STORY: Rescuers pulled a woman from the wreckage of a hotel in Myanmar days after a massive earthquake in the Southeast Asian country last week that killed at least 2,000 people. China’s Xinhua news agency reported that several others were freed from collapsed buildings in Mandalay, the city in central Myanmar near the epicenter of…
BEIJING (Reuters) – The China National Offshore Oil Corporation (CNOOC) has discovered an oilfield in the South China Sea with proven reserves exceeding 100 million tonnes, Xinhua news agency reported on Monday. The newly found Huizhou 19-6 oilfield is not in a disputed part of the South China Sea and lies within China’s Exclusive Economic…
Global stock markets held largely steady on Tuesday as top US and Russian diplomats held their first high-level discussions since Russia invaded Ukraine. The talks, which excluded Europe and Ukraine, ended with Moscow and Washington agreeing to appoint teams to negotiate an end to the Ukraine war. “Donald Trump continues to be the dominant force…
Asian markets were mixed Tuesday with Hong Kong resuming its tech-led rally after a meeting between President Xi Jinping and China’s top business leaders fanned hopes that a long-running crackdown on the private sector is coming to an end. The Hang Seng Index’s gains extended an impressive start to the year, with the emergence of…
Chinese stocks rallied on Monday after the country signaled a more aggressive approach to stimulus next year. Beijing’s top leaders revealed they will embrace a “moderately loose” monetary policy and a “more proactive” fiscal policy, according to China state media Xinhua News Agency. “Relative to the low market expectations prior to the meeting, we view…
(Bloomberg) — Chinese Premier Li Qiang pledged Beijing will do everything possible to boost domestic consumption in an effort to support the country’s economic growth. Most Read from Bloomberg China will strengthen countercyclical measures and step up implementation of macroeconomic policies to shore up the economy, Li said Monday at a meeting in Beijing with…
Hong Kong Stocks Stage Late Rebound as China Pledges Spark Stimulus Hopes Hong Kong’s Hang Seng Index closed 2.8% higher at 20414.09, reversing morning losses. China’s Politburo pledged to boost domestic demand, and stabilize housing and stock markets. It also said the main annual economic, social development targets will be accomplished, the state-run Xinhua News…
Language serves as a mirror of society. This year’s buzzwords in mainland China undeniably reflect the essence of our times. They primarily signify the advent of the intelligent era, where the younger generation – especially those born after 2000 – has become the focal point of social attention, while the elderly have emerged as a…
Hong Kong’s leader has fired his tourism and transport ministers, Kevin Yeung Yun-hung and Lam Sai-hung, in an unexpected move, a national news agency has said. According to Xinhua News Agency, the State Council approved the move on Thursday based on the recommendation of Chief Executive John Lee Ka-chiu to replace the secretary for culture,…
Chinese President Xi Jinping is promoting the idea of a “shared future in cyberspace” at the country’s annual internet conference this year amid an intensifying US-China rivalry that has raised concerns about technological decoupling, particularly in artificial intelligence (AI) and semiconductors. The advance of AI technologies has improved humans’ ability to change the world, but…