China

China Better Economic Choice Than US for EU
The United Kingdom and the European Union face a critical choice about the direction of future trade policies with the rest of the world. Should the EU deepen its already heavy exposure to the US even as the country turns inward, or should it begin to diversify its trade relations toward a less familiar albeit increasingly prosperous China? [...]
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Russia-China trade to continue booming while US faces risk of recession – expert
Bilateral trade between Russia and China has grown steadily and the positive trend will continue, according to Xu Sitao, chief economist with Deloitte, consulting in China. He warned US economy is facing risk of recession by 2020.  Xu said China has become the largest export market for Russia since 2017, accounting for roughly 12-13 percent of Russian exports. [...]
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Yuan oil contracts to strengthen China’s currency status to compete with US dollar – analyst
As more countries pay for oil in yuan, the standing of the Chinese currency in global finance has grown, an analyst tells RT. However, its future path won’t be completely smooth, he warns. “If people started to pay for oil in yuan, central banks would need to hold reserves in yuan, leading to a massive increase in the global demand for yuan, reducing the cost of financing the Chinese economy, [...]
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“Chinese Were Prepared, EU Companies Were Not” for US’ Iran Sanctions – Analyst
China’s state-owned energy giant CNPC is ready to replace French energy company Total’s stake in the Iranian South Pars gas project. In 2017, Total and CNPC signed a 20-year contract worth 4.8 billion dollars to develop Phase 11 of Iran’s South Pars field. Sputnik spoke with political analyst Tom McGregor about CNPC’s acquisition plan. [...]
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EU States, Russia, China to Discuss New Iran Deal, Leaving US Sidelined – Report
According to Reuters' sources, the meeting will solely focus on the implementation issues and details of the Iran nuclear deal. Diplomats from Germany, France, Britain, led by senior EU diplomat Helga Schmid, and also from Russia and China, will be meeting in Vienna next week to discuss a new agreement with Iran similar to the 2015 deal, but one that would put curbs on Tehran's ballistic [...]
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Washington wants to drive wedge between Russia, China & Europe – analyst
The real goal behind recent US sanctions is to isolate Russia economically from Europe and Asia, according to an analyst interviewed by RT. “The most obvious reason for sanctions is to drive a wedge into the relationship between Russia and the European Union, between Russia and China, etc.” said TeleTradeBel analyst Mikhail Grachev. [...]
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China’s Petro-Yuan Contracts on Steady Rise Amid Renewed US Sanctions on Iran
Washington’s intention to re-impose the "toughest" sanctions on Iran appears to be playing into the hands of Chinese investors and oil futures traders, analysts have come to believe. Shanghai crude oil futures ISCc1 have recently seen a significant uptick in their trade volumes, which hit a record 250,000 lots last Wednesday, a day after Trump announced the US was withdrawing from the 2015 Iran [...]
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China’s petro-yuan ‘thundering into action’ as Iran ditches US dollar in oil trade
Washington’s renewed sanctions on Tehran supports China’s newly established oil futures, analysts say. The sanctions can make the yuan a more preferable currency than the dollar on the oil market. Since their launch in May, the interest in the renminbi-backed oil contracts has steadily surged. Traded daily volumes hit a record 250,000 lots last Wednesday, and the share of yuan contracts in glo [...]
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Ten O’Clock to Tehran: China Launches New Rail Link with Iran as US Severs Ties
Beijing has officially opened its new train route to Iran, as the US urges its companies to wind down their operations with the Islamic Republic. As US President Donald Trump hardens his confrontational attitude to Tehran, tearing up the 2015 nuclear deal and calling for a new sanctions regime, China is more than ready to grab the opportunity for trade by opening a new international railroad conne [...]
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Europe trails Russia & China, lacking political weight to face down US – Galloway
While Washington is challenging the multipolar world with unilateral actions, Europe has vowed to challenge its hegemony. However, it has not enough character and political will to fit the role, former UK MP George Galloway says. The US decision to pull out from the long-weaved nuclear deal with Iran prompted the EU to consider replacing its overseas ally “as an international actor.” [...]
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Unintended Consequences: How Trump Brought Russia, China, India Closer Together
An upcoming Wuhan summit between Chinese President Xi Jinping and Indian Prime Minister Narendra Modi is likely to bring the relationship between China and India – Russia's allies – to a new level. Washington's assertive foreign policy prompted Moscow, Beijing and New Delhi to team up. [...]
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After Trump’s Tariff Threats, China Makes $30 Trillion Hostile Bid To Buy U.S.
President Xi Jinping shrewdly counters coming trade war with surprise offer to purchase America outright. President Donald Trump claimed on Monday that he working on “a huge deal with China that will bring more than $30 trillion into America. No president has ever done anything like this before and it’s all because of my tariff pressure! SMART!” In a series of tweets, Mr. Trump also called t [...]
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U-Turn: Why Dominica Turned Back on Taiwan, Befriended China
Beijing continues to lure away the handful of countries which still maintain diplomatic ties with Taiwan. On Tuesday, the Dominican Republic became the latest country to break away from Taipei and establish diplomatic relations with mainland China. Sputnik Mundo has discussed the reasons behind this dramatic U-turn and its potential impact for the region with Andrei Sidorov, an assistant professo [...]
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‘US will say they saved the world’ while peaceful Russian approach on N. Korea won – Moscow
Pyongyang’s move to halt nuclear and missile tests is more the result of collective efforts, including that of Russia and China, than US threats to “wipe off the map” North Korea, a top Russian senator says. [...]
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Nobody ‘stealing’ your jobs, you spend too much on wars, Alibaba founder tells US
Chinese billionaire and Alibaba founder Jack Ma believes that improper distribution of funds and hyper inflated US military spending, not globalization or other countries “stealing” US jobs, is behind the economic decline in America. The Chinese business magnate earlier in January met with US President-elect Donald Trump, who has bemoaned the loss of American industry and jobs due to the outso [...]
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Germany’s loss is China’s gain on Russian market thanks to new US sanctions
Washington's latest round of sanctions targeting Russian business will cost the German economy billions of euros, according to estimates revealed by the Russian-German Foreign Trade Chamber (AHK). “The recent sanctions of the US against Russia may cost the German economy billions of euros in years to come,” the report said. [...]
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When Size Matters: China to Open World’s Longest Bridge (PHOTOS)
The grandiose construction of the century has been completed; the world’s longest sea bridge connecting Hong Kong, Zhuhai and Macau will be opened this year. The chief engineer and the inspiration behind the project, 43-year-old Zhang Jinwen told Sputnik about how they started designing the bridge 18 years ago, the difficulties that the engineers had encountered in building one of the world’s [...]
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Gold glitters & dollar declines as US-China trade war escalates
The price of the traditional safe haven gold increased on Monday after Beijing introduced retaliatory measures against American goods coming to China. After falling in the past three trading sessions, the yellow metal surged over $8 per troy ounce to $1,335. [...]
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Russia & China to merge satellite tracking systems into one global navigation giant
Moscow and Beijing will team up to create an integrated navigation system based on Russia’s Global Navigation Satellite System (GLONASS) and the Chinese BeiDou. The satellite system will cover most of Eurasia. The countries will reportedly negotiate the merger in May at the International Conference on Advanced Technologies in Manufacturing and Materials Engineering in the Chinese city of Harbin, [...]
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