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Li Xi

Li Xi
Li Xi
The latest news on Chinese politician Li Xi, including political stories and updates.
last updated:
9 September, 2024
Li Xi, a member of China’s Politburo Standing Committee meets Kenyan President William Ruto at State House Nairobi on Monday. Photo: Office of Kenya President
China-Africa relations

As Chinese official visits, Kenya says deal to fund and build highway is close

Kenyan President Ruto says talks are at a late stage for China to finance and build highway through Rift Valley and possible SGR extension.

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Taiwan economy

As mainland China seeks more Taiwanese money, why aren’t more listening?

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Asia travel

China leads the charge on EVs, yet holiday drivers left with flat batteries

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Singapore

Singapore charges 2 men for helping trio enter Taylor Swift show without tickets

Yang Chenguang allegedly talked to guards at the venue to distract them, while Li Xiao Wei held onto a turnstile at the entrance to allow the trio to go through.

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Fans of singer Taylor Swift dance to her music at the National Stadium during a concert in Singapore on March 2. Photo: Reuters
Two Sessions 2024

China’s ‘two sessions’: Xi tells scientists to fight the tech battle well

President calls on science and technology sector to ‘further strengthen aspirations to rejuvenate the country’ during panel discussion.

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China stock market

China may curb state buying of stocks to deter ‘hot money’ flows

Downward pressure on Chinese stocks is piling up, as state buying is likely to wane after taking a key stock gauge hit a psychologically important level, and institutional investors remain cautious amid the lack of policy stimulus, analysts say.

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Two Sessions 2024

Once thought inevitable, China overtaking US in GDP now far from certain

Many had predicted China to surpass the US in terms of GDP by the middle of this century, but recent trends suggest such a swap may be farther off – if it even happens at all.

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China’s rise, exemplified by the size of its GDP, was thought to be inevitable. But questions have arisen over whether it will close a gap with the United States that is now widening. Illustration: Lau Ka-kuen
Electric & new energy vehicles

China’s Li Auto delivers electric minivan with fridge to lure wealthy families

The US$77,764 Li Mega, Beijing-based Li Auto’s first pure-electric model, has a range of 710 kilometres. It costs nearly twice as much as market leader General Motors’ petrol-powered competitor.

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Apple

Xiaomi founder determined to make cars despite Apple’s EV exit

From Xiaomi to Xpeng, leading Chinese electric vehicle makers have expressed disbelief that Apple is ending its decade-long effort to build a car.

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China jobs

‘The wages are not as good’: China’s returning migrant workers battling reality

Migrant workers returning after the Lunar New Year holiday in China have low expectations for a pay rise this year, as the number of jobs is not as high as last year.

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People attend a job fair in Zhengzhou, in central China’s Henan province. Photo: AFP
China’s Communist Party

China’s graft buster puts belt and road projects, rural strategy in cross hairs

CCDI says it will deepen campaign targeting ‘unhealthy practices and corruption’ in rural revitalisation and seek better integrity in belt and road projects this year.

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The anti-corruption watchdog said it would “show no mercy to those who form political gangs, cliques and interest groups” within the ruling Communist Party. Photo: Reuters
Electric & new energy vehicles

China’s Li Auto rewards staff with fat bonuses for surpassing 2023 sales goal

Li Auto plans to give its 20,000 employees annual bonuses of up to eight months’ pay for exceeding the 300,000-unit sales target last year. The carmaker has set a goal of delivering 800,000 units this year.

Electric & new energy vehicles

Chinese EV builders Li Auto, Xpeng and Nio get 2024 off to a slow start

Mainland Chinese EV builders’ 2024 has got off to a bumpy start, after car deliveries dropped sharply amid mounting concerns about a slowing economy and job losses.

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Millionaires and billionaires

Who are the 10 richest billionaires in Singapore? Net worths, ranked

Haidilao founder Zhang Yong and fan of Tesla’s Elon Musk, Leo Koguan, all make the list – but which famous tech founder is the richest in the Lion City?

Wee Cho Yao, Haidilao’s Zhang Yong and Facebook co-founder Eduardo Saverin are among the richest people in Singapore. Photos: Naashon Zalk, Getty Images, Instagram
Banking & finance

Charles Li’s Micro Connect unveils new risk measurement metric for MCEX investors

The market-accepted protocol, or MAP, will allow investors to value expected cash flows and risks of daily revenue obligations, a new asset class traded on the MCEX.

Charles Li Xiaojia, who launched fintech platform Micro Connect. Photo: SCMP/ Xiaomei Chen
China property

China Resources posts slowest sales gain since 2015, rental income softens blow

China Resources Land recorded a 2 per cent gain in sales last year, one of a handful of home builders to keep shareholders happy amid a property market slump.

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China’s Communist Party

Xi tells corruption hunters to show no mercy in ‘severe and complex’ battle

As the anti-corruption campaign enters its 11th year, the Chinese leader calls for ‘heavier punishments’ and a focus on ‘high-risk’ areas.

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Corruption in China

Ex-China Everbright Group chairman expelled from Communist Party

After an investigation, 69-year-old Tang Shuangning was kicked out for ‘serious violations of party discipline and law’.

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Tang Shuangning was chairman of state financial conglomerate China Everbright Group for a decade. Photo: Handout
Belt and Road Initiative

Xi reveals China’s push for global power after secret meeting on foreign policy

‘We will create a more favourable international environment and provide more solid strategic support for building China into a great modern socialist country,’ Chinese president says after two-day Central Conference on Foreign Affairs Work.

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Diplomacy

Opinion | Why Mao’s ‘three worlds’ theory is still relevant to China today

In the early 1970s, Mao’s ‘three worlds theory’ guided China’s strategic alignment with the political struggles of third world nations. As the country’s economy and influence grew, it focused on establishing ‘major power’ relationships with the West. Now, Beijing must reorient itself to the Global South.

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China trade

Real wolf warriors? China builds up private forces to guard overseas interests

The bar has been raised for Chinese security firms – pushing them to become more internationalised and more commercialised to meet the growing need for protection overseas.

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The bar has been raised for Chinese security firms – pushing them to become more internationalised and more commercialised to meet the growing need for protection overseas, including via the Belt and Road Initiative. Illustration: Lau Ka-kuen
Science

Fears of ‘irreversible damage’ to literature as AI wins award for sci-fi novel

Journalism professor Shen Yang plans to detail his creation process so anyone can ‘create good fiction with AI’.

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Experts say it was not easy to recognise that a science fiction novel submitted to a national literary competition had been generated by an AI platform. The illustrations were also created by AI. Photo: Weibo/Capital Television
China’s Communist Party

Exclusive | Xi is relying more on lieutenants to forge ties with China’s political elites

President has smaller share of direct links with Central Committee members than he did five years ago, Post analysis finds.

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Banking & finance

HKEX names Bonnie Chan as its first woman CEO, to succeed Aguzin

Chan, a former partner at law firm Davis Polk, joined HKEX as head of listings in January 2020 and was promoted to her current role on February 1 to oversee group strategy, human resources, mainland Chinese development and LME Clear.

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Fashion

Prada’s Pradasphere II in Shanghai showcases the luxury fashion brand’s reach

Running at Shanghai’s West Bund art hub until January 21, the exhibition takes visitors on a journey through the Italian fashion house’s 110-year history

Prada’s Pradasphere II is a journey through the fashion house’s 110-year history. Photos: Handout
China’s Communist Party

China’s top corruption-buster warns of ‘risk of rebound’ in cases

CCDI will keep up pressure on extravagant spending ahead of festive season and says corruption is becoming harder to detect.

The watchdog said corruption was taking new forms and becoming harder to detect. Photo: Reuters
Electric & new energy vehicles

Li Auto, Xpeng post record monthly sales in November driven by China’s love for EVs

Li Auto and Xpeng, two top premium electric vehicle builders in China, rewrote sales records in November, as their new car models amplified the popularity of battery-powered vehicles.

Books and literature

Why China is falling in love with Korean fiction

More contemporary Korean books are being translated into Chinese as novels deal with social issues that chime with fiction fans in China. The popularity of K-dramas and K-pop also has an influence.

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