Chinese President Xi Jinping (R) and Japanese Prime Minister Shinzo Abe have meet several times in recent years, often on the sideline of global summits, but their territorial disputes over the East China Sea have strained ties [Xinhua]
China and Japan agreed on Friday to establish an air and maritime emergency communication system connecting their respective defense ministries.
Donald Trump, the President-elect has said he would revisit trade relations with China and bring back American companies based there [Xinhua]
Tension between China and the US over President-elect Donald Trump’s phone call with his Taiwanese counterpart Tsai Ing-wen escalated today when Chinese officials warned they opposed relations between Taipei and Washington.
Chinese President Xi Jinping visited Phnom Penh and signed a number of agreements in October [Xinhua]
Cambodia and China are moving beyond agreements made last April to upgrade their bilateral cooperation in security, counter-terrorism and prevention of cybercrime.
Liu Guangyuan, director-general of China’s Department of External Security Affairs of the Foreign Ministry, met with Cambodian Foreign Minister Prak Sokhonn in the Cambodian capital Phnom Penh and agreed to set up a mechanism to boost bilateral cooperation in these fields.
There are some who fear that demonetization could stall India’s stellar economic growth [Xinhua]
India’s central bank kept interest rates unchanged at 6.25 per cent on Wednesday, as the country’s economy continues to bear the weight of demonetization.
The move was unexpected as many had anticipated the bank would drop its interest rates to allow for increased borrowing.
The bank’s monetary policy committee said it needed more time to assess whether scrapping the 500- and 1,000-rupee notes would be detrimental for the economy.
The Syrian army has been edging closer to recapturing all of Aleppo, once the base of operations of the Islamist rebels [Xinhua]
The Syrian government says its forces and allies have recaptured at least 70 per cent of eastern Aleppo, an area of the besieged city that was once the command center of Islamist rebel factions.
Online entertainment, especially streaming and gaming, has gained significant popularity among hundreds of millions of Chinese in the past few years [Xinhua]
Streaming video has become the most popular entertainment tool in China, the China Netcasting Services Association (CNSA) said in its annual report released Thursday.
An increasing number of Chinese are using going online for entertainment, gaming and reading, the report adds.
the five nations agreed to work within the OECD’s Base erosion and profit shifting (BEPS) project, which targets tax avoidance initiatives undertaken by some who exploit existing loopholes between different countries’ tax laws [Xinhua]
Tax officials representing BRICS countries have reiterated their pledge to automatically share tax information between them.
South African President Jacob Zuma has been at odds with some members of parliament recently in regards to his ties with a powerful business family [Xinhua]
The South African Parliament’s Finance Committee said on Tuesday that the Financial Intelligence Centre Amendment Bill, a key piece of legislation that President Jacob Zuma had sent back to the parliament last week, was constitutionally viable.
The Central Bank of Egypt floated the pound currency in October, which led to its devaluation by more than half [Xinhua]
Egypt and China have signed on Tuesday a currency-swap deal worth about $2.6 billion, a move aimed at bolstering economic activities in the cash-strapped North African nation.
The deal is worth 18 million yuan and will last three years, with a possibility for extension upon agreement of both sides, Egypt’s Central Bank said in a statement.
China has always been a strong supporter of Iran’s position in its negotiations with world powers over the nuclear deal [Xinhua]
The Chinese and Iranian foreign ministers on Monday urged the global powers which presided over last year’s landmark nuclear deal not to violate the agreement, after a meeting in Beijing.
Iranian FM Mohammad Javad Zarif said that each of the seven nations involved “have the obligation to fully implement [it]”.
