Page 216 - China

Nine people missing in China landslide sparked by heavy rains amid flooding

Nine people are missing in central China after a landslide sparked by heavy rains amid flooding and searing temperatures across much of the country, authorities said Sunday. Five people were rescued from under the rubble at a highway construction site in the central province of Hubei, where the accident occurred on Saturday. Crews were still excavating in hopes of finding more survivors. Tens of thousands of people have been moved to shelters amid heavy flooding in northern, central and southeastern China. Seasonal flooding is a regular occurrence in China, but this year's rising waters have been accompanied by unusually prolonged stretches of high temperatures. With its more than 9 million square kilometres (4 million square miles) of land area, China is being hit simultaneously this summer by heatwaves, flooding and drought. Cities have opened their air raid shelters to offer residents relief from the heat. Earlier this week, Beijing reported more than nine straight days with ..

Excess of made-in-China plastic likely to dent oil's growth machine

The construction of more than 20 petrochemical projects - to produce raw materials that go into making everything from plastic packaging to clothing and detergents

China want to contact me: Dalai Lama open to talks over Tibet problem

The Dalai Lama made the remarks while to speaking to reporters in Dharamshala before embarking on a visit to Delhi and Ladakh

China looms large as Asian leaders seek to enhance ties with NATO

Japan PM will use opportunity to stress the need for relations between Japan and the North Atlantic Treaty Organization to be stronger, Chief Cabinet Secretary Hirokazu Matsuno said

Jack Ma-backed Ant to buy back shares at 70% lower valuation than at IPO

The limited partners also committed to retaining the two dividends in 2022 with Hangzhou Junhan and Hangzhou Junao to enhance the operation's capital strength

Why China may not challenge Western strategic dominance anytime soon

While the earlier facile assumption of China becoming a larger economy than the US may need revision, a re-balancing of global power seems more likely than a substantial power shift, notes T N Ninan

China's forex reserves rise by $16.49 billion to $3.193 trillion in June

The yuan fell 2% against the dollar in June, while the dollar last month fell 1.2% against a basket of other major currencies

Janet Yellen criticises Chinese treatment of US companies during visit

Treasury Secretary Janet Yellen criticised Chinese treatment of US companies and new export controls on metals used in semiconductors during a visit on Friday to Beijing to try to revive strained relations. Talking with a group of businesspeople, Yellen defended US controls on technology exports that irk Beijing, saying they are necessary for national security. She rejected suggestions Washington is trying to decouple, or separate the US economy from China's. "The US seeks healthy economic competition with China," Yellen said, according to a transcript released by her department. I am communicating the concerns that I've heard from the US business community including China's use of non-market tools like expanded subsidies for its state-owned enterprises and domestic firms, and barriers to market access for foreign firms, Yellen said. US-Chinese relations are at their lowest level in decades due to disputes over technology, security, Beijing's military expansion and other ...

Yellen's visit to Beijing aims to heal rifts in China-US relationship

Treasury Secretary Janet Yellen is visiting Beijing as part of efforts to revive US-Chinese relations that are at their lowest level in decades due to disputes over technology, security and other irritants. Presidents Joe Biden and Xi Jinping met in November and agreed to improve relations between the world's biggest economies and major trading partners. But neither government has shown willingness to make major policy changes. We hope the United States takes concrete actions to create a favourable environment for the healthy development of economic and trade relations, the Chinese finance ministry said in a statement on Friday. It expressed hope for the realisation of mutual benefit and win-win results but did not suggest possible Chinese concessions. Yellen's visit follows one by Secretary of State Antony Blinken, who met with Xi last month in Beijing in an encounter that lasted just 30 minutes. Here's a look at some areas of contention. POLITICAL RELATIONS US-Chinese relation

China to end Ant Group's regulatory revamp with fine of $1.1 bn: Report

The People's Bank of China (PBOC), which has been driving the revamp at Ant after its $37 billion IPO was scuttled in late 2020, is expected to disclose the fine in the coming days

How Chinese scientists are trying to shield melting glaciers from the Sun

As they trekked upwards, oxygen canisters tucked into their fleece jackets, porters walked alongside carrying thick rolls of white fabric

Disney star and pop singer Coco Lee dies at 48 after attempting suicide

Chinese American pop singer Coco Lee dies at the age of 48 after attempting suicide on Sunday. She was the first Chinese American to sing at Oscars

US Treasury Secretary Janet Yellen visits China to sooth strained relations

Treasury Secretary Janet Yellen arrived in Beijing on Thursday for meetings with Chinese leaders as part of efforts to revive relations that are strained by disputes about security, technology and other irritants. Yellen planned to focus on stabilizing the global economy and challenging Chinese support of Russia during its invasion of Ukraine, Treasury officials in Washington told reporters ahead of the trip. The secretary was due to meet with Chinese officials, American businesspeople and members of the public, according to Treasury officials. They gave no details, but said Yellen wouldn't meet Chinese leader Xi Jinping. Yellen follows Secretary of State Antony Blinken, who met Xi last month in the highest-level US visit to Beijing in five years. The two agreed to stabilise relations but failed to agree on improving communications between their militaries. Yellen earlier warned against economic decoupling, or disconnecting US and Chinese industry and markets. Businesspeople have .

China releases its first open-source computer operating system OpenKylin

Developing an operating system independent of U.S. technology has been an important goal for China's tech industry in recent years

Beijing orders outdoor work to be halted as scorching summer heat soars

Employers in Beijing were ordered on Thursday by the government to stop outdoor work after scorching summer heat in the Chinese capital was forecast to reach 40 degrees centigrade (104 Fahrenheit). Government departments were ordered to ensure the elderly and ill could stay cool after the city of 22 million people issued a red alert, the highest level of a warning system for extreme temperatures. The government reported on Monday that Beijing recorded 10 days of temperatures above 35 C (95 F), the longest streak of its kind since 1961. Relevant departments and units shall take emergency measures for heatstroke prevention and cooling, said a city government notice. It told employers to stop outdoor operations. At the same time, flooding has forced thousands of people to flee their homes in southern China. The government on Wednesday issued an alert for possible flash flooding in Inner Mongolia in the north, Heilongjiang in the northeast and Tibet and Sichuan in the southwest.

Russian navy ships visit Shanghai as countries reaffirm military ties

A pair of Russia navy ships are visiting China as the countries reaffirm their military ties amid Russia's war in Ukraine. The Cold War-era frigates Gromkiy and Otlichnyy arrived in the financial hub of Shanghai, China's largest city and biggest port, on Wednesday for a seven-day visit. Following the port call, the ships will conduct joint drills with their Chinese counterparts focusing on ship-to-ship communications, maneuvering in formation and maritime search and rescue, state television's military channel reported Thursday. The visit follows a meeting Monday in Beijing between China's defense minister and the head of Russia's navy, the first formal military talks between the friendly neighbors since a short-lived mutiny by the Russian mercenary group Wagner. China has reassured Russia of its continued support since the uprising, and Minister of National Defense Li Shangfu told Russian Adm. Nikolai Yevmenov that China hoped for increased exchanges, joint exercises and other form

Xi Jinping's metal curbs risk backfiring as G-7 seeks alternative to China

The new export licensing system highlighted China's dominant position in global production of gallium and germanium, which are used to make chips, electric cars and telecommunications equipment

Chinese mining company opens $300 mn lithium processing plant in Zimbabwe

A Chinese mining company formally opened a USD 300 million lithium processing plant Wednesday in Zimbabwe, which has one of the world's largest reserves of the metal as demand surges globally because of its use in electric car batteries. Zimbabwe has the largest lithium reserves in Africa and has in recent years drawn investors in battery minerals from Canada, the United Kingdom and Australia, although China is the dominant player. The plant opened by Prospect Lithium Zimbabwe, an arm of Chinese company Zhejiang Huayou Cobalt, has a capacity to process 4.5 million metric tons of hard rock lithium into concentrate for export per year, Zimbabwe President Emmerson Mnangagwa said. Mnangagwa was present for the official opening of the sprawling plant in Goromonzi, about 80 kilometres (50 miles) southeast of Zimbabwe's capital, Harare. Lithium is the mineral of the present and the future ... and value addition will position our country as an emerging and competitive player in the global

India increases credit lending to Africa, in race to counter China

Forty two African nations received about $12 billion or 38% of all credit extended by India in the last decade

Yellen's China visit seeks to usher in more discussions amid tensions

It will be the first major test of a policy she outlined in April that's geared toward defending and securing US national security without trying to hold China back economically