Page 143 - China

China protests against new US tariffs, promises to protect its interests

China's Commerce Ministry also said that the move is against US President Joe Biden's earlier stand of not seeking to 'contain' or 'decouple' with Beijing

US makers of masks, gloves get lifeline from tariffs on Chinese products

Biden's tariffs could boost demand by helping level a price differential with cheap imports from China, and could foster investments

Chinese EV maker Leapmotor to enter India in third quarter of 2024-25

Stellantis and Leapmotor announced on Tuesday that they have received all required approvals to form Leapmotor International BV, a 51:49 joint venture led by Stellantis

Alibaba Q4 results: Profit declines by 86%, beats revenue estimates

Consumers in China have been spending carefully after the Covid-19 pandemic amid an economic slowdown and property slump

Biden's new tariffs on Chinese EVs, steel adding to tensions with Beijing

The Biden administration announced plans to slap new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment an election-year move that's likely to increase friction between the world's two largest economies. The tariffs come in the middle of a heated campaign between President Joe Biden and his Republican predecessor, Donald Trump, in which both candidates are vying to show who's tougher on China. The tariffs are unlikely to have much of an inflationary impact because of how they're structured. Administration officials said they think the tariffs won't escalate tensions with China, yet they expect that China will explore ways to respond to the new taxes on their products. It's uncertain what the long-term impact on prices could be if the tariffs contribute to a wider trade dispute. The tariffs are to be phased in over the next three years, with those that take effect in 2024 covering EVs, solar cells, syringes, needles, steel an

Why well-built Chinese EV Seagull poses big threat to the US auto industry

A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around USD 12,000 in China, but drives well and is put together with craftsmanship that rivals US electric vehicles that cost three times as much. A shorter-range version costs under USD 10,000. Tariffs on imported Chinese vehicles will keep the Seagull out of America for now, and it likely would sell for more than 12 grand if imported. But the rapid emergence of low-priced EVs from China could shake up the global auto industry in ways not seen since Japanese makers arrived during the oil crises of the 1970s. BYD, which stands for Build Your Dreams, could be a nightmare for the US auto industry. Any car company that's not paying attention to them as a competitor is going to be lost when they hit their market, said Sam Fiorani, a vice president at AutoForecast Solutions near Philadelphia. BYD's entry into the US market

High-level China, US envoys will hold first top-level dialogue on AI

High-level envoys from the United States and China are set to meet in Geneva on Tuesday for talks about artificial intelligence, including the risks of the fast-evolving technology and ways to set shared standards to manage it. The meeting, billed as an opening exchange of views, is the first under an inter-governmental dialogue on AI agreed during a multi-faceted meeting between US President Joe Biden and Chinese President Xi Jinping in San Francisco in November. Both the US and China see AI as crucial for national security and economic growth, with Biden administration officials saying they plan to focus on the development of safe, secure and trustworthy AI. The officials insisted on anonymity to preview the meeting on a phone call with reporters. They also said the US would outline how it was addressing possible risks from the technology by creating voluntary commitments with the sector's leading companies and requiring safety tests of AI products. The US government also sees ..

How China became India's top trade partner

A latest report revealed China has overtaken the US to become India’s largest trading partner after a gap of two years. Watch the video to find out how.

Taiwan detects 7 Chinese naval ships, 2 military aircraft around island

In response, Taiwan sent aircraft and naval ships and deployed coastal defence missile systems to monitor PLA activity

Pakistan's Dy PM Ishaq Dar in Beijing; set to meet top Chinese leaders

Pakistan's newly-appointed Deputy Prime Minister Ishaq Dar on Monday reached here for a four-day official visit during which he will meet top Chinese leaders and co-chair a bilateral strategic dialogue between the two all-weather friends. Dar, who is also the foreign minister, was received by Director General Ambassador Wang Fu Kang and Pakistan's Ambassador to China Khalil Hashmi, state-run Associated Press of Pakistan reported. Dar will meet top Chinese leaders and comprehensively review bilateral relations, including the upgradation of the multi-billion dollar China-Pakistan Economic Corridor (CPEC) project, Pakistan's Ministry of Foreign Affairs said in a statement before his visit. He will co-chair the 5th Pakistan-China Foreign Ministers' Strategic Dialogue with his Chinese counterpart, Wang Yi, it said. "The two sides will comprehensively review Pakistan-China bilateral relations including economic and trade cooperation; high-level exchanges and visits; upgradation of ...

Research reports on China's bad lending data disappear on social media

At least seven research reports from mainland brokerages and securities firms that had been posted to WeChat by analysts were unavailable for viewing

Technology pioneer Kai-Fu Lee aims to bring China its ChatGPT moment

Lee's firm, 01.AI, is launching a free productivity assistant called Wanzhi, the latest in a series of AI products it's developing

China credit shrinks for first time, decreases by almost $28 billion

Credit contracts as government bonds record net repayment

China beats US to emerge as largest trading partner of India in FY24: GTRI

China has emerged as the largest trading partner of India with USD 118.4 billion two-way commerce in 2023-24, slightly edging past the US, according to the data of economic think tank GTRI. The bilateral trade between India and the US stood at USD 118.3 billion in 2023-24. Washington was the top trading partner of New Delhi during 2021-22 and 2022-23. The data showed that India's exports to China rose by 8.7 per cent to USD 16.67 billion in the last fiscal. The main sectors which recorded healthy growth in exports to that country include iron ore, cotton yarn/fabrics/madeups, handloom, spices, fruits and vegetables, plastic and linoleum. Imports from the neighbouring country increased by 3.24 per cent to USD 101.7 billion. On the other hand, exports to the US dipped by 1.32 per cent to USD 77.5 billion in 2023-24 as against USD 78.54 billion in 2022-23, while imports dipped by about 20 per cent to USD 40.8 billion, the data showed. The Global Trade Research Initiative (GTRI) said

China new bank loans fall more than expected in April to 730 bn yuan

Chinese banks extended 730 billion yuan ($101 billion) in new yuan loans in April, down sharply from 3.09 trillion yuan in March and falling short of analysts' expectations, according to bank's data

Why is Chris Wood of Jefferies turning bullish on China equities?

Chris Wood has hiked exposure to the dragon nation in his Asia Pacific ex-Japan relative-return portfolio by two-and-a-half percentage points to maintain a 'Neutral' weighting

China's PBOC pledges to ensure reasonably ample liquidity, credit growth

The People's Bank of China (PBOC) said it will make its monetary policy flexible, precise and effective and promote a moderate recovery in consumer prices

Need to improve fitness, tactics to beat Chinese more often: Manika Batra

Manika Batra could not be more thrilled about bossing the World No.2 from China earlier this week but to beat the top-10 players more often, the Indian table tennis trailblazer knows she needs to do more on the tactical and fitness front. After becoming the first Indian female to reach the quarterfinals of a Grand Smash (top tier events organised by World Table Tennis), the 28-year-old doesn't want to sit on her laurels and her focus is firmly fixed on the Paris Olympics in July-August. The Delhi-born player shocked Wang Manyu, the 2021 World Champion in women's singles and member of the Olympic gold-winning Chinese team at the Tokyo Olympics, before blanking 14th-ranked Nina Mittelham from Germany to make it a special week in Saudi Arabia. The loss in the quarterfinals came against fifth-ranked Hina Hayata, an opponent Batra has beaten before, but on Thursday the Japanese was better prepared for the challenge. Speaking to PTI after a successful run in Saudi Arabia, Batra said play

Ready to work with India to find solutions to issues: China's new envoy

China is ready to work with India to "accommodate" each other's concerns and find a mutually acceptable solution to "specific issues" through dialogue at an early date, Beijing's new envoy to New Delhi Xu Feihong has said, remarks that came against the backdrop of the prolonged military standoff in eastern Ladakh. An Assistant Minister ranked official, Xu, 60, appointed by Chinese President Xi Jinping for the sensitive job, said he regards his posting in New Delhi as an honourable mission and a sacred duty to improve and advance the bilateral ties. "It is an honourable mission and a sacred duty. I will do my best to deepen understanding and friendship between the two peoples, expand exchanges and cooperation in various fields, and improve and advance the bilateral relationship," Xu told PTI and China's state-run CGTN-TV in a media interaction here before leaving for New Delhi to take up his posting. "China is ready to work with India to accommodate each other's concerns, find a ...

Biden set to impose tariffs on China's electric vehicles, strategic sectors

Specific sectors were also set to include semiconductors and solar equipment, according to one of the people