European business lobby says time is running out for China’s reforms

By Michael Martina BEIJING, June 20 : Time is running out for Beijing to fulfil its reform promises if it hopes to maintain stable growth, a top European business lobby said on Wednesday, contending that the roots of U.S.-China trade tensions began in China. Despite the Chinese government’s repeated pledges to further open its economy, […]

US shale producers warn Chinese tariffs would hit energy exports

By Ernest Scheyder and Collin Eaton HOUSTON, June 20 : China’s proposed tariffs on US petroleum imports, part of a mounting trade war between the two countries, would crimp sales to the shale industry’s largest customer, adding new pressure on U.S. crude prices, energy executives and analysts said in interviews this week. China has said […]

China-based campaign breached satellite, defense companies -Symantec

By Joseph Menn SAN FRANCISCO, June 19 : A sophisticated hacking campaign launched from computers in China burrowed deeply into satellite operators, defense contractors and telecommunications companies in the United States and southeast Asia, security researchers at Symantec Corp said on Tuesday. Symantec said the effort appeared to be driven by national espionage goals, such […]

As trade war with China looms, U.S. readies second wave of duties

By Michael Martina and David Lawder BEIJING/WASHINGTON, June 15 : The United States has nearly completed a second list of tariffs on $100 billion in Chinese goods, as President Donald Trump prepares to enact an initial round of duties that is expected to trigger an in-kind response from Beijing, several sources said. The second wave […]

Trump-Kim summit pleases China, while Japan puts on brave face

By Christian Shepherd and Linda Sieg BEIJING/TOKYO, June 12 : With U.S. President Donald Trump setting the course for normalising ties with North Korea and even saying war games with South Korea would end, China appeared a winner from Tuesday’s summit, as Japan tried putting a brave face on the outcome. Trump and North Korean […]

China suggests sanctions relief for NKorea after US summit

By Christian Shepherd BEIJING, June 12 : China suggested on Tuesday that sanctions relief could be considered for North Korea, after US President Donald Trump and North Korean leader Kim Jong Un pledged to work toward complete denuclearisation of the Korean peninsula. China has signed up for increasingly tough U.N. sanctions against its isolated neighbour […]