China News

China suspends economic accord with Australia, cites “cold war mindset”

China suspends economic accord with Australia, cites “cold war mindset”

China said on Thursday it had suspended an economic agreement with Australia, in an apparent tit-for-tat response to Canberra’s scrapping of a Belt and Road infrastructure pact and threat to undo a deal leasing Darwin Port to a Chinese company. Relations between the two sides have collapsed into acrimony after

China hits Alibaba with huge $2.75 billion fines for anti-monopoly violations

China hits Alibaba with huge $2.75 billion fines for anti-monopoly violations

Chinese regulators have fined Alibaba Group Holding Ltd 18 billion yuan ($2.75 billion) for violating anti-monopoly rules and abusing its dominant market position, marking the highest ever antitrust fine to be imposed in the country. The penalty, equivalent to around 4% of Alibaba’s revenues in 2019, comes amid an unprecedented

US joins in first-ever Quad summit, Prez Biden convenes upcoming conference

US joins in first-ever Quad summit, Prez Biden convenes upcoming conference

Washington: The White House on Wednesday claimed of elevating the Quad, which is comprised of India, the US, Australia and Japan, to a first summit-level meeting, an American initiative as it has been convened by President Joe Biden. Newly elected US president Biden, Indian Prime Minister Narendra Modi, Australia’s Prime

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