China declares Vietnam’s claim over islands “illegal and invalid”
China said it summoned Vietnam‘s ambassador Thursday and strongly protested a law adopted by the Vietnamese parliament that places the disputed Spratly and Paracel islands under Hanoi‘s sovereignty. China and Vietnam, as well as other neighbouring nations, are locked in long-standing territorial disputes over the South China Sea, including the mineral-rich Spratly and Paracel islands. … Continue reading »
Citron accuses Chinese developer Evergrande of “fraudulent information”
Shares in Chinese property developer Evergrande Real Estate Group Ltd slumped by as much as a fifth on Thursday – wiping around $1.7 billion off its market value – after the company was targeted by a report from short-sale specialist Citron Research, traders said. Evergrande, the second-largest mainland China developer by sales, has grown aggressively … Continue reading »
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