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by Ryan McMorrow Agence France Presse BEIJING, China (AFP) — A growing number of Chinese companies are adopting a crafty way to evade US President Donald Trump’s tariffs: remove the “Made in China” label by shifting production to countries such as Vietnam, Serbia and Mexico. The world’s two largest economies have been locked in a months-long trade fight after Trump imposed 25 percent customs duties on $50 billion worth of Chinese goods this summer, triggering […]
BEIJING, China (AFP) — China’s top legislator voiced hope that North Korea and the United States will implement their nuclear summit agreement as he met with North Korean leader Kim Jong Un, Chinese state media said Monday. Li Zhanshu, sent by President Xi Jinping to attend North Korea’s 70th anniversary parade on Sunday, said China was committed to the goal of denuclearization of the Korean peninsula, the Xinhua news agency said. “We have high regards […]
BEIJING, China (AFP) – Alibaba co-founder and chairman Jack Ma will step down as head of the e-commerce giant on September 10, 2019, the company said on Monday. Ma is staying on as executive chairman for 12 months to “ensure a smooth transition” before handing over his role to chief executive officer Daniel Zhang, Alibaba said in a statement. “While remaining as executive chairman in the next 12 months, I will work closely with Daniel […]
WASHINGTON, United States (AFP) — The United States on Friday recalled its envoys to three Latin American countries that recently switched diplomatic ties from Taiwan to China, saying it would hold consultations with the diplomats. The move comes after Washington accused Beijing last month of destabilizing cross-Strait relations and engaging in a campaign of “political interference” by poaching Taiwan’s allies in the western hemisphere. “The Department of State has called back the US Ambassador […]
BEIJING, China (AFP) – Chinese President Xi Jinping will attend a regional summit in Russia next week, officials said Friday — a gathering that may include North Korean leader Kim Jong Un and the heads of Japan and South Korea. Russian President Vladimir Putin has invited Kim to participate in the September 11-13 Eastern Economic Forum in Vladivostok. Kim has not confirmed his attendance, but his participation would mark another major step in his efforts […]
HONG KONG, China (AFP) — Asian equities were mixed Thursday following the previous day’s rout as concerns about contagion from emerging markets fray investor nerves, while sentiment is also being dampened by the possibility of further US tariffs on China. And while EM currencies, which have taken a battering in recent weeks, enjoyed a much-needed breather, there are warnings of further pain to come in foreign exchanges. Worries that financial crises in Argentina, South Africa […]
BEIJING, China (AFP) — Chinese President Xi Jinping pledged Monday to provide $60 billion in financing for Africa’s development over the next three years at a summit with leaders from the continent. The financing will include $15 billion in “free assistance and interest-free loans”, he said, in remarks meant to ease growing concerns that China’s assistance to developing nations is miring them in debt. © Agence France-Presse
by Ben Dooley Agence France Presse BEIJING, China (AFP) — President Xi Jinping told African counterparts and business leaders Monday that China’s investments on the continent have “no political strings attached,” even as Beijing is increasingly criticized over its debt-heavy projects abroad. Xi spoke before the start of a two-day China-Africa summit that is expected to focus on his cherished Belt and Road initiative, a global trade infrastructure program. The massive scheme is aimed at […]
TOKYO, Japan (AFP) — Japan’s defense chief on Monday warned the country faces a tough security environment, with China and Russia stepping up military activity and North Korea posing “imminent threats”. Defense Minister Itsunori Onodera said China had been “unilaterally escalating” its military activities in the past year, including carrying out new airborne operations around Japan and running a nuclear submarine near disputed East Coast isles. “China has been rapidly improving its military strength and […]
BEIJING, China (AFP)–More than 38,000 pigs have been culled across China, state media said Sunday, as the world’s largest pork producer scrambles to contain an outbreak of African swine fever. The disease has been discovered in five Chinese provinces, the official Xinhua news service reported, quoting statistics from the country’s ministry of agriculture. China reported its first case of the disease in August in northeast Liaoning province. Since then the disease has moved south, with […]
WASHINGTON, United States (AFP) — Chinese e-commerce billionaire Liu Qiangdong — also known as Richard Liu — was briefly arrested in the midwestern US city of Minneapolis over allegations of criminal sexual conduct, authorities said. Records from Hennepin County Jail showed Liu, founder and CEO of Chinese online retail giant JD.com, was arrested over the misconduct allegations late Friday night and released Saturday afternoon. The Minneapolis Police Department said the investigation remained active and […]
by Julien Girault Agence France Presse BEIJING, China (AFP) — China’s massive and expanding “Belt and Road” trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt. First announced in 2013 by President Xi Jinping, the initiative also known as the “new Silk Road” envisions the construction of railways, roads and ports across the globe, with Beijing providing billions of dollars in loans to […]
