News
China oil rig to keep drilling in waters disputed with Vietnam
A Chinese oil rig at the center of last year’s standoff between China and Vietnam will continue drilling not far from Vietnam’s coast, China’s maritime safety authorities said on 25 August. The deployment of the $1 billion deepwater rig last year about 120 nautical miles off ...
Great fall of China sinks Thai, world stocks
Thai shares are heading towards a bear market after falling by 4.73% Monday in the deepening global equities rout. There are major concerns over an imminent US interest rate hike and the Chinese-led economic slowdown fuelled a continuing exodus from risky assets. Securities analysts warn the correction ...
Chinese steel may flood Vietnam market
After the strong depreciation of the Chinese yuan, steel industry insiders have warned local steel producers that Chinese steel products could flood the Vietnamese market, causing difficulties for them. Vice-Chairman of the Vietnam Steel Association Nguyen Van Sua said although in recent years, the local steel ...
China, ASEAN to strive to end talks on upgraded FTA
Chinese Commerce Minister Gao Hucheng said on 23 August that both China and ASEAN have agreed to strive to bring to an end their negotiation on an upgraded version of the China-ASEAN Free Trade Area before the end of this year. “Progress has been made in ...
Dams 'destroying Mekong fish stock'
Fishermen in delta and Northeast Thailand say dams in China and Laos have hit breeding and yields, forcing many to quit. Mekong River fishermen have already suffered dramatically from dams and irrigation works, which have decimated fish stocks and undermined livelihoods that supported families for generations.Nguyen Anh ...
Chinese tourists head to Thailand despite bombing fears
Busloads of visitors from China flocked to Bangkok’s glittering Grand Palace on 21 August but, days after a bomb at another of the city’s popular attractions killed five Chinese tourists, Thailand’s biggest spending holidaymakers are rattled. The attack on a Hindu shrine, particularly popular with Chinese devotees, did ...
China factory index hits 6-year low
A key indicator of China’s manufacturing activity slumped to a 77-month low in August, an independent survey showed on 21 August, fuelling concerns of further deceleration in the world’s second-largest economy. The preliminary reading of Caixin’s Purchasing Manager’s Index (PMI) came in at 47.1 this month, ...
Shanghai shares plunge another 5%
Shanghai shares fell more than 5% on 19 August, extending their largest daily fall in more than three weeks on concerns of waning government support. The benchmark Shanghai Composite Index dropped 5.04%, or 188.74 points, to 3,559.42 during the morning session. Keep reading ...
Study links polluted air in China to 1.6 million deaths a year
Outdoor air pollution contributes to the deaths of an estimated 1.6 million people in China every year, or about 4,400 people a day, according to a newly released scientific paper. The paper maps the geographic sources of China’s toxic air and concludes that much of the smog that ...
Vietnam index drops to below 600 points amid devaluation fear
The Vietnam Stock Index or VN-Index slumped for four straight days amid currency devaluation fear, closing at 589.03 points on 14 August. According to stock experts, the decisions of China’s central bank to devalue the Chinese yuan and the decision of Vietnam’s central bank to widen the exchange ...
