Page 106 - China

Petronas' exploration in South China Sea to continue: Malaysian PM Ibrahim

This includes exploration activities in Petronas' Kasawari gas development off Sarawak state on Borneo, he told parliament

China sanctions Taiwan businessman Tsao, lawmaker for 'separatist' acts

Tsao is founder and former chairman of chip maker United Microelectronics Corp and has said he hoped his programmes would help train millions of civilian warriors

China-Europe rivalry heats up at Paris car show as EV tariffs loom

This year, they account for only about a fifth of the brands thanks to a much stronger showing from Europe's auto industry - a sign of its determination to defend its home turf

India presses ahead with coal as China cuts permits ahead of COP29

Until two years back, it was the reverse: India was pushing renewables and freezing new coal projects while China was pressing the pedal on coal

Crude oil falls 2% as Opec cuts oil demand growth view, China concerns

China's stimulus plans also failed to inspire investor confidence while markets continued to watch for potential Israeli attacks on Iranian oil infrastructure

China increases surveillance to screen 'losers' to avoid public violence

Screening of at-risk individuals, who face psychological issues, mental health struggles, and relationship breakdowns, among others, is being carried out to avoid random public attacks

Chinese premier arrives in Pak for SCO meet to bolster CPEC cooperation

Chinese prime minister Li Qiang on Monday arrived for a four-day visit during which he will attend the SCO summit and hold bilateral meetings with Pakistan leaders on several issues, including the strategic China-Pakistan Economic Corridor. This is the first visit by any Chinese premier to Pakistan in 11 years and comes on the back of recent attacks on Chinese nationals working on infrastructure projects in Pakistan. Prime Minister Shehbaz Sharif received Li along with cabinet ministers at the Nur Khan airbase at Rawalpindi near here. Li and other foreign leaders will attend the 23rd Meeting of the Council of Heads of Government (CHG) of Member States of the Shanghai Cooperation Organisation (SCO) in Islamabad to be held on Tuesday and Wednesday.

Indian markets gave better returns than China in last 5 years: Sebi member

Sebi Whole-time Member Ananth Narayan G on Monday reminded investors that Indian equities have consistently delivered 15 per cent returns over the last 5 years whereas the same has been zero or even negative in China. Terming the Indian markets "sone pe suhaga" for delivering higher returns for lower risks, Narayan also flagged a few areas of caution for investors and asked them to be conscious of the risks. "There's a lot of talk about China markets over the last few days. But over the last five years, while Indian markets have given around 15 per cent compound annual growth rate consistently, Chinese markets are nowhere close to that. It's almost zero. In fact, in some cases, like in Hong Kong, it's actually negative," Narayan said. Speaking at an event marking the start of the Investor Awareness Week at NSE, Narayan said FY24 was a "remarkable" year for India, with the benchmark indices returning 28 per cent and the volatility just 10 per cent. "That's like 'sone pe suhaga'. It'

China's new lending in September rises less than expected despite stimulus

Top Chinese leaders also pledged to deploy "necessary fiscal spending" to meet this year's growth target of around 5%

China sanctions Taiwanese businessman Robert Tsao, lawmaker Puma Shen

Tsao is one of Taiwan's richest men who pledged two years ago to provide millions to two civilian defence training programmes

China conducts new military drills near Taiwan, warns of separatist acts

The drill also serves as a stern warning to the separatist acts of Taiwan independence forces

China holds large naval, air force exercises around Taiwan as warning

China held large-scale military exercises surrounding Taiwan and its outlying islands Monday in what it called a warning against Taiwan independence. China's Defense Ministry said the drills were a response to Taiwanese President Lai Ching-te's refusal to concede to Beijing's demands that Taiwan acknowledge itself as a part of the People's Republic of China under the rule of the Communist Party. Taiwan's Defense Ministry called the drills a provocation and said its forces were prepared to respond. The PLA's Eastern Theater Command spokesperson Navy Senior Captain Li Xi said the navy, army air force, missile corps were all mobilised for the drills. This is a major warning to those who back Taiwan independence and a signifier of our determination to safeguard our national sovereignty," Li said in a statement on the service's public media channel. Taiwan was a Japanese colony before being unified with China at the end of World War II. It split away in 1949 when Chiang Kai-shek's ...

A revival in China? Recent govt stimulus fails to address deeper issues

The Chinese government has a philosophy of control which extends into macroeconomics

Taiwan monitors PLA aircraft and PLAN vessels near ADIZ amid tensions

Of the detected aircraft, 9 crossed the median line and entered Taiwan's northern, south-western, and eastern Air Defence Identification Zone (ADIZ)

China's finance minister says room for economic stimulus but offers no plan

The Chinese government is looking at additional ways to boost the economy, Finance Minister Lan Fo'an said Saturday, but he stopped short of unveiling a major new stimulus plan that analysts and stock investors were hoping for. Lan's remarks left the door open for such a plan in the future but he did not divulge what is under consideration. There are other policy tools that are being discussed that are still in the pipeline, he said at a news conference, adding that there is ample room in the government budget to raise debt and increase the deficit. China's economy has remained sluggish despite the lifting of COVID-19 restrictions at the end of 2022. Companies have cut back on hiring and wages and a prolonged downturn in the property market has deflated consumer confidence, curbing spending. The government has raised pensions and offered subsidies to people who trade in old cars or appliances for new ones, but such steps have failed to jolt economic growth. Chinese stock markets .

China shores up its property sector, signals more spending is coming

Local governments will be allowed to use special bonds to buy unsold homes, Finance Minister Lan Fo'an announced

India-dedicated funds log first weekly redemption since March 2023

China's resurgence, expensive valuation dim India appeal; Midcap funds see 14th week of outflows

IMF's new demand set to dissuade Chinese investments into Pakistan

The IMF's condition comes as Prime Minster Shehbaz Sharif is trying to convince Chinese companies to shift more industries into Pakistan thereby giving a fresh momentum to projects

China seeks deeper economic ties with Asean as South China Sea row lurks

Chinese Premier Li Qiang called for deeper market integration with Southeast Asia on Thursday during annual summit talks where territorial disputes in the South China Sea are likely to be high on the agenda. The 10-member Association of Southeast Asian Nations' meeting with Li followed recent violent confrontations at sea between China and ASEAN members Philippines and Vietnam that raised unease over China's increasingly assertive actions in the disputed waters. Li didn't mention the row in his opening speech at the summit talks but said that intensifying trade relations between Beijing and ASEAN a market of 672 million people are beneficial for the bloc. The global economy is still seeing a sluggish recovery, protectionism is rising and geopolitical turbulence has brought instability and uncertainty to our development," Li said. An ultra large-scale market is our greatest foundation for promoting economic prosperity. Strengthening market coordination and synchronization is an ..

Uniqlo owner Fast Retailing posts 31% rise in yearly profit, beats estimate

Fast Retailing's operating profit rose 31 per cent to 500.9 billion yen ($3.35 billion) in the 12 months through August from 381.1 billion yen a year earlier