Several injured in Colombo bus accident

China Working for Resumption of Dialogue with US

China has opened the backdoor channel for assessing ties with US as Washington is ?proactively making preparations for a conflict in the Taiwan Strait when it happens?, reported The HK Post. Information trickled in about the visit to New York of a group of former Chinese officials in early November as part of the largest semi-official diplomatic initiative in Sino-America since the Covid outbreak. While both are ready to appreciate each other?s position on bilateral issues, they are yet to see

31 Dec, 2022

China?s economy faces ?greater challenges? in 2023 as risk of global recession, debt crises grows

Uncertainty facing the global economy next year will exacerbate challenges at home for China, economists in Beijing say, while urging swift support to help counter external headwinds. As the risk of global recession looms, China should stay alert to turbulence in international markets and the potential of another financial crisis, said former vice-finance minister Zhu Guangyao at a forum organised by web portal Sina on Wednesday. ?There could be greater challenges for 2023,? he said. Debt crise

31 Dec, 2022

India-China border skirmish signals volatile ‘new normal’

The latest clash between Indian and Chinese troops along their disputed Himalayan border underscores the precarious nature of efforts to de-escalate tensions between the nuclear-armed Asian giants, analysts say, warning of the danger of more flare-ups. “This is the new normal along the LAC,” said Harsh V. Pant, vice president at the New Delhi-based Observer Research Foundation think tank, referring to the de facto border known as the Line of Actual Control. Troops from the two sides faced off

31 Dec, 2022