Politics

IMF Upgrades China Growth Estimates, Making it the Fastest Growing Large Economy

S. Rina   | Jan 21, 2017 01:38 PM EST

The International Monetary Fund (IMF) has raised its forecast for the Chinese economy. A report released on Monday stated that China's economy is expected to grow by 6.5 percent during this year. This estimate is higher than previous estimates by 0.3 percent. read more

China Must Prepare for the 'Worst to Come' in its Relations With the US Under Trump: Expert

Desiree Sison   | Jan 21, 2017 07:28 AM EST

A Chinese expert has warned that there could be major confrontations between Beijing and Washington on the economic front after Donald Trump was sworn in as the 45th president of the United States on Friday. read more

Domestic Consumption Remains A Growth Driver for Chinese Economy; China General Chamber of Commerce In Upbeat

S. Rina   | Jan 21, 2017 01:55 AM EST

China is making a shift from manufacturing based economy towards consumption based economy. The country made impressive achievements in 2016 as domestic consumption emerged to be the primary growth driver for the economy last year. read more

China’s US Treasury Holding Declines for Sixth Month; Hits Lowest Level Since 2010

S. Rina   | Jan 20, 2017 09:53 AM EST

China continues to cut its US treasury holdings for the straight sixth month. It sold $66 billion worth of US debt in November, taking its holdings to the lowest level since 2010. China is currently taking steps to boost up its local currency. read more

China is Getting Ready to Fight Back if Trump Starts Trade War

Desiree Sison   | Jan 20, 2017 06:55 AM EST

China is preparing retaliatory measures it would take in the face of a possible trade war with the incoming administration of US President-elect Donald Trump. read more

China Home Prices Surge But Show Signs of Stabilizing

Jan 19, 2017 07:42 AM EST

China real estate showed tremendous growth in 2016 as the prices continued to surge. The rate of growth during the year was the fastest since 2011, raising the fears of a bubble. However, the growth rate stabilized in the month of December. read more

Trump Aide Scaramucci Sells SkyBridge Stake to Chinese Consortium

S. Rina   | Jan 19, 2017 07:12 AM EST

Trump backer Anthony Scaramucci announced that he plans to sell his hedge fund SkyBridge to a Chinese consortium. Scaramucci has been picked by president elect Donald Trump as his new public liaison to government agencies and businesses and an adviser. read more

Philippines President Duterte to Visit China Again in May: Report

Girish Shetti   | Jan 19, 2017 05:59 AM EST

Philippines President Rodrigo Duterte will once again visit China after his historic visit to the country in October last year. This time, the Filipino leader would be coming to China to attend a multilateral summit that will be held in May. read more

Former Fed Chief Ben Bernanke Slams Trump’s View on Yuan

S. Rina   | Jan 16, 2017 08:19 PM EST

Ben Bernanke opined that the President-elect Donald Trump's views on Chinese yuan do not "fit with reality," He rubbished Trump's claim that China manipulates the value of its currency. Bernanke had served as the chief of the Fed between 2006 and 2014. read more

China to Set Up ADIZ in South China Sea if US Attempts to Block Beijing's Access to Islands: Analysts

Desiree Sison   | Jan 13, 2017 05:27 AM EST

Chinese analysts expressed doubt that the US can carry through US secretary of state nominee Rex Tillerson's suggestion that Washington should prevent China from accessing its artificial islands in the South China Sea. read more

China Pushes to Keep Foreign Exchange Regulations a Secret: Reuters

S. Rina   | Jan 12, 2017 08:39 PM EST

In an exclusive report, Reuters claimed that Chinese banking regulators are pushing financial institutions to keep foreign currency regulations a secret. These regulations are primarily concerned with curbing the flow of capital outside the country. read more

Italian Prime Minister Paolo Gentiloni Recovering from a Heart Procedure

Frances Diana Roullo   | Jan 12, 2017 07:20 AM EST

Italian Prime Minister Paolo Gentiloni underwent a "completely successful" minor heart procedure at a Rome hospital, local media reported on Wednesday. read more

China Disciplinary Body Speaks on 2017 Plans to Curb Corruption

Steve M.C.   | Jan 09, 2017 10:16 AM EST

The Central Commission for Discipline Inspection (CCDI) on Sunday issued a press release statement saying that more efforts will be put to do away with corruption in 2017 as it prepares for the 19th CPC National Congress to be scheduled later this year. read more

Donald Trump’s Son-in-Law Jared Kushner Looks to Strike Chinese Real Estate Deal

S. Rina   | Jan 09, 2017 07:51 AM EST

Despite president elect Donald Trump's anti-China rhetoric, his son-in-law Jared Kushner is reported to be mulling a deal with a Chinese business tycoon. The rumored negotiation is likely to take its toll on Donald Trump's upcoming inauguration proceeds. read more

US Expresses Concerns over China Semiconductor Policy

S. Rina   | Jan 09, 2017 04:14 AM EST

The Obama administration released a report issuing a warning about the impact of Chinese industrial policy on the US chip market. The report, released on Friday, called for more thorough scrutiny of Chinese policies, which may put the US national security at risk. read more

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Editor’s Pick

IMF Upgrades China Growth Estimates, Making it the Fastest Growing Large Economy

The International Monetary Fund (IMF) has raised its forecast for the Chinese economy. A report released on Monday stated that China's economy is expected to grow by 6.5 percent during this year. This estimate is higher than previous estimates by 0.3 percent. read more

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