US President Donald Trump has climbed down on past threats and agreed to honour the so-called One China policy. He backed the long-standing agreement during a call with Chinese President Xi Jinping, the White House said. The One China policy states that there is only one Chinese government.
China's economy grew by 6.7% in 2016, compared with 6.9% a year earlier, marking its slowest growth in more than a quarter of a century. China's growth is a key driver of the global economy and a major concern for investors around the world. The figure is in line with Beijing's official growth target of between 6.5% and 7%.
China's president Xi told the World Economic Forum in Davos on Monday that the “migrant crisis had been caused by war, conflict and regional turbulence,” not globalization. Similarly, the 2007/8 financial crisis was caused by “the excessive pursuit of profits and a lack of economic regulations,” he said.
Global Times, the official English language spokesperson of the Chinese Communistry party has sent a very strong reply to the incoming Trump administration referred to the disputed South China islands occupied by Beijing.
On Wednesday, Beijing was under a red alert for smog, the highest of four levels, and a yellow alert for fog. Other areas, particularly in northern China were still under red alert as of Wednesday for both fog and smog. The high pollution has been going on for a number of weeks, causing flight delays, and leading to traffic bans, as part of what is called smog season or airpocalypse.
China says it will hand over an underwater U.S. drone it seized in the international waters of the South China Sea, prompting President-elect Donald Trump to say the United States should tell China to keep the device. Trump does not assume power for another month, but weighed in on the maritime incident in which Chinese naval forces seized the unmanned submersible while it was collecting unclassified scientific data on Thursday.
China's battle for recognition as a market economy that would help it avoid penalties from key trade partners has been thwarted, as a key clause in Beijing's deal to join the WTO expired on Sunday.
China's Pingtan Marine has announced the launch of two new squid jiggers, bound for the southwest Atlantic and southeast Pacific oceans. The two newly-completed vessels should reach fishing grounds by late December, and sales of squid catches are then expected to begin in the first quarter of 2017.
Zhang Xiangchen, China's deputy international trade representative, said his country would defend its rights under World Trade Organization tariff rules should Trump uphold his campaign threats to levy punitive duties on China-made goods, which, according to an Auxtralian expert, is “very unlikely” to happen.
Chinese President said that his country's alliance with Latin America and Caribbean countries was of strategic importance as he opened the Economic Commission for Latin America and the Caribbean (ECLAC) Media Leaders Summit in Santiago.