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China

Chinese yuan now top 5 major intl payment currency
The Chinese currency is the 5th most-used currency in international payments, according to the SWIFT network responsible for international financial transactions. Breaking into the top 5 is symbolic to balance dollar-denominated payments.

28.01.2015 11:31

China vigilant as India transforms its diplomatic posture towards the US
The meeting between US President Obama and Indian Prime Minister Modi is a clear statement that India is finally shedding ambiguity from its foreign policy and making tough choices, a stance that’s putting Beijing on guard.

27.01.2015 15:48

US officials tussle over arms embargo, sanctions in oil-flush South Sudan
While top US diplomats have privately backed a weapons ban amid the bloody civil war in South Sudan, a new report indicated that US National Security Advisor Susan Rice is chiefly responsible for stalled attempts at an arms embargo in the oil-rich nation.

26.01.2015 15:50

Record high Chinese imports of Russian oil in 2014
Chinese imports of oil from major OPEC countries fell last year, while the purchases of Russian oil saw a record increase, said the Chinese General Administration of Customs. It is part of Chinese plans to diversify its oil sources.

23.01.2015 15:19

Moscow to Beijing in 2 days: China to build $242bn high-speed railway
China is going to build a $242 billion (1.5 trillion yuan) high-speed rail link between Beijing and Moscow. The line will cut the journey time from five to 'two days', say Chinese authorities.

22.01.2015 12:36

China, Switzerland sign deal on yuan trading in Zurich
The central banks of China and Switzerland have signed a pact to establish a yuan trading center in Zurich. The deal is expected to increase the number of European transactions in yuan.

21.01.2015 11:59

Chinese firm 3D-prints 5-story house using construction waste 'ink'
A Chinese company has used 3D printers to create five-story homes using construction waste. The project architects say this is the world’s tallest building constructed using this technology.

20.01.2015 11:33

​Lowest Chinese economic growth in 24 years
The economic growth of China in 2014 dropped to its lowest level since 1990 with the country just failing to reach the official annual growth target of 7.5 percent for the first time in 16 years.

20.01.2015 07:54

America: The undemocratic ‘democracy’
Despite being the world’s self-appointed champion and proselytizer of the gospel of democracy, the United States is clearly and unmistakably an undemocratic nation.

19.01.2015 13:23

Chances of new alliances clustered around Tokyo as Japan moves towards military normalization
With Japan moving towards military normalization, regional geopolitics in the East and South China Sea might be transformed creating new and unlikely alliances and new power blocs.

19.01.2015 12:17

50 terabytes! Snowden leak reveals massive size of F-35 blueprints hack by China
The reported theft by Chinese hackers of blueprints for the US’s F-35 Joint Strike Fighter amounted to 50 terabytes of classified information, documents leaked by NSA whistleblower Edward Snowden have revealed.

19.01.2015 07:40

​China to create ‘naughty list’ of unruly travelers
Following repeated complaints over the behavior of Chinese tourists abroad, authorities have decided to create a national database of unruly travelers. Those placed on the list may face problems when trying to book tickets or make reservations.

17.01.2015 20:07