U.S.’s Lighthizer, Mnuchin to travel to China for trade talks: White House

WASHINGTON (Reuters) – United States Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing for the latest round of high-level trade talks scheduled to start on March 28, the White House said in a statement on Saturday. The United States also will receive a Chinese trade delegation led by Vice Premier Liu He for meetings in Washington that are set to begin on April 3, the White House said. President Donald Trump said on Friday the negotiations with China were progressing and a final agreement seemed…

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China bans 23m from buying travel tickets as part of ‘social credit’ system

Beijing railway station. Local governments and agencies have been piloting aspects of the system. Photograph: Roman Pilipey/EPA China has blocked millions of “discredited” travellers from buying plane or train tickets as part of the country’s controversial “social credit” system aimed at improving the behaviour of citizens. According to the National Public Credit Information Centre, Chinese courts banned would-be travellers from buying flights 17.5 million times by the end of 2018. Citizens placed on black lists for social credit offences were prevented from buying train tickets 5.5 million times. The report released…

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Germany and China plot to turn Frankfurt into EU finance powerhouse after Brexit

The bilateral pledge came as a result of German Finance Minister Olaf Scholz visiting the Chinese capital this week. Mr Scholz met China’s vice-premier Liu He who promised to take down economic hurdles for German financial institutions interested in doing business in his country. The German minister said he would reciprocate, hoping Chinese banks could be persuaded to open in Frankfurt, the heart of Germany’s finance industry, turning the city into a European powerhouse after Britain leaves the EU. According to German newspaper Suddeutsche Zeitung, the two officials signed three…

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OnePlus 6T to launch in India first, followed by China and Europe

While we’ll have to wait until the end of the month for the OnePlus 6T to go official, it won’t be much longer after that until we can actually buy one. As we reported earlier, the phone will hit China on November 5 and now we have the launch dates for Europe and India too. India will get it first – Amazon will kick the sales off on November 2 at 12:00pm local time. You can grab an INR 1,000 gift card as a sort of pre-order and you’ll get free Bullet Type-C headphones…

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Your next holiday should be to this ghost town in China

Blanketed with greenery, the ghost town is perched atop cliffs looking west into sea mists obscuring the horizon. Abandoned homes ravaged by weather and creeping vines stand silent but for the surf, the whine of mosquitos, and birdsong. This is Houtouwan — Back Bay in Mandarin — an abandoned fishing village engulfed by nature on the far eastern island of Shengshan, 90km off the coast of Shanghai. Small groups of tourists on a recent weekend braved muddy footpaths through overgrown lawns to chase foggy photographs and answers to the question:…

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Samsung Galaxy A9 Star, Galaxy A9 Star Lite With Super AMOLED Displays Go Up for Pre-Orders in China

HIGHLIGHTS Pre-orders for the Galaxy A9 Star and A9 Star Lite has started Both the phones currently available only in China Both handsets come with 4GB of RAM Samsung has unveiled two new smartphones – Galaxy A9 Star and Galaxy A9 Star Lite – in China. Previously, there have been several rumours regarding the arrival of the handsets, along with their price and specifications. The company has started pre-bookings for both the smartphones, ahead of the launch on June 7, which was tipped previously. The key highlights of the Galaxy A9 Star and Galaxy…

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China Targets Cryptocurrencies In Online Pyramid Scheme Crackdown

In India, Arun Jaitley had once said that cryptocurrency is not legalised as of now China will crack down on online pyramid schemes, including speculation masked as cryptocurrencies and online games, the public security ministry said on Friday. The ministry will act jointly with the industrial and commercial department to stamp out pyramid-type schemes, besides punishing those who swindle students and vulnerable groups, the ministry said in a statement on its website. Chinese regulators have moved to rein in financial risks associated with virtual currency trades and pyramid schemes. A…

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China eases post-study work for foreign graduates

The move is the latest in China’s strategy to position itself as a study destination and attract talent to help globalise its labour force. Under the new regulations announced on January 6 by the Ministries of Human Resources and Social Security, Foreign Affairs, and Education, foreign graduates with a master’s degree or above from a university in China are immediately eligible to apply for work visas within one year of graduation. Similarly, Chinese nationals with a master’s degree or above from “well-known universities overseas” can return to China to seek graduate…

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China urges India not to ‘complicate’ border dispute as Tibetan figure visits

China called on India on Monday not to do anything to complicate their border dispute after a senior exiled Tibetan religious leader visited a sensitive border region controlled by India but claimed by China. The Karmapa Lama, Tibetan Buddhism’s third-most-senior figure who fled into exile in India in 2000, last week went to Tawang in the Indian state of Arunachal Pradesh, in the remote eastern Himalayas. China disputes the entire territory of Arunachal Pradesh, calling it south Tibet. Its historic town Tawang, a key site for Tibetan Buddhism, was briefly…

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Analysts: Militarization of South China Sea is fraught with risk of major war

Further militarization of the South China Sea, which Vietnam has now joined in thereby following in China’s footsteps, may cause skirmishes and fire exchanges, as well as internationalization of the conflict involving the United States’ Pacific Fleet, polled experts have told TASS. OPINION Reuters quotes US intelligence sources as saying Vietnam is moving its missile complexes to Spratly Islands in the South China Sea, disputed by China and three other countries. These weapons are capable of hitting China’s facilities on neighboring reefs. The Chinese Foreign Ministry has expressed a strong…

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