China's Foreign Ministry said on Monday it hoped the United States will respect Beijing's regional interests, after the U.S. defense secretary announced plans to shift most of his country's warships to the Asia-Pacific by 2020. China's relatively mild reaction to the U.S. announcement highlighted its reluctance to risk outright confrontation with Washington despite friction. [...]
Chongqing, China will subsidize purchases of vehicles made in the city as the first local government to offer such incentives since Premier Wen Jiabao said last month the economy faces increasing downward pressure. Consumers would get as much as 3,000 yuan ($471) toward a vehicle, limited to those with engines displacing less than 1.6 [...]
Emerging-market stocks fell, dragging the benchmark index to a six-month low, after China’s non- manufacturing sector grew at a slowest pace in more than a year and the U.S. added fewer jobs than economists forecast. The MSCI Emerging Markets Index (MXEF) fell 1.5 percent to 880.47 as of 10:26 a.m. London time, the lowest [...]
A super-stealthy warship that could underpin the U.S. navy's China strategy will be able to sneak up on coastlines virtually undetected and pound targets with electromagnetic "railguns" right out of a sci-fi movie. But at more than $3 billion a pop, critics say the new DDG-1000 destroyer sucks away funds that could be better [...]
China and Afghanistan will sign an agreement in the coming days that strategically deepens their ties, Afghan officials say, the strongest signal yet that Beijing wants a role beyond economic partnership as Western forces prepare to leave the country. China has kept a low political profile through much of the decade-long international effort to [...]
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