China-US US News | CHINA US Focus - Part 12

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03/27/2014

Most Chinese Cities Fail Pollution Standard, China Says

Only three of the 74 Chinese cities monitored by the central government managed to meet official minimum standards for air quality last year, the Ministry of Environmental Protection announced this week, underscoring the country’s severe pollution problems. The dirtiest cities were in northern China, where coal-powered industries are concentrated, including electricity generation and steel manufacturing. [...]

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03/27/2014

China Detains Suspect for Spreading Rumor Leading to Bank Run

Chinese police detained a person suspected of spreading rumors that triggered several bank runs in eastern Jiangsu province and urged the public not to believe or disseminate the speculation. A person surnamed Cai was taken into custody on March 26, according to a statement on the Yancheng city police’s official microblog. The investigation is ongoing, [...]

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03/27/2014

China to Boost Cybersecurity

China’s defense ministry said it would take measures to boost cybersecurity after reports this week alleging the U.S. spied on Chinese technology company Huawei Technologies Co. and several Chinese leaders. Speaking at a monthly briefing, defense ministry spokesman Geng Yansheng said the revelations “exposed the hypocrisy and despotism of the U.S. side.” Though Mr. Geng [...]

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03/27/2014

Frankfurt Said to Become Yuan Hub With Accord to Mark Xi Visit

The Bundesbank and the People’s Bank of China will probably sign a memorandum of understanding tomorrow to enable clearing and settlement of yuan trades in Frankfurt, Germany’s financial capital, according to a person familiar with the agreement. The central banks are set to sign the accord to coincide with a visit by Chinese President Xi [...]

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03/26/2014

China Export Quotas on Metals Violate World Trade Law, Panel Finds

China has broken international trade law by restricting the export of rare earth elements and other metals crucial to modern manufacturing, a World Trade Organization panel said Wednesday. That conclusion opens the possibility that Beijing will face trade sanctions from the United States, which brought the case, and the European Union and Japan. China produces [...]

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03/26/2014

China says supports international financial aid for Ukraine

China’s foreign ministry said on Wednesday that international financial bodies ought to be offering aid to Ukraine to ensure its economic stability, though it stopped short of saying whether Beijing would participate in such efforts. Ukrainian Finance Minister Oleksander Shlapak says he is negotiating with the International Monetary Fund for a loan package of $15 [...]

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