North Korea and China open new bridge
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China opens a joint airfield in Laos with construction ongoing and eyes on its military role
China's new airfield in Laos is a work in progress, with satellite imagery showing many areas where construction appeared to be ongoing even as it was officially opened at a September ceremony. The airport jointly run with Laos is China's first military facility abroad focused on air power and the latest project in Beijing's efforts
China’s yuan is undervalued in real terms because of the country’s flagging domestic economy, and steps to revive demand have fallen far short of what’s needed, according to a senior International Monetary Fund official.
This is a worrying trend. It seems to indicate that once consumer loans are delinquent, fewer borrowers have any intention of paying them back. And that, in turn, may be the unintended consequence of a government policy that is otherwise welcome—a crackdown on gang-like debt-collection agencies that have been terrorising debtors for years.
Chinese state buyers purchased 8-10 Panamax cargoes of US soybeans this ​week, the first such deals since the September summit between ‌Presidents Donald Trump and Xi Jinping in Washington, three trade sources told Reuters on Wednesday.
Boeing has made major progress in the Chinese market, but Airbus still holds an advantage that the American manufacturer may struggle to overcome.