China

NAYPYITAW: China's embassy in Myanmar on Sunday (Jul 19) accused the United States of “outrageously smearing” the country and driving a wedge with its Southeast Asian neighbours over the contested South China Sea and Hong Kong, as tensions mount between the superpowers. Responding to US claims that Beijing was undermining the sovereignty of its neighbours, the Chinese embassy said US agencies abroad were doing "disgusting things" to contain China and had showed a "selfish, hypocritical, contemptible, and ugly face". The United States last week hardened its position on the South China Sea, saying it would back countries in the region that challenge Beijing’s claim to about 90 per cent of the strategic waterway. In a statement on Saturday, the US embassy in Yangon called China's actio...

China's economy likely returned to modest growth in the second quarter after a record contraction, as lockdown measures ended and policymakers announced more stimulus to combat the shock from the coronavirus crisis, according to a Reuters poll. BEIJING: China's economy likely returned to modest growth in the second quarter after a record contraction, as lockdown measures ended and policymakers announced more stimulus to combat the shock from the coronavirus crisis, according to a Reuters poll. The world's second-largest economy likely grew 2.5per cent in April-June from a year earlier, reversing a 6.8per cent decline in the first quarter - the first contraction since at least 1992 when official quarterly gross domestic product (GDP) records started, the poll showed. But the expected...

SHANGHAI: China on Friday (Jul 3) reported five new coronavirus cases in the mainland for Jul 2, compared with three cases a day earlier, the health authority said. Three of the new infections were imported cases, the National Health Commission said in a statement, while the capital city of Beijing reported two new cases. There were no new deaths. China also reported four new asymptomatic patients, down from two a day earlier. As of Jul 2, mainland China had a total of 83,542confirmed coronavirus cases, it said. China's death toll from the coronavirus remained at 4,634.

From left, the flags of the Hong Kong Stock Exchange, China and Hong Kong are seen flapping in the wind on May 6, 2019. Hong Kong's new tech index rose on its second day of trading as experts said its diverse list of constituents will be attractive for traders looking to invest across the sector. The Hang Seng Tech Index rose 3.51%, beating the broader Hang Seng index which traded up 0.69%. "It's a really good, I think, list of constituents across multiple slices of the tech sector," said Sam Le Cornu, CEO and co-founder of Stonehorn Global Partners. The tech index was launched on Monday and tracks the 30 largest technology companies listed in Hong Kong that pass the screening criteria. Tech shares are some of the top traded stocks in Hong Kong. The new index trades at about 45 times ...