TAIPEI — The situation in the Taiwan Strait is "complex and grim", Chinese President Xi Jinping wrote in a congratulatory letter on Sunday to the newly elected leader of Taiwan's main opposition party, who has pledged to renew talks with Beijing. Taiwan's Kuomintang (KMT) elected as their leader on Saturday...
SHANGHAI (Reuters) - The release of Huawei Chief Financial Officer Meng Wanzhou is an opportunity for a reboot of bilateral relations with the United States and Canada but “toxic political rhetoric” could still “poison” the atmosphere”, Chinese state media said on Monday. The Global Times tabloid, which backed by the...
China’s HNA Group Co. shot to prominence by spending more than $40 billion on acquisitions across six continents from 2016. But the breathtaking buying spree drew questions from regulators about the group’s opaque ownership structure and its struggle to manage spiraling debt. That prompted an equally dramatic selling spree, and Chinese authorities eventually took effective control. Now, HNA is undergoing an aggressive debt restructuring that will see its original shareholders exit the picture. And in another twist, its Chairman Chen Feng and Chief Executive Officer Tan Xiangdong, also known as Adam Tan, were detained in September on unspecified charges.
Hong Kong (CNN Business) — Huawei executive Meng Wanzhou, who spent nearly three years in house arrest in Canada, returned home late Saturday, ending a prolonged extradition fight with the United States and sparking an outburst of national pride in China, where her release has been portrayed as a diplomatic victory for Beijing.
It's one thing for China to project power into its own region, but the Indian Ocean is a different challenge. Here's What You Need to Know: How to manage a great-power challenge to nautical freedom is a question of a higher order altogether than how to police the Indian Ocean.
The Austrian Communist Party unexpectedly won a municipal election in the Alpine country’s second biggest city Sunday, according to preliminary results
The former head of Chinese liquor firm Kweichow Moutai, the world’s most valuable spirits company, has been jailed for life for taking more than $17 million in bribes. Yuan Renguo, 64, was found guilty of accepting cash and properties worth more than 112.9 million yuan ($17.5 million) while working at Kweichow Moutai between 1994 and 2018, according to a court statement on Thursday.
China’s President Xi Jinping warned in a congratulatory letter on Sunday to the newly elected leader of Taiwan’s main opposition party that the situation of the Taiwan Strait was “complex and grim”. Taiwan’s Kuomintang (KMT) elected as their leader on Saturday former New Taipei City mayor Eric Chu, who said...
President Xi Jinping handed down orders for dealing with the case of Huawei Technologies Co. government Meng Wanzhou, China mentioned, as Beijing seeks to cast her launch as a diplomatic win over the US. “General Secretary Xi Jinping made important instructions,” Foreign Ministry spokeswoman Hua Chunying mentioned Monday at an...
Australians who own shares in mining companies are most at risk from the possible collapse of Chinese property giant Evergrande. Iron ore prices last week plunged below $US100 for the first time in 14 months amid fears China’s Communist Party government would let Evergrande fail with debts of more than $400billion.