Page 195 - China

Vague tensions with Washington hurting business: Foreign firms in China

Foreign companies operating in China say tensions with Washington over technology, trade and other issues and uncertainty over Chinese policies are damaging the business environment and causing some to reassess their plans for investing in the giant market. The results of surveys released Tuesday by the American Chamber of Commerce in Shanghai and by the European Union Chamber of Commerce in China largely concurred in appealing for greater certainty and clarity over China's stance toward foreign businesses. For decades, European companies thrived in China, benefitting from a stable and efficient business environment. However, after the turbulent past three years, many have reevaluated their basic assumptions about the Chinese market, Jens Eskelund, the EU Chamber's president said, in a letter that accompanied the report. Eskelund said that predictability and reliability had been undermined by erratic policy shifts, hurting confidence in China's growth prospects. At the top of a ...

US firms in China say vague rules, tensions with Washington, hurting biz

American companies operating in China view tensions with Washington over technology, trade and other issues as a major hindrance for their businesses there, according to a survey by the American Chamber of Commerce in Shanghai. The survey released on Tuesday showed a continued downgrading of China's importance as an overseas destination for investment, even though two-thirds of the 325 companies responding said they had no immediate plans to change their China strategy. Just over one in five of the companies surveyed said they were decreasing their investment in China this year, with the top reason being uncertainty about the US-China trade relationship, followed by expectations of slower growth in China, it said. Overall, the survey showed sentiment worsened from last year, when companies were embroiled in disruptions from zero-COVID policies that caused parts of entire cities, transport networks and travel to be shut down, sometimes for weeks at a time. Such disruptions were a ma

Hidden turmoil

Uncertainty is rising in China

China's economic confidence plummets as domestic real estate crises stack

In the midst of these economic challenges, a crisis of confidence is emerging, with growing doubt about the Chinese economy's future

WHO chief urges China to give full access to probe origins of Covid: Report

These comments from the WHO chief come as health authorities update vaccines in response to a surge in Covid-19 cases

China lodges protest with Germany over labelling President Xi as dictator

China on Monday lodged a diplomatic protest with Germany over its Foreign Minister Annalena Baerbock labelling President Xi Jinping as a dictator. "If (President Vladimir) Putin were to win this war, what sign would that be for other dictators in the world, like Xi, like the Chinese president? Therefore, Ukraine has to win this war, Baerbock said in an interview on Friday during her trip to the US. The Chinese Foreign Ministry took exception to Baerbock's remarks, saying that the comments were an open political provocation." "We deplore and reject the remarks by the German side which are preposterous and extremely irresponsible," Chinese Foreign Ministry spokesperson Mao Ning said while responding to a question at a media briefing on the German Minister's comments. The remarks are contrary to facts and a breach of diplomatic protocol and China lodged a diplomatic protest to Germany, Mao said. Earlier this year, US President Joe Biden also called Xi a dictator. Xi, 70, heads the r

China flies military planes toward Taiwan in show of power against island

China's military sent 103 warplanes toward Taiwan in a 24-hour period in what the island's defense ministry called a recent new high. The planes were detected between 6 am on Sunday and 6 am on Monday, the ministry said. As is customary, they turned back before reaching Taiwan. Chinese warplanes fly toward the self-governing island on a near-daily basis but typically in smaller numbers. The Taiwan ministry didn't explain what time period it meant by a recent high. China, which claims Taiwan as part of its territory, has conducted increasingly large military drills in the air and waters around Taiwan as tensions have grown between the two and with the United States. The US is Taiwan's main supplier of arms and opposes any attempt to change Taiwan's status by force. The Chinese government would prefer that Taiwan come under its control voluntarily and last week unveiled a plan for an integrated development demonstration zone in Fujian province, trying to entice Taiwanese even as it

China's foreign minister Wang Yi heads to Moscow after meeting US NSA

China's top foreign policy official is heading to Russia for security talks after two days of meetings with US President Joe Biden's national security adviser over the weekend in Malta. Foreign Minister Wang Yi, who simultaneously holds the ruling Communist Party's top foreign policy post, will be in Russia from Monday to Thursday for a round of China-Russia strategic security consultations, the Foreign Ministry said in a brief statement. The US and China are at odds over Russia's invasion of Ukraine. China has refrained from taking sides in the war, saying that while a country's territory must be respected, the West needs to consider Russia's security concerns about NATO expansion. It has accused the US of prolonging the fighting by providing arms to Ukraine, weaponry that the US says is needed to defend against Russian aggression. China and Russia have grown closer in recent years as relations with the West have deteriorated for both. China is looking for support as it seeks to .

Xi's security obsession turns ordinary Chinese citizens into spy hunters

As President Xi Jinping throws up a forcefield of security controls to repel perceived foreign threats to Communist Party rule, Beijing's message to the public is spooks are everywhere

103 Chinese warplanes flew toward island in a new daily high, says Taiwan

Taiwan says 103 Chinese warplanes flew toward the island in new daily high in recent times. Taiwan's Defence Ministry said that it detected the planes in the 24-hour period ending at 6 am on Monday. China's military regularly sends planes over waters south and west of Taiwan. The island's Defense Ministry said that 40 of the planes detected Sunday and early Monday crossed the symbolic median line between Taiwan and mainland China.

China's short-term economic prospects doesn't mean it is out of the woods

A healthy Chinese economy is a prerequisite for a solid and durable world expansion. Better a month of reasonably good data than another installment of doom and gloom

Keeping a tab on IT hardware imports: Govt looks at SIMS for template

May mandate prior registration of India-bound items

The unfinished job of farm mechanisation

The current level of farm mechanisation in India, reckoned officially at 47 per cent, is far lower than the 60 per cent in China and 75 per cent in Brazil

WHO chief pushes China for 'full access' to determine Covid's origins

Ghebreyesus has for long been pressing China to share its information about the origins of Covid-19, saying that until that happened all hypotheses remained on the table

Investment for growth

Encouraging private investment stays a challenge

Chinese police detain some Evergrande wealth management unit staffers

Reuters could not confirm that Du was among those detained, and the police statement did not specify the number of people detained, the charges or the date they were taken into custody

A massive $188 bn exodus shows China's heft fading in world markets

Foreign holdings of the nation's equities and debt have fallen by about 1.37 trillion yuan ($188 billion), or 17%, from a December-2021 peak through the end of June this year

Seems like Cong has given Northeast to China: Assam CM Sarma slams party

A video shared by the Congress on its official handle on X, formerly Twitter, allegedly showed a distorted map of India, with the entire Northeast region missing

China's economic slowdown continues, real estate at persistent risk

The US-based news daily reported that the construction sites around China appear visibly less busy and construction of apartment towers has faltered because of falling apartment prices

Chinese Vice President Han Zheng to attend UN General Assembly session

In a statement, Mao Ning said, "Vice President Han Zheng will attend the General Debate of the 78th session of the United Nations General Assembly from September 18 to 23"