WASHINGTON (Reuters) – The United States and China both have advanced cyber warfare capabilities and must work to avoid miscalculations that could lead to conflict, Defense Secretary Leon Panetta said on Monday as he hosted the first visit by a Chinese defense minister in nine years. Panetta, standing alongside Defense Minister Liang Guanglie, defended...
Chen Guangcheng, second from left, meets with Harold Koh, U.S. State Department legal adviser, left, and Gary Locke, U.S. Ambassador to China, second from right, in Beijing on May 2, 2012. Source: U.S. Embassy Beijing Press Office via Bloomberg Secretary of State Hillary Clinton said the benefits of expanded U.S.-China contacts were demonstrated in...
Yepoka Yeebo / Business Insider Beijing – China has expelled the English language correspondent of Al Jazeera, prompting the Qatar-based channel to close its Beijing bureau, an Al Jazeera spokesman said on Tuesday. Melissa Chan’s expulsion marks the first time an accredited foreign correspondent living in China has been ejected since 1998. The Chinese...
People shop for gold at Beijing, China. Photographer: Stefen Chow/Bloomberg Mainland China’s gold imports from Hong Kong surged more than sixfold in the first quarter, adding to signs that the country may displace India as the world’s largest consumer of the precious metal on an annual basis. Imports from Hong Kong were 135,529...
MUNICH, GERMANY In an April speech in Berlin, Dr. Andreas Dombret, a member of the executive board of the Deutsche Bundesbank (the German central bank), offered a startlingly frank assessment of the current problems in Europe. Although his comments were meant to apply to the tensions and imbalances that exist between the northern and...
Bo Xilai and Chen Guangcheng are reminders that corruption, human rights, and rule of law could check the rising power’s might. For at least a decade, think tanks and government offices have echoed with tales of China’s rise. The narrative is familiar. China has remade its economy and is now eating America’s lunch. The...
BEIJING – China’s first deep water oil drill is ready to start production in the South China Sea amid an ongoing standoff with the Philippines in another section of the contested waters. The official Xinhua News Agency says China National Offshore Oil Corp’s rig will start operations Wednesday in an area 320 kilometers (200...
BEIJING (Reuters) – A $1 trillion oil-fired trade windfall couldn’t be better timed to help Chinese companies climb the value chain and rebalance the economy of the world’s biggest exporter. Fast growing countries producing oil and other commodities, are taking advantage of the windfall from the recent surge in prices and buying roughly half...
A recent report from the Congressional Research Office (PDF) suggests that China’s restrictive policy on rare earth mineral exports isn’t going to change anytime soon. The report comes on the heels of a renewed call for a rare earth production boost in Europe and a dispute settlement filed in March by the United States, Japan, and...
By Manolo Serapio Jr and Ruby Lian SINGAPORE/SHANGHAI, May 7 (Reuters) – China’s first physical iron ore trading platform is set to debut on Tuesday, helping the world’s biggest buyer of the commodity boost its price-setting influence. The timing looks perfect. Nearly all iron ore sold to China is now based on spot prices,...
