China’s financial institutions urged to support property developers

China’s financial institutions urged to support property developers

An artwork juxtaposing Chinese yuan cash bills with the China’s flag Javier Ghersi | Moment | Getty Images China’s financial institutions should provide strong support to the country’s beleaguered real estate sector and not “blindly withdraw” financing for projects facing difficulties, according to a senior Chinese financial regulatory official. His strongly worded comments follow the … Read more

China youth unemployment will stay elevated in 2024, but EIU warns economic impact will linger

China youth unemployment will stay elevated in 2024, but EIU warns economic impact will linger

ZHENGZHOU, CHINA – SEPTEMBER 22: Students attend a job fair for graduates at Zhengzhou University on September 22, 2023 in Zhengzhou, Henan Province of China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images China’s youth unemployment will likely stay elevated this year due to a lingering mismatch, according to … Read more

China’s PBOC announces RRR cut as it seeks to boost growth

China’s PBOC announces RRR cut as it seeks to boost growth

Pan Gongsheng was named party secretary of the People’s Bank of China on July 1, 2023. Vcg | Visual China Group | Getty Images BEIJING — China pledged to reduce the amount of liquidity that its banks are required to hold as reserves early next month in its bid to boost its struggling economy. Reserve … Read more

China reacts to pivotal Taiwan presidential election

China reacts to pivotal Taiwan presidential election

Taiwan and China flags together textile cloth, fabric texture Oleksii Liskonih | Istock | Getty Images TAIPEI — China dismissed the outcome of Taiwan’s Saturday elections, saying its ruling Democratic Progressive Party does not represent mainstream public opinion after it failed to win a majority in the presidential and legislative votes. “Taiwan is China’s Taiwan,” … Read more

Taiwan 2024 election: DPP’s Lai Ching-te wins

Taiwan 2024 election: DPP’s Lai Ching-te wins

Supporters of the Democratic Progressive party (DPP) await the announcement of official results at a rally on January 13, 2024 in Taipei, Taiwan. Annabelle Chih | Getty Images News | Getty Images TAIPEI — Taiwan’s ruling Democratic Progressive Party is set to win an unprecedented third-straight presidential term, though it remains unclear if leader Lai … Read more

White House prepares for Taiwan presidential elections and ‘period of higher tension’

White House prepares for Taiwan presidential elections and ‘period of higher tension’

U.S. President Joe Biden and Chinese President Xi Jinping before a meeting during the Asia-Pacific Economic Cooperation leaders’ week in Woodside, California, Nov. 15, 2023. Brendan Smialowski | Afp | Getty Images The Biden administration doubled down on its support for Taiwan’s democratic process ahead of a presidential election on the island that will serve … Read more

Tencent loses over $43 billion in market value after China proposes new online gaming rules

Tencent loses over  billion in market value after China proposes new online gaming rules

Tencent lost about $43.5 billion in market value on Friday after China surprised financial markets with a fresh set of rules aimed at curbing excessive gaming and spending. The draft guidelines from China’s National Press and Publication Administration sank the Hong Kong-listed shares of Tencent, NetEase and Bilibili — among the largest online gaming-related counters … Read more

BlackRock, AIIB among backers of Asia-focused Seraya Partners Fund I

BlackRock, AIIB among backers of Asia-focused Seraya Partners Fund I

Wind turbine blades rotate in the tidal flat in Yancheng city, Jiangsu province, China, November 18, 2023. Nurphoto | Nurphoto | Getty Images Top global asset managers including BlackRock are among investors in an Asia-focused infrastructure private equity fund that raised $800 million, underscoring growing interest in the asset class amid market volatility. The Seraya … Read more

China revokes Taiwan tariff concessions ahead of elections

China revokes Taiwan tariff concessions ahead of elections

Taiwanese flags during the National Day celebration in Keelung, Taiwan, on Monday, Oct. 9, 2022. I-Hwa Cheng | Bloomberg | Getty Images China suspended tax concessions on 12 chemical compound imports from Taiwan in retaliation for what Beijing deems to be a violation of a trade agreement, just weeks ahead of key elections in the … Read more

Top US ice dancers share highly competitive friendship

They train at the same complex in Montreal under the same coaches By BARRY WILNER AP Sports Writer December 28, 2021, 8:04 AM • 4 min read Share to FacebookShare to TwitterEmail this article They train at the same complex in Montreal under the same coaches. They’ve had a long-term rivalry that’s taken them around … Read more