The Philippine coast guard and navy deployed one patrol ship each to keep watch from a distance on the activists and fishermen to assert Manila’s sovereignty over the Scarborough Shoal.
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Recent Posts
Filipino activists and fishermen sail in 100-boat flotilla to disputed shoal guarded by China
China’s Central Bank Holds Key Policy Rates Steady
The People’s Bank of China held key policy rates steady, a move that could preface a hold on benchmark lending rates later this month.
Xiaomi’s successful SU7 launch puts smartphone maker among China’s top 10 EV upstarts
Chinese smartphone maker Xiaomi has become the country’s eighth-largest EV upstart after selling more than 7,000 units of its SU7 sedan in April, according to industry data.
Why China’s luxury consumption is slowing down
Factors include a shift from overseas to domestic spending, consumption moderation, and the return of outbound tourism. The luxury consumption in China is experiencing a notable slowdown, as per …
Caught between China and the US, asylum seekers live in limbo in New York City
New York City inspires Chinese newcomers – even as migration has turned into a flashpoint in US politics ahead of November elections.
Banking on Beijing: What the Ukraine Crisis Means for the Future of China-Russia Relations
But in the face of Western sanctions can Russia rely on China or is Moscow taking a strategic risk by Banking on Beijing? This strategic update analyses the ambivalent Chinese response to the Ukraine …
China’s Imports of Russian Aluminum Stymied for Now by Surge in World Prices
Chinese buyers are temporarily shunning Russian aluminum, as commercial realities intrude on the push to deepen bilateral trade ties.Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindBiden Accuses China of ‘Cheating’ on…
China Considers Government Purchases of Unsold Homes, Bloomberg News Reports
(Reuters) – China is considering a plan to have local governments across the country buy millions of unsold homes, Bloomberg News reported on Wednesday, as a protracted property crisis weighs heavily …
China Deploys Dozens of Ships to Block Philippine Protest Flotilla
Filipino civilians set sail in fishing boats to oppose China’s control of a shoal claimed by the Philippines. A formidable Chinese fleet awaited them.
The Lopsided Reality of the Russia-China Relationship
Beneath the surface, however, the relationship isn’t one of equals. Beijing has provided a lifeline to the sanctions-stricken Russian economy, supplying it with everything from electronics to washing …
Import Groups Decry Higher U.S. Tariffs on China-Made Goods
T rade groups representing importers derided President Biden’s move to raise tariffs on a range of imports from China, saying the duties will increase costs in supply chains and lead to higher prices for consumers.
Biden’s China tariffs aren’t a competitive cure-all for U.S. automakers, experts warn
New Biden administration tariffs will buy time for domestic automakers to make progress on electric vehicles, but China is still way ahead.
China’s central bank leaves key policy rate unchanged
China’s central bank left a key policy rate unchanged when rolling over maturing medium-term lending facility (MLF) loans on Wednesday, in line with market expectations. WHY IT’S IMPORTANT The steady …
