭击才停止。

在辩方律师的质询下,该证人表示,多年来她一直保持沉默,从未试图向母亲报告这些袭击,因为她不相信母亲能够保护她。“她自己也被[被告]殴打过,腿和胳膊上有瘀伤,她甚至没有反抗,”女儿告诉由七名成员组成的陪审团。被告否认了13项强奸罪和1项非礼罪。

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‘One size’ fashion store in Korea sparks concern over thin-body ideals

Brandy Melville, the Italian women’s fashion brand known for its limited size range (XS/S), is experiencing a surge in popularity in South Korea. Despite only catering to a slim body type, the brand's first Korean store in Seoul is attracting large crowds of young women, highlighting a controversial yet commercially successful marketing strategy.

Brandy Melville's approach defies conventional fashion by offering clothes that customers are expected to fit into, rather than the other way around. This "one size fits most" strategy, while exclusionary, has resonated with Generation Z, fueled by vintage-style designs and social media trends like the "Brandy Melville Challenge." The brand's success, marked by over 100 global locations since its 2009 US debut, demonstrates the power of targeted marketing despite concerns about body image and inclusivity.

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Tech war: Top scientist urges China to develop alternative to Nvidia’s CUDA software

Chinese scientist Li Guojie emphasizes that while China's AI accelerator chips are catching up in hardware, Nvidia's CUDA ecosystem remains a significant advantage that China must overcome for AI self-sufficiency. He suggests that China needs to develop a controllable AI software tool system that surpasses CUDA to truly compete with the US in AI technology.

Li acknowledges DeepSeek's impact on the CUDA ecosystem but notes that it hasn't completely bypassed it, highlighting the remaining barriers. He likens this challenge to replacing Western hardware-software systems and stresses the need for careful planning and long-term efforts to build a competitive AI software ecosystem.

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Hong Kong’s Jimmy Lai ‘withheld’ sensitive information to meet US vice-president

Jimmy Lai, the former media boss of Hong Kong's Apple Daily, admitted in court that he withheld "politically sensitive" information when applying for permission to travel to the United States in 2020. He conceded that he did not disclose his intention to meet with then-US Vice President Mike Pence, fearing it would complicate his application to relax bail conditions in a separate criminal case.

Lai's admission appears to contradict his earlier denials of deliberately concealing the planned meeting. He stated that while meeting a US official was not illegal at the time, he believed the visit to the White House would be "too politically sensitive." A judge had previously dismissed Lai's travel request, and Lai affirmed in court that he believed his chances would have been better by not revealing his full itinerary.

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‘I know who I’d want to hit’: Hongkongers, tourists queue to curse ‘villains’

香港一年一度的“打小人”仪式吸引了数百人前往铜锣湾的鹅颈桥底,他们希望借此驱走霉运或诅咒“敌人”。 一些中国大陆游客也专程前来体验这一传统习俗。仪式现场烟雾缭绕,人头攒动,场面十分热闹。

顾客们将“敌人”的名字写在纸人上,一些人甚至拿着“仇人”的照片或身份证复印件。 “打小人”的摊位前排起了长队,顾客花费50港币,由多为老年妇女的“打小人”用鞋子抽打纸人,口中念念有词,最后将纸人烧掉。一位来自珠海的郑姓游客表示,她听说这种仪式很有效,但在中国大陆很难找到类似的活动。

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US will get Greenland ‘one way or the other’, Trump says

Donald Trump has urged Greenland to join the United States, a proposal swiftly rejected by Denmark. Trump stated he would pursue acquiring the Danish-ruled island "one way or the other," reiterating his expansionist vision for the U.S.

Denmark's Defence Minister firmly stated that Greenland's future direction will be decided by Greenlanders themselves. Trump's remarks, made a week before Greenland's general elections, highlight his interest in the strategically important and mineral-rich island, despite its autonomous status and existing independence movement.

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Australia’s gender pay gap narrows but women still paid 18.6% less

Australia's gender pay gap has slightly decreased, but women still earn nearly a fifth less than men. A recent government report by the Workplace Gender Equality Agency revealed that the median pay gap favoring men was 18.6% for the year ending March 2024, a slight improvement from 19% the previous year. While 56% of companies have reduced their pay gaps, a significant 72.2% of employers still exhibit a pay gap favoring men.

The finance, mining, and construction industries continue to display the most significant gender pay disparities. Notably, large listed companies such as Macquarie Group (41.8% gap) and Woodside (25.6% gap) have substantial pay gaps favoring men, despite Woodside showing improvement from the previous year. The agency's Chief Executive, Mary Wooldridge, emphasized that pay gaps exceeding +/-5% indicate an over-representation of one gender in higher-paying roles.

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China agony aunt influencer gains 3.5 million fans by critiquing ‘love-brained’ adults

中国网红Xiakespeare因其辛辣的在线评论迅速走红,旨在“唤醒”那些沉溺于有毒关系中的“恋爱脑”成年人。她在短短两周内吸引了超过350万粉丝,成为社交媒体上备受关注的人物。

Xiakespeare于1月23日开设账号,凭借其独特的形象和内容迅速走红。在视频中,她身穿白色实验服,扎着独特的双马尾,扮演心理咨询师的角色,倾听“客户”分享他们的情感困境。她以尖锐的语言和独特的闽南口音,试图将他们从“恋爱脑”的状态中唤醒,其直率的风格引发了广泛的讨论和关注。

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Tech war: China leads US in quantity, quality of semiconductor research, report finds

China is now producing twice as many research papers on chip design and fabrication as the United States, potentially paving the way for leadership in next-generation semiconductor technology. From 2018 to 2023, Chinese scholars published 160,852 chip-related papers, exceeding the combined output of the next three leading countries. This surge in research underscores China's growing focus on semiconductor advancement, despite current limitations in advanced chip manufacturing capabilities.

The US ranked second with 71,688 articles, followed by India and Japan, according to the Emerging Technology Observatory (ETO) at Georgetown University. The ETO report also highlighted that Chinese institutions dominated the top rankings for both the number of chip articles produced and the frequency of citations. This research boom is occurring against the backdrop of China's intensified efforts to achieve self-reliance in the semiconductor industry, driven by national security concerns and US sanctions.

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Li Ka-shing’s CK Hutchison: a look at Hong Kong firm after port sale in Panama

李嘉诚旗下长江和记实业公司(CK Hutchison Holdings)决定出售其在巴拿马运河附近的一个战略港口,这一出人意料的举动震惊市场。据报道,此举是在美国前总统特朗普施加政治压力,试图控制这一关键全球贸易线路的背景下发生的。该交易还包括长江和记实业在23个国家的43个集装箱港口的权益,总价值高达230亿美元。

巴拿马运河作为连接大西洋和太平洋的捷径具有重要的战略意义,它使船只能够避免绕行南美洲最南端的德雷克海峡、麦哲伦海峡或比格尔海峡等漫长而危险的航线。长江和记实业通过其子公司和记港口自1997年以来一直在运河的大西洋和太平洋入口处运营两个港口,并通过巴拿马政府的特许权协议,本应持续控制巴尔博亚和克里斯托瓦尔港口直到2047年。

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