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Carlos Castillo

'Fears of an Economic Meltdown in China are Overblown' - Experts

Jan 16, 2016 09:07 AM EST

The latest upheaval in China's stock and currency markets -- which spread gloom among investors as the year opened and more recently weighed oil prices down to their lowest in years -- does not mean that the Chinese economy is on the edge of collapse.

As Elections Loom, Critics Blame China for Taiwan's Economic Woes

Carlos Castillo |

Jan 15, 2016 10:54 AM EST

With elections just hours away, crucial economic issues have come to dominate political discourse in Taiwan, and -- as always -- the key question for both candidates and voters alike is whether Taiwan's economic future lies in closer ties with China or an autonomous national identity.

China to Broaden Defense, Anti-Terror Ties With Arab Nations

Carlos Castillo |

Jan 14, 2016 07:19 AM EST

China wants to expand its defense and anti-terrorism cooperation with the nations of the Arab world, according to a new policy paper issued by the Chinese Foreign Ministry.

'Slower, More Stable Growth in China is Good for Everybody' - IMF Chief Lagarde

Carlos Castillo |

Jan 13, 2016 01:02 PM EST

The head of the International Monetary Fund (IMF) has said that slower, more sustainable economic growth in China will be good for the global economy over the long term.

Philippine Court Approves Defense Pact With U.S. Amid Rising Tensions With China

Carlos Castillo |

Jan 13, 2016 07:11 AM EST

The Philippine supreme court has cleared the way for a contested defense treaty that allows the US to deploy aircraft, naval ships and thousands of US Marines to Philippine shores at a time when China is beginning to assert itself more vigorously in the South China Sea.

Former U.S. Defense Chiefs Urge More Military Cooperation With China

Carlos Castillo |

Jan 13, 2016 06:58 AM EST

Four former US secretaries of defense have urged more military cooperation between China and the US to diffuse tensions in the South China Sea and build trust between the two nations.

Beijing: 'China is Not to Blame for North Korea Problem'

Carlos Castillo |

Jan 12, 2016 05:53 AM EST

In yet another round of an increasingly tense debate over how to deal with Pyongyang, China has rejected the US government's claim that Beijing's policies toward North Korea have failed.

'China Must Follow Rules,' Says Philippine President

Carlos Castillo |

Jan 11, 2016 05:22 AM EST

Philippine president Benigno Aquino, Jr. has said that China must be pressured to adhere to certain rules even as it continues to build military and other facilities on disputed waters in the South China Sea.

China Punishes 119 in Continuing Corruption Crackdown

Carlos Castillo |

Jan 09, 2016 06:55 AM EST

China has punished another 119 people in a continuing crackdown on government corruption.

Beijing Gets Tough on Pollution, Imposes $28 Million in Anti-Pollution Fines

Carlos Castillo |

Jan 09, 2016 05:55 AM EST

Beijing's environmental authorities imposed fines amounting to $28 million for various infringements against the city's anti-pollution ordinances last year.

IMF Breakthrough Seen to Highlight China-US Mutual Distrust

Carlos Castillo |

Jan 08, 2016 01:13 PM EST

The long-awaited US congressional approval of proposed changes in the governing structure of the International Monetary Fund (IMF) has brought to the forefront of the world stage a simmering rivalry between the China and the US, according to political analysts.

US, UN Security Council Allies Urge China to Impose Sanctions Against North Korea

Carlos Castillo |

Jan 07, 2016 03:03 PM EST

The United States and its allies in the United Nations Security Council (UNSC) have urged China to join moves to impose tough sanctions on Pyongyang for openly disregarding the body's repeated calls for an end to nuclear detonations, according to reports.

Bankers, Investors Anticipate Reforms in China's SOE Sector

Carlos Castillo |

Jan 07, 2016 09:28 AM EST

Corporate reform has been looming heavily over China's state-owned enterprises (SOEs) for quite some time now, and investors and bankers are hoping that Beijing will finally give in to the demands of the times and begin the inevitable transition toward a meaningful privatization of state companies this year, according to analysts.

Chengdu Set to Become World's Next Silicon Valley

Carlos Castillo |

Jan 06, 2016 07:25 AM EST

Building on Beijing's efforts to encourage investments outside of China's coastal regions, Chengdu, in southwest China, is girding to become the world's next Silicon Valley, according to reports.

Eminent US Environmentalist Lauds China's Efforts to Promote Sustainable Development

Carlos Castillo |

Jan 05, 2016 05:13 PM EST

The Chinese government's efforts to promote sustainable development and nurture the country's ailing environment have received praise from an eminent US philosopher and environmentalist, according to state-run news agency Xinhua.