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China’s banking system risks facing crisis: IMF
Dec 07, 2017 09:53The International Monetary Fund (IMF) has claimed that China risks facing a growing debt-dependency in its banking system, urging Beijing to increase its capital buffers to protect against a possible “financial crisis.”
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China warns against escalation on Korean Peninsula
Dec 06, 2017 15:11Chinese authorities have again warned against moves that could escalate the crisis on the Korean Peninsula, saying parties to the conflict should avoid actions that add to the already simmering tensions in the region.
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Iran-China traders agree to sideline US dollar
Dec 05, 2017 13:20Senior officials of Iran and China laid emphasis on reducing the role of the US dollar in their bilateral trade.
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Europe falling behind China over Iran’s investments
Dec 04, 2017 01:27Indications are growing that China is already cementing its foothold in the Iranian economy through a heavy campaign of investments in the country’s infrastructure projects.
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CKTI nations seal deal to boost rail traffic
Nov 29, 2017 03:18China, Kazakhstan, Turkmenistan and Iran have signed an agreement to increase the volume of cargoes shipped through the four countries to international markets by rail.
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China denies role in Zimbabwe’s power transition
Nov 27, 2017 15:01China’s Foreign Ministry has denied playing a role in the recent political developments in Zimbabwe that led to the ouster of long-time ruler Robert Mugabe.
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BRICS to form own gold trading system
Nov 26, 2017 11:52Russia has unveiled a plan based on which the BRICS countries – Brazil, Russia, India, China and South Africa – will create a single gold trading system. The move is already seen as part of a campaign led by Russia and China to move away from the US dollar in international trade.
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Huge blast at China factory kills at least 2
Nov 26, 2017 10:48A powerful blast in a Chinese city south of Shanghai brought down buildings and killed at least two people while injuring many others, state media reported, with police saying the cause had still to be determined.
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China further develops new navigation satellite system
Nov 24, 2017 05:42China has further developed an advanced navigation satellite system, called Beidou, which can be used in search and rescue missions.
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China challenging US position in Pacific region: Australia
Nov 23, 2017 09:50Australia has called on the United States to further increase its engagement in the Indo-Pacific region, warning of China’s growing influence.