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India Forced to Pay Russia in Yuan, Handing China an Unexpected Win

China stands to gain from a surprising twist in global energy trade: India, long a rival and major oil importer, is now being forced to pay Russia for crude in Chinese yuan (RMB), a move that strengthens the yuan’s global role and indirectly supports China’s currency in ...

China Begins Massive Dam Project in Tibet, Prompting Indian Objections

China started building a mega-dam Saturday on a river running through Tibet and India, with Premier Li Qiang attending the commencement ceremony, state media said. Beijing approved the project in December on the river -- known as Yarlung Zangbo in Tibet ...