Page 112 - China

Italy supports EU's tariffs on Chinese exports of electric vehicles

Italy is aiming for a climate of positive cooperation, and real reciprocity to avoid dumping and obstacles from Beijing

PwC making tangible investments for 'high quality' business in China

PwC Zhong Tian LLP was hit with a six-month suspension and a record fine of 441 million yuan ($62 million)

Typhoon Bebinca makes landfall in Shanghai; largest to hit city in 75 years

Bebinca, the strongest typhoon to have hit China's Shanghai city in 75 years packing wind speed of 42 meters, made landfall on Monday bringing the megacity of 25 million to a grinding halt. The typhoon, with the maximum wind force near its center reaching 42 meters per second, churned ashore at the Lingang area of Shanghai's Pudong District, the Shanghai central meteorological observatory said. The city has already mobilised thousands of relief and rescue workers to attend to emergencies. Bebinca is believed to be the strongest typhoon to land in Shanghai in 75 years. It is the 13th typhoon to hit China this year. The State Flood Control and Drought Relief Headquarters on Sunday activated a Level IV emergency response for east China's Anhui Province and raised the response in Shanghai and Zhejiang to Level III, state-run Xinhua news agency reported. Bebinca has already led to flight cancellations over Shanghai and the suspension of passenger ferry operations in the city. Shanghai

Washington's crackdown on cheap Chinese goods adds to Temu and Shein woes

The move threatens to reshape parts of the US retail arena and deflate the excitement that's accompanied the meteoric ascent of bargain bazaars like Temu, Shein and Alibaba's Aliexpress

China stores massive volumes of crude oil in August on soft prices

The world's biggest crude importer saw arrivals of 11.56 million bpd in August, while domestic output was 4.20 million bpd, given a total of 15.76 million bpd available to refineries

China's fading hunger for food grain spells trouble for world farmers

Beijing has already taken steps to try to protect farmers, asking traders to limit overseas purchases of corn, barley and sorghum

China's deepening economic slowdown tests Xi's tolerance for growth miss

Pressure is growing on Chinese authorities to quickly ramp up fiscal and monetary stimulus to hit this year's growth target

Shanghai airports cancel hundreds of flights as Typhoon Bebinca draws near

Shanghai's airports are cancelling hundreds of flights Sunday as they brace for impact from Typhoon Bebinca, which is due to make landfall in the early hours of Monday morning, the authorities said. Flights past 8 pm local time will be cancelled at Hongqiao and Pudong airports in the city, the airport officials said in a statement, affecting more than six hundred flights. The city also announced that it was suspending travel on some bridges while restricting that on other highways. Typhoon Bebinca is currently a few hundred kilometers away from the coast. The typhoon's winds are expected to reach 151 km per hour by Sunday night, according to the China Meteorological Administration, which has categorised it as a strong typhoon. State media reported that 9,318 people had been evacuated from one district in Shanghai. Meanwhile, in the nearby city of Zhoushan, restaurants, supermarkets and shops shut down early for the day, and public transportation services were halted. The storm is

US-China military leaders hold routine talks, discuss ongoing issues

Military leaders from the US and China met in Beijing for routine talks that only resumed in January after being suspended for two years as ties between the two countries soured. The meetings ended on Sunday and officials discussed ongoing issues such as Taiwan, the Russia-Ukraine war and clashes in the South China Sea. Michael Chase, deputy assistant secretary of defence for China, Taiwan and Mongolia led a delegation to engage in the bilateral Defence Policy Coordination Talks, which were last held in January. While the talks weren't expected to resolve long-standing differences in stances over issues ranging from South China Sea claims to Taiwan, the US has continued to push for the discussions as a way to avoid conflict. The meetings were held after Chase attended the Xiangshan forum in Beijing, a defence forum that is China's answer to the Shangri-La Dialogue. Communication between the two militaries broke off in 2021, as US-China tensions ratcheted up over widening difference

India seeks investments from South Korea & Japan for shipbuilding clusters

India is seeking investments and technology transfer from South Korea and Japan to establish shipbuilding and ship repair clusters to promote the domestic shipping supply chain in the country, according to a senior government official. Currently, India holds less than 1 per cent of the global shipbuilding market, dominated by China, South Korea, and Japan. "We are looking at South Korea and Japan for investments and technology transfer for establishing shipbuilding and ship repair clusters in India," TK Ramachandran, Secretary in Ministry of Ports, Shipping and Waterways (MoPSW), told a group of journalists here. Ramachandran was in Goa to participate in the 20th Maritime State Development Council (MSDC), where plans for a mega shipbuilding park, spanning multiple states, were discussed. "We have communicated to them (South Korea and Japan) that you come with your technology and investments, we will provide you land for setting up shipbuilding and ship repair clusters," he ...

Hong Kong journalists face harassment amid national security law crackdown

On social media, there were posts featuring images of journalists and HKJA executive committee members alongside graphics of knives, blood, shooting targets, and 'memorial' signs

Taiwan detects 22 Chinese aircraft, six naval vessels around territory

Taiwan said in response to Chinese incursions, it has monitored the situation and responded accordingly

Pope makes new overture to China, calls Beijing promise, hope for church

Pope Francis declared Friday that China was a promise and a hope for the Catholic Church, offering extensive praise for Beijing at the end of a four-nation tour through Asia and again expressed hope to one day visit. Francis' comments, during an in-flight press conference en route home from Singapore, came as the Vatican enters into the final weeks of negotiations to renew a 2018 agreement over the contentious issue of bishop nominations. Francis declared himself happy with the process, saying both sides were engaging in negotiations in a spirit of good will. I'm happy with the dialogue with China, he said. The result is good. China for me is an illusion, in the sense that I want to visit China, he said. A great country. I admire China. I respect China. It's a country with a millennial culture, with a capacity for dialogue and understanding that goes beyond other systems of democracy. The Vatican has been working for years to try to improve relations with China that were officially

China hits PwC with six month ban in record penalty over Evergrande audit

Chinese authorities have been examining PwC's role in Evergrande's accounting practices since CSRC accused developer in March of a $78-billion fraud over a period of two years through 2020

Zhou Enlai: Chen Jian's book on Chinese Premier a study in contradictions

This is one of the most informative pieces of history writing on contemporary China and will remain a reference work for a long time to come

US puts sanctions on Chinese cos for supporting Pak's missile programme

The US has taken action against four Chinese entities, one Pakistani company, and one Chinese individual for their supply to Pakistan's ballistic missile programme under the missile sanctions laws, a State Department statement has said. State Department Spokesperson Matthew Miller in a statement on Thursday said the US imposed sanctions on the Beijing Research Institute of Automation for Machine Building Industry (RIAMB), which has worked with Pakistan's National Development Complex (NDC), under the missile sanctions laws (i.e. the Arms Export Control Act [AECA] and the Export Control Reform Act [ECRA]). The statement said the Beijing Research Institute had worked with NDC in the development and production of Pakistan's long-range ballistic missiles to procure equipment for testing of large-diameter rocket motors, including the Shaheen-3 and Ababeel. "The United States is [also] imposing sanctions on three PRC-based entities, one PRC individual, and a Pakistani entity for ballistic

Govt extends anti-subsidy duty on Chinese pesticide chemical for 5 years

India has extended countervailing or anti-subsidy duty on a Chinese chemical used in pesticides for five more years to guard domestic players. The decision followed a recommendation of the commerce ministry's investigation arm DGTR for continuation of the duty on the imports of 'Atrazine Technical' from China. "The countervailing duty imposed under this notification shall be levied for a period of five years (unless revoked, superseded or amended earlier) from the date of publication of this notification," a finance ministry notification has said. The finance ministry has imposed a duty of up to 11.94 per cent on the product. In its probe, the DGTR had concluded that the current duties have allowed more Indian producers to enter the market and have helped the domestic industry to expand its capacity. The subsidised exports were hurting Indian players. Earlier the revenue department had imposed the duty in September 2019. Subsidised exports impact the price of that product in th

US, Lithuania concerned over China's activities in South China Sea

The leaders of two nations underscored the importance of maintaining peace and stability across the Taiwan Strait and expressed opposition to any unilateral attempt

China raises retirement age, now among youngest in world's major economies

China starting next year will raise its retirement age for workers, which is now among the youngest in the world's major economies. The extension was considered long overdue in a country facing a shrinking population and an aging work force. The policy change will be carried out over 15 years, with the retirement age for men raised to 63 years, and 55 and 58 years for women depending on their jobs. The current retirement age is 60 for men, and 50 for women in blue-collar jobs and 55 for women in white-collar jobs. The policy will be implemented starting in January next year, according to the announcement from China's legislature reported by state broadcaster CCTV. We have more people coming into the retirement age, and so the pension fund is (facing) high pressure, that's why I think it's now time to act seriously, said Xiujian Peng, a senior research fellow at Victoria University in Australia who studies China's population and its ties to the economy. The change will take effect

China's ITU-approved 6G standards set stage for advanced telecom solutions

The new standards address various requirements of the 6G network, including secure content transmission, data updates, and system performance assessment