Page 105 - China

Taiwan detects 19 Chinese aircraft, 6 naval ships around its territory

"19 PLA aircraft and 6 PLAN vessels operating around Taiwan were detected up until 6 a.m. (UTC+8) today. 15 of the aircraft crossed the median line and entered Taiwan's northern, central and southwest

China's new home prices fall at fastest pace in Sept since May 2015

China is expected to raise 6 trillion yuan through special treasury bonds over the next three years to reinvigorate its struggling economy

UK foreign minister Lammy travels to China seeking 'pragmatic' ties

Lammy's visit is not expected to yield major diplomatic agreements or intended to mark a reset in relations

Asian stocks cautious after mixed China data, dollar firm on Fed view

US currency was also supported by recent market contemplation of a potential election victory for Donald Trump

China protests to India over opening of Taiwan's office in Mumbai

China said it lodged a diplomatic protest with India over the newly established office of the Taipei Economic and Cultural Centre (TECC) of Taiwan in Mumbai. There is but one China in the world and Taiwan is an inalienable part of China's territory, China's Foreign Ministry spokesperson Mao Ning told a media briefing here on Thursday replying to a question. China strongly opposes all forms of official contact and interaction between Taiwan and countries having diplomatic relations with China, including the establishment of representative offices for each other. We have lodged solemn representations to the Indian side, she said. Mao said the one-China principle is a serious political commitment made by the Indian side and serves as the political foundation for China-India relations. China urges the Indian side to strictly abide by the commitments it has made, prudently and properly settle the Taiwan-related issues, not to conduct any form of official interaction with Taiwan and avoi

Borosil urges govt on imposing anti-dumping duty on Chinese solar glass

Leading glass maker Borosil has urged the government to impose anti-dumping duty on Chinese solar glass to provide a level playing field to the domestic players, else the Indian industry will "die". Chinese makers are exporting solar glass into India at a price which is "much below" their cost of production, alleged Borosil Renewables Vice Chairman Shreevar Kheruka. These glasses are mainly used in the manufacturing of solar panels and are crucial for India's quest for growth in renewable energy. Painting a grim picture of the industry due to the alleged dumping, Borosil Renewables Vice Chairman Shreevar Kheruka said that the price at which the Chinese are selling their solar glasses in India is even lower than the prices of raw material, power and fuel expenses. The cost of Chinese solar glasses is heavily subsidised by their government and that ranges between 35 to 55 per cent of the cost of the product, Kheruka claimed. If the Indian government does not impose anti-dumping duty

China ranks worst in internet freedom globally: US' Freedom House report

Freedom House said that China shared its designation as the world's worst environment for internet freedom with Myanmar

China woes drag down French spirits maker Pernod Ricard's Q1 sales

Pernod Ricard said it was working to mitigate the impact of the Chinese anti-dumping decision on the group's performance but did not provide details

McKinsey to cut 500 jobs in China, reducing ties with govt-linked clients

McKinsey's employee restructuring is aimed at separating its China unit from its global operations amid political pressure in the US over its work in Saudi Arabia and China

China boosts funds for housing projects to support its embattled sector

In late September, the central bank announced measures including cuts in the minimum down payment ratio to 15 per cent for all buyers

Samsung to replace Vi's Chinese gear with 5G equipment in priority circles

New equipment from Ericsson and Nokia to focus on 4G, raise population coverage to 90%

SCO Summit Day 2: S Jaishankar to attend talks on trade, terrorism in Pak

External Affairs Minister S Jaishankar and Pakistan's Prime Minister Shehbaz Sharif exchanged pleasantries during an informal dinner hosted by the latter on Tuesday

Will not renounce use of force over Taiwan, says China after recent turmoil

Taiwan's government rejects Beijing's sovereignty claims, saying only the island's people can decide their future

EV shift especially in China likely to disrupt global oil market, says IEA

An increasing shift toward electric vehicles globally, especially in China, is poised to disrupt the global oil market, according to a report released Wednesday by the International Energy Agency. In recent years, China has accounted for most of the growth in oil demand and planet-heating emissions, but electric vehicles now make up 40% of new sales of cars there, and 20% of sales globally, putting major oil and gas producers in a bind. The IEA World Energy Outlook 2024 outlines a future where EV adoption continues to gain momentum, potentially displacing up to 6 million barrels per day of oil demand by 2030. The agency said based on current trends and policies and the availability of materials, EV will reach 50% of global car sales in 2030. China already accounts for half the world's electric cars on the road. By 2030, it's projected that 70% of new car sales in China will be electric. With its massive additions of new wind and solar power, China is aligned with its target for ...

China seeks 'targeted security measures' for its citizens in Pakistan

Two countries are entering into second phase of the CPEC program, part of China's Belt and Road initiative, that Islamabad expects will lead to relocation of Chinese export industries to Pakistan

VW, BMW and, Mercedes getting left behind in auto race by China's EVs

The latest warning signs came last week, when all three German manufacturers reported slumping third-quarter sales in China

BMW sales drop due to China's EV, CEO asks to cancel new fossil ban plan

Demand in China, the world's biggest auto market, is suffering from a flagging economy, while foreign carmakers face stiff competition from local manufacturers offering cheaper models, especially EVs

China may raise $850 bn in new debt over 3 years to spur growth: Report

While not the bazooka some investors had been calling for, analysts say 6 trillion yuan in extra debt in the next three years could help stabilise growth

Taiwan details record surge in Chinese fighter planes involved in war games

In a daily update on Chinese military activity around the island, Taiwan's defence ministry said it spotted 153 military aircraft, surpassing Monday's figure of 125

Russia holds 'substantive' talks with China to bolster defence ties

China and Russia declared a 'no limits' partnership in February 2022 when President Vladimir Putin visited Beijing less than three weeks before his forces launched a full-scale invasion of Ukraine