Tag Archives: China&#39s

China's Troubled Aircraft Carrier Proves Why It's So Hard To Build Them

China's Troubled Aircraft Carrier Proves Why It's So Hard To Build ThemCarriers are complicated and expensive things to build.



Yahoo News – Latest News & Headlines

China's Tencent sorry for saying typhoon killed 'nearly everyone'

China's Tencent sorry for saying typhoon killed 'nearly everyone'Chinese internet giant Tencent has been forced to apologise after its video team reported that a typhoon had wiped out the entire population of a province in east China that is home to nearly 100 million people. Typhoon Lekima hit the Chinese provinces of Zhejiang, Shandong and Anhui over the weekend, forcing more than two million residents to flee. China’s official news agency Xinhua said late Tuesday that at least 49 people were killed with dozens still missing.



Yahoo News – Latest News & Headlines

Volatility in China's yuan due to escalating U.S. trade friction – PBOC official

Volatility in China's yuan due to escalating U.S. trade friction - PBOC officialYICHUN, China/ SHANGHAI, Aug 11 (Reuters) – Volatility in China’s yuan since August is a normal market reaction to escalating trade frictions stoked by the United States and was caused, to some extent, by Washington’s decision to raise tariffs, a senior Chinese central bank official said. Zhu Jun, director-general of the People’s Bank of China’s international department, made the comments on Saturday to a forum held in the northern Chinese province of Heilongjiang. The U.S. Treasury Department on Monday labelled China a currency manipulator, hours after China let the yuan drop through a key support level to its lowest point in more than a decade.



Yahoo News – Latest News & Headlines

China's new U.N. envoy says Beijing ready to fight U.S. on trade

China's new U.N. envoy says Beijing ready to fight U.S. on tradeChina’s new U.N. ambassador warned on Friday that if the United States wanted to fight China on trade “then we will fight,” and signaled that trade tensions could hurt cooperation between the countries on dealing with North Korea. U.S. President Donald Trump vowed on Thursday to slap a 10% tariff on $ 300 billion of Chinese imports from next month, sharply escalating a trade dispute between the world’s biggest economies. In unusually blunt remarks for a United Nations’ diplomat from China, Zhang Jun described Trump’s move as “an irrational, irresponsible act” and urged Washington to “come back to the right track.” He also said Beijing was prepared to take countermeasures.



Yahoo News – Latest News & Headlines

China's Chump: Why America Can't Trust Pakistan

China's Chump: Why America Can't Trust PakistanPakistani prime minister Imran Khan hopes that his visit to the White House today will jumpstart relations with the United States after years of tension. Within the U.S. political context, President Donald Trump is a polarizing figure and his political opponents usually blame him exclusively for all ills on the international stage. When it comes to Pakistan, however, they should not. Pakistan’s problems are made in Pakistan and Trump should continue the recent bipartisan consensus to hold Islamabad responsible.Those who seek a revitalized U.S.-Pakistan relationship can say history is on their side. Pakistan became a U.S. ally shortly after its 1947 creation, largely because Jawaharlal Nehru rejected U.S. partnership. As India drifted closer to the Soviet Union, Pakistan grew in U.S. strategic calculations.  Between 1954 and 1965, Pakistan received more than $ 1 billion in arms sales and defense assistance, a huge amount for the time. Cooperation only increased after the Soviet invasion of Afghanistan. It was not long until Pakistan became the third largest U.S. aid recipient, after Israel and Egypt.The Roots of Pakistani Anti-AmericanismDespite close cooperation with the United States, Pakistan grew fiercely anti-American. There were several reasons for this: In 1955, Pakistan joined the Central Treaty Organization (CENTO), President Dwight D. Eisenhower’s equivalent to NATO for countries along the southern rim of the Soviet Union. Muhammad Ayub Khan, Pakistan’s first native commander-in-chief and, after leading Pakistan’s first successful military coup d’état, Pakistan’s second president, quipped that Pakistan had become “America’s most allied ally in Asia.”



Yahoo News – Latest News & Headlines

Shares Soar on First Day of Trading for China's Nasdaq Rival

Shares Soar on First Day of Trading for China's Nasdaq RivalThe launch comes amid high tensions with the U.S. over a damaging trade war



Yahoo News – Latest News & Headlines

China's Xi Tells North Korea's Kim World Wants More U.S. Talks

China's Xi Tells North Korea's Kim World Wants More U.S. Talks(Bloomberg) — China’s Xi Jinping told Kim Jong Un that the world wanted him to make progress in nuclear talks with the U.S., underscoring Beijing’s key role in negotiations ahead of his own summit with President Donald Trump.The Chinese president said during a landmark visit to Pyongyang on Thursday that he was willing to play a “positive and constructive role” toward achieving the denuclearization of the Korean Peninsula, the official Xinhua News Agency said. “The international community hopes that talks between the DPRK and the United States will move forward and bear fruit,” Xi said, referring to North Korea’s formal name.Kim responded that North Korea had “taken many active measures to avoid tensions and control the situation on the Korean Peninsula, but has not received positive responses from the party concerned,” according to Xinhua. North Korea’s own state media reports made no mention of the nuclear issue, saying only that the two leaders agreed to strengthen “strategic” communication” amid a “grave and complex” international situation.“This sends a signal to the U.S. that China’s influence on peninsula issues shall not be undervalued,” said Wang Sheng, professor of international politics at Jilin University who specializes in Northeast Asian affairs. “The U.S. should take this into account, that it needs China’s backing on improving its relations with North Korea and promoting denuclearization.”Why the Trump-Kim Nuclear Show Needs a Third Act: QuickTakeThe talks came amid a flurry of pageantry in the North Korean capital, in which Kim rolled out the red carpet for the first visit by a Chinese president in 14 years. Besides showcasing ties that stretch back to the 1950-53 Korean War, Xi and and Kim were expected to use the visit to stake out common ground in their current struggles with Trump. Xi left Pyongyang en route to Beijing, Chinese state media reported about 3:15 p.m. Friday North Korea time. The trip came just a week ahead of Xi’s planned meeting with Trump on the sidelines the Group of 20 summit in Japan, in what’s shaping up to be a possible turning point in the trade war between the world’s two largest economies. China’s role as North Korea’s vital trading partner and sole security backer gives Xi leverage in his talks with Trump.Stalled TalksU.S. efforts to eliminate North Korea’s nuclear arsenal have made little progress since Trump and Kim agreed in their Singapore summit last year to “work toward complete denuclearization of the Korean Peninsula,” without saying what that meant. In February, Trump rejected Kim’s offer to close some nuclear facilities in exchange for the elimination of the most severe United Nations sanctions on North Korea.While Xi has stayed largely on the sidelines during talks between Trump and Kim, China’s approval for UN sanctions has been vital to the U.S. pressure campaign. Xi also hosted Kim in Beijing before both of the North Korean leader’s meetings with Trump.Preferred MediatorThae Yong Ho, a former North Korean ambassador to the U.K. who defected, told the Dong-a Ilbo newspaper on Thursday that the summit showed that Kim saw China rather than South Korea as his preferred mediating partner. “North Korea is drawing up a new plan for third summit with U.S.,” Thae told the paper. “And the starting point of that is Xi’s North Korea visit.”Kim’s position has changed little since warning the U.S. in April that he would wait only until the end of 2019 for the Trump administration to relax its demands — raising the prospect for a renewal of tensions during a U.S. election year.In the meantime, Kim has demonstrated continued diplomatic support, including a first-ever meeting with Russian President Vladimir Putin in April, and resumed test launches of short-ranged ballistic missiles banned under UN sanctions.What You Need to Know About North Korea and Sanctions: QuickTakeKim’s warm welcome for Xi demonstrated how much the sometimes fraught ties between the two neighbors have improved since Kim made his first visit to Beijing last year. The Chinese president and his wife, Peng Liyuan, were greeted by Kim at the airport and inspected an honor guard before driving past crowds holding banners that said friendship between the two countries “shall be eternal.”Later Thursday, Xi attended a performance of North Korea’s mass games, in which hundreds of performers engage in a display of mass choreography.Top OfficialsXi’s entourage included top diplomats Yang Jiechi and Wang Yi, as well as He Lifeng, head of the National Development and Reform Commission. Kim was joined by top North Korean official Kim Yong Chol and his sister Kim Yo Jong, according the Chinese Communist Party’s People’s Daily newspaper.Xi said China would continue providing security assurances and development assistance “within its capacity,” in a possible reference to the international sanctions limiting such exchanges. China was ready to help North Korea “address its legitimate security and development concerns, strengthen coordination with it and other relevant parties, and play a positive and constructive role in realizing denuclearization on the peninsula and enduring regional peace and stability,” Xi said.The Global Times, a tabloid published by China’s People’s Daily newspaper, said in an editorial that it would be wrong to view Beijing’s relationship with Pyongyang as an attempt at “playing cards” in the trade war.“The traditional friendship between China and the DPRK concerns the long-term strategic interests of the two countries,” the editorial said. “It is not designed to solve a specific problem.”(Updates with Xi’s departure in sixth paragraph.)\–With assistance from Gregory Turk, Chris Kay and Linly Lin.To contact the reporters on this story: Jihye Lee in Seoul at jlee2352@bloomberg.net;Dandan Li in Beijing at dli395@bloomberg.netTo contact the editors responsible for this story: Brendan Scott at bscott66@bloomberg.net, Karen LeighFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.



Yahoo News – Latest News & Headlines

China's Xi Jinping arrives in North Korea on historic visit

China's Xi Jinping arrives in North Korea on historic visitTens of thousands of North Koreans lines the streets of central Pyongyang on Thursday and cheered as Xi Jinping, the Chinese president, arrived for a two-day state visit with Kim Jong-un to reinforce their uneasy alliance in the face of two leaders’ increasing tension with the United States. A smiling Kim greeted the crowds as he drove past Chinese flags with Mr Xi in an open-top Mercedes on their way to the Kumsusan Palace of the Sun, a complex that serves as the mausoleum for North Korea’s founder, Kim Il Sung. Mr Xi was afforded the honour of being the first foreign leader to have “received a tribute” at the palace, “which fully reflects the enthusiasm and respect of the host,” reported the NK News website, citing Chinese state media. Images of the pomp and grand ceremony would likely have bolstered Mr Xi, who has been embarrassed by mass pro-democracy protests in Hong Kong in recent weeks, and who must face Donald Trump, the US president, at the G20 summit in Japan next week in the midst of a bitter trade dispute. Mr Xi is first Chinese president to visit North Korea in 14 years, and the visit gives Kim a much-needed boost as he strives to restore his image as an international statesman after his failure to secure a deal to relieve punishing international sanctions during a summit with Mr Trump in Hanoi in February. Xi and Kim met in the North's capital on Thursday, their fifth meeting in 15 months Credit: CCTV via AP In meeting with Mr Xi, Kim wants to show Mr Trump that he has China’s support on nuclear negotiations even as talks have come to a halt with Washington and the next US presidential election looms. Analysts say the trip is equally a chance for China to showcase its influence in the region.  “Comrade Xi Jinping is visiting… in the face of crucial and grave tasks due to complex international relations, which clearly shows the Chinese party and the government place high significance on the friendship,” the North’s official Rodong Sinmun newspaper said on Thursday. The North Korean media revealed little about the substance of their discussions, although it is expected that Pyongyang will seek Beijing’s help in securing sanctions relief and may discuss future investment through China’s global development “Belt and Road” initiative. China is historically North Korea’s largest trading partner. Mr Xi, whose entourage includes the head of China’s state economic planner, may offer fresh support measures for its floundering, sanctions-bound economy. Inside North Korea: Everyday life in the secretive state, in pictures However, President Xi’s visit, accompanied by Peng Liyuan, will remain largely symbolic and is unlikely to produce any major announcements or agreements. After he arrived at the airport, the two leaders reviewed a military guard procession and a 21-gun salute. The Chinese president was due to attend a welcoming banquet on Thursday evening and to be entertained by a mass gymnastic performance. He was also expected during his visit to pay tribute at the Friendship Tower, which commemorates Chinese troops who fought together with North Koreans during the 1950-53 Korean War. The conflict ended in a truce, not a treaty, leaving the North technically still at war with South Korea. The timing of Xi’s visit to North Korea was no accident, said Li Zhonglin, a North Korea expert at China’s Yanbian University, told Reuters. China could be hoping to play a role in coaxing the North and the United States to resume denuclearisation talks after this year’s failed Kim-Trump summit in Hanoi, he added.



Yahoo News – Latest News & Headlines

In U.S. charm offensive, China's Huawei launches ad to combat dark image

In U.S. charm offensive, China's Huawei launches ad to combat dark imageHuawei Technologies ran a full page ad in major U.S. newspapers on Thursday urging readers not to believe “everything you hear,” about the Chinese tech firm, as it defends itself against government accusations its equipment can be used to spy. The world’s largest telecommunications equipment maker, which has been charged with bank fraud related to U.S. sanctions against Iran, touted its relief efforts in disaster-torn countries like Chile and Indonesia, and its work to connect the undeserved around the world. The advertisement ran in the Washington Post, the New York Times, the Wall Street Journal, Politico, USA Today and the Los Angeles Times, said Huawei spokesman Chase Skinner.



Yahoo News – Latest News & Headlines

In U.S. charm offensive, China's Huawei launches ad to combat dark image

In U.S. charm offensive, China's Huawei launches ad to combat dark imageHuawei Technologies ran a full page ad in major U.S. newspapers on Thursday urging readers not to believe “everything you hear,” about the Chinese tech firm, as it defends itself against government accusations its equipment can be used to spy. The world’s largest telecommunications equipment maker, which has been charged with bank fraud related to U.S. sanctions against Iran, touted its relief efforts in disaster-torn countries like Chile and Indonesia, and its work to connect the undeserved around the world. The advertisement ran in the Washington Post, the New York Times, the Wall Street Journal, Politico, USA Today and the Los Angeles Times, said Huawei spokesman Chase Skinner.



Yahoo News – Latest News & Headlines