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China approves BlackRock, Temasek, China Construction Bank JVCHINA has approved a wealth management joint venture between US asset manager BlackRock, Singapore state investor Temasek Holdings and China Construction Bank (CCB), as China gradually opens up its financial sector to international firms. Read more at The Business Times.
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China holds another round of naval drills in South China SeaA look at recent developments in the South China Sea, where China is pitted against smaller neighbors in multiple territorial disputes over islands, coral reefs and lagoons. China is holding another round of military drills in the South China Sea amid an uptick in such activity in the area highlighting
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Philippine minister accuses China of fabricating South China Sea claimsMANILA (AFP) - China's 'nine-dash line' used to claim most of the South China Sea is a fabrication, the Philippine defence minister said, as he accused Beijing of illegally occupying The Philippines' maritime territory.. Read more at straitstimes.com.
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Saudi Aramco suspends US$10b China oil refinery venture[SINGAPORE] Saudi Arabia's state oil company has suspended a deal to build a US$10 billion refining and petrochemicals complex in China, according to people familiar with the matter, as the company slashes spending to cope with low oil prices. Read more at The Business Times.
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A Biden administration could herald smoother US-China relations, say Chinese expertsBEIJING - A United States led by former vice-president Joe Biden would be more predictable and smoother for China to deal with, Chinese experts have said, even though they expect a Biden administration to continue taking a tough line on Beijing.. Read more at straitstimes.com.
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In China, where the coronavirus pandemic began, life is starting to look normalSHANGHAI (NYTIMES) - In Shanghai, restaurants and bars in many neighbourhoods are teeming with crowds. In Beijing, thousands of students are heading back to campus for the fall semester. In Wuhan, where the coronavirus emerged eight months ago, water parks and night markets are packed elbow to elbow, buzzing like before.. Read more at straitstimes.com.
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