Page 2 - China

US approves up to $11 bn arms sale to Taiwan, risking China backlash

The total value of the sales is up to $11.154 billion, according to a separate statement from Taiwan's Defense Ministry

How China's 'Manhattan Project' aims to break Western control of AI chips

China has secretly built a prototype machine to make advanced AI chips, aiming to end Western dominance, with working chips expected by 2028-2030

Taiwan detects 40 sorties of Chinese aircraft, 8 vessels around nation

As per the MND, of the 40, 26 sorties crossed the median line and entered Taiwan's northern, central, southwestern and eastern ADIZ

China sues Missouri after state seeks to collect on $25 bn court judgment

Missouri's top prosecutor said China is suing after the state pressed federal officials for help collecting on a roughly USD25 billion court judgment related to the COVID-19 pandemic. Attorney General Catherine Hanaway said Tuesday in a news release that China is demanding a public apology from the state in a complaint filed in the Intermediate People's Court of Wuhan. The Chinese government also is seeking compensation equivalent to USD 50.5 billion plus legal fees and the right to claim further compensation. "This lawsuit is a stalling tactic and tells me that we have been on the right side of this issue all along, Hanaway said in the news release. At issue is a lawsuit Missouri filed alleging that China hoarded personal protective equipment during the early months of the pandemic, harming the state and its residents. A federal judge ruled for Missouri earlier this year after China declined to participate in the trial. It called the lawsuit very absurd when it was filed in ...

Outbound shipments from India to China surge to $12.22 bn in Apr-Nov

Trend indicates Beijing is shifting its sourcing away from US, say officials

Why China's graduates are choosing government jobs over private firms

China's weak economy and job cuts in private firms are pushing young graduates towards government jobs, with record applicants chasing stable careers despite tough competition

Best of BS Opinion: New rural jobs law will bring significant changes

Today's wrap looks at the new rural jobs law, the push to open civil nuclear power to private investors, a US strategic reset, RBI's views on bank ownership, and a book on American power

Xi Jinping warns officials against chasing 'reckless' GDP expansion

The Chinese leader also warned that 'inefficient' investment, which results in projects being abandoned as soon as they are completed, must be prevented

Jimmy Lai: Hong Kong's media mogul who became fierce critic of Beijing

To his supporters, former media mogul Jimmy Lai is a fighter for democracy. To his opponents, he's a traitor to his motherland. Now, he could face life in prison after being convicted of conspiracies to commit sedition and collusion with foreign forces awaits a verdict in a landmark trial that began in 2023. Lai, 78, is an outspoken critic of China's ruling Communist Party who was arrested in 2020 under a national security law following massive anti-government protests that rocked Hong Kong the year before. His arrest and the closure of his Apple Daily newspaper, a tabloid-style publication that backed the democracy movement, dealt a blow to free speech in a city that was once a bastion of press freedom in Asia. A conviction could keep the British citizen in jail for the rest of his life. Born in mainland China, Lai was just 12 when he arrived in Hong Kong on a fishing boat as a stowaway, hoping for a better life in the then-British colony. He began working as a child labourer in

China confronts cost of dismantling the world's biggest coal sector

Coal has been closely tied to the Communist Party's history and to its efforts to transform China's economy over the past decades

China's EV makers spark price war in Thailand with discounts up to 38%

The savings are eye-catching: BYD Co. slashed as much as 38 per cent from the sticker price for its Seal electric sedan in October, and is offering compensation if there are more price cuts

America needs allies to counter China's industrial, military expansion

Tomahawk missile case highlights US limits against China. To maintain security and influence, US must collaborate with allies economically, technologically, and militarily to counter China's rise

High-end car sales dip in China, taking toll on European automakers

Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort. That is bad news for European carmakers like Porsche, Aston Martin, Mercedes-Benz and BMW that have long dominated the upper reaches of the world's largest auto market. A slowing economy hits the luxury market --------------------------------------------- A prolonged property downturn in China has left many consumers with little appetite for big purchases. Meanwhile, the well-to-do are becoming increasingly shy about publicly displaying their wealth, said Paul Gong, UBS head of China Automotive Industry Research. Many car buyers have been swayed by a 20,000 yuan (USD 2,830) trade-in subsidy offered by the Chinese government for purchasing electric and plug-in hybrid vehicles. People tended to purchase cheaper, entry-level cars where the discount will count more and those cars are mostly .

3 fishermen injured by Chinese coast guard's water cannons: Philippines

Chinese coast guard ships used powerful water cannons and blocking manoeuvres against 20 Philippine fishing boats off a disputed South China Sea shoal, injuring three Filipinos and damaging two of their boats in a life-threatening assault, the Philippine coast guard said on Saturday. Chinese coast guard personnel aboard smaller rubber boats later deliberately cut the anchor lines of several of the Philippine boats on Friday afternoon off Sabina Shoal, endangering the vessels and their crews amid strong currents and high waves, the coast guard said. Chinese officials did not immediately comment on the latest reported flare-up of the long-unresolved territorial disputes in the South China Sea, but they have vowed to defend their claimed territories at all costs. The South China Sea, a key global trade route, is claimed virtually in its entirety by China despite a 2016 arbitration ruling that declared Beijing's expansive claim invalid based on the 1982 United Nations Convention on the

Nvidia considers increasing H200 chip output as Chinese demand surges

Major Chinese companies including Alibaba and ByteDance have already reached out to Nvidia this week about purchasing the H200 and are keen to place large orders

Taiwan records 9 Chinese sorties, 7 naval vessels around its territory

Today's Chinese military activity around the island nation has seen a significant decline compared to December 12

India gold discounts widen as prices hit record high, China demand muted

Indian dealers were offering a discount of up to $34 per ounce to official domestic prices this week, inclusive of 6 per cent import and 3 per cent sales levies

Mexico to raise tariffs on India and key Asian economies from 2026: What it means

Mexico has approved a major tariff overhaul that will impact imports from countries without trade agreements, including India, China, South Korea, Thailand, and Indonesia.

US nuclear bombers join Japan in show of force after China-Russia drills

The flight of two US B-52 bombers with three Japanese F-35s and three F-15s marked the first US show of military presence since China began its exercises in the region last week

A phone that uses apps for you? Meet Nubia M153, China’s agentic AI phone

China’s Nubia M153 is being pitched as a “fully agentic” AI smartphone—an AI that can see your screen and operate apps for you. But major apps are pushing back. Here’s what it does, why it sold out