Students from Shanghai have once again outscored their peers around the rest of the world in reading, math and science, according to the newly released results of an international standardized exam. The Program for International Student Assessment, or PISA, is given every three years to more than half a million 15- and 16-year-old students from [...]
U.S. Vice President Joe Biden called on Japan and China to find ways to reduce tensions that spiked after Beijing proclaimed an air defense zone over disputed isles in the East China Sea, while repeating Washington was “deeply concerned” by the move. The United States has made clear it will stand by treaty obligations that [...]
China’s central bank said it would ease the way for foreign investors to plow money into a highly touted free-trade zone in Shanghai and let Chinese residents use the zone as a base for investment overseas by loosening restrictions on investment flows that apply elsewhere in China. In relaxing some controls, the People’s Bank of [...]
U.K. Prime Minister David Cameron said he’s raising concerns about human rights with Chinese leaders at the same time as pushing for increased trade and growing Chinese investment in Britain. “I come to China and I don’t believe there’s a choice between raising growth and investment issues and raising human-rights issues; I raise them both,” [...]
Embattled Ukrainian President Viktor Yanukovich flew to China on Tuesday with his government facing uproar in parliament and turmoil on the streets over a decision to spurn closer ties with the European Union under pressure from Russia. International markets piled in, driving up the cost of insuring Ukraine’s mounting debt against default and threatening a [...]
China’s yuan is now second only to the U.S. dollar in global trade finance, overtaking the euro. While the Chinese currency’s market share in trade finance only accounts for 8.66%, according to data from SWIFT, a payment services provider, it has been gaining ground since January 2012, when it made up 1.89% of activity. The [...]
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