From the Associated Press: Citigroup, HSBC and other foreign banks marked their local incorporation in China on Monday, a rite of passage after years of biding their time on the sidelines of one of the world’s fastest growing financial markets. Citigroup Inc. and Britain’s HSBC Holdings PLC were among four foreign banks approved to incorporate […]
Read MoreFrom Seattlepi.com: Taiwan is considering abandoning its long-standing policy of recognizing Mandarin Chinese as the island’s only official language, the premier said Tuesday, in a move that would likely anger rival China. Su Tseng-chang said the Cabinet is examining a draft for a “National Language Development Act” to promote the use of local dialects and […]
Read MoreFrom AsiaNews.It: Kim Jong-il , the North Korean leader, last week told a South Korean envoy he would get rid of his country’s nuclear arms once diplomatic ties with the US are “normalised”. Kim Jong-il reportedly said this in a meeting last Friday with Unification Minister Chung Dong-young in Pyongyang. Briefing the South Korean cabinet […]
Read MoreFrom The Washington Post: The rise of China — and of Asia — will, over the next decades, bring about a substantial reordering of the international system. The center of gravity of world affairs is shifting from the Atlantic, where it was lodged for the past three centuries, to the Pacific. The most rapidly developing […]
Read MoreFrom The Strategy Page: China and America disagree on how to deal with North Korea. The Chinese prefer to have a working dictatorship in North Korea, and are not too concerned about the North Korean military or North Korean nuclear weapons. What China fears the most is a collapse of the communist government in North […]
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