Billionaire Michael Bloomberg says it will take time for China to resolve problems like air pollution. Photo: AFP US billionaire Michael Bloomberg has spoken out in support of Chinese President Xi Jinping, saying Xi is “not a dictator” and the Communist Party “listens to the public” on issues like air pollution. Bloomberg made the comments […] Read more
President Donald Trump was clearly surprised Monday — and asked “why?” — when Treasury Secretary Steven Mnuchin said U.S. officials asked members of China’s trade delegation to cancel a scheduled farm tour in the United States last week. American stock market indices plunged Friday on the news of the cancellation of the visit with farmers in […] Read more
The online retail boom in China is fueling demand for storage spaces — and real estate investors should start thinking about putting their money in warehouses, said the founder and CEO of Baring Private Equity Asia, Jean Eric Salata. “If you look at the e-commerce logistics and warehouse space in China, it’s still very, very […] Read more
The US-China trade war will not end any time soon, because the cost to both sides is minimal and is roiling other economies more than anything else, a leading economist from Singapore’s Nanyang Technological University said on Thursday. Professor Tan Kong Yam, who is also the co-director of the Asia Competitiveness Institute research centre at […] Read more
China wants to draw a line between negotiations about trade and talks about other foreign affairs, the Wall Street Journal reported on Thursday. In order to streamline trade talks between Washington and Beijing, China is looking to weed out other topics of conversation that come up between the world’s two largest economies during negotiations, like […] Read more
Hong Kong Exchanges and Clearing Limited (HKEX) has made a surprise takeover bid for London Stock Exchange Group (LSE), taking its boldest step yet to expand into a global financial marketplace from its current status as China’s offshore fundraising hub. HKEX made an indicative offer to pay £83.61 per LSE share in cash and stock […] Read more
Embattled Hong Kong leader Carrie Lam Cheng Yuet-ngor dropped a bombshell on Wednesday, announcing she would formally withdraw the hated extradition bill that sparked the city’s protest crisis, but her dramatic U-turn drew more scepticism than hope for an end to nearly three months of turmoil. Even though Lam was finally acceding to one of […] Read more
Law enforcement officials in the US state of Virginia said on Thursday that they had taken down a multi-state drug ring and seized enough cheap fentanyl from China to kill 14 million people. The bust was announced in the wake of growing efforts to stem the flow of fentanyl from Chinese labs to the United […] Read more
China’s state media put up a brave front after the country’s trade war with the U.S. escalated sharply over the weekend. The latest round of the dispute kicked off on Friday evening in Beijing when China’s Ministry of Finance announced it will apply new tariffs of between 5% and 10% on $75 billion worth of […] Read more
When anti-government protesters held two men from mainland China virtual hostageat Hong Kong International Airport earlier this month, it was 33-year-old Leon Liang’s saddest and darkest day in the city since he arrived nine years ago. “What a shame for Hong Kong,” Liang, from Shanxi province in northern China, wrote in a social media post […] Read more
