Tag: china

Treasury Secretary Mnuchin calls US-China talks ‘productive’

BEIJING, China (AFP) — Treasury Secretary Steven Mnuchin said the United States had “productive” talks with China over their trade dispute, after negotiations in Beijing ended with no indication of any concrete progress. In a tweet, Mnuchin said that he and US Trade Representative Robert Lighthizer had “productive meetings with China’s Vice Premier Liu He.” © Agence France-Presse

Alibaba takes stake in Chinese video platform Bilibili

BEIJING, China (AFP) — Alibaba has bought an eight percent stake in Chinese online video sharing and entertainment service Bilibili for an undisclosed amount, state news agency Xinhua reported. Alibaba’s e-commerce arm Taobao will reportedly own 24 million shares in Nasdaq-listed Bilibili, which claims tens of millions of regular users, mainly among young anime, comic and computer game fans in China. Chen Rui, Bilibili’s CEO and chairman, said he hoped the collaboration would help Bilibili […]

China’s January inflation comes in slower than expected

BEIJING, China (AFP) — Factory and consumer price inflation in China rose at a slower rate than expected in January as global growth cools and the US trade war drags on, official data showed Friday. The producer price index (PPI) — an important barometer of the industrial sector that measures the cost of goods at the factory gate — rose 0.1 percent on-year in January, compared with a 0.9 percent rise the previous month. The […]

Asian shares drop on trade talks fears, weak US retail

HONG KONG, China (AFP) — Asian stocks retreated Friday as concern grew over reports of an impasse in China-US trade talks in Beijing, and Wall Street was hit by weak US retail sales. Bourses across the region posted losses as investors shrugged off news that US President Donald Trump would sign a massive spending bill to avert a government shutdown, while Chinese inflation eased more than expected. Top US economic officials were due to meet […]

US officials to meet Xi as trade talks near end

by Ryan Mcmorrow Agence France Presse Top US economic officials were to meet on Friday with Chinese President Xi Jinping as the sides aim to wrap up trade talks in Beijing with enough goodwill to extend a truce in their tariff war. The world’s two biggest economies are seeking an accord to bridge their deep trade differences, after President Donald Trump set a March 1 deadline beyond which he would rescind a freeze on tariff […]

Asian shares ease as US-China trade talks begin

HONG KONG, China (AFP) — Asian stocks eased Thursday as traders anxiously awaited news from high-level US-China trade talks starting in Beijing. Negotiators from the two economic superpowers kicked off discussions in the Chinese capital aimed at defusing a row that has already triggered tariffs on billions of dollars worth of exports and threatened to stymie global growth. Failure to resolve the dispute would initiate a sharp hike in US tariffs on $200 billion of […]

Immigration bureau detains Chinese behind taho-throwing incident at MRT station

(Eagle News)—The Bureau of Immigration has detained the Chinese national who splashed a cup of taho on a police officer who was merely explaining to her the Metro Rail Transit ban on liquids over the weekend. BI spokesperson Dana Sandoval said Zhang Jiale, who had just posted bail for the direct assault charged filed in court against her, was taken into custody by immigration agents on Tuesday, Feb. 12, by virtue of a mission order […]

China’s Xi to meet top US trade officials: report

BEIJING, China (AFP) — Chinese President Xi Jinping plans to meet with top US officials in Beijing this week, a report said Wednesday, as the world’s two biggest economies rush to patch up their trade differences before a looming deadline. Xi will meet on Friday with officials including US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, who are in the capital for crunch talks towards a trade deal, the South China Morning Post […]

Asian shares rise as Trump boosts US-China talks

HONG KONG, China (AFP) — Asian stocks climbed Wednesday as US President Donald Trump said he could extend the deadline for a trade deal with China, appearing to boost the prospects of an agreement. Trump said “things are going well” at preliminary talks in Beijing, where top economic officials will gather Thursday seeking an accord to stop sharp US tariff hikes that could damage the global economy. “If we’re close to a deal, where we […]

MRT-3 to file separate raps vs woman behind taho-throwing incident

(Eagle News)—The Metro Rail Transit management is slated to file separate charges against the woman who splashed taho at a police officer at an MRT station on Saturday, Feb. 9. The charges to have Jiale Zhang deported and declared an undesirable alien would be apart from the charges for direct assault, unjust vexation and disobedience to a person of authority earlier filed against her. She has been subjected to inquest proceedings at the Mandaluyong Prosecutors […]

Robredo: Chinese woman behind taho-throwing incident insulted not only cop but also all Filipinos

(Eagle News)—The Chinese woman who threw taho at a police officer in a Metro Rail Transit 3 station on Saturday, Feb. 9, insulted not only the cop but also Filipinos in general, Vice President Leni Robredo said. In her weekly radio show, Robredo said what Jiale Zhang did to P01 William Cristobal, who was only explaining to her the MRT-3 ban on food and drinks when she refused to dispose of the taho she was […]

15 killed in knife rampage and arson attack in China

BEIJING, China (AFP) — Fifteen people were killed in China on the night of the Lunar New Year in two family tragedies, after one man started a fire and another went on a knife rampage. As people celebrated to welcome in the  Chinese New Year Monday night, a man surnamed Lu set fire to the home of his brother in the northern province of Shaanxi, killing seven, according to police in the town of Baoji. […]