Page 107 - China

British Foreign Secretary Lammy likely to visit China in bid to reset ties

Lammy, who has vowed to overhaul Britain's ties with China, will meet Chinese officials in Beijing and representatives of British firms in Shanghai

China's finance ministry to detail fiscal policy for economy boost on Sat

China plans to issue special bonds worth about 2 trillion yuan ($283.43 billion) to support household consumption and help local governments tackle their debt problems

Decarbonisation of world economy progressing far too slowly: Fitch

They said one of the reasons for emerging markets poor performance was underinvestment in clean energy projects, especially in emerging markets excluding China

Uniqlo owner seen posting 24% annual profit rise on brand's overseas push

That's marginally higher than the company's 475 billion yen forecast, which it lifted in July citing a strong performance in the second half

Time to downgrade Indian stock markets? Sell India, buy China? Analyst view

Absolute-return investors must avoid Indian markets in the backdrop of recent developments, especially the stimulus by China, suggests a report by BCA Research

Chinese market surge: Experts urge cautious entry amid uncertain recovery

Key measures include reducing baseline interest rates by 20 basis points (bps), mortgage rates by 50 bps, and the reserve ratio by 50 bps

Faced with a declining population, China pushing citizens to have babies

The central government has also recently pledged to reduce "medically unnecessary abortions," setting off worries that access to the procedure could be restricted

Chinese govt expresses concern over US policies on chip, connected vehicle

The ministry noted that both sides held candid, in-depth, and practical discussions on mutual economic and trade concerns

China imposes deposits on EU brandy in tit-for-tat after EV tariff vote

As of Oct 11, importers of brandy originating in the EU will have to put down security deposits mostly ranging from 34.8 per cent to 39.0 per cent of the import value, the ministry said

China announces more support for economy, holds back on spending package

China's economic planning agency outlined details of measures aimed at boosting the economy on Tuesday but refrained from major spending initiatives. The piecemeal nature of the plans announced Tuesday appeared to disappoint investors who were hoping for bolder moves, and Shanghai's benchmark gave up a 10 per cent initial gain as markets reopened after a weeklong holiday to trade just 3 per cent higher. The head of the National Development and Reform Commission said the government will frontload 100 billion Yuan (USD 14.1 billion) in spending from the government's budget for 2025 in addition to another 100 billion Yuan for construction projects. The scale of spending overall was well below the multi-trillion Yuan levels that analysts said might be expected. The NDRC's chairman, Zheng Shanjie, said China was still on track to attain its full-year economic growth target of around 5 per cent. But he acknowledged the economy faces difficulties and an increasingly more complex and extre

China is 'fully confident' of achieving economic, social goals in 2024

To support local governments, China will issue 100 billion yuan ($14.12 billion) from next year's central budget and another 100 billion yuan for key investment projects by the end of this year

China reopens with a bang scaling highs but fails to lift Asia stocks

China's CSI300 blue-chip index surged 10 per cent in early trade to its highest level since July 2022, while Shanghai Composite Index jumped roughly same amount to its highest mark since December 2021

Two Chinese nationals killed in attack by Baloch suicide bomber in Pak

Two Chinese nationals were killed and 17 people injured in a suicide attack by a Baloch insurgent group that targeted a convoy of Chinese workers near Pakistan's busiest airport here late at night, authorities said on Monday. The explosion near the Jinnah International Airport Sunday night also killed the suspected suicide bomber. The attack is the latest in a string of violence against Chinese workers in Pakistan. It comes less than two weeks before the Shanghai Cooperation Organisation's summit to be held in the national capital. The banned Baloch Liberation Army (BLA) claimed responsibility for the attack, saying the blast was a suicide attack targeting a convoy of Chinese engineers and investors leaving the Jinnah International Airport. The attack occurred less than a mile from the airport's main terminal. Authorities briefly suspended all traffic going to the airport. The Chinese nationals were working at the Port Qasim Electric Power Company on the outskirts of the city and w

Pak's separatist group claims bombing that killed 2 near Karachi airport

A massive blast outside Karachi Airport in Pakistan on Sunday killed two people and injured at least eight, officials said. Police and the provincial government said a tanker exploded outside the airport, which is Pakistan's biggest. But the provincial home minister, Zia Ul Hassan, told local TV station Geo that it was an attack targeting foreigners. A Home Ministry official told The Associated Press that it was an attack on Chinese nationals, one of whom was injured. He spoke on condition of anonymity because he was not authorised to talk to the media. Thousands of Chinese workers are in Pakistan, most of them involved in Beijing's multibillion-dollar Belt and Road Initiative that connects south and central Asia with the Chinese capital. Videos showed flames engulfing cars and a thick column of smoke rising from the scene. There was a heavy military deployment at the site, which was cordoned off. Deputy Inspector General East Azfar Mahesar told media that it seemed like it was a

Taiwan detects 27 Chinese military aircraft, 6 vessels around territory

China has increased its military activities near Taiwan, including regular air and naval incursions into Taiwan's ADIZ

US lawmakers visit Taiwan for bilateral talks as China tensions escalate

The delegation's visit comes as Taiwan and the US seek to deepen defence cooperation to counter the Chinese threat

North Korea, China mark 75th anniversary of ties amidst raised questions

The leaders of North Korea and China marked the 75th anniversary of their diplomatic relations on Sunday by exchanging messages that expressed hopes for stronger ties, as outsiders raised questions about their relationship. The message exchange came as North Korea and Russia have been sharply expanding their cooperation while China apparently keeps its distance. Experts say that the level of exchanges and commemorative programs between North Korea and China in the coming months will provide a clue to the exact status of their ties. In a message sent to Chinese President Xi Jinping, North Korean leader Kim Jong Un said his government will steadily strive to consolidate and develop the friendly and cooperative relations between the two countries, according to North Korea's official Korean Central News Agency. Xi, in his message to Kim, said that China is ready to jointly promote the stable and further advance of the socialist cause in the two countries," KCNA said. Since North Korea

Taiwan detects 13 Chinese military aircraft, three vessels around territory

This latest Chinese military activity adds to a series of similar provocations by Beijing in recent months

China could wage economic, cyber war on Taiwan to force surrender: Report

US military officials and analysts have for years warned of possible armed attacks or blockades by China on Taiwan, but a report released on Friday has raised a red flag about possible non-military tactics that could be used effectively against the self-governed island. Beijing could wage an economic and cyber war to force a surrender from Taiwan without direct use of military power, the Foundation for Defense of Democracies, a Washington-based research institute, said in the report. Such a likely but overlooked scenario, it said, poses a challenge for the US, the island's biggest ally, and suggested Washington make preparations for how best to respond. FDD researchers teamed up with banking and finance experts in Taiwan over two days earlier this year to simulate likely non-military moves by Beijing, such as disinformation campaigns and cyber attacks on infrastructure. The exercise was the first of its kind and seeks to fill an analytical gap, FDD said. "Modern globalisation has ..

Maldives President Mohamed Muizzu to visit India next week for 5 days

Maldives President Mohamed Muizzu will pay a five-day visit to India beginning Monday with an aim to reset ties that came under some strain since November last year. Though the Maldivian president attended Prime Minister Narendra Modi's swearing-in ceremony in June, it will be his first bilateral visit to India. The ties between India and the Maldives came under severe strain since Muizzu, known for his pro-China leanings, took charge of the top office in November. Within hours of his oath, he had demanded the withdrawal of Indian military personnel from his country. Subsequently, the Indian military personnel were replaced by civilians. The Ministry of External Affairs (MEA), announcing Muizzu's trip, said it is expected to lend further momentum to cooperation and robust people to people ties between the two countries. "President of the Republic of Maldives Mohamed Muizzu will be travelling to India on a state visit from October 6 to 10," it said. During his visit, Muizzu will h