Page 229 - China

Import of PCs, medical devices, solar cells from China falls in FY23: GTRI

India's imports of electronic goods such as laptops, personal computers (PCs), integrated circuits and solar cells from China declined during 2022-23, according to a report by economic think tank GTRI. The fall in imports is notable in electronic items where the PLI (production linked incentive) scheme is operational, the report by Global Trade Research Initiative (GTRI) said. Import of medical equipment declined 13.6 per cent to USD 2.2 billion last fiscal year as compared to 2021-22. Similarly, import of solar cells, parts, diodes slumped 70.9 per cent to USD 1.9 billion in 2022-23. The report stated that import of laptops, PCs slipped 23.1 per cent to USD 4.1 billion and that of mobile phones came down by 4.1 per cent to USD 857 million in last financial year as compared to 2021-22. Inbound shipments of integrated circuits contracted by 4.5 per cent to USD 4.7 billion. Import of urea and other fertilizers declined 26 per cent to USD 2.3 billion in 2022-23. However, import of .

S Korea, Japan use G-7 to push improvement in ties long marked by animosity

Amid the high-level efforts to deal with a raft of global emergencies, this weekend's Group of 7 summit of rich democracies will also see an unusual diplomatic reconciliation as the leaders of Japan and South Korea look to continue mending ties that have been marked for years by animosity and bickering. At first glance the two neighbours would seem to be natural partners. They are powerful, advanced democracies and staunch US allies in a region beset with autocratic threats. The continuing fallout, however, from centuries of complicated, acrimonious history, culminating in the brutal 1910-1945 Japanese colonization of the Korean Peninsula, has resulted in more wariness than friendship. A big part of the sudden recent shift in tone is a shared focus on China's growing aggressiveness, t he threat of North Korea's fast-improving arsenal of nuclear-capable missiles and deep worry about how Russia's war in Ukraine is influencing both issues. Some diplomatic nudging by Washington, which

Have communicated with China: Pentagon on stopping weapons supply to Russia

However, Pentagon does not have any indications that China has provided lethal assistance to Russia

With resilient growth in India, Asia-Pacific remains dynamic region: IMF

Pacific is projected to increase this year to 4.6 per cent, up from 3.8 per cent in 2022. As a result, the region would contribute around 70 per cent to global growth

China launches projects to build 'new-era' marriage, childbearing culture

China implemented a rigid one-child policy from 1980 until 2015 - the root of many of its demographic challenges. The limit has since been raised to three children

Guest nations at G-7 worries over China's threats to Taiwan, Russia's war

This week's summit of the Group of Seven wealthy democracies in Hiroshima will include eight other guest nations, part of a complicated, high-stakes diplomatic gambit meant to settle the world's most serious crises. Japanese Prime Minister Fumio Kishida has invited South Korea, Australia, India, Brazil, Vietnam, Indonesia, Comoros and the Cook Islands. Kishida hopes this mix of countries will help efforts to stand up to China's assertiveness and Russia's invasion of Ukraine, according to analysts. He also wants stronger ties with US allies and with developing nations and to make progress on working toward a nuclear-free world, something that looks increasingly difficult amid North Korean and Russian nuclear threats. Here's a look at what to expect as the rich world leaders welcome these guest countries: PUSHBACK ON CHINA, RUSSIA As their top diplomats did last month in a meeting in Nagano, Japan, the leaders of the G-7 nations -- the United States, Japan, the United Kingdom, Franc

China opens new channel giving access to $3 trn swap market with Hong Kong

China has set a 20 billion yuan ($2.9 billion) daily limit for net trading under Swap Connect, and instruments eligible include swaps referencing the seven-day fixing repurchase rate

Anger and dissatisfaction among working population in China: Report

An undercurrent of dissatisfaction and anger is being witnessed among the working population of China

As global recession looms, China unlikely to rescue economy again: Report

As rest of world teeters on the brink of recession, last thing Western policymakers want is for China, biggest driver of global economic growth since 2008 financial crisis, to have a lopsided recovery

China, Russia increasing military collaboration, Japanese minister warns

Japanese Foreign Minister Yoshimasa Hayashi expressed concern on Saturday about Russian and Chinese military cooperation in Asia and said the security situation in Europe could not be separated from that in the Indo-Pacific region since Moscow's full-scale invasion of Ukraine. Speaking at a meeting of European and Indo-Pacific foreign ministers in Sweden, Hayashi said Russia's war in Ukraine had shaken the very foundation of the international order and must face a united response by the international community. Otherwise, similar challenges will arise in other regions and the existing order which has underpinned our peace and prosperity could be fundamentally overturned, Hayashi said. Japan firmly backs Ukraine in the war but China says it remains neutral while declaring a no limits relationship with Moscow and blaming the US and NATO for provoking the conflict. Japanese Prime Minister Fumio Kishida visited the Ukrainian capital, Kyiv, in March at the same time as Chinese President

Kishida, counterparts from G-7 to issue statement on economic coercion

Prime Minister of Japan Fumio Kishida and his counterparts from the Group of Seven (G7) leading democracies are seeking to issue a separate statement with language opposing economic coercion

Beijing had access to app data: Fired ByteDance executive in law suit

A former executive fired from TikTok's parent company ByteDance made a raft of accusations against the tech giant Friday, including that it stole content from competitors like Instagram and Snapchat, and served as a "propaganda tool" for the Chinese government by suppressing or promoting content favourable to the country's interests. The allegations were made in a complaint Friday by Yintao Yu, the head of engineering for ByteDance's US operations from August 2017 to November 2018, as part of a wrongful termination lawsuit filed earlier this month in San Francisco Superior Court. Yu claims he was fired for disclosing "wrongful conduct" he saw at the company. In the complaint, Yu alleges the Chinese government monitored ByteDance's work from within its Beijing headquarters and provided guidance on advancing "core communist values." Yu said government officials had the ability to turn off the Chinese version of ByteDance's apps, and maintained access to all company data, including ...

China's policy-making scaring away foreign investors that its cities want

Local officials are cold calling foreign entrepreneurs and bringing roadshows overseas as they seek to bolster coffers depleted by years of pandemic spending and a cratering property market

China to send special envoy to Ukraine, Russia as part of peace efforts

China is sending a special envoy to Ukraine and Russia starting next week in an effort to help reach a political settlement of the Ukrainian crisis, its Foreign Ministry said Friday. Li Hui, who is China's special representative for Eurasian affairs and a former ambassador to Moscow, will also visit Poland, France and Germany, Foreign Ministry spokesperson Wang Wenbin said. China says it remains neutral over Russia's war in Ukraine but has declared it has a no limits relationship with Moscow and blames the US and NATO for provoking the conflict. Beijing has put forward a peace plan for Ukraine that has been largely dismissed by the country's supporters, who say a resolution can only come when Russia ceases its attacks and withdraws its troops from Ukrainian territory. Chinese leader Xi Jinping spoke by phone with Ukrainian President Volodymyr Zelenskyy last month, setting the stage for the diplomatic push. The visit of the Chinese representative to relevant countries expresses Chi

US wants to 'move beyond' spy balloon: Jake Sullivan to Chinese diplomat

White House national security adviser Jake Sullivan told senior Chinese foreign policy adviser Wang Yi during talks in Vienna this week that the Biden administration is looking to move beyond tensions spurred by the US shooting down a Chinese spy balloon that traversed the continental United States, according to a senior Biden administration official. The meeting was not publicised by Washington or Beijing ahead of the high-level talks on Wednesday and Thursday in the Austrian capital. The White House described the wide-ranging discussions, in which the two leaders spent more than eight hours together, as candid and constructive." The administration official, who briefed reporters on condition of anonymity to discuss the private meeting, said that both sides recognise that the February incident was unfortunate" and are now looking to reestablish standard, normal channels of communications. The talks are the latest in a series of small signs that tensions could be easing between the

Tesla recalls 1.1 million electric cars from China over braking defect

Some 1.1 million electric cars that Tesla made at its Shanghai factory or imported into China between January 2019 and April this year will need to be fixed

Sterling trims drop after BoE hike, China's data sends dollar higher

The BoE raised its key interest rate by a quarter of a percentage point to 4.5% on Thursday as expected by a Reuters poll, taking borrowing costs to their highest since 2008

China's slow consumer inflation, deepening deflation to test policy

The consumer price index (CPI) in April rose 0.1% year-on-year, the lowest rate since February 2021, and cooling from the 0.7% annual gain seen in March, the National Bureau of Statistics (NBS) said

Antony Blinken expresses concern over China collecting DNA of Tibetans

US Secretary of State Antony Blinken has publicly expressed concerns over reports of China gathering DNA from Tibetans, making him the senior-most American official to raise the issue to date

China objects India's proposal to blacklist JeM leader Abdul Rauf Azhar

China has objected to a proposal by India to blacklist senior Jaish-e Mohammed (JEM) terrorist Abdul Rauf Azhar at the United Nations. It is learnt that China objected to the proposal from India to add the leader of a Pakistan-based terror organisation to the UN Security Council's 1267 ISIL and Al Qaida Sanctions list. Rauf Azhar, born in 1974 in Pakistan, had been sanctioned by the US in December 2010. In August last year, China put a hold on the proposal by India and the US to designate Rauf Azhar as a global terrorist and subject him to an assets freeze, travel ban and arms embargo. The US Department of Treasury had in December 2010 designated Abdul Rauf Azhar, a senior leader of Jaish-e Mohammed (JEM), for acting for or on behalf of JEM".