Since December 2008, China has signed $95 billion (650 billion RMB) in currency-swap agreements with Indonesia, Malaysia, South Korea, Hong Kong, Argentina and Belarus, in order to promote greater circulation and convertibility of the renminbi (RMB). Thailand is reportedly studying a possible currency swap agreement... MORE

Chinese Vice-President Xi Jinping departed for Europe on October 7 for a two-week long official visit spanning from Brussels in the West to Bucharest in the East. The five European countries include Belgium, Germany, Bulgaria, Hungary and Romania. This high-level trip by the Chinese leader... MORE

As part of a three-day visit from September 16–18 that largely stayed below the fray of both domestic and international media, Chinese President Hu Jintao sent State Councilor and former Deputy Minister for Foreign Affairs Dai Bingguo—his trusted confidante and top foreign policy advisor on... MORE

The Hu Jintao administration appears to be pulling out all the stops for the October 1 celebration of the 60th anniversary of the founding of the People's Republic of China (PRC). The country’s National Day will be inaugurated by a keynote speech by Paramount Leader... MORE

Following a dismal H1 performance (January – May) for China's shipbuilding industry (SIB)—new orders received by Chinese shipbuilders decreased by 96 percent year-on-year (yoy), with a net of 1.18 million deadweight tons (DWT)—the sector posted a substantial boost of 8.8 million DWT in new orders... MORE

A string of Chinese reports, which appeared in recent weeks leading to and following the People's Liberation Army (PLA) 82nd birthday on August 1, seems to indicate that a debate over reforming China's seven military regions is maturing. A major reform to the existing PLA's... MORE

Beijing instituted a new round of personnel changes among the top-ranking officers of the People’s Liberation Army (PLA) and its general departments. According to official state-media, Central Military Commission (CMC) Chairman and PRC President Hu Jintao conferred three senior military officers the rank of general... MORE

Taiwan's Aerospace Industrial Development Corporation (abbrev. AIDC; Chinese: Han Xiang), a state-owned aerospace enterprise credited with developing the country’s first indigenous defense fighter (IDF) is reportedly in negotiations to build a commercial aircraft with China Commercial Aircraft Company (COMAC), a Chinese state-owned behemoth under the... MORE

The sixth meeting of the 11th National Committee of the Chinese People's Political Consultative Conference's (CPPCC) Standing Committee, the highest-level advisory body of the People's Republic of China, met ahead of the general plenary that is taking place in Beijing from June 22 to 27.... MORE

In a May 9 interview with Brazilian defense, strategy and intelligence news website Defasanet, Brazilian Defense Minister Nelson Jobim stated that Brazil and China had reached an agreement to train personnel from the People’s Liberation Army Navy (PLAN) in Brazil. In the interview (available in... MORE