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U.S. blocks MoneyGram sale to China’s Ant Financial on national security concerns

Ant Financial’s plan to acquire U.S. money transfer company MoneyGram International Inc (MGI.O) collapsed on Tuesday after a U.S. government panel rejected it over national security concerns, the most high-profile Chinese deal to be torpedoed under the administration of U.S. President Donald Trump. The $1.2 billion deal’s failure represents a …

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China: We Back Independent Palestinian State Based on ’67 Borders With Capital East Jerusalem

China called for the establishment of an independent Palestinian state based on 1967 borders with East Jerusalem as its capital, Xinhua state media reported Thursday. “China understands the Islamic countries’ concern about the status of Jerusalem,” a spokesperson for the Chinese Foreign Ministry said, adding that China “calls for a …

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Why China Wants Syria in its New Belt and Road

China has been actively expanding its influence to the Middle East, and engaging war-torn Syria as part of its signature Belt and Road Initiative (BRI) has been a case in point. On November 24, Chinese Foreign Minister Wang Yi met with Political and Media Advisor to the Syrian President Bouthaina …

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China looks at ending sales of gasoline cars

China is joining France and Britain in announcing plans to end sales of gasoline and diesel cars. China’s industry ministry is developing a timetable to end production and sale of traditional fuel cars and will promote development of electric technology, state media on Sunday cited a Cabinet official as saying. …

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Chinese media ‘racist’ video on India clash sparks anger

Chinese state media has released a propaganda video that lambasts India over a border dispute, sparking accusations of racism. The English-language clip, which accuses India of committing “sins”, features a Chinese actor in a turban, mockingly speaking in an Indian accent. Xinhua published the clip on Wednesday which is from …

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Chinese quantum satellite sends ‘unbreakable’ code

China has sent an “unbreakable” code from a satellite to the Earth, marking the first time space-to-ground quantum key distribution technology has been realized, state media said on Thursday. China launched the world’s first quantum satellite last August, to help establish “hack proof” communications, a development the Pentagon has called …

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