China’s northwestern desert has been told to brace for big floods this summer. The warning comes after the Taklamakan Desert, the country’s largest sandy area, saw its first flood of the year in early June. Video shows water pouring over dunes that usually stay dry. Heat is a major culprit. In m
China has begun drawing on its commercial oil stocks to counter the shortage caused by the war in Iran. The country’s biggest buyer of petroleum is also cutting refinery output and limiting fuel exports to keep the situation stable. Experts estimate that China will pull about one million barrels
China has spent decades building a powerful weapons industry. The country now appears in the top five worldwide when it comes to selling military gear, according to a respected global tracker. Yet the real story is more nuanced than those numbers suggest. A key problem is that China’s armaments hav
Chicago’s mayor has a rule: no campaign money from companies that do city work. But over the years, money still slips through. This time, an IT firm called EKI-Digital—already under fire for possible overbilling—sent a $250 donation to the mayor’s campaign. The timing is awkward. Just last year, the
Hong Kong’s position as a leading offshore wealth center is under pressure after it edged past Switzerland in recent rankings. The main challenge comes from China’s fresh clampdown on cross‑border stock trading, which threatens the city’s financial stability. Beijing has ordered three major online b
China’s President Xi Jinping is heading to North Korea this week for talks with Kim Jong Un, marking his first visit in seven years. According to North Korea’s official newspaper, Xi plans to strengthen ties between the two countries and push back against what he calls "hegemony" and military threat
China rolled out a national price‑cut program for drugs in 2016 to make cancer treatments cheaper and easier to get. The plan has helped more people buy life‑saving medicines, but it is not working equally across the country. In a recent study researchers looked at how well patients in different
Hong Kong’s tech scene got a vote of confidence this week when GF Securities gave a thumbs up to Beijing Fourth Paradigm Technology’s Class H shares. The bank kept its “buy” label alive and penciled in HK$61. 53 as a future price target. That sounds ambitious when you compare it to yesterday’s closi
China has pulled back on buying crude oil, with imports falling to a decade‑old low in May. The drop is driven by weak global demand, fewer refinery runs, and the country’s ability to tap into its large stockpiles. Because many refineries are running at lower capacity, China does not need to buy as
China sharply rebuked the trip of Czech Senate President Milos Vystrcil to Taiwan, claiming it violated Prague’s official stance and meddled in Beijing’s domestic matters. Vystrcil, a member of the centre‑right ODS party, headed a business delegation that will meet Taiwan’s President Lai Ching‑te
