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May 21, 2017 4:50 AM Beijing’s new weapon in economic war: Chinese tourists

BEIJING, China — Slapping import bans on products like mangoes, coal and salmon has long been China’s way of punishing countries that refuse to toe its political line. But Beijing has shown that it can also hurt others by cutting a lucrative Chinese export: tourists who normally flock to South Korea or Taiwan. China’s recent boycott of South Korea over a US anti-missile 7

May 18, 2017 5:11 PM Rody junks EU aid for Philippines

MANILA, Philippines - The Duterte administration announced yesterday it will reject new grants from the European Union (EU), possibly forgoing some 250 million euros or roughly $278.7 million in funds for development projects in the country, particularly in Muslim Mindanao. The announcement came after President Duterte received over $1 billion in pledges 6

May 16, 2017 3:16 AM China's Xi outlines plans for wide cooperation in trade plan

BEIJING -- Chinese President Xi Jinping expressed ambitious hopes for Asian and European governments to work more closely on finance, law enforcement and a broad range of other issues as leaders from 30 nations issued a joint endorsement Monday of a Beijing-led trade initiative. The "Belt and Road" project is China's biggest foreign initiative to date as Beijing 5

May 14, 2017 5:02 PM China pledges $124 B for new Silk Road

Dangles $8.7-B aid for developing countries BEIJING – Chinese President Xi Jinping yesterday pledged $124 billion for his ambitious new Silk Road plan to forge a path of peace, inclusiveness and free trade, and called for the abandonment of old models based on rivalry and diplomatic power games. China has touted what it formally calls the Belt and Road Initiative 10

May 13, 2017 5:00 PM New page of history for China, Philippines – Rody

BEIJING – A “new page of history” has begun for China, the Philippines and the Association of Southeast Asian Nations (ASEAN), President Duterte declared as he participates in China’s One Belt, One Road Forum here that focuses on Beijing’s plan to improve connectivity and cooperation with Asia, Africa and Europe. In a recent interview with China Central 6

May 13, 2017 12:05 PM Duterte glad to make PH partake in China’s bounty

President Rodrigo Duterte on Saturday said he would be glad to take in more help from China, as Manila under his government seeks improved ties with Beijing long strained by the bitter South China Sea dispute. Duterte is set to fly to Beijing Saturday night to attend the "Belt and Road Forum for International Cooperation," a summit aimed at reviving 6

May 13, 2017 2:21 AM The trains and sea ports of China's new Silk Road

China's Silk Road summit on Sunday will highlight the country's plans to revive ancient trade routes from Asia to Europe and Africa with a massive network of rail and maritime links. The One Belt, One Road Initiative was unveiled by President Xi Jinping in 2013. Xi will host top officials from 28 nations for the two-day conference on the outskirts of Beijing 6

May 13, 2017 12:43 AM China’s push to reshape global trade comes with high costs Add to ..

Had you come to Gwadar in 2000, you would have taken in what Sohaib Jamali saw on his first trip here: a small, dusty fishing outpost huddled at the end of a long and terrible road in the distant southwestern corner of Pakistan, just 70 kilometres from the border with Iran. Even three or four years ago, “it was still a sleepy village and nothing else,” said Mr. Jamali 11

May 12, 2017 4:08 PM Duterte eyes stronger economic, trade, security ties with China

Beijing – Forging stronger economic, trade and security cooperation between the Philippines and China will be part of President Duterte’s mission during his return visit here. Coming from his stopover in Hong Kong, the President is scheduled to arrive in Beijing on Saturday night for an official visit mainly to attend an international summit on China’s 9

May 12, 2017 9:25 AM Belt and Road Initiative: China Plans $1 Trillion New ‘Silk Road’

BEIJING — China is aiming to re-create Marco Polo's ancient "Silk Road" that connected Europe to Asia. But instead of the camels and caravans that transported spices and silk hundreds of years ago, a $1.4 trillion network of modern trading routes would be built. On Sunday, Chinese President Xi Jinping will host 28 heads of state at the opening of a two-day 13