国泰航空的麻烦 不止一个!背后的隐形豪门已富过六代

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国泰航空又出事了。这家公司过去几年出了不少事情。说到国泰航空,很多人可能并不真正了解。很多人可能以为这是一家中国公司,其实并不是如此。国泰航空背后三大股东,分别是太古集团、中国航空、卡塔尔航空,而真正占据控股地位就是太古集团了。

太古集团可是一家非常庞大的财团,业务种类非常繁多,涉及地产、航运、航空、饮料、工程等等。很多人可能不知道,在中国瓶装的可口可乐业务就是属于太古集团的。另外很多人喝咖啡会下的方糖也是太古生产的。在中国很多知名的地产项目也是太古集团开发的,比如说成都著名的远洋太古里,还有广州著名的太古汇。

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太古集团背后则是一个隐形豪门,那就是英国的施怀雅家族了,这个家族已经富过了六代人,可是如今你在全球任何一个财富榜上都看不到他们的名字。可是他们家族光是地产收租的收入每年就超过了100亿。整个家族至少资产得数千亿,甚至是更多。可是财富榜却始终无法追踪他们的财富。

100多年之前,中国还是处于清朝的时候,施怀雅家族就到中国经商了。那个时候英国是日不落帝国,很多英国人也随着英国的舰队在全球各地去做生意。事实上在200多年之前,施怀雅家族在英国的利物浦成立了公司,并且通过贸易生意积累家族的财富。

到了清朝末年的时候,施怀雅家族开始来到了远东发展,他们把中国的茶叶、陶瓷、丝绸等商品卖回到欧洲,赚取了巨额的利润。1866年,施怀雅家族收购了布鲁尔洋行,并且改名为太古洋行。

到了19世纪后期的时候,太古洋行控制的航运生意,已经成功控制了中国长江领域的上下游了。当时可以跟太古洋行对抗的只有中国本土的轮船招商局了。之后施怀雅家族又陆续进入了航空、地产、工程、饮料等等领域,获得了巨大的成功。

他们也把总部搬到了香港,并且在香港扎根发展。50年代之后,太古洋行已经跟怡和洋行等齐名,成为了香港有名的四大洋行。

利用香港人口暴涨的时候,太古也是积极投入房地产生意,在五六十年代赚得是盆满钵满。在房地产获得成功之后,他们又积极投资商业地产,开发了一系列优秀的商业物业,同时他们在80年代之后,把投资触角再次涉及内地。

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如今太古集团年营收超过了800亿,利润超过了300亿,依然是全球最大的财报之一。在太古集团的支持下,施怀雅家族也是成功富过了六代人。如今太古集团依然是施怀雅家族成员控制的。光是在地产板块,他们一年的租金就在120亿左右。

香港曾经大名鼎鼎的四大洋行,会德丰跟和记黄埔都被华资给收购了。会德丰在1985年被包玉刚给收购了。几年之前,包玉刚的女婿吴光正也把会德丰跟私有化了。和记黄埔则是在1978年被李嘉诚给收购了,成为了李嘉诚家族成功。

2015年的时候,李嘉诚把长江实业跟和记黄埔成功重组,变成了如今的长和集团跟长实集团。也就是说如今香港四大洋行的时代已经一去不返了,而且也就剩下怡和跟太古这两家公司了。

可是不得不说怡和跟太古依然是实力非常强大,每年的利润都是数百亿级别的。在中国本土也找不到几家可以跟他们对抗的私人企业了。

其实施怀雅家族这样的豪门才是真正的豪门,他们不会出现在财富榜上,但是他们却是真正的有钱,而从200多年前开始到现在,已经富了六代人了,在中国很难找不到这样的家族。

国泰航空的麻烦,不止一个

国泰航空这次惹上了大麻烦。5月22日有网友实名举报国泰航空空乘歧视非英语乘客,在其放出的一段视频中,有疑似为空乘人员的声音用英文说“如果你不会说毛毯的英文,那你就没办法拥有毛毯(If you cannot speak blanket, you cannot have it)”,周遭还传来疑似其他空乘的笑声。

在这之后,国泰航空从22日晚到24日,连发三条道歉声明,从一开始表示“将严肃调查处理”,到“暂停有关人员飞行任务”,再到“对涉事空中服务员予以解聘”,期间,国泰航空行政总裁林绍波公开致歉,全程用普通话表示将作全面检讨,但也难消众怒。

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一条毛毯、三位空乘、无数批评,就这样国泰航空再次深陷舆论漩涡。

其实过去几年,国泰航空可以说是热搜上的常客。一位知名电视主持人曾公开喊话国泰航空,“真是对不起这个名字……还是善意的提醒一句吧,no zuo no die”。

除了事件本身,外界对国泰航空还有许多好奇——这到底是谁的公司?过去三年活得如何?在国内航空公司中又属于怎样的存在?

1

谁的国泰航空?

成立于1946年的中国香港,国泰航空在过去77年时间里一直以中国香港为总部。2019年以前国泰航空曾是全球第八大国际客运航空公司及第三大国际货运公司。

资产规模上,截至2022年末,国泰航空连同其附属公司共拥有222架飞机,旗下客运及货运航线前往全球38个国家和地区共计82个目的地,其中包括位于中国内地的14个目的地。

人员方面,国泰航空及其附属公司在全球有2.12万名员工,其中在香港雇有员工约1.74万人。

那么国泰航空的背后是谁?

最新数据显示,国泰航空最大股东是持股45%的太古股份,其次是通过众多公司合计间接持股29.99%的中国国航(国泰航空也持有中国国航16.26%的股权),且太古股份和中国国航为一致行动人,之后是持股9.99%的卡塔尔航空和持有6.47%优先股的香港财政司。

在持股比例最高的太古股份背后,是拥有180多年历史的英国太古集团,太古股份只是集团下属的一个投资控股公司,主要经营地产、饮料和航空三个重要业务板块。

2022年年报显示,太古股份全年收入914.77亿港元,净利润41.95亿港元,自2020年受外部环境影响大亏百亿后,正处于业绩逐步修复的阶段。

具体来看,太古地产板块拥有多个购物商场,包括香港太古广场和太古坊,是香港最大的商用物业业主和零售物业运营商之一,在内地的购物商场则遍布北京、广州、成都、上海、西安和三亚,比如大家所熟知的“三里屯太古里”“成都远洋太古里”“前滩太古里”“颐堤港”等等。

太古股份的饮料业务同样规模可观,截至2022年末,其在大中华区、美国和柬埔寨的专营区域经销可口可乐公司系列产品,受众达到7.82亿人口,经销品类包括21种碳酸饮料品牌和37种非碳酸饮料品牌。

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2022年内太古可口可乐刚刚收购了柬埔寨及越南的可口可乐专营业务,将其瓶装业务扩展至东南亚,还重组了中国内地的不含汽饮料生产业务。

航空业务方面主要就是国泰航空及其附属公司,但近几年,受大环境等因素影响,始终是一个持续亏损的存在。

2017年以来太古股份饮料业务带来的收入逐渐成为业绩主力,2022年创收542.23亿港元,占比近六成,其次是137.88亿港元和138.28亿港元的房地产业务和航空业务,占比均在15%左右。

已有业务之外,太古公司还瞄准了私营保健服务领域,在年报中披露,“未来将继续在私营保健服务领域寻求投资机遇,特别在中国内地的主要城市群一带及东南亚。”

太古股份的这些收入,都从哪些地方赚来的呢?

按地区划分收入来源,太古股份2022年的收入中,有38%来自内地,19%来自香港,合计占比达到57%;如果剔除国泰航空和环球海洋业务,太古股份经常性盈利中则有46%来自内地,34%来自香港,合计占比达到80%。

在国泰航空2020年开始持续亏损的背景下,来自内地和香港的经常性溢利成为太古股份相当重要的业绩支撑。

截至当前,太古公司已经成为香港规模最为庞大、历史最悠久的雇主之一,在香港聘用超2.9万名员工,在内地的员工人数则超过3.5万人,全球员工接近8万人。

2
亏损三年,最难的日子刚刚过去

就像全球众多航空公司一样,过去三年对国泰航空的打击也是巨大的。

业绩趋势来看,直到2019年,国泰航空收入虽有一定波动,但整体已基本稳定在千亿港元的规模,净利润方面有一定波动,但亏损年份也相对有限。

2020年受客观环境影响,国泰航空收入大跌56.13%,直接拦腰砍半,成本却居高不下,全年亏损218.79亿港元,这之后的2021年和2022年都属于收入挣扎上涨,亏损努力收窄的“回血”阶段。

年报显示,2022年下半年国泰航空业绩已有大幅改善,在产生正向现金流的同时还有所盈利,2022年12月,其可载客量已相当于上半年的八倍,但其实还只是2020年前的三分之一;可载货量则在2022年末达到2020年前的三分之二。

事实上,内地对国泰航空近几年的业绩有越来越高的重要性。

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由内地经香港枢纽前往澳洲、英国及美国等长途航点的过境客运量(尤其是学生),成为2022年国泰航空的重要客运来源。

资金方面,国泰航空2022年的带息债务整体规模有所减少,但182.77亿港元的流动资金相比146.43亿港元的流动带息债务,也只是小幅盈余,其整体债务净额与股东权益之比依然达到0.92,意味着每一元的股东投入,都对应着0.92元的带息债务。

年内国泰航空由经营活动产生的现金流量净额为178.36亿港元,如果要覆盖588.29亿港元的借款净额,需要3.3年才能还完,而这还是在2020年重组方案实施完毕的情况下。

2020国泰航空曾进行过一系列重组,过程中向香港特别行政区政府发行了195亿港元的优先股及分离认股权证,另由香港特别行政区政府提供78亿港元的过渡性贷款,同时向当时的股东增发117亿港元股份,这才免于破产度过了难关。

虽然目前仍处于业绩亏损、资金紧张的状态,但如果相比国内其他航空公司,国泰也不是最惨的。


▲(林绍波。图源/视觉中国)

以2022年和2019年的收入比较,国泰航空已经恢复至四成有余,高于国航、东航、海航30%-40%的水平,但次于南航、华夏航空、春秋航空和吉祥航空,居于中位。

对比当前亏损金额与总收入,国泰航空2022年净利润为-63.98亿元,净利率为-14.03%,是上述多家航空公司中亏损幅比率最低的。作为对比,国航、东航、南航的亏损金额均在300亿元以上,亏损幅度则在37%至78%之间。

所幸国内各大航空公司2023年以来的运营数据都在好转,国航、南航、东航和海航的最新一季报显示亏损已较上年同期有大幅收窄,国泰航空最新4月份客运量数据也显示,4月份载客138.12万人次,单日最高人次5.32万人,为2020年以来新高。

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只可惜业绩刚刚有明显好转,就发生了如此不愉快的事情。

3

业绩和管理,都需要“重生”

事实上这已经不是国泰航空首次出现类似事件,2019年一位知名电视主持人就曾公开喊话国泰航空,“听说有些人一听到普通话就假装听不懂……no zuo no die”。

但多年过去国泰航空在这方面的管理显然并未有明显改善。

此次事件还有一个细节,即发布视频的博主表示,自己此次搭乘从成都飞往香港的国泰航空CX987航班,使用的机票其实是大湾区赠票。与此对应的,是2023年初香港机场管理局推出的活动,计划派发50万张机票给来自各地的旅客,其中就包括从成都飞往香港的航班。

目前经过多方督促整改,有网友表示自己乘坐24日国泰的航班时,乘务员已经在挨个问机上旅客要不要毛毯,播报则用的是英语、粤语和普通话。

过去几年,国泰航空可以说是热搜上的常客,且多与负面信息相关。

2020年10月,在因管理不善而在全球最佳航空公司排名中跌出三甲后,国泰航空宣布了重组计划,裁员规模达到8500个,占集团总人数的24%,这直接将香港失业率推升0.1个百分点。

在2022年年报开头的主席致函中,国泰航空主席贺以礼表示,“我们一直透过加强香港与内地,及世界各地的联系推动香港经济发展,角色举足轻重。”

在经济逐步恢复、旅客量快速上涨的当下,国泰航空显然正处于能够快速改善业绩的关键阶段,但如果从更长期的视角来看,如何在更大范围上进行“自我修复”,也是国泰航空需要面对的问题。

来源: 市界/担扑

Ken Chen Photography

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  始建于宋末元初,已有800多年历史的丽江古城,犹如一颗绚丽的宝石,镶嵌在滇西北大地上。丽江古城历史上是滇西北政治经济文化的中心,是汉唐时代通往印度、尼泊尔等地的南方丝绸之路和茶马古道上的重镇。历史的烟云拂过,积累厚重的文化底蕴。让我们走进这座历经数世纪的洗礼而形成独特肌理与人文特征的古城,探究其独特的文化魅力。

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华南等地部分地区将有大到暴雨 黄淮江汉等地有高温天气

  中新网6月10日电 据中央气象台网站消息,昨日广东、福建等地出现强降雨,华北、黄淮等地出现高温天气。预计未来三天,华南、云南等地部分地区有中到大雨,局地有暴雨或大暴雨,广东、广西、海南等地有暴雨灾害中低风险,局地可能发生城乡积涝、山洪和地质灾害;江汉、江淮及新疆等地有高温灾害中低风险,户外活动可能发生中暑,新疆北部发生局地融雪型洪水和地质灾害的可能性大;11日至12日河南、山东、山西、陕西等地部分地区有小雨,防范对小麦收获晾晒的影响。

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华南等地暴雨如注 长江中下游高温增多闷热加剧

  中国天气网讯 本周末,中东部地区将继续延续雨-高温-雨的天气格局,华北、黄淮、华南等局地强对流天气频繁。而在南北雨区之间的长江中下游等地,高温闷热天气将发展增多。今天(6月10日),山东、辽宁、海南等地高考还在继续,提醒当地考生和家长注意防范降雨、强对流天气等对交通出行的不利影响,合理规划赴考路线。

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Match-fixing scandal echoes around China’s snooker halls

Ban of top players raises questions about sport’s future in one of its biggest markets

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Canadian official investigating Chinese election ‘meddling’ resigns abruptly

David Johnston blames resignation on ‘highly partisan atmosphere’ surrounding his investigation in China’s alleged election interference

A Canadian official appointed to investigate allegations that China attempted to subvert the country’s federal elections has abruptly resigned, blaming the “highly partisan atmosphere” surrounding his work.

David Johnston was appointed in March amid concerns that Justin Trudeau’s government had failed to respond adequately to the threat of foreign interference in the last two elections.

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China successfully tests parachute system, narrowing rocket debris landing area by 80%

China has successfully tested a parachute system during a recent launch of a Long March-3B carrier rocket, confirming an ability to narrow the landing area by 80 percent, making the landing more precise.

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Embassy spokesperson on the wrongful remarks related to China by Prime Minister Rishi Sunak

Such allegation related to China from the UK side is malicious groundless smearing. The Chinese side strongly deplores it.

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国家防总启动防汛四级应急响应

  中新网6月10日电 据中华人民共和国应急管理部微信公众号6月10日消息,国家防总启动防汛四级应急响应,国家防总办公室、应急管理部调度指导广西防汛救灾工作。

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Xi urges Inner Mongolia to pursue green development, advance Chinese modernization

From June 7 to 8, after the inspection tour in Bayannur City and presiding over a symposium on strengthening comprehensive prevention and control of desertification and promoting the construction of such key ecological projects as the Three-North Shelterbelt Forest Program, Xi went on a fact-finding mission to Hohhot, accompanied by Sun Shaocheng, secretary of Party committee of Inner Mongolia Autonomous Region, and Wang Lixia, the autonomous region's chairwoman.

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海报 | 习近平心系文化和自然遗产保护

  一直以来,习近平高度重视中华优秀文化和自然遗产的保护工作,为《福州古厝》作序、保护三坊七巷、多次踏访历史文化古迹,强调历史文化遗产的保护与传承。

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河南麦收进度96.6%!已收获小麦8235万亩

  记者从河南省农业农村厅了解到,截至6月10日8时,河南省已收获小麦8235万亩(约占全省种植面积的96.6%)。其中:安阳390.7万亩(89.2%),濮阳262万亩(73.8%),焦作210万亩(83.7%),鹤壁115万亩(85.4%),三门峡72.2万亩(63.1%),济源24万亩(73.3%)。

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时政微视频丨无古不成今

  万物有所生,而独知守其根。历史文化遗产和自然遗产的保护,事关中华文明的传承与发展。

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网暴应专门立法规制?人大代表曾呼吁,法学学者称需斟酌

  澎湃新闻资深记者 林平

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中方驳斥:无中生有、信口雌黄、恶意诋毁!

  驻英国使馆发言人就英国首相苏纳克涉华错误言论答记者问

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焦点访谈:问题清单变满意答卷

  央视网消息(焦点访谈):“群众利益无小事。”一件件民生“小事”,看起来很琐碎,但是对老百姓而言,那都是关乎切身利益的大事。怎样把民生“小事”解决好,考验着政府的能力和决心。在深圳有这样的一个“民意速办”平台,目标就是“把简单留给群众,把复杂留给政府”。市民手机登录,输入诉求,涉及的部门就要主动作为,把老百姓遇到的“麻烦事”一次办好。深圳这样的超大城市,一个平台如何来解决老百姓的众多诉求?老百姓“一键下单”,如何调动相关部门协调解决呢?我们一起走进深圳的“民意速办”平台。

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村里的事情大家商量着办(千万工程 一线探访)

  漫步浙江省杭州市余杭区径山镇小古城村,田间稻浪滚滚,茶园绿意盎然。彩虹滑道、露营营地……一处处休闲场景和田园风光融为一体。

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【关注】在这所百年名校,中央统战部组织香港专业人士共话“一国两制”!

  今年是贯彻党的二十大精神的开局之年,也是香港由乱到治走向由治及兴的关键一年。党的二十大报告深刻指出:“发展壮大爱国爱港爱澳力量,增进港澳同胞的爱国精神,形成更广泛的国内外支持‘一国两制’的统一战线。”

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举报骗保有奖励,国家医保局累计兑现703万元

  本报北京6月9日电 (记者李丹青)记者从国新办今天召开的加强医疗保障基金使用常态化监管国务院政策例行吹风会上获悉,国家医保局把加强医保基金监管作为首要任务,初步构建起了打击欺诈骗保的高压态势。截至2023年4月,累计检查定点医药机构341.5万家次,处理162.9万家次,追回医保资金805亿元。同时,落实举报奖励制度,累计兑现举报奖励资金约703万元。

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图文故事|关于文化和自然遗产保护,习近平总书记念兹在兹

  6月10日是我国第七个文化和自然遗产日。文化和自然遗产的保护、传承与弘扬,在习近平总书记心中重若千钧。总书记前往历史文化古迹、自然遗产地调研,强调文化和自然遗产保护工作的重要性。

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遏制室内装饰装修违法违规行为 住建部明确8个要求

  中新网6月10日电 住建部网站6月9日发布《住房和城乡建设部关于进一步加强城市房屋室内装饰装修安全管理的通知》。为进一步加强城市房屋室内装饰装修安全管理,坚决遏制室内装饰装修违法违规行为,保障人民群众生命财产安全,维护社会和谐稳定,《通知》明确了8个方面的具体要求:

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Policies to optimize power battery industry

China will continue optimizing its power battery industry management policies to further facilitate the rapid development of the sector, said a government official on Friday.

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把握战略定位坚持绿色发展 奋力书写中国式现代化新篇章——习近平总书记在内蒙古考察时的重要讲话在广大干部群众中引起强烈反响

  央视网消息(新闻联播):习近平总书记近日在内蒙古考察时强调,要牢牢把握党中央对内蒙古的战略定位,以铸牢中华民族共同体意识为主线,坚持发展和安全并重,坚持以生态优先、绿色发展为导向,在建设“两个屏障”、“两个基地”、“一个桥头堡”上展现新作为。总书记的重要讲话在广大干部群众中引起强烈反响,大家表示,要完整、准确、全面贯彻新发展理念,不断增强民族边疆地区群众的获得感、幸福感、安全感,把主题教育走深走实,奋力书写中国式现代化新篇章。

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习近平同南非总统拉马福萨通电话

  新华社北京6月9日电 6月9日晚,国家主席习近平应约同南非总统拉马福萨通电话。

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“让历史文脉更好地传承下去”

  中国文化源远流长,中华文明博大精深。

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首届中国国际供应链促进博览会将在北京举行(权威发布)

  今年11月28日至12月2日,以“链接世界,共创未来”为主题的首届中国国际供应链促进博览会(以下简称“链博会”)将在北京中国国际展览中心顺义馆举行。首届链博会由中国国际贸易促进委员会主办,由中国贸促会所属的中国国际展览中心集团有限公司承办。6月9日,国新办举行新闻发布会,中国贸促会会长任鸿斌等介绍链博会筹备情况。

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共建“一带一路”助力构建开放型世界经济(国际论坛)

  中国继续同沿线国家高质量共建“一带一路”,必将不断增进开放合作,促进互利共赢、共同发展

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保护传承文化遗产 推进文化自信自强

  6月2日,习近平总书记考察中国历史研究院,出席文化传承发展座谈会并发表重要讲话。习近平总书记强调:认识中华文明的悠久历史、感知中华文化的博大精深,离不开考古学。要实施好“中华文明起源与早期发展综合研究”、“考古中国”等重大项目,做好中华文明起源的研究和阐释。

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Microsoft to move AI experts from China to Canada

Beijing-based researchers apply for visas to move to Vancouver amid geopolitical tensions

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General Atlantic says China remains strong bet despite US tensions

US private equity firm is seeking new investments on the mainland even as some other western groups retreat

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Disney’s Little Mermaid flops in China amid racist backlash over casting

Poor box office performance reflects broader challenge for Hollywood as it vies with domestic productions

The poor performance of Disney’s The Little Mermaid at the Chinese box office has reopened questions on Hollywood’s increasing difficulties in the world’s second-largest economy and the role racism has played in the film’s reception.

The live action remake has grossed just $3.6m (£2.9m) since its release in Chinese cinemas on 26 May, according to Box Office Mojo.

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Neil Shen goes it alone in China after Sequoia split

Billionaire founder takes on challenge after break-up of partnership with US

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Türkiye starts producing high-speed subway trains with Chinese collaboration

The signature ceremony of the localized manufacturing project of the Istanbul Airport Line was held on Wednesday in Ankara, the capital of Turkiye. This project is a collaboration between Turkish and Chinese companies. It will produce Turkiye's first and fastest unmanned high-speed subway train.  

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'C. Ronaldo of Yushu' and his 39 friends fulfill their dreams in Beijing

After traveling some 2,500 km, 40 Tibetan kids from a welfare home on the around 4,500-meter-high Qinghai-Tibet Plateau finally set foot on China’s top-level football stadium in Beijing on June 2.

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Iris lactea flowers bloom on grassland

Cattle forage on a grassland with blooming iris lactea flowers in northwest China's Xinjiang Uyghur Autonomous Region.

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China launches experimental satellite

A Kuaizhou 1A carrier rocket carrying a Longjiang 3 experimental satellite, China's first plate-shaped satellite, blasts off from the Jiuquan Satellite Launch Center in northwest China, June 9, 2023.

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China plans new rules to regulate file sharing services like Airdrop and Bluetooth

Under the proposal, service providers would have to prevent the dissemination of harmful and illegal information, save records and report their discoveries

China is planning to restrict and scrutinise the use of wireless filesharing services between mobile devices, such as airdrop and Bluetooth, after they were used by protesters to evade censorship and spread protest messages.

The Cyberspace Administration of China, the country’s top internet regulator, has released draft regulations on “close-range mesh network services” and launched a month-long public consultation on Tuesday.

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Six-day welfare initiative to benefit 40 Tibetan children for lifetime: Yushu official

An official from Yushu Tibetan Autonomous Prefecture, northwest China's Qinghai Province expressed his thanks to an initiative for 40 kids from a local welfare home, saying it will benefit the children for a lifetime.

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Hong Kong protest anthem tops iTunes chart after government seeks court ban

Residents rush to download ‘Glory to Hong Kong’, which was taken up by 2019 pro-democracy movement

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Chinese scientists achieve first-ever complete recording of a massive star's death

Chinese researchers have unveiled the mystery behind a massive explosion some 2billion years ago by analyzing over 60,000 gamma photons captured by China’s Large High Altitude Air Shower Observatory (LHAASO).

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Taiwan authorities obstruct peaceful mainland student visit

Taiwan's pro-reunification Labor Party has strongly condemned Taiwan authorities for obstructing an island-based foundation from inviting Chinese mainland university students for an exchange program in Taiwan.

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Huawei says sorry over private call to EU industry tsar

Also in this newsletter: why German minister is not worried about the far-right’s rise

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China's top court releases guideline against cyberbullying

A draft guideline on fighting cyberbullying-related crimes and violations has begun soliciting public opinions on Friday, in a bid to effectively solve the problem that has become a big complaint.

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China releases professional ethic convention for film practitioners

China Film Association released professional ethics convention for film practitioners, vowing firm opposition to tax evasion, pornography, gambling and drugs.

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China to hold world's first supply chain-themed national expo

China will hold the first China International Supply Chain Expo in Beijing from November 28 to December 2 with the aim of providing an international platform for advancing orderly and efficient industrial synergy across countries.

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Guangdong Telecom still investigating network interruption

The Guangdong branch of China Telecom (Guangdong Telecom) apologized for inconvenience caused by the service interruption Thursday afternoon to its users and had fully restored the affected mobile users' voice service as of 7:30 pm on Thursday.

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Search for missing person continues after bridge collapses

Rescuers were still searching for a person who was washed away when an ancient bridge collapsed in Nanxiong city, Guangdong province, as of Friday noon.

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Dragon Boat Festival holidays to unleash new round of spending momentum

The coming three-day Dragon Boat Festival holidays are expected to spark another year-on-year surge in domestic travel and tourism, adding to the spending passion that was kindled by the May Day holidays last month.

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China's driverless high-speed subway project starts in Turkey

The opening ceremony for a driverless high-speed metro manufacturing project undertaken by CRRC was held in Ankara, Turkey on Wednesday, the country's first driverless metro project as well as China's first driverless metro project with a speed of 120 kilometers per hour to be constructed overseas.

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China places experimental communications satellite in orbit

China launched a Kuaizhou 1A carrier rocket on Friday morning at the Jiuquan Satellite Launch Center in the country's northwestern desert, placing an experimental communications satellite in orbit.

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Shipment of wearable devices hits 24.71m in China in Q1

The shipment of wearable devices reached 24.71 million in China in the first quarter of 2023, down 4.1 percent from same period of last year, according to a latest report from research firm IDC.

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China-linked businesses and investors seek comeback in India

Fashion brand Shein, maker of mobile game ‘BGMI’ and venture capital find ways back into world’s most populous market

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Global organizations raise expectations on China's economic growth

The Organization for Economic Co-operation and Development rose the economic growth expectation on China again in a report released on June 7 local time to 5.4 percent this year and 5.1 percent next year.

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Haixun 03 launches patrol mission to Xisha Islands for first time

2023 patrol mission to the Xisha islands was launched on Thursday.

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2023 gaokao concludes with hugs and flowers in parts of China

2023 gaokao concluded on Thursday in parts of China.

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Summer scenery in Jiuzhaigou lures tourists

Spectacular summer scenery in Jiuzhaigou National Park, a UNESCO World Heritage site in southwest China's Sichuan Province, June 8, 2023. Waterfalls, lush forests and serene plateau lakes attract many tourists.

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Existence of massive first-generation stars with 260 solar masses confirmed

A new study led by Chinese scientists has confirmed the existence of first-generation stars with 260 solar masses for the first time by finding evidence of the existence of pair-instability supernovae (PISNe).

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Accidents, fatalities in workplace, natural disasters see decrease

China has experienced a significant drop in the number of casualties involving workplace accidents or natural disasters since 2018, Wang Xiangxi, Minister of Emergency Management, said on Thursday.

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China's CPI up 0.2% in May

China's consumer price index, the main gauge of inflation, rose 0.2 percent in May on a yearly basis, data from the National Bureau of Statistics showed on Friday.

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AI chatbots take on gaokao essay question

AI chatbots like OpenAI's ChatGPT and Baidu's Ernie Bot have joined the millions of students taking the national college entrance exam, or gaokao, to write essays for the Chinese language exam.

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China's first independent deepwater oilfield cluster produces over 10 mln tons of crude oil

China's largest offshore oil producer China National Offshore Oil Corp (CNOOC) on Thursday announced that the Liuhua 16-2 oilfield cluster, China's first independent deepwater oil and gas project, has accumulated production of over 10 million tons of crude oil.

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Honduran President Xiomara Castro visits China

Honduran President Xiomara Castro arrived in Shanghai on Friday morning, starting her six-day visit to China.

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Colored wheat straws industry booms in Henan

Farmers began harvesting colored wheat in Huojia County, Xinxiang City, Henan Province on Tuesday.  

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Probes into problems in SOEs continue

A scandal involving a former official over a video clip showing him holding hands with a woman has once again sparked public attention in the fight against corruption in State-owned enterprises.

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China builds largest quake early warning system

China has finished building the world’s largest earthquake early warning system, shortening the delivery of earthquake information from a minute to a few seconds after an earthquake starts, said Min Yiren, head of the China Earthquake Administration (CEA), on Thursday at a press conference.

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Chinese censors take aim at AirDrop and Bluetooth

Authorities are relentlessly plugging the "cracks" in China's Great Firewall to quench dissent.

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Chinese college, enterprise cooperate to cultivate railway professionals for Malaysia

The China Communications Construction Company (CCCC) signed a cooperation agreement with the Liuzhou Railway Vocational Technical College in Guangxi Zhuang Autonomous Region on Tuesday to cultivate professionals for the East Coast Rail Link (ECRL) project in Malaysia.

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Chinese ministry vows targeted policy support in nationwide campaign to boost auto sales

The Chinese Ministry of Commerce (MOFCOM) announced on Thursday that it will organize promotional activities across the country to boost auto sales in the second half of the year, vowing, among others, targeted policy measures to support auto consumption.

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State banks cut yuan deposit rates to spur investment, consumption

Major Chinese state banks officially lowered their yuan deposit rates on Thursday for a second time since last September. The move is expected to ease pressure on profit margins and inject liquidity into the bricks-and-mortar economy, experts said.

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HK to ban seafood from high-risk regions near Fukushima if Japan dumps nuclear-contaminated water into ocean

Hong Kong will ban seafood from high-risk regions near Fukushima at once if Japan starts to dump nuclear-contaminated water from its crippled Fukushima Daiichi nuclear power plant into the Pacific Ocean, said Hong Kong's environment chief on Thursday.

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China approves world's first XBB-specialized COVID-19 vaccine as second wave nears end by June

A recombinant trivalent COVID-19 trimeric protein vaccine developed by WestVac Biopharma and West China Medical Center at Sichuan University, effective against the most recent XBB variants, has received emergency use approval in China.

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Reform and opening up achievements closely related to fine traditional Chinese culture: expert

The great achievements in reform and opening up are closely related to excellent traditional Chinese culture, Chen Lai, dean of the College of Chinese Ancient Studies, Tsinghua University, said at the Forum on Building up China’s Cultural Strength held on Wednesday in Shenzhen, Guangdong Province.

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China, Pakistan and Iran hold first meeting of trilateral consultation on counter-terrorism, security

China on Wednesday held a consultation meeting in Beijing with Pakistan and Iran on counter-terrorism and security, marking the first meeting of its kind.

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China's Hainan Airlines to ground female flight attendants who are 10% 'overweight'

China's Hainan Airlines has been accused of introducing a strict weight control policy for its female flight attendants. The policy mandates immediate grounding if their weight exceeds the "standard limit" by 10 percent.

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China reportedly reaches secret deal with Cuba to host spy base on island

Facility would allow Beijing to gather electronic communications from US but Cuba dismisses report as ‘unfounded’

China has reached a secret deal with Cuba to establish an electronic eavesdropping facility on the island roughly 100 miles (160km) from Florida, the Wall Street Journal has reported, but the US and Cuban governments cast strong doubt on the report.

Such a spy installation would allow Beijing to gather electronic communications from the south-eastern United States, which houses many US military bases, as well as to monitor ship traffic, the newspaper reported.

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Forum looks at ideas to boost culture

Hundreds of officials and scholars joined a major forum on Thursday to offer their ideas on how to strengthen China's cultural heritage.

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Uyghur student convicted after posting protests video on WeChat

Kamile Wayit, 19, sentenced in China for ‘advocating extremism’ by sharing footage of anti-lockdown unrest

A Uyghur student who was detained in Xinjiang in December after posting a video on WeChat of the “white paper” protests has been convicted of “advocating extremism”.

Kamile Wayit, 19, was detained in Atush on 12 December the day after returning home from university in Henan, a province in central China. She has not been heard from since, but last week a spokesperson from China’s ministry for foreign affairs confirmed to the Economist magazine that Wayit had been sentenced on 25 March “for the crime of advocating extremism”. The spokesperson did not confirm the length of the sentence but it can be up to five years.

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Taiwan’s ruling party rocked by sexual harassment claims

President apologises for second time in a week as politics and media embroiled in #MeToo allegations

Taiwan’s ruling party has been rocked by a wave of sexual harassment allegations, as the country grapples with a #MeToo movement that has encompassed politics and the media.

On Tuesday, President Tsai Ing-wen apologised for the second time in a week in response to sexual harassment claims against senior staff in the Democratic Progressive party (DPP). “Our society as a whole must educate ourselves again. People in sexual harassment incidents are victims,” she wrote in a Facebook post.

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Nearly ‘impossible’ to manufacture batteries without China

Also in today’s newsletter, US solar industry had its best first-quarter ever — and there’s no sign of a slowdown

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Craftsmen busy making boats for Dragon Boat Festival Guangdong

Dragon boat makers were spotted racing against time to fill orders ahead of the upcoming Dragon Boat Festival in Zhongtang Town of Dongguan, south China's Guangdong Province.

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LGBTQ+ event cancelled after threats – as it happened

This blog is now closed.

‘If it’s not in our national interest to do the deal, then we won’t

Murray Watt says Australia will walk away from the trade deal with the EU if it’s not in the national interest:

We would walk away if we can’t get the kind of agreement that we’re seeking. If we can’t get the kind of market access that we’re seeking. Then it’s not in our interest to do that deal.

Obviously our our strong preference is to have a deal reached to open up that market access for our agricultural producers and all sorts of other Australian goods and services producers. But if it’s not in our national interest to do the deal, then we won’t do it.

I actually spoke to Don Farrell, the trade minister, last night. He’s just finished two days of trade talks in Brussels … negotiations that he’s just undertaken have reached a difficult stage.

We’ve obviously been very clear about our position from the beginning of these negotiations that we really need to see some commercially meaningful expansion of new markets for our producers for this deal to be worth doing …

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US to link up with Taiwan and Japan drone fleets to share real-time data

Military co-ordination with Taipei is ‘taboo’ issue for China, analysts said

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Chinese banks slash deposit rates in bid to boost sluggish growth

Economic recovery from pandemic curbs has failed to pick up pace as consumers sit on savings

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19th China (Shenzhen) International Cultural Industries Fair kicks off

The 19th China (Shenzhen) International Cultural Industries Fair opened on Wednesday and will run through Sunday.

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Triple waterfalls cascade down mountain in Guizhou

With ample rainfall to Jiangkai River, triple waterfalls cascade down a mountain from more than 180 meters in Shibing County of Qiandongnan Miao and Dong Autonomous Prefecture, southwest China's Guizhou Province.

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Taiwan says 37 Chinese military aircraft entered its air defence zone

Dozens of Chinese fighters and bombers entered patrol area, says Taipei, in latest incursion by military

Taiwan activated its defence systems on Thursday after reporting 37 Chinese military aircraft flying into the island’s air defence zone, some of which then flew into the western Pacific, in Beijing’s latest mass air incursion.

China, which views democratically governed Taiwan as its own territory, has over the past three years regularly flown its air force into the skies near the island, though not into Taiwan’s territorial airspace.

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Russia ratifies agreement on natural gas supply

The upper house of the Russian parliament, approved the law on ratification at a plenary session on Wednesday

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Number of workplace casualties drops

China has experienced significant drops in casualties from workplace accidents and natural disasters since 2018, said Wang Xiangxi, minister of emergency management, on Thursday.

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China's outstanding green loans reach 25 trillion yuan: PBOC governor

China's outstanding green loans in both local and foreign currencies have exceeded 25 trillion yuan ($3.5 trillion) as of the end of the first quarter, ranking among the top in the world.

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China's financial risks remain 'controllable'

Efforts will be made to prudentially address the existing risks and firmly prevent any additional risks, said Li.

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Students celebrate World Ocean Day in Shandong

Themed activity was held in the school to mark the World Ocean Day, which falls on Thursday.

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'Bargaining in sleeves' to trade cordyceps in China's Qinghai

The Fourth China Cordyceps Meeting was held on Tuesday in Yushu, northwest China's Qinghai Province. During the event, the trade volume of cordyceps is expected to exceed 4.5 billion yuan ($631 million).  

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Britain to remove Chinese surveillance gear from government sites

Equipment that could be exploited by Chinese intelligence will be taken down, with CCTV brands Hikvision and Dahua among those flagged by MPs

Britain has announced the removal of Chinese-made surveillance equipment from sensitive government sites as part of plans to address concerns they could be used for spying by China.

The government told its departments last year to stop installing Chinese-linked CCTV cameras in sensitive buildings.

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Tokyo could win ‘not China’ global hub status — but it must want it

Optimists see the chance of benefits as Sino-US tensions alter the financial dynamics

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Iran's embassy reopens in Saudi Arabia

Iran reopened its embassy in Saudi Arabia on Tuesday after seven years of closure. Diplomats from China and other countries attended the reopening ceremony.

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Commercial operation of C919 boosts domestic aviation development: experts

The commercial operation of the C919, China’s self-developed large passenger aircraft, has driven the development of the country’s civil airliner industrial chain, said experts.

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Pet lovers turn to acupuncture to treat their furry friends

In Xi'an, the capital of northwest China's Shaanxi Province, many pet lovers take sick pets to receive treatment such as acupuncture and moxibustion. Doctors who use traditional Chinese medicine techniques to treat animals are called Chinese veterinarians.  

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Embassy reopening seen helpful to region

The reopening of Iran's embassy in Saudi Arabia is helpful for the region, said United Nations spokesman Stephane Dujarric on Tuesday, in response to a question at a daily press briefing.

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How US-China tensions shattered Sequoia’s venture capital empire

Silicon Valley VC group’s lucrative foray into rival nation ends as geopolitical tensions flare up

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Paul Keating sent explosive email to Labor cabinet two hours before attack on Aukus, FOI documents reveal

Exclusive: Former PM warned cabinet ministers over China, Pacific and US hegemony in lead-up to his pointed speech at National Press Club

At 10.45am on Wednesday 15 March, an explosive email landed in the inboxes of all of Anthony Albanese’s cabinet ministers.

“Dear cabinet colleagues,” wrote Paul Keating, the Labor luminary turned chief Aukus critic.

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US venture capital giant Sequoia to split off China business

Group plans to break up into three entities following Beijing’s campaign to rein in country’s largest tech companies

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Communist party accessed TikTok data of Hong Kong protesters, former executive alleges

Ruling party accessed user data including Sim card ID and IP addresses, former executive alleges in legal filing

A former executive at TikTok’s parent company, ByteDance, has alleged that the Chinese Communist party accessed user data from the social video app belonging to Hong Kong protesters and civil rights activists.

Yintao Yu, a former head of engineering at ByteDance’s US operation, claimed in a legal filing that a committee of Communist party members accessed TikTok data that included the users’ network information, Sim card identifications and IP addresses in a bid to identify the individuals and their locations.

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Blinken to visit China this month in sign of easing tensions

US secretary of state had scrapped planned trip over suspected spy balloon incident

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China exports recede in May as economy struggles to mount strong recovery

Imports decline less than expected in optimistic signal as manufacturing growth continues to lag behind

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TikTok: ByteDance accused of helping China spy on Hong Kong activists

The Beijing-based firm has denied Chinese Communist Party members were allowed to access user data.

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Fiji rethinks police deal with China amid rising Pacific tensions

Previous Fijian government signed a memorandum of understanding in 2011 enabling its police officers to undergo training in China

The Fijian prime minister, Sitiveni Rabuka, has said a police exchange agreement with China is under review as his government considers whether to cancel it outright.

In 2011, Fiji’s government – a military dictatorship at the time – signed a memorandum of understanding enabling Fijian police officers to be trained in China. It also saw Chinese officers deployed to Fiji.

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From the archive: How Hong Kong caught fire: the story of a radical uprising – podcast

We are raiding the Guardian Long Read archives to bring you some classic pieces from years past, with new introductions from the authors

This week, from 2020: Hong Kong used to be seen as cautious, pragmatic and materialistic. But protests have transformed the city. As Beijing tightens its grip, how much longer can the movement survive?

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China has closed unofficial ‘police stations’ in Britain, UK minister says

Security minister, Tom Tugendhat, said an investigation of the sites did not reveal any illegal activity

The UK security minister, Tom Tugendhat, has said China has closed its reported “police service stations” at sites across Britain, and that an investigation did not reveal any illegal activity by the Chinese state at these sites.

Britain has previously said reports of undeclared police stations in the country were “extremely concerning” and that any intimidation on British soil of foreign nationals by China or other states was unacceptable.

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EU considers mandatory ban on using Huawei to build 5G

Brussels concerned lack of action by member states to bar high-risk companies threatens security of entire bloc

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Snooker match-fixing scandal: Liang Wenbo and Li Hang handed lifetime bans

Chinese players Liang Wenbo and Li Hang receive lifetime bans for match-fixing in snooker's biggest corruption scandal.

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Ten Chinese snooker players banned over match-fixing

Sport’s governing body bars Liang Wenbo and Li Hang for life and suspends eight others for up to five years

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Labour and SNP face byelection battle after Margaret Ferrier suspension – as it happened

Commons votes to suspend Rutherglen and Hamilton West MP for 30 days after breach of Covid rules. This live blog is now closed

Full story: MPs back 30-day suspension for Margaret Ferrier over Covid breach

Q: What would the minimum wage for workers be under your fair pay agreement for care workers? (See 10.47am.)

Starmer says his sister is a care worker. He knows how hard the job is.

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US prepared to address ‘aggressiveness’ of Chinese military

Warning comes after Beijing conducted two ‘unsafe’ intercepts of American forces

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China begins drilling one of world’s deepest holes in hunt for discoveries deep inside the Earth

Narrow 11,000-metre shaft will reach the Earth’s crust to study internal structures as China seeks to explore new frontiers

China has begun digging its deepest borehole in an effort to study areas of the planet deep beneath the surface.

The drilling of the borehole began on Tuesday in a desert in the Tarim basin in China’s north-western region of Xinjiang, according to the Chinese state-run Xinhua news agency. With a planned depth of 11,100 metres, the narrow shaft will penetrate more than 10 continental strata and reach the cretaceous system in the Earth’s crust – a series of stratified rocks dating back 145m years.

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‘Pirelli is in peril’: Pressure rises over Chinese grip on Italian tyremaker

Rome assesses whether to limit state-owned ChemChina’s voting rights or force it to sell down 37% stake

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My life was turned upside down by Beijing threats, wife of Chinese ex-official tells US court

Liu Fang tells how her family lived privately in the US for eight years, until two men turned up at their door in first US trial arising from China’s ‘Operation Fox Hunt’

The wife of a Chinese former official has described in court the moment their life in the US was “turned upside down” by Chinese government threats aimed at forcing her family to return to their homeland.

Liu Fang told how two strangers pounded on her New Jersey front door and twisted the handle, in what is the first trial to come out of US claims that Beijing has tried to harass and intimidate dissidents and others into returning home.

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Li Shangfu: War with US would be unbearable disaster, says China defence minister

Defence Minister Li Shangfu says Beijing is open to dialogue in his first major speech in the role.

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France objects to Nato plan for office in Tokyo

Emmanuel Macron has raised concerns about the transatlantic security alliance losing focus

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China’s troubles about debt

Dispelling local borrowing woes could have large long-term costs

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Torches and T-shirts: Hongkongers defy attempts to forget Tiananmen

Annual vigil replaced by pro-Beijing carnival but some still manage to mark massacre amid heavy police presence

For the past three years, Hong Kong authorities have gone to great lengths to stop people from lighting candles in Victoria Park and publicly commemorating the Tiananmen Square massacre – an annual tradition tens of thousands of residents had kept alive for three decades since the bloody crackdown in 1989.

This year, the city took it a step further. On Sunday, in place of a mass vigil was a patriotic carnival held by pro-Beijing groups, celebrating the city’s return to Chinese rule with food booths, and dance and music performances. Colourful banners urged carnival goers to “taste the joy”. Instead of candles, volunteers handed out plush toys.

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Sunak has ‘little England mentality’ over UK foreign policy, says Lammy

Shadow foreign secretary says Britain risks isolation in global debates on China, AI and climate crisis

Rishi Sunak has demonstrated a “little England mentality” in foreign relations, David Lammy has argued, warning the UK risks marginalising itself in vital global debates on China, AI and the climate emergency.

Speaking shortly before Sunak heads to Washington for a meeting with Joe Biden, the shadow foreign secretary said cuts to areas such as overseas aid, the British Council and BBC World Service were further hampering the UK’s soft power and making it appear even more insular.

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US Navy video shows close encounter with Chinese warship – video

In a video released by the US Navy, the USS Chung-Hoon observes a Chinese navy ship conduct what is described as an 'unsafe' manoeuvre in the Taiwan Strait on 3 June. The Chinese navy ship moves across the path of the American destroyer, forcing the US ship to slow to avoid a collision, the US Indo-Pacific Command said in a statement. The incident occurred as the US destroyer and Canadian frigate HMCS Montreal were conducting a 'freedom of navigation' transit of the strait between Taiwan and mainland China. China's military rebuked the US and Canada for 'deliberately provoking risk'

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Asset Management: China cosies up to private equity

Plus, Dutch pensions overhaul, US stocks diverge, and Klint and Mondrian at Tate Modern

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Tiananmen Square: Hong Kong police detain activists on anniversary of massacre

Pro-democracy activists have been detained in a crackdown on marking the 1989 massacre in Beijing.

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Arctic chill: western nations fear China and Russia will exploit regional tensions

Arctic Council severed ties with Moscow after it invaded Ukraine, increasing risk of a polar region ‘with no rules’

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Pension funds recoiling from China, says Dutch asset manager

APG sees big rethink on investment in the country as geopolitical risks increase

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China's growing comedy scene feels censorship chill

The recent crackdown on stand-up comedy has further shrunk the space for public discussion in China.

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Will data hit investor hopes of a Chinese recovery?

Market Questions is the FT’s guide to the week ahead

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Beijing's comedy crackdown is hitting its music scene

The crackdown on stand-up comedy unleashed by a joke is now hurting Beijing's vibrant live music scene.

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Brics ministers call for rebalancing of global order away from West

The talks attended by Russia in South Africa are clouded by allegations of war crimes in Ukraine.

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Uyghur student not missing in Hong Kong - Amnesty

The rights group has corrected a report alleging the student went missing after flying to Hong Kong.

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Elon Musk: Tesla boss on first China trip in over three years

The multi-billionaire has not yet publicly commented on the visit, which comes amid US-China tensions.

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Chinese fighter jet buzzed US military plane, says Pentagon

A Chinese fighter jet performed an "aggressive manoeuvre" in front of a US Air Force plane, says the US.

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Covid: Top Chinese scientist says don’t rule out lab leak

The man who led China's pandemic response says inquiries into its origins should consider everything.

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ChatGPT: Can China overtake the US in the AI marathon?

Washington's efforts to limit China's access to crucial cutting-edge technology continue.

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G7 summit: Taiwan looms large as Japan prepares to host leaders

As China becomes more assertive, Taiwan's security has become a growing concern for Japan.

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Asia is spending big to battle low birth rates - will it work?

Governments in the region are spending hundreds of billions of dollars trying to reverse the trend.

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Zibo barbecue: Millions bring sudden fame to industrial Chinese city

Previously a sleepy industrial city, Zibo has been at the centre of a post-lockdown social media frenzy.

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Cheng Lei: 1,000 days imprisoned in China for an unknown reason

Australian journalist Cheng Lei's partner tells the BBC he hopes for an end to her "awful situation".

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2023 WIC information meeting held in Beijing

The world Internet Conference (WIC) held an information meeting to continue calling for the submission of the 2023 World Leading Internet Scientific and Technological Achievement and 2023 Practice Cases of Jointly Building a Community with a Shared Future in Cyberspace.

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