Page 172 - China

Apple in talks with Aequs, Rayprus to deepen manufacturing ops in India

Currently, Tata Electronics is the only Indian vendor for Apple, and it is also looking to double its casing facility

China appoints new navy chief amid mounting South China Sea tensions

Hu Zhongming was promoted to the rank of general at a ceremony in Beijing attended by President Xi Jinping on Monday, the official Xinhua News Agency reported

India, China follow contrasting external lending strategies: World Bank

Escalating debt vulnerabilities in many low or middle-income countries and overlapping crises are forcing an increasing number of countries to seek debt restructuring from external creditors

China gaming companies unveil share buybacks after govt curbs cause rout

It remains to be seen how shares of Tencent Holdings , the world's biggest gaming company and its closest rival, NetEase, will fare this week after the apparent softening in stance from the regulator

Whisky woos young Chinese as top distillers target growing market

A distillery in southwestern China is aiming to tap a growing taste among young Chinese for whisky in place of the traditional baijiu liquor used to toast festive occasions. The more than USD 100 million distillery owned by Pernod Ricard at the UNESCO World Heritage site Mount Emei launched a pure-malt whisky, The Chuan, earlier this month. The French wine and spirits group says it is produced using traditional whisky-making techniques combined with Chinese characteristics including locally grown barley and barrels made with oak from the Changbai mountains in northeastern China. Chinese terroir means an exceptional and unique environment for aging, including the water source here top-notch mineral water. The source of water at Mount Emei is very famous," says Yang Tao, master distiller at the distillery. A centuries-old drink, whisky is relatively new to China, but there are already more than 30 whisky distilleries in the mainland, according to the whisky website Billion ...

China unveils Hu Zhongming as new naval chief amid rising maritime tensions

Hu Zhongming was promoted to the rank of general at a ceremony in Beijing attended by President Xi Jinping on Monday

China OKs 105 online games in gesture of support after curbs trigger losses

China's press and publications authority has approved 105 new online games, saying it fully supports the industry after proposed curbs caused massive losses last week for investors in major games makers. The National Press and Publication Administration issued a statement on its WeChat social media account Monday saying the approvals by the Game Working Committee of China Music and Digital Association were positive signals that support the prosperity and healthy development of the online game industry. Tencent's Counter War: Future and NetEase's Firefly Assault were among games approved. Draft guidelines for curbs on online gaming had caused share prices of video game makers like Tencent and Netease to plunge on Friday, causing losses of tens of billions of dollars and dragging Chinese benchmarks lower. The administration's guidelines said online games would be banned from offering incentives for daily log-ins or purchases. Other restrictions include limiting how much users can ...

China to provide consular assistance to Vivo employees arrested in India

India's financial crime-fighting agency last week arrested two senior employees of Vivo's India unit, a move the company vowed to challenge legally

Beijing sees most hours of sub-freezing temperatures in December since 1951

Beijing recorded the most hours of sub-freezing temperatures in December in more than seven decades as a cold wave has enveloped northern and central swathes of China, bringing snowstorms and record-breaking temperatures. A weather observatory in the Chinese capital as of Sunday had recorded more than 300 hours of sub-freezing temperatures since December 11 the most since records began, in 1951, according to the official newspaper Beijing Daily. The city saw nine consecutive days with temperatures below minus 10 degrees Celsius (14 degrees Fahrenheit), the paper added. Parts of northern and central China have shivered under frigid cold snaps this month, with authorities closing schools and highways several times due to snowstorms. Temperatures at 78 weather stations across the country hit record lows for the month of December, while average temperatures this month in northern and some central parts of China hit record lows set in 1961, according to the National Meteorological Cent

Taiwan detects 4 Chinese naval ships, 2 military aircraft around nation

Taiwan responded by sending planes and navy ships, as well as deploying air defence missile systems, to track the People's Liberation Army (PLA) actions, as per MND

Micron settles high-profile IP theft lawsuit amid push to repair China ties

The settlement comes months after the Chinese government in May barred Micron's chips from "critical infrastructure" over cybersecurity concerns

Explosion at Chinese-owned Nickel plant kills at least 13, injures 46

A smelting furnace exploded on Sunday at a Chinese-owned nickel plant on Indonesia's Sulawesi island, killing at least 13 workers and injuring dozens of others, police and a company official said. It was the latest in a series of deadly incidents at nickel smelting plants in Indonesia that are part of China's ambitious transnational development programme known as the Belt and Road Initiative. Nickel is a key component in global battery production for electric vehicles. At least four Chinese and nine Indonesian workers died when the furnace exploded while they were repairing it, said Central Sulawesi police chief Agus Nugroho. The blast was so powerful it demolished the furnace and damaged parts of the side walls of the building, said Nugroho, adding that about 46 workers were injured, including 14 Chinese nationals, some in critical condition. Authorities are working to determine whether negligence by the company led to the deaths, Nugroho said. The accident occurred at PT Indone

India's steel production grows 11% to 11.7 MT in Nov 2023: Worldsteel

India has registered an increase of 11.4 per cent in its crude steel production at 11.7 million tonne (MT) in November this year, according to World Steel Association (worldsteel). During January-November, the country's production was 12.1 per cent higher year on year (y-o-y) at 128.2 MT, the global body said in its latest report. The global steel production in November was at 145.5 MT, 3.3 per cent up over same month in 2022. The world output rose marginally by 0.5 per cent to 1,715.1 MT in January-November 2023, worldsteel said. China produced 76.1 MT steel in November, up 0.4 per cent over November 2022. It produced 952.1 MT in January-November, higher 1.5 per cent y-o-y. In November, Japan's output fell 0.9 per cent to 7.1 MT, while the overall production was 2.8 per cent lower at 80 MT during January-November 2023. The US produced 6.6 MT steel in last month and 73.9 MT in the eleven-month period of 2023. Russia produced 6.4 MT in November and 70.2 MT in January-November 2023

Termination of govt servants, China's visa denial to Wushu players rock AP

The termination of service of 256 government employees for producing forged documents, China's decision to deny visa to wushu players from Arunachal Pradesh for the Asian Games and protests against the state public service commission exam paper leak took centre stage in the frontier state in the year 2023. The abduction of village officials and construction workers by militants, killing of a former MLA and anomalies over the recruitment of junior engineers found a place in the headlines in the northeastern state during the year. India strongly protested China's decision to deny visa to three women athletes from Arunachal Pradesh for the Asian Games with Union Sports Minister Anurag Thakur cancelling his visit to Hangzhou where the event took place. Women players Nyeman Wangsu, Onilu Tega and Mepung Lamgu were denied accreditation, which also worked as visa for the games held in September-October this year. Arunachal Pradesh Chief Minister Pema Khandu dubbed the denial of visa to th

Strong quake in China that killed at least 148 cause losses worth millions

The strong earthquake that hit northwest China this week, killing at least 148 people, caused economic losses estimated to be worth tens of millions in the agricultural and fisheries industries, state media said Saturday. Officials in Gansu conducted preliminary assessments that showed the province's agricultural and fisheries industries have lost 532 million yuan (about USD 74.6 million), state broadcaster CCTV reported. Authorities were considering the best use of the relief fund, set up days before, for the agricultural sector to resume production as soon as possible, the report said. The magnitude 6.2 quake struck in a mountainous region Monday night between Gansu and Qinghai provinces and about 1,300 kilometers (800 miles) southwest of Beijing, the Chinese capital. CCTV said 117 people were killed in Gansu and 31 others died in neighboring Qinghai, while three people remained missing. Nearly 1,000 were injured and more than 14,000 homes were destroyed. During a visit Saturday

College graduates doing two jobs to manage monthly expenses in China

"The work is meaningless, and the process is very painful," he said

Death toll in northwest China's 6.2 magnitude earthquake rises to 148

The death toll from the 6.2-magnitude earthquake that jolted northwest China earlier this week has risen to 148, with as many as 117 persons dead in the worst-hit Gansu province, authorities said. The quake, the worst in nine years in the region, struck midnight on December 18 at a depth of 10 kilometres. In Qinghai province, which borders Gansu, 31 people were killed in the earthquake. As of Friday, the earthquake had injured 781 people in Gansu, according to the provincial earthquake relief headquarters, the state-run Xinhua news agency reported on Saturday. A total of 311 temporary relocation sites have been set up for the affected residents in Gansu, and 112,346 people relocated so far. As of now, 499 individuals have been discharged from hospital after receiving treatment, while 282 people remain hospitalised. Among them, 17 are in critical condition and 69 are severely injured. Monday night's quake was China's deadliest since an earthquake killed 617 people in Yunnan provi

China shuts down 34,000 online accounts to stem rumours, ensure stability

In a bid to ensure sustained social stability, security officials across China have shut down 34,000 online accounts for spreading rumours and punished more than 6,300 people since the start of a crackdown campaign in April. Over 4,800 cases have been handled, with more than 6,300 people punished, Li Tong, an official with the Ministry of Public Security said. Officials across the country have shut down 34,000 online accounts for spreading rumours, Li said. To ensure social stability, the ministry has decided to carry out a yearlong crackdown on online rumours spanning 2024, Li told the media here on Friday. The campaign will employ multiple measures to make sure it is effective and delivers solid outcomes, he said. In 2023, Chinese police have also taken strong measures against criminal acts of cyber violence such as online smearing, insulting and privacy infringement, handling 110 cases so far, the state-run Xinhua news agency reported.

Tencent leads $80 billion rout as China gaming curbs revive crackdown fears

The top gaming regulator on Friday published draft rules broadly designed to clamp down on practices that encourage players to spend more money and time online

Chinese automaker BYD's first car factory in Europe planned in Hungary

Chinese automaker BYD said on Friday that it plans to build a new electric vehicle plant in Hungary, its first car factory in Europe, as part of its rapid global expansion. Hungary will be the centre for its European operations, BYD said in a notice on its Weibo social media account. BYD, based in the southern Chinese city of Shenzhen, said it plans to create thousands of jobs in creating a local green ecosystem for manufacturing its electric vehicles. The factory will have an advanced production line and will be built in phases, it said without giving details on the amount of money to be invested. BYD is among EV manufacturers making fast inroads into Europe, to the extent that European regulators have begun a probe into Chinese government support for the industry. The company, whose name stands for Build Your Dreams, began direct EV sales in Hungary in October. The company says it plans to launch three new models in Europe within the coming year in addition to the five models it