Page 2 - China

China exports surge 19.4% in May as exporters rush orders, ride AI wave

Exports expanded 19.4 per cent from a year earlier in U.S. dollar value terms, customs data showed on Tuesday, outpacing the 14.1 per cent gain in April and a 15 per cent rise tipped by economists

Xi Jinping hails 'new start' in ties ahead of summit with Kim Jong Un

China's ‌unwavering policy is to develop ties with the ​North and both will strengthen exchanges in all ​areas, Xi Jinping said ahead of his visit

China's global ecommerce push slows as Iran war lifts costs, weakens demand

The business models, based on flying $5 dresses from Chinese factories to shoppers, were already under pressure after Trump introduced tariffs and axed customs waivers on low-value parcels last year

Indian firms got less govt support than Chinese peers in 2005-24: Report

Indian firms received significantly lower government support than their Chinese counterparts during 2005-2024, according to an OECD (Organisation for Economic Co-operation and Development) report. OECD MAGIC Database of Industrial Subsidies measures what firms actually receive (not what governments disclose), covering 525 of the world's largest manufacturers across 15 key sectors over 2005-24, through three instruments: grants, income-tax concessions, and below-market borrowings (cheap state-bank loans). "Between 2005 and 2024, Chinese firms received on average three to eight times more government support than firms based in the OECD, a conservative estimate. These subsidies were also considerably higher than the support received by firms based in non-OECD economies such as Brazil, India, and Indonesia," the report said. This reflects one of the key factors behind China's manufacturing competitiveness. The OECD is an inter-governmental body comprising 38 mostly advanced economies t

China puts EVs on a diet as battery boom makes cars heavier: Report

The trend is drawing attention as larger vehicles put pressure on existing infrastructure. Some EVs are becoming too large for parking spaces designed under standards introduced a decade ago

India seeks a more 'vibrant' Colombo Security Conclave as China looms

Beijing has convened the China-Indian Ocean Forum since 2021. India is not a member of the forum

North Korea's Kim Jong Un showcases new warship ahead of Xi Jinping's visit

North Korean leader Kim Jong Un observed sea trials of a new warship repaired after a failed launch last year and vowed to accelerate efforts to build a nuclear-armed navy, state media said on Saturday, showcasing his expanding military capabilities ahead of a visit by Chinese leader Xi Jinping. North Korea's official Korean Central News Agency said Kim visited the 5,000-ton destroyer Kang Kon on Thursday as it underwent capability tests. Photos released by the agency showed him accompanied by his increasingly prominent teenage daughter, believed to be named Kim Ju Ae, whom South Korean officials say may be being groomed as his successor. Kim Jong Un called for "rapidly developing" naval forces capable of playing a larger role in the country's nuclear deterrent and dealing a "deadly blow at the enemy any moment under the water or on the water," KCNA said. He said the navy was a key focus of a new five-year defense plan approved at a ruling party congress earlier this year, which he

China fully supports India in its work as Brics chair, says Amb Xu Feihong

Chinese envoy Feihong said China fully supports India in its work as the Brics chair and stands ready to work together with India to steer the high-quality development of both Brics and SCO

Xi Jinping to travel to North Korea next week in first visit since 2019

Chinese leader Xi Jinping will travel to North Korea next week, both countries announced Friday, in what will be his first visit in nearly seven years. His trip will the latest in a series of steps by China to reinforce its close ties with its nuclear-armed neighbour, whose leader Kim Jong Un has reached out to Russia in recent years, notably by sending troops and conventional weapons to support its war against Ukraine. Kim has likewise been cozying up again to China, the North's biggest trade partner and aid provider, in the past year. "As North Korea builds closer ties with Russia, China seeks to use Xi's trip to reassert its influence over Pyongyang and safeguard its strategic interests in northeast Asia," said William Yang, an analyst for the International Crisis Group. Xi will make a state visit from Monday to Tuesday, state media from both nations said in brief dispatches. His last visit was in June 2019. The trip will come just weeks after Xi hosted US President Donald Trum

TikTok founder surpasses Mukesh Ambani to become Asia's 2nd richest person

Zhang's net worth climbed to $92.8 billion, cementing his position as China's richest person

Best of BS Opinion: RBI faces twin inflation risks as uncertainty swirls

Today's Opinion highlights the RBI's policy choices, soaring IPL franchise valuations, fiscal challenges, climate targets and a timely examination of contemporary China

Everything You Wanted to Know About China: A guide to its past and future

Written in a question-and-answer format, this book attempts to address all the questions you may have about China, its past, and future direction

Chinese labs with links to military seek access to Nvidia's AI chips

Two of the institutions that have expressed interest in the H200 chips- Beihang University and Northwestern Polytechnical University- rank among China's 'Seven Sons of National Defence'

China developing AI tool to predict who could pose political risk

Those tools allow governments to monitor internet traffic and flag when someone tries to get around traditional internet censorship.

China expands curbs on foreign deals, tech transfer after Meta-Manus block

Beijing views ​AI as a sensitive sector critical to national security and has made efforts to control outbound flows of technology, intellectual property and talent

China's May factory activity expands for 6th month as price pressures ease

The RatingDog China General Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 51.8 in May from 52.2 in April, but was slightly above analysts' forecast of 51.6

Gen-Z gamer's 3D-model startup raises $200 mn, becomes China's AI unicorn

Vast competes with Tencent Holdings' Hunyuan 3D and Silicon Valley startup Meshy in the development of production-grade 3D models for video games, filmmaking, 3D printing and industrial applications