Tag: China

Tuesday, July 25th 2017 - 03:40 UTC
Repsol caught in the middle of the Hanoi/Beijing South China Sea powder keg

Vietnam has ordered a Spanish private company conducting a gas-drilling expedition in a disputed area of the South China Sea to cease operations following military threats from China, according to reports.
Wednesday, July 19th 2017 - 22:41 UTC
UK and London lose ground as preferred destinations for Chinese millionaires

The UK has slipped down the list of preferred destinations for Chinese millionaires considering moving overseas, a report suggests. While the US remains the favorite place to settle, Canada now ranks second pushing Britain into third spot.
Tuesday, July 18th 2017 - 07:24 UTC
Pleasant surprise from Far East: Chinese economy grows at annualized 6.9%

China's economy grew at an annual rate of 6.9% between April and June according to official figures, slightly higher than forecast. The growth rate, which compares expansion with the same three months in the previous year, was the same as in the first quarter of 2017.
Wednesday, July 12th 2017 - 20:41 UTC
China opens its first overseas military base in the Horn of Africa

Ships carrying personnel for China's first overseas military base, in Djibouti in the Horn of Africa, have set sail to begin setting up the facility, as China's rapidly modernizing military extends its global reach.
Thursday, July 6th 2017 - 19:16 UTC
Chinese company will exploit energy resources in Brazil

Petrobras announced that it signed a memorandum of understanding with the China National Petroleum Corporation (CNPC) to exploit energy resources in Brazil and abroad. In the statement, Petrobras said that the deal will allow the two state oil companies to benefit from each other's capacity and experience in oil and gas production.
Wednesday, June 28th 2017 - 17:21 UTC
Chinese Navy launches 10,000-tonne destroyer

China's Navy Wednesday launched a new 10,000-tonne domestically designed and produced destroyer. The vessel, of the Type 055 class, is the first of a new generation of destroyers equipped with new air defense, anti-missile, anti-ship and anti-submarine weapons, and it is regarded as a challenge to naval rivals in Asia. The ship entered the water following a ceremony at Shanghai's Jiangnan Shipyard.
Wednesday, May 24th 2017 - 08:36 UTC
World's second largest economy has its credit rating downgraded by Moody's

China has received a downgrade on its credit score, on worries about the future state of the economy. Moody's Investors Services brought down China's long-term local currency and foreign currency issuer ratings by one notch to Aa3 from A1, a move that could lead to a rise in the cost of borrowing for the Chinese government and state-owned enterprises. The ratings agency also changed its outlook for China to stable from negative.
Saturday, May 20th 2017 - 09:02 UTC
Macri returns from Beijing with US$ 17bn for infrastructure and energy projects

Argentine President Mauricio Macri and Chinese counterpart Xi Jinping have signed in Beijing 16 agreements worth at least US$17 billion in areas such as energy and transport infrastructure, confirming the close links between the two countries.
Thursday, May 18th 2017 - 21:30 UTC
Argentina applies to join the China led Asia Infrastructure Investment Bank

Foreign Minister Malcorra Susana said on Wednesday that Argentina has applied to join the China-led Asian Infrastructure Investment Bank (AIIB) and is willing to be actively involved in the Belt and Road Initiative.
Tuesday, May 16th 2017 - 10:34 UTC
China convenes 29 world leaders to launch its Silk Road plan to forge peace and free trade

Chinese President Xi Jinping pledged US$124 billion for his ambitious new Silk Road plan to forge a path of peace, inclusiveness and free trade, and called for the abandonment of old models based on rivalry and diplomatic power games.