The per capita income of urban residents rose 7.9 per cent from a year earlier to 11,633 yuan combined for the first three months of the year, according to official data. Photo: EPA The average salary for white-collar workers in China fell in the first quarter of 2019 despite an economic recovery, according to a […] Read more
Despite Thailand’s vow to rely on domestic funding as it expands its network of high-speed railways, it could soon accept the offer of a low-interest loan from the Export-Import Bank of China (CEXIM) – raising concerns about whether the country is on the verge of falling into a debt trap. A memorandum of cooperation between […] Read more
The optimism expressed by officials from China and the United States suggesting the trade war is almost over has not trickled down to small exporters exhibiting their products at China’s largest export fair, who fear that, with or without a deal, the heyday for Chinese exports is over. Exporters at the Canton Fair in Guangzhou, […] Read more
China has restricted the sale of 20.47 million plane tickets and 5.71 million high-speed train tickets as punishment for failing to repay debts or conducting other “untrustful” behaviour, according to data from National Development and Reform Commission. Millions of individuals and businesses have been labelled as untrustworthy on a growing blacklist compiled by China’s courts, […] Read more
Beijing’s acceptance of two Vatican-approved bishop candidates from Inner Mongolia and Shaanxi sends a “cautiously positive” signal over their controversial agreement ahead of Good Friday, experts said. But they expected new tensions to emerge amid uncertainty over the fate of the unofficial church in China. The South China Morning Post reported last month that […] Read more
China should not take it for granted that it will overtake the United States to become the world’s top superpower, former commerce minister Chen Deming warned on Sunday. At a forum organised by the Centre for China and Globalisation, a Beijing-based think tank, Chen warned that the country will remain “in the primary stage of […] Read more
Chinese dissident artist Ai Weiwei has unveiled a new exhibition featuring Lego portraits of Mexican students who were reportedly massacred in 2014. He unveiled the provocative artworks at a gallery in Mexico City on Thursday. They depict the faces of the 43 Ayotzinapa Rural Teachers’ College pupils who were kidnapped and disappeared in Iguala, Mexico. […] Read more
A Beijing district court ruled Wednesday that a blog operator must apologize and pay more than 200,000 yuan ($29,851) to real estate developer Soho China for reputational damage. That’s after a blog run by the operator, Zhuhai Shengun Network Technology, claimed that one of the developer’s properties brought bad luck to its tenants due to […] Read more
The European Union and China have unexpectedly managed to agree on a joint draft statement for their summit on Tuesday, despite impatience among some EU leaders at China’s pace of opening up to trade and investment. One of the main concerns as Chinese Premier Li Keqiang touched down in Brussels was whether increased tensions between […] Read more
China has cut a controversial tax on personal items bought overseas, ranging from iPads to books, in an effort to boost consumer confidence. The government will slash the “tax on baggage and articles accompanying incoming passengers and personal postal articles”, a three-in-one tax consisting of value-added tax, consumption tax and import duties on April 9, […] Read more
