Tag Archives: #CHINA

Chinese trade with North Korea jumped 10.5% in the first half of this year, according to China Customs data

China’s imports from North Korea dropped 13.2 percent in January-to-June to $880 million, data from Chinese customs showed on Thursday.

Exports to North Korea rose 29.1 percent to $1.67 billion during the period, the data showed.

China’s trade with North Korea expanded by 10.5 percent to $2.55 billion in the six months

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http://www.cnbc.com/2017/07/12/chinese-trade-with-north-korea-jumped-10-point-5-percent-in-the-first-half-of-this-year-according-to-china-customs-data.html

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U.S., Hardening Line on China, Approves $1 Billion Arms Sale to Taiwan – NYTimes.com

WASHINGTON — The State Department approved on Thursday selling more than $1 billion in arms to Taiwan in yet another sign that the Trump administration is embracing a far more confrontational approach with China.

Heather Nauert, a State Department spokeswoman, underscored that the military sales have no effect on the United States’ “One China” policy, which President Trump suggested in December may be under review. Mr. Trump later affirmed to Chinese President Xi Jinping that he would honor the decades-old policy, under which the United States recognized a single Chinese government in Beijing and severed its diplomatic ties with Taiwan.

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https://mobile.nytimes.com/2017/06/29/us/politics/trump-china-weapons-taiwan.html?referer=http://www.drudgereport.com/

China builds new military facilities on South China Sea islands: think tank | Reuters

China has built new military facilities on islands in the South China Sea, a U.S. think tank reported on Thursday, a move that could raise tensions with Washington, which has accused Beijing of militarizing the vital waterway.

The Asia Maritime Transparency Initiative (AMTI), part of Washington’s Center for Strategic and International Studies, said new satellite images show missile shelters and radar and communications facilities being built on the Fiery Cross, Mischief and Subi Reefs in the Spratly Islands.

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http://mobile.reuters.com/article/idUSKBN19L02J

China’s Role in Hollywood Grows With Bison Takeover of Cinedigm – Bloomberg

China’s Role in Hollywood Grows With Bison Takeover of Cinedigm

June 29, 2017, 4:53 PM EDT

Bison Capital, a Hong Kong-based investor in film and TV production, agreed to acquire a majority stake in Cinedigm Corp., which creates programs for Netflix Inc. and other online outlets

Bison will buy 20 million newly issued shares of Cinedigm for up to $30 million and provide as much as $10 million in working capital, according to a statementThursday. Los Angeles-based Cinedigm is also in talks to exchange its 5.5 percent convertible notes due in 2035.

The takeover of Cinedigm, which got its start helping smaller theater chains convert to digital projection, highlights the growing interest Chinese investors have in owning the films and TV shows that play in their fast-growing domestic market.

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https://www.bloomberg.com/news/articles/2017-06-29/china-s-role-in-hollywood-grows-with-bison-takeover-of-cinedigm

China finishing South China Sea buildings that could house missiles – U.S. officials

China, in an early test of U.S. President Donald Trump, has nearly finished building almost two dozen structures on artificial islands in the South China Sea that appear designed to house long-range surface-to-air missiles, two U.S. officials told Reuters.

The development is likely to raise questions about whether and how the United States will respond, given its vows to take a tough line on China in the South China Sea.

China claims almost all the waters, which carry a third of the world’s maritime traffic. Brunei, Malaysia, the Philippines, Taiwan and Vietnam also have claims. Trump’s administration has called China’s island building in the South China Sea illegal.

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http://mobile.reuters.com/article/idUSKBN161029

China warns U.S. against fresh naval patrols in South China Sea


China’s Foreign Ministry on Wednesday warned Washington against challenging its sovereignty, responding to reports the United States was planning fresh naval patrols in the disputed South China Sea.

On Sunday, the Navy Times reported that U.S. Navy and Pacific Command leaders were considering freedom of navigation patrols in the busy waterway by the San Diego-based Carl Vinson carrier strike group, citing unnamed defense officials.

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http://mobile.reuters.com/article/idUSKBN15U16Y?il=0

As Trump stresses ‘America First’, China plays the world leader


China is calmly mapping out global leadership aspirations from trade to climate change, drawing distinctions between President Xi Jinping’s steady hand and new U.S. President Donald Trump, whose first days have been marked by media feuds and protests.

Just days ahead of Trump taking office, a self-assured Xi was in Switzerland as the keynote speaker at the World Economic Forum in Davos, offering a vigorous defense of globalization and signaling Beijing’s desire to play a bigger role on the world stage.

China says will protect South China Sea sovereignty

BEIJING/WASHINGTON
China said on Tuesday it had “irrefutable” sovereignty over disputed islands in the South China Sea after the White House vowed to defend “international territories” in the strategic waterway.

White House spokesman Sean Spicer in his comments on Monday signaled a sharp departure from years of cautious U.S. handling of China’s assertive pursuit of territorial claims in Asia.

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http://mobile.reuters.com/article/idUSKBN1572M4

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