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

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08/13/2014

Japan’s defense plans raise hackles in China

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 [...]

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08/13/2014

Lending in China Slowed Drastically in July

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 [...]

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08/13/2014

China halts some US pork imports over feed additive

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 [...]

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08/13/2014

In A Shift, China Allows Pope Francis To Use Its Airspace For Asia Trip

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 [...]

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08/12/2014

U.S. to monitor South China Sea for de-escalation after China rebuff

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 [...]

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08/12/2014

Looking at G.M., China Widens Crackdown on Multinationals

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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