Page 154 - China

China's WuXi AppTec sent US client's data with Beijing: US intelligence

Hong Kong listed Wuxi shares pared earlier gains of nearly 5 % to trade 1% higher, while Shanghai-listed shares were up 0.4%

India, China discuss full disengagement, resolving issues along LAC

The 29th meeting of the Working Mechanism for Consultation and Coordination on India-China Border Affairs has been held and the two sides had an in-depth exchange of views on how to achieve "complete disengagement" and resolve the remaining issues along the LAC, the MEA said on Thursday. The key meeting was held in Beijing on March 27, it said in a statement. "The two sides had an in-depth exchange of views on how to achieve complete disengagement and resolve the remaining issues along the Line of Actual Control (LAC) in the Western Sector of India-China border areas," the Ministry of External Affairs (MEA) said. Joint Secretary (East Asia) from the MEA led the Indian delegation. The Chinese delegation was led by Director General of the Boundary and Oceanic Department of the Chinese Ministry of Foreign Affairs, the statement said. "In the interim, both sides agreed to maintain regular contact through diplomatic and military channels and on the need to uphold peace and tranquility o

Here's why China's EV market and BYD show the future is already here

Battery metals such as lithium, nickel and cobalt are down by, respectively, 80%, 30%, and 25% over the past year

Smartphone giant Xiaomi begins assault on Tesla, $200 bn EV market in China

Billionaire co-founder Lei Jun has called the challenge his final major endeavour, testing Xiaomi's ability to crack a crowded market for a second time with its technological capabilities

China's President Xi Jinping meets US executives, academics in Beijing

The audience with Xi follows Chinese Premier Li Qiang not meeting visiting foreign CEOs at the China Development Forum in Beijing on March 24-25

My first duty to Indians is to secure the border, says EAM Jaishankar

Normalcy in bilateral ties with China will only be achieved based on the traditional deployment of troops and that will be the prerequisite for the relationship going forward with Beijing, External Affairs Minister S Jaishankar said on Wednesday. "My first duty to Indians is to secure the border. I can never compromise on that," Jaishankar said while responding to a question on the current state of India's relations with China during his interaction with the Indian diaspora here in the Malaysian capital. He said every country wants "good relations with its neighbours. Who doesn't? But every relationship has to be founded on some basis." "We're still negotiating with the Chinese. I talk to my counterpart. We meet from time to time. Our military commanders negotiate with each other. But we are very clear that we had an agreement. There is a Line of Actual Control. We have a tradition of not bringing troops to that line. Both of us have bases some distance away, which is our traditiona

Family behind Country Garden to reap $50 mn in dividends despite crisis

Country Garden, once China's biggest developer, is among the builders that have been engulfed in the nation's property crisis, denting Yang's empire

China to promote currency swaps, reinforce cooperation with Asian economies

Bilateral currency swaps can facilitate trade and investment and are a useful addition to the global financial safety net, Governor Pan Gongsheng told the annual gathering of the Boao Forum for Asia

China set to challenge US electric vehicle plans at WTO, says report

China said it was contesting 'discriminatory subsidies' under the US Inflation Reduction Act that it said resulted in the exclusion of goods from China and other WTO countries

India supports Philippines in upholding its national sovereignty: EAM

India firmly supports the Philippines in upholding its national sovereignty and wants to explore new areas of cooperation, including in defence and security, External Affairs Minister S Jaishankar said on Tuesday, amid the Southeast Asian nation's maritime dispute with China in the South China Sea. Jaishankar's remarks came as he held a very good discussion with his counterpart Enrique Manalo in Manila. "Warm and productive meeting with @SecManalo of Philippines. Wide-ranging discussion on advancing ties in political, defence, security & maritime cooperation, trade & investment, infrastructure, development cooperation, education, digital, technology, culture and consular domains," Jaishankar posted on X. They also exchanged views on global, regional and multilateral issues including the Indo-Pacific, Association of Southeast Asian Nations (ASEAN), West Asia, Ukraine, Non-Aligned Movement and the UN. "As two democracies committed to a rules-based order, look forward to ...

US CEOs extend China stay after last-minute invite to meet Prez Xi Jinping

Late on Friday, China relaxed its rules governing cross-border data flows. The move was seen as a response to complaints by foreign businesses that the restrictions were disruptive

US, UK accuse China over spy campaign that may have hit millions

Britain's government is expected to blame a string of cyberattacks targeting the U.K.'s election watchdog and lawmakers on hackers linked to the Chinese government, Officials are expected to announce Monday measures against cyber organizations and individuals affiliated with the Chinese government for an attack that may have gained access to information on tens of millions of U.K. voters held by the Electoral Commission, as well as cyberattacks targeting lawmakers who have been outspoken about the China threat. The Electoral Commission said in August that it identified a cyberattack on its system in October 2022, though it added that hostile actors had first been able to access its servers since 2021. At the time, the watchdog said the data included the names and addresses of registered voters. But it added that much of the information was already in the public domain, and that possessing such information was unlikely to influence election results. Separately, three lawmakers, ...

Shares in Australia, HK edges higher, while Japan, China stocks decline

Treasuries were mostly steady following a rally on Friday that wiped seven basis points from the 10-year yield. Australian and New Zealand bond yields ticked lower Monday

BYD takes on EV laggards Toyota, VW with aggressive China price cuts

The automaker is currently discounting almost every electric and hybrid car model it sells, as part of a marketing campaign declaring "electricity is cheaper than oil"

Coal, the dirtiest fossil fuel, is finally preparing for long goodbye

Coal's days are numbered, of course. Advances in solar and wind have made those technologies far cheaper than coal power in most parts of the world, and similar gains for batteries

China blocks use of Intel, AMD chips in govt PCs, to use local processors

The procurement guidance also seeks to sideline Microsoft's Windows operating system and foreign-made database software in favour of domestic options, the report said

China must reinvent itself to turn economy around, says IMF's Georgieva

Officials who spoke at the opening of the China Development Forum expressed confidence China would hit its economic targets, including growth of about 5% this year

EAM Jaishankar dismisses China's claims on Arunachal Pradesh as 'ludicrous'

External Affairs Minister S Jaishankar on Saturday dismissed China's repeated claims on Arunachal Pradesh as "ludicrous" and asserted that the frontier state was a "natural part of India". In probably his first public comments on China's frequent claims on Arunachal Pradesh and its opposition to Indian leaders visiting the state, Jaishankar said it was not a new issue. "This is not a new issue. I mean China has laid claim, it has expanded its claim. The claims are ludicrous to begin with and remain ludicrous today," he said in response to a question on the Arunachal issue after delivering a lecture at the prestigious NUS Institute of South Asian Studies here. He emphasised that Arunachal Pradesh was a "natural part of India." "So, I think we've been very clear, very consistent on this. And I think you know that is something which will be part of the boundary discussions which are taking place," he said. Jaishankar's comments came days after the Ministry of External Affairs dismiss

Chinese coast guard ships blast Philippine boat with water cannon

Two Chinese coast guard ships fired at a Philippine supply boat with water cannon on Saturday in the latest confrontation near a disputed South China Sea shoal, causing heavy damage to the wooden vessel, Philippine officials said. It was not immediately clear if the Philippine navy crew was injured, or whether their damaged boat, the Unaizah May 4, managed to maneuver past the Chinese coast guard blockade to deliver supplies to Philippine forces manning a territorial outpost in the nearby Second Thomas Shoal. It's the second time this month the Unaizah May 4 has been damaged during an attempt to resupply the outpost. The shoal has been occupied by a small contingent of Philippine navy personnel on a marooned warship since the late 1990s, but has recently been surrounded by Chinese coast guard and suspected militia vessels in an increasingly tense territorial standoff. Aside from China and the Philippines, Vietnam, Malaysia, Taiwan and Brunei also have overlapping claims in the ...

Exit the dragon: MSCI EM ex-China assets top $11 bn as pessimism grows

India stands to benefit most from increasing flows into index excluding China