Tag: China

• Monday, August 14th 2023 - 10:14 UTC

  Uruguay: Mujica says apology to China over OPVs is in order

  

  Former Uruguayan President José Mujica said the current head of state Luis Lacalle Pou should apologize to China for the sloppiness in the purchase of two Ocean Patrol Vessels (OPVs) for the South American country's Navy from Spanish shipyard Cardama.

• Friday, August 11th 2023 - 17:39 UTC

  China's largest property developers on thin ice: 'Country Garden' admits losses of US$ 7,6bn in six months

  

  One of China's biggest property developers, Country Garden has warned that it could see a loss for the first six months of the year of up to US$7.6bn., the latest sign of the major issues faced by the world's second-largest economy.

• Friday, August 11th 2023 - 17:30 UTC

  Chinese recovery slowing down, with weaker trade and demands for fresh stimulus

  

  China’s economic activity slowed and trade markers fell much faster than expected in July as weaker demand threatens recovery prospects in the world’s second-largest economy, heightening pressure for authorities to release fresh stimulus to steady growth.

• Tuesday, August 1st 2023 - 18:54 UTC

  Major purge in China's nuclear arsenal command; Xi consolidating power and eliminating corruption?

  

  Continuing with recent changes Beijing has replaced two leaders of an elite unit managing its nuclear arsenal, triggering speculation of a purge. General Li Yuchao who headed the People's Liberation Army's (PLA) Rocket Force unit and his deputy had “disappeared” for months.

• Tuesday, August 1st 2023 - 18:52 UTC

  Liberia becomes the world's largest ship registry; in bulk carriers, China is the flag

  

  For the first time in 30 years Panama is no longer the world’s largest ship registry. Rival Liberia has overhauled the Central American nation in terms of gross tonnage in new data issued by Clarksons Research.

• Wednesday, July 26th 2023 - 10:37 UTC

  China's foreign minister sacked, no reason from Beijing for his removal

  

  “China’s top legislature voted to appoint Wang Yi as foreign minister… as it convened a session on Tuesday,” state media outlet Xinhua said. “Qin Gang was removed from the post of foreign minister.” No reason was given for Qin’s removal, however, state media reported that President Xi Jinping signed a presidential order to enact the decision.

• Wednesday, July 26th 2023 - 10:28 UTC

  Nicaragua on verge of FTA with China

  

  Nicaraguan authorities Tuesday announced that a Free Trade Agreement (FTA) with China is ready to be signed next month after the “substantial conclusion” of the ongoing negotiations, it was reported in Managua.

• Wednesday, July 19th 2023 - 10:30 UTC

  Where is China's foreign minister, Qin Gang missing since 25 June?

  

  The lengthy absence from public view of China's Foreign Minister Qin Gang has sparked furious online speculation, again highlighting China's secrecy. The 57-year-old has not been seen in public for 23 days - his last reported engagements were on 25 June.

• Tuesday, July 18th 2023 - 10:30 UTC

  Growing concern in China over urban areas youth (16 to 24 years) unemployment

  

  The jobless rate of 16 to 24 year olds in Chinese urban areas rose to 21.3% last month, official figures released by Beijing show. It comes as the world's second largest economy grew just 0.8% in the three months to the end of June.

• Wednesday, July 12th 2023 - 21:06 UTC

  China extends financial measures for the battered real estate to the end of 2024

  

  China's top financial regulators announced this week that financial support measures for qualified real estate developers, taken in November 2020, will be extended through the end of 2024, in order to continue to guide more financial support for firms and to ensure deliveries of homes.