Japan’s new defense white paper has done little to mend fences with Beijing, with the Chinese government complaining that its Asian neighbor is using the “China threat” to justify a bigger defense budget. Japan will spend about $49 billion on defense in the fiscal year to March 2015 — up about 3% from the previous [...]
Chinese lending unexpectedly and drastically slowed in July to the lowest level since the depths of the global financial crisis, with a weak property market appearing to drive down demand for new loans, despite recent moves to ease credit. A broad measure of new credit was 273.1 billion renminbi, or $44.3 billion, in July, the [...]
China has barred pork imports from six U.S processing plants and six cold storage facilities effective on Wednesday to enforce its ban on the use of a feed additive that promotes lean muscle growth, the U.S. Department of Agriculture said on Tuesday. China currently requires third party verification that U.S. pork shipped to the country [...]
Pope Francis is flying to South Korea today – and that means he’ll be able to address China’s leaders, as well. In what’s seen as a sign of thawing relations, China is allowing the pontiff to use its airspace. The Vatican hasn’t had formal relations with China since 1949, when the communists took charge. “The [...]
The United States will monitor the South China Sea to see whether “de-escalatory steps” are being taken, a U.S. State Department official said on Monday, a day after China resisted pressure to rein in actions in the disputed waters. The official spoke as U.S. Secretary of State John Kerry arrived in Sydney for talks on [...]
General Motors said Tuesday that it had been contacted by the Chinese authorities as part of a broadening antitrust investigation into foreign automakers. The disclosure came a day after Audi said that in one province, the dealership network of its Chinese joint venture in one province had broken national antitrust rules and would be punished [...]
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