China

China urges to end West Asia conflict, warns of global economic impact

That war resulted in years of chaos and instability and created a power vacuum that led to the rise of the Islamic State terrorist group

US charges Super Micro co-founder with smuggling AI chips to China

Super Micro's shares plummeted more than 20% in pre-market trading

China welcomes Vikram Doraiswami's appointment as India's new envoy

China on Friday welcomed the appointment of veteran diplomat Vikram Doraiswami as the new Indian Ambassador, expressing hope that he will make a positive contribution to the sustained improvement of Sino-India ties. Doraiswami, a 1992-batch Indian Foreign Service (IFS) officer, is currently serving as the Indian High Commissioner to the United Kingdom. The 56-year-old diplomat was Thursday appointed as India's new envoy to China. He will succeed Pradeep Kumar Rawat. He is expected to take up the new assignment shortly. Reacting to Doraiswami's appointment, Chinese Foreign Ministry spokesman Lin Jian told a media briefing that envoys are an important bridge for fostering friendly and cooperative relations between nations. China welcomes India's new ambassador and will provide all facilitation to take up his post in China and looks forward to his positive role in improving India-China relations, Lin said, while replying to a question on Doraiswami's appointment. "I noted that Ambass

Who will win AI war: China or US? Jefferies’ Chris Wood answers | Business News | Share market news

The artificial intelligence (AI)-driven trade, which has dominated the stock markets, especially in the United States (US) could come under the lens this year, Christopher Wood, global head of equity

India recommends $3,453/MT anti-dumping duty on Chinese DASDA imports

India trade remedies authority has recommended an anti-dumping duty of $3,453 per metric ton on imports from China of DASDA

Why tiny atomic clocks are key to China's next-gen warfare ambitions

China has built a tiny, highly accurate atomic clock that could boost drones, missiles and satellite navigation, highlighting how precise timing is becoming crucial in modern warfare systems

India appoints seasoned diplomat Vikram Doraiswami as ambassador to China

Seasoned diplomat Vikram Doraiswami was on Thursday appointed as India's new ambassador to China, a move that comes amid efforts by the two sides to rebuild ties that came under severe strain following the over four-year military standoff in eastern Ladakh. Doraiswami, a 1992-batch Indian Foreign Service (IFS) officer, is currently serving as Indian High Commissioner to the United Kingdom. He will succeed Pradeep Kumar Rawat. The Ministry of External Affairs (MEA) said Doraiswami is expected to take up the new assignment shortly. In the last few months, India and China have stepped up efforts to stabilise their relations, seeking a reset after the 2020 military standoff in the Galwan Valley plunged ties to the lowest point in decades. The military stand-off effectively ended in October 2024. An alumnus of Delhi University with a master's degree in history, Doraiswami worked as a journalist for a year before joining the IFS. Following his in-service training in New Delhi (1992-1993

EU proposes 'EU Inc' plan to boost startups against US and China

While the EU proposal to operate under a single set of EU rules is available to any European businesses, it is mainly aimed at new companies with innovative technologies to help them scale up

Russian oil bound for China diverted to India amid demand surge

The Aqua Titan is set to arrive in New Mangalore on March 21 with its Urals cargo that it loaded from a Baltic Sea port in late January, according to ship-tracking data

India to mandate local solar ingots, wafers for energy projects from 2028

India currently relies entirely on China for its imports of cells, ingots, wafers ‌and ​poly silicon for ​solar panels

Japan records trade surplus as export growth balances out weak China demand

Japan recorded a trade surplus of 57.3 billion yen (USD 360 million) in February, according to government data released Wednesday, reversing from a deficit a month earlier. Exports grew at a better-than-expected 4.2 per cent in February to 9.57 trillion yen, the Finance Ministry's seasonally adjusted preliminary data show. Imports grew 10.2 per cent on-year to 9.51 trillion yen following a 2.5 per cent contraction in January. Japan posted a 1.15 trillion trade deficit that month. Import costs are likely to rise as the effective closure of the Strait of Hormuz due to the war against Iran drives up oil and other energy prices. Japan imports almost all its oil, and Brent crude - the international standard - has jumped in recent weeks to about USD 100 a barrel. Geopolitical uncertainty, especially the war in Iran, looms large for Japan's export-reliant economy, but a weak yen is likely to work as a plus. The US dollar has been trading at about 159 yen, when it was below 150 yen a yea

China ignores Trump's request to reopen Hormuz as Iran war deepens

China won't help the United States reopen the Strait of Hormuz as requested by President Donald Trump, but it is probably welcoming the delay in Trump's highly anticipated trip to Beijing as the US risks getting bogged down in the Middle East, analysts say. The latest developments are unfolding as Trump's Iran war, in its third week, is faced with mounting pressure as oil has stopped moving through the strait and US allies have refused to step up to secure the strait. That has produced concerns that China, the United States' biggest geopolitical rival, could stand to benefit from a war that some say was ill-considered. "President Trump's request to delay his long-awaited summit with President Xi Jinping underscores how significantly he underestimated the fallout from Operation Epic Fury," said Ali Wyne, senior research and advocacy adviser for US-China relations at the International Crisis Group. "A show of US force that was meant to intimidate Beijing has instead served to punctur

China urges halt on military operations in West Asia over trade disruption

Spokesperson of Ministry of Foreign Affairs of China, Lin Jian said the recent tense situation in the Strait of Hormuz is causing disruptions in the world trade

Trump postpones his China trip to focus on escalating war in Iran

President Donald Trump is delaying a diplomatic trip to China that had been planned for months but began to unravel as he pressured Beijing and other world powers to use military might to protect the Strait of Hormuz. Trump said Tuesday while meeting with Irish Prime Minister Micheal Martin in the Oval Office that he would be going to China in five or six weeks' time instead of at the end of the month. He said he would be "resetting" his visit with Chinese President Xi Jinping, without elaborating. Trump's visit to China is seen as an opportunity to build on a fragile trade truce between the two superpowers, but it has become tangled in his effort to find an endgame to the war in Iran. Soon after pressing China and other nations to send warships to secure access to Middle Eastern oil over the weekend, Trump indicated his travel plans were up in the air, though he also indicated Tuesday that the US didn't need any help after being rebuffed by other allies. In a Sunday interview with

China overtakes Netherlands as India's third-largest export market

China became India's third-largest export destination in February, overtaking the Netherlands, even as overall exports declined and shipments to key markets weakened

China to provide humanitarian aid to Iran, three other West Asia nations

China on Tuesday said it will provide emergency humanitarian assistance to Iran, Lebanon and two other West Asian countries hit hard by the ongoing conflict in the region. Speaking at a media briefing, Chinese foreign ministry spokesperson Lin Jian said that Beijing has decided to provide emergency humanitarian aid to Iran, Jordan, Lebanon, and Iraq in the hope of easing the humanitarian plight faced by local people. "The ongoing conflict has inflicted excruciating humanitarian disasters on (the) people of Iran and other regional countries. China deeply sympathises with people in relevant countries", Lin said. He was responding to a question about whether China is considering providing humanitarian assistance to the relevant countries, as the UN Refugee Agency recently said the crisis in West Asia has constituted a major humanitarian emergency, and the affected regions already host nearly 25 million refugees, internally displaced persons and returnees. Iran has suffered many innoce

Trump's delay of visit to China echoes pattern of last-minute changes

Trump's request to delay a planned trip to China is latest example in a pattern of postponing or calling off high-profile meetings that he decides don't suit his interests

India exports to US fall 13% in Feb; China trade deficit crosses $100 bn

India's exports to the US dipped 12.88 per cent year-on-year to USD 6.88 billion in February due to high tariffs in America, while the trade deficit with China crossed USD 100 billion during the 11-month period of this fiscal, according to the commerce ministry data released on Monday. Exports contracted in September, October, December last year and January this year also. However, it rose 22.61 per cent in November. Indian goods were attracting a sweeping 50 per cent levies in the US. But after US Supreme Court struck down the Trump tariffs, US President Donald Trump imposed 10 per cent duty on all countries from February 24 for 150 days. So now the impact of the lower tariffs is likely to be reflected in the data for the month of March, which will be released in mid-May. Imports, on the other hand, from the US grew 36.53 per cent to USD 4.48 billion in February, data showed. During the April-February period of this fiscal year, the country's exports to the US increased 3.84 per

Trump may delay China trip over Iran war, not to pressure Hormuz: Bessent

President Donald Trump may delay his China trip due to the Iran war, but Treasury Secretary Scott Bessent said Monday it's not to pressure Beijing on the Strait of Hormuz. Bessent said any delay to Trump's trip to Beijing would not be because of disagreements over the Iran war or efforts to reopen the Strait of Hormuz. "If the meeting for some reason was rescheduled, it would be rescheduled because of logistics," he said. "The president wants to remain in D.C. to coordinate the war and travelling abroad at a time like this may not be optimal." Trump has suggested he may delay the much-anticipated visit to China at the end of the month as he seeks to ramp up the pressure on Beijing to help reopen the Strait of Hormuz and calm oil prices that have soared during the Iran war. In an interview Sunday with the Financial Times, Trump said China's reliance on oil from the Middle East means it ought to help with a new coalition he is trying to put together to get oil tanker traffic moving .

China readies 7nm chip production in efforts to boost tech self-sufficiency

China's second-largest chipmaker Hua Hong Group is reportedly developing 7nm chip fabrication technology with support from domestic suppliers and collaboration with Huawei Technologies