Fraught with risks, it is seen as a bridge across the sky. Costing nearly US$37 billion, the rail link between Sichuan, a picturesque province in Southwest China, to Tibet will wind its way across breathtaking mountain ranges. Stretching 1,700 kilometers, or more than 1,000 miles, this massive engineering challenge will...
A state-run newspaper has warned that China may target the share prices of American multinational companies dependent on Chinese demand if US President Donald Trump continues to escalate trade tensions between the two countries. The Global Times said China does not want a trade war with the United States, but...
Back in the 1950s Australia was paranoid about “Reds under the bed,” which became local slang for the hidden influence of overseas communists on Australian politics. Today, Russia is no longer a communist state and China has embraced globalization and the market economy, but Australia is still fixated on the...
The Chinese Navy has long embraced a “copycat” approach in vessel and weaponry development, an example of which is its first homemade aircraft carrier, a 21st century replica of an ageing Soviet carrier. The navy has taken short quick steps, trialing gradual innovation through the development of transitional or even...
Escalating trade conflicts could have a ripple effect on financial markets and hurt the global economy, forcing countries to keep interest rates at extremely low levels, central bank chiefs warned on Wednesday. Major central banks have begun moving away from easy-money policies introduced since the global financial meltdown in 2008, so...
When Google decided against renewing a contract with the US Defense Department, American lawmakers sent a testy letter to the internet giant’s CEO, Sundar Pichai, complaining about what it termed a “strategic partnership” with Chinese smartphone brand Huawei, Digital Trends reported. The letter refers to alleged security concerns over...
Small companies in China are starting to feel the pinch after being squeezed in a vice of rising trade tensions and Beijing’s war on cheap credit. In a move to ease monetary policy, which had been tightened to clamp down on debt bubbles forming in state-owned enterprises and the broader...
Rugged mountains in the county of Wushan, a reclusive backwater under the jurisdiction of the southwestern municipality of Chongqing, have been flattened for a 2,600-meter runway plus an apron and a control tower of a new airport there, which literally straddles the magnificent, 1,200-meter-deep Qutang Gorge of the Yangtze...
While it has been reported that the Chinese government has reached a preliminary deal with Manila to open its doors to Filipino domestic workers after a thaw in bilateral relations, municipal governments throughout China still tend to restrict the hiring of foreign maids, while Beijing appears to be taking...
A disgraced senior executive of the state-owned China Shipbuilding Industry Corp (CSIC) is said to have fed US spies highly classified information, including the design and specifications of the Liaoning aircraft carrier that underwent years of refurbishment at CSIC’s Dalian Shipyard. CSIC general manager Sun Bo, the second-highest-ranking executive at the...