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Posted on November 27, 2020

China reports five new COVID-19 cases vs 21 a day earlier

SHANGHAI (Reuters) – China on Friday reported five new coronavirus cases in the mainland for Nov. 26, compared with 21 cases a day earlier, the health authority said. All of the new infections were …

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Posted on November 27, 2020

How Parent of BMW’s China Partner Drove to the Brink of Bankruptcy

BEIJING (Reuters) – In October 2003, the first China-made BMW 325i sedan rolled off a new production line owned by the German luxury brand and its joint venture partner, Brilliance, a subsidiary of …

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Posted on November 27, 2020

China imposes swingeing tariffs on Australian wine in ‘devastating blow’ to exporters

China has hit Australian wine with tariffs that will double or triple its price, making the market “unviable” for exporters according to the trade minister, Simon Birmingham. “This is a devastating …

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Posted on November 27, 2020

China braces for more defaults among state firms in 2021 — and that could be a good thing

Fitch Ratings said the number of defaults among Chinese state-owned enterprises could “rise marginally” in 2021 as funding conditions tighten.

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Posted on November 27, 2020

‘Do Not Fear Death’: China’s Xi Orders Soldiers to Train Harder to Win Wars

In an address to the Central Military Commission, which he chairs, Xi Jinping told his troops to focus on preparing for war.

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Posted on November 27, 2020

A Soaring Monument to Beauty in China Is Stirring Passions. Mostly Anger.

As China fights to end extreme poverty while also recovering from the economic damage of the coronavirus, the supposed wisdom of building huge statues in poorer areas to grow tourism is coming under …

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Posted on November 27, 2020

Exclusive: Venezuela resumes direct oil shipments to China despite U.S. sanctions

Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv Eikon vessel-tracking data and internal documents …

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Posted on November 27, 2020

How AI and big data helped China’s tech giants dominate consumer finance

The aim is to build a much more accurate picture of a user’s credit profile by using a range of online data as opposed to traditional credit scoring.

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Posted on November 27, 2020

Bhutan plays paramount role in India-China tensions, says EFSAS

As relations between India and China sour, the role of Bhutan has become paramount with its internal developments having important implications in terms of how these countries position themselves …

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Posted on November 27, 2020

Nepal, China To Announce Revised Height Of Mount Everest Soon: Report

Nepal and China will jointly announce the revised height of Mt Everest, the world’s highest peak, probably during the upcoming visit of the Chinese defence minister to the Himalayan nation, according …

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