Page 115 - China

Adani floats subsidiary in China for providing project management services

Adani Group has formed a subsidiary in China to carry out business of providing supply chain solutions and project management services, according to a regulatory filing. Adani Enterprises, the group's flagship firm, in the filing said a Singapore-based step-down subsidiary incorporated a wholly-owned subsidiary, Adani Energy Resources (Shanghai) Co. (AERCL), domiciled in Shanghai, China on September 2, 2024. "AERCL is incorporated to carry out business of providing supply chain solutions and project management services," it said without providing details. The subsidiary was incorporated by Adani Global Pte (AGPTE), Singapore - a step-down subsidiary of Adani Enterprises Ltd (AEL). AEL houses the conglomerate's mining, roads, airports, data center and water infrastructure businesses. "AERCL has been incorporated and registered under the laws of Company Law of the People's Republic of China on September 2, 2024," the filing said. AERCL is yet to commence its business operations. T

China planning to allow wholly foreign-owned hospitals in some areas

Removal of restrictions on foreign investment in these fields comes as world's second largest-economy faces growing headwinds with flagging foreign business sentiment one of issues threatening growth

Taiwan detects increase in Chinese military activity near its territory

In response to China's military action, Taiwan sent aircraft and naval ships and deployed coastal-based missile systems to monitor PLA activity

Super typhoon Yagi wreaks havoc in China's Hainan, kills four, 95 injured

Four people were killed and 95 others injured as super Typhoon Yagi pounded south China's island province of Hainan with heavy rain and gusty winds, forcing thousands of people to be relocated for safety, local authorities said on Saturday. Yagi, the 11th typhoon of this year, made two landfalls in China on Friday, first striking Hainan and later the Guangdong province. Super Typhoon Yagi has pounded south China with heavy rain and gusty winds, leaving four people dead and 95 injured, the state-run Xinhua news agency reported, citing authorities. Chinese President Xi Jinping has urged beefed-up disaster relief efforts after the typhoon struck the country's southern region. In Hainan, a popular tourist destination, the storm uprooted trees, caused power outages and flooded roads. Over 2,200 workers have been mobilised to restore power to more than 1.5 million affected households, Xinhua reported. High-speed rail services circling the island are expected to resume on Saturday aftern

Typhoon Yagi kills 2, injures 92 in China's Hainan as it heads to Vietnam

A powerful typhoon killed two people and left at least 92 injured in the southern Chinese island of Hainan, authorities said Saturday, with heavy rains and winds causing power outages in over 800,000 households. The typhoon Yagi is currently en route to northern Vietnam over the Gulf of Tonkin Saturday, with Vietnamese authorities describing Yagi as one of the most powerful typhoons in the region over the past decade. The typhoon on Friday afternoon struck Hainan's Wenchang city, with wind speeds of up to about 245 kph (152 mph) near its centre. China's national meteorological authorities said Yagi was the strongest autumn typhoon to have landed in China. Some 420,000 residents were relocated in Hainan prior to the typhoon's landfall in Hainan. Another half a million people in Guangdong province were evacuated before Yagi made a second landfall in the province's Xuwen County on Friday night. Haikou's meteorological observatory downgraded its typhoon signal from red to orange on ..

Taiwan detects 9 PLA military aircraft, 7 naval vessels around territory

In response to China's military action, Taiwan sent aircraft and naval ships and deployed coastal-based missile systems

Taiwan court sentences three retired officers for spying on China's behalf

Taiwan News reported that Chang, Chou, and Yueh reaped benefits from China for their business

GTRI flags concern against India of becoming 'EV colony' for China

The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an 'EV colony' for China, think tank GTRI said on Friday. India faces unique challenges not faced by other countries in adopting EVs (electric vehicles) at large scale, it added. These challenges include 80 per cent of electricity generated from fossil fuels like coal, frequent power cuts, and dependency on imports for making EVs in the country like batteries and critical minerals, the Global Trade Research Initiative (GTRI) said. "Considering these challenges, instead of rushing into the fray with heavy incentives or falling into dependence on Chinese imports, India has the opportunity to let its EV sector evolve naturally. By allowing market forces to steer the sector's growth, India can avoid becoming an 'EV colony' for China and carve out its own path in the global EV landscape," it added. It also said the global EV market is undergoi

India emerges as second-largest global 5G smartphone market, overtakes US

China leads the global 5G smartphone market with a 32 per cent share, followed by India with 13 per cent, while the US has dropped to third place with 10 per cent

China warns students: Beware of “good looking people”

China's top spy agency has issued a bold warning: students, beware of "good looking people"! Watch the video to find out why.

Nepal lifts ban on social media app TikTok after 10 months of restrictions

With some pre-conditions, Nepal has lifted its ban on TikTok, effective Friday, which was initially imposed on November 12 last year

Pizza Hut adapts to China's sluggish economy by opening cheaper stores

The first Pizza Hut Wow store opened in Guangzhou in May and there are now more than 100 around the country, with a target of 200 by the end of the year, Yum China said

Southern China braces for Typhoon Yagi after it sweeps by Hong Kong

A powerful typhoon swept south of Hong Kong and was moving toward a Chinese island province where it was expected to make landfall Friday, forcing many aspects of life in the region to a halt. Trading on the stock market, bank services and schools were halted in Hong Kong after the city's weather authority raised a No. 8 typhoon signal for Typhoon Yagi, the third-highest warning under the city's weather system. Yagi, with maximum sustained winds of 230 kilometers (142 miles) per hour near its center, forced more than 250 people to seek refuge at temporary government shelters and led to cancellations of more than 100 flights in the city. Heavy rain and strong winds overnight felled dozens of trees across the financial hub before the weather gradually calmed on Friday morning. The weather forecaster was expected to downgrade the typhoon signal in the afternoon. In Hainan, a tropical holiday island in southern China, residents were bracing for the powerful storm. The province's ...

S Korean chip executive detained over alleged technology leak to China

Choi, a former Samsung executive who ran a chipmaking venture in China, has already been the subject of a high-profile industrial espionage trial

'People Called Ladakh' explores the region's diverse cultures, communities

The book also spotlights Kargil, a city that most people still associate with the 1999 Indo-Pakistan war

China's central bank sees room to cut reserve buffers to boost economy

The central bank would watch developing economic trends before making any adjustments, Zhou said, adding that the bank was closely monitoring policy changes in major economies

China property developer Country Garden makes PwC resign as auditor

PwC has been in focus over its role in auditing China Evergrande Group which was accused of a $78 billion fraud, triggering a client exodus, cost cuts and layoffs

China's Xi boosts Africa financing by $51 billion, offers a million jobs

China and Africa account for one-third of the world population, without our modernisation, there will be no global modernisation, Xi said

With super typhoon winds, Yagi whirls towards Southern Chinese provinces

Packing maximum sustained winds of 209 kph (130 mph) near its eye, Yagi registers as the world's second-most powerful tropical cyclone

Chinese, African leaders hold summit on deepening bilateral cooperation

Dozens of African leaders have descended on Beijing for a summit that signals China's influence in a continent that it hopes will be a key ally in pushing back against a U.S.-led global order. Chinese President Xi Jinping proposed to the assembled leaders Thursday that relations with all African countries that have diplomatic ties with China be elevated to the strategic level. We have always understood and supported each other, setting an example for a new type of international relations," he said at the opening ceremony of the Forum on China-Africa Cooperation. China has become a major player in Africa since the forum was founded in 2000. Its companies have invested heavily in mining for the resources Chinese industry needs and its development banks have made loans to build railways, roads and other infrastructure under Xi's Belt and Road program. China has become sub-Saharan Africa's largest bilateral trading partner but exports much more to the continent than it imports. In part