U.S. Orders China to Close Houston Consulate

HONG KONG—The U.S. requested the abrupt closure of China’s consulate in Houston, a dramatic escalation in bilateral tensions that Beijing condemned as outrageous and unparalleled.

Washington’s need, issued Tuesday, marked “a political provocation unilaterally introduced by the U.S.,” Chinese International Ministry spokesman Wang Wenbin stated Wednesday at a routine briefing in Beijing. “China urges the U.S. to immediately rescind its erroneous conclusion, if not China will undertake genuine and necessary responses.”

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China makes strong return to growth in second quarter with GDP up 3.2pc

China’s official figure was markedly greater than the 1.3pc on-yr advancement tipped by an AFP poll of analysts, although nonetheless among the cheapest fees on document.

The financial system contracted 1.6pc on-yr in the 1st 6 months, the NBS claimed, when the urban unemployment fee dipped to five.7pc in June, from five.9pc a thirty day period earlier.

The work figure continues to be closely watched, with virtually 9 million graduates predicted to enter an unsure labour market this yr and analysts pointing out that genuine unemployment is possible increased.

Tommy Wu, economist at Oxford Economics, observed in a report final

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U.S. Weighs Limited Options to Punish China Over Hong Kong

WASHINGTON—As U.S. officials weigh sanctioning China around its current moves in Hong Kong, the city’s standing as a global fiscal center limitations the menu of efficient levers available to Washington.

Important steps from Hong Kong’s fiscal system chance hitting U.S., Western and Hong Kong firms and shoppers, officials and analysts say. Far more specific sanctions from Chinese officials and trade measures from products and solutions designed in Hong Kong would have tiny impact on Beijing’s integration of the town into the mainland’s…

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Iran and China Angle for Broad Partnership to Offset U.S. Pressure

Iran and China are searching for to cement a large-ranging partnership that would deflect U.S. financial pressure and simplicity Tehran’s international isolation.

An first draft of the Iran-China deal, which however calls for Iranian parliamentary acceptance, would pave the way for Chinese investments in Iranian free-trade zones and for joint projects in other international locations, these kinds of as Syria and Iraq. It would extend cooperation among the two international locations in defense and counter terrorism. And it says that underneath a 25-year partnership, China would import “sustainable”…

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China delaying clearance of Indian seafood consignments, exporters worried

India’s seafood exports to China are reportedly facing the brunt of resistance with shippers citing delays in the clearance of maritime merchandise consignments in the current earlier.

Shaji Little one John of the Kochi-primarily based Kings Team mentioned that numerous exporters have signed ahead contracts with functions right after healthier enquiries in April from China, a significant market place for shrimps. But in the previous fifteen times, there has been a deliberate attempt to delay inspection of Indian containers below the pretext of Covid supervision. The condition has risen in the backdrop of border skirmishes, he mentioned. It now will

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