In China, local governments are inspecting businesses weekly to find excuses to fine them. One factory owner said he doesn't keep working capital in nearby banks because the government would use its pull with those banks and force him to grant "loans."
China's Ministry of Finance reported that local governments...
Nato leaders and their allies are heading to Vilnius, Lithuania, this week, for two days of meetings starting on Tuesday. Among them is Yoon Suk Yeol, South Korea’s president, who will give one of the opening speeches.
The summit will be dominated by discussions about the alliance’s relationship with Ukraine....
KATHMANDU: Nepal Foreign Minister NP Saud has said that China's Belt and Road Initiative (BRI) project has not been implemented in Himalayan country so far.
Recently, Chinese Ambassador to Nepal Cheng Song said that Pokhara International Airport was built under the BRI project, while Minister Saud clarified that BRI has not...
BEIJING, July 10: A 25-year-old man was suspected of attacking a kindergarten in China's Guangdong province on Monday, killing six people and injuring one, triggering an outpouring of concern about violence against children at school.
Media reported the attack in Lianjiang county in the southern province was a stabbing. The...
Amid soaring tensions between the United States and China, Beijing has firmly opposed the meeting of Joe Biden administration's top official on human rights, Uzra Zeya, with Tibetan spiritual leader the Dalai Lama in New Delhi.
Strongly objecting to the meeting, Beijing has asked Washington to stop meddling in the...
The Chinese Communist Party and its People’s Liberation Army are in the process of developing weapons that may pose a new kind of biologocal threat to the world. The Chinese army has established itself as the leader in ‘neurostrike’ weapons, which have been designed to attack or even control...
European Union officials are working to narrow the scope of export controls that China announced this week on two key metals used in semiconductors, solar panels and electric vehicles, according to people familiar with the matter.
The EU wants to make sure that export restrictions on the two metals are based on clear...
SHANGHAI: The China Association of Auto Manufacturers (CAAM), citing antitrust law, on Saturday retracted a pledge to avoid "abnormal pricing" made two days earlier by 16 automakers, including Tesla..
Thursday's CAAM-organised pledge by the companies, including Chinese electric vehicle (EV) makers Nio, Li Auto and Xpeng, had been interpreted by...
SHANGHAI: China's securities regulator said on Saturday that it would support mutual fund managers to enable them to lower fund product fees.
In a statement, the China Securities Regulatory Commission said it would optimise the mutual-fund fee scheme and steadily lower the industry's comprehensive fee rates.
The statement came as performance...
