Page 208 - China

Oil stabilises as China economic worries counter OPEC+ supply cuts

Brent crude futures slipped 35 cents to $86.46 a barrel by 1027 GMT while U.S. West Texas Intermediate crude edged lower by 38 cents to $82.81 a barrel

China looks to attract foreign investment as its economy struggles

The 24-point plan from the State Council - China's cabinet - also promises to relax regulations on transferring data overseas, among other measures

LIVE: Terrorists attack convoy of Chinese workers in Pakistan's Balochistan

Catch all the latest updates from across the globe here

China's economic stress deepen with property market slump: Report

Official data on Tuesday will likely show modest gains in industrial output, retail sales, fixed-assets investment in July from year ago, although growth rates are still well below pre-pandemic level

Biden describes China as 'ticking time bomb' over its economic problems

First came word that China's economy had slowed substantially in the spring, extinguishing hopes of a robust expansion after the lifting of extreme Covid restrictions

Mudslide kills 2 in China while rain from Khanun cancels some trains

A mudslide caused by torrential rains killed at least two people on the outskirts of Xi'an in western China, an official news agency said Saturday, while some trains in the northeast were cancelled as a powerful storm lashed the region. Rescuers were looking for 16 missing people following Friday evening's mudslide in the village of Luanzhen, the Xinhua News Agency said. It said roads, bridges and power supplies were damaged. Parts of China suffer heavy rains and flooding every summer, but this year has been unusually severe in some areas, while other regions struggle with drought that is damaging crops. Elsewhere, some train services in Shenyang, the biggest city in China's northeast, and surrounding Liaoning province were suspended starting Saturday evening due to heavy rains caused by the remnants of Khanun, state TV reported. Khanun pummeled parts of Japan as a typhoon before weakening over the Korean Peninsula on its way to China. Some 23,000 people were evacuated from the ...

Chinese warship docks in Colombo after delay caused by Indian concerns

A Chinese Navy warship capable of surveillance has docked at the Colombo port, nearly a year after another spy vessel berthed at a strategic port in the country and raised concerns in India. The Chinese People's Liberation Army Navy warship HAI YANG 24 HAO arrived at the port of Colombo on Thursday, the Sri Lankan Navy said. The vessel is to leave on Saturday. The 129 metre-long ship which arrived in Colombo is manned by a crew of 138 and it is commanded by Commander Jin Xin. The ship is scheduled to depart the country tomorrow, the Navy statement said. According to media reports on Friday, Sri Lanka delayed its arrival upon concerns raised by India. "The Chinese authorities sought permission for it earlier, but Sri Lanka delayed permission because of resistance from India," the Daily Mirror newspaper reported. Despite a briefing by Sri Lanka to Indian officials, the latter remained concerned about the research ship's visit to the island nation. In August last year, a similar vis

Chinese Naval warship docks in Colombo port, to depart on Saturday

A Chinese Navy warship capable of surveillance has docked at the Colombo port, nearly a year after another spy vessel berthed at a strategic port in the country and raised concerns in India. The Chinese People's Liberation Army Navy warship HAI YANG 24 HAO arrived at the port of Colombo on Thursday, the Sri Lankan Navy said. The vessel is to leave on Saturday. The 129 metre-long ship which arrived in Colombo is manned by a crew of 138 and it is commanded by Commander Jin Xin. The ship is scheduled to depart the country tomorrow, the Navy statement said. According to media reports on Friday, Sri Lanka delayed its arrival upon concerns raised by India. "The Chinese authorities sought permission for it earlier, but Sri Lanka delayed permission because of resistance from India," the Daily Mirror newspaper reported. Despite a briefing by Sri Lanka to Indian officials, the latter remained concerned about the research ship's visit to the island nation. In August last year, a similar vis

GBA: India reaching out to non-G20 members before September summit

Russia, Saudi Arabia and China not convinced about joining multilateral initiative

China sends ships and fighter jets toward Taiwan in new show of force

China sent navy ships and a large group of fighter jets toward Taiwan, continuing its military pressure on the island, Taiwan's defense ministry said Thursday. China claims self-ruled Taiwan as its own territory and has regularly sent flights toward the island in reaction to the island's political activities. In the past year, it has also sent navy vessels as well as drones to circle the waters near the island. Taiwan's defense ministry said the Chinese People's Liberation Army sent 33 warplanes and 6 navy vessels between 6 a.m. Wednesday to 6 a.m. Thursday. The J-10 and J-16 fighter jets flew across the midline and to the southwest of Taiwan. The ministry said in an earlier statement Wednesday that Taiwan's military tracked five of the ships as they sailed in coordination with the flights of the fighter jets. The ministry said it used land-based missile systems to track the aircraft, 10 of which crossed the midline of the Taiwan Strait, an unofficial boundary that had been conside

Oil prices fall as China woes offset boost from high US fuel demand

Brent crude fell 20 cents, or 0.2%, to $87.35 a barrel by 0006 GMT, after settling at its highest since Jan. 27 in the previous session

Imports from China for at least 25 commodity groups rose in FY22-23

Imports of electronics from China grew 14 per cent year-on-year in fiscal 2023, and imports of organic chemicals imports rose 9 per cent

Warning sign for global economy, China's CPI tips into deflation in July

CPI falls in annual terms for first time in 2 years; country becomes first G20 economy to report deflation since Japan in 2021

From East with Love: Chinese firms rev up Russian auto industry

There's been a major shift in the Russian automotive landscape. Western automakers, who once ruled the roost, have packed up and left following Moscow's invasion of Ukraine >

Death toll in recent Beijing flooding rises to 33, with 18 still missing

The death toll in recent flooding in China's capital rose to 33, including five rescuers, and another 18 people remain missing, officials said Wednesday, as much of the country's north remains threatened by unusually heavy rainfall. Days of heavy rain hit areas in the city's mountainous western outskirts especially hard, causing the collapse of 59,000 homes, damage to almost 150,000 others and flooding of more than 15,000 hectares (37,000 acres) of cropland, according to the city government. Scores of roads were damaged, along with more than 100 bridges, Xia Linmao, a Beijing vice mayor, said at a news conference on Wednesday. The casualty and damage numbers were current as of Tuesday, Xia said, adding that rescue efforts remained underway. Given the level of damage, it could take up to three years to restore full functions, Xia said. Other parts of China have also seen heavy flooding, partly from the impact of Typhoon Doksuri over the weekend, leaving dozens dead and missing. He

In China, it's already cheaper to buy electric vehicles than gasoline cars

Tesla's Model Y crossover SUV has comfortably outsold every competitor since Feb, while BYD Co.'s Dolphin hatchback has already overtaken established competitors just months after deliveries began

China suffers new blow as exports see biggest drop in three years

China's economic recovery this year was expected to be buoyed by strong domestic demand, but a housing market slump has hit construction while consumption growth is slowing

Our performance in World Uni Games will make every Indian proud: PM

Prime Minister Narendra Modi on Tuesday hailed India's improved show at the World University Games, saying it is a performance which will make every Indian proud. India ended their World University Games (WUG) campaign with their best-ever performance, winning a record haul of 26 medals, including 11 gold, in Chengdu, China. Modi tweeted, "A sporting performance that will make every Indian proud!... A salute to our incredible athletes who have brought glory to the nation and inspired upcoming sportspersons." He noted that at the 31st World University Games, Indian athletes returned with a record-breaking haul of 26 medals! "Our best performance ever, it includes 11 Golds, 5 Silvers, and 10 Bronzes," he said. India finished at seventh spot with 11 gold, 5 silver and 10 bronze, the best ever standing in the medal tally. This edition's haul is even more than the combined total of all the past WUG medals won by the country. India had won just 21 medals (6 gold, 6 silver and 9 bronze)

India seen as bright spot as China's gloom weighs on steel demand

"India is, I think, the shining light on the horizon," Thompson said. That marks a contrast with China, where the impact of recent stimulus measures are struggling to gain traction, he said

China's July exports tumble, add to pressure to shore up flagging economy

China's exports plunged by 14.5 per cent in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump. Exports fell to USD 281.8 billion as the decline widened from June's 12.4 per cent fall, customs data showed Tuesday. Imports tumbled 12.4 per cent from a year earlier to USD 201.2 billion in a sign of weak domestic demand, widening from the previous month's 6.8 per cent contraction. The country's global trade surplus narrowed by 20.4 per cent from a record high a year ago to USD 80.6 billion. Chinese leaders are trying to shore up business and consumer activity after a rebound following the end of anti-virus controls in December fizzled out earlier than expected. Economic growth sank to 0.8 per cent in the three months ending in June compared with the previous quarter, down from the January-March period's 2.2 per cent. That is the equivalent of 3.2 per cent annual growth, which would be among China's weakest in three ...