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World Economic Forum (WEF) in Davos

World Economic Forum (WEF) in Davos
The World Economic Forum (WEF) is a Swiss non-profit foundation that is best known for its annual meeting in Davos, an alpine resort. The meeting brings together global business leaders, politicians, intellectuals and journalists to discuss the issues of the day. The gathering is often simply termed “Davos”, a reference to its venue. The WEF also holds the Annual Meeting of the New Champions (AMNC) or “Summer Davos”.
Former US president Bill Clinton (right) and former Chinese premier Zhu Rongji appear at a press conference in April 1999. Photo: AFP
Zhu Rongji

How Zhu Rongji’s economic legacy endures in China after former premier’s death

Remembered as a candid, decisive leader, the former Chinese premier championed entrepreneurship, welcomed foreign expertise and brought urgency to economic policymaking.

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Climate change

Opinion | Trump’s rants over China’s green energy transition are just hot air

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C-Suite Content Hub

Summer Davos C-Suite Roundtable: A Curtain Raiser for APEC as Global Investors Align on the Future of the Greater Bay Area

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SCMP C-Suite
Artificial intelligence

Meta’s new AI research chief says agents are next big real-world milestone

UC Berkeley’s RDI centre earlier this month introduced Agents’ Last Exam, a new benchmark that tests how well AI agents perform.

Meta Platforms’ new AI research vice president Dawn Song at Summer Davos in Dalian, China on June 23 Photo: Vincent Chow
Hong Kong economy

Hong Kong can drive ‘China Opportunity 2.0’ push for global growth: Paul Chan

Finance chief also says Northern Metropolis megaproject can serve as destination for Chinese firms to commercialise their technologies.

US, Israel war on Iran

When geography is destiny, Gulf states must diversify their defence, expert says

World Economic Forum meeting also told Iran’s leadership now views economic survival – not geopolitical ambition – as primary priority.

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China energy security

China green-energy costs seen undercutting traditional energy as capacity soars

Energy-storage chairman eyes ‘0.1-yuan era’ for equipment as solar and wind projects gradually sideline coal in the nation’s power-generation mix.

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A boy looks at a table demonstrating photovoltaic power generation at the Green Energy Pavilion during the 10th China-South Asia Expo in Kunming, Yunnan province, on June 13. Photo: Xinhua
China economy

Editorial | At Summer Davos, Li Qiang makes the case for China’s vision of growth

Chinese premier defends China’s competitive success and promises to share the dividends of its innovation with the world.

World Trade Organization (WTO)

‘Dangerous moment’: academic calls for US expulsion from WTO over protectionism

Even as US trade policy fractures the global system, China faces ‘credibility problem’ in trade leadership over its own practices.

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China-Middle East relations

At Summer Davos in China, Mideast firms look to next generation to save the Gulf

At World Economic Forum meeting in Dalian, observers see regional self-reliance and economic needs as motivators for change after Iran war.

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The meeting of the New Champions in Dalian is known as Summer Davos and expected to bring together more than 1,700 participants from more than 90 countries and regions. Photo: Xinhua
Hong Kong economy

Exclusive | Beijing probe driven by ‘leakage’ concerns, Paul Chan tells Davos Dalian event

Financial Secretary Paul Chan discusses probe on three brokerages, HKIC’s Clara Chan reveals investment vision, at closed-door event.

Paul Chan made the remarks at a closed-door SCMP event at the World Economic Forum’s Annual Meeting of the New Champions. Photo: SCMP
China economy

‘China Opportunity 2.0’: Li Qiang pitches revised narrative at ‘Summer Davos’

The Chinese premier made the speech at the opening plenary of the 17th Annual Meeting of the New Champions in Dalian.

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China exports

What fuels global trade imbalances: China’s overcapacity or US failure to adapt?

Economists highlight the potential for China’s green manufacturing capacity to support the global energy transition, despite overcapacity fears.

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Banking & finance

China’s trading crackdown seen boosting Hong Kong as official capital hub

Analysts at ‘Summer Davos’ gathering highlight pivot towards official cross-border connect schemes to intermediate domestic wealth ‘on China’s own terms’.

The China Securities Regulatory Commission recently penalised three brokerages, including Tiger Brokers, for illegally granting domestic investors access to overseas securities trading. Photo: Handout
China manufacturing

China’s Li Qiang calls for tech overhaul of legacy industrial hubs before Davos

Beijing looks to secure strategic edge across critical sectors, with premier emphasising smart upgrades for state firms ahead of his ‘Summer Davos’ speech.

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Premier Li Qiang discusses the research and development of nuclear power and petrochemical equipment at a facility in Dalian, Liaoning province, on Monday. Photo: Xinhua
Artificial intelligence

Outside In | AI’s looming impact on jobs warrants some brakes on development

Just as drugs can’t go to market without thorough testing, the uncertainty surrounding the effect of AI means it must face globally agreed regulations.

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US-China relations

Opinion | The West must reckon with the reality of China’s rise

Beijing’s emergence as a major power must be navigated with wisdom and respect, rather than framed as a threat that needs to be contained.

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Artificial intelligence

Asia faces ‘costly paradox’ over divergent AI rules in US and EU

Regional countries are adapting either the US or EU legal framework, while Asian tech firms risk incurring a ‘regulatory fragmentation tax’.

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An AI robot looking into a crystal ball. Analysts say the compliance costs for AI rules in the US and the EU would be significant. Photo: Shutterstock
China jobs

Wanted: AI professionals to lean into China’s surging demand for future tech

Companies across all sectors are advertising positions linked to artificial intelligence, recruitment firms report.

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2026 Xi-Trump summits

China-US trade talks kick off in Seoul ahead of high-profile leaders’ summit

Trade deals, export controls on critical minerals and the Iran war likely to be talking points as senior officials sit down for negotiations.

Canada

Canada’s Carney says economic ties with US have become a ‘weakness’

In a blunt video address, Canada’s prime minister promises regular updates on efforts to diversify away from the US.

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Canada’s Prime Minister Mark Carney. Photo: The Canadian Press via AP
Canada

Canada’s Carney secures majority government with special election wins

With a ‌parliamentary majority, Mark Carney will have a freer hand to govern – ‌and solidify his grip on leading Canada.

Canada’s Prime Minister Mark Carney. Photo: The Canadian Press via AP
Canada

Canadian PM Carney on verge of majority government amid special elections

Votes are being cast in three districts. Winning just one of them would give the Liberals the ability to unilaterally pass any bill.

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My Take

My Take | Why Beijing is now the only true partner of Africa and Latin America

In contrast to friendly China, the United States has weaponised foreign aid on one continent and returned to gunboat diplomacy in the western hemisphere.

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Malaysia

Should wives always obey? Most in Malaysia and Indonesia say yes

A new study also shows 64 per cent of respondents in Singapore agree that efforts to give women equal rights with men ‘have gone far enough’.

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A Malaysian couple hold hands. A new study has found that 60 per cent of respondents from Malaysia agreed with the statement that “a wife should always obey her husband”. Photo: Shutterstock
Japan

80 years on, gender gap persists in Japanese politics

New research shows there has been little change since women in Japan first exercised their right to vote nearly 80 years ago.

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Japan’s Prime Minister Sanae Takaichi (centre, front) walks down the stairs to pose for a photo session with members of her cabinet in Tokyo on February 18. Photo: EPA
China jobs

China should up education spending to help population adapt to AI era: economist

Prominent Chinese economist says it is imperative to ensure the next generation can withstand the changes being driven by AI.

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India

India’s AI superpower dream: flush with cash, short on capacity

India’s AI ambitions could add half a trillion dollars to its economy or deepen inequality if cannot train up its workforce fast enough.

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