Tag Archives: China

Here come the Chinese. Hundreds of thousands of overseas shops in countries all over the world now support Alipay payment in hope of attracting Chinese tourists during the upcoming eight-day national holiday. Sixteen international airports have real-time QR code-scanning tax refund services for Chinese Alipay users, two in the Republic of Korea, and 14 in Europe, according to Ant Financial, the parent company of Alipay. "The holiday is not just a festival for Chinese, but for us as...

Communist Party members should study contemporary capitalism but must never deviate from Marxism, Chinese President Xi Jinping said... “If we deviate from or abandon Marxism, our party would lose its soul and direction,” Xi said. “On the fundamental issue of upholding the guiding role of Marxism, we must maintain unswerving resolve, never wavering at any time or under any circumstances.”Xi said the party should better integrate the basic tenets of Marxism with the “reality of contemporary...

Bannon-backed Ray Moore defeated the  Trump-backed establishment candidate in the Alabama GOP rimary for senator. Fresh from victory, Bannon now smells blood in the water. Trump is now isolated between the GOP establishment he needs to get things done in Washington and his anti-establishment base that wants the "swamp" drained, which means the establishment of both parties. US business is bound at the hip to China as a result of Chinamerica policy. Since the GOP establishment is funded...

New kid on the block.China.org.cnChinese aircraft delivers humanitarian aid in Cuba after Hurricane Irma Xinhua Latin America is an important region with a concentration of developing countries, said Wang. The development and revitalization of the region is an important part of the endeavors to revitalize the emerging markets and developing countries as a whole.China-Latin America comprehensive cooperation is facing new opportunities, he noted. Ecns.cn China, Cuba vow to enhance...

The Chinese view. Global Times | EditorialTrump’s UN address reduces hope of peace on Korean Peninsula

Continuation of part one, previously linked to here at MNE. Asia TimesUS the likely loser of trade war with ChinaKen Moak

The idiots at S&P are at it again, downgrading China's "debt." This asinine rating agency does not understand the distinction between a currency issuing nation (of which, China is one) and a country that doesn't issue currency or, that has debt denominated in another currency.All of China's "debt" is denominated in yuan, which they have the monopoly power to issue. There is zero risk that China wouldn't be able to meet its obligations in yuan.Anyway, what do you expect from a firm...

Fixing the corruption problem in China’s ruling Communist Party is “world class hard” and the battle will never end, the country’s top graft-buster told Singapore’s prime minister in a rare meeting with a visiting foreign leader. Wang Qishan, who heads the party’s Central Commission for Discipline Inspection, has been at the forefront of President Xi Jinping’s fight against deep-seated corruption, and speculation has swirled about whether he will retire or stay on at next month’s key party...

Farms failing to meet environmental requirements will be closed and fewer chemicals will be used in Shanghai's agricultural production. These are part of the city's endeavors to promote the construction of a green and modern urban agriculture. Quality is the name of the game. "Shanghai's agricultural development is more about its ecological function, and compared with quantity, we should focus more on quality," Zhang Guokun, director of the city's agricultural commission, said...

Previous research has shown that China's entry into the WTO in 2001 has had a profound impact on jobs and wages of low-skilled workers in the US in sectors exposed to Chinese imports. The same is not true for Germany. This column argues this is because the import-side trade adjustment to low-cost competition had already happened before the rise of China, because the rise of Eastern Europe offered new export opportunities for German firms, and because China’s love for product quality found a...