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TAIPEI -- Taiwan's new foreign minister is making a fresh push on economic diplomacy, with plans to set up industrial zones overseas and support small businesses' expansion abroad, according to several government officials and foreign diplomats in Taipei.
The Justice Department has opened a criminal investigation into how antidoping authorities and sports officials allowed elite Chinese swimmers who had tested positive for a banned substance to escape punishment and win a slew of medals — including three golds — at the last Olympics, according to two people briefed on the matter and swimming’s international governing body.
MANILA- The Philippine Coast Guard (PCG) said on Saturday (July 6) that China's largest coastguard vessel has anchored in Manila's exclusive economic zone (EEZ) in the South China Sea, and is meant to intimidate its smaller Asian neighbour.
TOKYO -- The Japanese government will offer financial assistance to domestic companies, including Kansai Electric Power (KEPCO), for an inter-island power transmission project in Indonesia. The move is part of Tokyo's efforts to become a player in Southeast Asia's grid development as China flexes its economic muscle in the region.
Asian stocks were mostly higher on Monday after Japan and China reported data reflecting relatively sluggish growth for Asia’s two largest economies.
Four months ago, China’s leaders announced what seemed like a straightforward and proven plan to recharge the economy: Subsidize consumers who want to replace old cars and household appliances.
