Page 169 - China

Beijing lodges protest to Myanmar as its artillery fire injures five

China has lodged protests to Myanmar after five people were injured by artillery shells fired during battles between its ruling junta and rebel groups that landed in its small town near their border

Maldivian President Mohamed Muizzu to visit China from January 8-12

New Maldivian President Mohamed Muizzu will pay a state visit to China from January 8 to 12, the Chinese Foreign Ministry announced here on Friday. Muizzu, a close associate of former Maldives President Abdulla Yameen who forged close ties with China during his Presidency from 2013 to 2018, took oath as the eighth President of the Maldives after defeating India-friendly incumbent Ibrahim Mohamed Solih in the presidential runoff held in September. Muizzu is visiting China at the invitation of Chinese President Xi Jinping, Chinese Foreign Ministry spokesperson Hua Chunying said in a press release. Muizzu's predecessors in the recent past visited India first, considering the wide-ranging bilateral ties and the Maldives' proximity to India, followed by China which has expanded its influence in the island nation by investing in major infrastructure projects there. However, Muizzu chose Turkey as his first visit soon after his election followed by the UAE where he met Prime Minister ...

Army, Ministry of Defence reviewing former chief Naravane's memoir: Report

The book's publisher, Penguin Random House, has been asked not to share the excerpts or soft copies of the book until the review is over

India's rapid progress under Modi improved global ties: Global Times

China's Global Times says India has rapidly shifted toward a 'great power' strategy

India well positioned politically to navigate challenges in 2024: EAM

The year 2024 will continue to be turbulent or the world but India is well-positioned politically and economically to navigate the challenges, maintain its rising global role and its path of development, External Affairs Minister S Jaishankar said on Wednesday. The union minister was speaking at the launch of his new book 'Why Bharat Matters' in which he examines the geopolitics and various aspects of India's foreign policy since Independence using the epic Ramayana as the overarching perspective. "I do think that 2024 will continue to be turbulent, (and) that many of the same factors which drove 2023 would remain very much in play," he said addressing a group of foreign diplomats, strategic affairs experts, academicians and intellectuals. The external affairs minister said India is well-placed to look at 2024 with a fair deal of confidence. "Today where we are positioned, where we are positioned politically, where we are positioned economically, when you look at a lot of these ...

China expands visa-free initiatives to lure tourists amid economic woes

The Chinese Foreign Ministry expressed optimism about the mutual visa exemptions, stating that it "serves the fundamental interests of both peoples," as per reports

China's top banks tighten exposure to smaller peers to curb credit risk

The two state-owned banks have decided to reduce interbank lending limits and set shorter maturity periods for smaller peers deemed high risk, said two of the sources

China fires top official to stem games fallout, contain damage: Report

Tencent and smaller rival NetEase Inc. gained about 1% in Hong Kong Wednesday, adding to a recovery since officials began signaling a willingness to consider industry views

Taiwan reports China sent 4 suspected spy balloons over the island

Taiwan's Defence Ministry said that China sent four balloons over the island, three of which passed near to a key air force base. The reported incursions on Tuesday come as China has been upping its threat to use force to annex the self-governing republic. Taiwan is holding elections for its president and legislature on January 13, and China has used its military, diplomatic and economic power to influence voters to back candidates favouring unification between the sides. Despite that, the pro-independence Democratic Progressive Party is leading in most polls, reaffirming the electorate's backing for the status of de-facto independence from mainland China. China regularly sends navy ships and warplanes to waters and airspace close to Taiwan, and its use of balloons to collect intelligence could be a new stage in its campaign of intimidation against the island. The Defence Ministry said three of the balloons passed from east to west, close to the Ching-Chuan-Kang air base, home to

Chinese official urges Taiwan's people to make 'correct choice' on election

China, which claims Taiwan as its own territory, has repeatedly cast the Jan. 13 presidential and parliamentary elections as a choice between war and peace

China 2024 crude oil import quota up 60%; factory activity expands

The latest move marks a shift by Beijing, which has been releasing quotas in batches every few months since it opened up crude imports to independent refiners in late 2015

Brics became positive, stable force for good: China on bloc's expansion

China on Tuesday said that the BRICS has become a "positive and stable force for good" in international affairs and its expansion with five more countries showed its bright prospects and expressed its full confidence in the group's future. In August, the top BRICS leaders at the grouping's summit in Johannesburg approved a proposal to admit six countries, including Argentina, into the bloc with effect from January 1. However, Argentina's new President Javier Milei last week announced withdrawing his country from becoming a member of the BRICS (Brazil-Russia-India-China-South Africa). Playing down President Milei's move to withdraw his country from becoming a member of the BRICS, Chinese Foreign Ministry spokesman Wang Wenbin told a media briefing here that the addition of new members serves common aspiration of emerging markets and developing countries. "Let me make it very clear that we are fully confident in the BRICS' future," Wang said when asked to comment on Milei's ...

China's factory activity picks up in contrast with govt data, shows survey

The Caixin manufacturing purchasing managers index rose to 50.8 last month from 50.7 in November, the strongest reading since August and above the estimate in a Bloomberg survey of economists.

Baidu terminates $3.6 bn purchase of JOYY's China live-streaming unit

The failure of the deal casts a shadow on search engine giant Baidu's ambition to diversify its revenue. The company proposed to acquire JOYY's entertainment live streaming business in China in 2020

Committed to 'managing' China-US ties 'responsibly': Biden to Xi Jinping

US President Joe Biden on Monday assured his Chinese counterpart Xi Jinping that he is committed to "managing" the bilateral ties "responsibly" as the two leaders exchanged congratulatory messages to mark the 45th anniversary of the diplomatic relations between the two countries. The two presidents met on the sidelines of the APEC summit in San Francisco in November and agreed to cool down the raging tensions between the top two economies of the world. In his message to Xi, Biden said that since the establishment of diplomatic relations in 1979, the ties between the US and China have facilitated prosperity and opportunities for both the countries and the world. Biden said he is committed to "managing this important relationship responsibly", adding that he looks forward to continuing advancing the US-China relationship based on the progress made by the predecessors of the two leaders and through multiple meetings and discussions between the two heads of state, China's state-run Xinh

S Korea exports accelerate as shipments to US overtake China for first time

China remains South Korea's biggest trading partner by a large margin given the scale of Seoul's imports from the world's second-largest economy

Business Standard wishes a safe and joyful New Year 2024 to all

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China home sales fall again as policy shifts fail to stem decline

China's prolonged housing downturn has weakened the economy and hurt developers that are struggling to repay debts and complete projects

Xi declares Taiwan 'reunification' inevitable in China's future plans

China considers Taiwan to be its "sacred territory" and has never renounced the use of force to bring it under Chinese control

India to be fastest-growing economy in 2024 after withstanding headwinds

India decisively withstood global headwinds in 2023 and is likely to remain as the world's fastest-growing major economy on the back of growing demand, moderate inflation, stable interest rate regime and robust foreign exchange reserves. Despite widespread pessimism witnessed among the developed nations and the worsening geopolitical situation, India recorded a gross domestic product (GDP) expansion of 6.1 per cent in the March quarter. The growth moved up to 7.8 per cent in the June quarter and was 7.6 per cent in the September quarter. For the first six months of this fiscal, the growth was 7.7 per cent. The growth momentum is expected to sustain in the December quarter, making India the fastest-growing major economy in the world much ahead of China. According to the latest growth projections of the Organization for Economic Cooperation and Development (OECD), which appear conservative, India will record a growth of 6.3 per cent in 2023, ahead of China and Brazil at 5.2 per cent