China

China opens up finance sector to more foreign investment

21 July 2019; AFP: China lifted some restrictions on foreign investment in the financial sector Saturday, as the world's second largest economy fights slowing growth at home and a damaging trade war with the United States.

China will remove shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, one year earlier than originally planned, the Financial Stability and Development Committee said in a statement posted by the central bank Saturday.

Hong Kong police seize explosives as rival camps rally

HONG KONG (AP) — Police in Hong Kong discovered a stash of a powerful homemade explosive as the semi-autonomous Chinese city readied for another major pro-democracy protest on Sunday following a pro-Beijing rally that attracted thousands.

Police said they found about 2 kilograms (4.4 pounds) of TATP and arrested a man in a raid on a commercial building late Friday night. TATP, or tri-acetone tri-peroxide, has been used in terrorist attacks worldwide.

China asks India to join fight trade war with US

Beijing, Jul 20 : China has said it values India's concerns on the bilateral trade imbalance and is willing to discuss new approaches to address the issue and asked New Delhi to join Beijing in its fight against "unilateralism and protectionism" amidst a bruising trade war with the US.

India for long has been pressing China to open its pharmaceutical market for Indian pharma exports to address the yawning trade deficit which last year according to Chinese figures, crossed USD 57 billion in a USD 95.5 billion trade.

China's experimental space lab to re-enter earth's atmosphere tonight

Beijing, Jul 19; GANASHAKTI: China's experimental space lab Tiangong-2 will have a "controlled re-entry" into the earth's atmosphere and a small amount of its debris is expected to fall into the South Pacific Ocean on Friday night, the country's space agency said.

The re-entry would take place at a "proper time" tonight, China's Manned Space Engineering Office (CMSEO) said in a press release.

Death toll rises to 10 after China gas plant blast

20 July 2019; AFP: The death toll from a huge explosion that rocked a gas plant in central China rose to 10, state media said Saturday, with five people still missing.

Friday's blast at the Henan Coal Gas Group factory left another 19 people seriously injured and more with light injuries, said state broadcaster CCTV.

The blast shattered windows and doors of buildings in a three-kilometre (1.9-mile) radius.

Pakistani graduates from China vital for CPEC success: Global Times

BEIJING, July 18 (APP): Pakistani students graduating from China are playing a vital role in promoting the deep-rooted friendship between China and Pakistan as well as success of China-Pakistan Economic Corridor (CPEC).

The first group of Pakistani students came to China in 1964. Since then, there has been an increasing trend in the number of students from Pakistan studying in China. This number has witnessed a sharp increase in the last few years in particular, according to an article published by Global Times on Thursday.

China launches STAR, tech stock market to boost industry

BEIJING (AP) — Trading starts Monday on a Chinese stock market for high-tech companies that play a key role in official development plans that are straining relations with Washington.

Regulators have approved 25 companies in information technology and other fields seen by communist leaders as a path to prosperity and global influence for the Shanghai Stock Exchange’s STAR Market.

Australia calls on China to let Uighur mother and son leave

17 July 2019; AFP: Australia's government on Wednesday called on China to allow an Australian child and his Uighur mother to leave the country, stepping up pressure on Beijing days after Canberra co-signed a letter denouncing its treatment of the Muslim minority.

China has rounded up an estimated one million Uighurs and other mostly Muslim Turkic-speaking minorities into re-education camps in the tightly-controlled region of Xinjiang in the country's northwest.

China urges U.S. to correct faulty practices in anti-subsidy probes

BEIJING, July 17 (Xinhua) -- China's Ministry of Commerce has urged the United States to correct faulty practices in anti-subsidy probes against Chinese products, after a World Trade Organization (WTO) report ruled that U.S. countervailing measures were inconsistent with WTO rules.

Upholding the findings of a WTO dispute panel announced in March 2018, the Appellate Body ruled Tuesday Geneva time that the United States acted inconsistently with provisions of the subsidies and countervailing measures agreement in 11 of its countervailing proceedings.

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