News about China

PETALING JAYA (Aug 21): A few years ago, Hong Kong citizens shirked from the idea of spending their golden years in mainland China, when the government tried to encourage its elderlies to move to retirement homes in Guangdong to counter housing scarcity in the densely-populated Hong Kong.

KUALA LUMPUR (Aug 7): Amcorp Properties Bhd's (AMPROP) indirect wholly-owned subsidiary Amcorp Dynamic Ltd will acquire a 40% stake in Daning Partners Ltd for US$22.

  KUALA LUMPUR (Aug 2): A total of 331 out of 1,321 Malaysian construction companies have been shortlisted as potential tenderers for civil work packages of the planned RM44 billion 640-km East Coast Rail Link (ECRL), which is expected to link Kota Bharu to Putrajaya in about four hours, said project and asset owner Malaysia Rail Link Sdn Bhd (MRL).

PETALING JAYA (Aug 2): Local properties are seeing some rapid take-ups from Hong Kong buyers who are seeking alternatives amidst the current social unrest.

HONG KONG (July 31): House price in Hong Kong has finally taken a dip after holding up for six months amidst the external year-long trade war between US and China, as well as internal mass street demonstrations.

KUALA LUMPUR (July 15): Finance Minister Lim Guan Eng said the reported seizure of more than RM1 billion of funds held by China Petroleum Pipeline Engineering Ltd (CPP) was not done under his ministry's instruction.

KUALA LUMPUR: Rising investments from China can bring immense economic potential to Malaysia, but there needs to be a higher level of transparency and accountability in such state-business relations to prevent power abuse, according to economists.

KUALA LUMPUR (June 24): The trade diversion benefits caused by the ongoing US-China dispute may not necessarily translate into longer term developments that can contribute to the economy, says International Monetary Fund (IMF) managing director Christine Lagarde.

BEIJING (April 29): Tun Dr Mahathir Mohamad had to wrap himself up in a long coat with a scarf pulled tight around his neck to keep warm when he arrived last Wednesday night to a rainy and chilly Beijing — with the temperature hitting the low teens in Celcius — despite it being the middle of spring in the Chinese capital city.

BEIJING (April 26): Tun Dr Mahathir Mohamad has today extended his full support for the Belt and Road Initiative (BRI), saying that Malaysia will benefit from the project.