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China

25 October 2017 13:43

  Chinese President Xi Jinping has been formally reappointed by the country’s Communist Party as its chairman and the head of the Politburo Standing Committee (PSC) for another five-year term. The Communist Party on Wednesday announced the new makeup of the top decision-making body led by Xi, with Premier Li Keqiang identified as the only other member besides the president to retain...

22 October 2017 17:18

  The latest market figures show the level of trade between Iran and China increased by almost a quarter over the past eight months. Reports quoted China’s customs department as announcing that the level of trade between the two countries from January to August 2016 stood at $19.5 billion. This is while, reports said, their trade reached above $24 billion from January to...

1 October 2017 18:35

  A US aircraft carrier has carried out routine military drills in the South China Sea under the watchful eye of China as tensions mount between Washington and North Korea. F-18 Super Hornet jet fighters flew off the decks of the USS Ronald Reagan aircraft carrier on Saturday while two Chinese frigates constantly maintained a line-of-sight vigil. The two frigates of the People’s Liberation...

25 September 2017 10:45

  Japan says Chinese coastguard ships have approached a group of disputed islands in the East China Sea, claimed by both Tokyo and Beijing, for the second time in less than a week. Japan’s coast guard said four Chinese vessels entered the waters surrounding the uninhabited islands — known as Senkaku in Japan and Diaoyu in China — and were moving in...

12 September 2017 20:08

  China’s biggest banks have suspended financial transactions for North Korean clients after the UN Security Council imposed a new round of sanctions against Pyongyang. Employees at several branches of China’s "big four" banks - Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China and China Construction Bank - confirmed the financial restrictions on North Korean clients, AFP reported...

7 August 2017 19:50

  North Korea ruled out on Monday chances of negotiations over its nuclear ambition, and accused the United States of "rigging" voting at the United Nations Security Council. "We will, under no circumstances, put the nukes and ballistics rockets on the negotiating table," the North's Foreign Minister Ri Yong Ho said in remarks he delivered at the Asean Regional Forum in Manila,...

4 August 2017 16:11

  Speculations are rising that Iran’s oil exports to China would rise to the highest levels over the past 11 months in August.  Reuters in a report highlighted speculations that the rise in Iran’s exports to China would follow a recent decision by the Islamic Republic to cut the prices for its heavy crude oil. Crude and condensate exports from Iran to China...

2 August 2017 14:36

  China has accused India of "concocting" excuses over the illegal entry of the South Asian nation's military into Chinese territory on their disputed border, adding that China had shown great restraint. The stand-off on a plateau next to the mountainous Indian state of Sikkim, which borders China, has ratcheted up tension between the neighbors, who share a 3,500-km frontier, large parts...

1 August 2017 11:30

  China slams US President Donald Trump for pointing the finger of blame at Beijing over the North Korean military program, calling on all sides to make joint efforts towards the resolution of the issue. In a statement sent to Reuters Monday, the Chinese Foreign Ministry responded to Trump’s latest tweets, where he said he was “very disappointed” with Beijing after North...

25 July 2017 14:22

  The Export-Import Bank of China (EXIM) signs a $1.5 billion deal to finance the electrification of a high-speed rail line between the Iranian cities of Tehran and Mashhad. EXIM’s Vice President Sun Ping and CEO of the Bank of Industry and Mine Ali Ashraf Afkhami signed the documents in Tehran on Tuesday after “16 months of intensive talks”, the Iranian official said. The...

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