Tag: china

China’s half-year report card on economic reform: slow, safe and steady

  (Reuters) -The caution is still there, the difference is today China is crossing that river in many spots at once and the water is probably deeper. Economists say there is no substitute for fundamental changes if China is to succeed in its transformation from bureaucratically-run, pollution-spewing industrial powerhouse to a more balanced, market-driven economy. However, reforms such as freeing up bank interest rates or dismantling state monopolies will cause much short-term pain, and provide […]

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Obama: U.S.’ role is to deploy military force only as a last resort

MANILA, Philippines April 28  (ENS) — United States President Barack Obama stressed his country’s’ role in an increasingly turbulent world situation as one wherein military force would only be used as a “last resort.” In a joint press conference with Philippine President Benigno Aquino III in Malacanang, Obama said that there would always be territorial disputes around the world but the use of military force had been proven by history as something that should be […]

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U.S. President Obama set to arrive in Manila today; Asian stability tops agenda

MANILA, Philippines —  United States President Barack Obama is set to arrive in the country today, as he departs from Malaysia where he has said that the U.S. is committed to helping maintain the peace and stability in Asia. “I believe that together we can make the Asia Pacific more secure, and America has the strongest melter in the world but we don’t see conflict, we see to keep the peace. We want a future where disputes are resolved peacefully […]

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Philippines, U.S. sign new military pact

BY ROSEMARIE FRANCISCO AND MATT SPETALNICK MANILA/KUALA LUMPUR (Reuters) – The United States and the Philippines have signed a new 10-year security pact on Monday that will allow for a larger U.S. military presence as it struggles to raise its defense capabilities amid territorial disputes with China. The agreement, which establishes a framework for a beefed-up rotation of U.S. troops, ship and warplanes through the Philippines, was formally sealed just hours before U.S. President Barack Obama arrives in Manila, […]

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Hyundai Motor unveils small SUV concept for China, to launch this year

By Hyunjoo Jin SEOUL Sun Apr 20, 2014 12:52am EDT (Reuters) – South Korea’s Hyundai Motor on Sunday unveiled its small sport utility vehicle (SUV) concept targeted at the Chinese market, planning to join a flurry of rivals in tapping the growing segment in the world’s biggest market. Hyundai said it had picked popular Korean actor Kim Soo-hyun to promote the subcompact SUV ix25, to capitalize on the Korean pop culture boom in wooing Chinese […]

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91-year-old WWII veteran says PHL using right approach against China

MANILA, April 9 (PNA) — Having witnessed the horrors and brutality of war, 91-year-old World War II veteran Ricardo Madayag said the country is using the right approach in dealing with China regarding the territorial dispute in the West Philippine Sea. He said the Philippine government effort to settle the territorial row via the United Nations arbitral tribunal is the right approach to such matters. “(The use of) might in settling such matters is no […]

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Aquino says “memorial” filed with UN not meant to provoke China

MANILA, March 31 (PNA) — President Benigno S. Aquino III said on Monday the Philippines’ filing of a memorial or written argument with the United Nations arbitration court is meant to boost the country’s claim on a part of the disputed West Philippine Sea (South China Sea) and not to provoke China. It can be recalled that the memorial was filed by the Philippines before the Tribunal of the United Nations Convention on the Law […]

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Asia shares struggle as investors cautious over China, Ukraine

(Reuters) – Asian shares lurched lower in a cautious start to the week on Monday, as investors were hobbled by the persistent tensions in Ukraine, uncertainty over Federal Reserve policy and worries about slowing growth in China. The euro edged away from a recent low hit against the dollar as traders continued to recalibrate expectations around U.S. monetary policy after Fed Chair Janet Yellen last week raised the prospect of an earlier start to interest […]

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