[Photo/VCG] WASHINGTON – US President Barack Obama on Friday blocked a Chinese company’s purchase of the US business of German chip equipment maker Aixtron, despite objections from China. Obama issued an order directing China’s Fujian…
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China should use part of foreign reserves to stabilise yuan
“Now is the best time to stabilise yuan currency expectations,” Sheng Songcheng, advisor to the People’s Bank of China (PBOC) said during a forum in Beijing, according to the 21st Century Business Herald newspaper. Sheng…
China's Huawei pledges long-term development, creativity and competitiveness to boost Vietnam's ITC sector
HANOI – China’s leading information and communications technology (ICT) provider Huawei Technologies Co Ltd has pledged to long-term development projects in Vietnam, said David Sun, President and Chief Executive Officer of Huawei in the Southeast…
Obama bars China's Fujian from buying Aixtron's U.S. business
Obama’s executive order barring China’s Fujian Grand Chip Investment Fund (FGC) from completing the acquisition of a German company with American assets was one of few such instances in which a U.S. president has blocked…
Trump speaks with Taiwan's president, risking China tensions
NEW YORK — President-elect Donald Trump spoke Friday with the president of Taiwan, a move that will be sure to anger China. It is highly unusual, probably unprecedented, for a U.S. president or president-elect to…
China lodges formal complaint with US over Donald Trump's call with president of Taiwan
“We have already made solemn representations about it to the relevant US side. It must be pointed out that there is only one China in the world. Taiwan is an inalienable part of China’s territory,”…
What U.S. presidents said about ties with China and Taiwan
in response to a general question about China during a meeting with news editors: U.S. policy “does nothing to prohibit a future president or a future Congress, if we feel that Taiwan is unnecessarily endangered,…
Trump speaks directly with Taiwan's leader, irking China
… cornerstone of the healthy development of China-U.S. relations and we hope this political foundation will not be interfered with or damaged,” Wang was quoted as saying. Taiwan’s official Central News Agency said Edwin Feulner,…
China lodges protest after Trump call with Taiwan president
The 10-minute telephone call with Taiwan’s leadership was the first by a U.S. president-elect or president since President Jimmy Carter switched diplomatic recognition from Taiwan to China in 1979, acknowledging Taiwan as part of “one…
China's Xi says military must be smaller, but more capable
The cuts come at a time of heightened economic uncertainty in China as growth slows and the leadership grapples … or even collapse at a single blow,” Xi said in comments carried by the official…
China lodges complaint with US over Trump's Taiwan phone call
In a more diplomatically worded article, Xinhua, China’s official news agency, urged Trump not to damage the “stability and maturity” of US-China relations. “China and the United States are not destined rivals. They can be…
China lodges complaint over Trump-Taiwan call
Meanwhile, former US Secretary of State Henry Kissinger met with China’s President Xi Jinping Friday, China’s state-run news agency Xinhua reported. Kissinger — secretary of state from 1973-77 — is credited with secret diplomacy that…
Chinese policymakers closely watching capital flows, market changes: Finance minister official
BEIJING China’s policymakers are closely watching market changes and capital flows, vice Finance Minister Zhu Guangyao was quoted as saying on Saturday. Zhu said that China will “unswervingly” push forward reforms including the internationalization of…