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Chinese analysts defend Sino-India trade imbalance
China's growing surplus in trade with India, an issue of concern to New Delhi, is difficult to resolve and is likely to widen, Chinese experts said. The trade imbalance has come up during the current India visit by Chinese Premier Li Keqiang. Trade between India and China is one of the fastest growing, although the two Asian neighbors have longstanding border disputes that resulted in a ...
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Portuguese firms to tap into Indonesias business potentials
Following in the steps of its European neighbors, dozens of Portuguese firms are visiting Indonesia to seek business partnerships and explore untapped local business opportunities. The delegation, touted to be the biggest Portuguese business mission to the country, highlighted its new interest in Indonesia, predicted to be among the world's 10th biggest economies within the next decade, ...
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Annual fishing ban on South China Sea begins today
An annual fishing ban on the northern part of the South China Sea will begin on Thursday, aiming to further protect marine resources and promote environmental awareness among ...
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Gold price opens higher in Hong Kong -- May 21
/enpproperty--> HONG KONG - The gold price in Hong Kong went up HK$320 to open at HK$12,930 per tael on Tuesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to $1,398.67 a troy ounce, up $34.62 at the latest exchange rate of $1 against ...
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Hong Kong stocks retreat ICBC shares drop
HONG KONG (MarketWatch) -- Hong Kong stocks on Tuesday retreated after a three-day winning streak, with Industrial & Commercial Bank of China Ltd. sliding on news Goldman Sachs Group Inc. sold the remainder of its stake in the Chinese lender. The Hang Seng ...
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Underground Banking The China-hk-macau Triangle
According to a Reuters feature article, as China’s economy and financial markets mature and gain in sophistication, so too does a vast underground banking industry offering swift, cheap and low risk cross-border fund transfers - shifting hundreds of millions of dollars each day. Penned by James Pomfret and Matthew Miller, the expose details how much of that activity is conducted openly on ...
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HONG KONG K-pop’s G Dragon eager for challenge of solo tour
The King of K-pop says reigning on a solo tour is a challenge but one he wouldn’t want to miss.G Dragon says he tries to separate his solo performances from how Big Bang performs. The band works as a team, and G Dragon says the concept is of artists collaborating. But "when I perform as a solo, I think a lot about what I always wanted to do but have not done yet,"He says he asks ...
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Macau economy punches way above its weight
Macau’s economy is set for a continued period of rapid growth over the next decade as Asia tops the charts in terms of revenue gained through gaming industries, but there is more to our little city-state than just casinos and hotels.
Macau is the Monaco of Asia. Although legally part of the Peoples Republic of China, this small little territory, just 29 kilometers squared and one of the most densely populated in the world, exists under the ‘one country, two systems’ policy of the Chinese government and therefore has its own internal legal system and political makeup. It is this which has enabled Macau, a tiny city-state with no natural resources, to develop one of the highest GDPs per capita in Asia, after Singapore. Read more
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