Page 123 - China

China Evergrande liquidators sue PwC for 'negligence', 'misrepresentation'

China Evergrande defaulted on more than $300 billion of its international debts in 2021, triggering a financial crisis within China's property sector

Tesla recalls 1.68 mn EVs in China to repair faulty latches free-of-cost

Tesla's recall notice says that an unlocked trunk lid could open during driving, interfering with the driver's vision

China's export growth slows to 3-month low in July, but imports up solidly

Outbound shipments climbed 7.0 per cent in July from the year earlier, a slower pace of growth than June's 8.6 per cent rise and missing forecasts of a 9.7 per cent increase

18 PLA aircraft cross into Taiwan's Air Defense Identification Zone

On Monday, Taiwan said that 9 Chinese military aircraft and 9 naval vessels were operating around Taiwan, out of which 6 crossed the median line of the Taiwan Strait

India imports 1.8 MT urea, 2.2 MT fertiliser from China in 2023-24

India imported 18.65 lakh tonne urea and 22.58 lakh tonne phosphatic and potassic (P&K) fertilisers from China during 2023-24, the government informed Parliament on Tuesday. In a written reply to the Rajya Sabha, Minister of State for Chemicals & Fertilisers Anupriya Patel said, "Government of India through Department of Fertilizers imports urea (agriculture purpose) on government account to bridge the gap between production and assessed demand." As per the data, the country imported 70.42 lakh tonne urea in 2023-24 for USD 2.6 billion. Of this, India imported 18.65 lakh tonne urea from China valuing USD 730 million. "So far as P&K fertilizers are concerned, these grades of fertilizers are covered under Open General Licence (OGL) under the Nutrient Based Subsidy Scheme (NBS). They are imported by the companies on their commercially viable terms," Patel said. The value of imported P&K fertilizers is not maintained in the department. India imported a total of 106.53 lakh

Holiday Inn owner IHG posts strong Q2 as US rebound outweighs China's

Shares in IHG, which have been pressured in the past week after a warning from US rival Marriott and US recession fears, rose 4 per cent in early trade

China to launch first satellites of constellation to rival Starlink: Report

The competition to occupy Earth's lower orbits also has military implications, with the potential to affect the balance of power between warring countries

Chinese megacity, Hangzhou limits outdoor lighting as heat strains grid

Chinese meteorologists say the record heat in 2024 has been worsened by global warming despite the cooling effects of the La Nina weather phenomenon

Olympics 2024: Lui Yang of China defends his gold medal in still rings

Liu Yang of China defended his Olympic gymnastics title on still rings, posting a score of 15.300 to edge teammate Zou Jingyuan in the finals on Sunday. The 29-year-old Liu is the third man to win multiple Olympic titles in an event that requires strength and impeccable body control, joining Albert Azaryan of Russia and Akinori Nakayama of Japan. Eleftherios Petrounias of Greece earned the bronze. Petrounias has won a medal on rings in three straight Games. He was the champion in 2016 in Rio de Janeiro and a bronze medalist in Tokyo three years ago. The difference between Liu's 15.300 and Zou's 15.233 came on the dismount. Zou hopped a couple of times after hitting the mat while Liu's bounce was considerably smaller. Samir Ait Said of France finished fourth, eight years after memorably breaking his left leg on a vault in Rio. Said, who already has committed to trying to make it to Los Angeles 2028, roared after his dismount in front of a highly partisan crowd inside Bercy Arena. T

Evergrande aims to recover $6 billion from founder Hui, former top execs

The liquidators said they had obtained injunctions restraining Hui, Ding and Xia from dealing with, disposing of, or diminishing the value of their worldwide assets up to various prescribed limits

Philippines, Vietnam holds joint exercises amid South China Sea tensions

This collaboration follows an agreement between Manila and Beijing to de-escalate tensions in the South China Sea, specifically regarding Philippine resupply missions to Second Thomas Shoal.

With smugglers and front companies, China is skirting US AI bans

Nvidia and other US companies say they are abiding by the restrictions but cannot control everything in their distribution chain

China's marriage registrations to fall record low in 2024, says expert

China's marriage registrations in 2024 were set to register a record low since 1980, a demographic expert has warned after the marriage registrations in the first half of this year fell by 4.98 lakhs, heightening the country's looming demographic crisis. The fall in marriage numbers was expected to add to the declining birth rates, which have been steadily falling over the years amid the rapid rise of the ageing population. The latest statistics from China's Ministry of Civil Affairs show that 34.3 lakh Chinese couples got married during the first half of 2024, a drop of 4.98 lakh couples compared to the same period from last year, state-run Global Times reported on Monday. It said that 1.27 million couples also got divorced. He Yafu, an independent demographic expert who tracks marriage registration data, predicted that based on the present trend, the annual figure of marriage registrations in 2024 will drop to a record low since 1980. The decline in the number of marriage ...

US expected to propose ban on Chinese software in autonomous vehicles

Biden administration plans to issue a proposed rule that would bar Chinese software in vehicles in the United States with Level 3 automation

Torrential rains took more than 150 lives in China in last 2 months

Landslides and flooding have killed more than 150 people across southern China in the past two months as torrential rainstorms batter the region. In the latest disaster, a flood and mudslide early Saturday in a mountainous Tibetan area in Sichuan province left eight people dead with 19 others still unaccounted for, state media said. The early morning disaster destroyed homes and killed at least six people in the village of Ridi, the official Xinhua News Agency said. Two more people died and eight are missing there after a bridge between two tunnels collapsed and four vehicles plummeted. China is in the middle of its peak flood season, which runs from mid-July to mid-August, and Chinese policymakers have repeatedly warned that the government needs to step up disaster preparations as severe weather becomes more common. An annual government report on climate said last month that historical data shows the frequency of both extreme precipitation and heat has risen in China, according to

Record temperatures scorch eastern China, driving up power demand

In the east and northwest of China, temperatures as high as 43.9 degrees Celsius

China's services activity expands further, external demand slows: PMI data

The world's second-biggest economy grew much more slowly than expected in the second quarter

Taiwan detects 9 Chinese military aircraft, 9 naval vessels near territory

This latest incident adds to a series of similar provocations by China in recent months

Taiwan detects 36 PMLA aircraft, 12 naval vessels near territory

This latest incident adds to a series of similar provocations by China in recent months

27 Chinese aircrafts cross into Taiwan's Air Defense Identification Zone

Taiwan's military closely monitored the situation and responded promptly to the incursion