North Korea rejected international criticism of its planned satellite launch next month as China cautioned its ally in the first sign of tension since Kim Jong Un succeeded his father as head of the totalitarian state. U.S., Japanese and South Korean condemnation is “a base move to deny the DPRK’s right to use space...
BEIJING – Foreign Minister Avigdor Liberman told officials in China that Israel is keeping “all options in the table” for Iran. China, which has close energy and trade ties with Iran, has urged a negotiated solution to the dispute over Iran’s nuclear ambitions and long opposed unilateral sanctions on Iran. Iran insists its nuclear...
Christine Lagarde, managing director of the International Monetary Fund, ended a two-day visit to China Sunday, with words of caution about the global economic recovery and praise for the country’s business policies. Lagarde told an audience of business leaders and officials in Beijing that the world had stepped back from the brink, but still...
SHANGHAI, March 19 | Sun Mar 18, 2012 9:32pm EDT SHANGHAI, March 19 (Reuters) – China’s banking regulator has issued detailed guidelines to allow banks to roll over some loans lent to local government financing vehicles (LGFVs), the China Business News reported on Monday, a move aimed at cleaning up some 9.1 trillion yuan...
Last week’s dismissal of Bo Xilai, the party secretary of Chongqing province, casts this autumn’s Chinese Communist party congress, with the anticipated replacement of President Hu Jintao and Premier Wen Jiabao by Xi Jinping and Li Keqiang, in a dramatic new light. Bo Xilai, son of a former Communist party leader and veteran of...
China cannot delay tough economic reforms, Vice Premier Li Keqiang said on Sunday, underscoring the top leadership’s push for market-based change after the sacking last week of an ambitious provincial leader who wanted a bigger state role in the economy. Li, widely expected to succeed Wen Jiabao as premier in a leadership transition that...
French energy giant Total SA has reached an agreement with China‘s Sinopec on a joint venture for shale gas and refining, the Wall Street Journal reported Monday. The US daily also quoted Total‘s chief executive Christophe de Margerie as saying that Chinese authorities now own a stake of two percent in the French company....
BEIJING | Sun Mar 18, 2012 2:01am GMT BEIJING (Reuters) – Average annual home prices in China’s 70 major cities remained unchanged in February from a year ago, easing from a rise of 0.5 percent in January, according to Reuters’ calculation using official data published on Sunday. In month-on-month terms, home prices fell 0.1...
China’s February home prices fell in more than half of the 70 cities monitored by the government with only three cities recording gains as the country maintained curbs on the property market. Prices fell in 45 cities last month as compared with January, while 22 cities were unchanged, the National Statistics Bureau said in...
China expressed concern over North Korea’s planned launch of a satellite next month, in the first sign of tension between the two allies since Kim Jong Un succeeded his father as head of the totalitarian state. Vice Foreign Minister Zhang Zhijun met North Korean ambassador Ji Jae Ryong and expressed “worry” about the March...
