News
China explosion: Tianjin death toll rises in port blasts
At least 44 people are now known to have died, and more than 500 injured, following two major explosions in China’s northern port city of Tianjin. Twelve firefighters were among the dead, China’s official Xinhua news agency said as it reported a doubling of the death ...
China's currency devaluation could spark 'tidal wave of deflation'
China’s devaluation of the yuan has sent shockwaves through global markets. Edwards, of the bank Société Générale, argues that as well as creating a challenge for China’s Asian rivals, by making its exports more competitive, a cheaper yuan will send “a tidal wave of deflation” breaking ...
Yuan devaluation seen reigniting currency wars in Asia
A measure of the region’s 10 most-traded currencies excluding the yen is set to decline for a third year, its longest losing streak since 1997, amid signs the US will raise interest rates for the first time in a decade. The People’s Bank of China’s cut ...
China devalues yuan by 2% to boost flagging economy
China has devalued its currency to boost flagging exports in a move that risks deepening the global currency war. After recent data showing falling exports and a stalling manufacturing sector, the central bank said on 11 August that it was allowing the yuan to weaken by nearly ...
Myanmar Government trumpets pledges from China
Amid accusations that it caved in to Chinese pressure, the government has been at pains to show that its release in a presidential amnesty last week of 153 Chinese illegal loggers was accompanied by a number of pledges it has managed to extract from Beijing. The ...
China manufacturing index hits two-year low: survey
A key gauge of Chinese manufacturing activity plunged to a two-year low in July, an independent survey has showed, the latest data suggesting the world’s second-largest economy faces challenges in the third quarter. The final reading of Caixin’s Purchasing Managers’ Index came in at 47.8 for ...
Jungle Vegas: How China's gamblers are pouring into a casino in Laos' notorious Golden Triangle
Kings Romans, a Chinese-owned casino complex in Ton Pheung district, Bokeo, is the centrepiece of a 10,000-square metre “Golden Triangle Special Economic Zone” set up by communist-ruled Laos with investment from its giant neighbour. The other Golden Triangle nations, Thailand and Myanmar sit just across river, ...
Thailand wants to buy submarines from China, US wary of growing relationship between military junta and Beijing
The Royal Thai Navy claims it urgently needs more submarines to compete with other Asian countries. The assistant commander made the claim aimed at persuading a skeptical public that the nation should invest in its military in a white paper sent to reporters, the Bangkok Post ...
Authorities charge Chinese man with illegally transporting Cambodians
Cambodian human trafficking authorities have charged a Chinese national with attempting to illegally transport 18 men to work in China in what one government official said was the first such case of trafficking Cambodian men to the country. Anti-human trafficking police, who are part of the ...
Chinese loan for Cambodia's rice sector on hold
A project to build 10 warehouses to store rice paddy using Chinese funding has hit a roadblock, as the Cambodian government has been unable to meet criteria set by the Chinese for the project, according to an official associated with the project. Keep reading ...
