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China to appropriate State company assets to make up pension funds gap

November 22, 2017

BEIJING - China will set aside part of the assets of State-owned enterprises to make up a shortage of money in the nation’s pension funds caused by an increasingly aging population. Some State-owned companies will transfer 10% of their stakes to the pension fund in the first stage, a document released by the State Council, China’s Cabinet, said.

South Korea to build closer ties with ASEAN

November 21, 2017

SEOUL – South Korea’s President, Moon Jae-in, has announced plans to set up a Korea-ASEAN joint community, promising to provide support to strengthen economic ties between Korea and ASEAN economies. “I will improve the diplomatic relationship between Korea and ASEAN, bringing it to the same level as the relationship between Korea and its four surrounding countries,” he said.

China voices firm opposition to Indian leader’s visit to disputed border area

November 21, 2017

BEIJING - China said on Monday that it firmly opposes a visit by India’s President, Ram Nath Kovind, to a disputed area on the China-India border, urging India to “refrain from moves that complicate boundary issues, and work with China to create conditions for talks”. China’s State newsagency, Xinhua, said Foreign Ministry spokesperson Lu Kang made the comment when asked about the visit to what Xinhua called the so-called "Arunachal Pradesh" on Sunday.

China's stance on the issue of the China-India border is consistent and clear, Lu said at a daily press briefing.