China rebukes protectionism after US tariff barrage, warns it will harm everyone

China rebukes protectionism after US tariff barrage, warns it will harm everyone

In the wake of US President Donald Trump’s latest tariff blitz on dozens of economies, China has reiterated a stern warning against protectionism amid growing concern that it will “harm the interests of all parties”. “China’s position against the arbitrary imposition of tariffs has been consistent and clear: there are no winners in tariff or trade wars,” Guo Jiakun, spokesman for the Ministry of Foreign Affairs, said at a press conference on Friday. Beijing’s latest admonishment came after...

Daryl Ng takes the helm at US$16.3 billion Sino Group in leadership shift

Daryl Ng takes the helm at US$16.3 billion Sino Group in leadership shift

Daryl Ng Win Kong, the eldest son of Robert Ng Chee Siong, will take the reins from his father at the HK$127.7 billion (US$16.3 billion) Sino Group, marking the leadership transition to the third-generation scion of the group’s founding family. Darryl Ng, 47, will step into the chairman’s role from August 31, according to filings from the group companies to the Hong Kong stock exchange on Friday. He will become the chairman of Sino Land, Tsim Sha Tsui Properties and Sino Hotels, whose combined...