China’s banking regulator has slapped a 462 million yuan (US$72 million) fine on a bank branch over a massive shell company fraud, as Beijing continues to crack down on financial risks.
For years, Beijing has played a cat-and-mouse game with anyone trying to breach its Great Firewall of internet censorship. Recently, however, it has switched gears from high-tech censorship to old-fashioned shakedown, as the Ministry of Industry and Information Technology forces Chinese and foreign companies to use expensive Chinese software to conduct their internal business.
Beijing has a message for the Trump administration: The more ships you send to the contested waters of the South China Sea, the more we will bolster our presence there.
China’s censors have a new target in a widespread clamp-down on popular culture: the country’s nascent hip-hop scene, which resonated with Chinese youth last year on hugely popular television show “Rap of China.”
President Xi Jinping has escalated China’s war on corruption with a proposed new law that would expand the reach of the Party in an unprecedented manner. Under current law, two formally separate entities deal with cases of corruption: A Party Commission that focuses on illegal and improper conduct by Party members, and China’s judicial system and state agencies which handle corruption cases for everyone else.
A year after President Donald Trump took office, the United States' trade deficit with China looms larger than ever.
The executive in charge of Facebook’s efforts to court China has left the company, a fresh setback for the social network as it seeks to get its products into China’s huge internet market.
Alphabet‘s (GOOG, +0.31%) Google has agreed to a patent licensing deal with Tencent Holdings (TCTZF, +0.86%) as it looks for ways to expand in China where many of its products, such as app store, search engine and email service, are blocked by regulators.
China’s ruling Communist Party will enshrine President Xi Jinping’s political thought into the country’s constitution, state media said on Friday, further solidifying his power following its addition last year to the party constitution.
The Pentagon unveiled its National Defense Strategy, a document that focuses on the "eroding" U.S. military advantage with regard to Russia and China, and will likely influence future spending on weapons systems and other military hardware.
