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Chief of Defence Staff General Anil Chauhan said the border dispute with China followed India's recognition of Tibet as part of the that country in 1954 with the signing of Panchsheel Agreement. The chief of defence staff (CDS) was delivering a lecture on 'Frontiers, Borders and LAC: The Middle Sector' under the India Himalayan International Strategic Forum think tank at Lok Bhavan here on Friday. Chauhan said, "In 1954, India officially recognised Tibet as part of China, the two countries signed the Panchsheel Agreement." Following the agreement, "India considered itself to have settled its northern border. This was the only area that we believed had not been settled through a formal treaty," he said. The CDS said that the legitimacy of this border for India was based on the Panchsheel Agreement, which it believed demarcated by identifying six passes -- Shipki La, Mana, Niti, Kungri Bingri, Darma and Lipulekh -- through which trade and pilgrimage would take place. He said, "Howev
China moved Thursday to curb a fierce price war among automakers that has caused massive losses for the industry, after passenger car sales dropped nearly 20 per cent in January from the year before, the fastest pace in almost two years. The State Administration for Market Regulation released guidelines for manufacturers, dealers and parts suppliers aimed at preventing a race-to-the-bottom price war. They forbid automakers from setting prices below the cost of production to "squeeze out competitors or monopolise the market." Violators may face "significant legal risks," the regulator warned. The rules also target deceptive pricing strategies and price fixing between parts suppliers and auto manufacturers. Passenger car sales in China fell 19.5 per cent in January from a year earlier, according to the China Association of Automobile Manufacturers. That was the biggest percentage drop since February 2024. The 1.4 million passenger cars sold in January compared with 2.2 million units
In Taipei, real estate agent Jason Sung is betting that home prices around a high-tech industrial park in the northern part of Taiwan's capital will soon take flight because of computer chip maker Nvidia. The area is where Nvidia plans to build its new Taiwan headquarters as it rapidly expands on the island, set to surpass Apple to become the biggest customer of Taiwan semiconductor maker TSMC, the biggest contract manufacturer of the advanced chips needed for artificial intelligence. Nvidia CEO Jensen Huang describes Taiwan as the "center of the world's computer ecosystem." It's riding high on the global AI frenzy. Its economy grew at an 8.6% annual pace last year, and it's hoping to maintain that momentum after it recently sealed a trade deal with U.S. President Donald Trump that cut U.S. tariffs on Taiwan to 15% from 20%. "We have been lucky," said Wu Tsong-min, an emeritus economics professor at National Taiwan University and a former board member of Taiwan's central bank. But
After an unprecedented purge of the PLA at the top, Chinese President Xi Jinping on Wednesday praised troops at the "grassroots level" for their loyalty to the ruling Communist Party as he made his first public appearance ahead of the Spring Festival after the dismissals. Describing the past year as highly unusual and extraordinary, the 72-year-old leader said the people's armed forces had advanced in-depth political rectification, effectively addressed various risks and challenges, and undergone "a revolutionary tempering" in the fight against corruption. Officers and soldiers across the armed forces, especially those at the grassroots level, have been loyal to the Party, faithfully fulfilled their duties, and proven themselves capable and dependable, Xi said in his spring festival greetings to the troops via video link, official media reported on Wednesday. Two senior Chinese military officials, including the highest-ranking PLA official GenZhang Youxia, were placed under ...
In China, consumerism appears to outweigh nationalism regardless of how testy relations have become in recent diplomatic spats with countries like Japan and the United States. It has been common practice for the ruling Communist Party to whip up nationalist sentiment and deploy propaganda condemning countries deemed to be violating China's stance on territorial issues as Taiwan and Tibet. At times, Beijing targets companies that make ideological missteps in their maps or advertising. In the past, friction with Japan and the United States has led to calls for mass boycotts, protests in the streets or even vandalism on embassies or restaurants. These days, pure nationalism appears not to resonate so much with Chinese consumers accustomed to making their own personal consumption choices. "Chinese consumers, especially urban middle-class and younger demographics, are not making everyday purchasing decisions based on nationalism," said Jacob Cooke, CEO of Beijing-based consultancy WPIC .
China on Monday said that Japanese Prime Minister Sanae Takaichi's massive victory in the midterm polls, a result widely seen as fuelled by public resentment over Beijing's strong opposition to her, reflects some deep-seated structural problems and shifting ideological currents. Takaichi's Liberal Democratic Party won more than two-thirds majority in the House of Representatives in Sunday's election. The election results in Japan reflected some deep-seated structural problems as well as evolving trends of ideological currents, which deserve profound reflection by visionary individuals from all walks of life in Japan and the international community at large, Chinese Foreign Ministry spokesperson Lin Jian told reporters. He was replying to a question at a media briefing here whether Beijing's tough stance toward Takaichi's remarks on Taiwan, persisting with diplomatic tension, influenced the outcome of elections in her favour. China never interferes in the internal affairs of other .