Mar 21, 2015

Switzerland, Luxembourg both plan to join China-led development bank

Switzerland and Luxembourg are planning to join the Beijing-backed Asian Infrastructure Investment Bank, China’s Finance Ministry said, the latest European nations to sign up to the multilateral lender which has drawn skepticism from the United States. Britain, France, Germany and Italy have already announced ...

Sony's PS4 hits China but with few games

Mar 20, 2015

Sony's PS4 hits China but with few games

The PlayStation 4 debuted Friday in China, but with few games and bare-bone online services as Sony navigates tight censorship rules to get a toehold in the world’s biggest gaming market. While the Chinese consoles are physically identical to those Sony sells worldwide, they ...

Chinese flee H.K. to shop in Japan and  South Korea

Mar 20, 2015

Chinese flee H.K. to shop in Japan and South Korea

Chinese tourists are rapidly deserting Hong Kong, leaving retailers who built businesses around once insatiable demand from mainland neighbors with bigger but emptier stores and squeezing the whole city’s visitor-dependent economy. With cross-border tensions exacerbated by pro-democracy Hong Kong protests, tour groups visiting Hong ...

Chinese rivaling French in buying Bordeaux lots

Mar 20, 2015

Chinese rivaling French in buying Bordeaux lots

by Laurent Abadie

Chinese investors now rival the French in buying vineyards in Bordeaux: a sign both of the region’s global prestige and China’s seemingly unquenchable thirst for wine, according to local property agencies and industry associations. More than 100 properties in France’s southwest wine-producing area are ...

Mar 19, 2015

China in shock after Japanese girl wins brain battle

by Ben Dooley

China’s loss to Japan on a popular game show devoted to mental athletics has left the country’s netizens atwitter and provoked some national soul-searching. The battleground was the popular television show “Super Brain,” and the eventual winner a 9-year-old Japanese girl. The series is ...

Mar 19, 2015

China welcomes U.S. role in planned infrastructure bank

Chinese deputy finance minister Shi Yaobin has told the German media that his country would welcome a U.S. role in a Beijing-backed multinational lender, hours after state media described Washington as “petulant and cynical.” “We would welcome the United States into the Asian Infrastructure ...