Tag: Chinese

NEWS

Philippine Actions In South China Sea ‘Extremely Dangerous’ – Chinese State Media 

BEIJING — Chinese state media accused the Philippines Monday of repeatedly infringing on China’s territory in the South China Sea, spreading false information and colluding with extraterritorial forces to cause trouble. The Philippines has relied on U.S. support to continually provoke China, with such “extremely dangerous” behavior seriously harming regional peace and stability, China’s Communist Party mouthpiece, the People’s Daily, wrote in […]

BUSINESS

Apple Sales In A Spot Of Bother

Apple sales have dipped again in the fourth quarter of 2023, despite a record revenue for iPhone and Services. This is the fourth consecutive quarter of year-over-year sales declines for the tech giant, as it faces challenges from supply chain issues, economic uncertainties, inflation, and slower device sales. According to press reports, Apple reported a revenue of $89.5 billion for […]

NEWS

US Shoots Down Chinese Calls To Lift Sanctions

WASHINGTON —Renewed calls by Chinese officials for the lifting of sanctions in exchange for open lines of communication with the U.S. military are echoing into a diplomatic abyss, even as tensions between the two superpowers continue to mount. The Pentagon on Thursday rejected the demand, arguing there is no good reason for high-level Chinese military officials to avoid conversations with […]

NEWS

South Africa President Briefs Xi On African Russia-Ukraine Peace Plan

South Africa’s President Cyril Ramaphosa has briefed Chinese leader Xi Jinping on the upcoming visit by African leaders to Russia and Ukraine in a bid to end hostilities, the South African presidency said Saturday. Chinese state broadcaster reported that the two leaders had a phone call Friday. In a statement, South Africa’s presidency said Ramaphosa told Xi he noted the […]

NEWS

Japan Protests China’s Detention Of Citizen, Maritime Action

TOKYO — Japan’s Foreign Minister Yoshimasa Hayashi protested in a meeting Sunday with his Chinese counterpart the detention of a Japanese national in Beijing and raised “strong concern” about China’s escalating military activity near Taiwan and around Japan. Hayashi is on a two-day visit in China, becoming Japan’s first diplomat to make the trip in more than three years as frictions […]

BUSINESS

TikTok In A Spot Of Bother

According to press reports, the Biden administration is threatening a potential ban of TikTok in the United States if its Chinese owners refuse to sell their stakes in the video-sharing app. The administration’s demand, first reported by the Wall Street Journal, signals a significant shift in the U.S. stance toward Beijing-based ByteDance Ltd., which owns the popular video-sharing app. In […]

BUSINESS

China Sets Growth Rate At 5%

The Chinese government set its 2023 growth target for its economy at around 5%, according to a government work report released at the opening of the country’s annual meeting of parliament on Sunday, as the world’s second-biggest economy began to emerge from three years of severe COVID-19 restrictions. That compares with its 2022 target of around 5.5%. The Chinese economy […]

BUSINESS

Oil Prices Slip

Oil fell more than $2 per barrel on Friday, on track for a second weekly decline, as investors worried about weakening Chinese demand and further increases in US interest rates. Brent crude was down $2.80 at $86.97 per barrel. US West Texas Intermediate crude was down $2.79 at $78.85. Support The Readers Bureau Buy A T-Shirt Today (4 different colors)! […]

BUSINESS

T&T Hit With Billions Of Dollars Claim From Chinese Contractors

The Trinidad and Tobago Government has been hit with a TT$2.5 billion or US$380 million claim from a group of Chinese contractors of an aluminum smelter plant as a result of the cancellation of the project in 2010. Prime Minister Dr. Keith Rowley said the People’s Partnership government headed by Kamla Persad Bissessar had improperly shut down the project. Alutrint […]

NEWS

U.S. Treasury Chief: Biden Considering Gas Tax Holiday, Chinese Tariff Cuts

WASHINGTON — U.S. President Joe Biden is considering declaring a federal gas tax holiday and curbing some tariffs on imported Chinese goods to help Americans cope with the surging cost of consumer goods, Treasury Secretary Janet Yellen said Sunday. “President Biden wants to do anything he possibly can to help consumers,” Yellen told ABC’s “This Week” show. “Gas prices have risen […]