The US will provide $553 million in financing for a port terminal in Sri Lanka’s capital being developed by Indian billionaire Gautam Adani, as New Delhi and Washington look to curtail China’s influence in South Asia. The financing from International Development Finance Corp. for the deepwater West Container Terminal in...
Chinese and US officials are likely to hold more talks on trade and economy, as Vice Premier He Lifeng started his visit to the US on Wednesday, at the invitation of US Treasury Secretary Janet Yellen, another major step to stabilize bilateral ties. And, in a speech in Singapore on...
China is revamping the Belt and Road Initiative, which has pumped billions of dollars in grants and loans into developing countries over the last ten years. This comes as the country attempts to rein in the risks that plagued its earlier investments, according to a new report released on...
Assuming Xi Jinping and Joe Biden finally sit down together next week in San Francisco after a year of posturing, accusations, backchannel signalling and wayward surveillance balloons, the results will be underwhelming. There is so little trust – a week before the expected meeting, the Chinese had still not formally...
ISLAMABAD -- Two decades of Chinese lending to Pakistan totaled about $21 billion more than previously thought, a study revealed this week, while also showing that the cash-strapped South Asian country has the biggest China-funded energy portfolio in the world. AidData, a research institute at William and Mary University in...
The Philippine foreign ministry has once again accused China of intruding into its waters after an incident involving the two countries’ military vessels at a disputed shoal in the South China Sea earlier this week. In a statement yesterday, the Department of Foreign Affairs responded to an earlier claim by the...
When police showed up at Su Haijin’s lavish apartment in Singapore one early morning in August, he leapt from his second-floor balcony. The ethnic-Chinese businessman was found hiding in a drain with broken legs. The police meanwhile arrested nine other suspects in what Singapore has described as one of...
China is cracking down on weather stations it says are spying for foreign countries, the latest measure in a broad counter-espionage campaign under leader Xi Jinping amid intensifying geopolitical tensions. The country’s civilian spy agency, the Ministry of State Security, said Tuesday it had discovered hundreds of what it said...
In a major development in Apple’s manufacturing plans in India, Apple will start assembling the iPhone 17 in its Indian factories, before anywhere else in the world. This is the first time that Apple will be developing the manufacturing process outside China. According to analyst Ming-Chi Kuo, an expert on...
MANILA: The Philippine foreign ministry on Thursday accused China of intruding into its waters after an incident at a disputed shoal in the South China Sea earlier this week. China's military had said on Monday that a Philippine military ship "illegally entered" waters near Scarborough Shoal. "It is China that is intruding into Philippine waters," the Philippine...