Page 226 - China

Elon Musk begins second day of China visit after emphasizing ties

Tesla wants to pursue a deal similar to one that Ford Motor Co. announced in February with CATL to construct a plant wholly owned by the US automaker

Possible Putin trip in spotlight as Russia, China ministers to meet in SA

The Russian and Chinese foreign ministers are expected to meet with their counterparts from the BRICS economic bloc in Cape Town on Thursday, a precursor to a larger summit of developing nations' leaders in South Africa in August that Russian President Vladimir Putin may attend while under indictment by the International Criminal Court. South Africa has suggested without saying explicitly that it won't arrest Putin, if he decides to travel for the main BRICS summit in Johannesburg, despite being obliged to do so as a signatory to the ICC's Rome treaty. BRICS is a bloc of emerging economies made up of Brazil, Russia, India, China and South Africa, and their leaders, including China's Xi Jinping, have been invited to the Aug. 22-24 summit. Any Putin trip and the Kremlin hasn't said if he will attend would focus more attention on South Africa's relationship with Moscow. There are clear concerns in the West that Africa's most developed economy is aligning with Russia and pulling other

Musk meets China's Qin Gang, calls for mutual respect in US-China relations

China's foreign minister met Tesla Ltd. CEO Elon Musk on Tuesday and said strained U.S.-Chinese relations require mutual respect, while delivering a message of reassurance that foreign companies are welcome. U.S.-Chinese relations are especially tense after Washington shot down a Chinese balloon believed to be gathering intelligence and warned Beijing against supplying arms to Russia for its war against Ukraine. The Wall Street Journal reported China has rejected a request for its defense minister to meet the U.S. defense secretary when both are in Singapore this weekend. We need to keep the steering wheel in the right direction of mutual respect, peaceful coexistence and win-win cooperation, Qin Gang told Musk, according to a ministry statement. The two sides should avoid dangerous driving,' Qin said. He gave no details of steps to improve relations. Musk's visit comes at a time when the ruling Communist Party is trying to revive investor interest in China's slowing economy. Fore

Chinese hospitality major H World Group sells stake in OYO for Rs 75 cr

Chinese hospitality major H World Group Ltd is understood to have sold 0.15 per cent stake of OYO for around Rs 75 crore, valuing the Indian hospitality and travel-tech firm at around USD 6.5 billion, according to sources. H World Group (HWG), which held 0.78 per cent shareholding in Oravel Stays Ltd that runs OYO, sold around one crore shares to a clutch of UAE-based family offices and institutional investors in a series of transactions, people in the know of the development said. The transactions, which were done in multiple tranches primarily over the course of 2022, have earned H World Group over Rs 75 crore, they said. "This implies a valuation of USD 6.5 billion for OYO," a person added. Following the transactions, the holding of NASDAQ-listed H World Group (HWG) has come down to 0.63 per cent, which is now valued at over Rs 300 crore. When contacted an OYO spokesperson declined to comment. HWG had acquired a stake in OYO in 2017 for USD 10 million at a reported valuation o

China successfully launches new manned spaceship with 1st civilian on board

China on Tuesday successfully sent three astronauts including its first civilian into orbit as it launched the Shenzhou-16 manned mission to its space station for its second crew rotation, signalling another leap forward for the country's ambitious space programme. The spaceship, atop a Long March-2F carrier rocket, blasted off from the Jiuquan Satellite Launch Centre in northwest China at 9:31 AM (Beijing Time), according to the China Manned Space Agency (CMSA). About 10 minutes after the launch, Shenzhou-16 separated from the rocket and entered its designated orbit. The crew members are in good shape and the launch is a complete success, the CMSA declared. Hours later the spaceship successfully docked with the space station's core module about 400km above the ground, the CMSA said. After that, it conducted a fast-automated rendezvous and docked with the radial port of its core module Tianhe. The astronaut trio aboard Shenzhou-16 will then enter the Tianhe module and the three ..

China launched new crew for space station, sending men to moon before 2030

China launched a new crew space station intending to put astronauts on the moon before the end of the decade. The crew will stay aboard the station for five months.

Uyghurs' treatment by China make headlines as they faces heavy surveillance

China has come under growing attention in recent years for how it treats both the Buddhist population in Tibet and the Muslim Uyghur community in Xinjiang

China to send astronauts to Moon by 2030 as space race intensifies

China on Monday announced plans to send a manned mission to the moon by 2030 for lunar scientific exploration, amid its deepening space race with the West. The announcement was made by Lin Xiqiang, Deputy Director of the China Manned Space Agency (CMSA), as China is preparing to send a third set of astronauts to its space station on Tuesday. Li told the media at the Jiuquan Satellite Launch Centre in Inner Mongolia ahead of the launch of the spacecraft that takes the three astronauts to the space station called Tiangong that China has recently initiated under the lunar landing phase of its manned lunar exploration programme. The overall goal is to achieve China's first manned landing on the moon by 2030 and carry out lunar scientific exploration and related technological experiments, he was quoted as saying by the state-run Xinhua news agency. China's manned lunar mission came as the US space agency NASA aims to send a second manned mission to the moon by 2025 to explore the south

China to send its first civilian to space on Tuesday, says space agency

China completed the construction of Tiangong, its third and permanent space station, last year

Why did this Chinese city name and shame debtors in a newspaper ad?

Wuhan's finance bureau says more than 250 entities owe the local government millions

Global EV market reaches 11 million units in 2022, China's BYD leads

The global electric vehicle (EV) market reached 11 million units last year with a penetration rate of 14 per cent, as more countries double down on electrification, connection, autonomous driving

China's domestically built passenger plane successfully makes maiden flight

China's first indigenously built passenger aircraft C919 on Sunday successfully completed its first commercial flight, marking its official entry into the civil aviation market as part of the country's bid to compete with Western rivals like Boeing and Airbus. The first commercial flight of C919 from the eastern metropolis of Shanghai to Beijing was operated by the state-run China Eastern Airlines. The plane carried 128 passengers on board. The flight time between Shanghai and Beijing was about two hours and twenty-five minutes, the state-run Xinhua news agency reported. The single-aisle, twin-engined aircraft has 164 seats. The plane was greeted with a water salute after touching down at Beijing Capital International Airport at 12:31 pm on Sunday, the report said. The water salute ceremony is performed as a symbol of respect and honour for the aircraft, its crew, and passengers. The C919 is China's first self-developed trunk jetliner in accordance with international airworthines

Taiwan tracks Chinese military aircraft, naval ships around the nation

Taiwan tracked eight Chinese military aircraft and 11 naval ships around the country between 6 am on Saturday (May 27) and 6 am on Sunday (May 28), Taiwan News reported.

China's first domestically built plane successfully makes commercial flight

China's first indigenously built passenger aircraft C919 on Sunday successfully completed its first commercial flight, marking its official entry into the civil aviation market as part of the country's effort to compete with Western rivals like Boeing and Airbus. The first commercial flight of C919 from Shanghai to Beijing is carried out by the state-run China Eastern Airlines. The plane carried 128 passengers on board. The flight time between Shanghai and Beijing was about two hours and twenty-five minutes, the state-run Xinhua news agency reported. The plane was greeted with a water salute after touching down at Beijing Capital International Airport at 12:31 pm on Sunday, the report said. The water salute ceremony is performed as a symbol of respect and honour for the aircraft, its crew, and passengers. The C919 is China's first self-developed trunk jetliner in accordance with international airworthiness standards and owns independent intellectual property rights. The C919 is .

China PC market suffers 24% decline YoY, shipping only 8.9 mn units

The PC (desktop, notebook and workstation) shipments to mainland China posted a 24 per cent year-on-year decline in the first quarter, Lenovo leads

India facing 'very complicated challenge' from China, says S Jaishankar

External Affairs Minister S Jaishankar has said India faces a "very complicated challenge" from China, and the Narendra Modi government has taken steps to ensure no attempts are made to change the status quo in the border areas unilaterally. This challenge was "very visible" in border areas in the last three years, Jaishankar said on Saturday, adding that both the countries have to find an equilibrium in relationship, but it cannot be on the terms of the other party. If peace and tranquillity between the two nations is disturbed, their relationship will not remain unaffected, the minister said, delivering a talk on 'Modi's India: A Rising Power' at the Anant National University here. "When I talk about big powers, of course we have a particular challenge from China. That challenge is a very complicated challenge, but in the last three years it has been particularly visible in the border areas," Jaishankar said, apparently referring to China's incursions in eastern Ladakh. "There ar

IMF urges crisis-hit Sri Lanka to decide on debt restructuring: Report

China's role as Sri Lanka's main creditor has drawn global attention, as the delay caused by China in obtaining the IMF bailout is being closely monitored and questioned

US: Chinese agents paid bribes in plot to disrupt Falun Gong movement

US authorities have arrested two suspected Chinese government agents in connection with an alleged plot by Beijing to disrupt and ultimately topple the exiled anti-communist Falun Gong spiritual movement. John Chen and Lin Feng were charged in an indictment unsealed Friday with scheming to revoke a New York-based Falun Gong organization's tax-exempt status and paying bribes to a undercover officer posing as a US tax agent. The undercover officer recorded multiple conversations with Chen, and investigators obtained a wire tap to record phone calls in which Chen and Feng discussed instructions they purportedly received from Chinese government officials, prosecutors said. In one recording, prosecutors said, Chen referred to Chinese government officials as akin to blood brothers" and, in another, he said Beijing would be very generous in rewarding the undercover officer's help cracking down on Falun Gong's non-profit status. Chen, a 70-year-old U.S. citizen, and Feng, a 43-year-old law

China braces for next wave of Covid-19 infections, peak in June: Report

According to NTD, it is predicted that over 60 million will catch the infection per week when the wave hits and noted that the authorities are preparing vaccines

US Navy hit by Chinese state-sponsored hacking campaign: Official

The US Navy didn't respond for comment. China denied the hacking accusations