SHANGHAI, Jan 14: PayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data, as the U.S. fintech giant eyes a bigger foothold in a booming market for online payments.
BEIJING, Jan 9: Chinese authorities have asked residents in two cities south of Beijing to stay home for seven days as they try to stamp out a COVID-19 outbreak in which more than 300 people have tested positive in the past week.
SHANGHAI/BEIJING, Jan 6: Chinese authorities shut sections of highways running through Hebei province that surrounds Beijing on Wednesday and closed a key long distance bus terminal in the provincial capital Shijiazhuang in efforts to stave off another coronavirus wave.
While Nepali politicians remain motivated by personal gain, they have kept the great powers off balance. Nepal’s political uncertainties, and the record of multiple leaders shifting their priorities and relationships, have created difficulties for either great power to establish firm linkages with Kathmandu.
BEIJING, Dec 31: China approved a COVID-19 vaccine developed by an affiliate of state-backed pharmaceutical giant Sinopharm on Thursday, its first approved shot for general public use as it braces for increased transmission risks over winter.
It would be in better interest of Nepal and Nepali people if NCP and other parties peacefully resolve their differences, restore the parliament and work to realize Nepal’s dream of prosperity and happiness.
SHANGHAI, Dec 28: A Chinese court handed a four-year jail term on Monday to a citizen-journalist who reported from the central city of Wuhan at the peak of last year’s coronavirus outbreak, on grounds of “picking quarrels and provoking trouble,” her lawyer said.
LONDON, Dec 27: China will overtake the United States to become the world’s biggest economy in 2028, five years earlier than previously estimated due to the contrasting recoveries of the two countries from the COVID-19 pandemic, a think tank said.
The COVID-19 crisis has revealed that interconnectedness brings benefits as well as risks to us all. In order to address some of these risks, supply chains will need to be rethought, with more emphasis put on supplier diversification, domestic production, and stockpiling.
BEIJING, Dec 7: China’s exports in November rose 21.1% from a year earlier, after 11.4% growth in October, while imports grew 4.5% last month, from a 4.7% expansion in October, customs data showed on Monday.
This is the best of times and the worst of times. As financial markets celebrate the coming vaccine-led boom, the confluence of epidemiological and political aftershocks has pushed us back into a quagmire of heightened economic vulnerability.
The visit comes in the wake of Chinese government mouthpiece - Global Times - accusing forces within Nepal and beyond of provoking Nepal against China over what it said was a ‘fabricated’ border encroachment in Humla district.
Just as China led the world in economic recovery in the aftermath of the global financial crisis of 2008, it is playing a similar role today. Its post-COVID rebound is gathering momentum amid a developed world that remains on shaky ground.
NEW DELHI, Oct 27: The United States and India signed a pact to share sensitive satellite and map data on Tuesday as U.S. Secretary of State Mike Pompeo warned of the threat posed by an increasingly assertive China.
Although India is competing with China by investing in connectivity in the region, it has not fully embraced economic openness. India's reluctance to provide vital air gateways for Nepal, for example, is the manifestation of that attitude.
NEW DELHI, Oct 20: The Indian army said on Monday that it had captured a Chinese soldier after he strayed across a contested de facto border in the western Himalayan region where both countries have amassed thousands of troops after a deadly clash in June.
Bay of Bengal is now a critical theater for economic and strategic competition. It has always been a connector between South and Southeast Asia but now it is the focal point for competing connectivity initiatives.
BEIJING, Oct 12: Chinese health authorities will test all 9 million people in the eastern city of Qingdao for the coronavirus this week after nine cases linked to a hospital were found, the government announced Monday.
China and the US will use multilateralism, formal and informal, to protect the system within which they have flourished and to solidify the alliances with which they intend to chart their future course.
If the rest of the world wants to cooperate on developing green products and services, China will oblige. If it doesn’t, China will rely on its own formidable strengths to sustain its growth and development.
KATHMANDU, Sept 23: Stating that the buildings constructed by the Chinese side along a Nepal-China border point in Humla district are situated on the Chinese side of the border, the Embassy of China in Kathmandu has asked Nepali authorities to verify the border points as agreed between the two countries in the past.