Page 168 - China

In China+1 plan, Chennai right fit for non-leather footwear majors

Several suppliers of non-leather footwear players like Nike, Adidas, Puma, and Reebok have either set up their units in Tamil Nadu or are close to sealing a deal

China says its moon mission is on track as Nasa suffers setbacks: Report

China has set a 2030 target for sending the first Chinese astronauts to the moon

Maldives, China sign 20 agreements amid diplomatic row with India

Chinese President Xi Jinping on Wednesday held talks with his Maldivian counterpart Mohamed Muizzu following which the two countries signed 20 key agreements, including one on tourism cooperation, and elevated their bilateral ties to a comprehensive strategic cooperative partnership. The two heads of state announced the elevation of bilateral ties to a Comprehensive Strategic Cooperative Partnership, state-run Xinhua news agency reported. "20 key agreements were signed today between the Government of the Maldives and the Government of China this afternoon and both the Presidents witnessed the signing ceremony," Maldivian President's office said in a post on X. The agreements signed included one tourism cooperation, disaster risk reduction, blue economy, strengthening investment in the digital economy and the Belt and Road Initiative. China will also provide grant assistance to the Maldives, but the amount was not disclosed. Muizzu and his wife Sajida Mohammad were given a ceremonia

A complex region encounters bigotry and prejudice

Robert Kaplan's latest book aims to offer a fresh survey of the 'Greater Middle East', but in doing so, it grossly simplifies complex political issues, reflecting American interests and prejudices

Who are the Global South?

A glimpse into basic data of the 50 most populous countries reveals distinct characteristics that define this grouping

China says it will launch its next lunar explorer in the first half of 2024

China's space agency said on Wednesday that its latest lunar explorer had arrived at the launch site in preparation for a mission to the moon in the first half of this year. State broadcaster CCTV posted photos on its website of the unit under wraps as it was unloaded from a large cargo airplane earlier this week and then transported by flatbed truck to the Wenchang launch site on southern China's Hainan island. The announcement came a day after a US company abandoned a lunar landing planned for February 23 because of a fuel leak that started soon after takeoff on Monday. China and the US are both pursuing plans to land astronauts on the moon in what has become a growing rivalry in space. The US plans to do so in 2026, and China's target date is before 2030. The China National Space Administration said that pre-launch tests would be carried out on its Chang'e-6 probe. The mission's goals include bringing back samples from the far side of the moon. Another US moon lander from a Hou

Maldives president urges China to send more tourists amid row with India

Maldivian President Mohamed Muizzu on Tuesday appealed to China to "intensify" efforts to send more tourists to his country, amid a spate of cancellation of reservations by Indian tourists after a diplomatic row erupted over the derogatory remarks by his ministers against Prime Minister Narendra Modi. On the second day of his five-day state visit to China, Muizzu in his address to the Maldives Business Forum in Fujian Province on Tuesday termed China as the island nation's "closest" ally. "China remains one of our closest allies and development partners," he said. He praised the Belt and Road Initiative (BRI) projects launched by Chinese President Xi Jinping in 2014, saying that they "delivered the most significant infrastructure projects witnessed in Maldivian history", according to his speech. He urged China to bolster the flow of its tourists to the Maldives. "China was our (Maldives') number one market pre-Covid, and it is my request that we intensify efforts for China to rega

Bhutan's People's Democratic Party wins election, returns to power

The People's Democratic Party won the most seats in Bhutan's parliamentary elections on Tuesday and will form the new government as residents hope politicians make good on promises to fix the economic crisis in the Himalayan nation. Latest figures from the Bhutan Broadcasting Service, a national broadcaster, showed the PDP had won 30 of the 47 National Assembly seats to return to power, and the Bhutan Tendrel Party had secured 17. It was the country's fourth general elections since its transformation from a traditional monarchy to a parliamentary form of government in 2008. The Election Commission of Bhutan will make its final declaration on Wednesday. Candidates on Tuesday's ballot represented only the PDP of former Prime Minister Tshering Tobgay and the BTP led by former civil servant Pema Chewang. A primary round of voting in November eliminated three other parties, including the ruling center-left Druk Nyamrup Tshogpa party. Bhutan is located between China and India, with both

Taiwan presidential candidate Lai says willing to reopen talks with China

Taiwan's leading presidential candidate William Lai said on Tuesday he hopes for a reopening of dialogue with China following almost eight years of Beijing's near-complete refusal to communicate with leaders of the self-governing island it considers its own territory. But Lai told reporters he would continue the current administration's policy of maintaining democratic Taiwan's de-facto independence in the face of Chinese Communist Party threats to annex it by political, military or economic means. China demands that Taiwan's leadership concede its claim of ownership over the island before reopening contacts. While aspiring for peace, we harbor no illusions, Lai said at a news conference ahead of Saturday's polls for the presidency and legislature. We will build up Taiwan's defense deterrence, strengthen Taiwan's capabilities in economic security, enhance partnerships with democracies around the world and maintain stable and principled leadership on cross (Taiwan) Strait ...

China wants its massive EV fleet to plug in and charge the power grid

China plans to lean further into vehicle-to-grid tech.

China's invasion of Taiwan to cost around $10 trn, nearly 10% of global GDP

China's rising economic and military heft, Taiwan's burgeoning sense of national identity, and fractious relations between Beijing and Washington mean the conditions for a crisis are in place

China blue-chip index stocks hit 5-year lows on Taiwan, US tensions

The CSI300 Index ended down 1.3%, its lowest closing level since February 2019. The Shanghai Composite Index declined 1.4% to end at its lowest since April, 2022

Russia, India eying trade imbalance issue, diversification: Alipov

Russia is hopeful that India and China will be able to find ways to resolve differences on the border issue and normalise ties based on mutual respect of sensitive interests, Russian envoy Denis Alipov said on Monday. The ambassador, speaking at an event, touched upon various aspects of India-Russia engagement and noted that both sides are focusing on creating favourable conditions for mutual trade settlements, payment systems and insurance with a larger aim of boosting trade. "We are hopeful that India and China, as major civilisations possessing unique political wisdom, will find ways to achieve progress in the border issue and a normalisation of bilateral ties based on mutual respect of sensitive interests," Alipov said. The Indian and Chinese troops are locked in an over three-and-half-years confrontation in certain friction points in eastern Ladakh even as the two sides completed disengagement from several areas following extensive diplomatic and military talks. In his remarks

Nvidia expands reach in China's EV sector despite tighter US export rules

Chinese automakers Li Auto, Great Wall Motor , Zeekr and the new EV unit of Chinese telecommunications company Xiaomi will use Nvidia's DRIVE technology to power automated driving

China says it detained individual accused of collecting secrets for Britain

China says it has detained an individual accused of collecting state secrets on behalf of Britain's foreign intelligence agency MI6. The Ministry of State Security posted on social media on Monday that Britain had been cooperating since 2015 with the person, who it said was a citizen of a third nation and had the surname Huang. The ministry said Huang had received training in intelligence gathering, provided with equipment and had collected numerous state secrets on repeated visits to China. No further information on the intelligence gathered was given, nor did the ministry say when he or she had been detained or where they were being held. The definition of state secrets is not clearly defined under China's opaque political and legal system, and many consulting and advisory firms have been investigated for obtaining data that would ordinarily be in the public record, particularly if they were shared with foreign entities. The British government has yet to comment on the allegation

iPhone sales slump in China, volumes to decline further, says Jefferies

The iPhone maker's latest generation got off to an atypically sluggish start in China last year, which most recently expanded to a 30 per cent year-on-year decline

Leaf out of China's playbook: India may create green channel for e-commerce

Under the plan, e-commerce export zones may be developed near airports where export clearances are quicker

China sanctions 5 US defence cos in response to arms sales to Taiwan

China announced sanctions Sunday on five American defence-related companies in response to U.S. arms sales to Taiwan and U.S sanctions on Chinese companies and individuals. The sanctions will freeze any property the companies have in China and prohibit organisations and individuals in China from doing business with them, the Foreign Ministry said in a statement posted online. The companies are BAE Systems Land and Armament, Alliant Techsystems Operation, AeroVironment, ViaSat and Data Link Solutions. The Foreign Ministry said the U.S. moves harmed China's sovereignty and security interests, undermined peace and stability across the Taiwan Strait, and violated the rights and interests of Chinese companies and individuals. The Chinese government remains unwavering in our resolve to safeguard national sovereignty, security and territorial integrity and protect the lawful rights and interests of Chinese companies and citizens, the ministry statement said. China regards Taiwan, a ...

Huawei teardown shows 5nm chip made in Taiwan, not China: Report

The Qingyun L540 notebook contains a 5-nanometer chip made by Taiwan Semiconductor Manufacturing Co in 2020

Tesla recalls over 1.6 mn imported vehicles for steering, door issues

Tesla is recalling more than 1.6 million Model S, X, 3 and Y electric vehicles imported to China for problems with their automatic assisted steering functions and door latch controls. China's State Administration for Market Regulation announced the recall on Friday. It said Tesla Motors in Beijing and Shanghai would use remote upgrade technology to fix the problems, so in most cases car owners would not need to visit Tesla service centres to get the upgrades. The recall due to problems with the automatic steering assist function applies to 1.6 million imported Tesla Model S, Model X, Model 3 and Model Ys. When the automatic steering function is engaged, drivers might misuse the combined driving function, increasing a risk of accidents, the notice said. The recall to fix the door unlock logic control for imported Model S and Model X EVs affects 7,538 vehicles made between October 26, 2022 and November 16, 2023. It is needed to prevent door latches from coming open during a ...