BRICS voices disappointment with non-implementation of IMF reforms

BRICS voices disappointment with non-implementation of IMF reforms

The world’s leading emerging economies on Tuesday expressed their disappointment with the failure to implement the 2010 International Monetary Fund (IMF) reforms. “We remain disappointed and seriously concerned with the current non-implementation of” the IMF reforms, said a joint declaration of Brazil, Russia, India, China and South Africa, collectively known as BRICS. The failure negatively […]

China’s GDP grows 7.4 pct in H1

China’s GDP grows 7.4 pct in H1

China’s economy grew 7.4 percent year on year in the first half of 2014, the National Bureau of Statistics (NBS) announced on Wednesday. Growth in the second quarter stood at 7.5 percent, picking up from the 7.4 percent expansion in the first quarter. “The Chinese economy showed good momentum of stable and moderate growth in […]

Chinese FM confirms drilling off Xisha completed

A drilling operation by the HYSY 981 rig has been completed off a Xisha island in the South China Sea, China’s Foreign Ministry confirmed on Wednesday. Quoting China National Petroleum Corp. (CNPC) and China Oilfield Services Limited, ministry spokesman Hong Lei said the Chinese companies began the drilling operation off Zhongjian Island, one of the […]

Nothing to fear in China-U.S. partnership

Nothing to fear in China-U.S. partnership

After the tension of the past year, relations between China and the United States seem to be on the rebound. China and the U.S. have a consensus on relations that are no longer defined by strategic rivalry, but by cooperation and proper management of differences. Ahead of the meeting of the two Presidents during November’s […]

SCO members expected to ease Asia-Europe road transport

An agreement opening road transportation between Asia and Europe is expected to be signed at the upcoming 12th prime ministers’ meeting of the Shanghai Cooperation Organization (SCO) member states, a Chinese diplomat said on Wednesday. Vice Foreign Minister Cheng Guoping told a press conference that the agreement would create conditions for an Asia-Europe transport corridor […]

ADB provides 3 mln USD to Cambodia for flood relief

The Asian Development Bank (ADB) is providing emergency humanitarian assistance of 3 million U.S. dollars to help Cambodia recover from devastating floods that have affected 1.7 million people and caused an estimated 1 billion U.S. dollars in damage, the Bank said in a statement on Wednesday. The grant, from its Asia Pacific Disaster Response Facility, […]

China urges continued effort to settle Kosovo issue via dialogue

China called on relevant parties Tuesday to continue to seek a mutually acceptable settlement of the Kosovo issue through dialogue. China’s Permanent Representative to the UN Liu Jieyi, who is also rotating president of the Security Council for this month, made the remarks at an open meeting of the 15-nation body on Kosovo, saying China […]

Death toll from typhoon Haiyan in Philippines tops 4,000

Death toll from typhoon Haiyan in Philippines tops 4,000

Death toll from typhoon Haiyan (local name Yolanda) breached the 4,000 level, the Philippine disaster agency said Wednesday. National Disaster Risk Reduction and Management Council (NDRRMC) Executive Director Eduardo del Rosario said that 4,011 people perished from the super typhoon that struck the country, particularly in Eastern Visayas region, on Nov. 8. The number of […]

Israeli military on alert amid possible U.S. strike on Syria

The Israeli military remains on high alert Sunday amid a possible U.S. strike against Syria which may result in the Arab country firing at Israel. “Israel is calm and confident,” Israeli Prime Minister Benjamin Netanyahu said, addressing the possibility of an attack against Israel at a weekly cabinet meeting on Sunday morning. “The citizens of […]

China unveils five-year plan to treat water, soil losses

The Ministry of Water Resources announced on Thursday a plan to treat water and soil loss problems over the next five years. The plan, which covers 279 counties across 20 provincial-level regions, aims to treat water and soil losses over 30,000 square km of land during the 2013-2017 period, according to a statement on the […]