USA and China trade relations, cooperation strategy. US America and China flags on chess king on a chessboard. Prasit Photo | Moment | Getty Images The U.S. is likely to impose more curbs to check competition from China as “the decoupling is really in full force,” said Steven Okun, founder and CEO of consultancy APAC … Read more
HONG KONG — Hong Kong’s government has lifted curbs on property deals after home prices fell to a seven-year low, adding to the Chinese territory’s woes. Finance minister Paul Chan announced the move in a speech presenting the territory’s budget, which also raised spending on tourism promotion. He said all curbs, such as extra taxes, … Read more
The Reserve Bank of India issued new curbs against Paytm’s Payments Bank, which processes transactions for financial services giant Paytm, barring it from offering many banking services including accepting deposits, credit transactions, top-ups in customer accounts, prepaid instruments and wallets after February 29. Wednesday’s move follows the Indian central bank ordering Paytm Payments Bank to … Read more
By Cynthia Kim SEOUL (Reuters) – North Korea stopped operating a radio station used to send coded messages to its agents in South Korea, the Yonhap news agency said on Saturday, the latest sign the isolated country is shaking up the way it handles relations with Seoul. North Korea has been stepping up pressure on … Read more
BEIJING — A government official from China’s Tibetan region on Friday rejected allegations of forced assimilation and curbs on religious freedom, while stressing that Tibetan Buddhism should adapt to the Chinese context. Xu Zhitao, vice chairman of the Tibet region government, defended a boarding school system that overseas activists have said takes children away from … Read more
The Biden administration has announced it is tightening export controls on semiconductor chips used for artificial intelligence and the equipment used to manufacture them, in an effort to prevent China from acquiring or producing advanced chips. The rules update restrictions that the U.S. announced a year ago prohibiting the sale of chips above a certain … Read more
Australia needs commerce ties with China to be normalized, however Beijing should first take away the remaining commerce curbs, stated Australia’s assistant minister for commerce advised CNBC. Canberra is in dialogue with its largest buying and selling associate to drop tariffs on Australian wine imports that have been launched in March 2021. On the peak of … Read more
SEOUL, South Korea — North Korea stated Sunday it should permit its residents staying overseas to return house consistent with easing pandemic conditions worldwide, because the nation slowly eases its draconian coronavirus restrictions. In a quick assertion carried by state media, the State Emergency Epidemic Prevention Headquarters stated these returning to North Korea might be … Read more