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Tag: China

The Latest: Tibetan group protests at China Embassy in India

The Latest: Tibetan group protests at China Embassy in India

Technology
The Latest on the ruling Communist Party's congress meeting in Beijing (all times local): 3 p.m. Members of the Tibetan Youth Congress have protested at the Chinese Embassy in New Delhi as China's ruling Communists opened their national congress. The protesters held up placards blaming China for occupation and genocide in Tibet. Indian police blocked the nearly two dozen protesters from entering the building. Chinese President Xi Jinping is expected to get a second five-year term as party leader at the meeting that opened in Beijing on Wednesday. The protesters called Xi a dictator whose continued rule would be dangerous. Tibetan Youth Congress President Tenzing Jigme said in a statement that Tibet had nothing to celebrate as Buddhist monasteries have been destroyed and young Tibetans hav...
Energy-hungry China takes step to buffer against economic shocks

Energy-hungry China takes step to buffer against economic shocks

Business
Oct. 13 (UPI) -- The central bank in energy-hungry China injected funds into the economy Friday in an effort to offset risk and protect against bubbles.The official Xinhua News Agency reported Friday the People's Bank of China injected about $ 75.6 billion into the financial network through its medium-term lending facility, which holds an annual interest rate of 3.2 percent."The [bank's] open market operations are closely watched by the market, as they have become major tools for the central bank in pursuing its monetary policy," Xinhua reported. "Such a policy stance is crucial for China as it has to juggle the task of financial deleveraging, aimed at defusing risk and curbing asset bubbles, while shoring up the economy."The Chinese economy is slowing down, with growth expected to deceler...
China Open: Simona Halep, Jelena Ostapenko advance to semifinals

China Open: Simona Halep, Jelena Ostapenko advance to semifinals

Sports
Simona Halep receives an opportunity to exact revenge on Jelena Ostapenko after the two women advanced to the semifinals of the China Open with straight-set victories on Friday. Second-seeded Halep required just 69 minutes to dispatch Russian Daria Kasatkina 6-2, 6-1 at Beijing, while ninth-seeded Ostapenko posted a 6-4, 6-4 victory over Romania's Sorana Cirstea. The victories set up the first meeting between Ostapenko and Halep since the 20-year-old Latvian stunned Halep in the French Open final at Roland Garros in June. "She's a great player," Ostapenko said of Halep. "If I play my best and I stay aggressive tomorrow and I am consistent, I think everything can happen." Ostapenko experienced service issues against Cirstea -- who is her doubles partner -- by committing seven double faults....
Rex Tillerson visits China as North Koreans 'tire' of anti-U.S. rallies

Rex Tillerson visits China as North Koreans 'tire' of anti-U.S. rallies

World
Sept. 29 (UPI) -- U.S. Secretary of State Rex Tillerson is to meet with Chinese officials on Saturday in a trip that could be an opportunity to provide Beijing with clarification, regarding recent comments from U.S. President Donald Trump on North Korea.The visit comes at a time when North Koreans say ordinary people are weary of anti-American propaganda.Tillerson's meeting will come a day after the White House officially confirmed Trump's trip to Asia, which is to take place from Nov. 3 to 14 and is to include state visits to Japan, South Korea, China, Vietnam and the Philippines.China may be seeking an explanation from Tillerson regarding Trump's recent tweets, including one warning North Korea "they won't be around much longer," The New York Times reported.Tillerson, meanwhile, has been...
Crackdown in China causes Bitcoin to dip

Crackdown in China causes Bitcoin to dip

Technology
A crackdown on initial coin offerings (ICOs) in China has caused the value of Bitcoin to drop below the $ 5,000 mark.ICOs have been declared illegal by the People's Bank of China, the autocratic nation's securities regulator, due to concerns regarding financial fraud and general criminal activity.The phenomenon of ICOs has become extremely popular in recent months, with rampant speculation in competing cryptocurrencies driving up the value of their primogenitor, Bitcoin, briefly over the $ 5,000 (£3,850) mark.As the change in law was announced, Chinese holders in ICO tokens began to sell off their assets, driving the value of Bitcoin back down to roughly $ 4,400 or £3,400.Bitcoin's value has shot up rapidly in recent years having hit a low of $ 213 (£138) in August 2015, and briefly hit it