Chinese fund touts offshore crypto exposure in Alipay ad amid bitcoin boom

Chinese fund touts offshore crypto exposure in Alipay ad amid bitcoin boom

A Chinese fund manager has touted its fund’s cryptocurrency exposure in an effort to draw investors amid a historic bitcoin boom, even as Beijing maintains a hostile stance towards the digital assets. A fund advertisement that read “Cryptocurrencies soaring, start investing with 10 yuan” was spotted on Alipay, Chinese fintech giant Ant Group’s mobile wallet … Read more

Modern Korean restaurant Jungsik’s third Michelin star a milestone for US, New York

Modern Korean restaurant Jungsik’s third Michelin star a milestone for US, New York

The United States has its first three-Michelin-star Korean restaurant, and New York its first new entrant to the dining guide’s highest rank in 12 years. Modern Korean restaurant Jungsik, opened by Seoul-born chef Yim Jung-sik, opened in the city’s Tribeca neighbourhood in 2011 and earned a first Michelin star within a year. In 2013, it … Read more

Another Hainan ‘tiger’ tangled in a Chinese corruption investigation

Another Hainan ‘tiger’ tangled in a Chinese corruption investigation

The southern Chinese island of Hainan – promoted by Beijing as the country’s next free-trade port – has been hit by another corruption scandal, with the Communist Party boss of the provincial capital the target of a disciplinary investigation. Luo Zengbin, 57, party secretary of Haikou and a member of Hainan’s provincial party standing committee, … Read more

How constant stress tests on China’s village cadres are raising risks for rural stability

How constant stress tests on China’s village cadres are raising risks for rural stability

The stress on China’s rural cadres to meet Beijing’s targets has multiplied in the past decade, raising a serious risk to stability in the countryside, a researcher specialising in rural governance has warned. In an article posted on social media last week that was swiftly taken down, Luo Shan, a researcher from the Rural Governance … Read more

China confronts false accusations that plague Communist Party’s anti-corruption crusade

China confronts false accusations that plague Communist Party’s anti-corruption crusade

However, more than a decade later, the party has come to realise many have exploited this to make false accusations against officials. At a major party conclave in July, Xi and other top officials pledged to “take stronger steps to handle false accusations”. Observers say unfounded claims about corruption waste resources, undermine careers, dampen morale … Read more

Taiwan’s William Lai slides in popularity, plagued by political turmoil

Taiwan’s William Lai slides in popularity, plagued by political turmoil

Taiwanese leader William Lai Ching-te’s popularity has slid to a new low, weighed down by a wave of social discontent and political turmoil that has amplified public dissatisfaction with his administration. Lai’s approval rating dropped to 42.8 per cent this month, well down from the 58 per cent recorded in May when he assumed office, … Read more

Exclusive | Trump, Cop29 and why Chinese eco-warrior Ma Jun sees green shoots of hope

Exclusive | Trump, Cop29 and why Chinese eco-warrior Ma Jun sees green shoots of hope

Ma Jun is the director and founder of the Beijing-based NGO, the Institute of Public and Environmental Affairs (IPE), which leads a campaign for China’s environmental transparency through initiatives such as the Blue Map app. Ma was named one of the 100 most influential people in the world by Time magazine in 2006 and worked … Read more

China’s deadly car attack suspect may own building materials store, database suggests

China’s deadly car attack suspect may own building materials store, database suggests

The suspect in Monday night’s deadly car attack in Zhuhai is the owner of a construction materials store, according to registration information obtained by the South China Morning Post. In all, 35 people were killed and 43 others injured in what police in the southern Chinese city labelled as a “major malicious case”. The suspect … Read more

Hyogo’s Finest: Gourmet in Japan

Hyogo’s Finest: Gourmet in Japan

[The content of this article has been produced by our advertising partner.] Hyogo Prefecture, nestled between verdant mountains and pristine seas, offers a culinary adventure that extends far beyond its famous Kobe beef. With premium seafood like Kasumi red snow crab, Akashi sea bream, and Awaji conger eel, it’s no wonder that food enthusiasts flock … Read more

China’s Chancay, Peru port project

China’s Chancay, Peru port project

China’s Chancay, Peru port project The Chinese-funded megaport in Chancay, Peru, may reshape Pacific trade, but has also made the United States uneasy. This two-part series looks at the development of the project, its impact on global trade, its social cost and the implications for the whole of the South American continent. Updated: 12 Nov, … Read more