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China to set up state pension company with 17 firms taking stakesBEIJING : China plans to set up a state pension company with registered capital of 11.15 billion yuan (US$1.72 billion), a filing by the Insurance Association of China showed on Thursday.Seventeen bank-affiliated wealth management units, insurers and state institutions will take stakes in the company, who
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Rubio wants Biden to block TikTok after Chinese govt stake in subsidiary of parent companyWASHINGTON : Republican Senator Marco Rubio urged President Joe Biden on Tuesday to block short-form video app TikTok in the United States after China took an ownership stake in a key subsidiary of ByteDance, the Beijing-based parent company of TikTok. The Biden administration in June withdrew a series of
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