Girish Shetti
Expert says Uncertainty in Real Estate Sector will Affect Chinese Economy
| Girish Shetti | | Oct 21, 2016 01:19 AM EDT |
Many economists reportedly expressed doubts if the robust growth rate will sustain itself in the long run despite the country's latest GDP performance. China's GDP grew by 6.7 percent during the third quarter of this year.
Starwood Capital Offloads Stake in $2 Billion Hotel Portfolio to China Life Insurance
| Girish Shetti | | Oct 20, 2016 11:22 PM EDT |
US Private investment firm Starwood Capital Group announced on Tuesday that it offloaded a stake in a roughly $2 billion portfolio in US hotels to a consortium led by China Life Insurance Co. Ltd.
China Slams Japan for Withholding Funds to UNESCO Over Nanjing Massacre Documents
| Girish Shetti | | Oct 20, 2016 10:22 AM EDT |
China on Wednesday criticized Japan's decision to withhold its funding to a UNESCO (United Nations Educational, Scientific and Cultural Organization) Program for apparently including documents on the infamous 1937 Nanjing Massacre. Beijing has described the decision as an 'irresponsible act.' "What Japan has said and done once again lays bare their wrong attitude of not acknowledging history," Chinese Foreign Ministry spokeswoman Hua Chunying told a news briefing. "Not paying fees to UNESCO to exert pressure is irresponsible. They will not achieve their aims." Hua added that the Nanjing Massacre was a serious war crime and historical reality acknowledged by many international community. UNESCO established the "Memory of the World" program in 1992 to safeguard the important historical documents and materials. It announced to include documents about the Nanjing massacre in its program last year, much to the dismay of Japan. Tokyo immediately protested the move, raising doubts over authenticity of the Nanjing Massacre documents handed over by the Chinese organization. It called for fair and transparent enquiry to validate the authenticity of the documents. The Nanjing Massacre continues to cast shadow on bilateral relation between Japan-China, with latter accusing Tokyo of not acknowledging its wartime aggressions. Beijing alleges that Japanese troops killed nearly 300,000 Chinese citizens in 1937 in then capital city of Nanjing. A international tribunal had put the death figure to 142, 000. However, Japan has always raised questions over these death numbers. Several Japanese politicians and scholars have accused China of exaggerating these numbers, while many claim that the massacre never took place at all.
Top Pakistani Politician Imran Khan Assures Chinese Ambassador Over CPEC Project
| Girish Shetti | | Oct 20, 2016 01:24 AM EDT |
Pakistan Tehreek-i-Insaf (PTI) Chairperson Imran Khan assured Chinese Ambassador Sun Weidong on Tuesday that his party's ongoing corruption movement against the Nawaz Sharif government is not aimed at sabotaging the China-Pakistan Economic Corridor (CPEC).
Hyundai to make Green cars to fend off Competition in China
| Girish Shetti | | Oct 19, 2016 05:04 PM EDT |
Hyundai Motor Co has completed a manufacturing plant in China, and will add another plant next year. Hyundai motors announced that both plants would be used to manufacture only environmentally friendly cars.
China’s Economy Bounces Back, Grows 6.7% in 3rd Quarter
| Girish Shetti | | Oct 19, 2016 09:28 AM EDT |
The Chinese economy is showing signs of bouncing back after it registered a growth rate of 6.7 percent in the third quarter of the current financial year, the National Bureau of Statistics said on Wednesday.
Sales of Chinese Goods Drops in India as Indian Leaders Call for Boycott
| Girish Shetti | | Oct 14, 2016 11:27 PM EDT |
Indian leader's call to boycott Chinese goods ahead of the festive season seems to have started showing an effect, as sales of Chinese goods such products have reportedly taken a huge hit in India's capital city of New Delhi.
India, China Agree to Cooperate in Key Areas to Boost Economic Growth
| Girish Shetti | | Oct 14, 2016 10:15 AM EDT |
Setting aside their diplomatic differences, India and China have agreed to enhance economic cooperation in key areas, such as the construction of high-speed railway and development of coastal manufacturing zones and sourcing energy from the international markets.
China's President Xi Deepen Ties with Regional Ally Cambodia During 2-Day Visit
| Girish Shetti | | Oct 13, 2016 09:59 PM EDT |
President Xi Jinping of China is bent on deepening his country's bilateral ties with one of its staunch regional allies - Cambodia.
Bangladesh PM Sheikh Hasina Says China is ‘Trusted Partner’ Ahead of President Xi’s Historic Visit
| Girish Shetti | | Oct 13, 2016 04:50 PM EDT |
Bangladesh Prime Minister Sheikh Hasina has described China as a "trusted partner" ahead of President Xi Jinping's historic visit to the country later this week. Xi, who is set to land in Dhaka on Friday, would be the first Chinese head of state to visit Bangladesh in 30 years.
China’s September Export and Import Falls Steeply Amid Weak Global Demand
| Girish Shetti | | Oct 13, 2016 04:30 PM EDT |
Weak global demand continues to exert pressure on China's export market, as exports in the month of September dropped well below market expectations. The country's imports also witnessed a steep fall in the same month.
Speak and Act Cautiously over South China Sea, China Tells Australia
| Girish Shetti | | Oct 13, 2016 08:04 AM EDT |
China on Wednesday said that it hopes Australia practices caution while speaking on the sensitive issue of South China Sea. The stern message was conveyed in a meeting between top defence officials of China and Australia in Beijing.
China to be a 'Key Negotiator' to Address India-Pakistan Tension: Report
| Girish Shetti | | Oct 12, 2016 11:16 PM EDT |
A Chinese government official said that China is ready to play the role of a 'key negotiator' to resolve the current tension between India and Pakistan.
Chinese Station Tenders Apology for not Including Taiwan in China Map
| Girish Shetti | | Oct 12, 2016 04:45 PM EDT |
A leading Chinese television station, Hunan Television, has tendered an apology for displaying a Chinese map that did not show Taiwan as a part of Mainland China. The incident was reported by the official website of People's Daily, which published a screengrab of the map that was broadcasted on the talent show.
China Says Peacekeeping Forces Never Abandoned South Sudan Posts
| Girish Shetti | | Oct 12, 2016 03:26 PM EDT |
China's defense ministry has dismissed the allegation by a US-based group that Chinese peacekeepers abandoned their posts in South Sudan following the death of two Chinese soldiers earlier this year.
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