Chinese provinces spent at least US.6 billion on COVID-19 curbs in 2022

Declining state land sales revenue has also exacerbated local governments’ financial woes, which were eroded by China’s feeble growth, weak tax income and stringent COVID-19 restrictions. Analysts at Moody’s expect negative credit conditions for local governments in 2023 because of ongoing weakness in land sales revenue, persistently high fiscal deficitsContinue Reading

China to resume issuing short-term visas for South Koreans

SEOUL: China will resume issuing short-term visas for South Korean nationals on Feb 18, the Chinese embassy in Seoul said Wednesday (Feb 15). The move follows South Korea’s decision last week to end COVID-linked travel restrictions on Chinese nationals – rules that sparked a furious response and tit-for-tat measures fromContinue Reading

Japan says past aerial objects likely Chinese spy balloons

TOKYO: A fresh analysis of unidentified aerial objects that flew over Japan’s airspace in recent years “strongly” suggests they were Chinese spy balloons, according to Tokyo’s defence ministry. “After further analysis of specific balloon-shaped flying objects previously identified in Japanese airspace, including those in November 2019, June 2020 and SeptemberContinue Reading