The sovereignty of certain nations was recently questioned by a Chinese Ambassador. Following recent statements by a Chinese envoy who questioned the sovereign status of former Soviet countries, a spokesperson of the Chinese foreign ministry clarified that China respects the sovereignty of these nations. The spokesperson added that China was among the first nations to establish relations with the newly created countries. This clarification from Beijing came after the controversial remarks made by the Chinese envoy during an interview with French television. TASS agency quoted Mao Ning, a spokesperson of the Chinese Foreign Ministry as saying, “Since the inception of diplomatic relations, China has always adhered to the principle of mutual respect and equal treatment while fostering bilateral relations of friendship and cooperation. China respects the sovereign status of the republics that were founded after […]
On Monday, the China Foreign Exchange Trade System reported that the central parity rate of the Chinese currency Renminbi, also known as Yuan, has weakened 83 pips to 6.8835 against the US Dollar. It is important to note that in China’s spot foreign exchange market, trading of yuan is allowed to fluctuate up to two percent from the central parity rate each trading day. The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. NAN
China’s auto market, the biggest in the world, is quickly transitioning to electric vehicles – leaving traditional global brands lagging behind. China is the world’s largest automotive market and is quickly transitioning to electric vehicles. Many established global brands have been slower to transition, which has put them behind their competitors. When auto executives convene […]
China’s Labour Contract Law states that employers must provide economic compensation when they lay off workers or shut down factories. However, March 2023 data from the China Labour Bulletin shows that workers are protesting due to companies relocating and avoiding their responsibility to fully compensate employees. Reports suggest that the practice of disguised resignations allows […]
China’s economy experienced its quickest growth rate in the past year during the first quarter, largely due to the conclusion of Covid-Zero and improved consumer and industrial activity, demonstrating that the recovery is proceeding as expected. Gross domestic product expanded 4.5% in the January-to-March period from a year prior, data released by the National Bureau […]
The former office of the America ChangLe Association, described by U.S. authorities as a Chinese secret police station masquerading as a social gathering place for people from China’s Fujian province, in the Chinatown neighborhood of New York City, on April 17. One of two men arrested for allegedly operating a secret police station for China […]
“China is starting to target western interests in the country after five years of snowballing trade and technology restrictions spearheaded by the US under presidents Donald Trump and Joe Biden,” The Financial Times reports.“Over the past two months, Chinese officials have slapped new sanctions on US weapons companies Lockheed Martin and Raytheon, launched an investigation […]
Bangladesh is set to pay off its pending obligations to Russia in Chinese yuan rather than the US dollar. The total debt amount for the Rooppur power plant, which is currently under construction, is reported to be $110 million and will be paid to Moscow in the Chinese currency. The development came amid increasing de-dollarisation […]
The city of Hong Kong was recently visited by a television crew for the purpose of filming a documentary series about the culture of the area. Led by the Japanese boy band Johnny’s West, the crew was quickly won over by the delectable cuisine they experienced while exploring the city, with social media being flooded […]
A 24-year-old man from Shanghai has provoked controversy after utilizing Artificial Intelligence (AI) to bring his grandmother “back from the dead”, and releasing recordings of his conversations with her. The man had an especially strong connection to his grandmother, who took over the parental role for him after his parents divorced when he was a […]
