BEIJING, June 3 (Xinhua) — Chinese Vice President Xi Jinping on Sunday encouraged people-to-people exchanges and cooperation between China and the United States. "People-to-people exchanges form a significant foundation to boost the China-U.S. cooperation, and also an important part of establishing a new type of relationship between China and the United States," Xi said. Xi [...]
Despite the United States claiming that its naval shift to the Asia-Pacific is not designed at containing China, Washington's strategy needs closer attention amid a tense maritime situation, analysts said. The US will reposition its naval forces so that 60 percent of them will be in the Pacific by 2020, US Defense Secretary Leon Panetta [...]
AN oceanographic ship carrying China's manned deep-sea submersible, the Jiaolong, left the eastern port city of Jiangyin yesterday for the Mariana Trench to attempt the world's deepest manned submersible dive. The submersible, named after a mythical sea dragon, will dive 7,000 meters below the surface of the Pacific Ocean between mid-June and early July. Oceanauts [...]
China's economic management overly relies on juicing up confidence and encouraging speculation on the expectation of a brighter future. The demand from the confidence game leads to excessive demand for debt to finance holdings of speculative assets like land and commodities. Properties under construction, sold vacant properties and the inventories of commodities like steel and [...]
The Communist Party of China's (CPC) disciplinary body last week announced its latest victory in the fight against corruption, declaring that efforts to tighten the net on "naked" officials – or those who remain in the country while their spouses and children live abroad – had yielded success. "A number of officials who have attempted [...]
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