Monthly Archives: August 2012

Mainland, Taiwan, to hold joint exercises

August 31, 2012
Mainland, Taiwan, to hold joint exercises

Rescue ships from the Chinese mainland and Taiwan conduct a joint drill on Thursday on the sea between Xiamen and Jinmen. More than 300 people and 27 vessels took part in the exercise, the second round since the two sides began such cooperation in 2010. Mainland officials for the first time boarded a Taiwan...

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China buys 50 Airbus jets during Merkel visit

August 31, 2012
China buys 50 Airbus jets during Merkel visit

BEIJING (Reuters) – China signed an agreement with Germany for 50 Airbus planes worth up to $4 billion during Chancellor Angela Merkel‘s visit to Beijing on Thursday, the first significant order since a dispute between Beijing and Europe over emissions trading. The dispute between Beijing and the European Union had interrupted earlier deals worth...

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China says willing to buy EU bonds amid worsening crisis

August 31, 2012
China says willing to buy EU bonds amid worsening crisis

BEIJING (Reuters) – China is prepared to buy more EU government bonds amid a worsening European debt crisis that is dragging on the world economy, Premier Wen Jiabao said, in the strongest sign of support for its biggest trading partner in months. The debt crisis, which has dented demand for Chinese exports and dragged...

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China in Focus as Clinton Heads to South Pacific

August 31, 2012

Secretary of State Hillary Rodham Clinton will try to reassert American interests in the Asia-Pacific region in the face of China‘s growing influence as she kicks off a six-nation trip that will take her from the South Pacific to Russia’s Far East. Clinton left Washington on Thursday on a trip that will keep her...

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Taiwan coastguard ship hosts Chinese vice minister

August 31, 2012

Taipei, (AFP) – Chinese government officials Thursday boarded a Taiwanese coastguard frigate for the first time, in a rare joint search and rescue drill involving hundreds of crew members, Taiwan coastguards said. Around 600 rescuers and coastguards from Taiwan and China took part in the manoeuvre in waters near Kinmen, a Taiwan-controlled island group...

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China says missile tests targeted at no specific country

August 31, 2012

Xinhua |By Agencies China’s Defense Ministry spokesman confirmed on Thursday that the People’s Liberation Army (PLA) had conducted missile tests within national territory and clarified that they were not targeted at any one country. “We conducted some normal weapons tests within the territory recently,” spokesman Geng Yansheng told a regular press conference arranged by...

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Growth in China’s overseas investment slows

August 31, 2012

China said Thursday growth in its overseas direct investment slowed sharply last year as the global economic recovery remained weak and amid financial turmoil in Europe and the United States. Beijing also called on foreign countries to treat its investors fairly amid continued suspicions in some about the growing economic influence of the Asian...

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China’s ICBC says profit up 12.5 percent

August 31, 2012

BEIJING (AP) — Industrial Commercial Bank of China Ltd., the country’s biggest state-owned commercial lender, says its first-half profit rose 12.5 percent despite a slowing economy. ICBC said it earned 123.2 billion yuan ($19.6 billion), or 0.35 yuan (5 U.S. cents) per share, on revenue of 262.8 billion yuan ($41.7 billion) in the six...

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Taiwan dismisses Japan’s sovereignty claims

August 30, 2012

Taiwan does not recognise any unilateral move or argument by Japanese officials on the disputed Tiaoyu Islands, a Taiwanese official said yesterday amid growing tensions over the issue. From the perspectives of geography, history and international law, “it is indisputable that we hold sovereignty over the Tiaoyutais,” Ministry of Foreign Affairs spokesman Steve Hsia...

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China defense chief plans rare India trip, to discuss border

August 30, 2012

NEW DELHI (Reuters) – China‘s defense minister is due to visit India next week to seek deeper military ties, in a rare trip seen as a sign Beijing wants to stabilize its heavily fortified Himalayan border as it deals with growing friction in the South China Sea. General Liang Guanglie will be the first...

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August 2012
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