China's central bank announced a steep cut in the level of cash that banks must hold as reserves, stepping up moves to lower financing costs and spur growth amid concerns over the economic drag from an escalating trade dispute with the United States.
The expulsion of British journalist Victor Mallet from Hong Kong is regarded worldwide as a chilling message about the steady erosion of basic rights in the semi autonomous Chinese city, according to the Financial Times.
Canada has not invited the United States or China to a high-level meeting on reforming the World Trade Organization (WTO). The country will host a small group of like-minded trade ministers in Ottawa in late October to discuss the global trade body. Officials say countries like the US and China will be included at a later date in the reforms discussion process.
China on Sunday said it was investigating Interpol's President Meng Hongwei, who went missing in September, over “suspected law violations”. The international police agency then announced it had received Meng's resignation.
French police have opened an investigation into the whereabouts of the president of international police cooperation agency Interpol, after his wife reported he had gone missing after travelling home to his native China last week. The French interior ministry said on Friday his wife has been placed under protection after threats.
Vice-president Mike Pence on Thursday accused China of military aggression, commercial theft and rising human rights violations as he cast the Asian power as a villain bent on interfering in upcoming US elections.
China on Wednesday unveiled plans to cut tariffs for products including machinery, electrical equipment and textile products beginning on Nov. 1, as the country braces for an escalating trade war with the United States.
China and the United States can compete but should not view each other with a Cold War mentality and should avoid falling into a zero-sum game trap, the Chinese government's top diplomat said, amid deteriorating ties between the superpowers.
Pope Francis on Tuesday defended a landmark deal between the Vatican and China on the appointment of bishops, saying he, and not the Beijing government, will have the final say on who is named. In his first public comments on the deal signed in Beijing on Saturday, he told reporters on the plane returning from a trip to the Baltics that while he realizes not everyone will understand the logic behind the agreement, he was confident in the “great faith” of Chinese Catholics.
China plans to reduce the average tariff rate on imports from most of its trading partners as soon as October, Bloomberg News reported on Thursday. In July, China cut import tariffs on almost 1,500 consumer products ranging from cosmetics to home appliances as part of efforts to open up its economy, the world’s second biggest.