Japan yesterday warned China that ties were “deteriorating markedly” over disputed East China Sea islets, and China’s envoy in Tokyo reiterated Beijing’s stance that the specks of land were its territory and called for talks to resolve the row.
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China’s efforts to gain a greater stake in Australia’s resource industry suffered a new setback yesterday when a Chinese miner dropped a US$400 million bid for a controlling stake in an Australian rare earths miner. Earlier yesterday, the Australian defense department rejected a separate Chinese investment in an outback mining venture, saying it threatened national security. |