Saturday, 18 August 2018

Tag Archives: China

US technology charge false, says China

GENEVA: China has told the World Trade Organisation’s (WTO’s) dispute-settlement body that US accusations that Beijing forced companies to hand over technology as a cost of doing business in China were groundless. US President Donald Trump has accused China of stealing US ideas and announced a plan for a $50bn ...

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Iran nuclear deal signatories meet for first time since US pullout

VIENNA: Signatories of the Iran nuclear deal meet with the Islamic republic in Vienna on Friday in a bid to save the agreement two weeks after Washington’s dramatic withdrawal. For the first time since the deal came into force in 2015, China, Russia, France, Britain and Germany will gather – ...

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Asian markets rise as China and US agree to avert trade war

BEIJING: Asian markets rallied Monday and the dollar extended gains after the US and China said they had agreed to hold off imposing tariffs, averting a potentially damaging trade war . After high-level talks in Washington the two economic superpowers revealed a deal had been hammered out, ending months of ...

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China air force lands bombers on South China Sea island

SHANGHAI: China’s air force has landed bombers on islands and reefs in the South China Sea as part of a training exercise in the disputed region, it said in a statement. “A division of the People’s Liberation Army Air Force (PLAAF) recently organized multiple bombers such as the H-6K to ...

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China stands to gain in Iran after US quits nuclear deal

BEIJING: The US decision to reimpose sanctions on Iran could scare off European investors but oil-thirsty China may step into the void and ramp up business links with the country. China, which is already Iran’s top trade partner and one of its biggest buyers of crude, has signalled that it ...

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Bangladesh bourse sells stake to China, rejects India bid

DHAKA: Bangladesh’s main stock exchange signed an agreement Monday selling a quarter of the bourse to a Chinese consortium, an official said, formally rejecting a rival bid from regional ally India. Officials from the Shenzhen Stock Exchange and Shanghai Stock Exchange inked the deal to acquire 25 percent of the ...

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ZTE ends ‘major operations’ after US export ban

NEW YORK/BEIJING: ZTE, one of China’s leading technology companies, has announced it will end “major operations,” after the U.S. government barred American firms from doing business with the telecom equipment maker. The announcement by the fourth-largest wireless equipment maker in the country comes amid an escalating trade battle between the ...

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Japan, China hail warming ties amid troubled history

TOKYO: Japan and China, whose relations have been soured by disputes dating back to World War Two, hailed warming ties on Wednesday after agreeing to set up a security hotline to defuse possible maritime incidents that could spark tensions. After meeting Japanese Prime Minister Shinzo Abe, Chinese Premier Li Keqiang ...

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Chinese statue of Karl Marx erected in his German birthplace

TRIER: A massive statue of Karl Marx, the founding father of communism, was erected in his birthplace after the southern German city of Trier decided to accept the bronze sculpture from China despite concerns over the country’s human rights record. The 3-ton statue was erected ahead of the 200th birthday ...

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China ‘installs cruise missiles on South China Sea outposts’

WASHINGTON: China has installed anti-ship cruise missiles and surface-to-air missile systems on three of its outposts in the South China Sea, U.S. news network CNBC reported on Wednesday, citing sources with direct knowledge of U.S. intelligence reports. The move, if confirmed, would mark the first Chinese missile deployments in the ...

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