CHINA TOPIX

11/22/2024 05:47:42 am

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Carlos Castillo

New Maritime Judicial Center

China to Create Own International Maritime Judicial Center Amid Sea Disputes

China will establish an international maritime judicial center to protect its national sovereignty and maritime rights, the country's Supreme People's Court announced on Sunday. The announcement was made by China's Chief Justice Zhou Qiang in a report issued during the annual meeting of the Chinese parliament in Beijing.

No Mass Layoffs

Top Regulator Vows no Mass Layoffs as China Plans Merger of Big State-Owned Companies

China is set to combine more big state-owned enterprises (SOEs) as part of a sweeping plan to cut industrial overcapacity and promote growth and employment opportunities in other sectors of the nation's economy, a senior regulator said on Saturday.

China-Russia

China, Russia Issue Stern Warning to North Korea as Kim Orders More Nuclear Tests

China and Russia on Friday warned North Korea against furthering its nuclear ambitions, calling on Pyongyang to resume six-party talks over its nuclear weapons program and heed a United Nations Security Council (UNSC) resolution banning its ballistic missile tests.

B1 Bomber

US Plans More Bomber Rotations in Australia Amid South China Sea Dispute

The US plans to expand its rotation of bombers and refueling aircraft in Australia, the commander of the US Air Force in the Pacific said on Tuesday, as Washington seeks to enhance its presence in the region.

Common Stance

China, Russia Forge Common Stance on THAAD Deployment in South Korea

China and Russia on Friday voiced strong opposition to the deployment of US Terminal High Altitude Area Defense (THAAD) missile batteries in South Korea, reiterating concerns that the US defense system's capabilities could pose a threat to the stability of the region.

Stern Warning

China's President Xi Vows to Contain Secessionist Activities in Taiwan

Delivering what some say is his strongest warning yet to Taiwanese pro-independence leaders, China's President Xi Jinping on Sunday vowed to protect the country's territorial integrity by stamping out any move to declare Taiwan's independence from the mainland.

Modernizing

Australia Mulls Four-Country Naval Coalition; India Rejects US Joint Patrol Proposal

The Australian government is open to discussing an informal naval coalition with Japan, the US and India, according to the Australian defense ministry.

Blacklisted

China Issues Embargo Against 31 North Korean Vessels

Beijing on Wednesday ordered China's maritime authorities to ban 31 North Korean vessels from entry into the country's harbors. The ban follows the UN Security Council's approval of the latest round of international sanctions against Kim Jon Un's government for its nuclear weapons and missile development programs.

Protest

EU Nations Clash Over Anti-Dumping Tariffs on Chinese Steel Imports

The European Union (EU) is struggling to find balance in its relations with China amid a dispute among members over anti-dumping tariffs levied on steel products from the Asian country.

Joint Naval Exercises

Japan to Join US-India Naval Drills in Philippine Sea

The naval forces of the United States, Japan and India will conduct joint exercises this year in waters just north of the Philippines, a move which analysts say is likely to draw China's muted but watchful attention amid tensions over competing claims in the region.

Fired in Anger

Defiant North Korea Fires Projectiles as UN Ratchets up Sanctions

North Korea demonstrated its indignation over the latest round of United Nations sanctions against its nuclear ambitions by firing short-range projectiles in waters off the divided Korean Peninsula.

Mass Layoffs Seen

5 to 6 Million Workers in China Could Lose Jobs in Next 3 Years, Says Report

Five to six million state workers in China could lose their jobs over the next two to three years as Beijing buckles down to address industrial overcapacity and weed out inefficiency amid broader efforts to restructure the country's economy, reliable sources have said.

Contradictory?

Seoul Envoys Slam Beijing's 'Self-Contradictory' Stance on THAAD, South China Sea, Says Report

South Korean diplomats in Beijing said on Monday that China's argument opposing the deployment of Terminal High Altitude Area Defense (THAAD) systems in the Korean Peninsula runs contrary to its construction of radar installations and other defensive facilities in the South China Sea.

Continued Reforms

US urges China to continue reforms toward market-oriented exchange rate

The US government on Sunday called on China to continue along the path toward a more market-oriented exchange rate even as it underscored the need for Beijing to clearly communicate its policies to the financial markets.

Downplay

Paris Club of Lenders woo China, but Would not Bend Rules for Beijing

Discussions are underway at G-20 summit in Shanghai to grant the world's second largest economy membership to the Paris Club, an informal association of creditors that specialize in loans to governments, ministers and finance officials.

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