Daily Archives: August 2, 2012

China Trade and Investment Grows in Africa

August 2, 2012

Hillary Clinton’s visit to Africa this week comes against a background of rapidly rising Chinese trade and investment with the continent. Analysts say a major goal of the U.S. secretary of state’s trip is to make sure the United States is not left behind in the competition for trade and influence. China surpassed the...

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China Hits Back at US Sanctions Against Bank

August 2, 2012

BEIJING — China on Wednesday urged the U.S. to revoke its sanctions against Bank of Kunlun Co., a unit of state-owned China National Petroleum Corp., and warned that the move would damage China’s interests and Sino-U.S. relations. U.S. sanctions against Chinese financial institutions “badly violate rules governing international relations and hurt China’s interests,” Chinese...

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Macau probes Sands China over privacy breach

August 2, 2012

HONG KONG (AP) — The Chinese arm of U.S. billionaire Sheldon Adelson’s gambling empire is being investigated by Macau privacy authorities over its handling of documents related to a lawsuit by its former CEO, who claims the company has links to crime bosses and encourages prostitution as part of its business strategy. Sands China...

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ASEAN path to economic union muddied by South China Sea

August 2, 2012

By Neil Chatterjee JAKARTA (Reuters) – Discord in Southeast Asia over how to deal with Beijing’s claims in the South China Sea comes as the region struggles to overcome competing national interests and form a European Union-style economic community by 2015. Political leaders and officials say the row may not directly affect plans by...

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Analysis: China unveils oil offensive in South China Sea squabble

August 2, 2012

By Randy Fabi and Chen Aizhu SINGAPORE/BEIJING (Reuters) – First came the diplomatic offensive, then the flexing of military muscle. Now, China is opening a third front to assert its claims in the South China Sea – moving ahead with its first major tender of oil and gas blocks in disputed parts of its...

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Olympics: Top China paper hits back over Ye doping doubts

August 2, 2012

BEIJING (Reuters) – China’s top official newspaper has waded into the furore over comments suggesting Olympics swimming sensation Ye Shiwen might have benefited from doping, saying that the unfounded suspicions showed ignorance and “deep-seated prejudice”. Chinese sports officials, Ye’s father and the 16-year old swimmer herself have all vehemently denied the doping concerns, which...

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