Hong Kong has long been known as an international financial hub where fortunes are made in office towers that form the city’s iconic skyline. Its free-market economy has given rise to some of Asia’s wealthiest and most powerful families and firms. But beneath the glitz and glamour lies a sobering level of inequality. Some people…
During a visit to the southwestern province of Guizhou – one of China’s poorest and most indebted areas – President Xi Jinping called for the region to undertake an accelerated economic transition, improve its business climate and better integrate with the country’s other local economies. The president’s inspection tour to the mountainous province on Monday…
Tens of thousands of anti-corruption inspectors have fanned out across China to carry out the first national check on the party loyalty of cadres in the country’s half a million villages. The announcement of the campaign came a month after the Communist Party’s graft watchdog, the Central Commission for Discipline Inspection (CCDI), said 77,000 village…
This week, Chinese President Xi Jinping gave a speech in Brazil titled “Building a just world of common development”, at the G20 summit’s first session on the global fight against hunger and poverty. He spoke of China’s poverty elimination campaign and its commitment to bringing common development and prosperity to the world. “Common” is a…
For now, Brazil is saying no – but yes. On Monday in Beijing, Celso Amorim, special presidential adviser for international affairs, said the country would not be joining China’s Belt and Road Initiative, a trillion-dollar transnational infrastructure programme launched a decade ago. Observers say the announcement reflects divisions within the Brazilian administration over the initiative…