The actions by China’s coast guard against Philippine vessels near the Sabina Shoal in the South China Sea were illegal and “do not contribute to confidence building”, a Philippine maritime council …
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Shenzhen puts big bucks into university project
The southern boomtown of Shenzhen, Guangdong province, is set to invest approximately 6 billion yuan ($840 million) in the initial construction phase of the new Shenzhen Ocean University campus, with …
China Approves Record 11 New Nuclear Power Reactors
China approved 11 nuclear reactors across five sites Monday, a record amount of new permits as the nation leans even more heavily on atomic energy to support its push to eliminate emissions.
China’s shipbuilders are teasing a new coast guard ‘mothership,’ and there’s talk it could be an aircraft or drone carrier
A state-owned Chinese shipbuilder said it’s debuted the design of a “mothership” for its coast guard. Military bloggers in China speculate that it might be an aircraft carrier or a drone platform for …
US condemns ‘dangerous actions’ by China against Philippine vessels
The U.S. State Department condemned “dangerous actions” by China on Monday against Philippine vessels in the South China Sea.
China leaves key lending benchmarks unchanged, as expected
China left benchmark lending rates unchanged at a monthly fixing on Tuesday, in line with market expectations. The one-year loan prime rate (LPR) was kept at 3.35%, while the five-year LPR was unchanged at 3.
Asia-Pacific markets mostly set to rise; China loan prime rates and RBA minutes in focus
China’s central bank will announce its one-year and five-year loan prime rates today, with a poll of economists from Reuters expecting that rates will be left unchanged. Investors will also be assessing minutes from the…
China Unleashes Rapid Drop in New-Home Prices With Relaxed Curbs
A price war is spreading across China’s new-home market, as local governments dial back on intervention and developers race to recoup cash. In Beijing, a sudden 18% price cut in May at a mid-sized residential…
Reuters poll: China widely expected to keep lending benchmark LPRs unchanged in Aug
SHANGHAI (Reuters) – China is expected to leave benchmark lending rates unchanged on Tuesday, a Reuters poll showed, after policymakers surprised global markets by trimming a string of key interest rates in July. Shrinking interest…
China and Vietnam agree to build closer partnership as Xi hosts new leader on first overseas visit
In his first international trip since becoming leader, Vietnamese President To Lam met with Chinese President Xi Jinping in Beijing on Monday.
Beijing claims Manila sent up spy drone as coastguards clashed in South China Sea
Predawn encounter near the disputed part of the South China Sea was ‘deliberate’ and ‘dangerous’, the Chinese side said.
Integrated patrols signal Beijing ‘asserting claims’ in Taiwan Strait, South China Sea
Ramped-up mainland Chinese patrols in the Taiwan Strait signal Beijing’s resolve to intensify maritime control amid heightened tensions with Taipei, according to analysts. The mainland’s Ministry of Transport said it had carried out a patrol…
China widely expected to keep lending benchmark LPRs unchanged in Aug: Reuters poll
China is expected to leave benchmark lending rates unchanged on Tuesday, a Reuters poll showed, after policymakers surprised global markets by trimming a string of key interest rates in July.
