Page 2 - China

China's Evergrande Group founder pleads guilty to fraud in downfall

Evergrande Group's founder Hui Ka Yan had been accused of a litany of crimes including illegally absorbing public deposits and fundraising fraud

Why Donald Trump's Hormuz blockade is as much about China as Iran

If US enforces the blockade, the Iranian economy will suffer an enormous blow on top of the war destruction and will need to start shuttering oil wells in next few days as its storage tanks fill up

EU launches critical minerals platform to reduce reliance on China

The EU's Energy and Raw Materials Platform opened to submissions from buyers on Monday in the first phase of a multi-month process, an EU spokesperson told Reuters

China's Wang Yi urges talks to sustain 'fragile' Iran-US ceasefire

The top Chinese envoy made the remarks during a call with his Pakistani counterpart Ishaq Dar on Monday, according to a readout from China's Foreign Ministry

China denies arms supply to Iran, rejects US claims as 'ill-intended'

Foreign Ministry spokesman Guo Jiakun rejected reports that Beijing is set to supply military hardware to Tehran

China to gain as Iran war-driven energy crisis boosts shift to clean tech

China is poised to benefit from the Iran war as global energy disruptions accelerate a shift away from fossil fuels and toward clean technologies and renewable power, industries that China dominates. Most of the oil and gas from the now mostly shut Strait of Hormuz was Asia-bound. Asian nations are scrambling to conserve energy and bolster dwindling reserves. As a temporary ceasefire teeters, gasoline prices in the US and Europe are spiking. While most of Asia is hit hard, China will likely benefit from the fossil fuel disruptions despite being the biggest purchaser of Iranian oil. China leads the world in battery, solar and electric vehicle exports, and its industries are forecast to face a rise in demand for renewable products. Before the start of the Iran war in late February, China's lead in clean technologies was lengthening. The US under President Donald Trump scaled back on renewable energy and leaned on its vast oil and gas resources, promoting energy exports to achieve what

India, China boosts LPG imports from US to replace West Asia supply

LPG exports from the West Asia, Asia's top supplier of the fuel used for cooking and feedstock for petrochemical plants, have plunged since the US-Israeli war with Iran started in late February

Donald Trump threatens China with 50% tariffs if it sends arms to Iran

The US president said his threat to impose 50% tariffs on goods from countries that sold weapons to Iran was aimed at China. Trump told Fox News' "Sunday Morning Futures" that has heard reports of China giving anti-aircraft "shoulder missiles" to Iran. He played down the possibility of China supplying weapons to Iran, but said their goods would be taxed if they did. "I doubt they would do that, because I have a relationship, and I think they wouldn't do that, but maybe they did a little bit at the beginning," Trump said. "But if we catch them doing that, they get a 50% tariff.

China sets up new county in Xinjiang near PoK, Afghanistan border

China has set up a new county in its volatile Xinjiang province near Pakistan-occupied Kashmir (PoK) and the Afghanistan border in an apparent move to beef up security along the narrow Wakhan Corridor to curb infiltration of Uyghur separatist militants. The county, named Cenling, is located near the Karakoram mountain range and close to the borders with PoK and Afghanistan, underscoring its strategic significance. This is the third new county established by China in Xinjiang, a predominantly Muslim Uyghur region, in just over a year. India last year lodged a protest with China over the creation of Hean and Hekang counties, stating that parts of their jurisdiction fall within its union territory of Ladakh. Hean includes much of the disputed Aksai Chin plateau, which is part of Ladakh occupied by China in the 1962 war and has remained a focal point of the India-China border dispute. The Xinjiang Uyghur Autonomous Region government announced the establishment of Cenling on March 26,

India rejects China's 'mischievous' move to rename places in Arunachal

China's false claims and manufacturing of baseless narratives cannot alter undeniable reality, MEA added

China to resume some ties with Taiwan including more direct flights

China said Sunday it would resume some ties it had suspended with Taiwan, such as direct flights to cities across China and imports of Taiwanese aquaculture products, as the island's opposition party leader concludes her visit. The Taiwan Work Office under China's Communist Party issued a statement saying it would explore setting up a longstanding communication mechanism between the Communist Party and Taiwan's Kuomingtang Party, and facilitate the import of Taiwan's aquaculture products, after it banned them in recent years. Cheng Li-wun, the head of the Kuomingtang, and China's President Xi Jinping held a high-profile meeting Friday during which both called for peace without offering specifics. Taiwan is self-ruled, but China claims the island as part of its territory. Relations between China and Taiwan have been tense since 2016, when the Taiwanese public elected Tsai Ing-wen from the Democratic Progressive Party as president. Since then, Beijing cut off most of its official ...

US intel indicates China plans to ship air defense systems to Iran: Report

Beijing is preparing to transfer shoulder-fired anti-air missile systems known as MANPADs, CNN said, citing sources it did not name

Kim Jong Un backs China's push for multipolar world, calls for deeper ties

North Korean leader Kim Jong Un has voiced support for China's push to build a "multipolar world" and called for deeper ties between the traditional allies during a meeting with Chinese Foreign Minister Wang Yi, state media said on Saturday. During the meeting on Friday, Kim said his government will fully support Chinese efforts to achieve territorial integrity based on its "one-China principle", a reference to Beijing's official position that Taiwan is an inalienable part of China's territory, according to North Korea's official Korean Central News Agency. Kim also outlined North Korea's position on unspecified regional and international issues of "mutual concern" and said sustained development of ties between the two countries has become more crucial in the current geopolitical environment, KCNA said. Wang, on a two-day trip to North Korea, said the countries' relations were entering a "new phase" following a summit last year between Kim and Chinese President Xi Jinping. Embracin

China won't tolerate Taiwan's independence, says President Xi Jinping

Meeting in the Great Hall of the People, Xi told Cheng that today's world was not entirely at peace, and peace was precious

Gold demand in India picks up ahead of Akshaya Tritiya, China premiums ease

Akshaya Tritiya, the second-biggest gold-buying festival in India after Dhanteras when buying gold ‌is considered auspicious, will be celebrated on April 19

China's factories slip back into inflation on Iran war price shock

An input-cost shock to the world's largest manufacturing base threatens jobs and wages, with around a quarter of firms already operating at a loss after years of overcapacity and price wars

China's independent refiners buy Iran oil at premiums to Brent for 1st time

Iranian oil typically trades at discounts to Brent because of the sanctions and Chinese independent refiners, also known as teapots, are its biggest buyers

China uses West Asia conflict to advance yuan's global payments debut

Beijing challenges US financial dominance across currency, messaging and settlement systems; even if Iran sanctions ease and dollar trust recovers, the yuan push will persist for future crises

Xi Jinping helps Trump on Iran war as China assists in ceasefire bid

Hours after a ceasefire publicly brokered by Pakistan was announced, Iranian officials reportedly credited a last-minute push by China with securing their acceptance, a claim soon validated by Trump

China calculates its next steps in Iran ceasefire ahead of Trump's visit

With a fragile ceasefire agreement between the US and Iran holding for now, China is calculating its role in helping find a durable endgame to the war in the Middle East. After prodding China, which is more reliant on Persian Gulf oil than the US, to get involved in reopening the choked-off Strait of Hormuz, US President Donald Trump told French news outlet Agence France-Presse this week that he believed China played a part in encouraging Iran to agree to this week's temporary truce. Three diplomats who were familiar with China's behind-the-scenes efforts also confirmed that Beijing, the biggest purchaser of Iranian oil, used its leverage to urge the Iranians back to the negotiating table. It was a major moment for Beijing, which had decried the US and Israel's war against its economic partner Iran as misguided before getting directly involved in the push to call off the fighting, including discouraging strikes by Iran. Talks between the sides are expected to begin in Pakistan this