It marks a new dip in bilateral relations with China, which have been frosty for the last five years. Read more at straitstimes.com.
OTTAWA - Canada is freezing ties with the China-led Asian Infrastructure Investment Bank while it probes allegations it is dominated by the Chinese Communist Party, Finance Minister Chrystia Freeland said on Wednesday.
The bank’s global communications director, a Canadian, said on Wednesday he had resigned and criticised the bank as “dominated by the Communist Party”, allegations which the AIIB said were baseless and disappointing. She said as the world’s democracies worked to limit their strategic vulnerabilities to authoritarian regimes, they must be clear about“The review I am announcing today is to be undertaken expeditiously. And I am not ruling out any outcome following its completion,” she said.
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Canada freezes ties with China-led AIIB, probes allegations of Communist dominationOTTAWA :Canada is freezing ties with the China-led Asian Infrastructure Investment Bank (AIIB) while it probes allegations it is dominated by the Chinese Communist Party, Finance Minister Chrystia Freeland said on Wednesday.Freeland said she did not rule out any outcome of the investigation, a clear hint that
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China-led AIIB's comms chief quits, criticises bank's managementBEIJING : The global communications director of the China-led Asian Infrastructure Investment Bank (AIIB) said on Wednesday he had resigned and criticised the bank as 'dominated by the Communist Party', allegations which the AIIB said were 'baseless'. Bob Pickard announced the move on his personal Twitter
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China holds live-fire drills in East China Sea north of TaiwanBEIJING: China began military exercises in the East China sea to the north of Taiwan on Tuesday (Jun 13), including live-fire exercises from warships, as the United States and its allies conduct their drills in the Western Pacific. China routinely conducts exercises along its coast, though the ones ne
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Air Canada to launch direct Vancouver-Singapore flight in April 2024This will be the only non-stop service connecting Canada and Singapore after SIA axes this route in October 2023. Read more at straitstimes.com.
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China cuts short-term borrowing costs as economy slowsSHANGHAI/SINGAPORE :China's central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, in a bid to restore market confidence and prop up a stalling post-pandemic recovery in the world's second-largest economy.The cut to the lending rate signals possible easing for longer-term r
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China's central bank cuts short-term borrowing cost for first time since AugSHANGHAI/SINGAPORE : China's central bank lowered a short-term lending rate for the first time in 10 months on Tuesday, in a bid to restore market confidence and prop up a stalling post-pandemic recovery in the world's second-largest economy.Recent economic data has shown subdued demand and weaker investo
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