China

China reveals nearly 60% gold reserves’ growth in 6yrs, gets into 5 top holders
China’s gold holdings grew by 604 tons to 1,658 tons since 2009, according to the data from People’s Bank of China revealed on Friday. The country thus overtook Russia to become the fifth largest holder of gold in the world. The information has been disclosed after a six-year delay. China’s central bank has reported cha [...]
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Iran deal could be reached Sunday or Monday, but major issues remain
A provisional agreement in talks on Iran'€™s controversial nuclear program is expected to be reached on Sunday or Monday, diplomats say, adding that some unresolved issues still remain between the sides. Iran’s nuclear chief Ali Akbar Salehi has said that Tehran and P5+1 group (the US, Britain, France, China, Russia and G [...]
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Russia overtakes Saudi Arabia to become biggest crude exporter to China
In May China imported a record 3.92 million metric tons of crude oil from Russia, which is equivalent to 927,000 barrels per day. Russia has become Beijing's top crude supplier for the first time since October 2005. “Russia is using its good relationship with China to increase supplies and has now taken the top spot,” Gao [...]
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Russia’s largest bank issues first credit guarantees in yuan
Sberbank has issued its first yuan-denominated letters of credit that involve funding from the Export-Import Bank of China to Russia’s largest pharmaceutical company. Pharmasyntez, Russia’s leading drug manufacturer, appealed to Sberbank with a request for funding credit guarantees in Chinese national currency as part of [...]
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‘Nuclear war our likely future’: Russia & China won’t accept US hegemony, Reagan official warns
The White House is determined to block the rise of the key nuclear-armed nations, Russia and China, neither of whom will join the "world's acceptance of Washington's hegemony," says head of the Institute for Political Economy, Paul Craig Roberts. The former US assistant secretary of the Treasury for economic policy, Dr Paul C [...]
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Moscow, Beijing will seek reconstruction of current world order together – deputy DM
Military cooperation between Russia and China will be aimed against mono-polar world and double standards, the Russian deputy defense minister told reporters after talks with a Chinese official. “Our Chinese colleagues have emphasized that we have similar positions on the problem of challenges and threats. [...]
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“Ditch Cold War mentality”: China hits back at US DoD report
Beijing has voiced "strong opposition" to a US Department of Defense (DoD) report which accused China's military of being a threat and lacking transparency. It also urged the US to abandon its Cold War mentality and stop jeopardizing bilateral relations. The USreport, published on Friday, criticized the actions of China's mil [...]
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US going after Russia, Venezuela as it loses global influence – Maduro to RT
Washington is losing its weight in the international arena and this makes it target Russia and Venezuela, as well as attempt to curtail China’s growth, Venezuelan President Nicolas Maduro told RT's Spanish-language channel in an exclusive interview. In March, the US declared Venezuela a threat to its national security wh [...]
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Chinese warships to join Russian Navy in Black Sea, Mediterranean for historic drill
Two Chinese missile frigates will enter the Russian Black Sea naval base of Novorossiysk for the first time in history. They will then conduct joint exercises with Russia in the Mediterranean. The Linyi and the Weifang will enter the port of Novorossiysk on May 8 to take part in Victory Day celebrations, according to the Russ [...]
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Russia, China agree to integrate Eurasian Union, Silk Road, sign deals
Russia and China have signed a number of energy, trade and finance deals on Friday aimed at strengthening economic ties. The two countries have multiple mutual projects which "achieved a unity of views on a wide range of issues." Russian President Vladimir Putin and Chinese leader Xi Jinping have signed a decree on cooperatio [...]
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China fast builds “counter-space” capabilities to counter US satellites, Pentagon warns
Part of China's rapidly developing space program consists of testing new anti-space technologies, even though the country publicly pledges not to militarize space, the Pentagon said in a report to Congress. “By the end of October 2014, China had launched 16 spacecraft, either domestically or via a commercial space launch pr [...]
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Putin: Russia & China worst affected by WW2, reject rehabilitation of Nazism & militarism
Russia and China suffered the worst casualties during World War II and thus have the greatest reasons to oppose attempts to rehabilitate Nazism and militarism, Russian President Vladimir Putin said after meeting China's President Xi Jinping. [...]
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Space duo: Russia invites China to create joint lunar station
Moscow may team up with Beijing to create a scientific station on the Moon. The challenge for Russia is to build its own space station by 2024 to achieve its lunar exploration goals. According to Russian Deputy Prime Minister Dmitry Rogozin, who supervises defense-related policies, the question on "bringing China in as the ma [...]
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China, Russia to hold first-ever Mediterranean naval exercise
The Russian and Chinese Navies are to hold a joint exercise in the Mediterranean Sea in mid-May, a first in that part of the world. A total of nine warships from the two countries are to participate, Beijing said. "The aim is to deepen both countries' friendly and practical cooperation, and increase our navies' ability to joi [...]
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China and Russia to increase trade to $100bn in 2015
China intends to ramp up trade with Russia to $100 billion in 2015, the Chinese Ambassador to Russia Li Hui has said. The $4.7 billion increase from last year cements the countries commitment to boosting cooperation in finance and energy. "We intend to increase bilateral trade to $100 billion this year,” Hui said at a news [...]
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Russian govt approves gas supplies to China via the world’s biggest pipeline
Russia's upper house of Parliament, the Federation Council, has ratified the plan to deliver 38 billion cubic meters of natural gas to China. The deliveries are slated to begin as early as 2018. The bill hashes through the detail of exactly how the nearly 4,000 kilometer long pipeline will be built and operated. [...]
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US should write laws of global economy, not China – Obama
The laws of the global economy should be written by the United States and not by the likes of China according to President Obama, as concern over China's influence is growing. Washington hopes a Pacific free trade pact will curb Beijing's investment bank. "When 95 percent of our potential customers live abroad, we must be sur [...]
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