Page 149 - China

Taiwan detects 11 Chinese military aircraft and 8 ships in its waters

11 of the aircraft crossed the median line of the Taiwan Strait and entered Taiwan's southwest sector of the nation's air defence identification zone

China's March coal output drops 4.2% amid oversupply, weak demand

Averaged out against expected production increases by some other provinces, China's total output will be about 1 per cent higher in 2024, an industry group has forecast

China's crude throughput up 1.3% in March, oil production at highest

China's crude imports slipped 6.23 per cent in March on the year to stand at 11.55 million bpd

Believe Iran will handle situation well, spare Mideast with turmoil: China

After briefing Wang on Iran's position, Amir-Abdollahian told Wang that Iran is aware of the regional tensions, is willing to exercise restraint and has no intention of further escalations

China's private builders face $553 billion deficit to complete homes

Credit support from banks "appears well below the amount needed for securing home completions," analysts led by Lisheng Wang wrote in a report released Sunday

US, China diplomats discuss West Asia, Taiwan, South China Sea, North Korea

The officials, including U.S. National Security Council senior director for China and Taiwan Sarah Beran and U.S. Ambassador to China Nicholas Burns, discussed bilateral

China industrial overcapacity has peaked as global demand picks up: EIU

Overcapacity pressure is milder in electrical machinery including batteries and solar panels, the automotive sector and pharmaceuticals, the EIU said

CATL Q1 results: Profit increases 7% to $1.45 bn, Moody's upgrades rating

CATL produced a profit of 10.5 billion yuan ($1.45 billion) for January-March, off the back of a 10.4% drop in revenue to 79.8 billion yuan

Steelmakers fall short of investment target due to delays linked to China

Steel companies have been facing difficulties in importing machinery from China and ensuring visa clearances for Chinese experts for more than six months

Russia, China trade new copper disguised as scrap to skirt taxes, sanctions

Customs data on Chinese imports of copper wire rod is not publicly available

China expected to keep key rate, liquidity steady to cement recovery

The People's Bank of China will keep the rate on its medium-term lending facility unchanged at 2.5% Monday, according to all 19 analysts surveyed by Bloomberg

China has not occupied land in Arunachal; no change in situation: VK Singh

Union Minister V K Singh on Saturday rejected claims of China occupying land in Arunachal Pradesh and asserted that neither has China occupied Indian land nor has it been allowed to do so. Speaking to reporters here, he also said that the Army was happy with the recruits who have joined the force under the Agnipath scheme. Responding to a question, Singh said, "Neither has China occupied anything nor has it been allowed to occupy anything. The situation that was there in 2012 is the same even today. There has been no change." "So if someone tells you that land has been captured, do not believe it," the BJP leader said at a press conference here. On the Agniveer scheme, he said, "The first batch of the Agniveer Yojana has now started arriving in Army units. From the reports I am getting, everyone is satisfied that the boys have been trained well." Referring to the country's economic growth rate, Singh said, "No other country in the world is growing at 6.8 (per cent). Therefore, the

EAM Jaishankar's remark on China akin to giving it clean chit: Congress

The Congress on Saturday hit out at the Narendra Modi government on the issue of Chinese transgressions and said External Affairs Minister S Jaishankar's reported remark that "China has not occupied any of our land" is akin to giving another free pass to the neighbouring country. Congress president Mallikarjun Kharge said the EAM's statement is a "copy-paste" of Modi's clean chit to China after the Galwan skirmish in 2020, when 20 Indian soldiers were killed. Kharge responded to the remark in a post on X, "Wearing '56-inch' long Chinese Blinkers, on the 'Laal Aankh,' Modi Government has given a free pass to the Chinese, twice in a week's time." He added, "First, @narendramodi ji's interview in foreign press where he failed to put forth India's case strongly at the global stage. Now, his Foreign Minister, handing over another Clean Chit to expansionist China." Kharge hit out at the Modi government alleging it was yet to come out clean on the Chinese transgressions at borders and ask

US blacklists 4 Chinese tech companies for helping China's military

The four companies were allegedly supplying artificial intelligence chips for China's military modernisation programmes

China tells telecom firms to phase out foreign chips, says report

The move would impact U.S. chip giants Intel and Advanced Micro Devices, according to the report. Their shares were down more than 1.5% in premarket trading

China's exports decline 7.5% in March, imports also fall as demand slows

China's exports contracted in March after growing in the first two months of the year, underscoring the uneven nature of the country's recovery from the pandemic. Customs data released Friday show exports declined 7.5 per cent in March from a year earlier, while imports slipped 1.9 per cent. Both figures fell short of estimates. In the January-February period, exports rose 7.1 per cent year-on-year while imports climbed 3.5 per cent. China, the world's second-largest economy, posted a trade surplus of USD 58.55 billion in March. The surplus in the first two months of the year was USD 125 billion. The decline in exports partly reflected a higher base of comparison with March 2023, when exports jumped 14.8 per cent as the economy reopened after languishing under strict COVID-19 controls. The economy has slowed partly due to a crisis in the property industry brought on by a crackdown on excessive borrowing. Weakness in exports would be a further drag on growth. We think export volum

China says 'positive progress' made to resolve border issue with India

China and India have made "positive progress" to resolve the border standoff, with both sides maintaining close communication through diplomatic and military channels, a senior foreign ministry official said here on Friday. Foreign ministry spokesperson Mao Ning's remarks were further elaboration on China's reaction to Prime Minister Narendra Modi's recent statement in which he said that for New Delhi, ties with Beijing are important and the "prolonged situation" at the borders should be addressed urgently. In an interview with Newsweek magazine, Prime Minister Modi expressed hope that through positive and constructive bilateral engagement at the diplomatic and military levels, the two countries will be able to restore and sustain peace and tranquillity at their borders. China and India are in close communication through diplomatic and military channels to address issues related to the border situation, and have achieved positive progress, Chinese foreign ministry spokesperson Mao .

Taiwan detects 14 Chinese military aircraft, 8 naval vessels around nation

So far this month, Taiwan has tracked Chinese military aircraft 85 times and naval vessels 71 times

China's strongman party

The author was one of the journalists who has been at the receiving end of Xi Jinping's tightening control over media

China sanctions 2 US companies over 'support for arms sales to Taiwan'

China on Thursday announced sanctions against two US companies over what it says is their support for arms sales to Taiwan, the self governing island democracy Beijing claims as its own territory to be recovered by force if necessary. The announcement freezes the assets of General Atomics Aeronautical Systems and General Dynamics Land Systems held within China. The measure also bars the companies' management from entering the country. It wasn't immediately clear what, if any, assets the companies have within China, which remains heavily reliant on foreign aerospace technology even as it attempts to build its own presence in the field.