Girish Shetti
China’s HNA Aviation Group Acquires 13 Percent Stake in Virgin Australia
| Girish Shetti | | May 31, 2016 09:12 AM EDT |
China's HNA Aviation Group, which owns China's fourth largest airline Hainan Airlines, is set to buy a 13 percent stake in Australia's airline company Virgin Australia for an estimated $159 million. HNA plans to further increase its share to 19 percent in the Australian company.
President Xi Sends Congratulatory Message to Philippines' new President Duterte, Voices Hope of Renewing Bilateral Relationship
| Girish Shetti | | May 31, 2016 07:10 AM EDT |
President Xi Jinping on Monday sent an official congratulatory message to the Philippines' President-elect Rodrigo Duterte, saying that China hopes to get its relations with the Philippines back on track. The relationship between both countries has been severely affected by their dispute the South China Sea.
Week Before Gaokao Exam, Chinese City Bans Students From Tearing Textbooks or Yelling in Hallways
| Girish Shetti | | May 30, 2016 05:15 PM EDT |
A Chinese city has banned high school students from tearing up their textbooks or yelling in hallways to cope with exam pressure. The ban comes just week before the National College Entrance Examination (NCEE) or Gaokao examination.
China not Jealous of India-Iran Chabahar Port Deal: Chinese Media
| Girish Shetti | | May 29, 2016 04:49 PM EDT |
China is not at all "jealous" of the historic Chabahar port deal between India and Iran, a Chinese state-run newspaper Global Times said on Sunday.
Chinese Detergent Advert Sparks Racial Controversy Online
| Girish Shetti | | May 29, 2016 04:32 PM EDT |
A laundry detergent advertisement of Chinese company "Qiaobi" is currently causing outrage online. The advertisement is being widely dubbed as one of the most "racist advertisement" in recent times.
China Says Nanjing massacre Must be Remembered as Obama Visits Hiroshima
| Girish Shetti | | May 29, 2016 09:39 AM EDT |
In the wake of US President Barack Obama's historic visit to Hiroshima on Friday, Chinese Foreign Minister Wang Yi issued a statement that the Nanjing massacre committed by Japan in 1937 deserves as much attention as Hiroshima.
Japan to Offer 2 Patrol Ships to Sri Lanka to Counter China’s Growing Influence in Indian Ocean
| Girish Shetti | | May 29, 2016 09:12 AM EDT |
Japan on Saturday said that it will provide two patrol vessels to Sri Lanka to boost the latter's maritime security. The announcement was made after Japanese Prime Minister Shinzo Abe and Sri Lankan President Maithripala Sirisena held a bilateral meeting in Nagoya, Japan. The Sri Lankan President and Bangladesh Prime Minister Sheikh Hasina are currently in Japan to attend an outreach meeting held as part of the G7 Summit.
Italian Club AC Milan to be Acquired by Chinese Consortium
| Girish Shetti | | May 28, 2016 05:56 PM EDT |
A leading Chinese consortium has agreed to acquire a 70 percent stake in Italian football club, AC Milan. Speculations have been already rife for over a month that a Chinese consortium is closing in on a takeover of AC Milan, which is owned by former Italian Prime Minister Silvio Berlusconi.
China’s Construction Equipment Company Zoomlion Will no Longer bid for Terex Corporation
| Girish Shetti | | May 28, 2016 11:43 AM EDT |
Chinese construction equipment maker Zoomlion Heavy Industry Science & Technology Co. announced on Friday that it has given up on its pursuit to acquire US-based Terex Corporation. The proposed acquisition talks failed after six months of negotiations.
G7 Leaders Issue Strong Statement on South China Sea, China Says it is 'Immensely Disappointed'
| Girish Shetti | | May 28, 2016 07:29 AM EDT |
On Friday, the last day of the G7 Summit, the participating leaders issued a strong statement on the dispute in the South and East China Seas. Although no country was specifically mentioned, the statement is apparently directed towards China.
World Leaders Defy China, Discuss South China Sea Dispute at G7 Summit
| Girish Shetti | | May 27, 2016 12:50 PM EDT |
In clear defiance of China's demands, G7 leaders on Thursday discussed the contentious issues of South China Sea and East China Sea, which has escalated tensions in Western Pacific region. The discussion was initiated by Japan, who rejected China's request that the maritime territorial disputes are not discussed at the G7 Summit.
China Warns G7 Leaders to Refrain From Focusing on South China Sea Disoute
| Girish Shetti | | May 26, 2016 03:46 PM EDT |
China's Foreign Minister Wang Yi said on Thursday that he hopes G7 leaders will avoid escalating tension in the region by focusing on economic issues. Beijing's remark is seen as a veiled warning to G7 leaders to refrain from discussing the South China Sea and East China Sea dispute at the ongoing G7 Summit in Japan.
China’s Nuclear Weapon Supply to Pakistan Poses Security Threat to US and India: Senior US Congress Members Warns Obama
| Girish Shetti | | May 26, 2016 10:05 AM EDT |
Two senior members of the U.S. Congress have warned the Obama administration that China's supply of super sensitive nuclear weapons systems to Pakistan poses a serious security threat to the United States and Islamabad's arch rival India.
To Compete With Disney, Wanda Opens its First Outdoor Theme Park in Jiangxi Province
| Girish Shetti | | May 26, 2016 09:10 AM EDT |
Wanda Group is set to open its first outdoor theme park dubbed "Nanchang Wanda City" in Jiangxi province on Saturday. The opening of Wanda Group's ambitious outdoor theme park is perfectly timed ahead of the inauguration of the much-anticipated Disney Resort in Shanghai.
Taiwan Adamant on Passing ‘Supervisory Bill’ Before Resuming Trade Talks With China
| Girish Shetti | | May 26, 2016 07:31 AM EDT |
Taiwan's Economics Minister Lee Chih-kung said on Wednesday that Taiwan has not set any schedule for re-starting trade talks with China. He revealed that the Taiwanese government wants to first pass its controversial 'supervisory bill' before resuming the negotiations.
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