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(Eagle News) — The Department of Foreign Affairs (DFA) said it has already sent a note verbale to the Chinese Embassy on the alleged presence of Chinese survey ships in Benham Rise, a 13-million hectare underwater plateau that had been recognized internationally as part of the country’s continental shelf. DFA Assistant Secretary Charles Jose told reporters that “the Philippines has sent a note to the Chinese Embassy seeking clarification on this.” Benham Rise is […]
(Eagle News) — Malacañang said it was concerned with the reported presence of Chinese survey ships at Benham Rise in the Pacific and Reed Bank in the South China Sea. “We are concerned about the presence of a Chinese ship in Benham Rise, which has been recognized by the United Nations as part of the Philippines,” Presidential spokesperson Ernesto Abella said in a statement.. The Department of National Defense has already notified the […]
MANILA, Philippines (AFP) — Chinese survey ships have been entering waters recognized by the United Nations as Philippine territory, Manila’s defense secretary said Thursday, in a move he described as “very concerning”. Delfin Lorenzana said the ships were seen last year near Benham Rise — a Philippine territory 250 kilometres (155 miles) off the east coast of the main island of Luzon — as well as Reed Bank in the South China Sea, […]
BEIJING, China (AFP) — Prices for goods at the factory gate in China rose for the sixth straight month in February, officials said Thursday, slightly beating expectations as strong demand boosts the world’s second-largest economy. The producer price index (PPI) rose 7.8 percent year-on-year, according to the National Bureau of Statistics, topping economist expectations of a 7.7 percent increase in a Bloomberg poll. It marked an acceleration from the previous five months and fuelled expectations […]
BEIJING, China (AFP) — Action star Jackie Chan said opening up China’s heavily-restricted film market to more foreign works would put positive pressure on local filmmakers, as rumors swirl Beijing will expand its quota on imported movies. Since 2012, China has permitted 34 films to be imported from overseas each year, but the state-run Global Times newspaper reported last month that Chinese and US officials are renegotiating the limit. A shakeup in domestic movie offerings […]
BEIJING, China (AFP) — China on Wednesday called on North Korea to suspend its nuclear and missile activities in exchange for the US and South Korea halting military wargames, to avoid what it called a “head-on collision.” “To defuse the looming crisis on the (Korean) peninsula, China proposes that as a first step, the DPRK may suspend its nuclear and missile activities in exchange for the halt of the large-scale US-ROK exercises,” Foreign Minister Wang […]
by Heather SCOTT Agence France-Presse WASHINGTON, United States – The US government has slapped $1.2 billion in fines on Chinese telecom giant ZTE for violations of US export controls for selling goods to Iran and North Korea, officials announced Tuesday. It is the largest criminal penalty in US history in an export control case, US officials said, though there have been larger fines involving financial firms. The company will immediately pay $892 million, while another […]
CHINA (Reuters) — The Consumer Price Index (CPI) and the Producer Price Index (PPI) in China remain stable up to now and China will continue to deepen price reform said an official with China’s National Development and Reform Commission (NDRC) at a press conference on Monday in Beijing. “China’s price level was generally stable last year and remains so till now. The CPI grew 2 percent in the 2016 year on year, under the predicted […]
WASHINGTON, United States (AFP) – The Trump administration’s top trade advisor said Monday US trade deficits are a threat to national security that could cause the loss of American freedom and prosperity. Outlining an unapologetically aggressive trade policy, Peter Navarro, director of the White House National Trade Council, accused economists and the media of ignoring the risk posed by trade deficits and embracing an “antiquated view of the world.” Navarro singled out China and Germany […]
BEIJING, China (Reuters) — China said on Monday (March 6) continued economic growth needed to maintain employment, and will take further steps to support private investment. “Because China is a country with almost 1.4 billion people, employment is a really important issue. Without a certain level of economic growth, a certain quality of economic growth, creating enough employment opportunities would be very difficult. Based on our experience and understanding of the rules roughly, every increase […]
BEIJING, China (AFP) — China’s defense budget will rise seven percent to $151 billion this year, the slowest annual percentage increase since 1991 and roughly in line with decelerating economic growth, Bloomberg News reported Monday. The budget is normally included in public documents released at the opening of the country’s 10-day annual legislative session, which began Sunday, but was absent this year, adding to perennial concerns abroad over Chinese military transparency. The 2017 budget will […]
(Eagle News) — Overseas Filipino workers held a gathering to rally support for Philippine president Rodrigo Duterte in Macau, China. The rally staged by the United Democracy and Duterte Supporters or United DDS was also held over the weekend, at about the same time that hundreds of thousands of people showed up in Manila to express their support for the President. Eagle News Service correspondent in Macau, China Kit Wong interviewed some of those who came […]
