A Chinese mega-project in Sri Lanka is set to recommence, after the Sri Lankan government announced that its concerns regarding the project “have been resolved.” Xinhua reports that Sri Lankan Minister of International Trade Malik Samarawickrema gave the green light for the $1.4 billion project to construct “Port City” near the Colombo Harbor. He promised that the government would officially ...

On Thursday, Myanmar’s parliament met to put forward presidential candidates four months after opposition leader Aung San Suu Kyi’s National League for Democracy (NLD) swept historic elections in the country. Under Myanmar’s complicated selection process, the country’s next president is chosen from among three vice-presidents elected by its parliament or Pyidaungsu Hluttaw, with one candidate from the lower house (Pyithu ...

Currency depreciation is not always bad for a country’s economy, but after a series of stock market crashes this past summer, the Chinese economy seems to be going down on what many experts perceive to be a spiral of decline. Many wealthy Chinese people have been going out of their way to move their financial assets abroad, aiming to get ...