Page 117 - China

TikTok parent ByteDance eyes $9.5 bn in record Asia dollar corporate loan

ByteDance's facility is larger than the earlier-anticipated size - an indication that the borrower is eager to take advantage of Asia's loan market, which is flush with liquidity amid dismal deal flow

China to pitch green tech exports to Africa amid concerns of Western curbs

"That's a big ask for a continent that generally has very poor China literacy."

China's August manufacturing swung back to growth, shows Caixin PMI

The Caixin/S&P Global manufacturing PMI rose to 50.4 in August from 49.8 the previous month, beating analysts' forecasts in a Reuters poll of 50.0

Taiwan to purchase over 1K Stinger missiles amid increased Chinese threat

Taiwanese forces urgently require more effective countermeasures and deterrence, prompting the Army to order 1,985 more Stinger missiles

China home sales slump continues despite government's rescue efforts

The sector continues to be a drag on China's economy, which needs more stimulus to meet the government's 5 per cent growth target this year, according to reports

Schneider looks to raise India's share in industrial automation biz to 25%

In 2020, Schneider Electric completed the purchase of Larsen & Toubro's switchgear business which was acquired by Schneider Electric in 2020

Navies of Singapore and China conduct bilateral maritime exercise

The navies of Singapore and China on Sunday began the third edition of a bilateral maritime exercise, underscoring the "longstanding, warm and friendly" defence ties between the two countries, according to an official statement. The Exercise Maritime Cooperation is being conducted between the Republic of Singapore Navy (RSN) and China's People's Liberation Army (PLA) from September 1 to 5, the Ministry of Defence here said in a statement. Its opening ceremony was held at the Ma Xie Naval Base in Zhanjiang, China, on Sunday, with about 200 personnel from both navies in attendance, The Straits Times newspaper reported. This is the third edition of the maritime exercise since its inauguration in 2015. The exercise underscores the "longstanding, warm and friendly bilateral defence relationship between both countries", the statement said. The Formidable-class frigate RSS Stalwart from Singapore is participating in the exercise. It will observe the conduct of various tasks by the PLA Na

Taiwan detects 10 PLA military aircraft, 9 naval vessels around territory

Notably, Taiwan has been governed independently since 1949. However, China considers Taiwan part of its territory and insists on eventual reunification, by force if necessary

China, Philippines accuse each other of ramming ships in South China Sea

No injuries were reported as a result of the collisions

On day 1 of X ban in country, Brazilians feel disconnected from world

The blocking of social media platform X in Brazil divided users and politicians over the legitimacy of the ban, and many Brazilians had difficulty and doubts over navigating other social media in its absence. The shutdown of Elon Musk's platform started early Saturday, making it largely inaccessible on both the web and through mobile apps after the billionaire refused to name a legal representative to the country, missing a deadline imposed by Supreme Court Justice Alexandre de Moraes. The blockade marks an escalation in a monthslong feud between Musk and de Moraes over free speech, far-right accounts and misinformation. Brazil is one of the biggest markets for X, with tens of millions of users. I've got the feeling that I have no idea what's happening in the world right now. Bizarre, entertainment writer and heavy X user Chico Barney wrote on Threads on Saturday. Threads is a text-based app developed by Instagram that Barney was using as an alternative. This Threads algorithm is li

Japan protests over Chinese survey ship entering its territorial waters

Japan lodged a formal protest via China's embassy against what it called an incursion by a Chinese survey ship into its territorial waters Saturday, the Japanese foreign ministry said. The ministry expressed strong concern after the ship was spotted near Kagoshima Prefecture, southwestern Japan, early in the morning. The Chinese ship, confirmed in territorial waters at 6 am local time, left shortly before 8 am, according to Japan's Defence Ministry, adding it was monitored by a Japanese military vessel and plane. Recently, China's increasingly assertive activity around Japanese waters and airspace has caused unease among Japanese defence officials, also concerned about the growing military cooperation between the Chinese and Russian air forces. This follows Tokyo's protest after a Chinese military aircraft briefly entered Japan'ssouthwestern airspace on Monday. It was the first time the Japanese Self Defence Force detected a Chinese military aircraft in Japan's airspace. Chinese .

Chinese Communist Party tightens rules of behaviour for its members

The ruling Communist Party of China headed by President Xi Jinping has issued a new set of rules to remove incompetent members deemed lagging in their faith, loyalty and performance, in a bid to further strengthen the party's control over the conduct of its nearly 100 million members. The General Office of the Communist Party of China (CPC) Central Committee released regulations on Thursday outlining how underperforming and unqualified party members should be dealt with, aiming to ensure the advanced nature and integrity of its membership by providing institutional guarantees, state-run Xinhua news agency reported. Comprising 27 articles, these new rules are crucial for exercising full and rigorous Party self-governance, an official from the Organisation Department of the CPC Central Committee told Xinhua. They are essential for promoting the party's self-reform, establishing a team of Party members with strong beliefs, political reliability, reasonable composition, outstanding ...

China's central bank starts trading govt bonds to influence yield curve

After starting with just verbal warnings earlier this year, the PBOC's pushback against the bond rally has evolved into action since early August

Japan's defence ministry seeks record budget amidst growing Chinese threat

Japan's Defence Ministry Friday sought a record 8.5 trillion yen (USD 59 billion) budget for the next year to fortify its deterrence on southwestern islands against China's increasing threat, while focusing on unmanned weapons and AI to make up for the declining number of servicemembers as a result of the country's shrinking population. The ministry's request for 2025 marks the third year of Japan's rapid five-year military buildup plan under the government's ongoing security strategy. Japan aims to spend 43 trillion yen (USD 297 billion) through 2027 to double its annual military spending to around 10 trillion yen, making it the world's third-largest military spender after the United States and China. The budget request was approved at the Defence Ministry meeting Friday ahead of a submission to the Finance Ministry for negotiations through December. Japan has been rapidly building up the defense of the southwestern region in recent years amid China's growing military threats and

China's market regulator says Alibaba completed 3-yr 'rectification' period

In 2021, the regulator slapped a record $2.75 billion fine on the e-commerce giant for abusing its market position by forcing merchants on its platforms not to work with rival platforms

China lacks ability to fully invade, but has other options: Taiwan military

China's aim with the drills was to practice cutting off communication with the outside world and blockade Taiwan, and boarding foreign cargo ships is an option China could take

Indian dealers offer steeper discounts on gold as high prices dent demand

In India, the world's second-largest gold consumer, domestic prices were ruling around 71,900 rupees per 10 gram on Friday

US diplomat Jake Sullivan meets Chinese President Xi Jinping in Beijing

US National Security Adviser Sullivan described the Beijing trip as a true working visit

Russia payment hurdles with China partners intensified in August: Report

Russian companies, officials for a few months have pointed to delays in transactions after Chinese banks tightened compliance following Western threats of secondary sanctions for dealing with Russia

Taiwan detects 25 Chinese aircraft, 7 naval vessels around territory

Seventeen of the aircraft crossed the median line of the Taiwan Strait and entered Taiwan's southeastern and southwestern ADIZ