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Based on satellite photographs, China already completed the construction of an airstrip in the Fiery Cross reef in the disputed Spratlys Island. Said airstrip is the largest and first Chinese base in the disputed territory.China is reported to be constructing two more airstrips. <em>(Eagle News Service Jay Paul Carlos, Jericho Morales, MRFaith Bonalos)</em>
(Reuters) — China and the European Union (EU) agreed to deepen investment cooperation on Monday (September 28) during the 5th China-EU High Level Economic and Trade Dialogue. Chinese Vice Premier Ma Kai and EU Vice President for Jobs, Growth, Investment, and Competitiveness, Jyrki Katainen, oversaw the signing of a joint declaration of cooperation for the development of 5G mobile phone networks and a memorandum of understanding between China’s National Development and Reform Commission and the […]
By Andrew Chubb, UWA (Courtesy East Asia Forum) — The US defence establishment’s provocative plan to assert freedom of navigation by patrolling near China’s artificial islands in the South China Sea appears to have stalled. But if the United States abandons the policy it will forego an important opportunity to help stabilise Asia’s contested waters. In May, Secretary of Defense Ashton Carter reportedly asked the US military to develop plans to send planes and ships within 12 nautical miles (nm) of China’s new […]
Chinese President Xi Jinping arrived in Washington on Thursday (September 24) for a state visit and talks with President Barack Obama that are expected to be clouded by differences over alleged Chinese cyber spying, Beijing’s economic policies and territorial disputes in the South China Sea. Cyber security remains a hot issue in the U.S. – Chinese relations as Washington is considering sanctions against Chinese companies and individuals it accuses of stealing U.S. trade secrets. Responding […]
The partnership was formed to develop Chinese-language movies for audiences at home and abroad. China’s box office receipts are skyrocketing but the market is tough for imported films that are subject to a quota system. And tie-ups like this one are a good way of getting around that says analyst, Ben Cavender, Senior Analyst, China Market Research Group: “You know, if you are a foreign studio obviously you’re dealing with this quota in China where […]
(Eagle News) — According to the leadership of the Armed Forces of the Philippines (AFP), the AFP did not receive any reports regarding the alleged plans of China to sabotage the 2016 elections due to the arbitration case filed by the Philippines against China regarding the issue of the West Philippine Sea. Allegation of China’s plan to sabotage the upcoming elections was made by Commissioner Christian Lim during a budget hearing. <em>(Eagle News Service Jay […]
The demand for Apple’s latest addition – iPhone 6s is much stronger in China as compared to other parts of the world, including the U.S., according to the latest data unveiled by Apple’s news blog. The inventory blog of iPhone tracked the back-order status of various iPhone models by screen shots of Apple’s estimated waiting time. On Sept 12, shipping waiting time for the new iPhone 6s Plus in China stood at three to four […]
SEPTEMBER 7 (Reuters) — Asian shares got off on the back foot on Wednesday (September 2) after weak manufacturing activity reports from both the U.S. and China sent Wall Street reeling, while the dollar steadied after steep losses. The Nikkei rose 0.6 percent to 18,275.60 in mid-morning trade after falling to a low of 17,857.30 soon after the market opened. The benchmark index tumbled 3.8 percent on Tuesday (September 1) after surveys showed China’s factory […]
AUGUST 27 (CCTV) — China has taken criminal compulsory measures against 11 officials and detained 12 suspects for criminal offenses over the warehouse blasts in north China’s port city Tianjin which killed 139 people and devastated the port area, the Supreme People’s Procuratorate and the Ministry of Public Security said on Thursday. According to the Criminal Procedure Law, compulsory measures include summons by force, bail, residential surveillance, detention and arrest. The Supreme People’s Procuratorate is […]
AUGUST 25 (CCTV) — The Chinese stock markets on Monday had their worst day in eight years with the benchmark Shanghai Composite Index tumbling 8.49 percent to close at 3209.91 points. It marked the steepest dive since Feb. 27, 2007, and came less than a month after a similar plunge on July 27 this year, when the stock market lost 8.48 percent. The astonishing loss came one day after the government’s approval to allow the […]
By Ciara Lee (REUTERS) — The alarm bells rang in China – and they were heard in Europe. Markets there opened more than three percent in the red The UK’s FTSE 100, France’s CAC 40 and Germany’s DAX were all down in morning trade. Robert Halver, head of Capital Market Analysis at Baader Bank said: “The 10,000 mark is psychologically important. The index is no longer five digit, it’s four digit and now we have entered […]
(Reuters) — China said on Tuesday (August 19) it is investigating the head of its work safety regulator who for years allowed companies to operate without a license for dangerous chemicals, days after blasts in a port warehouse storing such material killed at least 114 people. Yang Dongliang, head of the State Administration of Work Safety, is “currently undergoing investigation” for suspected violations of party discipline and the law, China’s anti-graft watchdog said in a statement […]
