Photo Illustration by Elizabeth Brockway/The Daily Beast/GettyChina has begun building what appears to be an airstrip on a disputed island in the South China Sea, according to satellite images taken this month and shared with…
Monthly Archives For August 2023
China Says Military Held Naval, Air Combat Readiness Patrol Around Taiwan
The Eastern Theatre Command held the patrol focussed on coordination and testing the combat capabilities of its troops in joint operations, in a serious warning to “Taiwan independence separatist forces”, the spokesperson of the Eastern…
China launches drills around Taiwan in angry response to VP’s US trip
China’s military began drills around Taiwan on Saturday, saying it was a “serious warning” to separatist forces, in an angry and widely expected response to a visit of Vice President William Lai to the United…
US, Japan and South Korea agree to expand security ties at summit amid China, North Korea worries
President Joe Biden and the leaders of Japan and South Korea agreed to expand security and economic ties at a historic summit at the U.S. presidential retreat of Camp David, cementing a new agreement with…
New variant strain outbreak in southern China controllable
Based on the monitoring of local COVID-19 variants conducted by the center in Foshan, the city has reported sporadic COVID-19 infections recently, mainly of the EG.5 variant, a substrain of the …
Pentagon ill-prepared for bio warfare attacks from adversaries such as China, Russia
The Pentagon needs to improve defenses and readiness against biological weapons attacks and is ill-prepared for potential germ warfare attacks from China or other adversaries, according to a new …
Fears of ‘domino effect of contagion’ amid China’s property woes could bring down U.S. Treasury yields from 16-year high
MARKET EXTRA The lingering debt troubles in China’s real-estate sector and the uncertainty of Beijing’s policy support are feeding into broader unease in the U.S. financial markets, potentially driving investors to snap up safer assets…
China’s property crisis deepens with developer Country Garden at risk of default
Evergrande has filed for bankruptcy protection and firms covering 40% of Chinese home sales have defaulted
EUROPE China sets sombre tone with property turmoil
Property boom poster child China Evergrande has filed for Chapter 15 protection in a U.S. bankruptcy court, putting an exclamation point on a torrid week for the real estate sector and stoking expectations that authorities…
Oil’s 7-week winning streak at risk from China economy jitters
An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo
Beijing announces $1.4B robotics fund
The fund is part of a broader effort to establish Beijing as the industry’s international industrial highland.
Investors Fear a Financial Contagion in China
Troubles at a big trust company are making investors worry about fallout from the country’s slumping property sector.
Evergrande files for bankruptcy in US, fueling worries about China property crisis
The Chinese developer has sought protection under Chapter 15 of the US bankruptcy code, which shields non-US companies that are undergoing restructurings from creditors that hope to sue them or
