The Myanmar government has said it does not intend to restart a halted hydro-power dam backed by Chinese funds, the Financial Times reports, offering yet another sign of pushback among Beijing’s Belt and Road Initiative partners. U Thaung Tun, Myanmar’s minister of investment and foreign relations, said that the Myitsone dam would have “enormous impact […]
Category: Politics & Society
The Justice Department has charged Chinese telecoms company Huawei with bank and wire fraud to circumvent US-led sanctions against Iran, the SCMP reports, in the first official details of the high-profile case that has peaked tensions between China and North America. The full indictment consisted of 13 counts against the company, Chief Financial Officer Meng […]
The Malaysian government has scrapped plans for a massive Beijing-backed rail link on the country’s east coast, according to The Star, claiming that the project’s financing was unsustainable. This is the latest withdrawal by the government led by Mahathir Mohamad from Chinese deals signed under the previous Malaysian administration, some of which are suspected of […]
China joined 47 other states and the European Union on Friday to negotiate an international set of regulations to govern e-commerce trading under the World Trade Organisation, claiming to do so out of concern for the future of the organisation, Bloomberg reports. The talks aim to establish preliminary rules that will both regulate and facilitate […]
State-owned utility firm China Three Gorges has halted discussions with European Union regulators over its plans to acquire Portugal’s Energia de Portugal (EDP) for $10.3 billion, two sources told Reuters. China Three Gorges launched a bid to take over EDG, in which it already holds a 23% stake, in May last year, but the deal has […]