The Chinese government’s dramatic takeover of Anbang Insurance Group, citing concerns about the Beijing-based company’s ability to pay its debts and the fraudulent conduct of its former chairman, puts into question the future of the…
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Beijing tops list for improved air quality
Beijing has emerged as the best city in its region for air quality improvements over the past four months – a time when the capital usually suffers its worst air pollution – according to the…
China’s new anti-graft superministry adds to concerns about suspects’ rights
Though China’s criminal justice system has long been criticized … The National Peoples Congress declined to comment on the issue. A parliament news department official said they would answer reporters’ questions during next month’s parliament…
Exclusive: Xi confidant emerges as front runner to head China’s central bank – sources
BEIJING (Reuters) – Liu He, a Harvard-trained economist who is a trusted confidant of Chinese President Xi Jinping, has emerged as the front runner to be the next governor of the People’s Bank of China…
China ‘highly concerned’ over possible breach of UN sanctions on North Korea
“China is highly concerned about the situation and we are in the middle of an investigation,” Geng said at a regularly scheduled news conference. Punishment of any Chinese entities found to have been involved would…
China seizes control of insurance giant Anbang
In an unusual move, Anbang Insurance Group will now be taken over by China’s insurance regulator for one year. The firm is known for its aggressive international acquisitions, including New York’s Waldorf Astoria hotel. “Clearly…
China’s Huawei set to lead global charge to 5G networks
FRANKFURT/HONG KONG (Reuters) – China’s Huawei is forging closer commercial ties with big telecom operators across Europe and Asia, putting the company in prime position to lead the global race for next-generation 5G networks despite…
China prosecuting tycoon who considered Kushner investment
News reports have accused Anbang of misreporting the source … Regulators said they wanted to cool spending on foreign real estate and other assets they said did nothing to develop China’s economy. Following that, Anbang…
China insurance regulator takes control of Anbang Insurance Group, chairman prosecuted
BEIJING/SHANGHAI (Reuters) – Anbang Insurance Group Co Ltd, one of China’s biggest insurance conglomerates, has been taken over by the country’s insurance regulator for one year, and its chairman has been prosecuted for economic crimes.…
China has dropped its one-child policy, but women aren’t having more children
But despite how controversial — and brutal — the original policy was, the latest data on childbirth in China is not what you might expect. China’s one-child policy was established in 1979 by then-leader Deng…
China denies racism, says hyping up TV blackface skit ‘futile’
The week-long Lunar New Year holiday ended on Wednesday. Speaking at a daily news briefing, Chinese Foreign Ministry spokesman Geng Shuang said China had consistently opposed any form of racism, adding that he had also…
China probes report of possible North Korea sanctions breach at sea
Chinese Foreign Ministry spokesman Geng Shuang said China was paying great attention to Japanese report. “We are investigating,” he told a daily news briefing. China fully and strictly enforces U.N. resolutions and shoulders its international…
China challenge ‘more subtle and sophisticated’ than the threat of war
China has a saying, inspired by the famed strategist Sun Tzu, that the best outcome of any standoff is “winning without fighting”. Experts say while Malcolm Turnbull is right that China does not pose a…
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