China News
HONG KONG (AP) — Chinese authorities have banned the accounting firm PwC for six months and fined it over 400 million yuan ($56.4 million) over its involvement in the audit of collapsed property developer Evergrande. The punishment is the heaviest yet for international accounting firms operating in China. PwC will be banned from signing off…
Another sardonic comment read, “I’m really worried that when I’m 70 and go for an interview, my resume will be dozens of pages long, and HR might question why there was a gap when I was 25. But because of dementia, I won’t even be able to remember it!” Raising the retirement age would ease pressure…
China will “gradually raise” its retirement age for the first time since the 1950s, as the country confronts an ageing population and a dwindling pension budget. The top legislative body on Friday approved proposals to raise the statutory retirement age from 50 to 55 for women in blue-collar jobs, and from 55 to 58 for…
China has decided to raise the retirement age by up to five years as the country battles an economic slump and the growing pressure from an ageing population. The retirement age for men will rise from 60 to 63 and for female office workers from 55 to 58 as a result of the decision by…
A recent American Chamber of Commerce survey has found record low levels of profitability and business confidence amongst its members in China. The report follows similar findings from a recent US-China Business Council survey, with U.S.-China tensions and a slowing economy listed has top causes. American companies in China are experiencing historically low business confidence…
Two Japanese tourists recently encountered an aggressive confrontation with a Chinese key opinion leader (KOL) while taking photos at the Old Summer Palace in Beijing, igniting a nationwide debate about racism. Also known as Yuanmingyuan Park, the Old Summer Palace was once one of China’s most magnificent royal gardens until it was devastated by a…
External Affairs Minister S. Jaishankar highlighted that 75 percent of disengagement issues with China have been resolved in their border talks. Nonetheless, he recognized that some issues remain unresolved. Jaishankar also pointed out that the relationship between India and China has historically been challenging. “We did not have an easy relationship in the past. What…
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Must have experience: impossible catch for pressured Chinese students seeking…
Sep 13, 2024 08:59 AM IST A shortlist of the biggest headlines, recommended stories, and a special collection of news items you should check out. The Supreme Court of India on Thursday once again criticised the concept of “bulldozer justice” in the country, observing that such demolition threats are inconceivable in a country where the…
Maritime and aerial spats in the South China Sea between China and the Philippines, Washington’s oldest treaty ally in the Indo-Pacific, will be a key talking point in high-level meetings between the U.S. Department of Defense and their Chinese counterparts. A senior defense official told reporters Wednesday evening that Chinese actions against the Philippines will…