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Articles Archive for June 2017

Business, China, Headline »

[30 Jun 2017 | No Comment | ]

By PAUL MOZUR and CECILIA KANG in The NY Times online, JUNE 29, 2017
When President Trump talked tough about China’s economic impact on America during the campaign, he criticized its trade policies and its approach to its currency.
Yet one of the first pieces of legislation under the Trump administration that could have a major impact on the economic relationship between the two countries centers on something different: Chinese deal making in the United States.
White House officials and a group of lawmakers on both sides of the aisle are pushing for …

Business, China, Headline »

[30 Jun 2017 | No Comment | ]

by Zhenhua Lu, US correspondent in South China Morning Post, June 30, 2017
Zhenhua Lu, US correspondent
The US will impose unilateral sanctions on one Chinese bank, two individuals and one shipping company over their alleged “illicit financing” and “continued support” of North Korea’s nuclear and ballistic missile programmes, US Treasury Secretary Steven Mnuchin announced on Thursday at the White House.
The US Treasury has identified the Bank of Dandong “to be a foreign financial institution of primary money-laundering concern”, serving as “a gateway for North Korea to access the US and international …

China, Featured »

[30 Jun 2017 | No Comment | ]

by Frank Tang in South China Morning Post, June 30, 2017
Beijing is redoubling its efforts to lure foreign investors by promising them easier market access and fairer treatment after inbound foreign direct investment fell for a second straight year and the Trump administration launched a plan to lure businesses back to the US with lower tax rates.
In the last two weeks, the Chinese government has shortened the list of sectors that are off-limits to foreign investors to “less than 100 items” in designated free trade zones; the commerce ministry …

China, Featured »

[30 Jun 2017 | No Comment | ]

Reuters report in South China Morning Post, June 30, 2017
China’s manufacturing grew at the quickest pace in three months in June, buoyed by strong new orders in a sign of stabilising growth, although analysts expect a further slowdown in the world’s second-biggest economy is inevitable as Beijing cracks down on debt risks.
The surprising strength in the vast manufacturing sector defied expectations for a cooling, thanks to robust external demand that underscored why global central banks were confident enough to switch gears to a more hawkish stance.
The official manufacturing Purchasing Managers’ …

China, Headline »

[30 Jun 2017 | No Comment | ]

By Reuters in The Express Tribune, June 30, 2017
China has built new military facilities on islands in the South China Sea, a US think tank reported on Thursday, a move that could raise tensions with Washington, which has accused Beijing of militarizing the vital waterway.
The Asia Maritime Transparency Initiative (AMTI), part of Washington’s Center for Strategic and International Studies, said new satellite images show missile shelters and radar and communications facilities being built on the Fiery Cross, Mischief and Subi Reefs in the Spratly Islands.
The United States has criticized China’s …

CPEC, Featured, PAK-CHINA TIES »

[29 Jun 2017 | No Comment | ]

by Uzair M. Younus in Dawn, June 29th, 2017
The writer is a South Asia analyst at Albright Stonebridge Group in Washington D.C.
IN recent months, several insightful analyses have been written about the China-Pakistan Economic Corridor (CPEC), raising pertinent questions about the lack of transparency around Chinese investments. This being Pakistan, questions were also raised about the patriotism and loyalty of those raising valid issues. An op-ed by a minister went so far as to claim that “China has never invaded any country nor harboured any imperial designs”.
The truth is that …

China »

[29 Jun 2017 | No Comment | ]

By Zhang Hui in Global Times, June 28, 2017 at 20:43:39
The resignation of a former deputy commander of the People’s Liberation Army’s (PLA) Rocket Force as a lawmaker over suspected violations of law and discipline, the latest case involving a high-ranking military official, shows the military is moving to eliminate the bad influence of former disgraced Central Military Commission (CMC) vice-chairmen, Guo Boxiong and Xu Caihou, experts said.
The reason for Wang Jiurong’s resignation as deputy of National People’s Congress (NPC) was disclosed Tuesday in the WeChat account of the official …

CPEC, Featured, PAK-CHINA TIES »

[28 Jun 2017 | No Comment | ]

Reuters report in The Nation online, June 28, 2017 at 9:06 am
Pakistan faces some challenges in steering an ambitious plan to build an economic corridor with China despite the economic benefits for the country, Planning Minister Ahsan Iqbal said on Wednesday.
China has promised $57 billion in investment in projects along the China-Pakistan Economic Corridor, part of its ambitious Belt and Road plan linking China with the Middle East and Europe.
Chinese President Xi Jinping proposed the Belt and Road project in 2013, but it is still short on specifics.
“There are a …

China, Headline »

[28 Jun 2017 | No Comment | ]

China released Tuesday an emergency response plan for Internet security incidents.
The plan was formulated and released by the Office of the Central Leading Group for Cyberspace Affairs, to “improve handling of cybersecurity incidents, prevent and reduce damage, protect the public interest and safeguard national security, public safety and social order.”
The plan divides cyber security incidents into six categories, including pernicious procedural incidents, cyber attacks and information security incidents.
It also defines four-levels of security warnings and response systems according to threat conditions ranging from “general” to “extremely …

China, Headline »

[28 Jun 2017 | No Comment | ]

Xinhua report in Global Times, June 27, 2017 at 17:23:05
China and Kyrgyzstan frontier forces on Tuesday held a joint anti-terrorist exercise in Kizilsu Kirgiz Prefecture, Xinjiang Uygur Autonomous Region, in northwest China.
The drill, carried out under the framework of the Shanghai Cooperation Organization (SCO), was witnessed by representatives from Kazakhstan, China, Kyrgyzstan, Russia, Tajikistan and Uzbekistan, all the SCO member countries.
A total of 700 police officers from the two countries, aided by armored vehicles, were involved in the drill.
Chen Dingwu, head of the border management administration under …