China's Xi pledges over $50 billion in financial aid to Africa to deepen ties
Chinese President Xi Jinping said Thursday that China will provide 360 billion yuan (more than $50 billion) in financial support to Africa over the next three years.
Asian news from city Beijing
China's binge-buying of chipmaking equipment could yield another overcapacity problem
China is ramping up spending on chip manufacturing equipment, surpassing the combined expenditure of the U.S., South Korea, Taiwan and Japan in the first half of the year, according to an industry report Thursday.
Malaysia says it won’t bow to China’s demands to halt oil exploration in the South China Sea
KUALA LUMPUR, Malaysia (AP) — Prime Minister Anwar Ibrahim said Thursday that Malaysia will not bow to demands by China to stop its oil and gas exploration in the South China Sea as the activities are within the country’s waters.
China Woos Africa, Casting Itself as Global South’s Defender
African flags have been flown over Tiananmen Square. Leaders of African nations have been greeted by dancers, honor guards and children waving flags. They have been escorted in extensive motorcades past banners celebrating “A Shared Future for China and Africa” and giant, elaborate flower arrangements.
Singapore’s tourists can ‘live like kings’ in Bali or Bangkok thanks to soaring dollar
People in Singapore are jumping on the opportunity, according to luxury travel agent Lauren Raps. The co-founder of Alchemist Travel says her clients are getting out of town more frequently – and are quick to make deposits on bookings.
Chinese offshore gambling workers to lose Philippine visas as industry folds
Tens of thousands of Chinese citizens in the Philippines to help run offshore gambling services stand to lose their work visas by mid-October, as the Southeast Asian country looks to uproot the industry by year’s end under growing scrutiny from both Beijing and Manila.
Malaysia to investigate leak of Chinese diplomatic note over South China Sea row
KUALA LUMPUR, Malaysia (AP) — Malaysia’s Foreign Ministry called Wednesday for a police investigation into a leaked diplomatic note from China over the South China Sea dispute.
Seeking an alternative to China’s pressure-cooker schools, families move to Thailand
CHIANG MAI, Thailand (AP) — The competition started in second grade for DJ Wang’s son.