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China Suspends Steel ‘Capacity Replacement’ Program Amid Overcapacity Crisis
China’s Ministry of Industry and Information Technology has suspended its “capacity replacement” policy in the steel manufacturing sector, as the profits of China’s steel industry continue to plummet. Starting from Aug. 23, the replacement program that has Bank of China President Resigns
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Chinese, Philippine Coast Guard Vessels Collide in Disputed Waters
Chinese and Philippine Coast Guards have blamed each other following a vessel collision on Sunday in the latest flare-up in the disputed South China Sea. It’s the second vessel collision incident in a week and occurred a day after the Philippines condemned