China’s Banking Crisis Intensifies Amid Escalating Property Sector Issues

by NewsdeskAsia NewsChinaWorld News30 August 202330 August 2023

Reading Time: 3 minutes Goldman Sachs analysts said the distress in China’s property market could trigger 1.9 trillion yuan of credit losses, based on a 10% loss rate derived from recent cracks in the…

China’s Aging Population In the Hook

by Newsdesk-Top NewsAsia NewsChina24 August 202324 August 2023

Reading Time: 3 minutes Rising healthcare costs and corruption hit China’s millions of elderly people hard. Three years of the zero-Covid policy, wobbly economic conditions, a fast ageing population with shrinking workforce and sluggish…

Order of South Africa awarded to Xi

by Newsdesk-Top NewsAfrica NewsChina23 August 202323 August 2023

Reading Time: < 1 minute The Order of South Africa is the highest decoration and the highest honor that South Africa awards to an important and friendly head of state….reports Asian Lite News Chinese President…

Xi Jinping: China-South Africa Ties Hold Global Influence

by Newsdesk-Top NewsAsia NewsChina23 August 202323 August 2023

Reading Time: 4 minutes Chinese President made the remarks when jointly meeting the press with his South African counterpart, Cyril Ramaphosa, after their talks…reports Asian Lite News Chinese President Xi Jinping said on Tuesday…

Evergrande’s bankruptcy warning on growth strategy

by NewsdeskBusinessChinaEconomy20 August 202320 August 2023

Reading Time: < 1 minute Evergrande’s liquidity crisis was just the beginning of the pain. …reports Asian Lite News Property developer Evergrande’s US bankruptcy serves as a cautionary tale about the growth-at-all-costs model that underpinned…

China’s property woes deepen with Evergrande’s bankruptcy

by Newsdesk-Top NewsBusinessChina19 August 202319 August 2023

Reading Time: 3 minutes A sudden shift in policy by China’s leaders two years ago has left the country’s property developers scrambling for cash, compounding financial risks within the world’s second-largest economy. The filing…

Xi to attend BRICS Summit

by Newsdesk-Top NewsAsia NewsChina18 August 202318 August 2023

Reading Time: 2 minutes Xi Jinping to Join 15th BRICS Summit, Embark on South Africa State Visit (Aug 21-24)…reports Asian Lite News The Chinese foreign ministry has announced that President Xi Jinping will attend…

India ahead of China in battle for railways in Nepal

by Newsdesk-Top NewsChinaIndia News9 August 20239 August 2023

Reading Time: 6 minutes In the past few years, Nepali leaders had  been advocating making the Himalayan country a bridge between India and China. For this, transport connectivity with both neighbours would be important…reports…

Peking Snubs Pakistan

by NewsdeskAsia NewsChinaPAKISTAN8 August 20238 August 2023

Reading Time: 3 minutes Pakistan has little to rejoice after the visit of Chinese Vice Premier He Lifeng. Pakistan government’s declining capability and credibility in tackling internal security challenges is not reassuring for Chinese…

ELEMENTS WAR: China throws a spanner in tech & research

by NewsdeskArab NewsAsia NewsChina7 August 20237 August 2023

Reading Time: 4 minutes Asian Lite analyses the pros and cons of the Chinese Curbs on rare elements gallium and germanium. The two metals are part of a group of around 30 raw materials…