Tsang defends Hong Kong economy after Moody’s outlook cut

Hong Kong Financial Secretary John Tsang defended the city’s economy after Moody’s Investors Service cut the city’s long-term debt outlook because of its links to China. Moody’s maintained Hong Kong’s long-term debt and

HK approves China express rail link in contested vote

Hong Kong approved funding needed for a high-speed rail link to China after a contested vote among lawmakers, giving the green light for MTR Corp. to resume construction on the HKD84.4 billion (USD11

Fake story reflects real divide between rural, urban Chinese

A woman from a big Chinese city visits her boyfriend’s rural hometown and is so appalled by the squalor she sees that she dumps him. The story was fake, but it

Trump’s positions on trade, alliances could roil Sino-US ties

China is ripping off America in trade and should be slapped with a fat import tax. U.S. military allies Japan and South Korea are freeloading and need to pull their

US boy with cancer who wanted to be famous in China dies

An 8-year-old American boy with terminal cancer whose dying wish to become famous in China reverberated around the world has died. Dorian Murray died yesterday , according to a post on

Chinese inflation accelerates to 2.3 percent

China’s inflation accelerated to 2.3 percent in February, driven by a jump in food prices, but fell below the government’s official target for the year. The consumer price rise reported yesterday

Beijing to reform university programs to emphasize skills

Yuan Guiren said at a news conference on the sidelines of the annual national congress that most of the more than 2,500 Chinese universities and colleges focus on theory and

Philippines to lease Japanese planes to patrol disputed sea

The Philippine president says his country will lease five aircraft from Japan to help the local navy patrol Manila’s territory in the disputed South China Sea. President Benigno Aquino III said

South China Sea | Australian leader dismisses concerns about Chinese company

Australia’s prime minister yesterday dismissed public concerns revealed by a U.S. opinion poll about a Chinese company leasing a strategically important port. The Australian newspaper reported that the U.S. State Department

Bangladesh loses USD100 million, allegedly to Chinese hackers

The Bangladesh central bank says it is working to recover some USD100 million allegedly stolen by Chinese hackers from an account at the Federal Reserve Bank of New York. Authorities have

MH370 | Families’ painful choice: Demand answers or move on?

  Nearly every day, the retired factory worker goes to the airline office, riding a series of buses across Beijing to hand deliver a letter. And nearly every day, the letter

Xi’s handwriting betrays paradox at core policy

The order came down from the highest levels of China’s government, in a handwritten message from President Xi Jinping to officials charged with fixing the country’s crashing stock market: Make

Trade falls sharply in February

Exports fell 25.4 percent from a year ago to USD126.1 billion, worsening from January’s 11.2 percent contraction, customs data showed yesterday. Imports shrank 13.8 percent to $93.5 billion, an improvement

Finance minister: Deficit widening to support growth

Seeking to douse fears about China's economy, the finance minister said yestersday that Beijing can manage its rising debt load as it steps up deficit spending to prevent a slide

Analysis | China’s small-cap stocks rise, yuan weakens after NPC omissions

  For investors reacting to China’s annual policy road map, it’s what authorities didn’t say that mattered most. Chinese small-cap stocks rallied after Premier Li Keqiang failed to mention a planned shift

Tibet’s governor praises plans for 2nd railway line to Lhasa

Tibet’s governor said yesterday that a second railway being planned to the Tibetan capital will help bring improvements to the Himalayan region. First announced last week, the 1,800-kilometer line would link

12 killed in gas leak at coal mine in Baishan

A gas leak at a coal mine in northeast China has killed 12 miners, state media reported yesterday. The accident happened Sunday at a mine in the Jilin province city of

Flight MH370: Families file lawsuit in Chinese court

Twelve Chinese families with relatives aboard Malaysia Airlines Flight 370 have filed a lawsuit in a Beijing court, one day before the deadline for pursuing litigation against the carrier. The plane

Shanghai property market is ‘overheated,’ top city official says

“An irrational and overheated sentiment have emerged in the Shanghai real estate market, and these sentiments have raised home prices,” Han Zheng, the city’s Communist Party chief, said at briefing

Beijing dreams of high-speed railway link with Taiwan

how to bridge a stubborn political divide. The proposal for a transit link across the 180-kilometer Taiwan Strait to the self-ruled island was referred to only in passing in the draft

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