Buoyed by its massive foreign-exchange reserve, China has spent billions of dollars to boost its soft power. Direct Chinese television broadcasts and Confucius Institutes around the world are aimed at winning the world’s respect. But a series of political scandals showing a total lack of regard for China’s rule of law have punctured claims about the Chinese system’s superiority
Budapest: Fitch Ratings downgraded Hungary's credit grade to junk status on Friday, citing a standoff between the country and the European Union and the International Monetary Fund over rescue loans. Fitch, which followed similar moves from Moody's and S&P, kept a negative outlook, indicating a more than a 50 per cent chance for another downgrade within the next two years
Mumbai: Reliance Industries has mutually agreed to end negotiations with Bharti Enterprises to buy its stakes in two insurance joint ventures with France's AXA,...
Zhong Li -
With all the cities in the world from which to choose, why is Hong Kong so popular? It has to do with the rule of buying what you know: Hong Kong is the most popular destination for Chinese tourists – it’s nearby and it’s a city where many speak Mandarin. What’s more, the rising yuan goes a long way in Hong Kong, a special administrative region that remains nominally under Chinese rule but whose currency is pegged to the U.S. dollar.
Thailand Business News In today’s market, Thailand's condominium act implemented 20 years ago is obsolete. It is inconsistent and counterproductive to the wants and needs of the local property market because it blocks out foreign demand for Thai properties