Page 114 - China

EU, China should build bridges, avoid trade war: Spanish PM Pedro Sanchez

This week, China renewed negotiation efforts seeking to overturn the proposed duties on Chinese EVs

Lawmakers review plan to raise retirement age in fast-greying China

Reform is urgent with life expectancy in China rising to 78 years as of 2021 from about 44 years in 1960

Evergrande founder's ex-wife wins limited access to frozen funds in UK

The troubled developer's liquidators are pursuing legal action to recover approximately $6 billion from seven defendants

China challenges dim European firms' investment appetite, says lobby group

The European Union Chamber of Commerce in China said in the latest edition of its Position Paper

Tech firm executives to testify before US Senate about election threats

Google parent Alphabet's global affairs president Kent Walker, Meta's global affairs president Nick Clegg, Microsoft President Brad Smith and a representative from Adobe will testify at the Sept 18

India not closed to doing business with China, says Jaishankar in Berlin

India subsequently tightened its scrutiny of investments from Chinese companies and halted major projects

Ex-Samsung executives arrested for allegedly stealing tech for China

The Seoul Metropolitan Police Agency on Tuesday described how the pair had collaborated with local Chinese officials to build a semiconductor facility

Chinese EV maker BYD aims to sell 4 mn vehicles this year: Report

BYD attributed the extra sales growth to this year's introduction of new models with its latest plug-in hybrid technology known as DM-i 5.0, which would also contribute a better margin

South Korea antitrust regulator probes Mercedes-Benz unit after EV fire

The investigation came after a fire involving a Mercedes-Benz electric vehicle broke out in the city of Incheon on August 1

Southeast Asian nations likely to boost coal trade as China approaches peak

The Indonesian Coal Miners Association (ICMA) expects imports by China and India to peak in 2025, ending growth in global seaborne trade volumes of the polluting fuel

Southeast Asia's local industries struggle with influx of Chinese imports

In Thailand's Lampang, half the ceramics factories have closed, Indonesia's textile workers face mass layoffs, and Malaysia's 10% e-commerce tax fails to shield manufacturers

China's exports beat forecasts, but imports weak amid slow domestic demand

Outbound shipments from the world's second-largest economy grew 8.7 per cent year-on-year in value last month, customs data showed on Tuesday

Floods inundate north Vietnam; Typhoon Yagi claims 65 lives, 39 missing

Several rivers in northern Vietnam have risen to alarming levels, leaving villages and residential areas inundated, according to the disaster agency and state media

China's August exports grow 8.7%, beating forecasts while imports soften

China's exports grew for a fifth consecutive month, in a sign of growing demand abroad even as imports fell amid a slowing Chinese economy. Exports in August expanded by 8.7 per cent to USD 308.65 billion compared to the same period last year, according to data released by China's customs office Tuesday, beating economists' estimates of about 6.5 per cent. The export figures for August were also up from the 7 per cent rise in July. The reading in August is the strongest in 18 months, thanks in part to a low base in August 2023, when exports declined 8.8 per cent. By comparison, imports grew just 0.5 per cent compared to a year ago, falling short of the approximately 2 per cent estimate by economists. Chinese leaders have ramped up investment in manufacturing to rev up an economy that stalled during the pandemic and is still growing slower than hoped. Export values grew year-on-year at the fastest pace in 17 months, with export volumes hitting record highs. We expect exports to rem

Apple's AI gap in new iPhones hits China users as Huawei threat looms

The iPhone 16 launch dominated discussions on Chinese social media on Tuesday, ahead of Huawei's unveiling of a three-way foldable smartphone later in the day

US bill to restrict business with China's biotech companies passes House

The US Senate's Homeland Security committee voted in March to approve a similar bill

Mere painting of marks does not mean China encroached our land: Rijiju

Amidst reports of incursion by China's People's Liberation Army (PLA) in Arunachal Pradesh, Union Minister Kiren Rijiju on Monday said the mere painting of marks in undemarcated locations doesn't mean the areas have been encroached upon. Rijiju, who hails from Arunachal Pradesh, also said that overlapping of patrolling by Indian and Chinese forces does take place in the undemarcated areas along the Sino-Indian border but that does not lead to encroachment of Indian territory. The union minister's comments came amidst reports that the PLA allegedly entered inside Indian territory in the Anjaw district of Arunachal Pradesh last week and they were camping in the Kapapu area of the district for some time. Pictures of bonfires, painting of rocks and Chinese food materials found at the site have been shared on social media, the reports said. "China can't take our land. Overlapping of patrolling does take place in the undemarcated areas. They are not allowed to construct anything permanen

China's deflation spiral now entering dangerous stage, needs policy action

We are definitely in deflation and probably going through the second stage of deflation, said Robin Xing, chief China economist at Morgan Stanley, citing evidence from wage decreases

China begins anti-dumping probe into Canadian rapeseed ahead of EV tariff

More than half of rapeseed, also known as canola, exported by Canada makes its way to China

Despite rise in exports, Chinese car sales fall for fifth straight month

Sales fell 1.1 per cent from the same month a year earlier to 1.92 million vehicles, data from the China Passenger Car Association showed