Page 113 - China

China's carrot-and-stick tactics on EU nations starting to pay off

China-made EVs exported to Europe rose 38% in 2023 to 656,000 units, including shipments non-EU countries

China to raise retirement age as pension pressure mounts on economy

This decision comes as China's pension system, the world's largest with 1.05 billion contributors and beneficiaries, faces significant stress from demographic change

Xi may meet Zelenskyy, says attendee, as Beijing defence forum opens

There is some hope that Chase's attendance could signal deeper working-level engagement with China

Taiwan detects 22 PLA aircraft, 6 naval vessels near its territory

Since September 2020, China has intensified its use of gray zone tactics by increasing the number of military aircraft and naval vessels operating near Taiwan, according to a Taiwan News report

Major countries must lead in safeguarding global security: China's minister

Dong's remarks come as communications ease between the US and Chinese militaries

Jaishankar says 75% of disengagement problems 'sorted out' with China

Jaishankar also underlined how India and China never had an easy relationship in the past

US House clears bipartisan package of bills to counter China's influence

The US House this week approved a sweeping package of bills to counter China's influence, shoring up a largely bipartisan push to ensure America comes out ahead in the competition between the world's superpowers. The efforts would ban Chinese-made drones, limit China-linked biotech companies from access to the U.S. market, strengthen sanctions and deepen ties with Asian countries. The campaign to target Beijing this week shows how curbing China's power has emerged as a rare issue of political consensus. But some measures did pass along party lines, with Republicans arguing the need to protect national security when it comes to everything from education to farmland, and Democrats raising concerns about discrimination. The advocacy group Asian and Pacific Islander American Vote also warned about overly broad anti-China rhetoric. One contentious measure seeks to revive a Trump-era program to root out Beijing's spying in American universities and institutes. The bills all still need ...

US imposes sanctions on suppliers to Pakistan's ballistic missile programme

RIAMB has worked with Pakistan's National Development Complex (NDC), -which the United States assesses is involved in the development and production of Pakistan's long-range ballistic missiles

China warns carmakers of risks of making overseas investment: Report

It also encouraged carmakers to use overseas factories for final vehicle assembly with knock-down components exported from China to mitigate potential risks stemming from geopolitical issues

US companies in China see record-low profits amid geopolitical tensions

American companies in China are seeing record-low profits, with business confidence at an all-time low amid US-China tensions and a slowing Chinese economy, according to a report published Thursday by a US business group. Out of 306 companies polled, a record-low 66 per cent were profitable in 2023, according to the China business report published by the American Chamber of Commerce in Shanghai. The report also found that only 47 per cent of respondents were optimistic about their business outlook in China over the next five years, the lowest in the survey's history of more than two decades. Beijing and Washington have been at odds in recent years over issues like trade and manufacturing, as well as China's claims over the South China Sea. China is also grappling with a slowing domestic economy, with lackluster consumer demand and deflationary pressures persisting even post-Covid. The geopolitical tensions between both countries was the top challenge to businesses' operations in .

India to lead global oil demand growth in 2024, surpassing China: IEA

Global oil demand is experiencing its slowest growth since 2020, primarily due to weak demand from China and a drop in Russia's global oil supply

China's commerce minister to visit Europe ahead of EV tariff vote

The announcement of Wang's Europe trip followed the visit of Spanish Prime Minister Pedro Sanchez to China earlier this week where he unexpectedly said the EU should reconsider its position

China's Li Qiang, Saudi crown prince discuss cooperation in several sectors

Li made his remarks in a meeting in Riyadh with GCC Secretary General Jasem al-Budaiwi, Chinese state news agency Xinhua said

US businesses' optimism in China falls to record low, shows survey

Only 47 per cent of US firms were optimistic about their five-year China business outlook, a drop of five percentage points from last year, according to the survey

China asks its carmakers to keep advanced EV technology within country

The instructions come as companies from BYD Co. to Chery Automobile Co. firm up plans to build factories in Spain to Thailand and Hungary as their innovative EVs make inroads in foreign markets

Honda Motor cuts jobs in China, pauses production at three plants

The automobile industry's rapid transition toward EVs and fierce competition in China have hurt sales and earnings of foreign automakers, including Japanese, American and German

Could combine potential with China if face threat from US, says Russia

"I would like to remind you that Moscow and Beijing will respond to 'double containment' by the United States with 'double counteraction'," Foreign Ministry spokeswoman Maria Zakharova said

Huawei unveils tri-fold smartphone, raising competition with Apple in China

Just hours after Apple unveiled its latest iPhone model, Huawei is holding a launch event of the new Z-shaped smartphone Mate XT which was displayed on its flagship e-commerce stores

European business confidence in China is at all-time low, says report

China must reprioritise economic growth and reforms and boost investor confidence by levelling the playing field for all companies in the country, a European business group said Wednesday. With business confidence now at an all-time low over lagging domestic demand and overcapacity in certain industries, the annual European Business in China Position Paper called on China to open its economy and allow a more free market to determine resource allocation. It also recommended introducing policies to boost domestic demand. Profit margins in China are at or below the global average for two-thirds of the companies surveyed earlier in the year, according to the paper published Wednesday by the European Chamber of Commerce in China. In August, China filed a complaint with the World Trade Organisation over European Union tariffs on electric vehicles made in China. It also launched anti-dumping and subsidies investigations of European dairy products, brandy and pork exports. The tit-for-tat .

India's bid to match rival China's factory heft gets a reality check

Indian Chief Economic Adviser V. Anantha Nageswaran said it was inevitable India would need to plug itself into China's supply chains.