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

Brazil and China signed a preliminary deal to set up local currency swaps that will allow each country to tap the other's central bank for up to $30 billion, Brazilian Finance Minister Guido Mantega said Thursday.   The agreement was part of a wide-ranging bilateral trade deal between the two emerging-market powers announced at the [...]

Cambodia’s Foreign Ministry said on Friday that the country had no plans to extradite to China or France a detained French architect with links to a disgraced Chinese politician and his wife, but that the architect was not yet being set free, either.   Kuy Kong, a spokesman for the Cambodian Foreign Ministry, said that [...]

Two of China's top telecommunications companies may be selling subsidized gear in the United States, and legislation could be proposed to deal with any related national-security threat, the head of the U.S. House of Representatives' Intelligence Committee said on Thursday.   The committee is investigating what some U.S. officials suspect are close ties between the [...]

China’s banking regulator proposed keeping a cap on local government loans to curtail defaults while encouraging funding for railways, roads and affordable homes, a person with direct knowledge of the matter said.   The China Banking Regulatory Commission suggested limiting loans to local government financing vehicles to levels reached at the end of 2011, according [...]

While Apple Inc. AAPL +0.30% and Samsung Electronics Co. 005930.SE -3.67% take each other on in the lucrative high-end smartphone market, there is another battle taking place in the less glamorous world of inexpensive smartphones in China.   With a larger portion of China's one billion mobile phone users replacing their basic cellphones, the market [...]