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China News 06/2016 (Page 2)



On southwestern fringe, China's Silk Road ambitions face obstacles
KUNMING, China/VIENTIANE For the southwestern city of Kunming, China's plan to extend a high-speed rail link 3,000 km (1,875 miles) south to Singapore is already a boon: pristine expressways, a gleaming station and something of a real estate boom, ...

China Admiral Touts Cooperation While Warning on Sea Spats
Chinese Admiral Sun Jianguo used a speech to global defense chiefs to tout his military's cooperation in the western Pacific, while taking aim at the U.S. for sailing ships near reefs China claims in the disputed South China Sea. Sun's address struck a ...

Diplomatic tag as countries find new ways of standing up to China
SINGAPORE When U.S. Defense Secretary Ash Carter spoke at a key Asian summit at the weekend, he used the word "principled" 38 times, floating his vision of a U.S.-backed "security network" of countries in the region. Several delegations were quick to ...

Chinese police station's arresting message to unregistered foreigners has desired effect
An ultimatum issued by police to unregistered foreign residents in southern China last week has gone viral on the country's social media, being dubbed by some internet users as “the strongest wording by Chinese government to foreigners ever”, a news ...

US Treasury Secretary Lew says excess capacity "corrosive" for China growth
BEIJING China's excess industrial capacity will have a "corrosive" impact on its future growth and efficiency unless it is reduced, U.S. Treasury Secretary Jack Lew said on Sunday, adding that it was also causing distortions in global markets. Lew ...

China's Xi Opens U.S. Talks With Plea Not to Fear Disputes
President Xi Jinping opened an annual meeting of top U.S. and Chinese officials by highlighting areas of cooperation, striking an accommodating tone even as tensions simmer over China's land-reclamation in the South China Sea. QuickTake Territorial ...

China rebuffs Taiwan president's offer on democracy
BEIJING China on Monday rejected an offer by Taiwan's new president to share the island's experience of democracy, saying it was confident of the path it had chosen. President Tsai Ing-wen made the offer via Facebook on Saturday in a post about the ...

Democracy is nothing to fear, China told
Taipei - On the anniversary of China's bloody crackdown on student-led protests in and around Beijing's Tiananmen Square, Taiwan's new president told China on Saturday that democracy is nothing to fear. Tsai Ing-wen said in a Facebook post on the 27th ...

China's Lou Says Not So Fast on U.S. Calls to Cut Overcapacity
China's finance minister pushed back against U.S. calls for his country to eliminate overcapacity, saying that while the government is addressing the issue, the economy isn't centrally planned and private firms can't just be ordered to cut output. The ...

China's Suning takes majority stake in Inter Milan
NANJING, East China, June 6 (Xinhua) -- China's retail giant Suning Group has owned a 70 percent stake in Italian football club Inter Milan, a deal worth 270 million euros, Suning Group announced here on Monday. Suning Sports, a newly established ...

New trading system backs Shenzhen-HK Stock Connect
SHENZHEN, June 6 (Xinhua) -- A new stock trading system was put to use at China's Shenzhen Stock Exchange on Monday, paving the way for a stock connect program between the Shenzhen and Hong Kong bourses. The new system supports cross-market ...

China to keep up overseas hunt down to last graft fugitive – even if ill-gotten gains are gone
A file picture of Li Huabo, a corruption suspect who was returned to China last year from Singapore. The former director of the finance bureau in Poyang county in Jiangxi province is accused of fraud. Photo: Xinhua. Choi Chi-yuk ...

New Urgency For Taiwan President's Goal Of Easing Away From China
Taiwan's government, in office less than a month, forgot even to fake a smile for its globally strategic economy after reporting the latest dismal data. The moderately well-off East Asian island's GDP dependent on making stuff such as your smartphones ...

U.S. 'dangerously' miscalculating China's military goals and capabilities, analysts warn
Tensions in the South China Sea are rising, pitting China against smaller and weaker neighbors that all lay claim to a string of isles, coral reefs and lagoons, rich in fish and potential gas and oil reserves. (Associated Press) more >. 0. Share. 0 ...

PBOC's Yi Says Fed Rate Hike Would Be Good for China Economy
A Federal Reserve interest-rate increase would be good for China because it would signal demand is rising and the U.S. economy is improving, People's Bank of China Deputy Governor Yi Gang said at a briefing. Playing down concerns of spillover effects ...

Are European companies falling out of love with China?
China's slow progress in opening up its economy to foreign business has prompted European companies to re-evaluate their operations in the world's second largest economy and in some cases drop plans to expand, according to an annual business ...

China Threat Drives US-India Strategic Handshake
Indian Prime Minister Narendra Modi is in Washington this week, where he will meet with President Barack Obama for the fourth time on Tuesday and then separately meet with Secretary of Defense Ashton Carter. On Wednesday, Modi will speak before a ...

China and US agree to tackle steel glut and enforce North Korean sanctions as high-level talks end
China pledged yesterday to rein in excess steel output and work with the US to enforce sanctions against North Korea, but there was no progress on the simmering tensions in the South China Sea. The pledge was made as China and the United States ...

Manila advised against talks with China over disputed waters
MANILA - A former Philippine foreign minister and a U.S. security expert said on Tuesday Philippine President-elect Rodrigo Duterte should not hold unconditional bilateral talks with China to try to resolve their South China Sea dispute. China claims ...

China Shrugs Off US, Confident in Its Magnetic Allure
BEIJING—By alarming neighbors with its activities in the South China Sea, China risks “erecting a Great Wall of self-isolation,” U.S. Defense Secretary Ash Carter told a high-level security gathering in Singapore over the weekend, drawing an instant ...

China gives US investment quota for first time to deepen financial ties
BEIJING China will give the United States a 250 billion yuan ($38 billion) investment quota for the first time to buy Chinese stocks, bonds and other assets, officials said on Tuesday, deepening financial ties and interdependence between the world's ...

China's exports tumble again in May as global demand stays weak
May's soggy Chinese trade data offered the latest sign that the world's second-largest economy was still a long way off from full health. Exports in dollar-denominated terms tanked 4.1 percent on-year, more than double April's 1.8 percent fall and ...

More Australians in favour of stronger ties with China than the US, research reveals
Malcolm Turnbull and and the president of China, Xi Jinping. Photograph: Xinhua /Landov / Barcroft Media. Michael Safi · @safimichael. Wednesday 8 June 2016 04.20 EDT Last modified on Wednesday 8 June 2016 07.55 EDT. Share on Facebook · Share ...

US says China fighter made 'unsafe' intercept of spy plane
WASHINGTON/BEIJING A Chinese fighter jet carried out an "unsafe" intercept of a U.S. spy plane on routine patrol on Tuesday in international airspace over the East China Sea, the U.S. Pacific Command said, as China again demanded an end to U.S. ...

China blasts 'unilateral' Philippine move ahead of ruling
In this Jan. 6, 2016 photo released by China's Xinhua News Agency, a China Southern Airlines jetliner lands at the airfield on Fiery Cross Reef, known as Yongshu Reef in Chinese, in the Spratly Islands, known as Nansha Islands in Chinese, of the South ...

Shanghai and Hong Kong down despite China data, Tokyo rises
China said imports fell in May at their slowest pace for 19 months, fuelling hopes of a pick-up in demand, but traders in Hong Kong and Shanghai gave a muted reaction on Wednesday. Posted 08 Jun 2016 18:07. PHOTOS. A woman looks at an electronic ...

China's crude oil import unit price hits record high
BEIJING, June 8 (Xinhua)-- China's crude oil import unit price hit a record high in May as global crude oil prices continued to rise, official data showed Wednesday. China spent 60.76 billion yuan (9.26 billion U.S.dollars) on importing 32.24 million ...

China Focus: Stock connect gaining favor among overseas investors: survey
BEIJING, June 8 (Xinhua) -- Overseas investors are showing more interest in China's capital market despite volatilities some say had kept investors on the sidelines, a survey by Standard Chartered found. The survey, published by the Asia-focused lender ...

China's overbearing strategic dialogue strains
The Chinese and Indian stock markets, both with MSCI index losses through May, looked in vain for positive momentum from top-level bilateral meetings with the US as the annual Strategic and Economic Dialogue (SED) ended in Beijing this week and Indian ...

China wants PH to drop UN suit
Faced with a setback in a United Nations arbitral court, China on Wednesday urged the Philippines to drop its legal tack and return to bilateral negotiation to settle their territorial dispute in the South China Sea. China did not say, however, whether ...


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