Posts tagged as china

China’s largesse in Tonga threatens future of Pacific nation

Wednesday, July 10, 2019

The days unfold at a leisurely pace in Tonga, a South Pacific archipelago with no traffic lights or fast-food chains. Snuffling pigs roam dusty roads that wind through villages dotted with churches. Yet even in this far-flung island kingdom there are signs that a battle for power and influence is heating up among much larger nations — and Tonga may end up paying the price. In the capital, Nuku’alofa, government…

In ‘The Farewell,’ a family drama straddling East and West

By Jake Koyle on Wednesday, July 10, 2019

Film director Lulu Wang knew her pitch for “The Farewell” was unconventional. She wanted to make an autobiographical drama about the time when, in 2013, her family learned that her grandmother in China, affectionately called Nai Nai, had stage 4 lung cancer and was given three months to live. The grim diagnosis was kept from Nai Nai, a somewhat common approach to death and dying in China. Wang, whose family…

Christian family details crackdown on church in China

Monday, July 8, 2019

The Sunday service this week at an unassuming church in Taiwan was especially moving for one man. It was the first time Liao Qiang had worshipped publicly since authorities shut down his church in China seven months ago. The 49-year-old arrived in Taiwan last week after fleeing China with five family members. He and his 23-year-old daughter, Ren Ruiting, described living under constant surveillance for the past seven months after…

Stock markets on a rise following USA and China agreeing to restart trade talks

Wednesday, July 3, 2019

Following the agreement reached between US President Donald Trump and China’s President Xi Jinping during the G20 Summit in Osaka in regards to restarting trade talks between the two countries, the world’s stock markets experienced considerable growth. Oil prices also increased because OPEC and other oil harvesting countries agreed to maintain oil harvest levels on the current level for nine more months. Euro value before US dollar reduced, British pound…

China-US talk trade on sidelines of G-20 finance gathering

Saturday, June 8, 2019

U.S. Treasury Secretary Steven Mnuchin said Saturday that he plans to speak privately with China’s central bank governor about trade on the sidelines of annual Group of 20 finance talks in southern Japan, but has no direct message to give him. Mnuchin and Yi Gang, chairman of the People’s Bank of China, are due to hold routine talks on various issues and then break away for their discussion on trade.…

China blames US for trade dispute, but doesn’t escalate

Monday, June 3, 2019

China fired back at the U.S. Sunday over the two nations’ trade dispute, issuing a report that blamed the conflict on the Trump administration but refrained from escalating the trade war. The report from the Cabinet spokesman’s office said China won’t back down on “major issues of principle,” but offered no sense of whether or how the world’s second largest economy might retaliate against U.S. tariffs on goods manufactured in…

Economist: US-China trade conflict jeopardizing Estonia’s export

Monday, May 13, 2019

The trade conflict between the United States and China is jeopardizing also the export outlooks of Estonia, Swedbank chief economist Tonu Mertsina said on Friday, commenting on import-export data for March. “Although in the first quarter of this year the growth in the export of goods made in Estonia was relatively robust — 8 percent in both current and constant prices — the growth has slowed down in comparison with…

U.S. considerably increases trade tariffs on Chinese goods

Friday, May 10, 2019

Escalating American trade dispute with China, Washington has on Friday considerably raised the customs tariffs on Chinese goods as the two trading partners are in talks on their future trade relationship. French news agency AFP reports that on Friday, May 10, the U.S. increased punitive duties on USD 200 billion (EUR 178 billion) in imports from 10 to 25 percent. The Chinese commerce ministry has responded it «deeply regrets» the…

Scandinavia, Baltic Set to Become China’s Newest Playground

Monday, April 22, 2019

On a map, they appear so close together: Helsinki and Tallinn, the capitals of Finland and Estonia, sit just 50 miles from each other across the Gulf of Finland. Yet in practice, they couldn’t seem farther apart, especially given their close cultural, linguistic and, increasingly, economic ties. On a good day, it takes about two hours by ferry to cross the often choppy waters. But not for long, if an ambitious…

Lithuanian Railways to transport Chinese postal items within Lithuania

Tuesday, April 16, 2019

Lietuvos Gelezinkeliai (Lithuanian Railways) will begin to transport Lithuania-bound postal items from China within the country’s territory for the first time this year, with the first trial shipment scheduled for May, informed LETA/BNS. Lietuvos Gelezinkeliai and OTLK, a company that organizes freight shipments between China and Western Europe, signed the respective agreement in Moscow on Tuesday, the state railway operator said. Containers would be shipped to Lithuania within 7 days. Lietuvos…