Politics

Chinese Economy Grew by 6.8 Percent in the Fourth Quarter of 2016

Rina S.   | Jan 23, 2017 01:59 PM EST

China posted an unexpected surge in its growth rate during the fourth quarter of the previous year. Surpassing official estimates of 6.5 percent growth, the country's economy experienced a 6.8 percent growth. However, risks related to debt and asset price inflation persist. read more

China Ready to Take Tough Stance if Trade Tension With the US Escalates

S. Rina   | Jan 23, 2017 08:06 AM EST

China is gearing to retaliate if its trade ties with the United States takes a turn for the worse. US President Donald Trump has maintained his anti-China diatribe. China has taken a firm stand against Trump's rhetoric, which have touched upon subjects ranging from Taiwan sovereignty to currency manipulation. read more

Xi Should Reach out to Trump to Save Sino-US Relations: US Analysts

Desiree Sison   | Jan 22, 2017 08:15 AM EST

Chinese President Xi Jinping should reach out to the newly-installed US President Donald Trump "as early as possible" if he wants to save Sino-US relations, US experts said on Saturday, a day after Trump's inauguration. read more

China’s Anti-Corruption Campaign: Transparent and Accountable

Jenia Cane   | Jan 22, 2017 11:03 AM EST

China's anti-corruption campaign has proceeded without letup. Central government officials have briefed about 100 foreign envoys about its efforts to eliminate graft in the bureaucracy. 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

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’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

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

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

China Home Prices Surge But Show Signs of Stabilizing

Staff Reporter   | 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

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

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