East Asia news

Hong Kong home prices to fall by 30% by 2023 end: Goldman Sachs

Hong Kong’s interbank rates, known as Hibor, has seen an unexpected rise. Three-month Hibor, the interest rate banks charge each other for borrowing money, has surged this year to the highest…

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Microsoft to upgrade its campuses in China, increase recruitment despite US' decoupling push

The company currently has around 9,000 employees in China, with 80 percent of them being research and development specialists and engineering technicians.

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China's local governments in severe financial distress, risk bond defaults; crunch hits basic services

Experts see that financial problems at the local level are reflecting in almost every service and show the local governments' inability to run basic services.

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17 killed in China restaurant fire, cause of the blaze under investigation

Firefighters "rushed to the scene" and completed search and rescue work by 3 pm, a statement said.

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China: Another former minister sentenced to death for corruption with two-year reprieve

Sun was accused of committing massive corruption over two decades, as well as the charge of “endangering political security”, a reference to challenging Xi.

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Hong Kong scraps international travel quarantine rule after more than two years

In line with China's "dynamic zero" COVID-19 strategy, Hong Kong had been imposing hotel quarantine for international arrivals 

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China's former justice minister faces life in prison for bribery following suspended death sentence

The high-profile sentencing -- part of a sweeping anti-graft campaign -- comes just three weeks before a key political meeting where President Xi Jinping is expected to secure an unprecedented…

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North Korea planning to launch new missile submarine: Reports

Analysts first spotted signs that at least one new submarine was being built in 2016, and in 2019 state media showed North Korean leader Kim Jong Un inspecting a previously unreported submarine.…

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Man sets himself on fire in apparent protest against Abe's state funeral

The man was found unconscious, and reports later said that he had deliberately doused himself in oil. A letter about Abe's state funeral and the words "I strongly oppose it", was found nearby.

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Hong Kong flags COVID-19 quarantine policy change, wants an orderly opening-up

Lee said he was conscious Hong Kong needed to retain its competitiveness, adding that authorities were keen to bring back events and activities to the city.

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China reports its first case of monkeypox infection, patient showed symptoms in quarantine

Around 90 countries where monkeypox is not endemic have reported outbreaks of the viral disease.

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China: Chengdu to exit full COVID-19 lockdown on Thursday

Some districts in Chengdu have already started to exit from a full lockdown since September 8.

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Chinese man drifts 200 miles in a hydrogen balloon, found safe after two days

Hu and a colleague were collecting pine nuts on Sunday in a forest park in Heilongjiang province in northeastern China when the incident happened.

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China clears roads to earthquake epicentre, death toll rises to 74

The strongest earthquake to hit the province since 2017 destroyed numerous buildings and caused severe damage to power and water infrastructure as well as telecommunications.

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Japan’s hottest city will give umbrellas to children to safeguard them from the heat

The umbrellas bear the city’s logo and weigh just 336 grams. They will be distributed to 9,000 primary schoolchildren next week.

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