Calling China’s new government strategy paper “an ambitious agenda” for market reforms, U.S. Treasury Secretary Jacob Lew on Friday pressed President Xi Jinping for details on how his government plans to liberalize the world’s second-largest economy. “I think there is going to continue to be progress, but the question is how much and how quickly,” [...]
China’s president, Xi Jinping, told visiting U.S. Treasury Secretary Jack Lew that China and the United States should strengthen policy coordination during their respective reform and restructuring processes, state media reported on Friday. Read Full Article HERE
China is set to start the pumps at its first deep-water natural-gas project, an engineering feat using a Chinese-made platform designed to withstand typhoons and using hundreds of miles of undersea pipelines. The field is part of Beijing’s effort to more than double its use of gas to 10% of China’s energy mix by 2020, [...]
The West African nation of Gambia cut diplomatic ties with Taiwan, leaving President Ma Ying-jeou’s government with one less formal ally as China courts nations that recognize the island’s sovereignty. Gambia will maintain a “friendship” with Taiwan and hasn’t established diplomatic ties with China, the government said in a statement read over state-owned Gambia Radio [...]
China will loosen its decades-old one-child policy by allowing two children for families with one parent who was an only child and will abolish a much-criticized labor camp system, its ruling Communist Party said Friday. The changes were part of a key policy document released by the official Xinhua News Agency following a four-day meeting [...]
China will donate 10 million yuan ($1.64 million) in relief materials to help the Philippines recover from Typhoon Haiyan, the state-run Global Times newspaper said, after the government earlier offered $100,000. The relief goods will include blankets and tents, the Global Times reported today, citing comments by Foreign Ministry spokesman Qin Gang. He said the [...]
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