IMF warns of trade dispute disruptions
Beijing – Escalating disputes between China and the United States could significantly weaken sentiment in business and financial markets, disrupt global supply chains and create an economic drag this year, the International Monetary Fund warned on Friday. The IMF research, … Continue reading IMF warns of trade dispute disruptions
China to end subsidies for onshore wind power by 2021
Shanghai – China will end subsidies for new onshore wind power projects at the start of 2021, with renewable projects set to compete on an equal footing with coal- and gas-fired electricity, the country’s state planning agency said on Friday. … Continue reading China to end subsidies for onshore wind power by 2021
China: Progress on African swine fever vaccine
Beijing – China will start work on clinical trials of an African swine fever vaccine, state media said on Friday, as the disease continues to spread through the world’s biggest hog herd. State-owned Harbin Veterinary Research Institute has found two … Continue reading China: Progress on African swine fever vaccine
China capable of keeping RMB exchange rate stable
Beijing – A senior central bank official on Thursday reiterated that China is “capable and confident” of keeping the renminbi exchange rate generally stable on a reasonable and balanced level. China has gained much experience in dealing with exchange rate … Continue reading China capable of keeping RMB exchange rate stable
Panda Asian Food Festival kicks off in Chengdu
Chengdu – The Chengdu Panda Asian Food Festival kicked off on May 15 in Chengdu, capital of southwest China’s Sichuan province, attracting foodies and gourmands from across the world eager to taste traditional Sichuan cuisine and delicacies from other parts … Continue reading Panda Asian Food Festival kicks off in Chengdu
U.S. trade war: China plans tit-for-tat response
Hong Kong – China is exhibiting some worrying trade war restraint. A popular nationalist tabloid suggested this week that Beijing could retaliate against Washington using the country’s grip on rare-earth supplies, U.S. debt or American business on the mainland. A … Continue reading U.S. trade war: China plans tit-for-tat response
Japan tests world’s fastest bullet train
Tokyo – Japan is pushing the limits of rail travel as it begins testing the fastest-ever shinkansen bullet train, capable of speeds of as much as 400kph. Called the Alpha-X, the train is scheduled to go into service in 2030. … Continue reading Japan tests world’s fastest bullet train
Foxconn’s Gou wants to be peacemaker
Taipei – The chairman of Apple supplier Foxconn said on Monday he wanted Beijing to recognize the existence of Taiwan, as he outlined his plans to be the peacemaker between China, the United States and the self-ruled island Beijing sees … Continue reading Foxconn’s Gou wants to be peacemaker
USA: Iran oil waiver has no impact on China trade talks
Washington – U.S. Secretary of State Mike Pompeo says Washington’s decision to end Iran oil waivers to China will not have a negative impact on the latest trade talks between the world’s two leading economies. “We have had lots of … Continue reading USA: Iran oil waiver has no impact on China trade talks
China banks show modest profit growth
Beijing – China’s five biggest state-owned banks posted a modest growth in quarterly profit as policymakers pushed them to make more loans, but the results still missed expectations amid the lingering impact of an economic slowdown.Net profits at the country’s … Continue reading China banks show modest profit growth