World

Troubled Baoshang Bank Approved to Initiate Bankruptcy Proceedings

[ad_1] Photographer: Bloomberg / Bloomberg Photographer: Bloomberg / Bloomberg China’s banking regulator has given Baoshang Bank Co. the nod to initiate bankruptcy proceedings, starting a process of unraveling that had not been seen for at least two decades. The China Banking and Insurance Regulatory Commission said it agrees in principle …

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China says it will respond to US admiral’s visit to Taiwan

[ad_1] BEIJING: China will respond to the informed visit of a US Navy admiral to Taiwan and strongly opposes any military relationship between Taipei and Washington, the Chinese Foreign Ministry said on Monday (November 23). A two-star Navy admiral who oversees US military intelligence in the Asia-Pacific region has paid …

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