China

China Says Total Overseas Development Aid Tops $58 bln

BEIJING, Dec 1  – China has given around 400 billion yuan ($58.01 billion) in development aid to 166 countries and international organisations over the past six decades, the government said on Thursday, less than the European Union and its members gave for just last year. China only began offering details of its foreign aid, which

[ Read More ]

Religious Extremism is Spreading to Inland China – Official

BEIJING, Nov 28 – Religious extremism has begun to spread to inland China from its western Xinjiang region, long considered by the government to be at the forefront of its efforts to battle Islamist separatists, the country’s top religious affairs official said. China says it faces a serious threat from Islamist militants in Xinjiang, which

[ Read More ]

U.N. Close to Sanctions Deal to Slash N. Korea Export Earnings -Diplomats

Nov 25 – The U.N. Security Council’s five veto powers are close to approving new sanctions on North Korea to cut the isolated state’s earnings from exports by more than a quarter, principally by targeting its coal exports to China, diplomats said on Friday. The U.S.-drafted resolution, in response to North Korea’s fifth nuclear test

[ Read More ]

China says Would Consider Turkey Membership of Security Bloc

BEIJING, Nov 21 – China is willing to consider any application from NATO-member Turkey to join a Russian and Chinese-led security bloc, China’s Foreign Ministry said on Monday, after Turkish President Tayyip Erdogan said his country could join. China, Russia and four Central Asian nations — Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan — formed the Shanghai

[ Read More ]

Asian Export Nations Wary Dollar Boost Gives Trump Pretext to Beat Them

By Tetsushi Kajimoto and Cynthia Kim TOKYO/SEOUL, Nov 20 – Asian currency policymakers are worried that the strengthening of the dollar on expectations of U.S. President-elect Donald Trump’s fiscal policies could be used by his administration as a stick to beat them with on trade protectionist grounds. China, Japan, South Korea and Taiwan are already

[ Read More ]

The U.S. at a Crossroad

It wasn’t Donald Trump’s victory, but rather Hillary Clinton’s loss. By Steen Jakobsen  Like Brexit, the U.S. vote was never about personalities or issues. Had the ìissuesî meant anything to U.S. voters, neither Clinton nor Trump would have made it to the ticket in November. The very fact that someone like Donald Trump could lead

[ Read More ]

Most Child Deaths Concentrated in Ten Asian, African Nations: Study

By Beh Lih Yi KUALA LUMPUR – Sixty percent of the world’s 5.9 million children who died before their fifth birthday last year were in 10 countries in Asia and Africa, said a study published on Friday, prompting calls for action to reduce the mortality. The study published in The Lancet medical journal said the

[ Read More ]

World Food Prices Edge Up in October: FAO

By Isla Binnie ROME, Nov 10 – World food prices edged up in October to continue an upward trend since January, the United Nations food agency said on Thursday, adding that prospects for global cereal output had improved. Barring a slight dip in July, the Food and Agriculture Organization’s (FAO) food price index has steadily

[ Read More ]

China’s Shanghai Electric to Buy $1.77 Bln Stake in Pakistani Power Company

By Syed Raza Hassan KARACHI, Pakistan, Oct 30  – China’s Shanghai Electric power company will buy a controlling stake in K-Electric, a power generation and distribution company in Pakistan’s largest city, for $1.77 billion, K-Electric’s parent company announced in a statement on Sunday. Dubai-based Abraaj Group said it had entered into a definitive agreement with

[ Read More ]