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China’s Trade Surplus Narrows in September

Posted October 13th, 2011 at 1:00 am (UTC-5)
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China’s politically sensitive trade surplus fell in September for the second straight month, reflecting the ongoing weakness of the global economy. The government’s custom bureau says the country posted a $14.5 billion surplus last month, compared with a $17.8 billion surplus posted in August and a $31.5 billion surplus in July, which was the highest […]

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White House Concerned About China Currency Bill

Posted October 12th, 2011 at 6:45 pm (UTC-5)
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The White House says it is concerned about parts of a proposed law that could bring sanctions against China or any country deliberately manipulating the value of its currency. Spokesman Jay Carney said Wednesday the White House agrees with the goal of the bill the Senate passed Tuesday, making sure U.S. workers and companies have […]

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Putin Says Russia, China Close to Resolving Gas Price Dispute

Posted October 12th, 2011 at 1:45 pm (UTC-5)
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Russian Prime Minister Vladimir Putin says Moscow and Beijing are close to resolving a long-running dispute about the price of Russian natural gas to be exported to China’s energy-hungry economy. In an interview with Chinese media published Wednesday as he ended a two-day visit to Beijing, Mr. Putin said pricing negotiations between Russian gas giant […]

China Urges US to Resist Senate Currency Bill

Posted October 12th, 2011 at 5:45 am (UTC-5)
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China is warning about the consequences of a U.S. Senate bill passed Tuesday that could bring sanctions against China or any country found to be deliberately manipulating the value of its currency. China’s state television read a statement from Foreign Ministry spokesman Ma Zhaoxu saying the bill is a protectionist measure that violates world trade […]

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Fashion Label Accused of Mistreating Chinese Workers

Posted October 12th, 2011 at 4:50 am (UTC-5)
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An international luxury fashion retailer has been accused of abuse by former employees at one of its Chinese stores. Five former employees at the Gucci store in the southern city of Shenzhen issued a letter this week describing adverse working conditions at the store. They said they were forced to work overtime without being properly […]

China Urges US to Resist Senate Currency Bill

Posted October 12th, 2011 at 3:00 am (UTC-5)
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China is urging the U.S. government to oppose a Senate bill passed Tuesday that could bring sanctions against China or any country found to be deliberately manipulating the value of its currency. The official Xinhua news agency quoted Foreign Ministry spokesman Ma Zhaoxu as saying the bill is aimed at China and amounts to trade […]

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China’s Hu Proclaims Success of Putin Visit

Posted October 12th, 2011 at 2:00 am (UTC-5)
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Chinese President Hu Jintao welcomed Russian Prime Minister Vladimir Putin as an old friend of China on Wednesday, telling him his two-day visit to Beijing has advanced relations between their countries. The two leaders exchanged pleasantries before disappearing behind closed doors for private talks. Mr. Putin told the president he looked forward to discussing the […]

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Senate Passes China Currency Bill

Posted October 11th, 2011 at 9:35 pm (UTC-5)
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The Senate has passed a bill that could bring sanctions against China or any country found to be deliberately manipulating the value of its currency. The measure would open the door for U.S. sanctions if the Treasury Department finds a country is manipulating its currency and not taking steps to fix it. It also would […]

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Vietnam, China Sign Accord On Maritime Issues

Posted October 11th, 2011 at 9:10 pm (UTC-5)
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China and Vietnam have signed an agreement on peaceful settlement of maritime disputes in the South China Sea. The document was signed Tuesday in Beijing by China’s Vice Foreign Minister Zhang Zhijun and his Vietnamese counterpart Ho Xuan Son. Under the six-point agreement, the two neighbors will seek to handle maritime disputes through negotiations and […]

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Senate Passes China Currency Bill

Posted October 11th, 2011 at 8:00 pm (UTC-5)
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The Senate has passed a bill that could bring sanctions against China or any country found to be deliberately manipulating the value of its currency – 63 senators voted yes while 35 said no. The measure would open the door for U.S. sanctions if the Treasury Department finds a country is manipulating its currency and […]

Tags: , , , , Posted in East Asia Pacific

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