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1. TikTok owner ByteDance earns praise from Chinese social media for rejecting US sell-or-ban ultimatum

   The privately held social media giant has rejected a report that said it was ‘exploring scenarios’ to sell a majority stake in TikTok’s US operations.

2. Like the US and EU, China uses subsidies. It just does it more effectively

   China’s subsidies have been more effective than in most parts of the world because they are an intrinsic part of a distinct economic model. Rather than targeting China, the US and Europe should examine the effectiveness of their own economic strategies.

3. Sri Lanka’s Chinese-financed white elephant airport leased to Indian-Russian joint venture

   The airport is named after former president Mahinda Rajapaksa, who borrowed heavily from China for infrastructure projects that quickly became commercial failures.

4. What makes TikTok’s technology so special, that the app may be banned in the US?

   The short video format enables TikTok’s algorithm to become much more dynamic and even capable of even tracking changes in users’ preferences and interests across time.

5. Hong Kong hit by 10 red tides as heavy rain lashes city over past week

   Red tides are areas of seawater discoloured by large concentrations of microorganisms that may deplete levels of dissolved oxygen.

6. Hong Kong transport authorities cut estimated cost of controversial T4 road by 5% to HK$6.81 billion after questions raised over price tag

   Transport and Logistics Bureau submits revised funding request over Trunk Road T4 to the legislature’s Finance Committee.

7. Hong Kong to step up action against illegal ride-hailing services, taxi drivers over ‘golden week’ holiday

   More inspections will be conducted in city’s tourist attractions, control points, restaurants and shops during mainland China holiday from May 1 to 5, authorities say.

8. Official of China’s securities watchdog under investigation for ‘serious violation’ amid uptick in market regulation

   Investigation into Yao Qian, who serves as the director of the department of technology supervision at the China Securities Regulatory Commission, comes amid an uptick in market reforms.

9. China’s exporters shun the yuan, embrace alternatives as depreciation fears build

   China’s yuan has lost more value against the US dollar as interest rate cuts have yet to materialise, leading exporters to find whatever alternative assets they can until exchange differentials subside.

10. Israel-Gaza war: Palestinian baby girl delivered by caesarean section from dying mother’s womb passes away

    The baby, named Rouh meaning Soul, suffered respiratory problems and a weak immune system, died on Thursday.