The death toll in a deadly fire in multiple high-rise towers in Hong Kong has risen to 55 with 279 people still missing, Chinese official media reports said on Thursday. Three men have been arrested for suspected manslaughter in the fire that broke out in Wang Fuk Court on Wednesday, Hong Kong Police Force was…
According to newly released data, China has executed a critical and major shift in how it gives out loans to others. The direction of the loan flow from China has changed markedly, and the name of its biggest current recipient is raising many eyebrows in the world of international credit financing. China is now directing…
Chinese President Xi Jinping took centrestage at a meeting of APEC leaders on Saturday to push a proposal for a global body to govern artificial intelligence and position China as an alternative to the United States on trade cooperation. The comments were the first by the Chinese leader on an initiative Beijing unveiled this year,…
Oil prices rose in early trade on Monday after U.S. and Chinese economic officials sketched out a trade-deal framework, easing fears that tariffs and export curbs between the world’s top two oil consumers could dent global economic growth. Brent crude futures rose 46 cents, or 0.7%, to $66.40 a barrel by 0027 GMT. U.S. West…
China faces a confluence of strategic opportunities and challenges amid rising uncertainties and should “firmly grasp the strategic initiative,” President Xi Jinping said during a meeting on Beijing’s new five-year plan, state media reported on Friday. China should strive for breakthroughs in key technologies, Xi added, according to the official Xinhua news agency. The meeting…
Asian stocks opened higher Friday as a planned meeting between Donald Trump and Xi Jinping eased nerves around trade tensions. Oil prices edged lower ahead of US inflation data. An MSCI gauge of Asian shares was up around 0.3% at the open, following a move higher on Wall Street on Thursday. Shares in Intel Corp…