Page 177 - China

China frames 'One Province, One Policy' plan for the financial risk

In late October, the two-day Central Financial Work Conference, which was attended by President Xi Jinping, pledged to optimise the debt structure of central and local governments

Evergrande risking liquidation if creditors veto plan for handling debts

A Hong Kong court will convene a hearing on Monday on troubled Chinese property developer Evergrande's plans for restructuring its more than USD 300 billion in debts and staving off liquidation. The company, the world's most indebted property developer, ran into trouble when Chinese regulators cracked down on excessive borrowing in the real estate sector. Last month, the company said Chinese police were investigating Evergrande's chairman, Hui Ka Yan, for unspecified suspected crimes in the latest obstacle to the company's efforts to resolve its financial woes. The Hong Kong High Court has postponed the hearing over Evergrande's potential liquidation several times. Judge Linda Chan said in October that Monday's hearing would be the last before a decision is handed down. Evergrande could be ordered to liquidate if the plan is rejected by its creditors. In September, Evergrande abandoned its initial debt restructuring plan after authorities banned it from issuing new dollar bonds, w

Jharkhand puts hospitals on alert amid pneumonia outbreak in China

The Jharkhand government has put its hospitals on alert, asking them for surveillance, preventive measures and testing of respiratory illness cases in the backdrop of a mysterious pneumonia outbreak in China, officials said on Saturday. In a letter to the district administrations, Additional Chief Secretary for Health Arun Kumar Singh directed them to remain prepared and keep a constant vigil on the situation. "In view of the recently reported surge in respiratory illness, especially in children in Northern China, in the recent weeks, this is to bring to your kind notice that there is an urgent need to keep a constant vigil, monitor trends of cases and quickly respond to any emerging public health," Singh said in the letter. In view of the ongoing influenza, there might be an increase in respiratory illness cases, he said. "This is predominantly attributed to usual causes like Influenza strain (H1N1/H3N2/H5N1/H9N2 etc.), mycoplasma pneumonia, SARS-CoV-2, etc," Singh said. "In orde

US Navy, UK, Oz to test AI to help crews track Chinese subs in the Pacific

The three powers said they would deploy advanced artificial intelligence algorithms on multiple systems

Henry Kissinger: Flawed genius who will be missed more in China than the US

Kissinger acknowledged India's civilisational impulse and remarkable assimilative power while retaining its identity, but he remained in thrall to China

New US rules aimed at curbing China could limit tax credits for EVs

The Biden administration proposed new rules on Friday that could make it harder for electric vehicles to qualify for a full USD 7,500 federal tax credit, complicating efforts to meet President Joe Biden's goal that half of new passenger vehicles sold in the US run on electricity by 2030. Plans outlined by the Treasury and Energy departments would limit EV buyers from claiming the full tax credit if they purchase cars containing battery materials from China and other countries that are considered hostile to the United States. The new rules required under Biden's signature climate law approved last year are likely to slow consumer acceptance of electric vehicles just as Biden is trying to ramp up sales to help meet his goal to cut planet-warming greenhouse gas emissions in half by 2030. EV sales have tripled since Biden took office, but the US still depends on foreign sources especially China for many of critical minerals needed to produce EV batteries. The proposals are set to .

IHH seeks acquisitions in Indonesia, Vietnam; eyes turnaround in China

IHH is in the midst of reviewing its strategy for China where its operations are currently loss-making

US, India play down Sikh murder plot with wider Asia strategy at risk

The US sees India as key to its strategy of countering China's growing assertiveness in Asia, one of its top global priorities

More visa-free travel for Indians beneficial for Goa tourism as well

Visa-free entry is a carrot to expand $28 billion that 27 million Indians spent overseas in 2019. Those numbers had swelled eightfold and sixfold, respectively, in the two decades before the pandemic

India's green dilemma: Struggle for renewables as China powers up with coal

Poor planning by Indian policymakers, coupled with unbridled optimism for renewables, caught India unawares, industry officials noted

China illness surge: Multiplex PCR tests to begin at 2 Delhi govt hospitals

Delhi Health Minister Saurabh Bharadwaj on Thursday said multiplex PCR tests will be started at two government hospitals to detect any new pathogens and asserted that there was no need to panic, amid a surge in respiratory illness in children in northern China. Bharadwaj held a meeting earlier in the day to review the preparedness of hospitals and also directed that an anti-viral drug for children that is administered in such cases should be procured. Talking to PTI Video, he said, "Following the Centre's advisory, we held a meeting with the Delhi government experts, including pulmonologists, pediatric pulmonologists who have been seeing the situation. Till now no new pathogens have been detected. But as a precautionary measure, pediatric departments have been directed to run broad spectrum tests on children admitted with symptoms to detect any new pathogens." Later in a post on X, he said that multiplex PCR tests will be started in Rajiv Gandhi Super Speciality Hospital and Chacha

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Mysterious pneumonia outbreak in China: Here's why the world is worried

China has reported an outbreak of influenza-like illness. According to news reports, Chinese hospitals are "overwhelmed with sick children" who have symptoms of respiratory illness. >

Alibaba Group's value dips below upstart PDD's in landmark for China

Alibaba slid as much as 1.4 per cent in Hong Kong, putting its market value at about HK$1.46 trillion ($187 billion) and on track to close below US-listed PDD Holdings Inc.'s $188.3 billion

US House Committee approves 'Resolve Tibet Act' for Tibet-China dispute

The Resolve Tibet Act states that Tibetans "are a people with a distinct religious, cultural, linguistic and historical identity," as per the ICT

Henry Kissinger, US secy of state under Prez Nixon and Ford, dies at 100

A Jew who fled Nazi persecution in his native Germany in 1938 at age 15, Kissinger developed a conservative outlook that would dominate his decision-making in government

China presents UN with vague Mideast peace plan as US promotes its own role

China on Wednesday presented the United Nations Security Council with a four-point plan for Middle East peace in a demonstration of its ambitions to be a global superpower. But the plan was short on details, and the United States quickly reminded the council of its attempts to ease the Gaza war. China has had little role in negotiations over the Israel-Palestinian conflict, which have been largely monopolized by the United States for decades. Chinese Foreign Minister Wang Yi told the council that the war shows the urgent need for a Palestinian state alongside Israel. We should revitalize the political prospects of the two-state solution with stronger determination, he said. The lack of a Palestinian state is the crux of the repeated turbulence in the Palestinian-Israeli situation, he said. US President Joe Biden and other US officials also have spoken in favor of working toward a two-state solution for the conflict. China made its biggest foray into Middle East politics when it ..

We're on high alert, says Delhi health min on pneumonia outbreak in China

In view of recent reports of a surge in respiratory illnesses in children in northern China, health departments in States and Union territories across the country have been put on alert

Nestle says India, China are 'big focus' for growth of coffee market

"China is really a big focus, and India is a big focus," Navratil said

Walmart turns to India from China for cheaper imports as it cut costs

Only 60% of its shipments came from China during the same period, down from 80% in 2018, the same data shows. To be sure, China is still Walmart's biggest country for importing goods