Direct trading between the currencies will help cut companies’ foreign exchange costs and spur two-way trade and investment, the China Foreign Exchange Trade System (CFETS) said. (Reporting by Beijing Monitoring Desk; Editing by Clarence Fernandez)…
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China slashes its demand for US plastics scrap
Asia: A combination of lower virgin plastics prices, a stronger US dollar and weaker Chinese demand is being blamed for a steep decline in America’s plastics scrap export volumes to China. Latest figures from the…
Hong Kong lawmakers barred by Beijing from office
Beijing has made an unprecedented intervention in Hong Kong politics to block two lawmakers from taking office. Pro-independence elected lawmakers Sixtus Leung and Yau Wai-ching have refused to pledge allegiance to Beijing when being sworn…
Rights advocates express alarm after China police official chosen as head of Interpol
BEIJING – A top Chinese police official was elected president of Interpol on Thursday, setting off alarm bells among rights advocates over abuses and lack of transparency within China’s legal system. Vice Public Security Minister…
China auto sales rise in October over demand for SUVs
BEIJING — China’s auto sales rose 20.3 per cent in October from a year earlier, propelled by surging demand for sport utility vehicles. An industry group, the China Association of Automobile Manufacturers, reported Thursday dealers…
US election 2016: China eyes chance to weaken US power
He may have won at home, but on the level where great nations contend, President-elect Trump’s campaign slogan “Make America Great Again” now goes head to head with China’s favourite catchphrases, the great rejuvenation of…
China warns Trump against economic isolationism
warned a commentary by China’s official Xinhua News Agency, though it added that “election talk is just election talk”. The commentary also cautioned against any tilt towards intervention. The Chinese media in the past have…
China reacts guardedly to Trump victory
Beijing: China, often criticised for taking away American jobs, today reacted cautiously to the election of Donald Trump as President, saying it will work with the new US government to ensure steady development of bilateral…
Russia, China, ISIS: Trump Will Face Foreign Policy Challenges
But many presidents end up being defined by their foreign policy decisions. Donald Trump’s first priority will be to deal with the challenges to American dominance posed by China and Russia. And, possibly, avoid war…
Tianjin chemical blast: China jails 49 for disaster
A Chinese court has handed a suspended death sentence to the head of a chemical factory for his role in blasts that killed 173 people last year. Ruihai Logistics chairman Yu Xuewei was also fined…
China Scales Back Solar, Wind Ambitions as Renewables Cool
China, the world’s biggest clean-energy investor, lowered its solar and wind power targets for 2020, a reflection of how record installations of renewables have overwhelmed the ability of the nation’s grid to absorb the new…
At least seven killed in explosions at power plant, factory in two cities in eastern China
Another nine were injured, but are not in a critical condition, it said. An ammonia tank at the power plant developed a leak prior to the blast, according to the China News Service. About 55…
China’s inflation rate creeps higher as food prices rise ahead of winter
China reported higher inflation last month as food prices rose ahead of the winter and producer prices jumped on a coal price rally, dampening expectations that the central bank might increase money supply to boost…
