Beijing, Saudi Arabia agreed to more oil exports to China
China and Saudi Arabia will increase their cooperation in the oil sector, including in Saudi oil exports to China, the two countries said in a joint communique issued today at the end of Saudi Arabian King Salman’s visit to Beijing. The world’s largest oil exporter has been looking to cement ties with the world’s second-largest […]
China Will Replace All 67,000 Fossil-Fueled Taxis In Beijing With Electric Cars
Taxis are the bane of all urban areas. Typically, they are poorly made, poorly maintained, and spew tons of carbon dioxide into the air every day as they shuttle people from place to place. Beijing has nearly 70,000 taxis. It also has an intractable problem with smog. While it has embarked on an aggressive program […]
China warns Trump he is facing a ‘head-on collision’ with North Korea
The United States and North Korea are racing towards a catastrophic “head-on collision”, China’s foreign minister has warned, amid Chinese fury at America’s deployment of a controversial anti-missile system. Speaking in Beijing on Wednesday, Wang Yi said a “looming crisis” was brewing on the Korean peninsular. Wang scolded Pyongyang for ignoring international opposition to its […]
Trump calls China’s bluff on a naval arms race in the South China Sea
As China’s parliament, the National People’s Congress, meets this week in Beijing, one problem is on everyone’s mind: China’s surging levels of government and private sector debt. For the past two years, China has been floating its economy on a massive wave of deficit spending. State-owned firms, state-owned banks, local governments, and the central government itself […]
North Korea tells lone ally: ‘Back off, shut up, leave us alone’
So when its state-run news agency appeared to lash out at key supporter China — alleging it was “dancing to the tune of the U.S.” — it raised eyebrows. The ties between Pyongyang and Beijing run deep, with the relationship characterized by some former Chinese leaders as “close as lips and teeth.” “China is North […]
United States deploys carrier USS Carl Vinson to contentious South China Sea
The United States deployed aircraft carrier USS Carl Vinson to patrol the increasingly contentious South China Sea, despite Beijing’s warnings not to challenge its sovereignty in the resource-rich sea. The Navy described Saturday’s launch as the beginning of “routine operations” in the South China Sea. China claims most of the sea as its own, despite overlapping […]
China Tells India To Stay Off Its Indian Ocean ‘Colony,’ Sri Lanka
After claiming South China Sea to be its own sea, telling America to stay off its islands, China is reaching for the Indian Ocean, telling India to stay off its own colony, Sri Lanka. That’s something investors in Southeast Asian markets should keep a wary eye on, as it opens yet another front between the […]
RwandAir, Wirecard Deal to Ease Booking, Ticket Payment
Travellers with RwandAir will now find it easier to book and pay for flights online following a deal signed with European firm, Wirecard Group, to facilitate the process. Wirecard is one of the world’s leading providers of electronic payment solutions. John Mirenge, the RwandAir chief executive officer, said the deal is in line with the […]
China Plans ‘Toilet Revolution’ to Boost Tourism
China said it will boost investment in tourism, with plans to develop rustbelt regions and upgrade public toilets high on its to-do list as it looks to lift the sector’s contribution to economic growth. Announcing a new plan for the sector, China said it aims to invest 2 trillion yuan ($290 billion) in tourism between […]
China websites block searches for ‘Fatty Kim the Third’ saying it did not approve of ridiculing foreign leaders
Chinese websites have again blocked searches for “Fatty Kim the Third”, as many Chinese mockingly call North Korean leader Kim Jong Un, with China’s foreign ministry saying it did not approve of ridiculing foreign leaders. Chinese internet users began reporting last week that searches on the Twitter-like microblogging site Weibo and search engine Baidu for […]
