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China’s ‘hidden debt’ drive controls borrowing for city infrastructure projects

China’s finance ministry has banned local governments from raising illegal or non-compliant debt for municipal infrastructure projects that yield no or insufficient returns, in...

Chinese sneakerheads’ favourite shopping app to cut 500 jobs

Shanghai-based e-commerce app Dewu, a popular option among young Chinese consumers looking for niche brands, will trim its workforce by 5 per cent amid...

Beijing raises duty-free limit for mainland tourists in Hong Kong to HK$16,100

A separate joint statement from several central government departments said that mainland residents aged 18 or over could have their duty-free allowance raised to...

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