What does Rolex’s acquisition of Bucherer mean for its retail future? The Swiss timepiece brand has bought one of the world’s largest watch retailers in a ‘shock’ move for other official dealers (SCMP)
2023-08-25

People cool off amid record-breaking temperatures in Switzerland (Xinhua)
2023-08-24

Vocational training helps Switzerland keep unemployment rate low, says expert (Xinhua)
2023-08-23

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Xi talks with Modi on ties (Xinhua)
2023-08-24

BRICS to welcome six new members, a ‘historical milestone’ (GT)
2023-08-24

China bans Japanese seafood over Fukushima nuclear waste water release (SCMP)
2023-08-24

US hits China with visa sanctions over ‘forced assimilation’ of Tibetan children (SCMP/AFP)
2023-08-23

China warns Philippine ships for illegally entering waters in S. China Sea (China Daily)
2023-08-22

Philippines to skip US-Japan-Australia joint drills in South China Sea (GT)
2023-08-21

Guatemala urged to ditch Taiwan after presidential race is won by candidate who called for stronger trade ties with mainland China (SCMP)
2023-08-21

Chinese weapons supplier Norinco expands influence in West Africa, challenging Russia and France (SCMP)
2023-08-21

South China Sea: China warns of external influence in lead-up to code of conduct talks (SCMP)
2023-08-20

Camp David summit serves as hypocritical anti-China pantomime with a 'mini-NATO' in the making: analysts (GT)
2023-08-19

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Public warned to stay away from overseas fraudsters (China Daily)
2023-08-24

National political advisors discuss improvement of sci-tech innovation system (Xinhua)
2023-08-23

Ministry warns of more disasters as extreme weather persists (China Daily)
2023-08-23

China’s anti-corruption watchdog vows crackdown on misuse of flood relief funds (SCMP)
2023-08-22

China’s military academies enrol ‘record 17,000 high school graduates’ as youth joblessness soars (SCMP)
2023-08-22

China unveils second CIA espionage case within 15 days (GT)
2023-08-21

Representatives from visiting OIC delegation affirm counterterrorism efforts in China’s Xinjiang region (GT)
2023-08-21

Nearly 200 illegal social clubs disbanded amid crackdown (China Daily)
2023-08-21

Market watchdogs in multiple places join nationwide anti-corruption campaign in pharmaceutical industry (GT)
2023-08-20

China’s top court finds ‘picking quarrels and provoking trouble’ charge ‘excessively’ used (SCMP)
2023-08-19

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Hongkonger jailed by China for 3 years over speedboat escape bid faces protest charge upon return to city (HKFP)
2023-08-24

HKSAR gov't confident in ensuring ample land supply: official (Xinhua)
2023-08-23

Hong Kong police record 29 per cent rise in child abuse cases, as return to school campuses brings incidents to light (SCMP)
2023-08-23

Hong Kong to ban Japanese seafood imports from 10 prefectures after country announces plan to release Fukushima waste water starting Thursday (SCMP)
2023-08-22

30 years on, H-shares exemplify Hong Kong-mainland financial interconnectivity (Xinhua)
2023-08-22

Hong Kong stocks slump to fresh 9-month low as regulators’ measures to prop up growth fail to inspire investors (SCMP)
2023-08-21

Hong Kong’s rising mpox cases are ‘delayed outbreak’, with more infections likely to follow surge in mainland China, experts warn (SCMP)
2023-08-20

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Taiwan’s semiconductor sector faces offshore production dilemma as island struggles for water, power, people (SCMP)
2023-08-25

China calls on US to stop Taiwan arms sale (China Daily)
2023-08-25

Taiwan arms boost: US approves US$500 million in F-16 sensor systems for island’s defence (SCMP)
2023-08-24

Mainland spokesperson appreciates Central American Parliament's Taiwan-related move (Xinhua)
2023-08-23

PLA drills around Taiwan after William Lai’s US trip seen as ‘more restrained’ (SCMP)
2023-08-21

Suspending entry of Taiwan mangoes a scientific, reasonable biosecurity precaution: mainland spokesperson (Xinhua)
2023-08-21

Beijing hints at changing trade pact with Taiwan amid probe into tariffs (SCMP)
2023-08-18

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Renminbi continues march to eventual globalization (China Daily)
2023-08-25

China debt: Beijing warned opportunity costs are rising as it seeks comprehensive solution to local government crisis (SCMP)
2023-08-24

China-Africa trade rises 7.4% in the first 7 months, keeping on expanding this year (GT)
2023-08-23

Deals totaling 72 bln USD inked at Xinjiang trade expo (Xinhua)
2023-08-23

As China’s property crisis plagues its economy and financial system, is a ‘Lehman Moment’ looming? (SCMP)
2023-08-23

China’s economic slump gives US a chance to gain clout with countries indebted to Beijing: analysts (SCMP)
2023-08-22

China’s Budget Deficit Shrinks Dramatically in Sign of Fiscal Caution (Caixin/Bloomberg)
2023-08-22
China’s budget deficit shrank by more than a third so far this year, a sign of Beijing’s cautious fiscal policy despite the economy’s slowdown and a worsening housing slump. The broadest measure of the fiscal gap — the so-called augmented deficit — was 3.3 trillion yuan ($449 billion) in the first seven months of this year, down 37% from the same period in 2022, according to Bloomberg calculations based on data released Monday by the Ministry of Finance. Total revenue rose 6%, while spending was down 4.8%. The figures show how reticent the government has been at all levels to step up spending to stimulate economic activity even as conditions worsened since April. Many provinces took a severe hit to their finances in 2022 and lack the fiscal capacity to substantially raise spending without much more support from the central government. Last year, the total budget deficit for the 31 provinces was the widest since at least 2012 as the costs of pandemic restrictions soared and as revenues slumped amid the weak economy, tax breaks and a drop in land sales. In the first half of this year, a majority of provinces narrowed their main budget deficit from last year, partly due to a recovery in tax revenue. The augmented deficit is based on a combination of two government fiscal plans: the general and the government fund budgets. Official data Monday showed that revenue from the general public budget — which includes taxes and fees — was almost 14 trillion yuan in the first seven months of the year, up 11.5% from the same period last year. That compares with a 13.3% increase in the year through June. Tax revenue rose 14.5% and income from deed taxes, which are paid when a property is bought or sold, rose 4.2%. Government revenue from selling land-use rights fell 19.1%, dragging down fund income. General public spending was up 3.3% to 15.2 trillion yuan and government fund spending was down 23.3%.

China cuts key prime loan rate to bolster economy; GDP forecast to grow 6% in H2 (GT)
2023-08-21

China listens to foreign companies' demands, suggestions on regular basis: premier (Xinhua)
2023-08-21

China surprisingly holds mortgage rate, underwhelming move raises easing outlook concerns (SCMP)
2023-08-21

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DPRK condemns Japan's discharge of nuclear-contaminated wastewater into sea (Xinhua)
2023-08-24

DPRK's second attempt for reconnaissance satellite launch fails: KCNA (Xinhua)
2023-08-24

North Korea’s first intl commercial flight in 3 years lands in Beijing, welcomed as ‘positive sign’ for border reopening (GT)
2023-08-22

As North Korea’s Kim prepares for ‘actual war’, his hackers target US-South Korea military drills (SCMP/Bloomberg)
2023-08-21

Taekwondo athletes appear to be North Korea’s first delegation to travel since border closed in 2020 (SCMP/AP)
2023-08-18

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Human anthrax case reported in central Mongolia (Xinhua)
2023-08-24

Mongolia Successfully Hosts 2023 East Asian Youth Games (Montsame)
2023-08-24

FX reserve reach USD 3.8 billion and increase by 33% (Gogo Mongolia)
2023-08-23

Exchange of Young Mongolian and Chinese Diplomats Resumes (Montsame)
2023-08-22

Seventh Meeting of the Asia-Pacific Parliamentarian Forum on Global Health Commences (Montsame)
2023-08-21

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Embassy of Switzerland