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View all search resultsHui Ka Yan, once Asia's richest man, pleaded guilty in April to eight charges, including misuse of funds, fundraising fraud, illegally taking public deposits, illegally extending loans, fraudulently issuing securities and bribery.
Visiting after reports of a joint naval drill between Indonesia and China in waters off Taiwan, an analyst says Chinese Foreign Minister Wang Yi’s trip to Jakarta may reinvigorate both countries’ ties after a few years of relatively subdued relations.
China is trying to export its way out of a domestic slump, unleashing what many Western governments call a second "China shock." While this strategy is triggering trade fights abroad, it's also producing a new set of potential beneficiaries at home.
When major economies are running at near full capacity, it is not clear that trade deficits should be a cause for concern, since they represent a transfer of purchasing power from surplus countries. Under the current circumstances, then, China’s widely criticized surpluses might as well be called enrich-thy-neighbor.
First Admiral Tunggul, a Navy spokesperson, said the exercises were not intended for "war fighting", but were merely "passing exercises", which is consistent with Indonesia's non-aligned foreign policy.
Typhoon Dolphin is set to make landfall on China's east coast overnight Sunday, bringing torrential rain and powerful winds, as authorities brace for flooding and landslides across a broad swathe of eastern China.
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