BEIJING — Chinese President Hu Jintao on Thursday pledged African governments $20 billion in credit over the next three years and called for more China-Africa coordination in international affairs to defend against the “bullying” of richer powers. South African President Jacob Zuma also took take a swipe at European trade partners who he said tended...
UNITED NATIONS (Reuters) – Russia and China vetoed a U.N. Security Council resolution on Thursday that threatened Syrian authorities with sanctions if they did not halt violence against an uprising, again thwarting Western hopes for tough action as the crisis in Syria escalates. It was the third time that Russia, a key ally of...
BEIJING (Reuters) – China called an urgent meeting with Russia in Beijing on Thursday, condemning its coastguard days after it fired on Chinese fishing boats and detained dozens of fishermen who had entered its exclusive economic zone. A Russian coastguard vessel on Tuesday fired warning shots at Chinese fishing vessels, then opened targeted fire...
BEIJING (Xinhua) — China will continue to maintain a firm grip of its real estate market and consolidate previous achievements in bringing down home prices so as to prevent them from rebounding, according to an urgent government notice released Thursday. “Local authorities must strictly implement the nation’s property control policies. They should not relax...
BEIJING – China’s population of Internet users, already the world’s biggest, has risen to 538 million, driven by rapid growth in wireless Web surfing, an industry group said Thursday. The latest figure represents an 11 percent increase from a year earlier, according to the report by the China Internet Network Information Center. The government...
QUITO (Reuters) – China National Petroleum Corp is in talks with Ecuador’s government over a potential investment in the OPEC-member’s Pacifico refinery project, an Ecuadorean minister said on Thursday. The $12.5 billion Pacifico refinery is a joint venture between state-run Petroecuador and Venezuela’s PDVSA. It is slated to begin production in late 2015. “CNPC...
SHANGHAI (WSJ) — China is considering expanding a trial program under which certain unlisted companies in Beijing are allowed to sell shares on an over-the-counter trading platform, a person familiar with the situation said Thursday, in a move that would give small businesses easier access to funding amid a slowing domestic economy. Under the...
Billionaire Akira Mori, the owner of Japan’s most profitable closely held developer, said he has formed a company to invest in China and advise Japanese companies on expanding there. “Japan’s environment is getting difficult; I want to build a company that is willing to take risks,” said Mori, 76, in an interview in Tokyo....
Analysts say continued efforts to unify Southeast Asian nations on the issue of territorial disputes in the South China Sea are being complicated by Beijing’s rising influence in the region. ASEAN, a bloc of 10 Southeast Asian nations, for the first time in its 45 year history failed to produce a joint statement at...
Associated Press People wait outside an Apple store for the iPhone 4S model as egg stains are seen on the left side of the window glass in Beijing in January. An angry crowd shouted and threw eggs at Apple’s Beijing flagship store after it failed to open on schedule to sell the popular smartphones....
