SHANGHAI/HANOI (Reuters) – A Chinese oil rig has finished drilling near the disputed Paracel islands in the South China Sea after finding signs of oil and gas and is being moved away from the area, more than two months after its deployment damaged relations with Hanoi.
The Vietnamese coastguard said the $1-billion rig had been towed from contested waters. China’s official Xinhua news agency said the rig would be relocated off the southernmost island province of Hainan. It gave no timeframe.
SHANGHAI/HANOI (Reuters) – A Chinese oil rig has finished drilling near the disputed Paracel islands in the South China Sea after finding signs of oil and gas, a top Chinese energy firm said on Wednesday, more than two months after its deployment hurt ties with Vietnam.
Vietnam’s coastguard said the $1 billion deepwater rig was being moved towards China’s southernmost island province of Hainan. China’s official Xinhua news agency said it would be relocated to an area off Hainan but gave no details or a date.
SHANGHAI (Reuters) – The United States is worried that its officials have been barred from attending the Aug. 7 trial in China of British investigator Peter Humphrey and his American wife Yu Yingzeng after the couple were arrested last year following work they did for British drugmaker GlaxoSmithKline PLC.
The concerns, voiced by the U.S. embassy in Beijing, adds a political dimension to the trial, which could become another thorny issue between the two economic powers, already tussling over areas ranging from cyber security and human rights to Chinese policy in the South China Sea.
SHANGHAI, July 1 (Reuters) – The Shanghai government has
shortened its list of sectors where foreign investment is to be
banned or restricted in the new Shanghai free trade zone (FTZ),
but the changes show only a slight relaxation for foreign
entrance into the Chinese markets.
A comparison shows that the Shanghai municipal government
cut the 2014 “negative list” by 27 percent, to 139 items from
190 items in the one issued last year.
SHANGHAI/LONDON, June 30 (Reuters) – GlaxoSmithKline Plc’s
tangled web of problems in China, including a sex video
of its former China chief and anonymous emails alleging
corruption, are highlighted in a lengthy draft report prepared
for the British drugs firm and seen by Reuters.
The report into the origin of the video and emails was
compiled at the request of GSK by ChinaWhys, a Shanghai-based
company founded by British investigator Peter Humphrey and his
American wife Yu Yingzeng. Presented to GSK on June 6, 2013, it
did not reach a conclusion as to who was behind the actions.
SHANGHAI, June 26 (Reuters) – Former employees are preparing
to sue Wal-Mart in China after an arbitration committee rejected
their case for better compensation than the company has offered
after closing the store where they worked in central Hunan
Dozens of workers challenged the way that Wal-Mart Stores
Inc closed the underperforming store in the city of
Changde in March and attempted negotiations for better
compensation before turning to arbitration.
SHANGHAI (Reuters) – Behind China’s biggest strike in decades last month was a new player in Chinese labor activism: management.
A previously unpublished account from inside the strike at Taiwanese shoe manufacturer Yue Yuen obtained by Reuters shows that supervisors were the first to challenge senior plant leaders about the social insurance contributions that became the focus of the dispute. Yue Yuen Industrial Holdings declined to comment.
SHANGHAI (Reuters) – Prosecutors in far western China have indicted eight people over an attack on the edge of Beijing’s Tiananmen Square last October in which a car ploughed into a crowd and caught fire, the state-run Xinhua news agency reported on Saturday.
The government of the restive region of Xinjiang also unveiled new policies to underpin a year-long, nationwide anti-terrorism campaign launched on May 25, offering rewards for weapons turned in to the police and mandating that companies hire more locals.
SHANGHAI (Reuters) – Iranian President Hassan Rouhani said on Thursday talks over Tehran’s nuclear program had reached an important and tough juncture, but an agreement was still possible by a July deadline.
The lack of progress in talks in Vienna that ended last week between Iran and United States, Russia, China, France, Britain and Germany had raised doubts over the prospects for a breakthrough by the self-imposed July 20 deadline.
MANILA/SHANGHAI (Reuters) – Vietnam and the Philippines are determined to oppose Chinese infringement of their territorial waters, Vietnamese Prime Minister Nguyen Tan Dung said on Wednesday, calling on the world to condemn China’s actions in a rare public show of unity bound to infuriate Beijing.
China is embroiled in disputes with Vietnam, the Philippines and others over boundaries in the potentially energy-rich South China Sea and has said it seeks to resolve differences in one-on-one talks with the countries involved.