Tag Archives: Chinese

Vancouver summit on N. Korea failed to provide alternative to Russian & Chinese proposals – Moscow

The joint US-Canada summit is just a “heavy-handed attempt” to undermine the decisions of the UNSC, Russia’s Foreign Ministry has said. It added that the meeting failed to provide an alternative to the Russian-Chinese initiative. Read more Participants at the Vancouver summit failed to provide any alternative to the existing Chinese-Russian roadmap for easing the Korean knot, the ministry said ...

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Chinese credit agency puts US sovereign rating on par with Turkmenistan

One of the largest ratings firms in China, Dagong Global Credit Rating, has cut the US sovereign rating from A- to BBB+. That puts the American economy on par with Peru, Colombia and Turkmenistan. “Deficiencies in the current US political ecology make it difficult for the efficient administration of the federal government, so the national economic development derails from the ...

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Germany to include Chinese yuan in currency reserves

Germany’s central bank has decided to add the Chinese currency to its foreign exchange reserves, according to Bundesbank board member Andreas Dombret. The move could further boost the international status of the yuan. Read more Speaking at a finance forum on Monday, he said the decision was taken last year after the European Central Bank (ECB) switched €500 million ($ ...

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Space rocket booster drops from sky & explodes near Chinese town (VIDEOS)

A rocket booster fell from the sky and exploded near a small town in southwest China following the launch of the country’s Long March 3B rocket. The strap-on booster was one of four making up the first stage of the rocket that launched two satellites into orbit on Friday. People living in the town of Xiangdu, located near China’s Guangxi ...

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Chinese bitcoin miners consider setting up in energy-rich Canada

The mounting pressure by Chinese authorities on the country’s cryptocurrency industry is forcing mining companies to look for alternatives, and Canada is one of the preferred hot spots. Read more Bitmain Technologies, the operator of some of the largest mining farms in China, is among several companies looking to expand overseas. The company’s spokesman, Nishant Sharma, told Reuters that it ...

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France’s Macron on Chinese charm offensive with trade imbalance, African security on table

French President Emmanuel Macron is on a three-day visit to China, where he is seeking Beijing’s support on a number of issues. These include a bilateral trade deficit, African security, and global climate change. Macron has found himself in Europe’s foreign-policy driver’s seat with two other leading powers, the UK and Germany, currently distracted by domestic issues. While London has ...

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Body found on burning Iranian oil tanker off Chinese coast

Published time: 8 Jan, 2018 09:12 Edited time: 8 Jan, 2018 09:46 A body has been found on an Iranian oil tanker, which earlier collided with a cargo ship off the eastern coast of China and caught fire, officials said. Dozens of crew members from the tanker remain missing after the collision. The body was sent to Shanghai for identification, ...

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32 people missing after 2 ships collide off Chinese coast

Published time: 7 Jan, 2018 04:04 Edited time: 7 Jan, 2018 05:30 Two vessels have collided off the eastern coast of China, according to reports in Chinese media. Search and rescue operations are underway for 32 people who went missing in the collision. The collision between the Panama-registered oil tanker “SANCHI” and Hong Kong freighter “CF CRYSTAL” happened at around ...

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Chinese game streaming platform Chushou raises Series D, adds Google as investor

Google has added Chinese mobile game livestreaming platform Chushou to its list of investments in Asia. The Beijing-based startup announced today that it has closed a Series D round, which Google joined as a new investor, that brings its total funding so far to over $ 120 million. Chushou’s previous investors Qiming Venture, Shunwei Capital and Alpha X Capital, also ...

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Pakistan brings Chinese yuan on par with US dollar for investment & trade with Beijing

Published time: 4 Jan, 2018 15:22 Pakistani companies have been given a green light to use the Chinese yuan in trade with Beijing, which could potentially sideline the US dollar and other currencies used there. The move coincides with a US-Pakistan aid row. The State Bank of Pakistan (SBP) said it “has taken comprehensive policy-related measures to ensure that imports, ...

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