Page 178 - China

Indian states' health departments on alert as China pneumonia cases spike

Union health ministry advised states to immediately review preparedness

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Reports of China respiratory illness surge: Haryana reviews readiness

The Haryana government has issued directions to all civil surgeons "to strengthen surveillance on influenza-like illnesses and severe acute respiratory infections" after recent reports indicated a surge in respiratory illness among children in northern China. In a letter on Tuesday, the state's director of health services further ordered the civil surgeons to report "any clustering of unusual respiratory illness". The Union Health Ministry has advised states to immediately review their public health preparedness following the reports of a surge in respiratory illness among children in northern China. In a statement on Sunday, the ministry said it decided to proactively review preparatory measures against respiratory illnesses as a matter of caution. The letter to the civil surgeons stated that the Centre had directed to ensure availability of requisite hospital beds, testing, medical countermeasures and infection control practices in health facilities and implement "operational ...

India's April-Oct steel imports from China at four-year high

China, the world's top steel producer, exported mostly cold-rolled coil or sheets to India, followed by hot-rolled coil products, plates, and pipes, among others

Myanmar, China conduct naval drills as fighting surges in border area

Myanmar and China are conducting naval drills together as the military government in the Southeast Asian nation loses ground in its northeast border region to a coalition of militias that also has strong ties to Beijing. State-run Myanma Alinn newspaper said Wednesday that three Chinese vessels were anchored in Yangon, Myanmar's largest city, and that officials from both nations met Tuesday to discuss the maritime security exercises. The Chinese vessels the destroyer Zibo, frigate Jing Zhou and supply ship Qian Dao Hu carry about 700 sailors and arrived at the Myanmar port Monday. The report didn't give more details on the drills. Myanmar's military seized power from an elected government in 2021 and since has been in armed conflict with pro-democracy forces and ethnic militias. The visit of the Chinese vessels comes during an upsurge in violence on Myanmar's border with China by the Three Brotherhood Alliance, a group of militias that launched a coordinated offensive against the

China's Alipay sells stake in Zomato for nearly $400 million: Term sheet

The deal comes after Reuters reported on Tuesday that Alipay was planning to sell its 3.4% in Zomato through block deals on the Indian stock exchanges

K'taka health dept issues advisory after respiratory illness surge in China

The action comes after the Centre issued an advisory to States and Union Territories urging them to immediately review public health and hospital preparedness measures

India to add $5 bn aircraft carrier to counter China's naval presence

The new carrier, which can hold at least 28 fighter jets and helicopters and displaces 45,000 tons of water - a measure of size for ships, will be flying the French Rafale jets

'China slows, India grows': S&P pegs 7% GDP growth for India by 2026

India's GDP growth rate will rise to 7 per cent by 2026 compared to 4.6 per cent for China, S&P Global Ratings said on Tuesday. In a report titled 'China Slows India Grows', S&P said it expects Asia-Pacific's growth engine to shift from China to South and Southeast Asia. We project China's GDP growth to slow to 4.6 per cent in 2024 (2023: 5.4 per cent), edge up to 4.8 per cent in 2025, and return to 4.6 per cent in 2026. We see India reaching 7.0 per cent in 2026; Vietnam, 6.8 per cent (4.9 per cent); Philippines, 6.4 per cent (5.4 per cent); and Indonesia remaining steady at 5 per cent, S&P said. The US-based rating agency on Monday projected India's GDP to expand at 6.4 per cent in the current fiscal year and in the next. For 2025 it projected growth rate to rise to 6.9 per cent, followed by 7 per cent in 2026. S&P said with Asia-Pacific's central banks likely to keep interest rates high, the region's borrowers will see costlier debt servicing. Concurrently, a ...

China warns Australia over naval operations in the South China Sea

A visiting Chinese official on Tuesday warned Australia to act with "great prudence" in deploying warships in the South China Sea after a recent confrontation between the two navies. Liu Jianchao, the Chinese Communist Party's international minister, gave the warning while speaking at a Sydney university during a trip that paves the way for President Xi Jinping's Australian visit, expected to take place next year. Bilateral relations had been improving recently, but took a downturn when Australia accused the Chinese destroyer CNS Ningbo of injuring Australian navy divers with sonar pulses in Japanese waters on November 14. Australia said China disregarded a safety warning to keep away from the Australian frigate HMAS Toowoomba. Liu reiterated China's position that the encounter happened outside Japanese territorial waters and that the Chinese warship caused no harm. We do urge the Australian government and also the military to act with great prudence in this area, Liu said at the .

China pneumonia outbreak: No spike in respiratory diseases in India yet

With winters usually signalling the onset of the flu season in India, there has been an increase in people taking vaccinations for flu and pneumonia

China's property lifeline exposes banks to big losses and job cuts

Already stung by soaring bad loans and record low net interest margins, lenders such as Industrial and Commercial Bank of China Ltd. may soon be asked for the first time to provide unsecured loans

Alibaba founder Jack Ma gets back into business with 'Ma's Kitchen Food'

Ma, whose comments about China's outmoded financial system helped trigger the crackdown, has since largely devoted his time to agricultural pursuits though his foundation

China warns of surge in respiratory illness after mystery disease hits kids

The steady rise in pneumonia among children in kindergartens and primary schools flooded hospitals this month and prompted the World Health Organization to make an inquiry with Beijing

Sembcorp Industries to acquire 428 MW wind assets in India, China

Sembcorp Industries on Monday announced that it has signed two separate agreements to acquire 428 MW of wind power assets in China and India for 200 million Singaporean dollar (about Rs 1,247 crore). The Singaporean energy company, backed by state-owned investor Temasek Holdings Pte, will acquire 228 MW of operational wind power assets of Leap Green Energy Pvt Ltd for 70 million Singaporean dollar and 200 MW of Qinzhou Yuanneng for 130 million Singaporean dollar, the firm said in a statement. Sembcorp has been operating in India for more than 12 years, with a presence across 18 states. With this acquisition, the company now has a balanced portfolio of 3.7 GW of renewable assets, comprising 2.25 GW of wind and 1.45 GW of solar assets. Last year, it announced the acquisition of Vector Green to add 583 MW of renewable assets in India. "Sembcorp's wholly-owned subsidiary, Sembcorp Energy (Shanghai) Holding Co Ltd has signed an agreement with Envision Energy Co Ltd to acquire 100 per cen

China calls for cease-fire in Myanmar fighting, continues its border drills

Beijing called for a cease-fire in Myanmar after a coalition of ethnic fighters seized several crossings along Myanmar's border with China in the past month. However, China will continue live-firing drills on its side of the frontier aimed at testing the mobility, border control abilities and firepower capabilities of the military units so that the People's Liberation Army is ready for any emergency, the army newspaper PLA Daily said on Sunday. Myanmar heavily relies on trade with China, especially for importing manufactured goods and exporting agricultural products. Unrest in Myanmar's border region has been a constant irritant to China, which nevertheless backed the military leaders who seized power in the Southeast Asian nation in 2021 from an elected government. Yet China is highly wary of conflicts spilling over the shared border that is already rife with drug trafficking and people smuggling. Cybercrime targeting Chinese victims has become a major concern, and China has pushe

Profits at China's industrial companies rise as deflation persists

For the first 10 months of 2023, profits fell 7.8 per cent from the same period a year earlier, moderating slightly from the 9 per cent fall through the first nine months.

Drug manufacturers in India benefit from Big Pharma interest beyond China

China has for nearly 20 years been the preferred location for a range of pharmaceutical research and manufacturing services due to the low cost and speed offered by contract drugmakers there

China health ministry for more fever clinics to combat mystery illness

Both SARS and Covid-19 were first reported as unusual types of pneumonia

Top diplomats of S Korea, Japan and China meet to restart trilateral summit

The top diplomats from South Korea, Japan and China met Sunday to discuss when to resume their leaders' trilateral summit after a four-year hiatus and how to strengthen cooperation among the three Northeast Asian neighbours. Closely linked economically and culturally with one another, the three countries together account for about 25 per cent of the global gross domestic product. But efforts to boost trilateral cooperation have often hit a snag because of a mix of issues including historical disputes stemming from Japan's wartime aggression and the strategic competition between China and the United States. Korea, Japan and China have the potential for massive cooperation. Our three countries are neighbours that can't be separated from one another, South Korean Foreign Minister Park Jin said at the start of the meeting in Busan, South Korea. I hope we can strive together to hold the South Korea-Japan-China summit, which is at the apex of three-way cooperation, at an early ...