China

SHENZHEN, China, May 31 (Reuters) - For the ambitious Chinese tech entrepreneur, expanding into the U.S. just keeps getting harder.

Before 2019, there were few major impediments to having a Chinese company that did business in the U.S. from China. But amid escalating U.S.-Sino trade tensions, particularly after Washington slapped sanctions on telecom giant Huawei (HWT.UL), some Chinese firms began setting up headquarters overseas - moves that could help them draw less U.S. government attention.

HONG KONG, May 31 (Xinhua) -- The International Monetary Fund (IMF) on Wednesday affirmed Hong Kong's status as a major international financial center in a staff report.

The staff report, released by the IMF Board, said Hong Kong has robust institutional frameworks, substantial capital and liquidity buffers, high-quality financial sector regulation, and a well-functioning Linked Exchange Rate System (LERS).

BEIJING, May 29 (APP): China on Monday felicitated Turkish President Recep Tayyip Erdogan following his victory in a historic runoff vote.

“China expresses its congratulations to President Erdogan on his re-election and attaches great importance to its relations with Turkiye,” Chinese Foreign Ministry Spokesperson Mao Ning said during her regular briefing held at IPC.

BEIJING, May 29 (APP): Pakistan’s Ambassador to China, Moin ul Haque has congratulated China on the successful inaugural flight of C919, the country’s first domestically-made large passenger aircraft.

C919, China’s self-developed large passenger aircraft, completed its inaugural commercial flight from Shanghai to Beijing on Sunday, creating a milestone in China’s aviation industry, which aims to compete with global players such as Boeing.

BEIJING, May 29 (Reuters) - Shanghai saw its hottest day in May for more than 100 years on Monday with temperatures hitting 36.1 degrees Celsius (97 degrees Fahrenheit), continuing a brutal trend of unusually hot weather in the country since March.

Several southern Chinese provinces are expected to swelter under extreme heat over the next few days and weather experts have already predicted another blistering summer, a repeat of last year's record-breaking more than two-month stretch.

Tehran, IRNA- The New Development Bank (NDB) of the BRICS group of major emerging economies is currently engaged in talks with Saudi Arabia to accept the oil-rich kingdom as its ninth member, according to a report.

The Financial Times reported on Sunday that the potential addition of Saudi Arabia to the BRICS bank aims to enhance the Shanghai-based lender’s funding capabilities, especially as its founding shareholder Russia faces challenges due to Western sanctions.

BEIJING, May 27 (Reuters) - China and South Korea have agreed to strengthen dialogue and cooperation on semiconductor industry supply chains, amid broader global concerns over chip supplies, sanctions and national security, China's commerce minister said.

Wang Wentao met with South Korean Trade Minister Ahn Duk-geun on the sidelines of the Asia-Pacific Economic Cooperation (APEC) conference in Detroit, which ended on Friday.

HONG KONG, May 27 (Reuters) - One of Hong Kong's biggest democratic parties said on Saturday it would disband after a vote by its party members, dealing another blow to the city's already beleaguered democratic opposition under pressure from China.

In recent years, Hong Kong's opposition has been hit by a China-imposed national security law and overhaul of the electoral system that has largely sidelined democrats from local politics.

BEIJING, May 26. /TASS/: The Chinese authorities are actively promoting the process of restoring peace in Ukraine and supporting the strategic independence of European countries, the Chinese government's special representative for Eurasian affairs Li Hui, has said.

BEIJING, May 24. /TASS/: Russia and China will stand together to repel the collective West’s attempts to maintain its global dominance, and will push back hard against such dangerous ambitions, Russian Prime Minister Mikhail Mishustin said on Wednesday.