The US lodged an official complaint to China over new internet censorship rules in a rare intervention over internet freedom. China has ordered PC makers to include internet filtering software – known as Green Dam – with all PCs sold in China starting on July 1. Last week, China ordered Google to block access to [...]
The US and China will discuss North Korea in their highest-level bilateral military meeting in 18 months this week. US undersecretary of defense for policy Michele Flournoy will visit Beijing on Tuesday for two days of talks with Ma Xiaotian, deputy chief of the People Liberation Army’s general staff. It will be the first such [...]
China may make it easier for foreigners to invest in the mainland property sector in a bid to halt sliding foreign direct investment (FDI). A report in the Beijing newspaper China Times cited unnamed ministry sources as saying that the Ministry of Commerce had submitted 42 proposals to the State Council aimed at making approvals [...]
China National Chemical Corp (ChemChina), the mainland’s largest chemicals maker, has resumed bidding for Dow Chemical’s agricultural chemical unit. Dow restarted an auction for Dow AgroSciences, which could command a price of US$5-7 billion, pitting ChemChina against Monsanto and Switzerland’s Sygenta, the world’s biggest farm chemicals maker. Sources told the paper that the odds are [...]
Malaysia’s central bank could include yuan-denominated assets in its foreign exchange reserves as the declining value of the dollar has led to calls for a new global reserve currency. Bank Negara Malaysia could be the first central bank to buy Chinese government debt as a secure reserve, in what would be a symbolic milestone for [...]
European aircraft maker Airbus will deliver its first middle-distance aircraft to be entirely assembled in China on Tuesday. The A320 airplane, which was made at a factory in northern Tianjin, will be delivered to Dragon Aviation Leasing and will be flown by regional carrier Sichuan Airlines. Ten middle-distance A319/320 aircraft are expected to be delivered [...]
Premier Wen Jiabao said China should adopt a “moderately loose” monetary policy and that China’s economy is in a “key moment.” According to a statement published on government websites, Wen called for “proactive financial policies” during a trip to the northern province of Hebei. “We should focus on structural adjustments while maintaining economic stability and [...]
