China

  • Sanctions dodge: India to pay gold for Iran oil, China may follow

    India has reportedly agreed to pay Tehran in gold for the oil it buys, in a move aimed at protecting Delhi from US-sanctions targeting countries who trade with Iran. China, another buyer of Iranian oil, may follow Delhi’s lead.

    The report, by the Israeli-based news website DEBKAfile, states that Iran and India are negotiating backup alternatives with China and Russia, should the US and EU find a way to block the gold payment mechanism.

    Link: 
    Read more via Russia Today...
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    Submitted by admin on Wed, 01/25/2012 - 7:09am

  • China's Hu urges navy to prepare for combat

    BEIJING —
    Chinese President Hu Jintao on Tuesday urged the navy to prepare for military combat, amid growing regional tensions over maritime disputes and a U.S. campaign to assert itself as a Pacific power.

    The navy should “accelerate its transformation and modernization in a sturdy way, and make extended preparations for military combat in order to make greater contributions to safeguard national security,” he said.

    Addressing the powerful Central Military Commission, Hu said: “Our work must closely encircle the main theme of national defense and military building.”

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    Read more via Japan Today...
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    Submitted by admin on Wed, 12/07/2011 - 5:40am

  • UN sanctions against Iran 'exhausted': Russia envoy

    UNITED NATIONS: Russia believes new UN sanctions against Iran's nuclear program are no longer possible, Moscow's UN envoy said Friday condemning "threats" being made against Tehran and Syria by the West.

    "We believe that the sanctions track in the Security Council has been exhausted," ambassador Vitaly Churkin told a press conference when asked about possible action against Iran.

    "We continue to believe very strongly that negotiations should continue with Iran."

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    Submitted by admin on Sun, 12/04/2011 - 1:01pm

  • Bangkok near chaos, with flood mobs and drinking water shortage

    by Thaweeporn Kummetha

    BANGKOK, Oct. 31 (Xinhua) -- As authorities have been building flood barriers to prevent inner Thailand's capital from deluge, some residents outside flood barriers, who have been living with floodwater for months, started to express their anger and tried to damage the floodgate.

    So far, about 1,200 households in 13 districts in north, west and east of Bangkok have been affected by flood that entered the capital mid October, according to Disaster Prevention and Mitigation report on Monday.

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    Submitted by admin on Fri, 11/04/2011 - 3:33am

  • Senate passes China currency bill

    WASHINGTON (CNNMoney) -- In a rare showing of bipartisanship, the Senate passed a bill on Tuesday targeting China's undervalued currency -- long accused of hampering the U.S. economy.

    The Senate voted 63-35 to slap new duties on imports from nations whose currency is undervalued -- a provision aimed squarely at China's yuan. Lawmakers say the bill is intended to help U.S. businesses hurt by ongoing global trade imbalances and lost business to Asian nations.

    Link: 
    http://money.cnn.com/2011/10/11/news/economy/china...
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    Submitted by admin on Wed, 10/12/2011 - 6:54am
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