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Yesterday

Indonesia’s incoming president Prabowo Subianto meets Xi Jinping at the Great Hall of the People in Beijing.

‘Old friend’: Indonesia’s Prabowo meets Xi in first foreign trip

Indonesia’s president-elect, Prabowo Subianto, met China’s President, Xi Jinping, in Beijing on Monday on his first foreign trip since his election.

  • Ryan Woo

This Month

Sam Altman, chief executive officer of OpenAI.

OpenAI to open Tokyo office as part of global expansion

The Japan office will be its first in Asia. It will be the third international location after opening offices in London and Dublin last year.

  • Shirin Ghaffary and Akemi Terukina
Motorcycle traffic in Bangkok.

World Bank warns of slowing growth across Asia amid China slump

The drag is partly due to the expected deceleration in the world’s second-largest economy, whose expansion is forecast to slow to 4.5 per cent this year.

  • Claire Jiao
President Xi Jinping. China’s twin goals of economic modernisation and internal stability are inextricably linked, but circumstances and leadership calculations change the weight given to each objective.

China has prioritised security over economic growth

The US must avoid setting its strategic goals in a way that implies it is trying to keep China eternally weak and isolated.

  • Updated
  • David Lampton and Thomas Fingar
Chinese President Xi Jingping, and BHP chief economist Huw McKay (inset)

BHP executive criticises Xi, predicts China’s decline

Chief economist Huw McKay says Xi Jinping’s ideological grip over state-owned enterprises is hurting the Asian superpower.

  • Aaron Patrick and Michael Smith
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A worker assembles an SUV at a car plant of Li Auto, a major Chinese EV maker, in Changzhou.

China’s factory expansion is new sign of recovery

While the industrial sector expanded for the first time in six months, China is still grappling with a deep property slowdown and weak investor confidence.

  • Fran Wang
A worker processes nickel at a smelter near Sorowako on Sulawesi island in Indonesia.

Indonesia vows to speed up nickel output despite global glut

A deputy minister says the government wants to expand nickel production to achieve “price equilibrium” to support sustainable demand for EV batteries.

  • A. Anantha Lakshmi

March

Australian wines on display at a Shanghai expo in November in 2020. Exports of wine stopped abruptly after that when Beijing introduced punitive sanctions.

China’s trade coercion tactics on ice as wine tariffs removed

With the end of the tariffs, Australia is being lauded as an example in other sanction-hit countries like Japan, Korea and Taiwan of how to stand up to Beijing’s bullying.

  • Updated
  • Michael Smith
Part of the much-delayed, China-funded East Coast Rail Link project in Bentong, Malaysia.

‘Cost blowouts’: China fails to deliver megaprojects

China is unlikely to meet $77 billion in Belt and Road Initiative commitments in South-East Asia, research shows.

  • Michael Smith
Chinese President Xi Jinping extended formal invitations to meet with American CEOs last week.

Xi Jinping meets with American CEOs as trade tensions rise

China is seeking to shore up confidence amid a slowdown in foreign investment, which slumped to a 30-year low last year by one measure.

  • James Mayger
David Cheng-Wei Wu, director-general of the Taipei Economic and Cultural Office – Taiwan’s de facto consulate.

Keating succumbs to Chinese ‘grey zone’ influence: Taiwan

One of Taiwan’s top diplomats says former prime minister Paul Keating fell victim to Chinese “grey zone” influence.

  • Jessica Sier
Japan is working with Italy and the UK to develop an advanced fighter jet to replace its ageing fleet.

Japan approves plan to sell fighter jets to other nations

Japan has long restricted arms exports under the country’s pacifist constitution, but has taken steps to deregulate amid rising regional and global tensions.

  • Mari Yamaguchi
Korean leader Kim Jong-un is surrounded by soldiers during a visit to his top tank unit.

North Korea claims Japan’s PM wants summit with Kim to ease tensions

The powerful sister of North Korean leader Kim Jong-un said Japanese Prime Minister Fumio Kishida communicated his intention to meet with the reclusive leader.

  • Hyung-Jin Kim and Kim Tong-Hyung

High-flying Hong Kong bankers become a lost generation

Out of work or facing deep salary cuts, some fear that this is not even rock bottom as US-China geopolitical tensions fracture capital markets.

  • Lulu Yilun Chen and Denise Wee
Japan’s Self-Defence Force soldiers take part in a military drill with the French army and US Marines in Ebino, southern Japan.

US, Japan plan biggest security upgrade in more than 60 years

Joe Biden and Fumio Kishida are to announce the move to counter China at a White House meeting next month.

  • Demetri Sevastopulo and Kana Inagaki
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AMD chips are being phased out of government PCs and servers.

Beijing blocks use of Intel and AMD chips in government computers

The stricter government procurement guidance also seeks to sideline Microsoft’s Windows operating system and foreign-made database software in favour of domestic options.

  • Ryan McMorrow, Nian Liu and Qianer Liu
The IMF’s Kristalina Georgieva says with a “comprehensive package of pro-market reforms”, China could add 20 per cent, or $US3.5 trillion  to its economy over the next 15 years.

China at ‘fork in the road’ on reforms to boost demand

IMF head Kristalina Georgieva says the world is heading for subdued growth.

  • Updated
  • Joe Leahy
China’s property crisis has crippled the economy.

China scrutinises PwC role in $118b Evergrande fraud case

Authorities are examining the role of PwC in China Evergrande Group’s accounting practices after the developer was accused of fraud.

  • Bloomberg News
An ageing population is likely to keep interest rates at low levels.

As Japan lifts interest rates, the real tests are yet to come

It is what the US Fed does rather than the Bank of Japan that will decide whether the country returns to solid growth or not.

  • Robin Harding
Police officers stand guard outside the Legislative Council in Hong Kong.

‘Raided, arrested’: Hong Kong security law threat to Western business

The measures, which further tighten national security laws imposed by Beijing in 2020, fuelled concerns about Hong Kong’s future as Asia’s business hub.

  • Updated
  • James Warrington and Sarah Newey