After the frantic GDP growth of the past decade in the BRICS (Brazil, Russia, India, China and South Africa) countries, experts are trying to assess how far the benefits of this growth have trickled down to their citizens.
China is planning to beef up its combat capability by increasing resources in a "new-type combat force," which includes integrating air and space capability in reaction to the international development of space weapons, local media reported.
By 2018 China will be Russian energy’s biggest customer, along with huge trade volume between the two states. So it makes sense for Russia to take advantage of the China’s Union Pay system, Chinese expert, Andrew Leung, told RT.
With $1.7 quadrillion debt and the present bailout policy that will inflate prices, we’ll see the West collapsing while China and Russia will not be responsible for it or able to help, Lawrence Freeman from Executive Intelligence Review Magazine told RT.
China’s rejection of shipments of US corn containing traces of unapproved genetically modified maize has caused a significant drop in exports. According to a new report, US traders have lost $427 million in sales.
Residents of Lanzhou, northwest China, have started panic-buying bottled water after city authorities confirmed the lethal chemical compound benzene was contaminating the city’s drinking water at 20 times the national safety level.
Police in Hong Kong are searching through a landfill site after cleaners allegedly tossed a multi-million dollar painting in the trash. The ink-wash painting ‘Snowy Mountain’ had been auctioned off the day before for US$3.7 million.
China has warned the United States against meddling in Hong Kong’s internal affairs after Vice President Joe Biden met with two former Hong Kong legislators who expressed concern that Beijing is tightening control over the territory.
The Chinese economy continues to cool, and the World Bank has lowered its 2014 forecast to 7.6 percent growth, down from an earlier 7.7 percent. The global recovery remains shaky as 2014 kicks off with a “bumpy start”.
The US Defense Secretary is in China building bridges following the recent scandal of the NSA staging cyber-attacks against the Chinese government and business. Beijing expects Washington to set an example of ‘intelligence restraint’ in cyber space.