Page 152 - China

China commerce minister begins Europe trip defending Chinese EV sector

Wang reiterated Beijing's stance that Chinese EV makers did not depend on subsidies to gain a competitive advantage, according to a statement published by the commerce ministry on Monday

Our EV firms do not rely on subsidies to gain competitive advantage: China

Commerce Minister Wang Wentao made the remarks at a roundtable meeting of Chinese firms in Paris, where he is set to discuss China's exports of EVs into the European market among other things

US-China relationship on more stable footing, but more can be done: Yellen

US Treasury Secretary Janet Yellen sent a message of mutual cooperation at a meeting on Sunday with Chinese Premier Li Qiang, highlighting the improvement in relations since her visit to China last year while recognising that major differences remain. After focusing on trade and economic issues for the first two days of her visit, Yellen turned to the broader US-China relationship in the meeting with Li, one of China's top leaders. While we have more to do, I believe that, over the past year, we have put our bilateral relationship on more stable footing, she said in the ornate Fujian room of the Great Hall of the People on the west side of Tiananmen Square. Yellen, who is regarded favourably in China, is the first Cabinet member to visit since Presidents Joe Biden and Xi Jinping met in California in November in a carefully orchestrated meeting to set the troubled relationship between their countries on a better course. Li, in remarks before the media before their meeting, said the

PBOC to give $69 billion in loans to boost science, technology sectors

The refinancing program is set to help small- and medium-sized technology firms in their initial startup and growth stages and provide credit support to high-end projects, it said

China foreign exchange reserves rise to $3.246 trn in March, shows data

The yuan fell 0.47% against the dollar in March, while the dollar last month rose 0.31% against a basket of other major currencies

Woman engineer among Chinese nationals killed in suicide attack in Pak

A woman was among the five Chinese engineers who were killed last month in northwest Pakistan when a suicide bomber targeted their vehicle that was neither bullet nor bomb-proof, according to a police report. A vehicle-borne suicide bomber targeted the convoy of Chinese engineers in the remote Besham area of the restive Khyber Pakhtunkhwa province when they were being driven to a construction site of the Dasu Hydroelectric power station in Kohistan district of the same province on March 26. Five Chinese nationals and their Pakistani driver were killed in the attack. A female engineer was among the five Chinese nationals killed in the attack, the Express Tribune newspaper reported on Sunday, citing the police report. The police report, which has been sent to the federal government, said that the bus targeted in the attack was travelling at a distance of 15 feet from the other bus and fell into a 300-feet-deep ditch after the suicide bomber crashed his explosives-laden vehicle into t

Taiwan says it tracked six Chinese naval vessels around country

According to Taiwan's Ministry of National Defence, Taiwanese armed forces have monitored the situation and deployed naval vessels and coastal systems in response to China's activities

China providing geospatial intelligence to Russia: US warns allies

Spokespeople for the White House National Security Council declined to comment. China's foreign ministry didn't immediately respond to a request for comment during a holiday weekend

China may misuse AI to target polls in countries like India, US: Microsoft

China is likely to deploy Artificial Intelligence-generated content via social media to sway public opinion to boost its geopolitical interests during elections in countries like India, South Korea and the US, tech giant Microsoft has warned. Voting for 543 Lok Sabha seats in India will take place between April 19 and June 4, spread across seven phases. South Koreans will go to the polls in a general election on April 10 while the US will hold the Presidential election on November 5. "With major elections taking place around the world this year, particularly in India, South Korea and the United States, we assess that China will, at a minimum, create and amplify AI-generated content to benefit its interests," Clint Watts, General Manager, Microsoft Threat Analysis Center, said in a blog post. Despite the chances of such content in affecting election results remaining low, China's increasing experimentation in augmenting memes, videos, and audio will likely continue and may prove m

Pak PM Shehbaz orders fool-proof security arrangements for Chinese workers

He directed the interior ministry to increase collaboration with the provinces to further improve the provincial anti-terrorism departments

Tesla scraps low-cost car plans amid Chinese EV competition; Musk denies

The automaker will continue developing self-driving robotaxis on the same small-vehicle platform, the sources said

In foreign direct investment, China's loss is not India's gain: OECD data

It's other countries that are mopping up what would have gone to China

Chinese Visa scam: Court grants interim bail to three accused persons

Congress MP Karti Chidambaram has not moved the bail application at the trial court

Janet Yellen meets China's foreign business leaders ahead of trade talks

The Treasury is not expecting a major shift in Chinese policy as a result of meetings, but it was important to explain the problems that overinvestment in these sectors are causing around the world

Taiwan detects 7 Chinese naval vessels, 3 military aircraft encircling it

Since September 2020, China has increased its use of grey zone tactics by incrementally increasing the number of military aircraft and naval ships operating around Taiwan

China becomes largest buyer of Russian seaborne crude as India goes slow

China imported 1.82 million barrels per day of Russian crude by sea in March, exceeding India's 1.36 million bpd

China relaxes car loan norms in new bid to boost consumer sentiment

The central bank and financial regulator said loan ratios for gasoline and electric passenger vehicles, including hybrids, can now be independently determined by lending institutions

US senator urges Prez Biden to review alleged Nippon Steel ties to China

Nippon Steel said in a statement that Horizon's report was "rife with inaccuracies and misrepresentations"

After China visit, Indonesia prez-elect vows to strengthen ties with Japan

Indonesian President-elect Prabowo Subianto said he wants to further strengthen relations with Japan as he met with Japanese Prime Minister Fumio Kishida on Wednesday on the heels of a visit to China. Subianto, who's currently defence minister, told Kishida that the two countries are longtime friends who have built a cooperative relationship, and that he hoped to further strengthen the relationship. Japan has been seeking closer ties with Southeast Asian countries, especially in maritime security and defence, in the face of China's increasingly assertive military presence. Subianto, who will succeed Joko Widodo in October, chose Beijing for his first official overseas trip after his February election victory in a bid to emphasise steady ties with China amid rising tensions in the South China Sea, where China and the Philippines have had repeated high-seas confrontations. In his meeting with Chinese President Xi Jinping, Subianto pledged a continued friendly policy toward China. Chi

Amid Tsunami threat, Japan issues evacuation advisory for coastal areas

The tsunami threat from a strong earthquake that struck Taiwan has largely passed. The Japan Meteorological Agency downgraded its forecast from 3 metres (9.8 feet) to 1 metre (3.3 feet). One island had a wave of about 30 centimetres (a foot), while smaller waves were detected in other islands. Japan's Chief Cabinet Secretary Yoshimasa Hayashi said there has been no report of injury or damage in Japan. He urged the residents in the Okinawa region to stay on safe ground until all tsunami advisories were lifted. China issued no warnings for the Chinese mainland, and there was no threat for Hawaii and Guam. More than two hours after the 7.4 magnitude quake struck Taiwan, the Pacific Tsunami Warning Centre said the threat of a tsunami has largely passed. The quake damaged buildings on Taiwan but casualty information was not yet available.