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Rina S.

Typhoon Meranti Batters Southern China and Taiwan

Sep 16, 2016 08:53 AM EDT

Typhoon Meranti has hit southeastern China after causing devastation in Taiwan. The typhoon led to torrential rainfall and heavy winds in southeastern China. It also pulled out trees and interrupted power supply. The powerful typhoon made landfall in southeastern China at 3 a.m. on Thursday. It is expected to proceed to move inland.

Chinese Premier to visit Canada and Cuba, attend UN Conference

China's Premier Li to visit Canada and Cuba, Attend UN Conference

Rina S. |

Sep 16, 2016 07:55 AM EDT

Chinese Premier Li Keqiang has been invited by UN Secretary-General Ban Ki-moon to attend the 71st session of the United Nations General Assembly. Li would also be visiting Cuba and Canada. China's Foreign Ministry spokesperson Hua Chunying said the trip would last from Sept. 18 to 28.

US ‘surprised’ at China’s influence over Australia

US ‘Surprised’ Aboutt China’s Influence in Australia

Rina S. |

Sep 15, 2016 12:35 PM EDT

In an interview, the outgoing US ambassador to Australia John Berry said that the US is "surprised" about China's influence in Australian politics. Berry's statement comes after Australian Labor Senator Sam Dastyari resigned from the opposition frontbench last week after admitting to taking money from an education company linked to China. However, he did not break any law doing so.

US Files WTO Case Against China Over Farm Subsidies

Rina S. |

Sep 15, 2016 12:25 PM EDT

The US is mounting pressure on China after filing a complaint with the World Trade Organization (WTO) over subsidies provided to wheat, corn, and rice farmers.

China reported record drop in its crude oil production for the month of August.

China's Crude Oil Production Drops to 6-Year Low

Rina S. |

Sep 14, 2016 03:39 PM EDT

China reported a record drop in its crude oil production for the month of August. According to the National Bureau of Statistics, the country's production fell by 9.9 percent from a year ago to 16.45 million tons. The fall main comes due to state energy companies pumping less oil from high-cost fields.

China reported robust numbers for its industrial output, fixed asset investment and retail sales in the month of August.

China Posts Strong Economic Data for August

Rina S. |

Sep 14, 2016 03:28 PM EDT

China reported robust numbers for its industrial output, fixed asset investment, and retail sales in the month of August.

China has been urged to take steps about unchecked expansion of its housing market.

People’s Bank of China Warns About ‘Housing Bubble’

Rina S. |

Sep 13, 2016 12:57 PM EDT

China has been urged to take steps to control the unchecked expansion of its housing market. People's Bank of China economist Ma Jun said that there is a need to curb excessive investment flowing into the real estate sector. He noted that a third of the financial system leverage generated in China over the past decade resulted from housing price increase.

China Cautioned Against low Grade Infrastructure Investments

Rina S. |

Sep 13, 2016 11:43 AM EDT

Low-quality infrastructure investments may cause severe damage to China's economy and that of the globe. According to a study conducted by the Said Business School, more than half of the infrastructure investments made in China destroyed economic value rather than creating it.

Jack Ma spoke at the opening ceremony of the 13th China-ASEAN Expo on Sunday

Alibaba Looks to Increase Investment in ASEAN

Rina S. |

Sep 12, 2016 12:10 PM EDT

E-commerce giant Alibaba is planning to boost its presence in member countries of the Association of Southeast Asian Nations (ASEAN).

13th China-ASEAN Expo Kicks-off in Nanning

Rina S. |

Sep 12, 2016 12:03 PM EDT

The city of Nanning in Guangxi province is hosting the 13th China-ASEAN Expo as well as the China-ASEAN Business and Investment Summit.

China and Russia will start their joint naval drill in South China Sea on Monday.

China and Russia to Hold Joint Naval Drill in South China Sea From Monday

Rina S. |

Sep 11, 2016 04:22 PM EDT

China and Russia would start a joint naval drill in the South China Sea on Monday. The exercise is expected to last over eight days and has been named "Joint Sea-2016."

China is planning to control its coal production in order to contain environmental pollution in the country.

China to Slash Coal and Steel Capacity in 2016

Rina S. |

Jun 27, 2016 02:31 PM EDT

China is planning to cut its coal production to contain environmental pollution in the country. It is also looking to weed out 'zombie' companies operating in the main polluting industries.

China reported that it has halted a communication mechanism with Taiwan.

China Cuts a Communication Link With Taiwan

Rina S. |

Jun 26, 2016 04:36 AM EDT

China reported that it has halted a communication mechanism with Taiwan. The measure has been taken as a response to the failur of Taiwan's new government to affirm the "One-China" principle.

Chinese president Xi Jinping said that Chinese company invested close to $15 billion in various countries constituting Silk Road Initiative.

President Xi Says Chinese Companies Invested $15 Billion in new Silk Road in 2015

Rina S. |

Jun 24, 2016 01:23 PM EDT

Chinese President Xi Jinping has revealed that Chinese company invested close to $15 billion in various countries that are part of the Silk Road Initiative in 2015. The total investment is 20 percent higher than the figure in 2014. Xi noted that Silk Road Initiative is a key component of China's foreign policy.

McDonald’s Corp has received multiple bids for its stores in China and Hong Kong.

McDonald’s Receives Bids for China Stores

Rina S. |

Jun 23, 2016 04:01 AM EDT

McDonald's Corp has received multiple bids for its stores in China and Hong Kong. The offers have come from ChemChina, Beijing Tourism Group, and Sanpower.