Photos of China’s J-10 and J-11 fighter jets at an airfield in western China were posted by the Chinese Communist Party’s Global Times on Tuesday. The newspaper, published under the auspices of the official state mouthpiece People’s Daily, also quoted a Chinese military expert as saying the increased aerial activity was...
The US Treasury’s top diplomat had some less-than-diplomatic words for China last week, decrying what he described as the country’s shift away from market-oriented policy. Speaking at an event hosted by Washington, DC-based think tank The Hudson Institute, David Malpass, undersecretary of the Treasury for international affairs, accused China of...
Word is swirling about Beijing that top leaders are set to meet in the coming days to make leadership decisions, reshaping the country’s top economic policy team and financial regulators. The full Central Committee meeting, according to a report from Bloomberg on Thursday, would approve personnel appointments and government restructuring...
New Zealand has joined the debate over China’s spreading influence in the South Pacific, with a prominent critic of Beijing’s policies complaining of several break-ins at her home and office and a threatening letter. Professor Anne-Marie Brady, an academic at New Zealand’s Christ Church-based University of Canterbury and the Wilson...
Chinese tech giant Tencent has rapidly ascended from twelfth to fourth place in the Top 50 Most Innovative Companies published by Fast Company, a monthly American business magazine, Yicai.com reported. Tencent moved up the list because of its strategy of “content is king,” the report said. Also, the vast number...
Following the successful launch of CryptoKitties in November of last year, Chinese Internet giants Baidu and NetEase have recently unveiled their own blockchain-based games, Yicai.com reported. CryptoKitties is a game in which players can collect, buy and sell virtual breedable cats, and each purchase is recorded on the blockchain. Similar to that,...
Official acknowledgement in China of fraudulent government economic figures has some people placing even more emphasis on the importance of private data, as the country tests its resilience to wide-ranging reforms. Alternative data is largley backing up, or even outperforming, government data, but may show signs of a slowdown. “Private gauges...
In the 1970s, American futurist Larry (Lawrence) Taub gave a series of lectures in Tokyo and made what seemed at the time like outlandish forecasts. Mao Zedong had just died, the Shah of Iran was still ruling Iran, and Leonid Brezhnev was at the helm in the Soviet Union,...
Wang Qishan has been described as cold, calculating and combative by his enemies. Just the sort of skill set his small, select circle of political allies are counting on, including his old comrade, the Chinese President Xi Jinping. At 69, Wang was forced to step down from the all-powerful seven-man...
China’s mobile payments in 2017 totaled 81 trillion yuan, or US$12.77 trillion, as of October according to a report from the Xinhua news agency this week. The volume crushed the total for the whole of 2016, which came in at 58.8 trillion yuan, according to data from the Ministry of...