US Boosts Weapon Sales To China’s Neighbors

China’s expansion across disputed territory in the South China Sea is driving up demand for US heavy weapons and military aircraft from Beijing’s neighbors, former US Defense Department official Dov Zakheim told Sputnik. Earlier on Friday, US Deputy Secretary of State Tony Blinken called on all claimants, including China, Vietnam, Malaysia, Brunei, Taiwan and the Philippines, to freeze construction on the islands in the South China Sea. “We [the United States] are selling everything from c...
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Hungary to join China’s Silk Road Project

Hungary has become the first European country to join the Chinese 'Silk Road’ project aimed to strengthen ties between Asia and Europe and develop trade and infrastructure in the region. Foreign ministers of China and Hungary signed a memorandum of understanding for the New Silk Road, also known as the "One Belt, One Road" project in Budapest, the Chinese Foreign Ministry said in a statement published on its website late Saturday, Reuters reports. Hungary has become the first European coun...
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China’s Shadow Hovers over Senate Trade Debate

The Senate Finance Committee’s vote late Wednesday to approve “fast track” trade legislation revealed two things: Some Democrats strongly support the measure, and concerns about China’s currency practices will dog the bill as it moves through Congress. “I think this is well on its way to passing,” Senate Finance Committee Orrin Hatch told reporters after the 20-6 bipartisan vote for the bill, which would empower the White House to finish a controversial Asia-Pacific trade deal. Seven Democrat...
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