Page 116 - China

China offers Africa billions in fresh financing, promises 1 million jobs

Xi promised delegrates from more than 50 African nations that the $19 trillion Chinese economy will unilaterally improve access to its market for African trade

Chinese migrants flock to Mexico in search of jobs and taste of freedom

Despite her well-paying tech job, Li Daijing didn't hesitate when her cousin asked for help running a restaurant in Mexico City. She packed up and left China for the Mexican capital last year, with dreams of a new adventure. The 30-year-old woman from Chengdu, the Sichuan provincial capital, hopes one day to start an online business importing furniture from her home country. I want more, Li said. I want to be a strong woman. I want independence. Li is among a new wave of Chinese migrants who are leaving their country in search of opportunities, more freedom or better financial prospects at a time when China's economy has slowed, youth unemployment rates remain high and its relations with the U.S. and its allies have soured. While the U.S. border patrol arrested tens of thousands of Chinese at the U.S-Mexico border over the past year, thousands are making the Latin American country their final destination. Many have hopes to start businesses of their own, taking advantage of Mexico'

Chinese automaker BYD's push for global expansion faces challenges in Japan

Some Japanese are wary of buying big-ticket Chinese products due to quality concerns

Ex-New York official charged as 'secret agent' for Chinese government

The former New York official has been accused of using her influential government position to benefit China while enriching herself in the process

Automaker Minda Corp inks licensing pact with China's Sanco to tap EV mkt

Auto components maker Minda Corporation Ltd on Wednesday said it has signed a technology licensing agreement with China's Sanco Connecting Technology to offer electrical distribution systems solutions for the electric vehicles market. Sanco Connecting Technology is a leader in EV connection systems. Under the agreement, Minda Corp & Sanco will locally develop EV connecting systems, charging gun assemblies with sockets and accessories, bus bars, cell contact systems, power distribution units (PDU) and battery distribution units (BDU), the company said in a statement. "This agreement will enhance the product portfolio offering of Minda Corporation in the growing EV industry in the areas of Electrical Distribution Systems (EDS)," it added. Commenting on the partnership, Minda Corporation Executive Director Aakash Minda said, "By offering new-age EV solutions, we will enhance the overall kit value across vehicle segments, with a commitment to achieve successful localisation, ...

China to revitalise ageing railway linking resource rich Zambia, Tanzania

The single-track TAZARA railway was built between 1970 and 1975 through an interest-free loan from China, offering a cargo transport route

China's services activity expansion slows in Aug, shows Caixin PMI

The new business index remained above 50, extending the sequence of expansion that started from January 2023, but the rate of growth was softer than July

Taiwan accuses China of 'illegally poaching' talent from its tech firms

The revelation follows a series of high-profile raids that have raised concerns about espionage and the protection of Taiwan's technological advancements

Tesla plans six-seat Model Y, production slated for 2025 in China

The Model Y crossover is the best-selling car in China among all power types

China retaliates against Canadian tariffs with anti-dumping probe on canola

Last month, Canadian Prime Minister Justin Trudeau imposed a 100% tariff on Chinese EVs, criticising Beijing for failing to adhere to global environmental and labour standards

China: Anti-dumping probe into canola imports as Canada imposes EV tariff

Canada has followed the lead of the United States and European Union, and announced last week a 100 per cent tariff

Travel industry to contribute record $11 trillion to global GDP in 2024

Travel spending in the US, Chinese and German economies is expected to contribute the most to GDP

'Go for gold' as China weighs on other commodities, says Goldman Sachs

The Wall Street lender adjusted its gold target of $2,700 to early 2025, versus previous forecast of end-2024, citing a price-sensitive China market

Taiwan accuses China of launching satellite over its southwestern ADIZ

Taiwan's Ministry of Defence has alleged that China launched a satellite over Taiwan with its flight path passing over the southwestern Air Defence Identification Zone (ADIZ) of the island nation.Taiwan's Ministry of National Defence said that the satellite launched from Xichang Satellite Launch Center (XSLC) posed "no threat" to the nation, adding that Taiwan Armed Forces monitored the whole process and are ready to respond if the need arises."At 09:20 a.m.(UTC+8), #PLA launched a satellite from #XSLC, with its flight path passing over our southwestern ADIZ. Poses no threat to us, the flight path flew toward the West Pacific Ocean. #ROCArmedForces monitored the whole process and are ready to respond if necessary," Taiwan's MND stated in a post on X.Earlier in the day, Taiwan detected 19 Chinese aircraft, eight Chinese naval vessels and one 'official ship' operating around its territory in the last 24 hours.Taiwan's Ministry of National Defence said that 16 of the People's Liberation .

Tesla's China sales records best month in Aug, marks 37% jump from July

While an encouraging improvement, its performance lags major Chinese rivals by a wide margin

Bus crashes into students, parents in China; 11 dead, 13 injured: Police

A bus crashed into a group of students and their parents at a school in eastern China early Tuesday, killing 11 people and injuring 13, police said. The students and parents were at the gate of a middle school in Tai'an city in the eastern province of Shandong just before 7:30 am, the Dongping county police department said in a posting on social media. Six parents and five students were killed, it said. One of the injured was in serious condition while the others were listed as stable, the department said. The driver was in police custody and the incident was under investigation, it said. The bus was specially customized for transporting students, it said but did not say who was responsible for operating the bus. Many schools contract out such services to private companies or individuals. School safety, including overloaded school buses and poorly designed buildings, has long been a problem in China. In 2017, a dozen people, including 11 kindergarten pupils, were killed when a sc

Xi Jinping wants bigger returns, fewer headaches from African debt deals

From Angola to Djibouti, for over a decade, China poured more than $120 billion of government-backed loans through its Belt and Road Initiative to build hydropower plants

China warns Japan of economic retaliation for possible new chip curbs

One fear in Tokyo is that Beijing could react to new semiconductor controls by cutting Japan's access to critical minerals that are essential for automotive production

Why it will be a mistake to ignore GenAI lessons coming from China

The Chinese borrowed liberally from research in the West. For India, that's a good path to follow, while learning from Chinese developments, without compromising security in any way

'India's dependence on Chinese imports for MSME goods has been declining'

India's reliance on imports of MSME goods such as articles of leather, toys, and musical instruments from China is declining steadily, reflecting the country's efforts to diversify import sources and strengthen domestic production capabilities, an official said on Monday. On the other hand, dependency on imports of these goods from China by other countries like Brazil is increasing. Citing data, the official said that the concentration of musical instrument imports from China has decreased from 77.58 per cent in 2013 to 51.51 per cent in 2023. The share of imports of essential oils, cosmetics, and toilet preparations from China has also declined from 16.33 per cent in 2013 to 11.86 per cent in 2023. Similarly, the inbound shipments of toys and games from the neighbouring country have dipped from 76.7 per cent in 2013 to 70.97 per cent in 2023. "India's trend of reducing its reliance on Chinese imports, particularly in categories like articles of leather, ceramic products, toys, an