Friday, 14 December 2018

Tag Archives: China

China rejects ‘irresponsible’ Pentagon report on bombers

BEIJING: China on Saturday rejected what it called an “irresponsible” Pentagon report claiming Beijing s bombers are likely training for strikes against US and allied targets in the Pacific. The Thursday report said China was leveraging its growing military, economic and diplomatic clout to rapidly establish regional dominance, while its bombers ...

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Asian markets bounce back on US-China trade talks

HONG KONG: Asian markets opened higher after a positive lead from Wall Street and Europe, with investors cautiously optimistic about upcoming US-China trade talks. Negotiators from Washington and Beijing will meet later this month in the first publicly announced meeting in weeks on their bitter trade dispute, which has seen ...

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China delegation will visit U.S. to address trade war

China’s commerce ministry said it will send a delegation to the United States this month for talks aimed at easing the contentious trade war. Commerce Vice-Minister Wang Shouwen will lead the delegation to meet U.S. Treasury Undersecretary David Malpass, to discuss “economic and trade issues” at the invitation of the ...

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Tencent profits drop as China puts squeeze on online games

BEIJING: China’s Tencent reported a quarterly drop in net income Wednesday, amid an apparent regulatory squeeze on the tech giant’s online gaming business. Total revenues for the quarter rose by 30 percent year-on-year to 73.68 billion yuan ($10.65 billion) while online games revenue increased 6 percent to 25.20 billion yuan, ...

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US blacklists Russian, Chinese companies for breaking North Korea embargo

The US Treasury announced sanctions on Russian and Chinese companies Wednesday for violating the economic embargo on North Korea as Washington seeks to keep pressure on Pyongyang over its nuclear program. The Treasury accused China-based Dalian Sun Moon Star International Logistics Trading Co and its Singapore-based affiliate, SINSMS Pte., of ...

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US pledges $300m security funding for south-east Asia

China's Foreign Minister Wang Yi (6th from L) poses with (L to 5th L) Laos' Minister of Foreign Affairs Saleumxay Kommasith, Malaysia's Foreign Minister Saifuddin Abdullah, Myanmar's Union Minister for the Office of the State Counsellor U Kyaw Tint, Thailand's Foreign Minister Don Pramudwinai, Vietnam's Deputy Prime Minister and Foreign Minister Pham Binh Minh, (6th R to R) Singapore's Minister for Foreign Affairs Vivian Balakrishnan, Philippines' Foreign Affairs Secretary Alan Peter Cayetano, Brunei's Second Minister of Foreign Affairs and Trade Erywan Yusof, Cambodia's permanent representative to the Association of Southeast Asian Nations Kan Pharidh, Indonesia's Foreign Minister Retno Marsudi, and ASEAN Secretary General Lim Jock Hoi during a bilateral meeting at the 51st Association of Southeast Asian Nations (ASEAN) Ministerial Meeting in Singapore on August 2, 2018. / AFP PHOTO / ROSLAN RAHMAN / “The erroneous mention[s] appearing in the metadata of this photo by ROSLAN RAHMAN has been modified in AFP systems in the following manner: [adding identity of Cambodia's permanent representative to the Association of Southeast Asian Nations Kan Pharidh]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require.

BEIJING on Saturday vowed to maintain its military presence in the South China Sea, insisting the US is “the biggest force for militarisation in this region” after US Secretary of State Mike Pompeo pledged US$300 million to boost security in the Indo-Pacific. The investment is part of US efforts to ...

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Starbucks, Alibaba’s forge coffee delivery tie-up in China

BEIJING: Starbucks Corp on Thursday launched a partnership with Alibaba Group’s Chinese food delivery platform Ele.me, in a move to shore up sales in its second-largest market and to battle aggressive competition from local coffee start-ups. Starbucks flagged in June that it was pursuing such a tie-up after reporting a ...

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Mike Pompeo warns against IMF bailout for Pakistan

NEW YORK: US Secretary of State Mike Pompeo warned that any potential International Monetary Fund bailout for Pakistan’s new government should not provide funds to pay off Chinese lenders. In an interview with CNBC television, Pompeo said the United Statekhs looked forward to engagement with the government of Pakistan’s expected ...

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Beijing to shut 1,000 manufacturing firms by 2020

SHANGHAI: China’s capital Beijing will shut around 1,000 manufacturing firms by 2020 as part of a program aimed at curbing smog and boosting income in neighboring regions, state media said on Monday. Beijing will focus on dynamic, high-tech industries and withdraw from “ordinary” manufacturing, the Communist Party paper People’s Daily ...

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