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Why China Is Being Flooded With Oil: Billions In Underwater OPEC Loans Repayable In Crude, by Tyler Durden

Here’s one of the dumber borrower schemes out there, and a bunch of clueless governments in oil producing countries are at the heart of it: borrow money and agree to pay back the equivalent amount in barrels of oil, not using the market value of oil at the time the deals are struck, but at the time the loans must be repaid. 484 more words

Debt

The Langham, Haikou opens in China

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Hong Kong-based Langham Hospitality Group reaches another milestone with the opening of The Langham, Haikou on 28 May 2016. Set in the capital of Hainan, China, The Langham, Haikou takes its place as the eighth hotel in China for the global hotel management company, and the 20th globally, joining other Langham Hotels and Resorts in key cities such as London, New York, Chicago, Shanghai, and Sydney. 918 more words

Hotels & Resorts

Taiwan says it has no schedule for resuming China trade talks

Taiwan’s new government has no schedule for re-starting trade talks with China, Economics Minister Lee Chih-kung said on Wednesday, adding that the pro-independence ruling party first wanted to pass a law governing oversight of negotiations with Beijing. 448 more words

Russia at odds with Chinese, US push for fast approval of climate pact

Russia set itself at odds with a drive by China and the United States for rapid ratification of a global agreement to slow climate change when a senior official said on Wednesday that Moscow first wanted a clear set of rules. 424 more words

Asia: Chinese media criticises Tsai Ing-wen's singleness

China and Taiwan has strain ties. On Wednesday, Chinese state-run Xinhua news agency has published a article which criticises newest Taiwanese president, Tsai Ing-wen. It said she has an “extremist style” because she is unmarried has prompted outrage online. 32 more words

News

New Vietnam PM says won't pursue military buildup in South China Sea

Vietnam Prime Minister Nguyen Xuan Phuc said on Wednesday his country was not pursuing a military buildup over the South China Sea and would work with allies to seek peaceful solutions to disputes, with no use of force. 533 more words

Masha Ma Unveils Multibrand Store as Part of China's Magmode

BEIJING — China’s top fashion editors and designers were in the capital last weekend to launch Magmode, a new lifestyle platform focused on multibrand retail, e-commerce and digital publishing. 581 more words

Retail/Business