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HONG KONG - A court in Beijing declared on Friday that it has accepted an application for bankruptcy liquidation by Zhongzhi Enterprise Group, the embattled Chinese wealth manager with substantial debt.
WASHINGTON -- The prospect of having former U.S. President Donald Trump and Taiwan President-elect Lai Ching-te in office at the same time is leaving China scrambling to rethink strategies, an analyst said Tuesday after the Taiwan election and the Iowa Republican caucuses.
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Just two days after Taiwan elected as its next leader Lai Ching-te, whom Beijing sees as a staunch separatist, it lost a diplomatic ally in its rivalry with China. Nauru, a tiny freckle of land in the Pacific Ocean, announced that it would be severing diplomatic relations with Taiwan, effective immediately.
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China has protested to Myanmar after five people were injured by artillery shells lobbed during battles between its ruling junta and rebel groups that strayed into a small town near their border, a Foreign Ministry spokesperson said on Thursday.