Page 20 - China

Will impose secondary sanctions if Iranian funds flow through China: US

The remarks come amid broader US efforts to tighten economic pressure on Iran and curb its financial networks, particularly those linked to oil trade and alleged support for proxy groups

China becomes India's top trade partner in FY26; deficit widens to $112 bn

China has overtaken the US to emerge as India's largest trading partner in 2025-26, with bilateral trade reaching USD 151.1 billion, while the country's trade deficit with Beijing widened to USD 112.16 billion during the period, government data showed. The US was India's largest trading partner for four consecutive years till 2024-25. India's exports to China rose 36.66 per cent to USD 19.47 billion during the last fiscal year, while imports increased 16 per cent to USD 131.63 billion. The trade deficit swelled to an all-time high of USD 112.6 billion in 2025-26 as against USD 99.2 billion in 2024-25. On the other hand, the country's outbound shipments to the US grew marginally 0.92 per cent to USD 87.3 billion during the last fiscal year, while imports increased 15.95 per cent to USD 52.9 billion. The trade surplus declined to USD 34.4 billion in 2025-26 from USD 40.89 billion in 2024-25. According to commerce ministry data, China was India's top trading partner from 2013-14 till

Iran used Chinese spy satellite to target US bases during conflict

The TEE-01B satellite, built and launched by Chinese company Earth Eye Co, was acquired by the Islamic Revolutionary Guard Corps Aerospace Force in late 2024, according to a report

Xi says rule of law must be upheld for West Asia peace, stability

The visit comes amid heightened tensions in the Middle East after weekend talks between Washington and Tehran failed to reach a deal to end the war

Shipping bottlenecks squeeze pharma flows as Hormuz crisis impact deepens

India's pharmaceutical industry remains dependent on China for bulk drugs, particularly fermentation-based antibiotics, vitamins and intermediates

China's export engine stutters as crisis in West Asia dents global demand

But the conflict has disrupted global growth, leaving China especially vulnerable as it has relied on foreign demand to offset a prolonged inability to revive consumption at home

China export growth slows to 2.5% in March amid Iran war uncertainty

China's exports grew 2.5 per cent in March from a year ago, significantly slowing from the previous two months as uncertainties rose from the Iran war and its impact on energy prices and global demand. The March export data released by China's customs agency Tuesday missed analysts' estimates and was sharply down from the 21.8 per cent export growth recorded for January and February. Imports last month surged 27.8 per cent, up from the 19.8 per cent year-on-year increase in the first two months of this year. Technology-related exports including a jump in shipments of semiconductors from China on the global artificial intelligence boom have powered its robust exports in early 2026, but economists say impacts from the prolonged Iran war could affect overall global demand for Chinese exports this year.

World order 'crumbling into disarray': Xi Jinping as Iran war drags on

China has also criticised the military action against Iran and warned it risks plunging West Asia into deeper instability

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