Page 127 - China

Govt looks to speed up visa issuance for Chinese technicians: Report

The technicians are needed to operate Chinese-made machinery installed in Indian high-tech manufacturing units in industries ranging from telecoms to steel products and solar panels

Crude oil prices steady amid falling US inventories, China concerns

Brent crude oil futures were up 33 cents, or 0.39%, at $84.06 a barrel by 1204 GMT. U.S. West Texas Intermediate crude futures were up 51 cents, or 0.63%, at $81.27

India to fast-track China visas after businesses complain of delays

Businesses say restrictions are hurting the country's ability to become a manufacturing hub

Self-exiled billionaire Guo Wengui convicted of fraud after fleeing to US

Guo Wengui, a self-exiled Chinese business tycoon whose criticism of the Communist Party won him legions of online followers and powerful friends in the American conservative movement, was convicted by a US jury Tuesday of engaging in a massive multiyear fraud that ripped off some of his most devoted fans. Once believed to be among the richest people in China, Guo was arrested in New York in March of 2023 and accused of operating a racketeering enterprise that stretched from 2018 through 2023. Over a seven-week trial, he was accused of deceiving thousands of people who put money into bogus investments, with the aim of preserving a luxurious lifestyle. He was convicted of nine of 12 criminal counts, including racketeering conspiracy. Guo's lawyers said prosecutors hadn't proven he'd cheated anyone. Guo, who is also known by the name Miles Kwok, left China in 2014 during an anti-corruption crackdown that ensnared people close to him, including a top intelligence official. Chinese ..

PwC considers halving China financial services audit staff: Report

The move follows Chinese regulators' scrutiny of PwC this year for its role as the auditor of troubled property giant China Evergrande Group, which, in turn, triggered the exit of some clients

Hong Kong tests its own ChatGPT-style tool as OpenAI plans to block access

Hong Kong's government is testing the city's own ChatGPT -style tool for its employees, with plans to eventually make it available to the public, its innovation minister said after OpenAI took extra steps to block access from the city and other unsupported regions. Secretary for Innovation, Technology and Industry Sun Dong said on a Saturday radio show that his bureau was trying out the artificial intelligence program, whose Chinese name translates to document assistance application for civil servants," to further improve its capabilities. He plans to have it available for the rest of the government this year. The program was developed by a generative AI research and development center led by the Hong Kong University of Science and Technology in collaboration with several other universities. Sun said the model would provide functions like graphics and video design in the future. To what degree it would compare to the capabilities of ChatGPT was unclear. Sun's bureau did not respond

China is the 'biggest threat' to US, says Donald Trump's VP pick JD Vance

When asked about the war in Ukraine, Vance said Trump would negotiate with Moscow and Kyiv to "bring this thing to a rapid close so America can focus on the real issue, which is China

Amid Ukraine war, Russia upgraded to 'high-income' nation; here's why

Thriving in a war economy: Amid heavy sanctions, Russia's economy defied expectations, achieving a high-income status for the first time since 2014, according to the World Bank

India set to advance Indo-Pacific agenda at Quad foreign ministers' meeting

The agenda is set to address China's expanding naval activities in the East China Sea and the South China Sea, alongside concerns over North Korea's nuclear and missile programmes

Bangladesh prefers India over China to execute $1 billion river project

China and India both want to execute the Teesta River Comprehensive Management and Restoration, a Dhaka-led initiative to better manage the river's waters

Airbus expects China, India to drive jet sales in next two decades

Carriers in India have loaded up on new plane orders as demand for flying soars with a growing middle class

China's June new home prices fall at fastest pace in 9 years, shows data

New home prices were down 4.5 per cent from a year earlier, hitting the lowest since June 2015, deeper than a 3.9 per cent slide in May, according to Reuters calculations based on NBS data

Taiwan reports increase in Chinese military activity near its borders

Total of 10 Chinese aircraft and 6 Chinese vessels were detected operating in proximity to Taiwan

China tries to clean sweep with 8-for-8 in diving gold at Paris Olympics

Chinese divers won seven of eight gold medals at the last Olympics in Tokyo, termed one of the greatest performances in Olympic history. Even more is expected this time in Paris. China has ruled diving for decades. But it's never pulled off the elusive gold sweep at the Games. The People's Daily the official newspaper of the Communist Party termed this lapse regrettable in a recent article. How's that for pressure? I hope that all of us can stand on the top of the podium, Tokyo gold medalist Quan Hongchan said in an interview on state-run television. They might, and the record is already staggering. Starting with the 1984 Los Angeles Olympics where China claimed its first diving gold, it has won 47 of 64 gold medals. Add to that 23 silver and 10 bronze. If you start counting from the 2008 Beijing Olympics, Chinese have won 27 of 32 gold. That's almost perfection, but someone always spoils the party like American David Boudia, Australian Matthew Mitcham, Briton Tom Daley or Ru

Court voids Kansas researcher's conviction in Chinese espionage probe

A federal appeals court has reversed the conviction of a researcher who was accused of hiding work he did in China while employed at the University of Kansas. Feng Franklin Tao was convicted in April 2022 of three counts of wire fraud and one count of making a materially false statement. US District Judge Julie Robinson threw out the wire fraud convictions a few months later but let the false statement conviction stand. She later sentenced him to time served. But the 10th US Circuit Court of Appeals in Kansas City, Missouri, on Thursday ruled that the government failed to provide sufficient evidence that Tao's failure to disclose his potential conflict of interest actually mattered, and it directed the lower court to acquit him of that sole remaining count. The case against Tao was part of the Trump administration's China Initiative, which started in 2018 to thwart what the Justice Department said was the transfer of original ideas and intellectual property from US universities to t

Taiwan ups alertness after detecting test-firing by China's missile unit

Taiwan's Defence Ministry said Saturday it was monitoring waves of test-firing by China's missile unit in a region more than 1,600 kilometres (1,000 miles) from the self-ruled island and that its air force stepped up its alertness. China views the democratic island as a breakaway province that should be reunified with the mainland. According to Taiwan's military news agency, the ministry had detected multiple waves of test-firing operations by China's Rocket Force in Inner Mongolia on Saturday. It did not give details on the tests taken by the force, which takes charge of China's arsenal of missiles. It is not immediately clear whether the tests were related to China's harassment of Taiwan. In recent years, China has ramped up its military activities around the island, which is ruled by the Democratic Progressive Party. In May, Taiwan's newly elected President Lai Ching-te said in his inauguration speech that he wants peace with China and urged it to stop its military threats and .

'Upset' Bangladesh PM Sheikh Hasina cuts short her China visit: Report

China reportedly promised Dhaka $5 billion in loan assistance ahead of the visit. The eventual outcome of deal amounted to $100 mn

China's iSpace rocket fails soon after launch, losing 3 weather satellites

A Chinese rocket start-up has suffered yet another launch failure, resulting in the loss of three satellites as part of a commercial constellation being assembled for global weather forecasting and earthquake prediction. Hyperbola-1 a 24-metre (79ft) high solid-fuel rocket produced by iSpace lifted off on Thursday from the Jiuquan Satellite Launch Centre in China's Gobi Desert. The rocket's first, second and third stages flew normally, but the fourth stage suffered an anomaly and the launch mission ended in failure, the company said, adding that the specific reasons for the failure would be announced as soon as possible after detailed investigations, the Hong Kong-based South China Morning Post reported on Friday. The relatively small Hyperbola-1, which can deliver a 300 kg (661 pounds) payload into a 500 km (311 miles) sun-synchronous orbit, was carrying Yunyao-1 weather satellites 15, 16 and 17 for the Tianjin-based Yunyao Aerospace Technology company. The satellites did not re

Solomon Islands and China strengthen ties, move worries US, Pacific allies

The Solomon Islands' new prime minister is in Beijing for a visit as China and the strategic Pacific archipelago strengthen their ties. Prime Minister Jeremiah Manele met his Chinese counterpart Li Qiang on Thursday and was holding more meetings Friday before his departure Monday. China's influence increased significantly during the term of Manele's predecessor, with the country switching diplomatic recognition from Taiwan to China and striking a secret security pact that has raised fears of China's security forces gaining a foothold in the region long dominated by the US, Australia and New Zealand. Those moves came at a time of major tensions between Washington and Beijing, and the Solomons' tighter ties with China are seen as undermining the influence of the US and other traditional allies in the Western Pacific. During their meeting, Li pushed for closer economic cooperation and a strategic partnership between China, the Solomons and other Pacific island nations, according to ..

Our country's future must not depend on China's goodwill: Taiwan minister

Chui-cheng said that China's propaganda and threats were the root cause of the air of uncertainty across the state of Taiwan Strait