China urged the US to end maximum pressure campaign on Iran and making threats of deploying additional troops to the West Asia, suggesting that Washington should find a diplomatic solution to reduce tensions in the region.
Chinese and Russian presidents have overseen the inauguration of a landmark pipeline project, which is set to be delivering Russian natural gas from Serbia to China, as Beijing and Moscow move to strengthen economic and political relations.
European stocks were on track for their worst day in six weeks on Wednesday, as a threat of US-China trade negotiations hitting an impasse weighed, while a slump in Germany’s Wirecard and falling oil prices added to the gloom.
The US Department of the Interior has grounded its fleet of hundreds of Chinese-made drones as part of a review of the department’s drone program, amid a growing technology tension between the two world powers.
Chinese foreign minister has struck back at US President Donald Trump over his criticism of Chinese trade and development models, warning Washington against making trade threats or meddling in Chinese internal affairs.
China has lodged a complaint against the US with the World Trade Organization (WTO), over the latest U.S. tariffs on billions of dollars worth of Chinese imports in an escalating trade war between the two world powers.
China aims to slash its growing dependence on gas imports by boosting domestic projects like shale fields as the security of its energy supply comes under the spotlight amid a festering trade war with the United States.