China-US China News | CHINA US Focus - Part 6

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03/19/2014

US first lady’s visit expected to boost goodwill

Chinese first lady Peng Liyuan is expected to stroll inside the Forbidden City on Friday with her US counterpart, Michelle Obama, whose upcoming trip will spark new interest in Chinese culture among Americans and further advance people-to-people exchanges between the two countries, observers said. On Thursday, the US first lady will kick off her visit [...]

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03/19/2014

Direct currency trading begins with New Zealand

China and New Zealand announced a landmark deal on Tuesday that allows the direct trading of the two countries’ currencies. The deal, which takes effect on Wednesday, ends the need for companies and currency traders to convert Chinese yuan or New Zealand dollars into a third currency, usually US dollars, when making or receiving payments. [...]

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03/18/2014

China sharpens “Sword of Damocles” via inspection innovation

China’s anti-graft watchdog on Monday announced it has set up three new offices following anti-corruption chief Wang Qishan’s call for efforts to innovate disciplinary inspections. The offices are two discipline inspection divisions and a division tasked with supervising discipline inspection officers. Wang, secretary of the Central Commission for Discipline Inspection (CCDI) of the Communist Party [...]

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03/18/2014

China the 4th biggest weapons exporter: report

China, for the first time, has become the fourth largest weapons exporter in the world, Global Times reported, citing a report released by the Stockholm International Peace Research Institute. The report on the conventional weapons trade from 2009-2013 found that the USA and Russia are still the top two arms suppliers, respectively accounting for 29 [...]

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03/18/2014

Do not hype yuan fluctuation: MOC

China’s commerce ministry spokesman said on Tuesday that people should not hype the recent downward movement in the value of the Renminbi, or the yuan, against the US dollar. In response to a question about whether the yuan’s recent depreciation is a result of government intervention, Shen Danyang said, “We should look at this with [...]

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03/17/2014

China unveils landmark urbanization plan

China on Sunday unveiled an urbanization plan for the 2014-2020 period in an effort to steer the country’s urbanization onto a human-centered and environmentally friendly path. Urbanization is the road that China must take in its modernization drive, and it serves as a strong engine for sustainable and healthy economic growth, according to the plan [...]

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