China, Hungary ready to cooperate over ending Ukraine conflict

BUDAPEST: China and Hungary are ready to cooperate with “peace-loving nations” to end the Ukraine war, Beijing’s top diplomat said on Monday (Feb 20). Wang Yi was speaking in Budapest amid tensions over US allegations that Beijing is considering arming Russia in its war against Ukraine. Beijing has rejected the accusations. “ChinaContinue Reading

Luxury sector eyes reopening of China

The gradual reopening of China – which abandoned the last of the travel restrictions of its zero-COVID policy on Jan 8 – should help its economy expand by 5.2 per cent in 2023, according to the International Monetary Fund’s latest forecast. With the restrictions having restrained consumption, the reopening ofContinue Reading