Jun. 30 – China defended its policy in dealing with North Korea on Tuesday after U.S. President Obama criticized China of “willful blindness” over Pyongyang’s “belligerent behavior” in an unusually candid speech from the politician.
Relations on the Korean Peninsula hit a new low in March when a South Korean warship, the Cheonan, was torpedoed and sunk off the peninsula’s western coast, killing 46 sailors. An international report into the incident found sufficient evidence to implicate North Korea as the culprit, sparking condemnation throughout the global community and outrage from Pyongyang. China, though, is one of a few key world players that have resisted pointing fingers. Continue reading
Jun. 30 – The number of cell phone subscribers is continuing to grow at a rapid pace across the world’s two most populous countries, with China and India now claiming 796 million and 617.5 million mobile phone users, respectively, through May 2010.
Jun. 29 – Negotiators from China and Taiwan completed a landmark trade agreement in Chongqing today that plans to increase bilateral trade by an estimated US$100 billion, slash tariffs on over 800 goods, and may prove to be the first step in a long and drawn out reunification process.
Jun. 29 – German luxury car manufacturer Mercedes-Benz announced on Monday that it would be entering the pre-owned automobile business in India as the company tries to make their cars more accessible across the country by offering them at a lower price.
Jun. 25 – Chinese President Hu Jintao stated that he would like to see bilateral trade with Canada double over the next five years during talks with Canadian Prime Minister Stephen Harper in Ottawa on Thursday.