CHINA TOPIX

11/22/2024 12:19:44 am

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Carlos Castillo

Budding Partnership

India, Vietnam Build Military Muscle, Mull Exploration of More South China Sea Resources

With a strongly-worded reiteration of its territorial claims over the Paracel and Spratly Islands, the government of Vietnam on Wednesday invited strategic partner India to its expand its exploration of natural resources within the country's exclusive economic zone (EEZ) in the South China Sea.

Proactive Fiscal Reforms

PBOC Urges Higher Fiscal Deficit Ahead of G-20 Talks

Executives and researchers at the People's Bank of China (PBOC) on Wednesday urged Beijing to tolerate a much higher fiscal deficit than its current ceiling allows, claiming cheap bank loans can no longer drive China's economic expansion.

Sanctions Ready

China, US Agree on Draft UNSC Resolution Against North Korea

China and the United States on Wednesday reached an apparent agreement on a draft United Nations Security Council (UNSC) resolution outlining sanctions intended to end North Korea's nuclear ambitions and bring Pyongyang closer to the negotiating table, according to council diplomats.

More Anti-Ship Missiles

US Navy to Field High-Tech Anti-Ship Missiles Amid Tension in South China Sea

For months last year, the US weighed the possible outcomes of challenging China's land reclamation activities in the South China Sea, but now that it has, the US Navy's top commander in the Pacific says Washington would not back down.

China, US, Chiacago Stock Exchange

Fears of 'Manipulation' Shadow Casin Group's Chicago Stock Exchange Deal

Fears of covert Chinese 'manipulation' have cast doubt on Chongqing Casin Enterprise Group's bid to take over the Chicago Stock Exchange (CHX), according to experts, as a group of 46 US legislators have stepped up their campaign to strike down the deal over national security concerns.

Land Reclamation

China may be Building High-Power Radar on Disputed Island, Says Washington Think-Tank

Satellite images show China may be building a high-power radar system on a disputed territory in the South China Sea, according to the Center for Strategic and International Studies (CSIS).

Bilateral Talks

Wang, Kerry in Talks Over North Korea Sanctions and South China Sea

China's Foreign Minister Wang Yi is in Washington this week to meet with US State Secretary John Kerry and other US officials, the Chinese Foreign Ministry announced on Monday.

Job Losses

EU Stands to Lose 10 Million Jobs if China Gains Equal Status in WTO: ECC

The European Chamber of Commerce (ECC) in Beijing said on Monday that the European Union (EU) is unlikely to lift trade barriers against China this year as fears of losing as many as 10 million jobs across Europe are blocking efforts to grant the country market economy status (MES) in the World Trade Organization (WTO).

Committee on Foreign Investments in the United States (CFIUS)

US Regulators are Taking aim at Chinese Investors: Experts

Chinese companies planning to invest in US-based enterprises this year are likely to face a tough hurdle as the growing distrust between the two countries has prompted a secretive national security watchdog to zero-in on China's investments in the United States.

South China Sea

US is Biggest Instigator of Militarization in South China Sea, Says China

The Chinese government on Friday accused the US of militarizing the South China Sea, days after civilian satellite images suggesting Beijing had deployed missiles to the disputed Paracel Islands grabbed media attention around the world.

Vietnam Lodges Formal UN Complaint Against China; Beijing Accuses Philippines of 'Ulterior Political Purposes'

The Vietnamese government on Friday submitted a formal complaint to the United Nations (UN) against China following reports that Beijing has deployed surface-to-air-missile (SAM) batteries to the Paracel Islands in the South China Sea.

Stepping Down?

China's Top Security Regulator is Stepping Down, Says WSJ

China's top securities regulator is stepping down as Chinese leaders move to dispell rumors of disarray in the management of the country's economy and spell out the specifics of how the government intends to supervise China's economic transition, sources with direct knowledge of the matter told the Wall Street Journal on Friday.

UK will be facing severe backlash if Brexit wins.

US, EU Warn China to Obey International Law and not Underestimate World Opinion

The United States and the European Union (EU) on Thursday challenged Beijing's position that the Permanent Court of Arbitration (PCA) has no jurisdiction over a case filed by the Philippines against China's claims in the South China Sea.

Copycat

China Closing Technology Gap With US, Says US Air Force Official

The technology gap between US and Chinese jet fighters is being narrowed, although the training and experience of US pilots still allows them an "unbelievably huge" advantage over their Chinese counterparts, a top US air force official has said.

Serious Talks

US Wants 'Serious Talks' on South China Sea; Experts Predict Big Diplomatic Move by China

The White House made public on Wednesday a measure of its intelligence on China's activities in the South China Sea, suggesting that China is speeding up construction of military facilities in contested territories of the busy waterway.

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