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Rex Tillerson Wants to Deny China Access to Islands and Reefs in the South China Sea

Rex Tillerson Wants to Deny China Access to Islands, Reefs in the South China Sea

Jan 12, 2017 06:14 AM EST

Incoming US president Donald Trump's pick for the position of secretary of state on Wednesday told the confirmation committee hearing that Washington should deny China access to the artificial islands, reefs, and shoals after the latter has built in the disputed South China Sea.

This is being taken as a signal that the economy is in strong position.

China Claims to Fuel ‘Weak’ Global Economy with its Growth

S. Rina |

Dec 27, 2016 08:51 PM EST

China is on track to meet its 6.5 percent to 7 percent growth rate target this year. This is being taken as a signal that the economy is in strong position. The strength of the Chinese economy is also likely to aid global economy, which is going through a rough phase.

U.S. Markets React To Historic 'Brexit' Vote In UK

China Believes Brexit Will Cast Shadow Over Global Economy, Heighten Uncertainty on Markets

Kat De Guzman |

Jun 27, 2016 01:42 PM EDT

Chinese experts have warned that Britain's exit (or Brexit) from the European Union (EU) would cast a shadow over the global economy as well as heighten uncertainties in markets all over the world.

Beijing: 'We Will not Devalue Yuan'

Carlos Castillo |

Jan 27, 2016 04:45 AM EST

The Chinese government has no plans to devalue the yuan, a high ranking Beijing official has said.

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

Carlos Castillo |

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.

China Will Shape World's Economy in 2016 - Experts

Carlos Castillo |

Dec 28, 2015 09:31 PM EST

"Be not afraid of growing slowly, be afraid only of standing still," goes an old Chinese proverb, and China's economy appears to be holding true to the adage as experts say it will, despite slower growth, continue to be a deciding factor in shaping fiscal policy and the movement of capital throughout the world in 2016.

Chinese Tourists Poised To Spend US$264B Yearly By 2019

Dino Lirios |

Mar 12, 2015 10:45 PM EDT

By 2019, Chinese tourists are expected to spend as much as US$264 billion per year, giving the global economy a potential boost.

EU and Australia-Led Group Urge India To Reconsider WTO Trade Deal

Christl Leong |

Jul 27, 2014 03:58 AM EDT

Following India's refusal on Thursday to sign a World Trade Organization (WTO) trade deal unless its concerns on food security were addressed, the European Union (EU) and a 25-country Australian-led group urged New Delhi to rethink its decision.

India Blocks WTO Deal, Potentially Damaging To Further Global Trade

Christl Leong |

Jul 25, 2014 03:43 AM EDT

India has blocked a World Trade Organization global customs deal on Thursday, a potentially damaging move that could result in losses both politically and economically, according to WTO members.