Latest Greater China News

Laos opens railway to China as debt to Beijing rises

Dec. 03, 2021 20:49 PM EST

BEIJING (AP) — After a blessing by Buddhist monks, Lao Prime Minister Phankham Viphavanh on Friday rode the first run of a $5.9 billion Chinese-built railway that links isolated, mountainous Laos with southern China in an effort to increase trade. Both governments tout...

Olympic champion Goggia dominant in downhill; Shiffrin 26th

Dec. 03, 2021 17:08 PM EST

LAKE LOUISE, Alberta (AP) — Reigning Olympic champion Sofia Goggia of Italy won the first downhill race of the women's World Cup season by a whopping margin of nearly 1 1/2 seconds on Friday, with Breezy Johnson second and her American teammate Mikaela Shiffrin back in 26th. ...

Struggling Chinese developer warns it could run out of money

Dec. 03, 2021 14:40 PM EST

BEIJING (AP) — A Chinese developer that is struggling under $310 billion in debt warned Friday it may run out of money to “perform its financial obligations” — sending regulators scrambling to reassure investors that China’s financial markets can be protected from a potential...

No currency manipulator labels from US, China on watch

Dec. 03, 2021 12:14 PM EST

WASHINGTON (AP) — The Biden administration will not designate any country as a currency manipulator, but it did name China, Vietnam and Taiwan among the nations that have failed to live up to global agreements not to use their currencies to gain unfair trade advantages. ...

Column: Women's tennis leads lonely fight for human rights

Dec. 03, 2021 07:54 AM EST

If Thomas Bach or Adam Silver need some pointers on standing up for human rights instead of the bottom line, they should give a call to Steve Simon over at the women's tennis tour. Finally, someone picked right over the almighty yuan. Treading...

WHO says measures used against delta should work for omicron

Dec. 03, 2021 05:56 AM EST

MANILA, Philippines (AP) — Measures used to counter the delta variant should remain the foundation for fighting the coronavirus pandemic, even in the face of the new omicron version of the virus, World Health Organization officials said Friday, while acknowledging that the travel...

US steps up disclosure pressure on Chinese companies

Dec. 03, 2021 04:03 AM EST

WASHINGTON (AP) — Chinese companies will have to disclose more information about audits and whether they are controlled by a government or else leave U.S. stock markets under a rule approved by securities regulators. The rule approved Thursday by the Securities and...

Chinese developer warns it might not pay $400 million bond

Dec. 03, 2021 03:04 AM EST

BEIJING (AP) — A Chinese real estate developer warned Friday it might fail to pay off a $400 million bond due next week, adding to financial strains in an industry that is struggling to avoid defaults on billions of dollars of debt. Kaisa Group Holdings Ltd.,...

Solomon Islands politician wants diplomatic ties with Taiwan

Dec. 03, 2021 02:13 AM EST

TAIPEI, Taiwan (AP) — The head of the most populous province in the Solomon Islands said the country would likely switch diplomatic ties back to Taiwan if the prime minister is ousted from his post following next week's no-confidence vote, after looting and violent protests shook the...

China's Didi to leave US stock market amid tech crackdown

Dec. 02, 2021 23:54 PM EST

BEIJING (AP) — China's dominant ride-hailing service, Didi Global Inc., said Friday it will pull out of the New York Stock Exchange and shift its share trading to Hong Kong as the ruling Communist Party tightens control over tech industries. Didi gave no explanation,...