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China's Long March-7 Rocket Nears Completion, to Transport First Space Cargo

Nov 02, 2016 01:57 AM EDT

China is expecting its second Long March-7 to be completed as early as January next year, Wang Xiaojun, chief commander of China's Long March-7 program, revealed on Sunday as reported by CRI English.

Lufthansa And Airbus Present New A350 Passenger Plane

Airbus: China's Aircraft Demand to Reach Nearly $1 Trillion in 20 Years

Charissa Echavez |

Nov 01, 2016 09:30 PM EDT

Aircraft maker Airbus Group revealed on Tuesday its 20-year forecast for China's aircraft demand, with the country estimated to need about 6,000 aircraft worth $945 billion, the company said at the Zhuhai air show.

In this handout image supplied by Host photo agency / RIA Novosti, Ka-27PL helicopters during a rehearsal of the military parade to mark the 70th anniversary of Victory in the 1941-1945 Great Patriotic War, May 7, 2015 in Baltiysk, Russia.

Airshow China 2016: Russian Helicopters to Sell 18 Choppers to China

Charissa Echavez |

Nov 01, 2016 08:49 PM EDT

Russian Helicopters, a subsidiary unit of Russia's state technology holding Rostec, has closed a deal with China, selling at least 18 helicopters including Mi-171s, Ka-32s, and Ansat.

US Deployment of Radar Spy Ship off North Korea Pissing-off China and Russia; Raises Specter of another USS Pueblo Incident

Arthur Dominic Villasanta |

Nov 01, 2016 07:58 PM EDT

It might also provoke North Korea into attacking this ship.

OPPO Find 9 Could be Released Summer of Next Year Reveals Analyst

Oppo Takes Top Spot in Chinese Smartphone Market; Apple Drops to 5th Place

Phenny Lynn Palec |

Nov 01, 2016 11:02 AM EDT

Two Chinese smartphone manufacturers are capitalizing on the ongoing decline of Apple's sales output in the Chinese smartphone market. International research firm IDC recently released a report showing that Oppo topped the Chinese smartphone market, closely followed by Vivo.

The index measures large state-owned corporations. (Pixabay)

China Reports Strong Caixin Manufacturing Data for October

S. Rina |

Nov 01, 2016 10:22 AM EDT

China reported its official Purchasing Managers' Index (PMI) at 51.2 for the month of October.

Australia, Indonesia Conduct Joint Patrols in Contested South China Sea

Desiree Sison |

Nov 01, 2016 07:43 AM EDT

Invoking the 'freedom of navigation' principle. Australia has accepted Indonesia's request for joint naval patrols in the disputed South China Sea.

Chinese funding project estimated to cost US$ 104.3 million, Lotus Tower stands over the lake on October 15, 2015 in Colombo, Sri Lanka.

Sri Lanka to Sell 80% Hambantota Port Stake to a Chinese Firm

Charissa Echavez |

Nov 01, 2016 06:50 AM EDT

Sri Lanka is set to sell an 80 percent stake of its Hambantota port in its south to a Chinese company, an attempt to cut its debt burden, Ravi Karunanayake, the country's finance minister, said.

Chinese smartphone maker OnePlus believes India will surpass China as its world’s largest market as early as next year.

OnePlus: India to Beat China as Biggest Market in 2017

Charissa Echavez |

Nov 01, 2016 01:14 AM EDT

Chinese smartphone maker OnePlus sees India to surpass China as its world's largest market as early as next year, Pete Lau, the company's CEO, told TOI.

Tourists come to look at the rime scenery on an island along the Songhua River on January 10, 2016 in Jilin City, Jilin Province of China.

China Anticipates Coldest Winter since 2012

Charissa Echavez |

Oct 31, 2016 11:36 PM EDT

The coldest winter since 2012 is coming in China, particularly the northeastern and northwestern parts of the country, meteorologists said on Monday.

In the coming years, China may see slight sluggishness in the rate of growth as its economy reaches maturity stage.

China to Continue Contributing About 30% to the Global Economy

S. Rina |

Oct 31, 2016 09:31 PM EDT

China is expected to continue contributing nearly 30 percent of the global economy for the next five years.

UnionPay announced that its mainland customers may not be able to use their UnionPay credit card for purchasing insurance products from abroad.

China’s UnionPay Bans Credit Card Payment for Overseas Insurance Products

S. Rina |

Oct 31, 2016 09:17 PM EDT

UnionPay announced that its mainland customers may not be able to use their UnionPay credit card for purchasing insurance products from abroad.

Egypt struck a currency swap deal with China.

Egypt Reaches Currency Swap Deal With China, may Obtain IMF Loan

S. Rina |

Oct 31, 2016 02:54 PM EDT

Egypt struck a currency swap deal with China. The deal is expected to be worth $2.7 billion and is expected to boost Egypt's bid for $12 billion International Monetary Fund (IMF) loan.

Aircraft are seen at the Beijing Capital International Airport on November 23, 2015 in Beijing, China.

China Now Welcomes Private Capital for Civilian Airport Market

Charissa Echavez |

Oct 31, 2016 06:18 AM EDT

China's civilian airport market has now been made fully accessible to private capital after the national aviation authority issued on Sunday sweeping rights-granting guidelines, official media reported.

China’s Shanghai Electric Power firm will buy a $1.77 billion controlling stake in Pakistan's K-electric.

Shanghai Electric Acquires Controlling Stake in Pakistan's K-Electric

Charissa Echavez |

Oct 31, 2016 05:45 AM EDT

China's Shanghai Electric Power firm will buy a $1.77 billion controlling stake in K-electric, Pakistan's largest and only vertically integrated power utility, the Abraaj Group announced on Sunday.