China

Military tensions between Taiwan and China are the worst in at least 40 years, Taiwanese defence minister Chiu Kuo-cheng said. He made his statement after about 150 Chinese warplanes were sighted in Taiwan's air defence zone in a short…
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All acts related to cryptocurrencies are illegal, the Chinese central bank has stated. In response to the decision, the value of bitcoin and co tumbles. Owning and trading crypto coins has been banned in China for some time, but…
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The electric car division of Chinese conglomerate Evergrande is lagging behind in paying salaries. The bills of several factory equipment suppliers also remain unpaid, reports Bloomberg news agency based on insiders. This makes it…
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Major Chinese real estate developer, China Evergrande Group, is likely to default on its financial obligations. This is expected by credit rating agency Standard & Poor's (S&P). The world's leading credit rating agency does…
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Six executives of faltering Chinese real estate developer Evergrande had cashed out investment products from the company when they were not allowed to, Evergrande announced. The company is demanding that the six pay back the money.…
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China has too many companies involved in the development of electric vehicles. Beijing, therefore, wants to see a consolidation in the market so that these so-called EV companies become bigger and stronger. For years, nurturing the…
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The Chinese government believes that the video game industry should not pursue profit at all costs but should do more to combat addiction among the very young. Beijing is tightening regulations. Games are very lucrative in China.…
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The tense relationship between China and the United States may also have implications for tackling climate change. China's deputy trade minister said climate cooperation could not be separated from the trade issues that have strained…
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