Today – as I’ll explain in a moment – China is on the verge of something similar. Investing in the U.S. stock market in 1950 was a once-a-century opportunity. US$1,000 in the S&P 500 Index would have been worth more than US$86,000 by 2007 – and ... ( read original story ...)
China’s tech IPOs likely to reach a record high this year
TOTAL proceeds from the initial public offerings from Chinese technology firms reached US$1.2 billion in the first quarter this year, the highest number of IPO deals around the world, according to PwC's quarterly Global Technology IPO Review. "The number ... ( read original story ...)
China warns U.S. to remove warship from South China Sea, claims America is trespassing on its territory
China’s government warned a U.S. warship to leave waters around a reef it claims in the South China Sea, saying the vessel was trespassing on its territory and undermining security in the region. The U.S. warship entered waters adjacent to the Spratly ... ( read original story ...)
China has a huge debt problem. How bad is it?
Massive systemic defaults are far less likely when the bulk of debt is owed by a public sector with a strong balance sheet, which is the case with China, he said. Start your day right with the latest news driving global markets, from major stock movers and ... ( read original story ...)
South China Sea: US warship sails close to disputed Mischief Reef
A US warship has sailed close to an artificial island built by China in the South China Sea, the first challenge to Beijing's claim to the waters since President Donald Trump took office. According to unnamed sources cited by US media, the USS Dewey passed ... ( read original story ...)
Richmond winemaker faces closed-door trial in China; daughter urges Trudeau to intervene
In an email to Global News, a Global Affairs Canada spokesperson said they ... “Diplomatically, Canada and China [have] been around this merry-go-round. Nothing further would be gained by anyone by maintaining the status quo.” Amy, now out of options ... ( read original story ...)
Beijing protests US Navy patrol through South China Sea
Defense ministry spokesman Col. Ren Guoqiang told reporters at a monthly news briefing that a pair of Chinese navy frigates had warned off the American ship after it entered the area without China's permission. "We urge the American side to take concrete ... ( read original story ...)
China and Pakistan working to free abducted Chinese
Gunmen dressed as police stopped the couple's car and shot and wounded a man who intervened after he rescued a third person who was in the car, according to Pakistani police and China's official Xinhua news agency. No one immediately claimed responsibility ... ( read original story ...)
China warned US destroyer to leave area near man-made island, official says
a U.S. defense official told Fox News. Capt. Jeff Davis, a Pentagon spokesman, declined to comment to the newspaper on the operation. “We operate in the Asia-Pacific region on a daily basis, including in the South China Sea,” he said in a statement to ... ( read original story ...)
U.S. Warship Sails Near Island Claimed by Beijing in South China Sea
BEIJING — A United States Navy warship sailed within 12 nautical miles of an artificial island claimed by China in the South China Sea on Wednesday, an operation that showed a new firmness by the Trump administration in its dealings with Beijing. ( read original story ...)