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Beijing, China (AFP)—China’s manufacturing activity expanded in March for the first time in nine months, official data showed Friday. The official Purchasing Managers’ Index, which tracks activity in factories and workshops, rebounded to 50.2 last month, figures from the National Bureau of Statistics showed. It was the highest figure in nine months and the first expansion of manufacturing activity since June 2015. The result beat the median expectations of 49.4 in a Bloomberg News survey […]
BEIJING, China (AFP) — Beijing’s defence ministry on Thursday warned the US navy to “be careful” in the South China Sea and slammed a newly signed agreement between Washington and the Philippines. Earlier this month, Manila agreed to give US forces access to five military bases, including some close to the disputed South China Sea, where tensions have risen over Beijing’s assertion of its territorial claims. China claims virtually all the South China Sea despite […]
Beijing, China (AFP)—At least 19 people have been killed in a coal mine accident in China, state media and officials said Thursday, in what is believed to be one of the deadliest such incidents so far this year. The accident happened on Wednesday night at a mine in the northern province of Shanxi owned by Shanxi Datong Coal Mine Group, the official Xinhua news agency said, without giving further details. The provincial Communist Youth League […]
WASHINGTON, United States (AFP) — The United States said Tuesday it is “reassessing” China’s participation in a large naval drill in the Pacific this year, amid tensions with Beijing over maritime claims. China took part in RIMPAC — the largest international naval exercises in the Pacific involving some 20 countries every two years under US leadership — for the first time in 2014. But soon after China’s initial participation, aimed at reducing distrust, renewed incidents […]
(Reuters) — China’s Foreign Ministry said on Monday (March 21) that a Chinese coastguard vessel did not enter Indonesian waters after Indonesia protested against what it called an infringement of its waters by a Chinese vessel near a disputed area of the South China Sea over the weekend. The incident involving an Indonesian patrol boat, and a Chinese coastguard vessel and fishing boat in what Indonesia said was its waters, has angered Indonesia. Indonesia says […]
BEIJING, China — A top judge in China said Beijing plans to set up an “international maritime judicial center” to help protect their country’s sovereignty and rights at sea. Giving a work report at the annual meeting of china’s largely rubber-stamp parliament, Chief Justice Zhou Qiang said courts across china were working to implement the national strategy of building china into a “maritime power”. On Monday, foreign ministry spokesman Lu Kang said in Beijing that […]
BEIJING, China – In response to the scheduled resolution of the arbitral tribunal in the Hague, Netherlands, regarding the issue filed by the Philippines against China regarding the disputed territories in the West Philippine Sea, China is planning to establish an international maritime judicial center, which aims to help implement new strategies to become a maritime power. (Eagle News Service Described by Jay Paul Carlos, Video Editing by Dexter Magno, Uploaded by MRFaith Bonalos)
Washington, United States (AFP)—The slump in Chinese growth and its nascent economic transition was the key factor in a sharp slowdown last year in global trade, the World Bank said Wednesday. Trade, as measured by total merchandise import volumes, rose only 1.7 percent in 2015, down from 3.0 percent in 2014, the Bank said in a new report. That stall in trade, one of the key drivers of economic growth in recent years, was mostly […]
The dollar rallied against emerging market currencies on Wednesday as dealers moved into safer investments as persistent worries of a slowdown in China rekindled fears for the global economy. After a string of gains in recent weeks, confidence took a hit on Tuesday when China said exports from the world’s second-largest economy plunged by the most since the global financial crisis. The figures rejuvenated fears about a “hard landing”, sending traders into the Japanese yen […]
Twelve people were killed in a coal mine accident in China, state media reported Monday, the latest incident in the country’s notoriously dangerous industry. Coal gas flooded a colliery in Baishan, in the northeastern province of Jilin, killing the miners, the official Xinhua news service said. One was rescued and the cause of the accident on Sunday was being investigated. Industrial safety standards are often flouted in China even though deadly incidents regularly make national […]
BEIJING, China (Reuters) — China said on Friday (March 4) that it’s defense budget had been controlled in a reasonable range, while it urged the United States to respect the interests of countries in the region of South China Sea after a report saying its navy fleet entered the disputed waters. China’s defense budget this year is likely to rise at its slowest pace since 2010, in line with the decelerating economy and by a […]
BEIJING, China – According to the National People’s Congress, from seven percent the defense budget of China will increase to eight percent and added that said budget will continue to increase yearly. However, China denied the militarization of the disputed territories in the West Philippine Sea and questioned the motives of the United States of America in sending naval forces in the said territories, accusing said country of preferential treatment regarding the Philippines. (Eagle News […]
