Philippine President Benigno Aquino said he’s open to an agreement with China that would allow companies to exploit oil and gas resources while the governments separately resolve South China Sea border disputes. Aquino said his administration may split the issues to “have a political discussion on one side” and “have commercial issues on another [...]
China sales by Japan's Toyota Motor Corp (7203.T) and its two local joint-venture partners rose 68 percent in April from a year earlier to about 81,700 vehicles, according to a company spokesman. For the first four months of the year, the Japanese auto maker sold a total of about 293,200 vehicles, a 14.3 percent [...]
A $1 trillion oil-fueled trade windfall could not be better timed to help companies move into higher-value products and rebalance the economy in China, the world’s biggest exporter. Fast-growing countries producing oil and other commodities are taking advantage of the windfall from the recent gains in prices for those commodities, buying about half of [...]
Chinese newspapers are stepping up their criticism of dissident Chen Guangcheng, who fled to Beijing last month, and the United States, which harbored him for six days in the embassy. Although Chen Chuangcheng's saga dominated international media coverage of last week's high-profile talks between Washington and Beijing, the story has been largely ignored [...]
China should prevent any excessive adjustment of the yuan’s exchange rate to protect the economy even as volatility increases, the head of the nation’s currency regulator said in remarks published today. “Historical evidence shows it’s possible to see the exchange rate overshooting when a currency approaches an equilibrium level, which would hit the economy [...]
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