A record 175.15 billion yuan (US$24.5 billion) of lottery tickets and scratch cards were sold in the first four months of 2023, up by 49.3 per cent from the same time last year Punters are…
FINANCE
Blinken lands in China on rare trip with hopes low for any breakthrough
U.S. Secretary of State Antony Blinken arrived in Beijing on Sunday, the first top American diplomat to visit China in five years, amid frosty bilateral ties and dim prospects for any breakthrough on …
China misperceived, says high-flyer straddling both worlds
In a new book, the London School of Economics’ Keyu Jin says China is developing a unique economic and political playbook for the next phase of its evolution.
China’s Local Governments Finding It Difficult To Service Debt As Fiscal Position Tightens: Report
China’s local governments are finding it difficult to service debt raised via municipal and Local Government Fina …
Ottawa freezes ties with Beijing-backed development bank over allegations that it is communist-dominated
The Asian Infrastructure Investment Bank’s global communications chief, Canadian Bob Pickard, quit and fled to Tokyo fearing retaliation. On Twitter, he slammed the financial institution. Meanwh …
Five key talking points at US-China talks as Antony Blinken visits China
Given the extent of the distrust between them, it’s very unlikely the visit will bring any major breakthroughs and US officials have been tempering expectations accordingly.
Green energy Democrats took donations from head of China-linked group pushing gas stoves ban
House Democrats who voted against two GOP proposals to block President Joe Biden from banning gas stoves accepted campaign donations from a China-linked group pushing to electrify the U.S. economy, …
Canada’s Snap Retreat From China Bank Shows Divided World
A single Tweet alleging Communist Party interference was all it took for Canada to freeze ties with a China-led development bank this week. The question now is whether other US allies will join Canada …
How Beijing’s sabre-rattling is fuelling US doubts over commitment to peaceful reunification with Taiwan
Beijing is struggling to convince the United States and its allies that its commitment to peaceful reunification with Taiwan is genuine, as a result of its assertive posture towards the island and the …
Pakistan receives US Dollar 1 billion from China
The State Bank of Pakistan (SBP) on Friday night confirmed having received the amount from China without sharing any other details about it.
Pakistan receives $1 billion from China to support critically low foreign reserves
Cash-strapped Pakistan has received $1 billion from its close ally China to support its critically low foreign reserves amidst the uncertainty to revive a stalled International Monetary Fund loan. The …
China Infrastructure Stocks Rise, Buoyed by Report of Coming Stimulus
Hong Kong-listed infrastructure stocks rose after a report that Beijing is considering issuing $140 billion in special treasury bonds to finance infrastructure projects and other initiatives to boost …
China returns $1 billion loan: SBP
Shortly after Dar’s statement, a diplomat source revealed that China had released the $1 billion on Friday. The source also stated that the $300 million debt would be treated in the same manner. These …
