economics


Opinion: Political risk may be overblown but it shouldn’t be ignored

Should international investors stop fretting about political risk? Judging by the surge in global equities on Monday as investors rejoiced over the near certainty that Emmanuel Macron will win the run-off in the French presidential election after the centrist candidate narrowly beat far-right leader Marine Le Pen in the first round on Sunday, it is tempting to conclude that political risk is overblown. European equity funds, which suffered a staggering US$100 billion in outflows last year as......

Euro rises further in French election relief rally

The euro remained robust on Wednesday morning, poised to gain for a fifth consecutive day after centrist Emmanuel Macron won the first round of the French presidential election. The euro strengthened 0.09 per cent, or 10 basis points, to 1.0936 as of 11.50 am, compared with 1.0926 late Tuesday. On T...

trade


Beijing Hosts APEC Summit

As leaders from member countries gather in Beijing for the APEC summit, China is reportedly taking advantage of the opportunity to promote its plans for a Free Trade Area of the Asia Pacific (FTAAP) as an alternative to the Trans-Pacific Partnership (TPP) being negotiated by the United States which excludes China. However, Beijing's attempts to include calls for an FTAAP feasibility study (with a target date of 2025) in the communiqué to be distributed to leaders at the end of the session was thwarted by the US, with a US trade representative spokesman announcing that the two countries will b...

Trade Drops for Phase 1 of Canton Fair 2014

Held twice a year in the city of Guangzhou, capital of the Guangdong province, the Canton Fair has been running since 1957 and is considered to be the largest trade fair in China. The Canton Fair (full name being China Import and Export Fair) is organized by China Foreign Trade Center and supported ...

China’s e-Commerce Market Booming

As Chinese e-commerce company Alibaba prepares for its IPO through the New York Stock Exchange, the Dalian Wanda group in China announced on Friday that it would be entering into an e-commerce joint venture with Baidu and Tencent Holdings to be registered in Hong Kong. Wanda will own 70 percent of t...

culture


Chalco net profits soar in Q1

(Xinhua) Net profits of the Aluminum Corporation of China Limited (Chalco), China's top aluminum producer, increased sharply in the first quarter. The company made 920 million yuan ($130 million) net profit in the first three months, nearly four... Read more ...

politics


Falun Gong: Marking a Historic Gathering in Beijing

EDMONTON—”It was a day when goodness truly triumphed.” That’s how Michael Cooper, MP for Edmonton-St. Albert, described the April 25, 1999, event in which an estimated 10,000 Falun Dafa adherents gathered in Beijing to peacefully protest the hardening tone of state-run media against their practice and the wrongful arrest of their fellow practitioners in nearby Tianjin. Cooper was speaking at a rally held in Edmonton’s Dr. Wilbert McIntyre Gazebo on April 22 to commemorate the anniversary of the appeal. The rally also heard from Garnett Genuis, MP for Sherwood Park-Fo...

Vienna Parliament Condemns Organ Harvesting in China

The city of Vienna became the first European capital to echo a European Parliament resolution which censures the Chinese regime for its organ harvesting crimes recently. The Vienna Provincial Parliament “condemns the systematic, state-sanctioned organ harvesting from prisoners in the People...