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ISTANBUL (Reuters) -- Turkey will impose a 40% additional tariff on imports of vehicles from China to halt a possible deterioration of its current account balance and protect domestic automakers, the trade ministry said on Saturday.
Turkish Foreign Minister Hakan Fidan’s three-day visit to China signaled improved diplomatic relations, upgraded bilateral trade and investment ties, and a significant step toward Turkey’s accession to the anti-Western BRICS bloc.
BEIJING (AP) — Beijing is willing to work with Islamabad to build an upgraded version of an economic corridor linking the two countries, China’s leader Xi Jinping told the visiting Pakistani Prime Minister Shehbaz Sharif Friday.
BEIJING — China's exports in May grew faster than expected, while imports missed forecasts, customs data showed Friday.
Malaysia’s high-speed rail (HSR) link from Kuala Lumpur to Singapore remains a key piece of its infrastructure upgrade puzzle, Transport Minister Anthony Loke has said, but the project will only go forward if it is privately funded to avoid loading more debt onto the state.
Last year, China was the biggest importer of goods into the Philippines with a total value of US$29.4 billion, according to the Philippine Statistics Authority. The Philippines exported almost US$11 billion of goods to China over the same year, indicating that the Southeast Asian country ran a trade deficit of about US$18 billion with its neighbour.
TOKYO — Japan lodged a protest against Beijing on June 7 after four armed Chinese Coast Guard vessels entered waters that Tokyo considers its territory.
India’s Defence Minister Rajnath Singh said last month that his country would soon start building its third aircraft carrier, the proposed INS Vishal, adding that New Delhi “will not stop at that [three carriers]. We will make five, six more”.