News@ChinabyNumbers

Central Bank governor Zhou Xiaochuan on Sunday said that China will tighten controls on cross-border capital flows in a bid to stave off disruptions arising from the global financial crisis. In a speech delivered to lawmakers, Zhou said the government should not underestimate the impact of the crisis on China as the mainland’s reliance on [...]

China canceled a series of military and diplomatic contacts with the US after American officials announced on Friday a US$6.5 billion arms sale to Taiwan. Cancellations include a visit to the US by a senior Chinese general, port calls by naval vessels, cooperation on meetings regarding weapons of mass destruction, and humanitarian assistance and disaster [...]