Page 101 - China

'Invest in China' to boost 'Make in India': Chinese envoy Xu Feihong

This was the first formal meeting between the two leaders in the past five years, which was constructive and carried great significance, Feihong noted

EU imposes up to 35% tariffs on Chinese EVs, Beijing takes matter to WTO

Chinese state-owned automotive giant SAIC Motor will pay the top tariff of 35.3 per cent, BYD 17 per cent, and Geely 18.8 per cent, in addition to the standard 10 per cent EU import duty

Pakistan govt committed to security of Chinese citizens: Ishaq Dar

The Pakistan government will leave no stone unturned to protect the lives and properties of Chinese nationals living in the country, Deputy Prime Minister Ishaq Dar has said, as he highlighted how authorities arrested most of the attackers involved in recent attacks on workers from China. Dar's remarks came on Tuesday at a conference by the Pakistan-China Institute, titled China at 75: A Journey of Progress, Transformation and Global Leadership. Without disclosing specifics, Dar, who is also the Foreign Minister, confirmed that authorities had apprehended multiple suspects believed to be involved in recent incidents, the Dawn newspaper said. Most of the attackers have been hauled up, he disclosed. We will leave no stone unturned to protect the lives and properties of Chinese in Pakistan. These suspects will face justice after due process, and further details will be shared directly with President Xi Jinping during President Zardari's visit to China next month," Dar said. Earlier t

China launches new crew to its space station to expand exploration

China launched a new three-person crew to its orbiting space station early Wednesday as the country seeks to expand its exploration of outer space with missions to the moon and beyond. China built its own space station after being excluded from the International Space Station, mainly because of US concerns over the People's Liberation Army, the Chinese Communist Party's military arm's overall control over the space program. China's moon program is part of a growing rivalry with the US and others, including Japan and India. The team of two men and one woman will replace the astronauts who have lived on the Tiangong space station for the last six months. They are expected to stay until April or May of next year. The new mission commander, Cai Xuzhe, went to space in the Shenzhou-14 mission in 2022, while the other two, Song Lingdong and Wang Haoze, are first-time space travellers, born in the 1990s. Song was an air force pilot and Wang an engineer with the China Aerospace Science and

US-Taiwan Business Council announces support for $2 bn defence package

The arms package, valued at $ 2 billion, is expected to include $ 1.16 billion for missile systems and $ 828 million for radar systems

Taiwan to bolster defence by purchasing 1,000 attack drones from US

Taiwan signed a Letter of Offer and Acceptance (LOA) for the drones in late September. The next phase involves formalising contracts to specify quantities, prices, and delivery schedules

S Africa launches scheme to woo tourists from India, China to boost jobs

South Africa has launched an innovative new scheme to increase tourism, especially from India and China, inviting tour operators from those two countries to join their local counterparts in signing up to the scheme. Two months after Minister of Home Affairs, Dr Leon Schreiber, conceptualised the concept, his Department on Tuesday announced the Trusted Tour Operator Scheme (TTOS), which is aimed at enhancing job creation that flows from increased tourism. This followed discussion with the tourism ministry and the tourism sector in the country to find ways of eliminating visa inefficiency and red tape which had throttled South Africa's ability to attract more tourists from these two burgeoning source markets. To resolve bottlenecks and reposition Home Affairs as an economic enabler, the Department has today gazetted a call for expression of interest by established tour operators from South Africa and abroad who wish to sign up to the scheme to bring more tourists from China and India

India-China disengagement at two friction points in its final stages

Troop disengagement at two friction points at Demchok and Depsang Plains in eastern Ladakh following a key agreement firmed up between India and China is in the "final stages", official sources said on Tuesday. On October 25, Army sources had said the process is likely to get completed by October 28-29. The agreement framework was "signed" first at the diplomatic level and then military-level talks took place, the Army sources had said, adding the nitty-gritty of the agreement was worked in the Corps Commander-level talks, which was signed kast week. Adhering to agreements between the two sides, Indian troops then begun to pull back equipment to rear locations in these areas. The disengagement at the two friction points is in its "final stages", an official source said on Tuesday. Sources last week said the agreement was arrived at only for these two friction points, and "talks were still underway" for other areas. The sources have said that patrolling will begin at the these poi

Eyeing US election, China considers over $1.4 trillion in extra debt

The spending plans suggest that Beijing has switched into a higher stimulus gear to prop up the economy although it's still not the 2008-like bazooka that some investors have been calling for

To avert demographic crisis, Chinese govt brings new policy for couples

China has announced a slew of policies, including a childbirth subsidy system and tax cuts for parents, aimed at motivating couples to have more children to halt the falling birth-rates in order to deal with the looming demographic crisis. A directive issued by the State Council or the central cabinet on Monday outlined 13 targeted measures designed to enhance childbirth support services; expand childcare systems; strengthen support in education, housing and employment, and cultivate a birth-friendly social atmosphere. The falling birth rates resulted in China losing the most populous nation in the world to India last year. The latest initiative also includes improvements to the childbirth subsidy system and personal income tax relief related to childbirth, official media reported. Key provisions include extending the maternity insurance scheme to individuals in flexible employment and rural migrant workers who have already participated in the basic medical insurance scheme. This

China President Xi urges govt officials to push for reform, meet targets

Xi also called on the provinicial officials to meet the country's annual economic and social development targets within the next two months

Dhanteras festivities spark Rs 60,000 cr sales; China faces Rs 1.25 tn loss

This festive season, traditional markets like Chandni Chowk are bustling with buyers, particularly for gold, silver, and brass items, with gold sales alone estimated at Rs 20,000 crore

Treasury issues rule to block US from helping China develop advanced tech

The US Treasury Department, seeking to keep the Chinese military from gaining an edge in advanced technologies, issued a rule Monday to restrict and monitor American investments in China in artificial intelligence, computer chips and quantum computing. The finalised rule arises from an executive order issued in August 2023 by President Joe Biden. The order sought to limit the access that "countries of concern" specifically China, including Hong Kong and Macao have to American dollars to fund technologies that could be used, for example, to break codes or develop next-generation fighter jets. It will take effect January 2. "US investments ... must not be used to help countries of concern develop their military, intelligence and cyber capabilities," said Paul Rosen, assistant Treasury secretary for investment security. He noted the investments can mean more than just money: they can deliver "intangible benefits," including managerial help and assistance finding top talent and tapping

UK may revive China trade talks. What caused the years-long freeze?

The UK froze ministerial-level dialogues, including the Joint Economic and Trade Commission (JETCO) meetings, over human rights and security concerns

China power demand growing faster than expected: Industry association

However, the CEC said power demand growth would slow to 5% during the fourth quarter because of a high base effect in the year-ago period

Ahead of Xi's trip, Brazil refuses to endorse China's Belt and Road project

Celso Amorim, Brazil's special presidential adviser for international affairs, said on Monday that Brazil has decided not to join China's multi-billion dollar mega project

Election shock in key US ally Japan could embolden China and rivals

In response to escalating Chinese military activity around its islands and nearby Taiwan, including more regular drills with Russia and the first ever intrusion by a Chinese plane

Boeing to raise up to $24.3 bn to shore up finances, stave off downgrade

The most dramatic falls in fortunes have come from China's real estate sector, he added, while consumer electronics is clearly rising fast, with Xiaomi founder Lei Jun adding $5 billion to his wealth

China announces fourth manned mission to space station with new crew

China on Tuesday announced plans to launch its fourth manned mission to replace the crew of its space station and named a three-member squad, including a woman, to man the low-orbit station for the next six months. China's crewed spaceship Shenzhou-19 is scheduled to be launched at 4.27 a.m.(Beijing Time) on Wednesday from the Jiuquan Satellite Launch Centre in the country's northwest, the China Manned Space Agency (CMSA) announced. The launch will use a Long March-2F carrier rocket, said Lin Xiqiang, the deputy director of CMSA, at a press conference at the Jiuquan centre. Shenzhou-19 is the 33rd flight mission of China's manned space programme and the fourth manned mission during the application and development stage of China's space station. After entering orbit, the Shenzhou-19 spaceship will perform a fast-automated rendezvous and docking with the front port of the space station core module Tianhe in about 6.5 hours, forming a combination of three modules and three spacecraft,

Biden proposal would prohibit sale of its cars in US, says Polestar

Commerce told Reuters that General Motors and Ford Motor would need to stop importing vehicles to the US from China under the proposed rule