economics


China’s Central Bank Tells Banks to Stop Doing Business with North Korea: Sources

BEIJING/HONG KONG — China‘s central bank has told banks to strictly implement United Nations sanctions against North Korea, four sources told Reuters, amid U.S. concerns that Beijing has not been tough enough over Pyongyang’s repeated nuclear tests. Tensions between the United States and North Korea have ratcheted up after the sixth and most powerful nuclear test conducted by Pyongyang on Sept. 3 prompted the United Nations Security Council to impose further sanctions last week. Chinese banks have come under scrutiny for their role as a conduit for funds flowing to and from Chi...

Canadians Favour EU, UK as Trading Partners over China

NEWS ANALYSIS As NAFTA negotiations with the United States show slow progress, a new survey shows that more Canadians want to increase trade relationships beyond the United States, with Europe and the U.K.—jurisdictions with similar democratic institutions as Canada—taking the top spots. China 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


politics


Whistleblower of China’s State-Sanctioned Doping Seeks Asylum

The career of an Olympic doctor—who had blazed a trail to success at an early age—came to a screeching halt when she refused to inject the top Chinese gymnasts with steroids. After almost two decades of mistreatment, she is seeking asylum in Germany and has severed all ties with the Chinese Comm...