Malaysia expands port ties with China


  • Malaysia and China have expanded port alliance with the signing of memorandum of understanding (MOU) between Kuantan Port Authority and the Port of Huizhou here. Minister of Transport, Datuk Seri Liow Tiong Lai, said the MOU was expected to further strengthen trade activities between the two countries. “The MOU is important to support China’s 21st Century Maritime Silk Road initiative to expand trade in the region.

Provinces of S. Korea, China form sister relationship


  • The governors of South Korea’s South Chungcheong Province and China’s Guangdong Province signed Monday a sister relationship pact to enhance their friendship and cooperation, the South Korean provincial government said. The formation of the sister relationship was made in Guangzhou, southern China, between South Chungcheong Gov. Ahn Hee-jung, who was visiting the Chinese province, and Guangdong Gov. Zhu Xiaodan. Under the pact, the two regions are to cooperate in the sectors of administration, economy, culture, arts, sports, youth and science and technologies.

China, Russia, Mongolia ink economic corridor plan

Jun 24, 2016

  • China, Russia and Mongolia signed a development plan on Thursday to build an economic corridor that will boost transport links and economic cooperation among the three neighbors, the official Xinhua News Agency reported. The plan comes after Chinese President Xi Jinping said Chinese companies invested nearly $15 billion in countries participating in Beijing’s new Silk Road initiative last year, up one-fifth from 2014.

Overseas Chinese graduates return with knowledge, knowhow


  • Chen Ning was pleasantly surprised when it took just four hours for his business license to be approved by Shenzhen city government in south China. In the past, the process could last months. “I was astonished,” said Chen, who graduated from Georgia Institute of Technology, the United States, with a PhD in engineering, decided to return to China two years ago to start a human intelligence device company.

China see off Brazil to remain undefeated


  • China’s Fangxu Yang scored 12 points as her team swept aside Brazil 3-0 (25-23, 25-16, 25-20) in their last Pool D1 match at 2016 FIVB World Grand Prix. The next best scorer for China was Ting Zhu with 10 points, while Brazil’s Fernanda Rodrigues scored a team-high 11.

China, Serbia sign over 20 agreements, pledge to boost ties

Jun. 18, 2016

  • President Xi Jinping said Saturday that China wants to deepen its relations with Serbia as the two countries signed a series of bilateral agreements, reflecting the Asian power’s bid to boost its presence in the Balkans and more widely in Europe. Xi signed a declaration on strategic partnership with Serbia’s President Tomislav Nikolic. He also oversaw the signing of 21 agreements and memorandums ranging from economy, infrastructure, energy and finance to defense industry, technology, culture and media.

Chinese and Belgian Football Associations sign development deal


  • The Chinese Football Association (CFA) has agreed a Memorandum of Understanding (MoU) with its counterparts at the Royal Belgian Football Association. Signed by CFA Chairman Cai Zhenhua and RBFA President François De Keersmaecker, the agreement will see both football associations collaborate on a number of levels, including visits, trainer development and national friendly matches among all age groups, according to a report by Yutang Sports.

Chinese Universities Dominate New Top Universities in Asia Ranking


  • 124 universities from China including 82 from the Chinese mainland, 7 from Hong Kong, 34 from Taiwan and 1 from Macao have entered into the list of “QS University Rankings: Asia 2016” – a ranking of the 350 top universities in Asia. National University of Singapore tops the ranking, followed by the University of Hong Kong, according to the list. Tsinghua University from the Chinese mainland placed within the top ten, ranking fifth and surpassing Peking University which ranks ninth on the list.

China thanks countries for supporting it over South China Sea

Jun 14, 2016

  • China expressed thanks on Tuesday for the dozens of countries it says have offered support for its position on a case brought by the Philippines over Chinese claims in the South China Sea, saying they are speaking out to uphold justice. The Chinese government says more than 40 countries have offered support for its position, the latest being the African nations of Sierra Leone and Kenya.

China, Nepal Connected by Optical Fiber for First Time


  • State-owned Nepal Telecom (NT) announced Saturday that its optical fiber network has been connected with that of the China Telecom Corporation Limited. This has ended Nepal’s sole dependence on India for connecting the Himalayan country with global telecom services.

China To Install Tsunami Detection Buoys In Disputed South China Sea

June 11, 2016

  • China plans to install tsunami detection buoys in the disputed South China Sea and waters east of the Ryukyu Trench and Taiwan Island to firm up its hold on the disputed region. They will be linked to international tsunami warning networks, providing early warnings for China’s east and south coasts and nearby countries, said Yuan Ye, director of the tsunami warning centre of the State Oceanic Administration. Some buoys have been installed west of the Manila Trench, which has the potential to generate a tsunami event in the South China Sea, Yuan was quoted as saying by the state-run Xinhua news agency today.

China unveils rail network upgrade, gas pipeline plans for Pakistan

June 9, 2016

  • China will invest about $8.5 billion to upgrade Pakistan’s rail network and to build a key gas pipeline with Iran to meet the country’s energy needs, a media report said on Thursday. The Central Development Working Party (CDWP), a Pakistan body to authorise major projects, on Wednesday approved the two projects worth $10 billion. China will provide loans equivalent to 85 per cent ($8.5 billion) of the cost of each project.

Record showing for China on ‘power women’ list

6 June 2016

  • Chinese women have made their strongest showing on Forbes magazine’s list of the world’s most powerful women. The survey also included a record number of women from the UK, though German Chancellor Angela Merkel remains in the top spot. Hillary Clinton, the US presidential candidate, and Janet Yellen, chair of the Federal Reserve, were second and third. The US dominated the list with 51 women represented, while China was second.

Azerbaijan interested in developing strategic partnership with China, says Prime Minister


  • Azerbaijani Prime Minister Artur Rasizade has expressed the country`s interest in developing strategic partnership with China as he met with member of the Standing Committee of Central Politburo of Communist Party, Senior Vice Premier of the State Council Zhang Gaoli. Rasizade hailed mutual relations between the two countries, and thanked the Chinese leadership for constant support for Azerbaijan on all stages of mutual activity.

Japan protests China’s continued gas development in East China Sea

Jun 2, 2016

  • Japan has lodged a protest over China’s gas field developments in the East China Sea after confirming the building of new structures at Chinese facilities in the waters despite Tokyo’s repeated calls to refrain from such acts, Foreign Minister Fumio Kishida said Thursday. “It is extremely regrettable that China is proceeding with unilateral developments in the East China Sea even though the boundary between Japan and China in the waters has not yet been fixed,” Kishida told reporters.

Chinese worker wounded in Pakistani bomb attack

May 30, 2016

  • A Chinese worker and his driver were wounded in Pakistan on Monday in a bomb attack claimed by ethnic nationalists opposed to plans for extensive Chinese investment, police said. The attack is likely to raise concern about a planned China Pakistan economic corridor (CPEC), involving $46 billion in Chinese investment in roads, power plants, railway lines and a new port in Pakistan.

China, Bangladesh vow to boost military cooperation

May 30, 2016

  • China and Bangladesh vowed In Dhaka on Sunday to further boost exchange and cooperation between the two militaries. The pledge came after Chang Wanquan, China’s defense minister, met with Bangladesh’s Chief of Army Staff General Abu Belal Muhammad Shafiul Hug, Chief of Naval Staff Admiral Mohammad Nizamuddin Ahmed and Chief of Air Staff Marshal Abu Esrar respectively.

China, New Zealand vow to further boost bilateral relations


  • China and New Zealand have vowed to further promote bilateral relations. The pledge was made here Tuesday during a meeting between Liu Qibao, head of the Publicity Department of the Communist Party of China (CPC) Central Committee, and New Zealand Prime Minister John Key.

Over 400 athletes will represent China at Rio 2016 Olympics


  • More than 400 athletes will represent China at the Rio 2016 Olympic Games, a top Chinese sporting official announced at a press briefing yesterday. Liu Aijie, deputy director of the competitive sports department of the State General Administration of Sport, believes that Chinese athletes will compete in about 220 events across 26 sports, wrote Sina News.

Malaysia and China to explore joint military collaborations to combat extremism

25 May 2016

  • Malaysia is ready to discuss further possibilities of military collaborations with the People’s Republic of China to tackle the threats of extremism, terrorism, kidnappings and other criminality, said the Prime Minister’s Office (PMO). The PMO said in a statement on Wednesday that relevant ministers, senior officials and agencies will further explore the details of such future collaborations.

China, Thailand vow to further promote military ties


  • China and Thailand have vowed to improve military relations and cooperation in areas such as training and defense industry. The pledge was made on Tuesday night during a meeting between Chinese Defense Minister Chang Wanquan and Thai Defense Minister Prawit Wongsuwan when they were preparing for the informal meeting between Chinese and ASEAN defense ministers held on Wednesday.

Strasbourg holds 6th France’s Chinese Film Festival


  • 11 Chinese films, all produced in 2015, will tour 7 French cities. Among them are: ‘Crouching Tiger, Hidden Dragon’; fantasy film ‘Mojin, the Lost Legend’; animation film ‘Monkey King: Hero is Back’; and ‘Mao Tai’, named after a famous brand of liquor. “The film tells about the love and hatred between two wine-making families. They finally reunite to create the wine which graces the feast for the founding party of the People’s Republic of China. The film shows the passing down of the wine-making business,” said Song Jiangpo, director of “Mao Tai”.

President Mukherjee invites Chinese entrepreneurs to ‘Make in India’

May 25, 2016

  • President Pranab Mukherjee on Wednesday invited Chinese entrepreneurs to participate in the ‘Make in India’ initiative and said India was committed to providing “conducive atmosphere” for investment from China. The president, who is on a four-day visit to China, said India believes that there is “great potential for economic and commercial cooperation among our nations, which face similar opportunities and challenges”.

China, South Korea vow to boost mutual trust, expand cooperation


  • China and South Korea have vowed here to boost mutual trust and expand cooperation in all fields. The pledge came as Liu Qibao, head of the Publicity Department of the Communist Party of China (CPC) Central Committee, visited South Korea on May 20-23. During his visit, Liu met with Speaker of the South Korean National Assembly Chung Eui-hwa, Deputy Prime Minister Lee Joon-sik, Foreign Minister Yun Byung-se and Cultural, Sports and Tourism Minister Kim Jong-deok.

‘I would not support Taiwan independence’: defense minister

May 23, 2016

  • – Defense Minister Feng Shih-kuan (馮世寬) on Monday said he would not support Taiwan independence and that President Tsai Ing-wen had never to his knowledge publicly endorsed Taiwan independence. Feng was speaking to Kuomintang Legislator Huang Chao-shun (黃昭順) in the first interpellation session of his tenure at the Legislature’s Foreign and National Defense Committee.

Azerbaijan and China: Greater integration

23 May 2016

  • Rapidly expanding trade and nascent investment promise stronger links between China, the world’s second largest economy, and Azerbaijan, an energy rich country on the Caspian basin. Economic ties between Azerbaijan and China play a large role in the bilateral political relationships. The two share a common interest in boosting the collaboration and partnership, as the rapid rise of China and Azerbaijan, and the growing integration between them, has a clear boost for regional projects.

Chinese FM stresses China’s support to Central Asian countries


  • China stands ready to support the development of Central Asian countries, said visiting Chinese Foreign Minister Wang Yi here on Sunday. Wang made the remarks while meeting the press along with his Kyrgyz counterpart, Erlan Abdyldaev, after the two foreign ministers concluded their talks. The year of 2016, which marks the 25th anniversary of the independence of the five Central Asian countries, is of great significance to linking the past and the future, said Wang.

Irish campaign to encourage more Chinese tourists

May 23, 2016

  • Ireland only needs a small share of the booming Chinese overseas tourist market to make a major impact and a recent trade mission marked a big step forward, said Ireland’s Ambassador to China, Paul Kavanagh. China is the world’s largest outbound travel market, with some 120 million people travelling overseas in 2015. Last year, the number of Chinese visitors to Ireland was up 18 per cent to 45,000, and a target of 50,000 in 2017 looks set to be exceeded in 2016.

China Best in Asia for Its College ‘System Strength’

May 21, 2016

  • China has the best national environment for higher education institutions in Asia, according to rankings released recently by higher education consulting company Quacquarelli Symonds. The 2016 Higher Education System Strength rankings placed China at eighth worldwide, followed by South Korea, which ranked ninth. Japan was 10th. It was China’s best performance of the past three years and is also the first time the mainland surpassed Italy and Japan in the strength of higher education systems.

China says more than 40 countries support its stance on South China Sea dispute

May 20, 2016

  • China said on Friday more than 40 countries support its position on an international legal case brought by the Philippines over its claims in the South China Sea. China refuses to recognize the Philippine case and says all disputes should be resolved through bilateral talks. Beijing has stepped up its rhetoric ahead of an expected ruling by the Permanent Court of Arbitration in The Hague on the Philippines case.

10 billion yen granted to China activists by U.S. group

May 18, 2016

  • According to the NED’s annual listing, since its founding in 1983, it provided a total of $96.52 million (10.6 billion yen at the current exchange rate) to at least 103 groups in China involved in the democracy movement or active in improving the human rights situation there. Of that amount, $6.25 million went to groups affiliated with Tibet and $5.56 million to groups backing the Uighur cause. The World Uyghur Congress and the Tibetan Youth Congress, both of which are regarded by the Chinese government as terrorist groups, received funding.

Pakistan and China relations: 65 years of friendship to strategic partnership

May 15, 2016

  • Pakistan and China are celebrating 2016 as an year of friendship to mark 65 years of diplomatic relations which are constantly moving on an ascending trajectory and gaining strength with the passage of time. The two countries have prepared a number of events to celebrate the anniversary of their friendship, which is unique in many ways in the recent history of state-to-state and people-to-people relations.

Philippines’ Duterte wants friendly ties with China

16 May 2016

  • Philippines’ president-elect Rodrigo Duterte said on Sunday he wanted friendly relations with China and confirmed he was open to direct talks over a territorial row that has badly damaged bilateral ties. Duterte also announced that China’s ambassador to Manila would be among the first three foreign envoys he planned to meet on Monday, after winning the May 9 presidential election in a landslide.

5 Chinese fashion designers, established and emerging, who you need to know

15 May, 2016

  • China’s economic rise has had a huge impact on its creative industries. Fashion brands big and small are vying for a share of a lucrative market, and fashion talent is competing for attention within the country and beyond. Legions of Chinese fashion students are graduating from universities in China and overseas institutions, such as the Parsons School of Design in New York and London’s Central Saint Martins, to join the ranks of established designers, some of them still young themselves.

Man of steel: Chinese SWAT team member beats world record for holding the exercise ‘the plank’

15 May, 2016

  • A member of a SWAT team in Beijing has broken the world record for carrying out the exercise “the plank”, according to a news website report. Mao Weidong, 45, held his body in the horizontal position for eight hours and one minute, reported.

1st Chinese student to speak at Harvard commencement

May 12, 2016

  • A student from Central China’s Hunan province will become the first Chinese student to deliver a commencement speech at Harvard University on May 26, 2016, China Youth Daily reported on Wednesday.

King Mohammed VI, Pres. Xi Jinping Sign Joint Statement on Strategic Partnership

11 May 2016

  • King Mohammed VI and President of the People’s Republic of China, H.E. Xi Jinping signed, on Wednesday at the Great Hall of the people in Beijing, a joint statement on the establishment of a strategic partnership between the two countries. The two leaders chaired the signing ceremony of several cooperation documents related to the legal, economic, financial, industrial, cultural, tourist, energy, infrastructure and consular sectors.

Malaysia, China agree to settle South China Sea issues via DOC

10 May 2016

  • Malaysia and China have agreed to settle South China Sea-related issues through the Declaration on the Conduct of Parties in the South China Sea (DOC) and to speed up the completion of the Code of Conduct in the South China Sea (COC). Malaysian Foreign Minister Datuk Seri Anifah Aman said the agreement was reached at his meeting with visiting China State Councillor Yang Jiechi after the latter called on him at Wisma Putra here today.

China to help Pakistan reduce poverty, says Chinese minister

May 8, 2016

  • Chinese Finance Minister Lou Jiwei disclosed that China will donate 100 million US dollars to the 11th replenishment of the Asian Development Fund to help low-income members of the Asian Development Bank (ADB) including Pakistan in reducing poverty. The AIIB and the ADB are already discussing projects for co-financing in the road and water sectors. The first of these projects is expected to be Pakistan’s M4 highway project, a 64 km stretch of motorway connecting Shorkot to Khanewal in Punjab province.

Taiwan’s new government accuses China of interference in its WHO status

May 8, 2016

  • The incoming Taiwanese government on Sunday accused China of “political interference” after a senior Chinese official cast doubt over the island keeping its observer status at the World Health Organisation if bilateral relations deteriorated further. China and self-ruled Taiwan underwent a rapprochement under the outgoing government which was run by China-friendly Nationalists, but ties have begun to strain with their successors, the independence-leaning Tsai Ing-wen and her Democratic Progressive Party (DPP).

China refuses to drop S China Sea claims, says pending UN tribunal decision ‘illegal’

7 May, 2016

  • China is set to be firm on its maritime rights in the South China Sea regardless of what UN tribunal will decide in the case initiated by Philippines since the arbitration decision will be “illegal”, a Chinese Foreign Ministry spokesperson said. “Those who expect that the arbitration could compel China to yield or make it an accomplished fact are doomed to be disillusioned. The arbitration is illegal and invalid whatever it will be. China will reject and will never acknowledge it,” Hong Lei noted on Friday, speaking at a regular press briefing, as cited by Reuters.

China, Italy eye strengthened cooperation


  • Wide-ranging bilateral cooperation was at the center of the seventh plenary session of the Italy-China Government Committee which was held here on Thursday in the presence of Chinese Foreign Minister Wang Yi and his Italian counterpart Paolo Gentiloni. The plenary session involved public administration representatives of both countries who gathered to seek new cooperation opportunities in agriculture, food security, science, sustainable development, tourism and many other sectors.

China, Kazakhstan sign $2 billion in deals as Xinjiang party boss visits

May 6, 2016

  • China and Kazakhstan signed $2 billion (1.38 billion pounds) in deals during a trip to the Central Asian country by the Communist Party boss of China’s far western region of Xinjiang, state media said on Friday, as China promotes its new Silk Road initiative. Restive Xinjiang, strategically located on the borders of Central Asia, Pakistan, India and Afghanistan, is a key part of what Beijing officially refers to as its “one belt, one road” strategy to develop trade and transport links across Asia and beyond.

China’s Tsinghua University listed 18 in THE World University Rankings


  • The Times Higher Education (THE) Wednesday evening published its World Reputation Rankings, with a record of nine Chinese universities making the top 100 universities’ list for the first time. One Chinese university is listed in the top 20 world universities for the first time too, with China’s Tsinghua University at 18. Just behind is Peking University, at 21. It is the first time a Chinese university has broken into the world top 20.

China, Laos pledge further cooperation


  • China and Laos on Wednesday pledged to further enhance bilateral cooperation and parliamentary exchanges. The pledge was made during separate meetings between Chinese Premier Li Keqiang and top legislator Zhang Dejiang with visiting Laotian President Bounnhang Vorachit at the Great Hall of the People.

Pakistan, China ink agreements worth $4.2b

May 4, 2016

  • Pakistan and China have signed financing agreements valued at $4.2 billion for the construction of two main road projects of the eastern alignment of the China-Pakistan Economic Corridor (CPEC), thereby removing the last obstacle in starting the construction process. The agreements were signed last week during a visit of Minister for Planning, Development and Reform Ahsan Iqbal to China, according to the ministry officials.

AU, China vow to take bilateral ties to new height


  • The African Union (AU) and China have reiterated to further strengthen cooperation in different areas towards augmented relationship between China and Africa. This came on Tuesday during a reception organized on the AU premises in Ethiopia’s capital Addis Ababa, to mark the first anniversary of the establishment of Chinese mission to the pan-African bloc.

Turkey gives nod to Bank of China to set up business -official

May 3, 2016

  • Turkey’s banking regulator has given Bank of China permission to set up operations in Turkey, a senior official told Reuters on Tuesday. Officials from the regulatory BDDK met on Monday and discussed the issue, the official said, adding that the bank is expected to start oprtations within nine months and its headquarters will be in Istanbul.

Beijing seeks loyalty from ethnic Chinese with foreign passports

May 3, 2016

  • After the disappearance last December of Hong Kong bookseller Lee Bo, Britain’s foreign secretary, Philip Hammond, asked Beijing for information on his whereabouts, pointing out that the 65-year-old was a British national. China’s foreign minister, Wang Yi, responded that Lee was “first and foremost a Chinese”. Subsequently, Lee appeared on television and said that he wanted to give up his British citizenship.

Sri Lanka, China to hold discussions on FTA

May 3, 2016

  • Sri Lanka and China will hold high level discussions in June on the possibility of signing a bilateral Free Trade Agreement (FTA), Sri Lanka’s Ministry of Industry and Commerce said in a statement on Monday. “China is a promising market for Sri Lanka’s select, premium products such as gems, and an important round of bilateral talks on Sri Lanka-China FTA is scheduled for next month,” the statement quoted Rishard Bathiudeen, minister of Industry and Commerce, as saying.

Chinese police to patrol Rome’s streets

2 May 2016

  • Chinese police are joining Italian officers on the streets of Rome and Milan in an experiment aimed at helping tourists from China feel safe, Italy’s interior ministry has announced. The experiment is the first of its kind in Europe, China’s ambassador to Italy, Li Ruiyu, said at a meeting to announce the project, according to a statement from the Italian ministry. The four Chinese officers, who were trained by Italians in Beijing, will wear the same uniforms they wear at home so their compatriots can recognise them easily.

Debt-ridden Sri Lanka snuggles up to China again at India’s expense

Apr 30, 2016

  • India was looking to sign an Economic and Technology Cooperation Agreement (ETCA) with Sri Lanka, which the two countries decided to negotiate after Lanka backed out of CEPA, but the proposal has run into resistance from the Rajapaksa-led Joint Opposition. China has managed to not just revive its flagship $1.4 billion Colombo Port City project, but it is now also engaged in expansion of major infrastructure projects it built in the past and which were seen as impracticable until recently.

KL deports 32 Taiwanese fraud suspects to China

May 1, 2016

  • Malaysia has deported 32 Taiwanese fraud suspects to China, leaving the island’s government furious once more in the latest bout of cross-strait diplomatic sparring. It comes after Taipei accused Beijing of “abducting” its citizens from Kenya earlier this month. The deportations are seen by observers as a shot across the bows of Beijing-sceptic Tsai Ing-wen, who will be inaugurated as Taiwan’s president on May 20.

Chinese companies help in disaster relief after Ecuador’s earthquake


  • Chinese companies in Ecuador have actively engaged themselves in disaster relief operations immediately following the deadly earthquake in Equador, which struck the country’s coastal regions on April 16 and left 659 people dead and over 4,000 injured. The Chinese rescue team arrived in the coastal provinces of Manabi and Esmeraldas just a few hours after the quake. Construction company CAMC Engineering dispatched its employees to help find survivors in Manabi’s capital Portoviejo and build a hospital there, according to the company’s director in Ecuador, Yang Liang.

Estonia, China sign accord on cinematographic cooperation


  • “The Chinese film industry needs European filming locations. Estonia has internationally renowned film professionals, we have state-of-the-art post-production facilities. All this Estonia can offer to its Chinese partners,” the Estonian minister said, adding that the agreement also makes it simpler to screen the films of both countries at film festivals in the other country.

Xi proposes to build security governance model with Asian features


  • Chinese President Xi Jinping on Thursday proposed to Asian nations that they all explore a new approach to regional security cooperation, one that reflects Asian needs. Xi made the proposal when addressing the opening ceremony of the fifth Foreign Ministers’ Meeting of the Conference on Interaction and Confidence Building Measures in Asia (CICA). The CICA was established in 1992 as a forum for dialogue and consultation on security issues in Asia. It has 26 member countries and 12 countries and international organizations as observers.

China denies U.S. aircraft carrier Hong Kong port visit

April 29, 2016

  • China has denied a U.S. aircraft carrier entry into a Hong Kong port, according to Pentagon spokesman Cmdr. Bill Urban. “We were recently informed that a request for a port visit by a U.S. carrier strike group, including the USS John C. Stennis and accompanying vessels, to Hong Kong was denied,” he said. “We have a long track record of successful port visits to Hong Kong, including with the current visit of the (command ship) USS Blue Ridge, and we expect that will continue.”

China and Turkey vow greater anti-terrorism cooperation

27 Apr 2016

  • Turkey will not allow its soil to be used for activities that damage China’s security, the two countries’ foreign ministers agreed on Wednesday, following recent disputes over China’s Muslim Uighur ethnic minority that had soured ties. Hundreds, possibly thousands, of Uighurs keen to escape unrest in China’s western Xinjiang region have travelled clandestinely via Southeast Asia to Turkey, where many see themselves as sharing religious and cultural ties.

China, Mexico to strengthen cooperation on water resources


  • Chinese and Mexican authorities met on Monday to discuss the renewal of a memorandum of understanding, signed in 2011, to strengthen cooperation on the management of water resources, a Mexican commission announced Monday. The agreement covers the exchange and cooperation on irrigation technology, water supply in rural regions, the sustainable exploitation of aquifers, the reuse of residual water, and the prevention and mitigation of disasters, such as floods and droughts.

China, Indonesia to further pragmatic cooperation


  • China and Indonesia on Tuesday held the fifth deputy prime ministerial bilateral dialogue mechanism meeting, vowing to further pragmatic cooperation. Chinese State Councilor Yang Jiechi and Luhut Panjaitan, the visiting Indonesian Coordinating Minister for Political, Law and Security Affairs, co-chaired the meeting in Beijing. China-Indonesia ties have seen sound development and the two countries have maintained frequent high-level visits, while expanding cooperation in various fields, Yang said, noting that the two sides communicate closely and support each other in international affairs.

China’s Huawei to empower 1000 Nigerian youths: official


  • Huawei Technologies, China’s leading global Information and Communication Technology solution provider and the government of Nigeria has developed a partnership to initiate a social development program that would empower 1000 youths in information and communications technology (ICT), an official said on Sunday. Special Assistant to the President on Youth and Student Affairs, Nasir Adhama, who disclosed this in a statement made available to Xinhua in Lagos, said this was part of the government’s efforts addressing the issue of unemployment in the country.

Beijing, four ASEAN nations reach ‘consensus’ that South China Sea shouldn’t affect ties

Apr 24, 2016

  • China has reached an agreement with Brunei, Cambodia and Laos that the South China Sea dispute “should not affect relations” with the Association of Southeast Asian Nations (ASEAN), Chinese Foreign Minister Wang Yi said Saturday. Wang was quoted as telling a news conference in the Lao capital of Vientiane that the four countries had reached a “consensus” on the South China Sea issue.

China Sets Eyes on Northwest Passage as a New Shipping Route

Apr 22, 2016

  • As the world continues to warm up due to climate change, China is mulling on taking advantage of the situation to shorten maritime journeys from China to the U.S. East Coast, The Guardian reported. The so-called Northwest Passage, which runs from the Pacific to the Atlantic, can reshape global trade flows as more Arctic ice melts. It has long been a fabled route among European explorers as early as the 19th century.

Rich Chinese Resist Lure of Australian Residency

April 21, 2016

  • Revamped investor-visa program’s venture-capital requirements seem to have scared off the target market SYDNEY—An Australian program to let foreigners effectively buy permanent residency has stumbled on a problem: Rich Chinese are proving reluctant venture capitalists.

S. Korea, China agree to intensify efforts to maximize FTA effect


  • South Korea and China agreed to step up efforts to maximize the effect of their bilateral free trade agreement (FTA) and smoothly implement a series of joint economic projects, Seoul’s Foreign Ministry said Wednesday. The agreement was reached at their annual joint economic committee session held in Seoul. The meeting was led by Second Vice Foreign Minister Cho Tae-yul and Chinese Vice Commerce Minister Gao Yan.

China crucial to successful cooperation in Mekong Sub-region: UNODC official


  • China has been cooperating with Cambodia, Lao, Myanmar, Thailand, Vietnam and United Nation Office on Drugs and Crime (UNODC) effectively for many years under what is known as the Mekong MOU on drug control, an official from United Nation Office on Drugs and Crime (UNODC) has said. Prior to the UN General Assembly Special Session on Drugs (UNGASS) to be launched in New York on April 19, Jeremy Douglas, UNODC regional representative for Southeast Asia and the Pacific, praised the development of the Great Mekong Sub-region (GMS) Memorandum of Understanding on Drug Control.

Australians to teach Chinese farmers how to grow popular variety of apples

Apr 19,2016

  • MELBOURNE, April 19 (Xinhua) — An Australian company has given permission for Chinese fruit farmers to grow Pink Lady apples, a popular fruit in Australia. Under the landmark agreement, an organization in the state of Tasmania has agreed to share the secret cultivation method to grow its distinctive “Ruby Pink” apples with China.

China, New Zealand pledge to promote FTA upgrades


  • BEIJING, April 18 (Xinhua) — China and New Zealand pledged to further expand the bilateral trade and promote the negotiation on upgrading their free trade agreement (FTA) on Monday. The pledge came out of the meeting between Chinese Premier Li Keqiang and his New Zealand counterpart John Key, who is on his sixth China visit from April 17-22. China is ready to work with New Zealand to give full play to the FTA and create conditions for an early start of upgrading negotiation, Li said.

China, Denmark pledge to further cooperation, lift ties to new high


  • China and Denmark have agreed to strengthen bilateral cooperation and elevate their relations to a new high. Visiting Chinese State Councilor Yang Jiechi on Sunday held talks with Queen Margrethe II of Denmark and Danish Prime Minister Lars Loekke Rasmussen, separately. Queen Margrethe II said her state visit to China two years ago still dwells in her memory, and the fruitful result from the visit has promoted the good relations between the two countries.

Food and wine sectors join forces to ‘wow’ Chinese consumers

APRIL 17, 2016

  • Dairy Australia, Meat and Livestock Australia (MLA) and Wine Australia joined forces to promote Australia’s strengths across food and agriculture as part of Australia Week in China. The three national agricultural bodies painted a consistent, modern picture of Australian fine food and wine during the Australia Week promotion. They are keen to work closely together in targeting Australia’s largest market for food and agricultural exports.

Chinese-built Ethiopian education and research network inaugurated


  • The Ethiopian Education and Research Network (EthERNet), built by the Chinese telecom service provider, ZTE, was inaugurated on Friday in Ethiopia’s capital Addis Ababa. The project, which took three years with an investment of 50 million U.S. dollars, connects 36 public universities in the East African country for exchange of information and educational activities.

China Points Finger Back at US Over Human Rights


  • China says human rights in the United States have worsened due to police brutality, rampant gun violence and the corrupting influence of money in politics. Beijing made the allegations Thursday in an annual report issued by the State Council in response to the U.S. State Department’s release of its annual report of human rights violations in China and other countries around the world the day before.

China helps Pakistan in poverty alleviation

April 12, 2016

  • The Chinese government’s help to farmers in Pakistan’s rural areas has raised the prospects of a better life for many poverty-stricken people. Ghulam Sarwar, a 41-year-old farmer from the Tando Allahyar district of Southern Sindh, was a fairly well-off farmer with three acres of land (1.214 hectares) until 2009 when the “bunchy top virus” devastated his banana fields and made it hard for him to feed his own family.

Russia, China, Finland, Norway, South Korea to discuss use of Northern Sea Route

April 12, 8:27

  • MURMANSK, April 12. /TASS/. Diplomats and top executives of large corporations from Russia, China, Finland, Norway, and South Korea gather in Murmansk on Tuesday to discuss the prospects for developing and using the Northern Sea Route, a shipping lane from stretching across the waters of Arctic seas between the Kara Sea and the Bering Strait and providing a maritime haulage route between Europe and Asia along Russia’s Arctic coast.

Australia to send biggest-ever business delegation to China

April 8, 2016

  • CANBERRA, Australia (AP) — Australia’s prime minister will lead the country’s biggest-ever business delegation to China next week. About 1,000 business leaders will accompany Malcolm Turnbull on his first visit to China since he became prime minister in September, his office said Friday.

Greece sells country’s largest port to China

April 9, 2016

  • China has described a deal to sell Greece’s biggest port to Chinese shipping group COSCO as a “win-win” for both countries. Under the deal between Greece’s privatization fund HRADF and China COSCO Shipping Corporation, the Chinese investors will pay 280.5 million euros($319.79 million) to HRADF for the initial acquisition of a 51 per cent stake, while it will pay another 88 million euros within five years for the remaining 16 per cent, provided it has implemented the agreed investments in the port.

China, Malaysia tout new ‘port alliance’ to reduce customs bottlenecks and boost trade

09 April, 2016

  • China’s 21st century Maritime Silk Road is just one element in Beijing’s drive to spread its trade ties and influence globally and Malaysia has become a major partner in this expansion. As part of this Silk Road reboot, the two countries are forming a “port alliance” to fast-track trade by reducing customs bottlenecks at both ends, according to China’s top envoy to Malaysia, Huang Huikang.

Air forces of China, Pakistan launch joint training exercise

Apr 9, 2016

  • China’s air force on Saturday began joint training exercises with that of Pakistan, China’s defense ministry said, as the two nations’ militaries strengthen operational ties. The countries call each other “all-weather friends”, with ties underpinned by long-standing wariness of their common neighbor, India, and a desire to hedge against U.S. influence in Asia.

Sri Lanka requests equity swap for some of its $8 billion China debt

Apr 9, 2016

  • Sri Lanka has asked China to swap some of the $8 billion it owes Beijing for equity in infrastructure projects and offered to sell stakes in its companies to Chinese ones, Colombo officials said on Saturday. The ouster of President Mahinda Rajapaksa, who steered Sri Lanka toward China until his 2015 election defeat, was a setback for relations as his successor has reviewed projects to check if they were fair and legal.

China, Thailand sign MOU for cooperation in polar science


  • China and Thailand signed a memorandum of understanding for cooperation in polar science research on Wednesday, the State Oceanic Administration of China said. The MOU was signed between Polar Research Institute of China and Thailand National Science and Technology Development Agency, Chulalongkorn University, Purapha University, National Institute of Development Administration, National Astronomical Research Institute of Thailand.

China, Switzerland forge innovative strategic partnership


  • China and Switzerland will establish an innovative strategic partnership to promote common development and prosperity, a joint statement issued on Friday said. The statement was released after the talks between Chinese President Xi Jinping and Swiss President Johann Schneider-Ammann, who is paying a state visit to China from Thursday to Saturday. During the talks, Xi said Switzerland is one of the earliest Western countries establishing diplomatic ties with New China, praising the sound development of China-Switzerland relations in recent years.

Cooperation between Georgian and Chinese Museums

07 April 2016

  • The aim of the Memorandum of Understanding, which was signed between the Georgian National Museum and the Chinese Palace Museum on April 1, is the care and preservation of a unique collection of Chinese culture housed in one of the networks of the Georgian National Museum (GNM). The initiative belonged to the Chinese side, although the Memorandum is also expected to bring many benefits for Georgia.

China, Southeast Asian countries to improve anti-terror cooperation


  • hina and Southeast Asian countries decided to improve their cooperation in security and anti-terrorism during a meeting in Beijing on Thursday. The two sides will take action to improve multilateral and bilateral cooperation against terrorism, said senior Chinese official Meng Jianzhu.

China’s Xinjiang seals Pakistan ties with $2 billion in deals

Apr 7, 2016

  • Companies from China’s violence-prone far western region of Xinjiang signed deals worth about $2 billion with Pakistan this week during a visit to Pakistan by Xinjiang’s top official, who sought to cement ties with an important security partner. Pakistan last year agreed energy and infrastructure projects worth $46 billion with China to set up a so-called China-Pakistan Economic Corridor, in a boost to Pakistan’s crumbling infrastructure and energy sector.

China restricts trade with North Korea over nuclear tests

Apr. 5, 2016

  • China has banned most imports of North Korean coal and iron ore, the country’s main exports, in a significant increase in pressure on the North under U.N. sanctions against its nuclear and missile tests. China buys an estimated two-thirds of impoverished North Korea’s exports, making Beijing’s cooperation essential for trade penalties approved by the U.N. Security Council last month to succeed.

Cao Wenxuan: Chinese author wins top children’s literature prize

5 April 2016

  • Beijing-based author Cao Wenxuan has become the first Chinese author to win the Hans Christian Andersen award for children’s literature. The award is considered the top prize in the field. It is sometimes called the Little Nobel Prize for Literature. The jury said Cao was a unanimous choice for the writing prize, because he “writes beautifully about the complex lives of children facing great challenges”.

Kenya to construct 55MW solar plant with Chinese government funding

Apr 04, 2016

  • Kenya’s Rural Electrification Authority (REA) has approved the construction of a 55MW solar power plant in the East Kenyan County of Garissa, requiring an investment of KES12.8 million (US$126 million). The solar farm will be financed through concessional funding from the Government of China. The REA, a body created in order to accelerate the pace of rural electrification in Kenya, will install roughly 210,200 solar panels of 260W capacity each. The project will be able to power the equivalent of 625,000 homes.

China Courts Myanmar: A ‘Strategic Asset’ In Beijing’s Indian Ocean Connectivity – Analysis

April 3, 2016

  • China, of late, has been pitching to increase its influence in the Indian Ocean Region (IOR) through Myanmar. As an emerging maritime power in the Indo-Pacific, China is seeking a legitimate presence in the IOR. However, it faces connectivity dilemma in its approach to the India Ocean, as without a direct connectivity to the IOR, Beijing will not be able to exert its influence in the region. With the new democratic government coming to power in Myanmar under Htin Kyaw of National League for Democracy’s (NLD) which got thumping majority in the general elections held in November 2015, China wants to ensure that Myanamr becomes an important strategic partner for China in the 21st Century Maritime Silk Road strategy.

Turkmenistan Shows Off New Chinese Rockets

April 2, 2016

  • Turkmenistan showed off its newly acquired Chinese air defense systems during military exercises, confirming for the first time that the country has gotten some significant weaponry from Beijing. Last year, sketchy media reports suggested that Turkmenistan (and Uzbekistan) had acquired Chinese HQ-9 air defense systems, potentially marking the entrance of China into the Central Asia military market hitherto dominated by Russia.

Pakistan, China working to build interconnection power grid: Secy

April 01, 2016

  • The Ministry of Water and Power and State Grid Corporation of China are working closely to build an interconnection power grid between Pakistan and China so that both the countries could tap each other’s energy potential, said Secretary, Ministry of Water and Power Muhammad Younus Dagha in Beijing on Thursday.Speaking at the Global Energy Interconnection Conference, the secretary said once the grid was completed, Pakistan would be able to meet its energy demands as per its requirements.“It will also benefit China since it will get an access to clean energy of Pakistan, especially hydroelectricity on the Indus River cascade,” he added.Dagha said that Pakistan was well poised to become the energy corridor of the region by facilitating the exchange and use of clean energy available in the region.He said that Pakistan could play an active role in the global energy interconnection.

Sri Lanka looks forward to signing FTA with China next month

March 30, 2016

  • The Minister of Industry and Commerce Rishad Bathiudeen said that a high level delegation will be visiting China next week to sign the agreement. “China-Sri Lanka relations are historic and long standing. Silk route connectivity is only one part of this long history. China is one of the biggest product suppliers to Sri Lanka as well. Of Sri Lanka’s $4 Bn total trade China in 2015, $3.7 Bn were imports from China. President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe are very keen on the FTA,” he said.

Canada having more free-trade dialogue with China: minister

Mar 30, 2016

  • Dialogue with China about a free-trade agreement has increased since Canada’s new Liberal government took office late last year, Canada’s international trade minister said on Wednesday. Chrystia Freeland made the comment in an interview after an event in Toronto where Xue Bing, China’s consul general in Toronto, said Canada and China should start negotiations on a bilateral free-trade agreement as soon as possible.

China, Czech Republic set up strategic partnership


  • PRAGUE, March 29 (Xinhua) — China and the Czech Republic on Tuesday agreed to elevate their ties to a strategic partnership during Chinese President Xi Jinping’s first state visit to the country, as the two nations inked a host of intergovernmental agreements to promote ties in various areas. The agreement came after Xi held talks with his Czech counterpart Milos Zeman at the Prague Castle, the seat of the Presidential Office of the Czech Republic.

Chinese engagement in African agriculture is not what it seems


  • In December 2015, Chinese President Xi Jinping flew into South Africa for the Forum on China-Africa Co-operation with great fanfare. There were lots of announcements about prospective investments across Africa. Agriculture featured prominently. But what is the real story of China in Africa on the ground, beyond the hype? As Deborah Brautigam’s investigative research has so effectively shown, the assumptions about China’s role in Africa are often not borne out in reality. The level of investment and linked aid flows are much lower than the high numbers sometimes touted; the numbers of imported Chinese workers are much lower than often suggested; the areas of land “grabbed” for investment are small compared to the vast areas identified by some.

China, Kenya agree to push forward pragmatic cooperation


  • China and Kenya agreed to push forward bilateral pragmatic cooperation, as top Chinese legislator visited the East African country from Wednesday to Saturday. During the official goodwill visit, Zhang Dejiang, Chairman of the Standing Committee of China’s National People’s Congress (NPC), held meetings with Kenyan President Uhuru Kenyatta and parliament speakers in the capital city of Nairobi, and inspected China-Kenya cooperation projects in the coastal city of Mombasa.

An Array of Chinese Weapons Displayed in Pakistan Parade

March 24, 2016

  • Pakistan has displayed Chinese or jointly produced military equipment and weaponry during the National Day parade on March 23 in Islamabad. The military warplanes included five types of China-made fixed wing aircraft, J-7PG and J-7P developed by China independently and JF-17 Thunder, jointly developed by Chengdu Aircraft Corporation and Pakistan Aeronautical Complex, Chinamil reported Thursday.

Sri Lanka seeks USD1bn currency swap with China: Prime Minister

March 23, 2016

  • Mar 23, 2016 (LBO) – Sri Lanka is currently looking at one billion US dollars worth currency swap agreement with China, Prime Minister Ranil Wickremesinghe told Parliament Wednesday. “We have several issues with regard to the foreign exchange reserves. We already have a swap with India and now we are going to have another one billion swap with Chinese Central Bank,” Wickremesinghe said.

Chinese companies unveil $14b Scottish investment


  • China’s involvement in Scotland’s infrastructure projects will help improve its ground commuting system and is expected to spur local employment, industry experts said on Tuesday. Scotland signed a memorandum of understanding on Monday with Chinese investment group SinoFortone Group and China Railway No 3 Engineering Group, the largest construction company in the world, to bring about infrastructure projects with a potential value of 10 billion pounds ($14.3 billion).

China leaves little doubt who is master of the Mekong

March 23, 2016

  • CHINA IS demonstrating that it has real power to control and manage the Mekong River, as Beijing launches a diplomatic campaign to engage with affected countries downstream. This situation has become clear after China’s contacts with the other five countries along the river – Myanmar, Laos, Thailand, Cambodia and Vietnam. Physically, about half the nearly 5,000-kilometre length of the Mekong is under Chinese sovereignty, flowing through three provinces in China before continuing southward to the delta in southern Vietnam.

Govt targets 30 percent increase in Chinese investment

March 22 2016

  • The government aims to grab as much as US$30.07 billion of direct investment commitments from China this year, an increase of over 30 percent from 2015, as it aggressively approaches potential investors from the Asian powerhouse. Investment Coordinating Board (BKPM) chief Franky Sibarani said on Monday that Chinese direct investment to the country had been on the rise and that his office aimed to net a lot more in years ahead.

China can be ‘climate change hero’, Leonardo DiCaprio says

March 20, 2016

  • Leonardo DiCaprio praised China’s work to combat climate change on a trip to Beijing on Sunday, and said he believes the world’s largest emitter of greenhouse gases could be “the hero of the environmental movement.” The actor and environmentalist, who called for action to combat climate change during his Oscar acceptance speech last month, praised China’s shift toward renewable forms of energy to lower carbon emissions.

Led by China, Mekong nations take on Golden Triangle narco-empire

March 19 2016

  • The Lao People’s Army patrol boat was custom-made in China with night-vision capability and two of the most powerful engines on this remote stretch of the Mekong River. Today, like most days, it sits idle for lack of gasoline, guarded by a single Laotian soldier in flip-flops. Even occasional patrols by boats like these, supplied by China to the Laotian army and Myanmar police, have successfully subdued the pirates who once robbed the Mekong’s cargo ships with impunity since Chinese-led joint patrols began in 2011. But there has been little progress on another objective – stemming the flood of illicit drugs – exposing the limits of China’s hard power in mainland Southeast Asia even as Beijing accelerates its militarisation of disputed islands in the South China Sea.

Uzbekistan, China boosting co-op within SCO

17 March 2016

  • The Uzbek Foreign Minister Abdulaziz Kamilov, who is on a working trip in China, and his Chinese counterpart Wang Yi met to mull topical issues of the Uzbek-Chinese relations, including the state and prospects of cooperation within the Shanghai Cooperation Organization (SCO). During the meeting, the Chinese FM praised Uzbekistan’s presidency at the SCO, said the Uzbek Foreign Ministry in a message issued March 17.

Russia, China and Mongolia to Revive World’s Longest Tourist Route


  • “The Great Tea Road” has been called the longest overland trade route in the world. Starting from the Great Wall of China, it once wove its way to Europe via Mongolia and Russia. Now the three countries Russia, China and Mongolia have joined hands in a tourism union, aiming to revive the route to make it a great bucket list must-do for global travelers.

With Gambia move, China ends diplomatic truce with Taiwan

Mar 17, 2016

  • China resumed ties with former Taiwan ally Gambia on Thursday, ending an unofficial diplomatic truce between China and Taiwan following January’s landslide election of the leader of a pro-independence party as the self-ruled island’s president. The small West African state was one of a few African countries, along with Burkina Faso, Swaziland and São Tomé and Príncipe, to recognize Taiwan, which China regards as a wayward province to be recovered by force if necessary.

China’s Troops in Pakistan May Be an Attempt to Bypass US at Sea


  • Over the weekend, Indian media reported sighting Chinese troops in an area of the disputed Kashmir region administered by Pakistan along a crucial road-rail corridor. Experts say that the reports, if true, are an indication of China’s intention to back its economic interests by military power, and its goal to bypass US naval power on the high seas.

China calls for FBI cooperation in internet security, counter-terrorism

Mar 15, 2016

  • China wants to have deeper internet security, anti-terrorism and corruption cooperation with the United States, Chinese security officials told the visiting director of the FBI, state news agency Xinhua said. Meeting in Beijing, Public Security Minister Guo Shengkun, told James B. Comey that China was willing to enhance strategic mutual trust and the respect of each others core interests, Xinhua said late on Monday.

Namibian president hails cooperation with China


  • Namibian President Hage Geingob has hailed cooperation with China. Cooperation between Namibia and China has made huge strides in areas as diverse as education, health, agriculture, trade, investment, and technology transfer, said the president while receiving a courtesy call from outgoing Chinese Ambassador to Namibia Xin Shunkang on Monday.

India Rejects Joint Naval Patrols with US in South China Sea

March 11, 2016

  • India has ruled out participating in joint patrols in the South China Sea proposed by the United States. Experts say that India wants to focus on containing Chinese influence in the Indian Ocean and despite a growing strategic partnership, it remains wary of being part of a military alliance with Washington. The proposal that the navies of Japan, Australia and India could join the U.S. in preserving freedom of navigation in the contested waters of South China Sea was voiced recently by chief of the U.S. Pacific Command, Admiral Harry B. Harris. But within days, Indian Defense Minister Manohar Parrikar said, “As of now, India has never taken part in any joint patrol; we only do joint exercises. The question of joint patrol does not arise.”

China blasts U.S. ‘rape and murder’ at U.N. Human Rights Council

Mar 10, 2016

  • China strongly rejected U.S.-led criticism of its human rights record at the U.N. Human Rights Council on Thursday, saying the United States was hypocritical and guilty of crimes including the rape and murder of civilians. “The U.S. is notorious for prison abuse at Guantanamo prison, its gun violence is rampant, racism is its deep-rooted malaise,” Chinese diplomat Fu Cong told the Council, using unusually blunt language. “The United States conducts large-scale extra-territorial eavesdropping, uses drones to attack other countries’ innocent civilians, its troops on foreign soil commit rape and murder of local people. It conducts kidnapping overseas and uses black prisons.”

China Will Build an Extensive Port City in Sri Lanka’s Capital

March 10, 2016

  • Some see the huge development as part of a plan by Beijing to boost China’s influence in the Indian Ocean China will go ahead with its plans to build a massive port facility in the Sri Lankan capital of Colombo, despite earlier political hurdles stemming from environmental concerns. The $1.4 billion proposal, announced by Chinese President Xi Jinping in September 2014 but later suspended by Sri Lankan President Maithripala Sirisena, will amount to a city within a city planted along Colombo’s main harbor, Agence France-Presse reported. It will include housing facilities, a Formula One racetrack, and a marina, collectively adding 575 acres of new real estate to the city.

Cambodian PM reiterates support for China-initiated AIIB, Silk Road Fund


  • Cambodian Prime Minister Hun Sen on Monday reiterated the country’s support for the China-initiated Asian Infrastructure Investment Bank (AIIB) and Silk Road Fund, saying that they are key sources of capital for infrastructure development. “We particularly welcome the recent establishment of the AIIB, initiated by China but now involving a strong international partnership of multilateral and bilateral agencies,” he said in a speech at the opening ceremony of the 2016 Cambodia Outlook Conference here. “Cambodia, as a founding member, will greatly benefit from this bank in terms of infrastructure investment needs,” the premier said.

China halts cash flow to North Korea – media

4 Mar, 2016

  • The four largest Chinese banks have stopped yuan and dollar cash transfers to North Korea, reports the Japanese newspaper Tokyo Shimbun. The reported measure is part of rising international pressure on Pyongyang following its latest nuclear test and rocket launch earlier this year.

U.S., backed by China, proposes tough N.Korea sanctions at U.N.

Feb 26, 2016

  • The United States presented a draft Security Council resolution on Thursday it negotiated with China that would dramatically tighten existing restrictions on North Korea after its Jan. 6 nuclear test and create the toughest U.N. sanctions regime in over two decades. The draft, seen by Reuters, would require U.N. member states to conduct mandatory inspections of all cargo passing through their territory to or from North Korea to look for illicit goods. Previously states were only required to do this if they had reasonable grounds to believe there was illicit cargo.

Voice of China: Beijing seeks African friends and influence

Feb 24, 2016

  • Senegalese reporter Amadou Sarra Ba is one of hundreds of African journalists to have enjoyed all-expenses-paid trips to China courtesy of the Communist Party, as Beijing seeks to win hearts and minds among the continent’s opinion-formers. His itinerary on what was officially called a “training seminar” last year — after an earlier visit in 2012 — took in both the Great Wall and less standard attractions such as the headquarters of state outlet China Radio International (CRI). He was given plenty of books and audiovisual materials touting “the autonomy of certain provinces” and the “multiparty democracy” of the one-party state, he said.

Debunking the Myths of Chinese Investment in Africa

February 21, 2016

  • China’s overseas investment has long worried Western observers. From the constant updates on the soon-to-be operational Asian Infrastructure Investment Bank (AIIB), to the rather more nebulous One Belt One Road initiative, China’s trade and economic influence is spreading on multiple fronts. This has fed into broader anxieties in the West, who feel that important allies and opportunities are slipping into the orbit of a regime that does not play by Western rules. Chinese investment in Africa is perhaps one of the most pertinent examples of these fears.

EU loses WTO case, China could seek trade sanctions

Jan 19, 2016

  • China could demand trade sanctions against the European Union after winning an appeal on Monday in a dispute at the World Trade Organization over EU tariffs imposed on Chinese imports of screws, nuts and bolts made of iron or steel. China has never before asked the WTO to impose trade sanctions since it joined the organization in 2001, but the end of the seven-year battle leaves the way open to a claim for compensation. “The measures have negative effect on exports from China around $1 billion and more than 100,000 jobs from thousands of fastener producers in China,” China’s Ministry of Commerce said in a statement.

Chinese smartphones make inroads into S. Korea


  • The Huawei Y6, which made its debut in the South Korean market through LG Uplus in mid-December, saw its sales reach 20,000 units this week. The performance of the Y6 smartphone is considered significant as the market did not react this way when Huawei first debuted on the South Korean market at end-2014 with the X3 smartphone. Huawei is not the only Chinese smartphone maker that is trying to break into South Korea, home to global market leader Samsung Electronics. Huawai’s archrival Xiaomi is poised to make its official debut in the South Korean market soon.

China open to historic free-trade deal with Canada under certain provisos

Jan. 14, 2016

  • China wants to forge a historic free-trade deal with Canada, but a senior Chinese official said this will require Canadian concessions on investment restrictions and a commitment to build an energy pipeline to the coast. China sent its Vice-Minister of Financial and Economic Affairs to Ottawa this week for discussions with senior bureaucrats about the prospect of negotiating its first free-trade deal with any North American country. The visit comes months before the Prime Minister is expected to lead a trade mission to China and India, with a particular focus on opening wide-ranging free-trade talks with Beijing.

Trudeau sets sights on free-trade deal with China

Jan. 05, 2016

  • Prime Minister Justin Trudeau intends to play an activist role in promoting Canadian business and investment with a major trade mission to China and India and a keynote address to the World Economic Forum in Switzerland. It’s all part of a carefully laid-out economic strategy aimed at seeking new trade arrangements in a slumping global economy, with the long-range goal of achieving a pivotal free-trade deal with China. Mr. Trudeau will first travel to Davos, Switzerland, to speak to the annual gathering of world leaders and wealthy executives on Jan. 21 at a special session entitled “A New Chapter for Canada.”

Chinese Developers Build in America, but Look for Buyers at Home

Dec. 29, 2015

  • SHANGHAI—In a low-slung building near an artsy riverfront area known as West Bund district, a group of more than 10 families gathered on Thanksgiving Day for a tutorial about the American holiday, complete with a golden-brown roasted turkey.

China’s Letv Set to Debut in Indian Market on January 5

25 December 2015

  • Chinese Internet company Letv will be debuting in the Indian market on January 5. The company has started to send out media invites, hinting at its intentions to launch a smartphone in the country soon. Founded in 2004, Letv has grown into a conglomerate over the years. It offers live streaming, cloud, e-commerce, and smart TVs among other products and services. Earlier this year, the company entered the smartphone space as well, with the launch of three large-screened handsets – Le 1, Le 1 Pro, and the Le Max.

Australia’s long-awaited free trade deal with China finally comes into force

December 20, 2015

  • For dairy farmer Aaron Thomas and his wife Vanessa the weekend marked the dawn of a potentially bright new future as the long-awaited China-Australia Free Trade Agreement finally came into force. More than a decade in the making, the deal is expected to deliver immediate benefits to exporters across the country. From now, more than 85 per cent of Australia’s goods exported to China – worth about $86 million last year – will enter duty free. That will rise to 96 per cent when the FTA is fully implemented.

China most scrutinised country under US panel investigating deals

Feb 20, 2016

  • China led the countries whose planned US acquisitions and investments for 2014 were probed for US security implications, making it the most scrutinised country by US regulators, according to a government report released on Friday. The Committee on Foreign Investment in the United States (CFIUS), an interagency panel that reviews deals from a national security perspective, said in its annual report that it investigated 51 of all 147 international deals filed with the agency in 2014.

Pakistan votes President Xi ‘Statesman of the Year 2015’

March 2, 2016

  • The historical experiences of many foreign diplomats during the years of their employment career describe China’s progress and development as a reason of the dedication and the hard work of the country’s leadership and the leaders’ farsighted prudence. China’s President Xi Jinping was recently paid tribute during the launch ceremony of a special report accenting his policies for regional peace and prosperity. The 100-page Special Report prepared by the Pakistan Observer news group asserted President Xi Jinping as Statesman of the Year for 2015. The report highlights the leader’s contributions to global peace and development. His resounding foreign policy has significantly created the highest reputation for China in the international arena.

PHilippines will not fight China – Aquino

February 17, 2016

  • “Let me make it clear: We have zero ambitions in terms of arming ourselves with our own weapons of mass destruction, we have no plans of trying to come up with some sort of deterrents against the military might of that superpower. In other words, in the classic argument of guns versus butter, we would rather spend our limited resources on the butter side of that equation,” he said.

India and China conducts first joint tactical exercise in Ladakh

February 7, 2016

  • The first joint tactical exercise between border troops of India and China was conducted on Sunday in the Chushul-Moldo area.This is a part of the ongoing initiatives being taken by both the countries to ensure greater interaction between troops stationed along the Line of Actual Control, and thereby ensure peace and tranquillity on the border. As previously agreed by both the countries, the exercise focused on actions to be coordinated to jointly tackle aspects of humanitarian aid and disaster relief. The Indian Army team of thirty personnel was led by Colonel Ritesh Chandra Singh while the Chinese delegation of an equal compliment was led by Colonel Qu Yi.

53 Countries to Grant Priority Status to Visitors from China: Foreign Ministry Official

Feb 06, 2016

  • A Chinese foreign ministry official announced on Wednesday that a total of 53 countries have agreed to grant priority status to visitors coming from China, the Global Times reported. According to Guo Shaochun, the deputy head of the foreign ministry’s consular department, holders of Chinese passports may now go to the said countries “either visa-free or will be given visas upon arrival,” the report cited.

Cameroon: 10,000 people learn Chinese, which broadens employment opportunities

06 February 2016

  • The Conficius Institute and the other Chinese training centres in Cameroon are supervising approximately 10,000 persons these days, we officially learned. The rush to learn the Chinese language, according to the management of these learning centres, is explained by the availability of opportunities in terms of employability in the country.

China, Cambodia agree to support each other on “core interests”


  • China and Cambodia agreed on Thursday to support each other on their respective “core and major interests.” The consensus was reached in Beijing during the third meeting of the China-Cambodia Inter-governmental Coordination Committee, co-chaired by Chinese State Councilor Yang Jiechi and Cambodian Deputy Prime Minister Hor Namhong. The two countries will continue high-level contacts, strengthen their strategic communication and coordination on international and regional affairs, said an official press release.

‘The world shouldn’t fear China’s rise,’ says Pope Francis

2 Feb 2016

  • The Pope has discussed China’s role on the world stage during an interview with Asia Times at the Vatican Pope Francis has said the world shouldn’t fear China’s rise to prominence as a global superpower. The Pontiff made the comments in an interview with Asia Times. “We must not fear challenges of any kind, since everyone, male and female, has within them the capacity to find ways of co-existing, of respect and mutual admiration,” the Pope told journalist Francesco Sisci at the Vatican.

Nepal raps India in veiled manner, expresses solidarity with China

January 24, 2016

  • “China has never interfered into our internal matters, and our soil never been allowed to use against interest of China,” said Nepal Deputy Prime Minister Kamal Thapa

More Chinese at helm of international organisations

Jan 16, 2016

  • A slew of Chinese officials have assumed top positions in world organisations in the past year, a trend that analysts say underscores the country’s growing influence in traditionally Western institutions. The latest is China’s Ministry of Finance (MOF) official Yang Shaolin, who was named the World Bank’s chief administrative officer and managing director this week. As director-general of the MOF’s department of international economic and financial cooperation, Mr Yang was in charge of coordination between China and global financial institutions.

UK universities aim to win Chinese hearts through their stomachs

January 14, 2016

  • Peter Williams has an uncompromising message as he describes the perception of British food among Chinese students. The land of roast beef, fish and chips and ploughman’s lunches is, quite frankly, a joke. “The UK has a bad reputation for food,” says Williams, director of the British Business Centre in Beijing. His Chinese colleagues love visiting the UK and enthuse about the experience. “But if they want to make fun of you for being British, they make fun of the food,” Williams says with a wry smile.

Two new warships join Bangladesh Navy’s fleet


  • BNS ‘Shadhinota’ and BNS ‘Prottoy’ reached Chittagong Naval Jetty on Sunday morning. Commodore AKM Faruk Hasan, director of the ships’ construction project, told reporters that China built this new type of frigate for the Bangladesh Navy. They have a displacement of 1,300 tons and maximum speed of 25 knots, are both 90 meters long and 11 meters across the beam. It can accommodate 80 crew members, Hasan said.

Indonesia turns to China as ethnic Uighurs join would-be jihadis

Jan 6, 2016

  • Indonesian authorities are working with their counterparts in China to stem a flow of ethnic Uighur militants seeking to join Islamist jihadists in the world’s most populous Muslim country, Indonesia’s counter-terrorism chief said. Saud Usman Nasution’s comments come amid mounting concern in Indonesia about possible attacks by sympathizers of the Islamic State group and follows the arrest of 13 men across the island of Java, including a Muslim Uighur with a suicide-bomb vest.

China attaches high priority to relations with Pakistan: Xi Jinping

January 06, 2016

  • Developing relations with Pakistan and other neighbors has been a highlighted priority of China’s diplomacy, said Chinese President Xi Jinping Events witnessed during the recent years reflected that Pakistan is on the top of the Chinese foreign policy’s agenda, keeping up their exemplary relations. China-Pakistan Economic corridor project is a new dimension to this effect Addressing a seminar on neighborhood diplomacy in October 2013, Xi put put forward guiding principles for neighborhood diplomacy featuring amity, sincerity, mutual benefit and inclusiveness.

S. Korea, China establish military hotline


  • South Korea and China set up a hotline between their top defense officials Thursday to reinforce their cooperation on security issues on the Korean Peninsula and in the region. Defense Minister Han Min-koo had his first telephone conversation with his Chinese counterpart Chang Wanquan earlier in the day on the newly established hotline, the Ministry of National Defense said in a press release.

China, Taiwan Establish Hotline as Ties Improve

December 30, 2015

  • China and Taiwan have officially set up a hotline that serves as an emergency tension-reducing mechanism, the latest effort to increase political dialogue between the two neighbors. The hotline became operational Wednesday, according to a spokesperson for Beijing’s Taiwan Affairs Office, who added officials from both sides have already used the direct telephone setup to speak to each other.

2015: India, China sign off most engaging year in ties

Dec 28, 2015

  • India-China relations saw high- level engagements in 2015 and the two sides look to 2016 to step up cooperation in counter-terrorism and efforts to resolve their boundary dispute as they moved towards more interactive and less confrontationist relationship.

Nepal seeks China’s support to escape energy crisis

Dec 25, 2015

  • Nepal’s foreign minister asked China on Friday for help in dealing with an energy crisis that crippled the landlocked country over the past three months and China said it would look at the request favorably. The Himalayan nation, which serves as a natural buffer between China and India, adopted its first post-monarchy constitution in September hoping this would usher in peace and stability after years of conflict. But for the last three months, protesters have blocked trucks coming in from India, leading to acute shortages of fuel and medicine. Nepal has blamed New Delhi for siding with the protesters, a charge India denies.

Three ways China is finally taking its seat at the world’s table

23 December 2015

  • Beijing was anxious to make a good impression at the recent World Internet Conference in Wuzhen, China. Attendees had luxurious accommodations in 19th-century townhouses along picturesque canals, an army of staffers catered to the delegates, who each received a free Chinese smartphone that, among others things, included software to open Facebook and Twitter. (Though both websites are banned in China.)

China to replace Japan as second-largest funder of U.N. peacekeeping

Dec 22, 2015

  • China is set to replace Japan as the second-largest financial contributor for U.N. peacekeeping operations in the next budget year, according to estimates by the United Nations. China, which currently ranks sixth by providing 6.64 percent of the U.N. peacekeeping budget, is expected to provide a 10.29 percent share in the year starting next July, behind only the United States with a projected 28.57 percent contribution.

A Climate Deal, 6 Fateful Years in the Making

DEC. 13, 2015

  • “The China announcement changed everything,” said Mr. Kerry in an interview. “It changed people’s thinking about this. Without the China announcement, you wouldn’t have 184 nations ready to come to Paris, the homework done, the table set.”

China’s Clout in Malaysia Set to Grow After 1MDB Deal

Nov. 24, 2015

  • China’s $2.3 billion deal to buy power assets from a debt-ridden Malaysian government-investment fund could give Beijing greater sway in the Southeast Asia nation and pave the way for Chinese companies to win a string of coveted infrastructure deals.

Top brass strengthens military ties with China

December 2, 2015

  • Australia and China have agreed to upgrade defence and security co-operation to tackle counter-terrorism jointly in the region, train together for peacekeeping operations and exchange senior military personnel. The enhanced military-to-military relationship was agreed at “candid and friendly” talks in Canberra this week between ­defence chiefs from both countries, Chinese government sources told The Australian last night. They revealed that Defence Minister Marise Payne would visit China next year and said the focus of that visit would be to promote further defence co-operation ­between the two nations.

US, China tout close co-ordination on climate change as global talks begin in Paris

November 30, 2015

  • PARIS – President Barack Obama on Monday touted close U.S. co-operation with China on climate change as vital to world efforts to slow global warming, even as he acknowledged persistent differences with China’s President Xi Jinping over cybersecurity and maritime security. Huddling with Xi on the sidelines of the Paris climate conference, Obama said nowhere had co-ordination with Beijing been more critical or fruitful than on climate change. He credited U.S. and Chinese leadership with leading 180 nations to make their own pledges to curb emissions in the run-up to the Paris talks. “Our leadership on this issue has been absolutely vital,” Obama said.

China, Thailand Sign Rail, Rice, and Rubber Deals

December 04, 2015

  • A day after Thailand’s transport minister Arkhom Termpittayapaisith said that Bangkok was postponing a railway deal with China, Thailand’s deputy prime ministers, Prawit Wongsuwon and Somkid Jatusripitak, said the deal would go ahead as scheduled. Sure enough, on Thursday China and Thailand held a signing ceremony for a document outlining the framework for intergovernmental cooperation on the railway project.

China, Czech Republic Pledge Closer Nuclear Power, Finance Cooperation


  • Chinese Premier Li Keqiang and his Czech counterpart Bohuslav Sobotka pledged to boost cooperation in nuclear power, finance and other sectors during talk on Friday. “China’s nuclear power technology and equipment are safe and inexpensive, which has made them competitive globally,” Li said, adding that the Chinese side is willing to participate in Czech’s nuclear power business.

GM to sell Chinese-built car in the United States for first time

December 9, 2015

  • Built in China, sold in the U.S.: It’s a first for GM and any U.S. automaker. GM said it will sell the Chinese-built Buick Envision, a crossover SUV, in the U.S. market starting next year. The UAW attacked the plan, saying it was “a slap in the face.” It said GM should reconsider its plans and instead build a version for the U.S. market at a U.S. plant.

China Pledges $60 Billion to Aid Africa’s Development

DEC. 4, 2015

  • JOHANNESBURG — China pledged $60 billion in development assistance to Africa on Friday, promising to help nations industrialize and elevate its relationship with the continent beyond one centered on the extraction of raw materials. Speaking before most of the continent’s leaders at a China-Africa summit meeting here, President Xi Jinping tripled the amount pledged at the last meeting three years ago, reassuring the audience of China’s commitment amid an economic downturn whose effects have reverberated across Africa this year.

South Korea Parliament Ratifies Free Trade Pact With China

November 30, 2015

  • South Korea’s parliament on Monday approved a free trade pact with China after opposition lawmakers secured a $1.4 billion relief package for farmers. The ratification, which comes five months after the trade pact was signed, paves way for the deal with South Korea’s largest export market to take effect this year. South Korea already has trade deals with the European Union and United States.

China, South Africa firms sign $930 million in deals ahead of Xi trip: Xinhua

Nov 28, 2015

  • Companies from China and South Africa have signed 23 deals worth $930 million ahead of a visit to South Africa by Chinese President Xi Jinping next week, China’s state news agency Xinhua reported on Saturday. The agreements were in sectors including steel, energy, pharmaceuticals, fruit, wine and textiles. They involved Sinosteel Corp, Sinochem Group, China Chengtong and 15 other Chinese firms, as well as about 50 South African companies, the report said without further details.

Asean, China sign protocol to upgrade comprehensive economic agreement framework

22 November 2015

  • Asean Economic Ministers today signed the protocol to amend the Framework Agreement on Comprehensive Economic Co-Operation between the regional grouping and China. The signing is related to the upgrading of the Asean-China Free Trade Agreement (ACFTA) and aimed at streamlining and enhancing economic cooperation, in line with changes in the trade and economic landscape. It includes amendments to the agreement on trade in goods, services, investment, economic and technical cooperation.

Funeral held in Mali for Chinese victims

Nov 26, 2015

  • A funeral was held in the capital Bamako for the three Chinese victims who died in Mali attack last week. 400 people attended the funeral, including the president of Mali, Mali and Chinese officials and other Chinese personnel.

China gives Ghana $12 million for potable water

21 November 2015

  • At least 300,000 people in six regions are to benefit from a potable water project to be financed with a $12 million grant from the People’s Republic of China. Under the project, 1,000 boreholes will be constructed in rural communities and small towns in the Brong Ahafo, Northern, Western, Eastern, Upper East and Volta regions.

The Chinese food at Secret Chopsticks isn’t cheap or fast, and that’s the point

November 24, 2015

  • Most of the Chinese food we know and love is cheap and fast. At the new Secret Chopsticks in Rosslyn, it’s neither. Executive chef Robin Li said he’s hoping his endeavor will bring some additional respect to the food of his home country. How he wants to do it: With nine-course tasting menus that range from $59 to $89 and take up to two hours to sample. (A la carte dishes are available in the lounge portion of the restaurant.) “Chinese cuisine, it’s just like French, Italian,” he said. “It has a long history.”

China, CEE Countries Eye All-round Cooperation


  • China and 16 Central and Eastern European countries have identified several priority areas for all-round cooperation in the next 5 years. The priority areas ranging from infrastructure, finance to agriculture were set out in a medium-term agenda released after the 4th China-CEE summit held in Suzhou, east China’s Jiangsu Province.

Universities to create Chinese-language academic index system


  • Several universities in Taiwan and China signed an agreement Wednesday, with the aim of establishing a system to index Chinese-language academic journals. The agreement was initiated by National Taiwan University (NTU), Chinese University of Hong Kong (CUHK), Shanghai Jiao Tong University, Peking University and Nanjing University and was signed during a meeting in Hong Kong on the issue.

India, China to exchange information on terror activities

November 22, 2015

  • The Home Ministries of India and China have agreed to be only a phone call away from each other, by deciding to establish missing telecom links, as part of a broader security engagement between the two neighbours. The bridging of the communication divide is part of a major effort, undertaken during the visit of Home Minister Rajnath Singh, to forge institutional linkages between the Ministry of Home Affairs and China’s Ministry of Public Security.

S. Korea, China seek closer people-to-people ties


  • South Korea and China sought to expand their people-to-people ties Thursday as they held their third conference on public diplomacy. The forum, established in 2013 under a summit agreement between Presidents Park Geun-hye and Xi Jinping, brought together some 200 people from both countries, representing the government, academia, civil society and the media. The forum’s three sessions are expected to focus on ways to strengthen bilateral ties through public policy sharing, increased cultural exchanges and cooperation with the media.

Najib: China-Malaysia bilateral ties at its best now

17 November 2015

  • The current bilateral relations between China and Malaysia have been described as the best in history and Beijing is according high priority in its ties with Kuala Lumpur. The sentiment is shared during a meeting between President Xi Jinping and Prime Minister Datuk Seri Najib Tun Razak here Tuesday. “Xi and I agree the state of bilateral relations is at its best based on mutual trust and friendly cooperation between the two countries as close partners,” Najib said after the 45-minute meeting.

Justin Trudeau promises closer relations between Canada and China

Nov 16, 2015

  • Justin Trudeau pledged to strengthen co-operation with China after his father’s historic engagement with the nation received a glowing tribute Monday from President Xi Jinping at the G20 summit. The Chinese leader lauded what he called the extraordinary vision of the prime minister’s father, Pierre Elliott Trudeau, for reaching out to his country and establishing formal diplomatic relations 45 years ago.

China, Australia agree to step up cooperation


  • China and Australia on Monday agreed to beef up exchanges and cooperation in various areas as leaders of the two countries met on the sidelines of the ongoing Group of Twenty (G20) summit in Turkey. Both situated in the Asia-Pacific region, China and Australia share important interests and broad space for cooperation, Chinese President Xi Jinping told Australian Prime Minister Malcolm Turnbull. “We stand ready to work with Australia, on the basis of mutual trust and benefits, to deepen friendly exchanges and practical cooperation in all fields and promote the healthy and steady development of China-Australia comprehensive strategic partnership,” Xi said.

Xi says China-Mongolia relationship at “historical best”


  • BEIJING, Nov. 10 (Xinhua) — Chinese President Xi Jinping held talks with his Mongolian counterpart Tsakhiagiin Elbegdorj on Tuesday, saying the current bilateral relationship is the “best ever” in history. “China and Mongolia are good neighbors, good friends and good partners,” Xi said during talks with Elbegdorj at the Great Hall of the People. Invited by Xi, Elbegdorj is in Beijing for a state visit to China from Monday to Wednesday.

S’pore, China ink slew of pacts to bolster bilateral ties

Nov 8, 2015

  • Putting their new pledge to build an all-round partnership into action, Singapore and China inked several crucial pacts and agreed to explore several areas of co-operation to create opportunities for their people and businesses. Prime Minister Lee Hsien Loong met visiting Chinese President Xi Jinping yesterday. Both witnessed the signing of two agreements to launch talks for the China-Singapore Free Trade Agreement (CSFTA) upgrade, and to start a new government-led project in south-western Chongqing city.

China and Australia to share Antarctic research to better forecast sea ice conditions


  • Australian and Chinese scientists have agreed to share information predicting the growth of sea ice in Antarctic waters to help researchers navigate the complex waterway. A Memorandum of Understanding has been signed in Hobart between China’s National Marine Environment Forecasting Centre and Australia’s Antarctic Climate and Ecosystems Cooperative Research Centre (ACE CRC).

India lags China in gender diversity count in MNC R&D centres: Study

31 Oct, 2015

  • NEW DELHI: A new study pegs the average gender diversity in multinational companies’ Indian R&D centres at 21%, way below China’s 30% and the global average of 31%. The study by research firm Zinnov cites marriage, maternity, and spouse’s relocation and family problems as top reasons for the high attrition among women employees. The study involved the responses of over 500 women in multinational companies in the country.

China deal ends an Indian monopoly in Nepal

October 31, 2015

  • NEW DELHI — State-owned Indian Oil Corp. (IOC) has lost its fuel monopoly in Nepal which has signed a deal with China to import petroleum products. The land-locked and fuel-starved Himalayan country at present imports all its petroleum needs from India at a cost of some $1.1 billion each year. Supplies have been badly affected by recent violent protests by Madhesi people who live in Nepal’s fertile Terai plains bordering India.

China mulls shortcut shipping route to Europe through Arctic

October 26, 2015

  • Chinese shipping experts are considering routine navigation through Arctic waters to link China and Europe in what would be a shortcut to bypass the route that passes through the Malacca Strait and Suez Canal. In October 2015, Chinese vessel Yong Sheng finished a record-setting round trip from Europe to north China by sailing through the Arctic waters of the Northeast Passage and docking at Tianjin Port.

Tokyo: Japan And China Talk Up Cross-Border Movie Cooperation

October 21, 2015

  • “We no longer need Hollywood studios to tell Asian stories and take them to the world. We Chinese and Japanese should be making them ourselves,” said Shan Dongbing, a veteran Chinese producer, now heading the Foye Film unit of leading Chinese conglomerate Fosun. “These are the world’s number two and three movie markets, we have all the investment and the intellectual property necessary to produce our own blockbusters for the global market. With these two alone we should be able to recoup our budgets and see (sales and revenues from) Europe and the U.S. as our bonus,” said Shan.

Pakistan says has eliminated Uighur militants from territory

Oct 18, 2015

  • Pakistan has eliminated all members of the Uighur militant group the East Turkestan Islamic Movement (ETIM) from its territory, but must remain vigilant to ensure they don’t return, the country’s defense minister said in Beijing on Sunday. China blames ETIM for carrying out attacks in its far western region of Xinjiang, home to the Muslim Uighur people, although many foreign experts doubt the group’s existence in a cohesive group.

China-Australia relations entering “golden age”: PM


  • SYDNEY, Oct. 10 (Xinhua) — China-Australia relations are entering a golden age thanks to China’s local expatriate community, Australian Prime Minister Malcolm Turnbull said on Saturday. “I think (China-Australia) will get deeper, and better and stronger in the years ahead,” Turnbull told the leaders dinner for Australia’s Chinese Community Association in Sydney. Turnbull said the China-Australia Free Trade Agreement (FTA) is a fundamental foundation to Australia’s future prosperity through the removal of trade barriers and the opening of markets to facilitate mutual prosperity.

Bloomberg names Xi Jinping world’s 2nd most influential figure


  • Xi Jinping, China’s president, has been named the world’s second most influential figure this year by Bloomberg, reports Duowei News, a media outlet operated by overseas Chinese. The world is waiting for Xi and the Communist Party of China to exhibit their ability to steer the world’s second largest economy through turmoil, Bloomberg said. Since mid-June, the Shanghai Composite Index has plunged from 5,000 points to 3,000, dealing a heavy blow to stock markets around the world. Slower Chinese economic growth also negatively impacted markets relying heavily on exporting bulk commodities to China.

Cambodian PM hails China for development in defense sector

07 October 2015

  • PHNOM PENH (Xinhua) — Cambodian Prime Minister Hun Sen on Tuesday praised China for its strong development in science, technology and industry for national defense, a senior official said. The prime minister expressed his appreciation during a meeting with Xu Dazhe, director of China’s State Administration for Science, Technology and Industry for National Defense, at the Peace Palace in the Cambodian capital of Phnom Penh, Eang Sophalleth, an aide to Hun Sen, told reporters after the meeting.

Best Universities In The World 2016: United States Tops List Of Global Schools Over China, UK

October 06 2015

  • U.S. News & World Report released its 2016 Best Global Universities rankings Tuesday, and the United States again dominated. About 180 American institutions made the list of 750 schools analyzed by the media company famous for its best colleges lists. Harvard University was named the best university in the world, followed by the Massachusetts Institute of Technology, the University of California, Berkeley; Stanford University and Britain’s University of Oxford. But China and Britain did improve their stature from last year’s rankings, if only because U.S. News & World Report included 250 more schools this time around. Last year, 42 of the top 500 were in Germany, followed by Britain with 38 and China at 27. This time around, China took second place with 57 universities in the top 750. Britain had 55 and Germany had 50.

Rise in non-Chinese learning Mandarin in Brunei

Oct 5, 2015

  • MORE non-Chinese are learning Mandarin in Brunei, said a Chinese language educator of 40 years. Sim Jeng Siang, who is teaching at Seri Mulia Sarjana School, said Chinese education should not be restricted to people of Chinese ethnicity as it can be used to promote cultural exchanges.

China sends Europe coveted new exports: Jobs, investment

October 1, 2015

  • LISBON, Portugal — When two Chinese companies appeared among the bidders to buy a troubled Portuguese bank this year, its staff took heart. The reason? They believed the potential buyers would do what Chinese investors are increasingly doing in Europe: save badly needed jobs and invest in expanding the business. Flush with cash, Chinese buyers are shopping for foreign brands and technology to improve their competitive edge and propel their global expansion. Unlike Western buyers that might cut staff or close operations that duplicate their own, Chinese companies have an incentive to hang onto experienced foreign employees and expand.

New faces take a seat at extended top table

September 30 2015

  • More institutions and countries than ever are included in this year’s Times Higher Education World University Rankings. Twenty-eight nations make the top 200, while a further 42 are featured in the overall 800 list, including many new faces to the rankings – such as the likes of Jordan, Serbia and Nigeria. But traditionally, the “best of the rest” list is dominated by the BRIC nations – Brazil, Russia, India and China – and this year is no exception. China leads the way, with 21 universities in the top 600 and 37 in the top 800.

China’s Xi says to commit 8,000 troops for U.N. peacekeeping force

Sep 29, 2015

  • China will contribute 8,000 troops for a United Nations peacekeeping standby force, China’s President Xi Jinping told the United Nations General Assembly on Monday, a move that could make it one of the largest players in U.N. peacekeeping efforts.

Turkmenistan becomes China’s biggest strategic partner in gas provision

28 September 2015

  • Among the leading oil and gas powers, Turkmenistan has first become a major strategic partner of China in natural fuel provision, the Ministry of Oil and Mineral Resources of Turkmenistan said. “The Turkmenistan-Uzbekistan-Kazakhstan-China gas pipeline is a model of equal and effective cooperation of four countries covered by this energy-main,” the statement said. “More than 125 billion cubic meters of gas have been transported through the pipeline since its commissioning in late 2009 till August 2015,” the ministry said. “This is more than 35 percent of the total volumes of natural gas purchased by China. This shows the importance of the Trans-Asian gas line in ensuring energy security of China.”

China pledges $2B to help developing countries

Sep 26, 2015

  • Chinese President Xi Jinping announced on Saturday that Beijing will establish an assistance fund with an initial pledge of $2 billion to help developing countries implement a global sustainable development agenda over the next 15 years. “China will continue to increase investment in the least developed countries, aiming to increase its total to $12 billion by 2030,” Xi told a sustainable development summit of world leaders at the United Nations.

Jimmy Carter urges U.S.-China cooperation

September 22, 2015

  • Washington (CNN)Former President Jimmy Carter called for greater cooperation between the U.S. and China ahead of President Xi Jinping’s visit this week, saying the two countries could play major roles in solving some of the world’s major conflicts. “It has always been clear that in both countries there are potential political leaders who, for their own benefit, have blamed the other country for domestic problems and tried to exacerbate the inherent differences that always exist,” Carter wrote in a Huffington Post op-ed Tuesday.

US and UK lead the way for having the best universities in the world, according to QS World University Rankings

15 September 2015

  • Overall, a total of 82 countries are represented in this year’s list, with the largest shares claimed by the US (154), UK (71), Germany (43), and France (41). Japan has 38 entries, Australia 33, China 30, Canada and Italy 26 apiece, Brazil 22, and Russia 21.

Japan, China, South Korea to cooperate on food supply

Sep 13, 2015

  • Japan, China and South Korea have agreed to boost cooperation in ensuring a stable food supply after holding their first meeting of farm ministers in more than three years. In a joint statement adopted during the two-day meeting in Tokyo that wrapped up Sunday, the three net importers of food items said: “We shared the view that sustainably increasing domestic production capacity is very important for our food security.”

China sees major breakthrough at Beijing world athletics

12 Sep 2015

  • Chinese athletes have cast off the shadow of star hurdler Liu Xiang’s retirement to restate the country’s challenge to world powers in track and field. China saw breakthrough performances at the World Athletics Championships, which ended in Beijing on Sunday evening, scooping nine medals including one gold, seven silvers and one bronze.

China, Tajikistan Sign Currency Swap Deal to Bolster Trade


  • China and Tajikistan have signed a currency swap agreement for the Chinese yuan and Tajikistani somoni to boost trade and investment, the country’s central bank, People’s Bank of China (PBOC), said on Monday. Under the agreement, central banks of the two sides will be able to exchange a series of payments in one currency for equivalent amounts in another to facilitate bilateral trade settlements and provide liquidity support to financial markets.

How Asia-Pacific Publics See Each Other and Their National Leaders

September 2, 2015

  • A majority of people in the Asia-Pacific region who were surveyed, not including the Chinese, have a positive view of China. (For more views on China, see this June 2015 Pew Research Center survey.) Roughly eight-in-ten Pakistanis (82%) and nearly that many Malaysians (78%) voice a favorable opinion of China. About six-in-ten or more Indonesians (63%) and South Koreans (61%) agree. Public views of China have improved in the past year in the Philippines (+16 points) and India (+10 points). However, the Vietnamese (only 19% favorable) and the Japanese (9%) do not see China in a positive light. In fact, almost half the Japanese (49%) express a very unfavorable view of China. Asia-Pacific views of China are far more positive than the perception held by Americans. In the United States, only 38% have a favorable opinion of China.

Controversial China rig completes drilling well near Vietnam coast

Aug 24, 2015

  • The Chinese oil rig at the center of last year’s standoff between China and Vietnam over oil exploration in the South China Sea has completed drilling of a well not far from Vietnam’s coast, the official Xinhua News Agency said on Monday.

Chinese sci-fi hit wins Hugo Awards for the first time

August 24, 2015

  • Chinese sci-fi fans were ecstatic when they learned that the Hugo Awards, one of the most prestigious science-fiction awards in the world, went to a Chinese novel for the first time. “The Three-Body Problem,” written by Chinese sci-fi novelist Liu Cixin, beat out four other finalists and was announced the winner of the 2015 Hugo Award for Best Novel in Seattle on Saturday. Ken Liu, the book’s translator, accepted the award on Liu’s behalf.

British pupils taught maths and science by Chinese trounce peers: Children who did 12 hour days led by teacher writing on a board performed 10% better in test

18 August 2015

  • A group of British pupils who were taught maths and science in the traditional Chinese way outperformed their peers by 10 per cent, an experiment has found. The youngsters achieved the results after being forced to learn as they do in China – 12-hour days led by a teacher writing on a whiteboard. The Chinese teachers who taught them were initially shocked by the children’s disruptive behaviour, blaming the generosity of Britain’s benefits system for their lack of ambition and ill-discipline.

Pakistan-China to cooperate in field of space-technology under CPEC

August 16, 2015

  • ISLAMABAD – Federal Minister for Planning and Development Ahsan Iqbal has proposed space-technology cooperation between Pakistan and China under the economic corridor project. He made the proposal at the China-Pakistan Economic Corridor (CPEC) forum that was held this week at the Chinese city of Kramay in Xinjiang region. On his plea, the proposal was formally included in the historic Karmay’s declaration which was later unanimously adopted at the end of forum’s two-day deliberations.

Advice from Jimmy Carter: Don’t antagonize China

13 Aug 2015

  • I’m sad to learn about former President Jimmy Carter’s cancer diagnosis. Having grown up in Atlanta, where Carter keeps his office, I am blessed to have gotten to know him over the years — and I wish him and his family the best during this difficult time. Occasionally, we would meet in his office or his home in Plains, Ga., to discuss everything from the books that he was reading (most recently, “Genghis Khan and the Making of the Modern World”) to world events like China’s history of currency devaluations. I always took notes.

Chinese UN peacekeepers praised for Africa missions


  • A team of Chinese riot police within the UN peacekeeping mission to Liberia conducted on Friday an air-land patrol in one of the country’s hot spots, winning plaudits from the local government and residents. It was the first time in more than a year that UN peacekeepers were seen patrolling in the area in Sinoe county in southern Liberia, as the gold-laden area is covered with dense jungle and is well known for poor road conditions, local residents told Xinhua. Moreover, the security situation in the troubled area is bad as conflicts occur frequently among local residents for land and labor-management disputes.

World Poverty Drops, With China Leading the Way

July 10, 2015

  • China largely drove the rise of the global middle class, increasing its share of middle class by 15 percent or by 203 million people. Nearly one in five of the world population lives in China.

QS University Rankings: BRICS 2015

Global Poverty Drops Sharply, With China Making Big Strides, U.N. Report Says

JULY 6, 2015

  • In fact, though, how much of those gains can be attributed to the goals is unknown. The sharp reductions in extreme poverty are due largely to the economic strides made by one big country, China. Likewise, some of the biggest shortfalls can be attributed to a handful of countries that remain very far behind. In India, for example, an estimated 600 million people defecate in the open, heightening the risk of serious disease, especially for children.

International Opinion Increasingly Favorable To China: Survey

June 24 2015

  • Despite growing international concern about Chinese-backed computer hacking and the South China Sea territory disputes with several neighbors, a new survey has revealed that China is being seen in an increasingly favorable light by people around the world. Findings from the Pew Research Center show that China is closing in on the U.S. in global favorability. The survey found that most people see China replacing the United States as the world’s No. 1 superpower at some point. In a survey of 40 countries, a majority in 27 countries said China will or already has replaced the U.S. as the world’s leading power. The view of China has become more favorable across the 35 countries surveyed this year and the last. In 2014, Pew said, a median of 49 percent had a positive view of China across these countries, but in 2015 it is 54 percent. Negative views fell from 38 percent to 34 percent.

US ‘welcomes’ China to set rules on global affairs: Biden

24 June, 2015

  • The United States and China must be “honest and direct” about their future ties, and Washington welcomed Beijing at the table to set new rules for global affairs, US Vice-President Joe Biden said yesterday, launching key security and economic talks between the two countries.

Australia and China sign ‘history making’ free trade agreement after a decade of negotiations

17 Jun 2015

  • Australia and China have signed a free trade agreement with Prime Minister Tony Abbott hailing it as “history making” for both countries. Mr Abbott and China’s commerce minister Gao Hucheng signed the deal in Canberra today following a decade of negotiations.

More Australians see China as partner than as threat

16 Jun, 2015

  • 77 per cent of Australians view China as ‘more of an economic partner’ compared to only 15 per cent who see it as “more of a military threat”, the 2015 Lowy Institute Poll found. Only 39 per cent of the population believe it likely that “China will become a military threat to Australia in the next 20 years” — 9 points lower than in the 2014 poll.

In a first, China outnumbers Japan in annual Times Asian university rankings


  • LONDON – China outnumbered Japan for the first time in the annual Times Higher Education Asia University Rankings released Wednesday. Although the University of Tokyo was once again judged to be the best university in the region encompassing Asia and the Middle East, China has 21 institutions in this year’s top 100, up from 18 last year, while Japan has 19, down from 20 last year and 22 in 2013. To make matters worse for Japan, 15 of the 19 Japanese institutions in the top 100 have lost ground in the rankings.

2015 Asia university rankings: Singapore leads, China rises, Japan stalls, India struggles

Jun 09, 2015

  • LONDON, England – National University of Singapore confirms its leadership as Asia’s top institution in the seventh QS University Rankings: Asia, published today. NUS’s success is mirrored by Nanyang Technological University which climbs to 4th, its highest ever position. While Singapore is holding firmly to the gold medal, its rival education hub, Hong Kong, claims silver with Hong Kong University placing second, followed by Hong Kong University of Science and Technology (5th), Chinese University of Hong Kong (6th) and City University of Hong Kong (9th). Korea takes the bronze medal with KAIST (3rd), Seoul National University (8th) and Postech (10th).

China, South Korea sign FTA deal


  • SEOUL, June 1 (Xinhua) — China and South Korea signed a free trade agreement (FTA) here on Monday, the largest bilateral FTA deal for China in terms of trade volume. Under the accord, South Korea will eliminate tariffs on 92 percent of all products from China within 20 years, while China will abolish tariffs on 91 percent of all South Korean goods.

Report: 80,000 U.S. Workers Now Employed By Chinese Companies


  • A recent report says the number of American workers employed directly by Chinese companies increased more than five-fold in the past five years. The analysis, compiled by New York research firm Rhodium Group and the National Committee on United States-China Relations, found that U.S. employment by Chinese-affiliated firms jumped from less than 15,000 in 2009 to more than 80,000 in 2014. The increase coincided with the growth of spending by Chinese firms in the U.S. Those companies spent nearly $46 billion in between 2000 and 2014, with most accumulating during the last five years of that period.

World Hunger Falls to 25-Year Low on China, Brazil’s Ascent

May 27, 2015

  • Fewer people are undernourished than anytime in the past 25 years as the rise of developing countries such as China and Brazil ushers in economic prosperity and improved food production. There are 795 million hungry people in the world, down from 821 million from 2010 to 2012, according to a report released Wednesday by the United Nation’s Food & Agriculture Organization. That means around one in nine people are still underfed. China dominated the fight against global hunger, accounting for about two thirds of the reduction in hungry people in developing regions in the past 25 years. Among major regions in the world, eastern and Southeast Asia reduced hunger by the most, according to the FAO report.

Korean start-ups wooed by China’s Silicon Valley


  • More than 100 tech-savvy Korean venture firms gathered last week at the Seoul-based start-up conference beGLOBAL SEOUL 2015, as an outlet for fostering new business, market expansion and sharing industry insights. Beijing-based startup accelerator TriBeluga, in its move to attract prospective Korean start-ups to China, joined hands with Chinese government officials for the introduction of Zhongguancun ― a tech district in Beijing, which the government hopes to foster as the Asian version of the California-based Silicon Valley.

China’s Top Universities Shine In Global Ranking

Apr 28, 2015

  • China’s program of investment in higher education over the past decades is beginning to pay dividends, said higher education data specialists QS. The organization’s annual QS World University Rankings by Subject, released Wednesday, showed that among 36 academic disciplines evaluated, seven Chinese universities made the global top 50. Ben Sowter, head of research, said the success of China’s universities fits into a wider shift in the global balance of power, with Asian institutions emerging as genuine competitors to the U.S. and U.K., especially in the academic disciplines of science, technology, engineering and mathematics.

China’s prestige projects around the world

20 April 2015

  • China is investing $46bn in Pakistan, including an economic corridor linking its western Xinjiang province all the way to the south-west port of Gwadar on the Arabian sea. This is just the latest in a series of prestige projects that China has paid for or invested in around the world. China has funded many projects throughout Africa, particularly sports stadiums and railway links, but none has been higher profile than the African Union headquarters in Ethiopia – a $200m (£127m) gift from China which dominates the Addis Ababa skyline and is testament to the growing economic ties between China and Africa. Trade between the two has increased more than six-fold during the past decade. China’s largesse in South America is well documented – loans by China’s state-owned banks to Latin American countries rose by 71% to $22bn (£14bn) in 2014, according to estimates published by the China-Latin America Finance Database, and it has a voracious appetite for Latin American commodities.

China, Kazakhstan sign 33 deals worth of 23.6 billion U.S. dollars


  • BEIJING, March 27 (Xinhua) — China and Kazakhstan on Friday signed 33 deals of cooperation worth 23.6 billion U.S. dollars during Kazakhstan Prime Minister Karim Masimov’s China visit. The signing of the deals, including those covering cooperation on steel, non-ferrous metals, sheet glass, oil refining, hydropower and automobile, were witnessed by Chinese Premier Li Keqiang and Masimov.

More than 377,000 intl’ students in China in 2014


  • BEIJING, March 18 (Xinhua) — A total of 377,054 foreign students from 203 countries and regions studied in China in 2014, up 5.77 percent year on year, China’s Ministry of Education (MOE) said Wednesday. International students studied in 775 colleges, research institutes and other institutions across 31 provincial regions, the MOE said, adding that 9.8 percent of them are sponsored by Chinese government scholarships.

Australia scores ‘most favoured nation’ provisions in FTA with China

March 13, 2015

  • Australia’s biggest-ever bilateral trade deal is set to grow much bigger, with China agreeing to a special ratchet clause that will ensure that future benefits conferred to other countries will flow automatically to Australia. The much-coveted “most favoured nation” provisions in the China-Australia Free Trade Agreement have been kept under wraps at the request of Chinese negotiators, who were pursuing a parallel deal with South Korea.

U.S. students losing interest in China as dream jobs prove elusive

Mar 12, 2015

  • (Reuters) – American students are getting cold feet about studying Chinese in China, with many study abroad programs in the country seeing a substantial drop in enrolment over the last few years. At the University of California Education Abroad Program (UCEAP), student enrolment in programs in China is expected to be less than half the level it was only four years ago. Washington-based CET, another leading study abroad group, says interest in China has been falling since 2013. “I came to China thinking I could learn Chinese and get a high paying job. I learned very quickly that was not the case,” said Ian Weissgerber, a 25-year-old American graduate student in China. “A lot of Chinese can speak English just as well as I can, and Chinese is their native tongue too.”

Americans See China’s Economic Power as Diminished Threat

February 26, 2015

  • PRINCETON, N.J. — Forty percent of Americans regard “the economic power of China” as a critical threat to the vital interests of the U.S., down from 52% in both 2013 and 2014. Since last year, Americans have shifted more toward viewing China’s economic power as an important but not a critical threat, or as not an important threat. Currently, 12% of Americans name China when asked to say which country they consider the United States’ greatest enemy. That is down from 20% in 2014 and 23% in 2012. China currently ranks behind Russia and North Korea, after topping the list in 2014 and finishing second, to Iran, in 2012.

China, Switzerland to sign financial deal

January 21, 2015

  • China and Switzerland are poised to sign a financial deal on Wednesday to pave the way for the establishment of an offshore renminbi market in Zurich. “A memorandum of understanding will be signed between the central banks of the two countries during Chinese Premier Li Keqiang’s visit to Switzerland,” a government official told Xinhua. “It is an important step in the internationalization of the RMB, especially in Europe.”

China’s Xi receives highest rating among world leaders


  • Chinese President Xi Jinping was the highest rated world leader in many fields, according to a survey published by Harvard Kennedy School’s Ash Center for Democratic Governance and Innovation. Xi topped both the domestic ratings that respondents gave to their own leaders and international scoring. Chinese respondents showed the highest confidence in regards to how their leader handled domestic and international affairs. In terms of ratings of their own leaders in their respective countries, Xi was the highest rated leader with a nine out of 10 rating. Russia’s Putin followed with an 8.7 with India’s Modi and South Africa’s Jacob Zuma rounding out the top. When it came to how the 10 leaders are rated by people in other countries, Xi also fared the best, with Modi, Merkel and Zuma trailing. Xi is highly thought of in Asia, Africa, and Eastern Europe. The Chinese president had the highest average score, at 7.5, based on international scoring. With the exception of Japan, he is reasonably well received in all countries in this survey, according to the analysis of Anthony Saich, a China expert at the Harvard Kennedy School. Findings also show that 93.9 percent of Chinese respondents claimed to pay attention to President Xi.

China Becomes Hub For European MBA Students And Schools

25th November 2014

  • Jane Kwok’s daily commute into eastern Shanghai frames a rich picture of Chinese culture. Her business school, nestled in one of Asia’s financial hubs, is a long way from Kaupthing, the Icelandic bank she worked for as head of its UK legal department. “For any MBA student, the choice of school is a very important investment,” says Jane, a former vice president at Commerzbank AG. This summer she moved to China’s third-largest city to begin an MBA at CEIBS. “Being able to work with Chinese students allows me to be part of the training ground of the future business leaders of China,” she says. Jane, who has UK and Swiss passports, is one of a growing number of European business leaders who are leaving the Continent to take advantage of the buoyant economic growth in Asia and flood of investment leaving China.

Ranking The World’s Most Powerful People 2014

  • from China #3 Xi Jinping #30 Jack Ma #41 Robin Li #43 Ding Xuedong #53 Ma Huateng

China, Spain sign business deals worth $4 billion

Sep 25, 2014

  • (Reuters) – China and Spain signed business deals worth about 3.2 billion euros ($4 billion) on Thursday during a visit by Spanish Prime Minister Mariano Rajoy to the Asian powerhouse to drum up support for his country’s economy. At a ceremony in Beijing’s Great Hall of the People, Chinese and Spanish companies signed 14 deals in industries ranging from telecommunications to nuclear power to finance.

Chinese teens beat U.S. peers in money smarts

July 9, 2014

  • Chinese teenagers in Shanghai know more about money than American kids. So do teens in Estonia. In fact, in a recent test that measured financial literacy of 15 year olds, U.S. teens ranked in the middle of the pack, alongside Russia and Latvia. The test, administered by the OECD, tested knowledge of everything from banking and taxes to how interest rates work, and was given to 29,000 students in 18 countries in 2012, in conjunction with a more widespread international assessment of math, science and reading (called the Program for International Student Assessment).

China signs currency swap worth 150 billion yuan with Switzerland

Jul 21, 2014

  • (Reuters) – China signed a bilateral currency swap agreement worth 150 billion yuan ($24.17 billion) with the Swiss central bank, which can invest up to 15 billion yuan in China’s bond market. The three-year swap, signed on Monday, will “provide liquidity support for bilateral economic and trade exchanges and help maintain financial stability,” the People’s Bank of China (PBOC) said in a statement on its website,

China is THE most visited country in the developing world, by far!

Jun 30, 2014

  • In 2012, China was the top tourist destination among developing countries with more than 57 million foreigners entering the country over the year, according to The World Bank blog.

Xi Calls for Unity, Greater Contribution of Overseas Chinese


  • President Xi Jinping on Friday called for unity and a greater contribution from Chinese nationals overseas to realize national rejuvenation. Xi made the remarks at the 7th Conference for Friendship of Overseas Chinese Associations attended by more than 500 representatives from 119 countries and regions. As long as the overseas Chinese are united, they can play an irreplaceable role in realizing the Chinese dream of national rejuvenation as they are patriotic and rich in capital, talent, resources and business connections, Xi said.

China, Germany rev up political, economic ties on Xi visit

29 Mar 2014

  • Germany’s leading car industry took centre-stage on Xi’s third stop of a European tour, with auto giant Daimler announcing a production deal with its Chinese partner worth one billion euros ($1.4 billion). The partnership with Beijing Automotive Industry Corporation (BAIC Group) plans to expand production capacity at their joint venture Beijing Benz (BBAC) by 2015. Germany is China’s biggest EU trading partner, while the Asian giant is a massive market for German machines, technology and cars.

France signs €18 billion in deals on Chinese leader’s state visit


  • China’s President Xi Jinping and French President François Hollande presided over the signing of €18 billion in contracts, industrial co-operation deals and aircraft sales Wednesday in Paris on Xi’s state visit to France. “Eighteen billion euros’ worth of contracts. That means jobs, growth and, above all, the prospect of more to come in the years ahead,” Hollande said. At a signing ceremony at the Elysée Palace, Chinese carmaker Dongfeng and PSA Peugeot Citroen formalised a deal agreed last month for the Chinese firm to buy a 14 percent stake as part of a recapitalisation plan for the struggling French automaker.

Hunts for fugitives to intensify


  • Prosecutors nationwide will clamp down on corrupt officials this year and step up the hunt for those who have fled abroad, according to the top procurator. Preventing suspects from fleeing the country and tracing those who have escaped are important measures for prosecutors in fighting graft, Cao Jianming, procurator-general of the Supreme People’s Procuratorate, the country’s highest prosecution body, told China Daily.

Shanghai teens top international education ranking, OECD says

December 3, 2013

  • (CNN) — When it comes to mathematics, reading and science, young people in Shanghai are the best in the world, according to a global education survey released Tuesday. East Asian economies performed best overall, claiming seven of the top ten places across all three subjects. Part of the reason pupils do so well in Shanghai, according to the OECD’s deputy director of education, Andreas Schleicher, is that they have the drive and confidence to fulfill their potential. “In China and Shanghai, you have nine out of ten students telling you, ‘It depends on me. If I invest the effort, my teachers are going to help me to be successful’,” Schleicher told CNN’s On China program, which will air later this month. PISA tests student near the end of their compulsory education in areas that are “essential for full participation in modern society,” as well as their ability to apply what they have learned in new situations. “This approach reflects the fact that modern economies reward individuals not for what they know, but for what they can do with what they know,” the report said. Data on other Chinese provinces and cities is not yet published by PISA because not enough regions take part in the tests to be considered representative, a spokesman said. However, China as a whole is expected to be included in the 2015 assessment. “The biggest surprise from Shanghai … was not that students did well on reproducing subject matter content but that they were very, very good in those higher order skills (that reflect) what you can do with what you know,” he said.

China and US power/influence tie in Global Major Threats PEW Survey


China will replace America as the leading superpower, global attitudes survey finds

19 July, 2013

  • China will replace America as the leading superpower, according to an international global attitudes survey released on Thursday, even though just half of the nations polled view China favourably. And only one in every four nations thinks China respects the personal freedom of its people. In comparison, 95 per cent of nations think the US government respects its citizens’ personal freedoms in the survey which was conducted before Edward Snowden’s surveillance revelations were made public. These are among the major findings of the Pew Research Centre’s Global Attitudes Project, which conducted surveys in 39 countries among 37,653 respondents from March 2 to May 1, 2013. It is the first study to gauge public responses to China to such a large scale.