China and Democratic Republic of Congo are discussing $7 billion in financing as part of a renegotiated minerals-for-infrastructure deal, President Felix Tshisekedi said Saturday at his second inaugural address in the capital, Kinshasa. Tshisekedi has been pushing for a restructuring of a 2008 $6.2 billion contract between the countries, which he says has provided little … Read more
For the first time, China exported more to Southeast Asia than the US last year, highlighting the realignment of global trade that’s happening as the economic relationship frays between Washington and Beijing. The 10 nations in Asean bought $524 billion of goods last year, higher than the $500 billion worth sold to the US or … Read more
Sign up for the India Edition newsletter by Menaka Doshi – an insider’s guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly. The president of the Maldives told India it must withdraw its troops from the island by March, making good on an election promise as he draws … Read more
Maldivian President Mohamed Muizzu, considered “pro-China,” met provincial officials in Fujian during the initial day of his five-day visit. While China has not released the official itinerary, it is anticipated that Muizzu will hold talks with Chinese President Xi Jinping and sign several agreements. The foreign ministry in Beijing stated that the visit will strengthen … Read more
China has detained the head of an overseas consulting firm for allegedly spying on the Asian nation for the British government, putting renewed focus on an industry targeted by Beijing’s national security crackdown. China’s spy agency said Monday that the UK’s MI6 intelligence service employed the consultant from a “third country” to carry out espionage … Read more
Chinese President Xi Jinping told his US counterpart Joe Biden that their nations should strive for “peaceful coexistence,” as the world’s two largest economies try to stabilize strained relations. “Over the past 45 years, China-US relations have weathered storms and moved forward,” Xi wrote in a new year’s day letter commemorating the establishment of diplomatic … Read more
Chinese President Xi Jinping pledged to strengthen economic momentum and job creation, acknowledging some companies and citizens had endured a difficult 2023 in a rare admission of domestic headwinds facing the country. While China’s most-powerful leader since Mao Zedong used his annual new year address to trumpet his nation’s achievements, he also conceded some “enterprises … Read more
China abruptly ousted nine military figures from its national parliament without explanation, as a major purge of personnel in the upper echelons of the nation’s defense universe casts its net wider. The nation’s top legislative body revoked the lawmakers’ membership during a Friday meeting, the official Xinhua News Agency reported. Their ouster adds to a … Read more
WASHINGTON (AP) — In the 1980s, Fu Xiangdong was a young Chinese virology student who came to the United States to study biochemistry. More than three decades later, he had a prestigious professorship in California and was conducting promising research on Parkinson’s disease. But now Fu is doing his research at a Chinese university. His … Read more
Tencent Holdings Ltd. led an $80 billion selloff in some of China’s biggest online names, after the surprise imposition of new gaming curbs revived fears Beijing may again be targeting the country’s giant internet sector. The top gaming regulator on Friday publishedBloomberg Terminal draft rules broadly designed to clamp down on practices that encourage players … Read more