Page 182 - China

China's economy likely struggled to gain traction despite stimulus

That dynamic will be most evident in retail sales data, which is expected to show a 7 per cent jump year-on-year as it compares to pandemic and lockdown-hit 2022

Biden-Xi meet: White House expects possible military communications revival

US officials expressed hope Monday that this week's highly anticipated face-to-face meeting between President Joe Biden and Chinese President Xi Jinping will produce some concrete results, including the possible reestablishment of military communication between the two nations and a shared effort to combat illicit fentanyl trafficking. The two leaders will meet Wednesday on the sidelines of the Asia-Pacific Economic Cooperation summit in San Francisco. The Biden-Xi bilateral will be the marquee moment of the forum, which is dedicated to promoting trade, investment and economic development among nations around the Pacific Ocean. Biden and Xi have not spoken in a year. Their last meeting was at the Group of 20 summit in Indonesia last fall. And since then, tensions between the two nations have grown following a series of events touched off by the shooting down of a Chinese spy balloon that had wafted across the US earlier this year. The frosty relationship between the two economic ...

PE firms' $1.5 trn worth of assets trapped in China after market slumps

With public markets in a slump and offering unattractive valuations, buyout firms are exploring private sales

Goldman Sachs loads up on Indian markets: Upgrades to 'overweight'

Brokerage cites strong economic growth prospects, steady domestic mutual fund inflows, and a potential supply-chain shift from China

What is LockBit, the group that hacked world's biggest bank

LockBit has gained infamy for its recent attack on the Industrial and Commercial Bank of China (ICBC), disrupting US Treasury market trades. Watch the video to know about this group >

Apple Inc's China sales dip boosts $20 billion Xiaomi market rally

Chinese Android makers are capitalizing as Apple posts sliding revenue in the country, even amid signs that Asia's largest smartphone market is starting to bottom out after years of decline

Chinese experts sound alert on relapse of Covid-19 during winter season

Chinese experts have sounded an alert about the relapse of COVID-19 infections during the current winter season and asked elderly and vulnerable populations to get vaccinated. The Chinese Centre for Disease Control and Prevention (Chinese CDC) shows that a total of 209 new severe COVID-19 cases and 24 deaths caused by COVID-19 were reported across the country in October, with the prevalent strains all being XBB variants, official media reported on Monday. China's top respiratory disease expert Zhong Nanshan warned of a small COVID-19 spike in the winter and reminded the elderly and vulnerable populations to get vaccinated as soon as possible, state-run Global Times reported. The virus is undergoing mutations, while the general population's ability to fight off the disease is declining because their antibody levels are lowering as time passes, Lu Hongzhou, head of the Third People's Hospital of Shenzhen, told the Daily. According to Lu, there may be a rise in COVID-19 cases during t

Oil wavers on weak demand outlook in US and China, Fed hedging

Prices gained nearly 2% on Friday as Iraq voiced support for oil cuts by OPEC+, but lost about 4% for the week, recording a three-week losing streak for the first time since May

Worried Chinese shoppers' restraint dims singles' day shopping extravaganza

Shoppers in China have been tightening their purse strings, raising questions over how faltering consumer confidence may affect Saturday's annual Singles' Day online retail extravaganza. Singles Day, also known as Double 11, was popularized by e-commerce giant Alibaba. In the days leading up to the event, sellers on Alibaba and elsewhere often slash prices and offer enticing deals. Given prevailing jitters about jobs and a weak property market, it's unclear how this year's festival will fare. A Bain & Company survey of 3,000 Chinese shoppers found more than three-quarters of those who responded plan to spend less this year, or keep spending level, given uncertainties over how the economy is faring. That includes people like Shi Gengchen, whose billiard hall business in Beijing's trendy Chaoyang district has slowed. The current economic situation is lousy and it has affected my business, there are fewer customers than before, said Shi, adding that his sales are just 40% of what ...

Message for Beijing

Indo-US geopolitical collaboration is expanding

China's largest chipmaker SMIC's Q3 net down 80%; says market stabilising

Their results echoed others such as Taiwan's TSMC and Germany's Siltronic, who have faced similar earnings pressure from a slowdown in the semico­nductor industry

Hopeful about resuming military communication with China: US military chief

The top US military officer said Friday he has conveyed to China his hopes to resume the stalled communication between the world's two biggest militaries. The chairman of the Joint Chiefs of Staff, Gen. CQ Brown Jr., told a selected group of journalists Friday in Tokyo that it is hugely important to ensure there is no miscalculation between the sides. He said he conveyed his desire to restart the dialogue in a letter to his Chinese counterpart. I'm hopeful, Brown added. China froze military exchanges in August 2022 when then-Speaker of the House of Representatives Nancy Pelosi visited self-governing Taiwan, which China claims as its own territory. The two sides have shown indications in recent weeks that they are close to resuming the exchanges. Brown made his comment during the Tokyo leg of a trip to Asia ahead of next week's Asia-Pacific Economic Cooperation summit, to be hosted by President Joe Biden in San Francisco. Biden will meet with Chinese President Xi Jinping on the ...

Combating air pollution with artificial rain: Cloud seeding explained

The Delhi govt has announced it would initiate cloud seeding to tackle air pollution in the national capital

India planning labour supply pact with Taiwan while China tensions brew

Taiwan could hire as many as 100,000 Indians to work at factories, farms and hospitals, the officials said, asking not to be identified as the discussions are private

US likely to press India on countering China more in Asian waterways

The US wants India to share some of its burden in the Indo-Pacific by increasing its diplomatic and military presence in the region, Indian officials aware of the details said

China's biggest commercial lender ICBC's US unit hit by ransomware attack

ICBC Financial Services, the U.S. unit of China's largest commercial lender by assets, said it was investigating the attack that disrupted some of its systems.

Huawei's chipmaker warns geopolitical tensions creating global chip glut

That outlook clashes with more upbeat comments from Samsung Electronics Co. and Taiwan Semiconductor Manufacturing Co. about mobile demand bottoming soon

US-India ties critical, need to maintain momentum: USISPF on 2+2 dialogue

The 2+2 Ministerial Dialogue is a diplomatic summit between India and the US held every year since 2018. This year, it comes amid various geopolitical issues, including the ongoing Middle East crisis.

US-India ties reaffirmed with 2+2 dialogue amid geopolitical challenges

The India-US 2+2 Ministerial Dialogue comes as the world witnesses changing geopolitical landscape under the shadow of Ukraine conflict, Israel-Hamas war among other things.

Oil sputters to three-month lows as demand concerns mount in US, China

Brent crude futures fell $1.68, or 2%, to $79.93 a barrel by 11:00 am EST (1600 GMT). US crude lost $1.78, or 2.3%, to $75.59. Both benchmarks hit their lowest since late July