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...
SHANGHAI (AP) — 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,...
Activists opposed to China’s territorial claims in the South China Sea marched on the Chinese embassy in Manila Friday, further escalating the two countries’ territorial dispute. Huangyan Island is a small, rocky outcrop of land about 220 kilometers from the Philippine mainland of Luzon. Tensions in the region escalated on April 10 when the...
Newspapers showing coverage of suspended Chinese leader Bo Xilai, and a photo of his wife Gu Kailai (bottom R) who is being investigated for the murder of a British businessman, are displayed in Beijing. Photographer: Ed Jones via AFP/Getty Images China’s deepest political turmoil since 1989 has failed to shake confidence in the...
By ESTHER FUNG SHANGHAI — Investment in property development in China slowed in April, as housing sales continued to be weak despite government campaigns to bring down prices and support first-home buyers, deterring would-be developers from purchasing land. Property development investment grew 18.7% to 1.58 trillion yuan ($250.11 billion) in the January-April period from...
China warned its citizens against travel to the Philippines on Friday, and Chinese tour groups halted visits to the South East Asian neighbor. There is fear of violence against Chinese tourists amid protests and rising tensions over a maritime territorial dispute. The travel warning is the latest product of China-Philippines mistrust ignited last month...
NEW YORK (Reuters) – Oil fell on Friday and posted a second straight weekly loss as pressure from weak industrial growth in China countered news that U.S. consumer confidence hit a four-year high. Brent crude’s 6.2 percent slide in the past two weeks was the biggest two-week percentage loss since December 16. U.S. crude...
BEIJING/MANILA (Reuters) – China on Thursday urged the Philippines to ensure the safety of its citizens ahead of planned anti-Chinese protests, as tensions mount over a territorial standoff in the resource-rich South China Sea. A protest of about 1,000 people, organized for Friday in Manila by Philippine civil society and political groups, risks worsening...
China’s April trade data should show exports stabilizing as imports tick higher, reinforcing the view that the world’s second biggest economy is gradually recovering from its slowdown on Beijing’s pro-growth policy prescription. Economists say underlying growth momentum in exports picked up in April, once adjusted to take into account the high year-ago comparison figure...
