Page 210 - China

Morgan Stanley upgrades India's rating to overweight, downgrades China

The brokerage firm added that it expects Sensex to reach 68,500 by the end of December this year

Morgan Stanley cuts rating on China stocks, asks investors to take profits

Chinese assets have gotten a boost in recent days amid a slew of promises from Beijing to spur growth and revitalise the nation's flagging private sector

In India, it's advantage Tesla as Chinese automakers face scrutiny

Those talks continued over the past week with Tesla discussing minute details of its plans to gain access to India's fast-growing EV market, and Modi personally tracking developments, sources say

PM Modi unlikely to travel to South Africa for Brics, to attend virtually

China and Russia are keen to discuss expansion of BRICS at the summit, while India has reservations about that idea

Chinese carmaker BYD faces investigation for underpaying tax in India: Rpt

India's Directorate of Revenue Intelligence (DRI) has alleged that China's largest electric vehicle (EV) maker, underpaid tax of Rs 73 crore ($9 million)

Floods around Chinese capital kill at least 20, leave 27 missing: Report

Torrential rain in areas around China's capital, Beijing, killed at least 20 people and left 27 missing, the government reported Tuesday, as flooding destroyed roads, uprooted trees and knocked out power. Thousands of people were evacuated to shelters in schools and other public buildings in suburban Beijing and in the nearby cities of Tianjin and Zhuozhou. The severity of the flooding took the Chinese capital by surprise. Beijing usually has dry summers but had a stretch of record-breaking heat this year. Other areas, especially China's south, have suffered unusually severe summer flooding that caused scores of deaths. Other parts of the country are struggling with drought. Muddy water surging down streets washed away cars in the Mentougou district on Beijing's western edge. The cars parked on the street floated and got washed away," said a resident, Liu Shuanbao. "A couple of cars parked behind my apartment building disappeared in just one minute. Emergency workers used bulldoz

China will always stand firmly with Pakistan: Xi hails role of CPEC

President Xi Jinping has sought to project an upbeat picture of the impact of the CPEC projects in Pakistan, saying the China-funded venture is a vivid testament to their "ironclad friendship" and vowed to stand firmly with its all-weather ally. China will continue to work with Pakistan to take their strategic ties to new heights, Xi said as the two countries celebrated the 10th anniversary of the launch of the ambitious CPEC infrastructure projects in Islamabad, a day after a major suicide bombing took place in the restive Khyber Pakhtunkhwa province. In his congratulatory message to the 'Decade of China-Pakistan Economic Corridor' (CPEC) celebrations event held in Islamabad on Monday, Xi said the USD 60 billion CPEC infrastructure programme is an "important pioneering project" of the Belt and Road Initiative (BRI). The CPEC, which connects Gwadar Port in Pakistan's Balochistan with China's Xinjiang province, is opposed by India as it is being laid through Pakistan-occupied ...

China to work with Pakistan to build CPEC into 'exemplary project': Xi

Stressing that China and Pak will continue to improve overall planning, Xi said no matter how the international landscape may change, China will always stand firmly with Pakistan.

China's manufacturing contracts in July dragging down Asia factories

The Caixin manufacturing purchasing managers index declined to a six-month low of 49.2 in July from 50.5 in June, below the key 50 level that marks a contraction, a private survey showed

Flooding in Beijing highlights climate change's impact on rainfall

So far this year, rain-induced flooding has hit regions that include India, the Philippines and California and Vermont in the US

4 dead, tens of thousands evacuated, millions under 'red alert' in China

Areas including central and southern Beijing and northern Tianjin recorded 20-80 millimeters of rainfall on Monday morning

US, Europe growing alarmed by China's rush into legacy semiconductors

President Joe Biden implemented broad controls over China's ability to secure the kind of advanced chips that power artificial-intelligence models and military applications

China factory activity shrinks in July, adds to pressure to reverse slump

Chinese factory activity contracted in July as export orders shrank, a survey showed Monday, adding to pressure on the ruling Communist Party to reverse an economic slowdown. A purchasing managers' index issued by the national statistics agency and an industry group improved to 49.3 from June's 49 on a 100-point scale but was below the 50-point level that shows activity contracting. China's manufacturing PMI remained in contraction, albeit a softer pace, as the drag from the external sector deepened, Erin Xin of HSBC said in a report. That puts more pressure on Beijing to support growth through both fiscal and monetary measures. Chinese leaders are trying to revive economic activity by promising to support entrepreneurs who generate jobs and wealth. But they have yet to give details possible tax cuts or spending and have avoided announcing a large-scale stimulus. Demand for Chinese exports weakened after U.S. and European interest rates were raised to cool record-breaking inflation

China's He Lifeng arrives in Pak to celebrate 10th anniversary of CPEC

Chinese Vice Premier He Lifeng on Sunday arrived here to attend a ceremony marking 10 years of the ambitious multi-billion dollar China-Pakistan Economic Corridor (CPEC) project. He, who is a member of the Politburo of the Central Committee of the Communist Party of China, during his visit from July 30 to August 1 will hold meetings with Prime Minister Shehbaz Sharif and President Arif Alvi. He was received by Interior Minister Rana Sanaullah and Planning Minister Ahsan Iqbal upon arrival here, ARY News reported. A statement issued by the Foreign Office (FO) earlier on Saturday said the Chinese vice premier, who is on a three-day visit to Pakistan at the federal government's invitation, played a prominent role in China's international economic relations and implementation of the Belt and Road Initiative, of which CPEC is a flagship project. As the Chairman of the National Development and Reform Commission, he also was instrumental in the planning and execution of multiple CPEC ...

US military aid to Taiwan will not deter its will to unify island: China

China accused the United States of turning Taiwan into an ammunition depot after the White House announced a $345 million military aid package for Taipei, and the self-ruled island said Sunday it tracked six Chinese navy ships in waters off its shores. China's Taiwan Affairs Office issued a statement late Saturday opposing the military aid to Taiwan, which China claims as its own territory. No matter how much of the ordinary people's taxpayer money the ... Taiwanese separatist forces spend, no matter how many U.S. weapons, it will not shake our resolve to solve the Taiwan problem. Or shake our firm will to realize the reunification of our motherland, said Chen Binhua, a spokesperson for the Taiwan Affairs Office. Their actions are turning Taiwan into a powder keg and ammunition depot, aggravating the threat of war in the Taiwan Strait," the statement said. China's People's Liberation Army has increased its military maneuvers in recent years aimed at Taiwan, sending fighter jets and

China's Vice Premier to visit Pak, attend 10th anniversary of CPEC

Chinese Vice Premier He Lifeng will arrive here on Sunday on a three-day visit to participate in the 10th anniversary celebrations of the ambitious multi-billion dollar China-Pakistan Economic Corridor (CPEC), the foreign office said on Saturday. The Vice Premier, who is a member of the Politburo of the Central Committee of the Communist Party, will visit Islamabad from July 30 to August 1 at the invitation of Pakistan, the statement from the FO said. Vice Premier He will attend the 10th-anniversary celebrations of CPEC and call on the President and the Prime Minister, FO said, adding that He will also be the chief guest at an event celebrating the decade of the CPEC. The CPEC is a collection of infrastructure and other projects under construction throughout Pakistan since 2013. The CPEC, which connects Gwadar Port in Pakistan's Balochistan with China's Xinjiang province, is the flagship project of China's ambitious multi-billion-dollar Belt and Road Initiative (BRI). India has ..

US to expand military footprint in Australia to counter China's dominance

The two countries also announced plans to further cooperate on space issues as well as step up integration of Japan into military planning

US will support allies as they resist China's 'bullying': Pentagon chief

Senior US officials have visited China recently, including Blinken and Treasury Secretary Janet Yellen, in an effort to improve relations between the two nations and prevent a conflict

BYD tells India partner it wants to drop $1 bn EV investment plan: Reports

BYD and its partner, privately held Megha Engineering and Infrastructures submitted a proposal to the Indian govt in April to jointly build electric cars in India, Reuters reported earlier this month

India, Brazil push back against China's bid to rapidly expand BRICS

Dozens of other nations are also clamoring to join the alliance, fueling western concerns the group is moving to become a counterweight to Washington and the European Union