Malaysia wants to be friendly, not indebted, to China, says Mahathir

By Elaine Lies TOKYO, June 11 : Malaysian Prime Minister Mahathir Mohamad said on Monday his country will remain friendly with China, which invested billions of dollars during the previous Najib Razak government, but will not be “indebted to China”. Mahathir, in Tokyo on his first foreign trip since winning a shock election last month, […]

China’s ZTE apologizes, pledges reboot after U.S. reprieve

By Sijia Jiang and Sue-Lin Wong HONG KONG/SHENZHEN, June 8 : The chairman of ZTE Corp apologised to staff and customers on Friday after the Chinese technology firm agreed to pay a $1 billion fine to the United States to end a ban that has crippled key businesses, including smartphones. The ban, which traces back […]

Oil falls on dip in China demand, surging U.S. output

By Henning Gloystein SINGAPORE, June 8 : Oil prices reversed earlier gains on Friday and fell as surging U.S. output as well as signs of weakening demand in China weighed on markets, even though supply woes in Venezuela and OPEC’s ongoing production cuts offered crude some support. After gaining some ground early in the session, […]

China’s export growth steady in May, import growth faster but not from US

By Lusha Zhang and Elias Glenn BEIJING, June 8 : China maintained solid export growth of 12.6 percent in May, slightly slower than in April, but still providing good news for Beijing’s policymakers as they deal with tough trade negotiations with Washington. Imports also rose more than anticipated in May and at the fastest pace […]

U.S. lawmakers press Facebook over Chinese data sharing

By David Shepardson WASHINGTON, June 6 : Two key U.S. lawmakers on Wednesday rebuked Facebook Inc for not being more transparent over its data sharing practices after the social media company said it had collaborated with at least four Chinese companies, including a smartphone maker that has raised U.S. security concerns. The top Republican and […]

EU warns UK-centred China import scam may shift to Europe’s “Silk Road”

By Francesco Guarascio BRUSSELS, June 6 : – European Union anti-fraud investigators suspect Greece and Hungary may have become the main EU centres of a multi-million-euro scam involving imports of Chinese clothing and footwear that uses the infrastructure of China’s new “Silk Road”. The large-scale fraud, which involves underdeclaring the value of imported goods to […]