The firm did not release total sales revenue for the period but said 45 brands – including Apple, Haier, Midea and Xiaomi – surpassed 1 billion yuan ($138.62 million) in gross merchandising value (GMV), a commonly used measurement for online sales. China’s largest e-commerce company Alibaba Group said it recorded “robust growth” in sales and […]
Read MoreThe incident took place a day before Zhuhai Airshow, organised by Chinese People’s Liberation Army (PLA). At least 35 people were killed and another 43 injured after a 62-year-old driver rammed his car into people exercising at a sports center in southern China’s Zhuhai city on Monday, AP reported. According to police officials, the driver […]
Read MoreBEIJING: Senior Russian official Sergei Shoigu on Tuesday (Nov 12) told China’s foreign minister Wang Yi their two countries’ most urgent task should be countering “containment” by the United States, as they met for security talks in Beijing. Moscow and Beijing have expanded military and defence ties since Russia ordered troops into Ukraine nearly three […]
Read MoreJapanese lawmakers voted on Monday for Prime Minister Shigeru Ishiba to stay on as leader, after his scandal-tarnished coalition lost its parliamentary majority in a lower house election last month. Ishiba, who called the snap poll after taking office on Oct. 1, must now run a fragile minority government as protectionist Donald Trump returns to […]
Read MoreAuthorities increased the amount of debt local governments are allowed to raise through special bonds by 6 trillion yuan ($836 billion) over the next three years. China unveiled a 10 trillion yuan ($1.4 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, but officials refrained from announcing direct […]
Read MoreWith Donald Trump set to become the next US president after the recently closely contested presidential polls, India and other Asian countries are expected to benefit due to rising US-China tensions and potential investment restrictions in strategic sectors, as per Moody’s Ratings. “In the Asia-Pacific region, trade and investment flows might be further diverted away […]
Read MoreChina has unveiled an ambitious plan to relieve public debt, aiming to turn local governments away from belt-tightening practices that have exacerbated a domestic downturn. Policymakers gathered in Beijing this past week approved a proposal to swap six trillion yuan ($840 billion) of hidden debt belonging to local governments for official loans with more favourable […]
Read MoreThe US is Japan’s most important economic and security partner, while Tokyo is a key Washington ally in Asia, providing bases that allow it to keep a large military presence on China’s doorstep. Japanese Prime Minister Shigeru Ishiba hopes to meet US President-elect Donald Trump in the United States this month, four sources said, in […]
Read MoreThe alleged jamming comes a week after the North test-fired what it said was its most advanced and powerful solid-fuel ICBM missile. North Korea staged GPS jamming attacks on Friday and Saturday, Seoul’s military said, an operation that was affecting several ships and dozens of civilian aircraft in South Korea. The alleged jamming comes a […]
Read MoreChina unveiled a 10 trillion yuan ($1.40 trillion) debt package on Friday to ease local government financing strains and stabilise flagging economic growth, as it faces fresh pressure from the re-election of Donald Trump as U.S. president. The measures confirm last week’s Reuters report, and mark a departure from the all-out stimulus strategies to revive […]
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