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Tag Archives: China

North Korea fires three ballistic missiles as G20 leaders meet in China

North Korea fired three ballistic missiles into the sea off its east coast on Monday, the South Korean and U.S. militaries said, as the leaders of the Group of 20 major economies held a summit in China, the North’s main diplomatic ally. The missiles were fired from a region south …

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China, U.S. commit to refrain from competitive currency devaluations

China and the United States on Sunday committed anew to refrain from competitive currency devaluations, and China said it would continue an orderly transition to a market-oriented exchange rate for the yuan CNY=CFXS. A joint “fact sheet”, issued a day after U.S. President Barack Obama and his Chinese counterpart Xi …

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Apple to boost China investments as demand slows

Apple Inc will boost its investment in China, one of its largest but increasingly challenging markets, and build its first Asia-Pacific research and development center in the country, Chief Executive Tim Cook said on Tuesday. Cook made the pledge during a trip to China, at least his second in four …

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China’s July forex reserves fall to $3.20 trillion

China’s foreign exchange reserves fell to $3.20 trillion in July, central bank data showed on Sunday, in line with analyst expectations. Economists polled by Reuters had predicted reserves would fall to $3.20 trillion from $3.21 trillion at the end of June. China’s reserves, the largest in the world, fell by …

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China conducts ‘combat patrols’ over contested islands

China’s air force sent bombers and fighter jets on “combat patrols” near contested islands in the South China Sea, in a move a senior colonel said was part of an effort to normalize such drills and respond to security threats. The exercises come at a time of heightened tension in …

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China factory activity unexpectedly dips in July: official PMI

Activity in China’s manufacturing sector unexpectedly shrank in July, an official survey showed on Monday, with small and medium-sized firms leading the fall and reinforcing fears that the economy may once again be losing momentum. The official Purchasing Managers’ Index (PMI) eased to 49.9 in July, compared with the previous …

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China’s growth sucks in more debt bucks for less bang

As China’s economy notches up another quarter of steady growth, the pace of credit creation grows ever more frantic for every extra unit of production, as inefficient state firms swallow an increasing share of lending. The world’s second-largest economy grew 6.7 percent in the first half of the year, unchanged …

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China upset by U.S. Republican platform on South China Sea, Tibet

China’s Foreign Ministry on Thursday urged the U.S. Republican Party to stop making “groundless accusations” against China in its party platform, which says China practices cultural genocide in Tibet and has ludicrous claims in the South China Sea. China’s government has generally avoided making direct comments about the election, wary …

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China second-quarter GDP grows 6.7 percent year-on-year, slightly better than expected

China’s economy grew 6.7 percent in the second quarter from a year earlier, steady from the first quarter and slightly better than expected as the government stepped up efforts to stabilize growth in the world’s second-largest economy. Analysts polled by Reuters had predicted gross domestic product (GDP) would ease to …

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