China’s push for hi-tech dominance, Trump’s hopes for Sino-US ties: SCMP daily highlights

Catch up on some of SCMP’s biggest China and economy stories of the day. If you would like to see more of our reporting, please consider subscribing.

1. China’s R&D growth passes US$496 billion in steady rise to hi-tech dominance

China’s research and development funding growth slowed for the third year in a row against the backdrop of a shaky economic recovery, but investment intensity is increasing at a steady pace as the country’s push for hi-tech self-reliance continues.

2. Trump tells Davos he is hopeful about US-China ties as he warns on tariffs

In his first speech at the World Economic Forum of his second term, US President Donald Trump voiced optimism about Sino-American relations while warning of tariffs on companies that do not manufacture stateside.

3. Will new Harry Potter park spell success as Shanghai tries to enchant tourists?

Visitors wearing costumes take selfies at the opening of a Harry Potter-themed park in Japan in 2023. Photo: EPA-EFE
Visitors wearing costumes take selfies at the opening of a Harry Potter-themed park in Japan in 2023. Photo: EPA-EFE

Shanghai is poised to up its game in the battle for tourists amid intensified competition in the region, with talks under way for a Harry Potter-themed area.

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