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China fuels US foreign student boom Washington (AFP) Nov 16, 2009 
Soaring interest by Chinese students has led to record foreign enrollment at US universities, offering a potential boon to the United States both economically and politically, a study said. Indians remained the biggest group of foreign students in the United States in the last academic year but their numbers appeared to be leveling off, while strong growth came from China, Vietnam and ... read moreChina, US vow joint efforts to address trade rancour 
Beijing (AFP) Nov 17, 2009China and the United States on Tuesday pledged to resolve their lingering trade disputes and combat protectionism, as visiting US President Barack Obama called on Beijing to let the yuan rise. Comments by Obama and Chinese President Hu Jintao to reporters after their summit however gave no further specifics on how the two economic giants planned to defuse mounting trade rancour marked by a ... more
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Chinese demand for platinum to hit record high: survey
London (AFP) Nov 17, 2009Chinese demand for platinum jewellery is soaring towards a record annual high thanks to a sharp drop in the precious metal's price, leading metals group Johnson Matthey forecast on Tuesday. In a key report on platinum, Johnson Matthey said the metal would trade between 1,280 and 1,550 dollars an ounce during the next six months -- still a long way off a record high of 2,301.50 dollars ... more APEC eyes trans-Pacific free-trade zone 
Singapore (AFP) Nov 12, 2009Asia-Pacific economies pledged Thursday to pursue a giant free-trade zone covering 2.6 billion people and called for easier access to green technology to combat climate change. Foreign and trade ministers of the Asia-Pacific Economic Cooperation (APEC) group said they would direct their officials to study ways to achieve the long-term vision for a "Free Trade Area of the Asia Pacific", or ... more Obama under fire on trade as Asia-Pacific leaders meet 
Singapore (AFP) Nov 15, 2009US President Barack Obama came under fire Saturday from Asia-Pacific leaders for backsliding on free trade at a regional summit devoted to driving the world economy out of crisis. "President Obama is facing severe political constraints that run counter to free trade," Mexican President Felipe Calderon said, complaining about US foot-dragging on full implementation of the NAFTA pact for North ... more Taiwan signs financial agreements with China
Taipei (AFP) Nov 16, 2009Taiwan signed three long-anticipated financial memoranda of understanding with China Monday, paving the way for closer cooperation in banking, insurance and securities, Taiwanese authorities said. The agreements, the latest sign of improving ties between the former arch rivals, follow long standing pressure from the island's finance industry to gain greater access to the huge mainland market ... more |
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China, US locked in battle but trade war unlikely: experts
Beijing (AFP) Nov 13, 2009China is locked in a series of tit-for-tat anti-dumping probes with its top trading partners, the United States and the European Union, but an all-out trade war is unlikely, experts say. After months of low-level tensions, Beijing and Washington stepped up the the rhetoric last week, just ahead of a high-profile visit starting Sunday by US President Barack Obama, signalling that trade could ... more China Oct trade surplus nearly doubles: customs
Beijing (AFP) Nov 11, 2009China's trade surplus nearly doubled in October from the previous month, official data showed Wednesday, indicating overseas demand for Chinese goods was strengthening. The nation's trade surplus rose to 23.99 billion dollars in October, up from 12.93 billion dollars in September, the General Administration of Customs said in a statement on its website. Exports fell 13.8 percent to ... more China, US keen to avoid trade war: US official 
Beijing (AFP) Nov 10, 2009The United States and China will work to keep their latest tit-for-tat trade spats from escalating into an all-out war, a top US official said Tuesday, just days before a visit by President Barack Obama. Robert Hormats, the US Under Secretary of State for Economic, Energy and Agricultural Affairs, said "tensions, misunderstandings and frictions" were inevitable between major trade partners a ... more Rio wants to work with spurned Chinalco: chief 
Sydney (AFP) Nov 10, 2009Anglo-Australian miner Rio Tinto said Tuesday it was interested in collaborating with Chinalco, months after rejecting a massive cash injection from the state-owned Chinese firm. Rio chief executive Tom Albanese also said the company hoped for a "timely and transparent resolution" of the case against top executive Stern Hu, who was arrested in China weeks after the 19.5 billion US dollar ... more |
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