Beijing

Deal-making in Asia’s escort bars thriving

In Tokyo’s Ginza, Seoul’s Gangnam and Beijing’s Chaoyang financial district a familiar scene plays out almost every night of the work week. As dusk falls, businessmen flock to karaoke and hostess clubs to close deals and build relationships in the liquor-lubricated intimacy of young women.Call it bonding over vice. It’s a culture that sits uneasily with the #MeToo movement that has swept across Europe and the United States (US).

17 January 2019
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China’s governance tightrope

Five years ago, China’s leaders decided to target modern state governance as a top reform priority. The goal of such reform is to improve the state’s capacity to adapt to the sheer size and increasing complexity of the Chinese economy, and to mitigate risk. Achieving this objective will not be easy.To understand why, and what it will take to succeed, consider how Chinese governance has worked in recent decades.

2 October 2018
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Enter the dragon: Beijing's charm offensive

China’s foreign policy exerts a certain weight in the international community, and many have, in fact, likened the country to a superpower within the Asia region. However, like superpowers of the past and present, it cannot rely on just military and economic strength alone, but must also possess considerable “soft power”, manifested in what is referred to as Beijing’s “charm offensive”.

19 May 2018
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Three companies offering to search for MH370

Three companies have offered to resume the search for flight MH370 but no decision has been reached on whether to take up any of the proposals, a Malaysian minister said Tuesday.US seabed exploration firm Ocean Infinity, Dutch company Fugro – which was involved in the original hunt – and a Malaysian company have made offers, Transport Minister Liow Tiong Lai told AFP.

17 October 2017
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Top Chinese bitcoin exchange shuts down

One of the biggest bitcoin exchanges in China and the world announced Thursday that it would stop all trading following new Chinese government regulations clamping down on cryptocurrencies.The international value of bitcoin has plunged in recent days amid speculation that the Chinese authorities will shut down the trading platforms following last week's ban on initial coin offerings.BTCC – China's second bitcoin platform in terms of volume and the world's third largest – said o

15 September 2017
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