China reaffirms balanced way to solve Korea nuclear issue
China has urged all parties involved in the Korean nuclear issue to resume talks amid looming UN sanctions against Pyongyang following a missile launch.
Chinese Foreign Minister Wang Yi made the remark on Wednesday after talks with visiting Australian Foreign Minister Julie Bishop.
Wang said the UN Security Council was discussing a new resolution to prevent North Korea from advancing its nuclear program and its missile program.
He adds that the denuclearization of the Korean Peninsula and a peace agreement should be pursued at the same time to solve the major concerns of all parties.
Meantime, Wang Yi defended China's positioning of anti-aircraft missiles on a disputed South China Sea island as a "necessary self-defense facility."
For her part, Julie Bishop also reiterated that Australia does not take sides on the issue of sovereignty and urged all sides to maintain peace and stability.
Chinese steelmakers not dumping: MOC
China's Ministry of Commerce has denied allegations that steel makers in the country are dumping surplus product in the European Union.
The comment is in response to an anti-dumping probe launched by officials in the EU.
Ministry spokesperson Shen Danyang says overcapacity in the steel sector is a worldwide problem and efforts to restructure China's steel industry have made headway.
He also says China hopes to work with the EU to mitigate problems related to overcapacity, and that protectionism will exacerbate the situation.
Chinese ambassador refutes claims against China amid global market fluctuation
Chinese Ambassador to the United States Cui Tiankai has rejected accusations against China regarding the current global market fluctuation, including slumping stocks, declining oil prices, and currency volatility.
Cui told the Wall Street Journal on Tuesday that China's contribution to the global economy remains strong.
The Ambassador highlighted that China was still one of the largest and fastest-growing economies in 2015, and contributed 25 percent of global economic growth.
Cui added he believes the country's structural reforms will boost his country's economy.
China to host G20 trade ministers meetings from July 9 to 10 in Shanghai
China is set to host the Group of Twenty trade ministers meetings from July 9 to 10 this year in Shanghai.
China took over the rotating G20 presidency in December.
Ministry of Commerce spokesman Shen Danyang says G20 member states have strong desires to enhance trade and investment cooperation amid the slowdown of global trade and economy.
Shen adds that China hopes other G20 members are willing to carry out in-depth discussions over issues including constructing a trade and investment platform among the G20.
U.S. to boost economic engagement with ASEAN
U.S. President Barack Obama has unveiled a new initiative to promote economic ties with members of the ASEAN countries.
The initiative, called US-ASEAN Connect, is designed to set up a network of hubs across the region to connect more entrepreneurs, investors and businesses.
Obama says the two sides agreed to encourage the entrepreneurship and innovation that are at the heart of modern competitive economies.
Japan launches X-ray observatory to study deep space
Japan has launched a new generation of X-ray astronomy satellite.
The move aims to reveal the structure of the universe and physics at extreme conditions in space.
The Japan Aerospace Exploration Agency and Mitsubishi Heavy Industries jointly launched the X-ray Astronomy Satellite on Wednesday.
U.S. F-22 stealth fighters fly over S. Korea in show of force toward N. Korea
Four U.S. F-22 stealth fighters flew over South Korea's airspace on Wednesday in a show of force toward North Korea's recent nuclear test and rocket launch.
The nuclear-capable U.S. fighter jets flew low over Osan Air Base near Seoul at around noon.
The fly-over came in the wake of North Korea's launch of a long-range rocket on Feb. 7, which Pyongyang claimed was a peaceful space program but which Seoul and Washington denounced as a prohibited test of ballistic missile technology.
Six pregnant women in Mexico infect Zika
Six pregnant women in Mexico have infected with the Zika virus, bringing the country's total number of the cases to 80.
More than half of those cases have been detected in the poor southern state of Chiapas.
The spread of Zika has caused a big rise in cases of microcephaly, a birth defect in which babies are born with abnormally small heads.
There is no vaccine or treatment for the virus so far.
The European Union is set to grant 10 million U.S. dollars to finance research about the virus.
The World Health Organization says 34 countries have reported Zika, mostly in the Americas and Caribbean.
Chinese, U.S. firms to jointly build large auto theme park in Northeast China
A Chinese government has signed a deal with a US company to build a 500-acre automobile theme park at Dongdaihe, a few miles from Shan Hai Guan, the eastern start of the Great Wall.
Huaqi Investment Company and Ima Design Group of California signed the intention agreement in Los Angeles on Tuesday local time.
Ima Design has decades of experience in designing theme parks, and its customers include Disney.
It will open in three years and the goal is to attract about 30 million visitors annually.