Tag: china

China hits back after US tariffs

BEIJING, China (AFP) — China has launched an anti-dumping investigation into sorghum imports from the United States, spurring worries of a brewing tit-for-tat trade war between the world’s top two economies. The commerce ministry announced the self-initiated probe on Sunday, just weeks after President Donald Trump’s administration slapped its latest batch of tariffs on Chinese goods. The ministry did not immediately announce any new tariffs on the grain, though, and the results of the dumping […]

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N. Korea flouts sanctions, earning $200 mln from banned exports: UN

UNITED NATIONS, United States (AFP) – North Korea is flouting UN sanctions by exporting coal, iron, steel and other commodities banned under UN sanctions, earning nearly $200 million in revenue last year, a UN report said Friday. A UN panel of experts also found evidence of North Korea’s ongoing military cooperation with Syria to develop its ballistic missile and chemical weapons programs, and with Myanmar. North Korea “continued to export almost all the commodities prohibited in the […]

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WWII bomb defused in Hong Kong after thousands evacuated

HONG KONG, China (AFP) – A wartime bomb was defused in Hong Kong on Thursday after forcing a busy commercial district into lock-down, with roads closed and thousands evacuated from surrounding shops, hotels and offices. It was the second time within a week that an American bomb dropped during WWII had been discovered at a harborfront construction site in Wan Chai. Police sealed off parts of the district after a worker found the device on Wednesday morning, […]

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Nepal losing out to China as Everest operators cross mountain

by Annabel Symington Agence France-Presse KATHMANDU, Nepal (AFP) — Poor regulation and overcrowding are pushing Everest climbers away from Nepal to China, which is investing millions to boost a rival path to the top of the world. Veteran climbing outfits, fed up with what they regard as a lax attitude to safety on Nepal’s southern flank of the 8,848-meter (29,029-foot) peak, are starting to shift operations to Everest’s north side in Tibet. “The south side […]

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May arrives in China eyeing post-Brexit trade links

by Ben Dooley Agence France-Presse BEIJING, China (AFP) — British Prime Minister Theresa May arrived in China on Wednesday as she seeks to bolster her country’s global trade links ahead of its contentious divorce with the European Union. May began her visit in the central industrial city of Wuhan and will be in China until Friday in what the Chinese foreign ministry has touted as a “historic visit.” Later on Wednesday, May will head to […]

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Tencent invests in ‘Mission: Impossible’ studio

BEIJING, China (AFP) – Chinese internet giant Tencent said on Friday it will take a stake in the US production company behind the “Mission: Impossible” and “Terminator” series, marking China’s latest incursion into Hollywood. The deal will give Tencent the opportunity to co-finance Skydance Media films, which will benefit from the Chinese firm’s distribution and marketing in the world’s second-largest movie market, firms said in a statement. It did not provide financial details but the Los Angeles […]

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China invited to take part in major US-led naval exercise in disputed South China Sea

China has been invited to participate in a major US-led naval exercise, Chinese officials said Thursday, in the disputed South China Sea. The Chinese military took part in the RIMPAC drill, billed as the world’s largest international naval exercise, for the first time in 2014 and again in 2016. “We have received the American invitation,” Chinese defense ministry spokesman Wu Qian told reporters. A Chinese delegation has been sent to the US to discuss logistics, […]

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Trump takes ‘America First’ message to Davos elite

by Andrew Beatty and Jitendra Joshi Agence France-Presse DAVOS, Switzerland (AFP) – The world’s political and business elite headed Thursday into a compelling encounter with President Donald Trump as the United States bids to carve out a competitive edge in trade, taxes and currency rates. A day after appearing to cast aside decades of US support for a strong currency, Trump’s Treasury Secretary Steven Mnuchin said he was relaxed about the dollar’s short-term value, doing little to […]

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Trump trade crackdown gathering steam, China a target

by Douglas Gillison Agence France-Presse WASHINGTON, United States (AFP) — President Donald Trump begins 2018 making good on his aggressive “America First” trade agenda, with China as a primary target. As he prepares to mingle this week with global leaders at the World Economic Forum in Davos, Switzerland, a traditional cheerleader of free trade, Trump has again ruffled feathers from Beijing to Berlin after imposing steep tariffs on imported washing machines and solar panels. And major decisions […]

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France’s Carrefour revamps operations with job cuts, China deal

PARIS, France (AFP) – France’s Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world’s second-biggest retailer at the start of the century after US giant Wal-Mart, has since slipped to ninth position, according to the Deloitte consultancy, having been overtaken by the likes of Amazon and Costco. “Carrefour has not sufficiently developed with its customers,” […]

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China: Chinese telecom company will not pose a security threat to PHL

QUEZON City, Philippines (Eagle News) — China has allayed fears the third telecommunications player that might enter the Philippines would be a national security threat. “We’ve also said many times that the Chinese government always asks (businesses) to abide by the market principles, international rules and local laws and regulations,” Chinese Foreign Ministry Spokesperson Lu Kang said. Lu said that in return, “we hope that other countries could offer necessary and amicable conditions and environment […]

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Oil spill disasters in the past 50 years

PARIS, France (AFP) – Concerns are growing over an oil slick off China’s east coast after an Iranian tanker, the Sanchi, exploded and sank a week ago following a collision at sea. Here is a look back at the major oil spills around the world in the past five decades: Shipwrecks – Atlantic Empress and Aegean Captain, 1979: The two Greek-registered tankers collide and catch fire off Tobago in the West Indies, spilling an estimated 287,000 tonnes […]

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