In the 1990s, at China’s southern port of Xiamen, containers loaded onto ships were declared to customs as holding valuable export goods. At a time when China was striving to expand global trade in a bid to join the World Trade Organization (WTO), Beijing provided substantial tax rebates for logistics companies, turning many into millionaires….
Beijing, President Xi Jinping on Monday asked the Chinese people to be ready to overcome all uncertainties as he asserted that Taiwan is China’s sacred territory and Beijing opposes Taiwanese independence, sending a strong warning to “separatists” in his address on the eve of National Day. President Xi says Taiwan is China’s sacred territory, opposes…
China’s leaders are again seeking to rally risk-averse cadres to the cause of decisive economic action by stressing the need to “get things done” and its tolerance of mistakes in a policy known as the “three exempts”. The Politburo, the ruling Communist Party’s inner circle, signalled the renewed political commitment in a statement after a…
A view of the Central Business District in Beijing. | Photo Credit: AP Chinese President Xi Jinping and other top leaders admitted on Thursday that the world’s second-largest economy was facing new “problems” and vowed to resolve a long-running crisis in the housing sector. Beijing has this week unveiled a raft of measures to boost…
Taiwan is intensifying efforts to prevent maritime borders being breached after mainland Chinese men used small boats to land on its coast twice in recent months. Lawmakers have pointed to the two incidents – neither spotted by Taipei until the men turned themselves in – as representing possible weaknesses in the event of a military…
A Chinese woman created a 58-page PowerPoint file detailing her boyfriend’s history of infidelity with more than 300 women and shared it online. The incident rapidly became the top trending post on the Chinese social media platform Weibo on September 19, garnering 300 million views. In the PowerPoint file she crafted, she accused the man,…
Beijing’s quick endorsement of a scheme to raise the retirement age shows it is determined to address the problem of dwindling pension funds amid faltering economic growth and an ageing population, analysts say. But, they add, the changes are unlikely to be a silver bullet for fiscal shortfalls and could come with “political pain”. 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…
China’s top legislature has reviewed a plan to gradually raise the retirement age, months after the ruling Communist Party’s Central Committee proposed it be lifted in a “voluntary and flexible” way. The retirement age has been in place since 1951 and is among the lowest in the world. It is currently 60 for men, 55…
The end of a decade-long partnership between a leading public research university in the United States and China’s Tianjin University was a “direct consequence” of a US strategy to decouple from China in hi-tech fields, and a worrying sign of dwindling academic exchanges between the two countries, analyst have warned. The Georgia Institute of Technology…