Month: August 2023

Chinese President Xi Jinping has hailed the second world war American general Joseph Stilwell as an “old friend” of the nation in a letter to his grandson, according to state news agency Xinhua. “General Stilwell is an old friend of the Chinese people, who provided active support for China’s liberation and progress, and made positive contributions to the friendly relations between the Chinese and American people,” Xi wrote in the letter. He said Chinese people would not forget Stilwell’s contribution. Stilwell worked closely with Chinese leaders – then under the…

All overseas trips arranged by institutes in Chongqing will have to undergo security screening from Friday, when the southwestern megacity becomes the first to implement a local version of China’s newly expanded national anti-espionage law. The Ministry of State Security in Beijing, China’s top anti-espionage agency, hailed the move as a welcome “first” in a post on its official WeChat account on Thursday, describing the legislation due to take effect in Chongqing as “simple”, “fast” and “effective”. This comes after China in July put in place a drastically amended national…

Still, while the acute challenges faced by Beijing in reviving growth while maintaining financial stability are plain to see, the implications for global markets should be treated with caution, particularly when many other factors are influencing sentiment. 03:12 A look into China’s real estate market: unpaid workers and silent construction sites A look into China’s real estate market: unpaid workers and silent construction sites The big question when it comes to China is the policy response. Much of the investment bank research and commentary suggests the problem is the absence…