BEIJING/TOKYO, Oct 8 (Reuters) – Japan’s finance minister
pressed the United States on Tuesday to quickly resolve its
political deadlock over government finances to avoid a fiscal
crisis that could damage the global economy.
The comment from Taro Aso is the latest sign that Japan and
China – the biggest foreign creditors to the United States – are
increasingly worried that the U.S. government shutdown and the
standoff over the debt ceiling could wreak havoc on their
trillions of dollars of investments in U.S. Treasury bonds.
BEIJING/TOKYO, Oct 8 (Reuters) – China and Japan, the United
States’ biggest creditors, are increasingly worried the U.S.
government shutdown and standoff over the debt ceiling could
wreak havoc on their trillions of dollars of investments in U.S.
Beijing and Tokyo have publicly called on the White House
and Congress to resolve the dispute, which could threaten a U.S.
debt default as soon as next week, and Asia’s two biggest
economies are privately urging Washington to find a solution.
BEIJING (Reuters) – President Xi Jinping believes China is losing its moral compass and he wants the ruling Communist Party to be more tolerant of traditional faiths in the hope these will help fill a vacuum created by the country’s breakneck growth and rush to get rich, sources said.
Xi, who grew up in Mao’s puritan China, is troubled by what he sees as the country’s moral decline and obsession with money, said three independent sources with ties to the leadership.
BEIJING (Reuters) – The writing was perhaps already on the wall for Bo Xilai, the controversial former top official of China’s southwestern city of Chongqing, when he appeared at last year’s parliamentary meeting, alternately chastened and combative.
In earlier annual sessions of parliament, Bo had swept in, all smiles and lanky grace, preceded by a wave of TV cameras and popping flashbulbs. This time he was uncharacteristically restrained.
BEIJING, Sept 22 (Reuters) – The writing was perhaps already
on the wall for Bo Xilai, the controversial former top official
of China’s southwestern city of Chongqing, when he appeared at
last year’s parliamentary meeting, alternately chastened and
In earlier annual sessions of parliament, Bo had swept in,
all smiles and lanky grace, preceded by a wave of TV cameras and
popping flashbulbs. This time he was uncharacteristically
BEIJING (Reuters) – Lawyers for the family of a Chinese man allegedly tortured to death during an internal Communist Party investigation were thrown out of the court on Tuesday at the start of the landmark, sensitive trial of six party officials accused of the crime.
Yu Qiyi, 42, a chief engineer for a state-owned investment firm in the eastern city of Wenzhou, drowned in April after being dunked repeatedly in a bucket of ice-cold water, state media said last week.
TOKYO/BEIJING (Reuters) – China said it would not tolerate provocation after Japan’s top government spokesman said on Tuesday Japan might station government workers on disputed islands in the East China Sea to defend its sovereignty.
Relations between the world’s second- and third-biggest economies have been strained over the uninhabited isles which Japan controls but both countries claim. The isles are known as the Senkaku in Japan and the Diaoyu in China.
BEIJING (Reuters) – China said on Tuesday it backed a Russian proposal for Syria to hand over its chemical weapons for destruction, a plan that could avert planned U.S. military strikes in response to the country’s suspected use of its arsenal on civilians.
U.S. President Barack Obama has argued that Syrian President Bashar al-Assad, fighting to continue his family’s four-decade rule, must be punished for what Washington says was a poison gas attack on rebel areas that killed more than 1,400 people on August 21.
BEIJING (Reuters) – China’s former domestic security chief Zhou Yongkang, one of the country’s most powerful politicians of the last decade, is helping authorities in a corruption probe and, contrary to media reports, is not currently the target of the investigation, sources told Reuters.
The investigation could take weeks, maybe months, to complete. Even if Zhou is implicated, he is unlikely to follow in the footsteps of disgraced ally Bo Xilai and face prosecution, said the sources, who have ties to the leadership or direct knowledge of the matter.
MANILA/BEIJING, Sept 3 (Reuters) – The Philippines accused
China on Tuesday of violating an informal code of conduct in the
South China Sea by planning new structures on a disputed shoal,
as China’s premier told Southeast Asian leaders Beijing was
serious about peace.
Friction over the South China Sea, one of the world’s most
important waterways, has surged as China uses its growing naval
might to assert its vast claims over the oil- and gas-rich sea
more forcefully, raising fears of a military clash.