BEIJING – The three largest East Asian economies agreed Sunday to find ways to strengthen regional trading ties and to work together to ease political tensions in the area. The countries — China, South Korea and Japan — said they would begin negotiations to establish a free trade area that could help the region...
BEIJING — The leaders of China, South Korea and Japan said Sunday that they will work together to try to calm tensions on the Korean peninsula. The three largest East Asian economies also took steps toward deepening their economic ties by laying the groundwork for a regional free trade area. The nations — which together...
by Farid Behbud, Yangtze Yan KABUL, May 13 (Xinhua) — The top United Nations envoy to Afghanistan, Jan Kubis, hailed China’s support for the peace and reconstruction process of the war-torn country, saying it is crucial for the rebuilding of Afghanistan. “The bilateral policy of investment in Afghanistan that is promoted by China is...
China has denied it is increasing combat readiness in response to a tense territorial row with the Philippines in the South China Sea which has dragged on for more than a month. The stand-off erupted last month after Philippine authorities detected Chinese ships fishing near the Scarborough Shoal. They tried to arrest the crew,...
China’s central bank cut the amount of cash that banks must hold as reserves on Saturday, pumping out more funds that could be used for lending to head off sharper slowdown in the world’s second-largest economy. The People’s Bank of China delivered a 50-basis-point cut in banks’ reserve requirement ratio (RRR), effective from May...
The situation in the euro zone has become so bleak that it is giving rise to the most improbable rumours. The latest to make the rounds of European hedge fund managers suggests that the euro will be tied to the dollar at close to parity, a dramatic fall from its current level of just...
SHANGHAI — China’s economy is slowing further, defying hopes it may have “bottomed out,” with data for April showing sharper than expected declines in investment and industrial production. Data released by the National Bureau of Statistics on Friday showed inflation also eased, to 3.4 percent in April from 3.6 percent the month before, giving the...
China National Petroleum Corp. officials met with the Colombian government to discuss possible investment in oil exploration and production as well as a pipeline project. The meeting in Shanghai today included talks about a pipeline that would link Venezuela to Colombia’s Pacific coast, Colombia’s Mines and Energy Ministry said in an e-mail. Colombian President...
NEW ORLEANS — Will Americans buy a Chinese smartphone? We’re about to find out, as Huawei, one of the world’s biggest phone makers, is planning a big push into U.S. cellphone stores. All four nationwide U.S. phone companies will carry Huawei smartphones this year, says Francis Hopkins, a Huawei spokesman. That’s up from one...
