Page 17 - China

China ends developing-nation status to strengthen WTO amid Trump tariffs

China has said it would no longer seek the special treatment given to developing countries in World Trade Organisation agreements a change long demanded by the United States. Commerce Ministry officials on Wednesday said the move was an attempt to boost the global trading system at a time when it is under threat from tariff wars and protectionist moves by individual countries to restrict imports. They did not mention the United States by name or President Donald Trump's imposition of tariffs on many other countries this year, including China. The US has long argued China should give up the developing-country status because it is the world's second-largest economy. The advantages of that designation at the WTO include lower requirements to open their markets to imports and longer transition periods to implement such market-opening steps. The WTO provides a forum for global trade talks and enforces agreements but has become less effective, prompting calls for reform. The head of th

Canada looks to ease tensions with India, China as minister plans visit

Canada must "ensure we have a bilateral relationship with significant economic powers in the Indo-Pacific," Anand said in an interview on the sidelines of the UNGA meetings

China’s K-Visa explained: Big counter to US H-1B fee hike: What is it? | China visa | US visa

As the US tightens its H-1B visa program with a steep $100,000 fee, China is rolling out a new "K-Visa" aimed at attracting young global science and technology professionals.

Super Typhoon Ragasa kills 14 in Taiwan, China evacuates over 1 million

Super typhoon Ragasa left 14 people dead and 18 injured in Taiwan, while China's southern Guangdong province, a key global manufacturing hub, evacuated over a million residents in preparation for the powerful storm's landfall expected later on Wednesday. Described as the most powerful storm to hit the Chinese coast this year, Ragasa, the 18th typhoon of the season, is forecast to make landfall along the coastline of Guangdong province, official media here reported. It could become the most powerful storm to strike China so far this year, the state-run CGTN TV said. In Taiwan, typhoon Ragasa left 14 dead and 18 injured, local authorities said. According to the island's emergency operation centre, about 100 people remain trapped in various parts of the region and are awaiting rescue. As Ragasa moved closer to making landfall, its impact was already being felt in the Pearl River Delta region, according to the National Meteorological Centre. Wind speeds of 212 km per hour were record

Shining bright: China-fuelled demand drives gold prices to fresh high

Gold hits fresh global and domestic records on Asia-led demand, weak rupee, and China's bullion push; markets eye Fed rate cuts as prices rally over 15% this month

India, China should oppose any form of tariff, trade wars: Chinese envoy

China and India should firmly oppose hegemony, power politics and any form of tariff and trade wars, Chinese ambassador Xu Feihong said on Tuesday amid New Delhi's frosty ties with the Trump administration after it doubled the levies on Indian goods to 50 per cent. In an address at an event, the envoy proposed a four-point approach to advance relations between India and China that included finding the "right way" to get along with each other in the spirit of mutual respect and trust. Xu said the two countries should not allow the boundary question to define the current China-India relations and that bilateral trade should be expanded as it has "great potential". The envoy's remarks came more than three weeks after Prime Minister Narendra Modi and Chinese President Xi Jinping held talks on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in China's Tianjin city. In the last few months, both sides have initiated a series of measures to reset their ties that came un

China to launch K-Visa for global talent as US slaps $100,000 H-1B fee

China is set to roll out a new K-Visa for young science and technology professionals from October 1, even as the US imposes a $100,000 fee on H-1B visas

Schools shut, flights cancelled as China braces for super typhoon Ragasa

Southern Chinese cities scaled back many aspects of daily life on Tuesday with school and business closures and flight cancellations as the region braced for one of the strongest typhoons in years that has already killed three people and led to the displacement of thousands of others in the Philippines. Hong Kong's observatory said Super Typhoon Ragasa, which was packing maximum sustained winds near the centre of about 230 kph, is expected to move west-northwest at about 22 kph across the northern part of the South China Sea and edge closer to the coast of Guangdong province, the southern Chinese economic powerhouse. China's National Meteorological Centre forecast the typhoon would make landfall in the coastal area between Shenzhen city and Xuwen county in Guangdong province on Wednesday. Already hoisting a strong wind signal, the observatory in Hong Kong will issue storm warning signal No. 8, the third-highest in the city's weather alert system, on Tuesday afternoon and will assess

Taiwan detects 15 Chinese aircraft, 1 naval vessel near its territory

eijing has maintained its goal of reunification, using military, diplomatic, and economic means to apply pressure on Taiwan and diminish its international space

China floods global markets with cheap exports after Trump's tariffs

Countries locked in tariff talks with Trump are hesitant to spark another trade war with China, giving Beijing relief from US levies once expected to slash its annual growth rate

Porsche caught between a slowing China, EV road bumps, and Trump

Porsche now expects its 2025 profit margin to be no more than 2%, down from a previously guided range of 5% to 7%

How China's 500kW antenna is giving it a clear lead in the mineral race

China is using its massive 500kW electromagnetic antenna, originally for submarines, to detect hidden lithium, cobalt, gold, and rare earths, boosting its lead in global mineral exploration

Warren Buffett's Berkshire Hathaway fully exits BYD after 17-yr investment

Warren Buffett's Berkshire Hathaway has sold its entire stake in Chinese EV maker BYD, ending a 17-year investment that grew more than 20 times in value

Taiwan detects 3 Chinese aircraft, 4 naval vessels near territory

The frequent incursions and maritime operations reflect rising tensions between Taiwan and China

Africa stands out as a hotspot of China's rising global influence

China's growing influence in Africa is boosting its popularity, securing access to critical minerals, and investing in EV battery production, outpacing Western rivals in the resource race

China's consumer price wars hit Botox and skincare, driving costs down

China's $38 bn medical aesthetics sector may face a price war, following trends in other industries that gave shoppers 50-cent meals and $4,200 electric vehicles, pushing costs sharply down

US lawmakers meet China's Li Qiang, call for more military dialogue

A bipartisan group of US lawmakers pushed for more military-to-military dialogue in a meeting Sunday with China's Premier Li Qiang, a rare congressional visit since the US-China relations soured. The last trip by a group of senators was in 2023, and Sunday's delegation was the first from the House of Representatives to visit Beijing since 2019. Li welcomed the delegates led by Rep. Adam Smith and called it an icebreaking trip that will further the ties between the two countries. It is important for our two countries to have more exchanges and cooperation, this is not only good for our two countries but also of great significance to the world, Li said. Smith, a Democrat on the House Armed Services Committee, said both sides were in agreement on the overarching aim of the visit. "Certainly, trade and economy is on the top of the list ... (but also) we're very focused on our military-to-military conversations, he said in opening remarks. As a member of the Armed Services Committee, I

Chinese savers have $23 trillion with few attractive options beyond stocks

So far, retail investors haven't driven the rally - local institutions and foreign inflows have, according to Goldman Sachs Group Inc

UN Security Council votes down effort to halt Iran snapback sanctions

A UN Security Council resolution aimed at halting the reimposition of sanctions on Iran over its nuclear programme failed Friday after weeks of last-ditch diplomatic talks appeared to break down days before the annual United Nations gathering of world leaders. The resolution put forth by South Korea, the current president of the 15-member council, did not garner the support of the nine countries required to halt the series of sanctions from taking effect at the end of the month, as outlined in Iran's 2015 nuclear deal with world powers. Only four countries China, Russia, Pakistan and Algeria supported the effort, with some using the meeting to blast the European leaders for what they called an unjustified and illegal action against Iran. Their only goal now is to use the council as a tool for their bad faith play, as a lever to exert pressure on the state in favour of a state which is trying to defend its sovereign interests, Vassily Alekseevich Nebenzia, the Russian ambassador to

Hindustan Copper, Oil India sign pact for critical mineral exploration

Hindustan Copper Ltd (HCL) on Friday entered into an initial pact with Oil India Ltd for cooperation on exploration and development of critical and strategic minerals, including copper. The development comes at a time when the country is prioritising domestic production to reduce import dependency on China. State-owned Oil India Ltd (OIL) has a proven expertise in exploration, development, production and transportation of crude oil and natural gas. "In a significant step towards strengthening India's self-reliance in critical and strategic mineral sourcing, Oil India Ltd and Hindustan Copper Ltd signed a Memorandum of Understanding (MoU) on September 19, 2025," HCL said in a statement. HCL, a PSU under the mines ministry, is engaged in mining, production, processing and marketing of copper and related products. It is focusing on mining and beneficiation of copper ore and selling of copper concentrate. Hindustan Copper had earlier told PTI that it plans to bid for critical mineral