Page 23 - China

Asia braces for LNG shock as Strait of Hormuz blockade chokes supply

With a cutoff in shipments imminent, Asian countries, the biggest importers of liquefied natural gas from the West Asia, are already burning more coal and reducing consumption

China's factory growth hits 1-year high in March despite war risks

The sub-indexes for output and new orders both rose above 51 from below 50 the previous month, while that for new export orders improved to 49.1 from 45 in February

Chinese cargoes signal fuel relief for Asian neighbours despite curbs

China, a major Asian fuel exporter, halted overseas oil product sales, forcing refiners to cancel or renegotiate shipments to prioritise domestic supply

BYD sees EV exports beating target by 15% as overseas demand drives growth

BYD's optimistic export outlook follows disappointing results, including the company's first annual drop in profit in four years even as it toppled Tesla Inc. as the world's top-selling EV maker

China resumes direct flights to North Korea after 6 yrs; trains restart too

China's flag carrier resumed direct flights between Beijing and North Korea's capital of Pyongyang on Monday not long after the restoration of passenger train services between the capitals. The Air China flight was welcomed by the Chinese ambassador to North Korea, Wang Yajun, and other diplomats, according to Chinese state media. Passenger train service from China to North Korea had resumed March 12. Flights and passenger trains to North Korea had been suspended since the beginning of the COVID-19 pandemic in 2020. North Korean carrier Air Koryo resumed flights between the capitals in 2023. North Korea banned all foreign tourists during the pandemic but has started easing the restrictions, with a Russian tour group entering the country in 2024. Chinese tour groups had made up 90 per cent of all visitors to North Korea prior to the ban, and the delay on resuming Chinese tours surprised observers. China is Pyongyang's biggest trading partner and major ally, but Beijing has expres

Govt eases curbs, lets state-run firms import critical equipment from China

Under the relaxation of the rules, India's largest state-run power equipment maker Bharat Heavy Electricals can procure 21 types of critical equipment from China

DeepSeek down for 7 hours in biggest outage since debut, services restored

The extended downtime is unusual for a globally used app like DeepSeek, which has for over a year carried the mantle of China's breakthrough artificial intelligence service

How China's subsidy rollback has hit EV unicorn BYD's annual profits

Withdrawal of state support and an intensifying price war are squeezing BYD's margins and sales, forcing the EV major to rely on exports to sustain growth

'China, India share far more common interests than differences': Chinese FM

Chinese Foreign Minister Wang Yi made these remarks after meeting outgoing Indian Ambassador to China Pradeep Kumar Rawat in Beijing

China probes US trade practices in response to Trump tariff moves

China launched two investigations into US trade practices on Friday, signalling its resolve to push back against President Donald Trump's tariffs ahead of his visit in May. The Commerce Ministry said the new probes are a response to two investigations announced by Trump earlier this month against multiple countries, including China. A ministry statement said the two Chinese investigations were launched to safeguard the interests of relevant Chinese industries and expressed "firm opposition" to the American probes. One will examine US policies that restrict Chinese goods from entering the United States and that limit US export of advanced technology products to China. The other is focused on barriers to Chinese green energy exports. The probes are expected to take six months and could be extended for another three months if necessary, the ministry said. The Chinese investigations are the latest volley in a long-running trade war and could be bargaining chips to counter any possible

Govt relaxes rules for some state firms to procure key equipment from China

Under the relaxation of the rules, India's largest state-run power equipment maker Bharat Heavy Electricals can procure 21 types of critical equipment from China, the government order said

Piyush Goyal meets Chinese Commerce Minister Wang Wentao; discusses trade

Commerce and Industry Minister Piyush Goyal on Friday held a meeting with his Chinese counterpart Wang Wentao and discussed trade-related issues. The bilateral meeting was held on the sidelines of the 14th ministerial conference (MC14) in Yaounde, Cameroon. "Met Mr. Wang Wentao, Minister of Commerce of China, on the sidelines of the #WTOMC14. Exchanged views on the MC-14 agenda and discussed bilateral trade matters," Goyal said on a social media post. The meeting is important as India's trade deficit with China crossed USD 100 billion during the 11-month period of this fiscal year. During April-February 2025-26, the country's exports to China increased 37.66 per cent to USD 17.54 billion, while imports rose 15.21 per cent to USD 119.55 billion. Trade deficit has widened to USD 102.01 billion from USD 91.03 billion in April-February 2024-25.

US worried by rise in 'foreigner butchering' scams being run from China

The US-China Economic and Security Review Commission said recent crackdowns on scam centers had seen Chinese criminals return home to start smaller-scale operations targeting only foreigners

South Korean PM cancels China visit as energy concerns mount amid Iran war

The last-minute cancellation comes as the effective closure of the Strait of Hormuz is piling pressure on Washington and on major importers of oil, gas and fuels from the Persian Gulf

China to recoup 2% share in Indian FDI after Press Note 3 changes: Report

The amendments to the 'Press Note 3' by the government will help China increase its share in the overall foreign direct investments attracted by India to 2 per cent levels, a report said on Monday. "The change in the rule is expected to increase the share of Chinese funds in overall FDI to more than 2 per cent, the level it stood at before the Press Note 3," the report by Crisil Intelligence said. Between calendar years 2014 and 2019, cumulative FDI inflows from China, including Hong Kong, accounted for about 2 per cent of total FDI, which contracted to 0.27 per cent after the introduction of new rules in Press Note 3. Easing of Press Note 3 norms is expected to unlock a pipeline of pending proposals, potentially driving a near-term uptick in inflows from China, including Hong Kong, it said. The entity expects the government move to accelerate FDI inflows into India, strengthening its domestic capabilities and reducing reliance on imports. The government first introduced the rules

DGTR recommends anti-dumping duty on rayon yarn imports from China

DGTR recommended anti-dumping duties on viscose rayon filament yarn above 75 deniers imported from China, a type of man-made fibre widely used ‌in textiles

China's state refiners explore Iranian oil after US sanctions waiver

Limited relief opens door to new buyers amid global supply crunch

India, China bear brunt of Trump admin's tougher visa policies: Report

India and China bore the maximum brunt of tougher immigration policy unveiled by the Trump administration which issued 2.5 lakh fewer visas in the first eight months of 2025 compared with the same period in 2024, according to a media report. From January to August 2025, the State Department approved 11 per cent fewer permanent resident and temporary visas compared with the same period a year before, according to State Department data released in early March. These visas are generally issued for students, workers, and family members of citizens and legal residents. The 11 per cent drop doesn't include tourist visas, which also fell during the same period, the Washington Post reported on Sunday. According to the report, visas for Chinese and Indian nationals fell by about 84,000 compared with the same period in 2024, largely reflecting a drop-off in international students and workers from those countries. Business and tourism visas declined by about 3.4 per cent in the first eight

China vows more open economy, national treatment for foreign companies

China will focus on promoting high-quality development and continue to create a favourable business environment so that companies coming to China can develop with confidence and achieve great success

Apple CEO praises Chinese developers, partners amid Beijing's pressure

Cook, speaking at the China Development Forum in Beijing on Sunday, praised the innovations of Chinese developers and the automation at the country's manufacturing facilities