China develops its nuclear arsenal much faster than expected, indicated a report published by the Pentagon according to which Beijing can already launch ballistic missiles armed with nuclear warheads from land, sea and air. According to the report, China could have 700 nuclear warheads by 2027 and reach 1,000 by 2030, an arsenal two and […]
Tag: China
Chinese stock up on food as temperatures drop and advance of COVID-19
Beijing residents stocked up on cabbage, rice and flour for the winter on Wednesday, after the government urged people to keep essentials in case of emergencies, although it assured them there were enough supplies after some purchases of panic. China’s Ministry of Commerce published a seasonal advisory on Monday encouraging authorities to do a good […]
China asks families to stock up to cope with outbreaks
Updated on 11/02/2021 11:01 am China has asked families to make “efforts to ensure the provision of food” amid the outbreaks now active in different parts of the country, which have caused partial and total confinements in some cities. The Ministry of Commerce in a statement urged families to “stockpile basic necessities in case of […]
Yahoo leaves China due to “increasingly difficult” environment
Updated on 02/11/2021 09:52 am Yahoo Inc. announced its decision to leave China due to a “increasingly difficult business and legal environment”. The company said in a statement that its services were no longer accessible from mainland China as of November 1. “Recognizing the increasingly difficult business and legal environment in China, Yahoo’s suite of […]
China taps oil reserves, refineries increase production to avoid diesel shortage
China announced that it will use its state fuel reserves, paving the way for refineries to continue to dramatically increase production to avoid a diesel shortage in the world’s second largest oil consumer. In a rare public statement on Sunday, China said it will release gasoline and diesel reserves to boost market supply and stabilize […]
Why is tension growing over Taiwan?
The tension has been accentuated in recent weeks on Taiwan, an autonomous democracy claimed by China and ally of USA. Experts wonder how far that tension will go and what the United States’ response will be. What positions do the parties have? China’s communist government considers Taiwan a rogue province and hopes to win it […]
China tightens rules for its global systemically important banks
Updated on 10/29/2021 09:39 am China published rules on Friday that require its globally systemically important banks to strengthen the ability to absorb losses to avoid financial instability. Those banks must meet specific Total Loss Absorption Capacity (TLAC) targets starting in 2025, said Banco Popular de China (PBOC), the China Banking and Insurance Regulatory Commission […]
China, the eternal diplomatic dilemma for the new Government of Japan
The new Japanese government will face the diplomatic dilemma of following the toughest line towards China set by the Biden Administration or maintaining its traditional low profile vis-à-vis its main trading partner, amid growing tensions in the Pacific. Japan, which holds general elections this Sunday, is watching with concern the military boom in Beijing and […]
Bottled water mogul is China’s richest man
Bottled water mogul Zhong Shanshan became China’s richest person according to a ranking released Wednesday after a government campaign to control the big fortunes hit traditional leaders like Jack Ma, co-founder of Alibaba. Zhong saw his wealth grow after his companies went public Nongfu Spring, mineral water, and Wantai Biological Pharmacy Enterprise, favored by the […]
Chinese real estate companies propose to restructure debt and extend payment maturities
Some Chinese real estate companies have proposed to regulators extending the maturity of their overseas bonds or undertaking a debt restructuring, sources said, as a growing number of defaults shake investor confidence in the sector. The promoters presented the proposals on Tuesday, in a meeting with the National Development and Reform Commission (NDRC) and the […]