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Mar 22, 2023 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

China

China Strongly Condemns 'Terrorist Attack' In Balochistan
China

China Strongly Condemns 'Terrorist Attack' In Balochistan

  • On Thursday, China stated that it "strongly condemns" the bombing of a luxury hotel hosting the Chinese ambassador in Southwestern Pakistan, which killed at least four people.
  • Pakistan's military is fighting an insurgency in the province, and it is host to China's significant strategic infrastructure interests, through the China-Pakistan Economic Corridor.
Updated 22 Apr, 2021 02:19pm
Australia Cancels Belt and Road Deal with China, citing Inconsistency with Foreign Policy
China

Australia Cancels Belt and Road Deal with China, citing Inconsistency with Foreign Policy

  • On Wednesday, Australia announced that it would revoke the Victorian state government's deal to join the Chinese Belt and Road Initiative, stating that it was inconsistent with the nation's foreign policy.
  • The Australian government passed legislation last year that introduced provisions allowing the state to redact any agreements with foreign countries that deemed to threaten national interest.
Updated 21 Apr, 2021 05:39pm
China, Middle East dominate executions in 2020: Report
China

China, Middle East dominate executions in 2020: Report

  • While 2020 saw an overall decline in the number of global death penalties, some countries increased the number of executions they carried out.
  • China is believed to be "the world's most prolific executioner", with Chinese authorities classifying the total number of death sentences and executions as state secrets, making them difficult to verify.
Updated 21 Apr, 2021 03:53pm
China's President Xi calls for more equitable global governance
China

China's President Xi calls for more equitable global governance

  • Chinese President Xi Jinping said on Tuesday that the global governance system should be made more equitable and fair, and that rules set by one country or some nations cannot be imposed on others.
  • Building barriers and pushing for decoupling will harm others and benefit no one, Xi said in his keynote speech at the annual Boao Forum for Asia, China's answer to the Davos conference.
Updated 20 Apr, 2021 01:19pm
Chinese regulators fine Alibaba $2.78 billion over monopolistic market abuse
China

Chinese regulators fine Alibaba $2.78 billion over monopolistic market abuse

  • Regulators in China have punished e-commerce giant Alibaba with a massive $2.78 billion (18.2 billion yuan) fine over practices deemed to be an abuse of the company's dominant (and monopolistic) market position.
  • Alibaba in particular has remained under scrutiny since last year, when co-founder Jack Ma criticised Chinese regulators as being "behind the times", after the company's financial arm Ant Group was investigated.
Published 10 Apr, 2021 01:24pm