China – Page 164 – THE OVAL CIRCLE

China may test digital yuan on country’s biggest food delivery app

Posted on July 15, 2020July 15, 2020By Editor

The People’s Bank of China may test its sovereign digital currency on a popular food delivery service run by Meituan Dianping, a platform with 450 million users in hundreds of cities across the country. … Read More >China may test digital yuan on country’s biggest food delivery app

Business

China shows ‘indication of accelerating economic recovery’ as exports & imports grow for first time since Covid-19 pandemic

Posted on July 15, 2020July 15, 2020By Editor

China’s customs data beat expectations of decline on Tuesday, showing that exports and imports grew significantly in June. The positive data comes as restrictions eased and countries started reopening their economies. … Read More >China shows ‘indication of accelerating economic recovery’ as exports & imports grow for first time since Covid-19 pandemic

Asia & Pacific

Beijing vows tit-for-tat sanctions & says retaliation INEVITABLE unless US changes course after Trump signs new HK legislation

Posted on July 15, 2020July 15, 2020By Editor

China said it would impose sanctions on the US after US President Donald Trump signed legislation to punish Beijing for “oppressive acts” in Hong Kong and an executive order ending all preferential treatment for the city. … Read More >Beijing vows tit-for-tat sanctions & says retaliation INEVITABLE unless US changes course after Trump signs new HK legislation

Asia & Pacific

Beijing slams ‘troublemaker’ US for undermining peace in South China Sea, denies allegations of creating ‘maritime empire’

Posted on July 14, 2020July 14, 2020By Editor

China has hit back at US Secretary of State Mike Pompeo, who accused it of wanting to create an “empire” in the South China Sea. Washington only disrupts peace in the region, Beijing said. … Read More >Beijing slams ‘troublemaker’ US for undermining peace in South China Sea, denies allegations of creating ‘maritime empire’

Asia & Pacific

Beijing says US seeks to ‘disrupt peace’ in South China Sea after Washington formally rejects China’s territorial claims

Posted on July 14, 2020July 14, 2020By Editor

China has accused the US of trying to inflame tensions among powers that have stakes in the South China Sea. The rebuke comes after Washington formally rejected China’s territorial claims in the region on behalf of US allies. … Read More >Beijing says US seeks to ‘disrupt peace’ in South China Sea after Washington formally rejects China’s territorial claims

Business

Russia supplies first shipment of Arctic oil to China

Posted on July 13, 2020July 13, 2020By Editor

Russian energy giant Gazprom Neft has started supplying crude from its Novy Port Arctic oil field to China. The first batch amounting to 144,000 tons of crude was delivered to Yantai port, the company announced. … Read More >Russia supplies first shipment of Arctic oil to China

Business

China’s 5G phone shipments see ‘explosive growth,’ gaining larger share of mobile phone market

Posted on July 13, 2020July 13, 2020By Editor

Shipments of 5G phones in China reached 17.51 million units last month, according to data from the China Academy of Information and Communications Technology (CAICT). … Read More >China’s 5G phone shipments see ‘explosive growth,’ gaining larger share of mobile phone market

Asia & Pacific

WHO team probing origins of coronavirus to work with Chinese scientists in Wuhan

Posted on July 13, 2020July 13, 2020By Editor

A two-member advance team of the World Health Organization (WHO) dispatched to Wuhan to probe the origins of the Covid-19 outbreak will undertake preliminary work with local scientists, the agency’s emergencies chief has said. … Read More >WHO team probing origins of coronavirus to work with Chinese scientists in Wuhan

Asia & Pacific

Tit for tat: China blacklists US Senators Rubio, Cruz & other officials in response to sanctions over Xinjiang

Posted on July 13, 2020July 13, 2020By Editor

Beijing has placed sanctions on several US officials, including hawkish Republican Party Senators Marco Rubio and Ted Cruz. China said the move was made in response to US sanctions over the treatment of Uyghurs by Beijing. … Read More >Tit for tat: China blacklists US Senators Rubio, Cruz & other officials in response to sanctions over Xinjiang

Business

China set to fall short on US energy purchases

Posted on July 12, 2020July 12, 2020By Editor

China and the US agreed under phase-1 of the trade deal that the Asian nation would buy some $26 billion of US energy this year, but China is unlikely to meet that goal. … Read More >China set to fall short on US energy purchases

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