Latest news and stories from China
In an unprecedented move signaling thawing relations, the United States and China have jointly announced the formation of economic and finance working groups. This initiative aims to bridge gaps, address mutual concerns, and usher in a new era of bilateral relations between the world’s two largest economies. Highlights: Over the past few years, tensions between […]
China’s long-standing reputation for fueling African infrastructure through hefty loans has seen a notable shift. Recent data points to a marked decline in Chinese sovereign loans to the African continent, sparking debates about the possible reasons and long-term implications of this trend. Highlights Recent figures paint a picture that’s somewhat different from what the world […]
Beijing, China – In the sprawling and bustling city of Beijing, two leaders came together in a symbolic meeting, one that may very well reshape the economic and political landscape of their respective regions. The Presidents of Zambia and China, representing two diverse and unique cultures, found a common goal and mutual respect in their […]
The corridors of power in Washington are abuzz with speculation surrounding the sudden and conspicuous absence of China’s Defense Minister, Li Shangfu. Sources within the US intelligence community have hinted at the possibility of an internal inquiry being the reason behind his disappearance from the public eye. Highlights Li Shangfu, a prominent figure in China’s […]
The global financial landscape is witnessing a significant shift as the US dollar continues its upward trajectory. This rally is posing challenges for major Asian economies, particularly China and Japan, as their respective currencies, the renminbi and the yen, teeter on the brink of historic lows. Highlights In a move that underscores the growing unease […]
The G7 nation, Italy, intends to back out of its initial decision to support China’s Belt and Road Initiative (BRI). A multi-trillion-dollar infrastructure initiative called the Belt and Road Initiative (BRI) intends to link China with Europe and other world regions. Antonio Tajani, the foreign minister of Italy, announced the intention to leave the BRI. […]
As Beijing struggles with a downturn that threatens global growth, US national security adviser Jake Sullivan has urged the country to be more forthcoming about the situation. Concerned that data on China’s increasing youth unemployment might indicate new weakness in the recovery of the world’s second-biggest economy, the Chinese authorities last week banned release of […]
As pressure rises on authorities and banks to reverse a trend of weakening momentum and reinvigorate sagging demand in the world’s second-largest economy, China is set to make the largest reduction this year to two of its key lending rates. After an unexpected decrease to its closely related medium-term financing rate last week, the People’s […]
President Xi Jinping of China will make a rare trip abroad next week to attend the BRICS conference in South Africa. This year, with rising political concerns at home, Jinping has opted to stay put. The Chinese Foreign Ministry announced on Friday that Xi would be visiting Johannesburg beginning on Monday at the request of […]
The visit of Chinese Commerce Minister Wang Wentao to South Africa resulted in business deals totaling $2.19 billion between Chinese and South African firms. South Africa’s Trade, Industry, and Competition Minister Ebrahim Patel told reporters on Thursday that the agreements were reached at a meeting of a joint economic and trade committee aimed at increasing […]