Taiwan will sign a key investment pact with former rival China at a top-level meeting this week, but anti-Beijing critics remain deeply sceptical of closer ties with the “rascal” mainland government. China’s chief negotiator Chen Yunlin will put his name under the much-delayed agreement in Taipei on Thursday, providing a legal umbrella for the...
Taiwan presented a peace proposal aimed at easing mounting tensions in a territorial dispute over an island chain in the East China Sea also claimed by China and Japan. The proposal, put forth by President Ma Ying-jeou on Sunday, came after Japanese Defence Minister Satoshi Morimoto warned Tokyo could send troops to the island...
Beijing’s housing bureau has proposed launching what could be China’s first real-estate investment trust (REIT), an official from the bureau said Tuesday, in an experiment that could help alleviate a funding squeeze plaguing China’s ambitious social housing program. The nation’s capital has submitted the proposal to the China Securities Regulatory Commission, said the official...
JOHANNESBURG (Reuters) – China overtook South Africa as the world’s largest producer of steel feedstock ferrochrome in the first six months of this year, accounting for 33 percent of the 4.8 million tonnes produced globally, Merafe Resources said on Tuesday. Output in South Africa, once the biggest supplier, fell 15 percent during the first...
The US and China splashed unusually harsh words on each other this week, but it may prove just a ripple in a larger dispute. In short, Beijing summoned a senior US diplomat on Aug. 4, after Washington criticized a new city and military garrison that China set up in a widely contested ocean area...
Taiwan’s highly educated workforce has been moving to China for more lucrative employment and business endeavors, but the result is a brain drain in Taiwan. TAIPEI, Taiwan — You’d think Beijing might show a little gratitude for Taiwan’s role in shaping China’s economic miracle. The island republic is the largest foreign investor and employer...
TAIPEI, Taiwan (AP) — Taiwan‘s exports fell 11.6 percent to $24.8 billion in July from a year earlier, contracting for a fifth consecutive month amid weak foreign demand for the island’s high-tech and other goods. The Finance Ministry said Tuesday that imports declined 3.2 percent to $23.9 billion in July. Exports to China fell...
BEIJING — DreamWorks Animation and Chinese partners announced plans Tuesday to co-produce the next “Kung Fu Panda” movie and develop an entertainment district in Shanghai, expanding Hollywood’s fast-growing ties to China. Hollywood studios have announced a flurry of deals with local partners to gain access to Chinese financing and a government-controlled film market that...
Taiwan said that inflation rose to a nearly four-year-high of 2.46 percent in July, mainly because of soaring food prices brought on by bad weather. The year-on-year hike in the consumer price index was the biggest since a 3.09 percent spike in September 2008 and was also up 0.38 percent from June, the Directorate...
