Tag: China

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.
Wednesday, July 5th 2023 - 10:32 UTC
Bolivian leader in favor of switching from US dollars to yuan

Luis Arce Catacora, president of Bolivia, a Mercosur associate nation that has long been trying to become a full member of the bloc, said Tuesday during the 62nd Summit in Puerto Iguazú (Argentina) that it was time we “move[d] away from the [US] dollar to base ourselves on the [Chinese] yuan and strengthen our own currencies.”
Tuesday, July 4th 2023 - 10:27 UTC
Yellen travels to China to restore a healthy economic relation, “destabilization punishes both countries”

United States Treasury Secretary Janet Yellen will travel to China this week to restore ties, the Treasury Department announced. Yellen, who will be in Beijing from July 6-9, will meet with high-ranking representatives of the Chinese government but not China's President Xi Jinping.
Tuesday, July 4th 2023 - 08:37 UTC
China's downturn and youth unemployment, cutting down marriages and new families

A report published by China's Ministry of Civil Affairs in June shows the number of marriage registrations across the country was the lowest in 37 years, following eight years of decline. Only 6.83 million couples tied the knot in the Asian nation last year.