Tag: China

• Saturday, March 16th 2019 - 09:56 UTC

  China and Argentina resume talks for the construction of a nuclear power plant

  

  A delegation from China will visit Argentina this month to discuss the construction of a nuclear power plant, signaling possible progress in a deal that could increase Beijing’s deepening influence in Argentina. Accordingly, the “technical team” from China would meet local suppliers about the long-stalled nuclear power plant project, reportedly worth up to US$8 billion.

• Friday, March 15th 2019 - 09:04 UTC

  China approves foreign investment law hopefully to improve relations with US

  

  China's rubber-stamp parliament approved a foreign investment law on Friday that was fast-tracked and may serve as an olive branch in trade talks with the United States. The legislation aims to address long-running grievances from foreign businesses, but the US and European chambers of commerce have voiced concerns that they were not given enough time to give their input.

• Thursday, March 14th 2019 - 09:46 UTC

  China's industrial growth output fell to a 17-year low in Jan/Feb

  

  Growth in China’s industrial output fell to a 17-year low in the first two months of the year, pointing to further weakness in the world’s second-biggest economy that is likely to trigger more support measures from Beijing.

• Thursday, March 14th 2019 - 07:53 UTC

  Beijing offers to help Venezuela restore its power grid

  

  China offered on Wednesday to help Venezuela restore its power grid after President Nicolas Maduro accused U.S. counterpart Donald Trump of cyber “sabotage” that plunged the South American country into its worst blackout on record.

• Tuesday, March 12th 2019 - 11:33 UTC

  FAA says Boeing 737MAX8 model is airworthy but US Transport Secretary calls for “appropriate action”

  

  The US Federal Aviation Administration has told airlines it believes Boeing's 737 Max 8 model to be airworthy, after two fatal crashes inside six months. An Ethiopian Airlines plane en route from Addis Ababa to Nairobi crashed six minutes after take-off on Sunday, killing all 157 people on board. The incident followed Lion Air 737 Max 8 crash in October that killed 189.

• Tuesday, March 12th 2019 - 08:24 UTC

  Chinese tourists did 150 million outbound trips in 2018

  

  A total of 149.72 million outbound trips were made by Chinese tourists in 2018, up 14.7% from the previous year, the Ministry of Culture and Tourism announced, Trend reported citing Xinhua.

• Monday, March 11th 2019 - 08:50 UTC

  China orders the grounding of all Boeing 737 MAX

  

  China's aviation regulator said on Monday (Mar 11) it had ordered Chinese airlines to suspend their Boeing 737 MAX aircraft operations by 6pm following a deadly crash of one of the planes in Ethiopia.

• Friday, March 8th 2019 - 09:05 UTC

  China's exports tumble 21% during February, largest decline since 2016

  

  China's exports tumbled the most in three years in February while imports fell for a third straight month, pointing to a further slowdown in the economy despite a spate of support measures.

• Wednesday, March 6th 2019 - 08:20 UTC

  China's National Congress told the economy faces a “tough struggle ahead”

  

  China's number two leader Li Keqiang has warned the country faces “a tough struggle,” as he laid out plans to prop up the world's second-largest economy. Opening the annual session of China's parliament, he forecast a slower growth of 6% - 6.5% this year, down from a target of around 6.5% in 2018.

• Tuesday, March 5th 2019 - 09:55 UTC

  World markets fall as China cuts its economic growth target

  

  Asian shares stepped back on Tuesday after China cut its economic growth target and pledged measures to support the economy amid growing challenges from rising debt and a dispute over trade and technology with the United States. Australian shares dropped 0.6% while South Korea's Kospi lost 0.5%. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2% and Japan's Nikkei dropped 0.3%.