Zimbabwe plans to adopt the Chinese yuan as legal tender in return for debt cancellation worth about $40m – a move one economist predicted “has no future at all”. China has become the largest investor in Zimbabwe, which has been shunned by the West over its human rights record and[…]
Chinese Foreign Minister Wang Yi said the Philippines’ case against China at an arbitration tribunal over rival claims in the South China Sea had strained relations and that it was up to the Philippines to heal the rift. Beijing’s claim to almost the entire South China Sea is shown on[…]
China will ease family planning restrictions to allow all couples to have two children after decades of the strict one-child policy, the ruling Communist Party said on Thursday, a move aimed at alleviating demographic strains on the economy. The policy is a major liberalization of the country’s family planning restrictions,[…]
China has punished 197 people in a special campaign by police targeting online rumours about China’s stock market, the recent fatal explosions in Tianjin and “other key events”, state media reported. No details of the punishments were given, but according to the report, the crimes punished included claiming a man[…]
China has formally detained a dozen people over huge explosions in the city of Tianjin this month that killed at least 139 people, and has accused 11 officials and port executives of suspected dereliction of duty or abuse of power. Anger over safety standards is growing in China, after three[…]
South Africans are facing tough economic times ahead as the country faces the biggest currency decline in years. The rand hit a new low earlier this week coming in at R14 to the dollar, a result of a stock market crisis that is threatening to cripple the Chinese economy. China’s[…]
Chinese stocks have tumbled another 6.41 percent on the opening of its markets on Tuesday, extending Monday’s nine percent plunge. The stock market falls follow China’s move to devalue its currency earlier this month and have triggered global fears that all is not well in the world’s second-biggest economy. Al[…]
Chinese authorities say police have arrested 15,000 people on suspicion of cybercrime, including hacking, online fraud and illegal sale of personal information. The Ministry of Public Security said on Tuesday that police have investigated more than 7,400 cases of alleged online crimes, leading to the arrests. It did not say[…]
China on Saturday evacuated residents who had taken refuge in a school near the site of two huge explosions, state media said, after a change in wind direction prompted fears that toxic chemical particles could be blown inland. The evacuation came as a fire broke out again at the site[…]
Investigators searched for clues on Friday to identify what caused two huge explosions at a warehouse storing volatile chemicals at a busy port in northeast China, as foreign and local companies assessed the damage to their operations. The blasts in the city of Tianjin on Wednesday night killed at least[…]
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