North Korea pulled its staff out of an inter-Korean liaison office on Friday, Seoul said, weeks after leader Kim Jong-un’s summit with US President Donald Trump ended without agreement. The office in the Northern city of Kaesong was opened in September as the two Koreas knitted closer ties, but the South’s vice unification minister Chun […] Read more
China’s railway line to Laos is almost half complete, putting it on schedule to begin service in December 2021, said the chief of Lao Railways. Trains on the line can travel at up to 160 km/h (100mph) said Lao Railways’ director general Somsana Ratsaphong. Tickets will start from US$20 a trip. The US$7 billion project […] Read more
China has chosen the Hong Kong unit of the country’s largest overseas lender to roll out a cross-border account that would break down barriers between the two jurisdictions, making it easier for local residents to gain access to banking services in the world’s second-largest economy. Bank of China (Hong Kong), one of the city’s three […] Read more
China’s decision to ground the Boeing model involved in the fatal Ethiopian Airlines crash within the first 20 hours of the March 10 tragedy was a result of an ever-increasing and deep-rooted risk averse culture, industry insiders said. Portrayed as a rare victory for China in the court of international public opinion, the Civil Aviation […] Read more
Premier Li Keqiang is expected to address questions ranging from foreign investments to structural reforms at a press conference to mark the end of the annual gathering of China’s parliament today. In the course of the just-concluded two-week session, the National People’s Congress passed a law protecting foreign investment in China, and several proposals to […] Read more
China is stepping up its efforts to develop new weaponry ranging from guns to fighter jets to challenge US dominance, according to Chinese military officials. The effort is in line with Beijing’s drive to modernise its military and improve combat readiness as the armed forces prepare for a high-profile show of strength later this year […] Read more
The senior Chinese official who oversees state-sanctioned Christian churches has pledged to rid the faith in China of any Western “imprint” and called for further “Sinicisation” of religion. Xu Xiaohong, chairman of the National Committee of the Three-Self Patriotic Movement (TSPM), a government-controlled body that runs state-approved Protestant churches, on Monday attacked what Beijing perceived […] Read more
Chinese private companies are being held back by stereotypes that paint them as less reliable than state-owned enterprises when it comes to repaying their debts, fulfilling their contractual obligations or attracting talent, the boss of a pharmaceutical company has warned. Yang Wenlong, chairman of the private Renhe Group, said these prejudices made it harder for […] Read more
The United States is seeking extradition of Huawei chief financial officer Meng Wanzhou after she was detained in December by Canadian authorities. Photo: EPA It is 5pm on Thursday evening in Killarney, a rural community in Canada’s Manitoba province, and Scott Kroeker is about to call it a day. “It is warming up here, we’re […] Read more
Beijing will make it illegal to force foreign investors to transfer their technology to Chinese partners while also lowering market barriers for foreign firms to enter the domestic market, a senior economic planning official said on Wednesday, highlighting an effort to lure overseas investment inflows. China is expected to pass a new law next week […] Read more
