:China's Alibaba Group Holding Ltd forecast annual revenue to grow at its slowest pace since its 2014 debut and its second-quarter results missed expectations amid slowing consumption in the country and tighter regulatory scrutiny.
The company last week recorded its slowest sales growth during its annual Singles' Day, the world's biggest online shopping fest. Regulatory crackdown had also hurt Chinese gaming and social media giant Tencent Holdings, which posted its slowest quarterly revenue growth since it went public in 2004.
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China, US agree to ease restrictions on journalists: China DailyBEIJING: China and the United States will ease restrictions on access for journalists from each other\u0027s countries, the official China Daily reported late on Tuesday (Nov 16), citing unnamed Chinese foreign ministry sources. A consensus on journalist visas, among other points, was reached before the virtual
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China coast guard uses water cannon against Philippine boatsChinese coast guard ships blocked and sprayed a powerful stream of water at two Philippine boats carrying supplies to troops at a disputed South China Sea shoal, prompting Manila to order Beijing’s ships to back off and warn that its supply vessels are covered by a mutual defense treaty with the United States, Manila’s top diplomat said Thursday. Philippine Foreign Secretary Teodoro Locsin Jr. said no one was hurt in the incident on Tuesday, but the two supply ships had to abort their mission to provide food to Filipino forces occupying Second Thomas Shoal, which lies off western Palawan province in the Philippines’ internationally recognized exclusive economic zone. Locsin said in a tweet that the three Chinese coast guard ships’ actions were illegal and urged them “to take heed and back off.”
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China has no plans to replace foreign technology, says foreign ministryBEIJING: China has no plans to replace foreign technology, Chinese foreign ministry spokesman Zhao Lijian said on Thursday (Nov 18), in response to a media report which said China was accelerating efforts to replace US technology. Bloomberg reported on Nov 16 that China has empowered a government Rubbish
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Taiwan commissions advanced new F-16s as China threat growsTaiwan President Tsai Ing-wen lauded military cooperation with Washington on Thursday as she commissioned the first combat wing of F-16 fighters upgraded with U.S. help to bolster the island's defences during rising tensions between Taipei and Beijing. Frequent Chinese and U.S. military exercises in the region have raised fears of conflict touched off by a crisis over democratically-ruled Taiwan, which Beijing claims as its own territory. Tsai told a ceremony at an air base in the southern Taiwanese city of Chiayi to unveil the first squadron of its most advanced F-16s, the F-16V, that the project showed the firm commitment of the Taiwan-U.S. partnership. Taiwan is an island state away from mainland.Its people hv built it up for about 70yrs.They hv many differences in btwn them.Why must they be put under China jurisdiction like HongKong. Why does China want Taiwan so badly ? Is it just too greedy?
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Fatigue and frustration as China presses strict zero-Covid strategyNearly two years into a pandemic that has seen China pursue some of the world's most stringent coronavirus measures, some grumbling has started to emerge over the strategy, particularly as other nations learn to live with the virus.
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Olympics: Wary hopes in Beijing over China hockey team's Olympic chances(Adds byline, no changes to text)By Gabriel CrossleyBEIJING : Amid concerns that China's men's hockey players are not good enough to compete on home ice in next year's Winter Games, veteran amateur players in Beijing are bracing for a rough ride but still hope they can see the team in action.
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