CHINA US Focus - Perspectives shaping the world's most important bilateral relationship

WASHINGTON, May 9 (Xinhua)– The U.S. Federal Reserve announced Wednesday its approval of China's largest bank to purchase a U.S. bank and two other large Chinese banks to expand their business in U.S. banking market. The Fed said in a statement that it has approved the Industrial and Commercial bank of China Limited, China's largest [...]

A vow to boost oil and gas exploration in the South China Sea accompanied the launch of the country’s first domestically manufactured deepwater drilling rig. The semi-submersible Haiyangshiyou 981, with an operating water depth of 3,000 meters, drilled its first well on Wednesday. The well, Liwan 6-1-1, is located 320 kilometers to the southeast of [...]

The water that flows from the Xiang River and into faucets of residents has been tainted from the source for decades. The central government classified the water as toxic in the1980s and water experts say the river's water is so concentrated with cancer-causing heavy metals that regular treatment systems have collapsed. On the banks of [...]

CHINA yesterday urged the Philippines not to further damage bilateral relations, and expressed the country's willingness to jointly explore gas resources in waters off the Nansha Islands in the South China Sea. Foreign Ministry spokesman Hong Lei made the remarks at a routine press briefing when asked about whether China believed that the Huangyan Island [...]

Exchanges and cooperation between China, Japan and South Korea have become more frequent and closer since the beginning of the 21st century, delivering tangible benefits to the peoples of the three countries, says a white paper published Wednesday. "After more than 10 years of development of the cooperation, the three countries have instituted an increasingly [...]