Contents tagged with China
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China proposes establishing free trade zone with Ukraine
At a forum in Kyiv devoted to developing the “Silk Road” infrastructure project in Ukraine, the Chinese ambassador, Du Wei, stated that China is initiating the establishment of a free trade zone with Ukraine and hopes that Ukraine will look into this issue as well, UNIAN reports.
“The Chinese side has made an ambitious proposal, which is the creation of a Ukrainian-Chinese free trade area, in the hopes that the Ukrainian side will look into this issue,” he said.
According to Du Wei, the Silk …
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China donated 50 ambulances to Ukraine
The Chinese government donated 50 ambulance cars to Ukraine, the press service of the Ministry of Economic Development and Trade of Ukraine reported. The agreement was signed on Friday between Minister Stepan Kubiv and China's Ambassador, Du Wei.
"According to the intergovernmental agreement, Ukraine will receive 50 ambulances, fully outfitted with special medical equipment worth 25 million yuan [more than $ 3.7 million] in total," the report noted.
The cars will be delivered to Ukraine …
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A group of Chinese entrepreneurs visited the Crimea
A group of Chinese entrepreneurs visited the Crimea, as reported by Crimean Tatar TV Channel, ATR. According to the source, the purpose of their visit is to find out what projects they can implement on the peninsula and learn how Crimeans live.
“There are no limits to trade. We are confident that the more the Crimea and China can help each other the better. Tourism is a very promising area of cooperation,” Krym Realii reported, quoting Chinese entrepreneurs.
ATR added that the Chinese guests …
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Philippine President Duterte hopes to open alliances with Russia and China
Philippine President Rodrigo Duterte said he will visit Russia and China this year to create “open alliances” with the two countries in pursuit of an independent foreign policy, Reuters reported.
"I am ready to not really break ties [with the US] but we will open alliances with China and... Medvedev, he is awaiting there for my visit," Duterte said.
The President of the Philippines added that he would like to open up the "other side of the ideological barrier".
Duterte also noted that the …
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Russian and Chinese navies carry out defensive exercises in South China Sea
The Russian and Chinese navies, as part of the joint Cooperation-2016 exercises in the South China Sea, have so far focused on ship defense, according to the head of the department of information support of the press service of the Russian Eastern Military District for the Pacific Fleet, Captain Vladimir Matveev.
"The crew members have practiced the elements of anti-submarine-sabotage defense, air defense and anti-submarine warfare (ASW) on unprotected raid. In addition, in the course of joint …
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Russian and Chinese navies to hold joint naval exercises in the South China Sea
Russia and China will hold joint naval drills in the South China Sea off the coast of China’s Guangdon province, Reuters reported, citing the Chinese Navy.
The exercises will begin and Monday and will last eight days.
The two navies will carry out defense and rescue operations, as well as exercises focusing on seizing islands.
The exercises come after the arbitration court in The Hague ruled that China did not have historic rights to the South China Sea.
Brunei, Malaysia, the Philippines, …
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Chinese media is skeptical over agreement with Ukraine on Antonov aircraft
The Chinese company Aerospace Industry Corporation of China (AICC), which has become party to the agreement with the Ukrainian state enterprise Antonov, is unable to produce planes of this level. Investigative journalists from the Chinese newspaper Toutiao reported on AICC’s viability.
Toutiao claims that according to the documents this Chinese company looks more like a fictitious firm than a large-scale enterprise. According to them, Aerospace Industry Corporation of China was registered in …
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Antonov announces it has not sold the rights of the An-225 to China
The Ukrainian state-owned aircraft manufacturer Antonov has clarified the details of a recent agreement with the Aerospace Industry Corporation of China, stressing that China will not be given the rights to produce An-225 Mriyas, according to a message posted on Antonov’s Facebook page.
Chinese television reported that the Ukrainian company had sold the rights to the aircraft.
“Antonov does not convey the rights to China for the An-225 aircraft… including intellectual property rights,” the …
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Ukraine's Antonov agrees to undergo joint production of An-225 with China
Ukrainian state enterprise Antonov agreed with the Aerospace Industry Corporation of China (AICC) on joint production of An-225 Mriya. The report on the website of concern Ukroboronprom which is a parent of the aircraft company, on Wednesday, August 31, states that contracts signed the day before provide for the construction of the second, upgraded unit of the aircraft and its supply to AICC.
"We are selling the second Mriya, which will be constructed here," the representatives of Antonov …
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Trade turnover between Russia and China fell by 17 percent
According to the report of China’s General Administration of Customs (GAC), the Russian-Chinese trade turnover decreased in July, 2016 by 15% in annual terms.
The total amount of trade turnover between the two countries amounted to $5.67 billion, of which China's exports to Russia were valued at $3.3 billion while imports from Russia to China were pegged at $2.3 billion.
These facts indicate that by the end of the first half of this year, total trade turnover declined by 0.9% relative to the …