Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement
  • Advertisement
    World

    Asia

    Today

    PwC is facing a crisis in China as partners brace for penalties over its audit of collapsed property developer Evergrande.

    PwC braces for China crisis and a hefty fine

    PwC’s role in approving accounts for troubled property developer Evergrande has led to infighting at the big four firm as clients reconsider their relationship.

    • Stephen Foley, Sun Yu and Cheng Leng

    Yesterday

    Today’s rulers of China see cautionary tales in consumer-driven American capitalism.

    Why China is reluctant to help consumers spend more

    China’s rulers see cautionary tales in consumer-driven American capitalism. They aspire to build a manufacturing superpower rather than a rich consumer society.

    • Yanmei Xie
    The Singapore Airlines flight from London had to make an emergency landing after the sudden drop in altitude left one dead and dozens injured.

    Passengers describe horror of Singapore Airlines jet plunge

    Eight Australians are among the injured after severe turbulence flung passengers and crew around the cabin and forced the plane to land in Bangkok.

    • Updated
    • Ayesha de Kretser

    What is in-flight turbulence, and when does it become dangerous?

    While turbulence-related fatalities are quite rare, injuries have piled up over the years. Some meteorologists have linked an increase in reported incidences to climate change.

    • Wyatte Grantham-Philips

    This Month

    Russian President Vladimir Putin and Chinese President Xi Jinping leave a concert marking the 75th anniversary of the establishment of diplomatic relations between Russia and China.

    China and Russia have one bed but different dreams

    Russian weakness has enabled China to emerge as Eurasia’s dominant power. But it also limits the partnership of the two.

    • Geoff Raby
    Advertisement
    Emmanuel Macron and Xi Jinping in France earlier this month.

    China hints at retaliation in worsening trade clash with Europe

    If the two sides start imposing tariffs on each other, it would increase risks for companies around the world already dealing with the US-China trade dispute.

    • Zheping Huang
    Taiwan’s new President Lai Ching-te, centre, Vice President Hsiao Bi-khim, right, and former president Tsai Ing-wen wave during Lai’s inauguration ceremonies in Taipei.

    Taiwan’s new president warns China’s threats ‘will not disappear’

    Lai Ching-te will build on his predecessor’s efforts to strengthen ties with the US, which is bound by its own laws to provide the island with the means to defend itself.

    • Updated
    • Jessica Sier
    Pedestrians in Hong Kong’s Tsim Sha Tsui. Consumer and technology groups listed in the city are trading at a big discount, some fund managers say.

    Australian investors snag Hong Kong bargains as share prices surge

    Fund managers see opportunities, with Chinese authorities promising measures to stop a long-term outflow of money from one of Asia’s biggest sharemarkets.

    • Jessica Sier
    Elon Musk will also sign an agreement on enhancing connectivity in the country’s health and education sectors.

    Musk in Bali to launch Starlink satellite internet service

    The billionaire head of Tesla and SpaceX and owner of social platform X to launch the service alongside outgoing Indonesian President Joko Widodo.

    • Updated
    • Firdia Lisnawati and Niniek Karmini
    A Geely Zeekr 001 EV at the Zeekr Centre in Shanghai. The shift in the US approach towards China from engagement to full-throttle competition is no longer in doubt.

    The US-China trade war has helped polarise ASEAN

    Regardless of their alignment or dependence on one side or the other, South-East Asian states need to stay focused on their common regional interests.

    • Joseph C. Liow
    Residential buildings developed by Country Garden in Yangzhou.

    China unveils dramatic steps to rescue property market

    China announced a slate of measures aimed at reinvigorating its ailing property industry and stabilising growth in the world’s second-largest economy.

    • Updated
    • Amanda Wang
    Chinese President Xi Jinping

    China-US clean energy trade war could get dirty

    History suggests Beijing will reply in kind and lift tariffs on a range of American exports, which will raise the stakes once again in their long-running tit-for-tat tussle.

    • Jessica Sier
    China has decided that the state owned developers will survive.

    China’s housing mess has finally reached Xi Jinping

    The president is stepping in to help the country’s beleaguered developers. But only the state-owned players who are critical to his power base.

    • Shuli Ren
    Xi Jinping and Vladimir Putin  review the honour guard during an official welcome ceremony.

    Xi tells Putin their nations’ ties should last ‘generations’

    The Chinese president said his country was “ready to work with Russia as a good neighbour, friend and partner with mutual trust”.

    • jing Li
    A Chinese fighter jet takes off from an aircraft carrier near Taiwan.

    China’s military incursions inch closer to Taiwan

    An increasing number of Chinese military planes and vessels have staged drills that have alarmed Taiwan, as it prepares to inaugurate its new president.

    • Yimou Lee
    Advertisement
    ‘Dear friends’ Xi Jinping and Vladimir Putin at the Kremlin in 2019.

    Putin to meet ‘dear friend’ Xi in China, defying US

    The Russian president is set to arrive in Beijing, underlining the key relationship as China faces growing US pressure to curtail support for the war in Ukraine.

    • Greg Torode and Guy Faulconbridge
    A worker processes nickel at a smelter near Sorowako on Sulawesi island in Indonesia.

    Stellantis, Vale in nickel talks in Indonesian coup

    The smelter deal would bring a rare Western investor to Indonesia, the world’s biggest producer of a commodity critical to making electric cars.

    • Updated
    • A. Anantha Lakshmi and Harry Dempsey
    Voters queue at a polling station during the fourth phase of voting for national elections in Kanpur, Uttar Pradesh.

    Religious tensions rise as India election passes halfway mark

    The world’s most populous nation began voting on April 19 in a seven-phase election in which nearly one billion people are eligible to vote.

    • Rishika Sadam and Fayaz Bukhari
    A freeway under construction in Jinan, China. Beijing is raising money to fund more infrastructure spending.

    China kicks off bond sale to fund stimulus

    Government spending in infrastructure will be key to ensuring China achieve its growth target of about 5 per cent this year.

    • Helen Sun
    Lawrence Wong is set to become Singapore’s new prime minister.

    ‘Nothing to see here’ as Singapore gets new PM

    Lawrence Wong is considered a safe pair of hands. But Singapore is facing many challenges that need radical new ideas rather than technocratic continuity.

    • Michael Barr