Alexander Yuk Ching Ma, 71, reached a plea agreement with prosecutors in May in exchange for pleading guilty to conspiring to gather and deliver to China national defense information.
US-China tensions

Washington's trade rules cited as top worry for U.S. businesses in China

Companies report harsher American regulatory scrutiny, supply chain disruptions

6 September 2024
China on Sept. 3 announced it planned to start an anti-dumping investigation into canola imports from Canada, a week after Ottawa imposed a 100% tariff on Chinese EVs and a 25% tariff on its imported steel and aluminum.
Trade war

China requests consultations with Canada at WTO over tariffs

Canadian duties on EVs, steel, aluminum goods met with Beijing's probe into canola imports

6 September 2024
People in Haiphong secure fishing boats as coastal Vietnamese areas brace for Typhoon Yagi. (Screenshot from Vietnam Television, VTV1)
Natural disasters

Supertyphoon Yagi forces Vietnam airport closures, including Hanoi

Supply chain and UNESCO tourism site hit, while Hong Kong stock market shut

6 September 2024
Emergency personnel carry the body of a person killed in a fire at a lithium battery factory owned by South Korean battery maker Aricell, in Hwaseong, Jun. 24. The disaster was the latest in a long-running string of fatal business-related accidents in the country.
Business Spotlight

South Korea Inc. faces reckoning as company CEO awaits trial over factory fire

After battery plant disaster kills 23, campaigners seek justice, safety in workplace

6 September 2024
Hong Kong's skyline, with the International Finance Centre tower at center, developed by Henderson Land Development. (Photo by Ken Kobayashi)
Property

Hong Kong's major property developers suffer from revaluation losses

Reassessments eat into bottom lines as rents drop in weakening economy

5 September 2024
Secretary-General Toshimitsu Motegi of Japan's ruling Liberal Democratic Party announces his candidacy for party leader on Sept. 4. (Photo by Uichiro Kasai)
Japan's leadership race

Japan's leadership race focuses on aid for inflation-weary voters

Pledges to not raise taxes and extend subsidies risk eroding fiscal situation

5 September 2024
A pedestrian crossing in Hong Kong in June. Japanese business sentiment in the city has been in negative territory for more than two years. (Photo by Ken Kobayashi)
Hong Kong security law

Hong Kong economic, security pressures sour Japanese business sentiment

Survey shows deepening concern over personnel exodus and information restrictions

4 September 2024
Japan's Nippon Steel has proposed acquiring U.S. Steel, but the deal faces stiff opposition in America. (Photos by Nanami Sato and AP)
Business deals

Nippon Steel promises most of U.S. Steel board will be American

Governance policy comes amid resistance to deal from presidential candidates

4 September 2024
A giant screen shows news footage of Chinese President Xi Jinping attending the third plenary session of the 20th Central Committee of the Communist Party of China in Beijing on July 18.
Opinion

Rising dissent in China puts Xi Jinping's vision for 2025 at risk

Economic malaise challenges CCP's social contract with the people

4 September 2024
An apartment complex in Dalian advertises the sale of completed units. (Photo by Kentaro Shiozaki)
Property

China home presales sink to 18-year low amid unfinished properties

Fearing nondelivery, buyers look to completed homes for purchase

4 September 2024
U.S. Vice President Kamala Harris attends a campaign event focused on Asian American, Native Hawaiian and Pacific Islander communities on July 9 in Nevada, one of seven key states that could decide the outcome of November's presidential election.
Asia Insight

Once neglected, Asian Americans now courted in knife-edge election

Tiny margins in battleground states spotlight voters like Wisconsin's Hmong community

3 September 2024
Canola fields surround an oil pump jack before harvesting in rural Alberta, in western Canada, in July 2019.
Trade war

China to start anti-dumping probe into Canada canola imports

Beijing says it will use WTO mechanism following Ottawa's 100% EV tariff

3 September 2024
The city of Xiamen is only several kilometers from Kinmen Island. (Photo by Yu Nakamura)
Taiwan under Lai

China resumes Taiwan pomelo imports, allows tourist travel to Kinmen

Beijing tests Lai government with olive branch to opposition Kuomintang

3 September 2024
A hydrogen filling station in Berlin. The EU will launch its next round of funding for green hydrogen projects this month.
Energy

EU to tighten hydrogen subsidy rules after China concerns

Planned criteria may include requirements for work to be done in Europe

3 September 2024
A Toyota showroom in central Japan. (Photo by Yuki Nakao)
Automobiles

Toyota restarts Yaris and Corolla production after safety test scandal

Automakers lift factory closures as Typhoon Shanshan's impact wanes

2 September 2024
A worker welds automobile parts at a workshop in Huaibei, Anhui province. Citi analysts say China's economy is in urgent need of policy support.
Economy

China's mixed factory activity indicators call for more policy support

Private PMI recovers while official indicator slips further

2 September 2024
Japan's high-speed bullet trains are famous around the world. (Photo by Kazumi Saito)
Transportation

Tokyo-Hakata bullet trains fully resume after typhoon

Tokaido and Sanyo lines moving after nearly four days of disruption

2 September 2024
Policymakers are counting on business investment to be an engine for the Japanese economy.
Economy

Japan Q2 corporate capex up 7.4%, pointing to solid domestic demand

Capital spending data could support move by BOJ to raise interest rates further

2 September 2024
Central bank moves to aid stock prices risk sowing the seeds of future market instability.
Comment

Crashes hold lesson for central banks: keep markets at arm's length

From Fed's Greenspan to BOJ's Ueda, investor-friendly moves often take a toll

2 September 2024
A building in Miyazaki, Japan, damaged by Typhoon Shanshan, as seen Aug. 29 in this screengrab from a social media video. (Bakuteman/@bakuteman_8910/via Reuters)
Natural disasters

Shanshan, downgraded from typhoon, leaves 7 dead in Japan

Tokyo-Osaka bullet train service set to resume; landslide and flood warnings remain

1 September 2024
Macao in June: Some mainland Chinese are believed to use casinos in Macao as a way to circumvent strict capital controls by Beijing. (Photo by Ken Kobayashi)
Politics

Macao casinos rake in revenue as authorities target money changers

Unlicensed services for gamblers seen as path to skirt Beijing's capital controls

1 September 2024
Pope Francis meets a child during a ceremony at Chinggis Khaan International Airport in Ulaanbaatar at the end of his visit to Mongolia, Sept. 4 2023.
Your Week in Asia

Pope in Asia, China-Africa forum, Japan-Australia 2+2

Your weekly lineup of Asia's biggest business and political events

1 September 2024
China is redirecting excess inventories of products such as steel to exports, driving prices down around the world.
Economy

China's 'deflation exports' expand as cheap goods flood markets

Countries around the world prepare counter measures to protect domestic industries

1 September 2024
The Shenzhen-Zhongshan Link opened in June. (Photo by Shizuka Tanabe)
Economy

With 24 km bridge-tunnel link, Shenzhen tech hub set to sprawl further

Firms eye Zhongshan across river delta as site for future growth

31 August 2024
Employees work on the production line at a factory for Chery's electric vehicles in Wuhu, in China's Anhui province, on July 29.
Economy

China factory activity slows to six-month low in August

Missed PMI forecast could fuel hopes for economic stimulus measures

31 August 2024