Hong Kong, Jul 28: The Chinese government on Friday demanded the United States invite Hong Kong's leader to an economic conference following a news report that Chief Executive John Lee would be barred due to his role in crushing the city's pro-democracy movement.   The conflict threatens to complicate Washington's efforts...
HONG KONG, July 26: China's leadership pledged at a key Communist Party meeting this week to support the economy through a "tortuous" post-pandemic recovery, but offered very little detail on specific measures, causing mixed feelings among investors and economists. ADDITIONAL STIMULUS ALMOST GUARANTEES CHINA WILL REACH ITS 2023 GROWTH TARGET....
Qin Gang was removed as China’s foreign minister by order of President Xi Jinping after a special meeting of the Standing Committee of National People’s Congress was held Tuesday. His profile on the foreign ministry website was deleted, and the news about his dismissal was censored on the Chinese...
China’s underperforming reopening is dragging down the global economic recovery, the IMF said on Tuesday, despite keeping its forecast for China’s growth unchanged. Maintaining its forecast of 5.2 per cent economic growth for China this year came in contrast to the International Monetary Fund’s upward revision on both India and...
On 20 July, a BRICS currency would not be on the agenda of the bloc’s 15th summit, which is going to be held in Johannesburg this August. Earlier, External Affairs Minister S Jaishankar had said that the currencies would very much remain a national issue for a long time...
Sri Lankan President Ranil Wickremesinghe’s visit to India last week concluded with the unveiling of an ambitious new economic partnership aimed at firming up trade, energy and physical connectivity between the two countries and simultaneously helping the island nation overcome its continuing balance of payments crisis. Some measures included in...
India has blocked a $1bn (7.19bn yuan) bid by Chinese carmaker BYD to set up an electric vehicle factory in partnership with a local company. The Indian Government dismissed the plan from BYD and Hyderabad-based Megha Engineering and Infrastructures, citing national security concerns. The move comes three days after the Australian Government also blocked...
Words — from both Beijing and corporations — sound sweet, but reality is less encouraging. Beijing says that it is open for business and that it welcomes foreign investment but has made doing business in China more difficult than ever. Corporate executives speak of engaging China and then send...
NEW YORK/SHANGHAI -- New graduate Glonee Zhang had high hopes when he landed a job at a lithium battery company in Shenzhen last summer. Now, like more than one in five young people in China, he's out of work. An English major entering a post-COVID working world, Zhang thought "the...
The pictures posted on the Chinese company’s website show a tall, Caucasian man with a crew cut and flattened nose inspecting body armor at its factory. “This spring, one of our customers came to our company to confirm the style and quantity of bulletproof vests, and carefully tested the quality...