China: Consensus on Vens Finance Help
China's Foreign Ministry said on Tuesday it had reached consensus with Venezuela on strengthening financial cooperation, after Venezuela said its main financier would improve the conditions of an oil-for-loans deal. Ministry spokesman Hong Lei made the comment at a regular press briefing. Venezuelan Economy Vice-President Miguel Perez told Reuters on Monday that all conditions…
China: Venezuela Crisis is Domestic Matter
An economic crisis in Venezuela is a domestic matter, a spokesman for China's Foreign Ministry said on Monday, when asked if the country planned to give aid to the Latin American nation. The OPEC country, which has received about $50 billion in Chinese financing since 2007, is also struggling with a contracting economy and runaway inflation, following a collapse in oil prices.
U.S. Plans third Patrol near Disputed S.China Sea Islands
The U.S. Navy plans to conduct another passage near disputed islands in the South China Sea in early April, a source familiar with the plan said on Friday, the third in series of challenges that have drawn sharps rebukes from China. The exact timing of the exercise and which ship would travel inside a 12-nautical mile limit around a disputed island was not immediately clear.
China: Rig Not Drilling in Disputed Waters
In mid-2014, rig caused worst breakdown in ties in decades. China's Foreign Ministry said on Wednesday that a $1-billion deepwater oil rig was not drilling in disputed territory in the South China Sea, in response to a warning from Vietnam against such activity. Vietnam closely tracks the movement of the oil rig, which in mid-2014 caused the worst diplomatic breakdown between the neighbours in decades…
Vietnam, Australia Call for South China Sea 'Restraint'
Vietnam and Australia called on Wednesday for "self-restraint" in the South China Sea and warned against the unilateral use of force, an obvious reference to China's increasingly aggressive presence that has stirred concerns across the disputed region. Vietnamese Prime Minister Nguyen Tan Dung met Australian counterpart Tony Abbott in Canberra…
China Warns Japan, Philippines Chastises China
China warned Japan on Friday to stay out of a growing dispute with its neighbors over the South China Sea, as the Philippines implicitly accused Beijing of delaying talks aimed at a solution. China claims almost the entire South China Sea, rejecting rival claims to parts of it from Vietnam, the Philippines, Taiwan, Malaysia…
Vietnam Considers Legal Action Against China
Vietnam says will "resolutely defend its sovereignty." China says Vietnam making "irresponsible accusations" against it; Philippines submitted arbitration case against China in March. Vietnamese Prime Minister Nguyen Tan Dung said his government was considering various "defence options" against China, including legal action…
