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A top US State Department official has acknowledged that the US was aware that the Pacific island nation of Nauru was weighing whether to switch its diplomatic ties from Taiwan to mainland China before it formally did so in January, and sought to counter the move.
HSBC is "very positive" about the mid to long-term outlook for the Chinese economy despite current headwinds, the British bank's chief financial officer told CNBC.
HONG KONG (AP) — Three former organizers of Hong Kong’s annual vigil in remembrance of the 1989 Tiananmen Square crackdown on pro-democracy protests lost their bid to overturn their conviction Thursday over their refusal to provide authorities with information on the group under a national security law.
TAIPEI, Taiwan (AP) — City officials in eastern China apologized to local journalists after authorities were shown pushing them and trying to obstruct reporting from the site of a deadly explosion, in a rare acknowledgment of state aggression against journalists.
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Former Greek finance minister Yanis Varoufakis, who holds an Australian passport, said at the National Press Club in Canberra on Wednesday that a diplomatic approach would be a “far better way” of addressing Beijing’s “authoritarianism towards its own people” than buying nuclear-powered submarines, which would only force “China’s political class to close ranks around an authoritarian core”.
The House of Representatives passed a bill meant to force ByteDance, the Chinese internet company, to sell TikTok within six months to a buyer that satisfies the U.S. government — or face a ban in the country. The vote was the latest development in a cold war between the U.S. and China over the control of valuable technology.
With a few benchmarks for Chinese stocks up 20% from January lows, a debate is raging between the bulls and bears.