Page 230 - China

India's growth cannot be built on Chinese efficiency, says Jaishankar

Indian economic growth cannot be built on Chinese efficiency and there is a need for businesses to stop looking for a "China fix", External Affairs Minister S Jaishankar said on Wednesday while strongly calling for boosting the domestic manufacturing sector. In an address at a book release event, Jaishankar said no major country in the world has sustained or enhanced its global position without building up on manufacturing and India too needs to focus on this. The external affairs minister also said that India should not allow a level-playing field for others who subsidise their production and that it must not let "other businesses" enjoy advantages in the country at the expense of "our own". Jaishankar was speaking at the launch of 'Made In India: 75 Years Of Business and Enterprise' authored by G20 Sherpa Amitabh Kant. The minister said the government gives priority to building deep manufacturing supply chains and noted that he sees 'Make in India' not just as an economic or ...

Volkswagen's annual meeting hit by protests over climate strategy, China

While weathering criticism over its China presence, VW is dealing with the pressing task of stemming a slide in market share in its biggest market

China's focus on industrialisation fueled growth, but at cost of citizen

China's focus on industrialisation helped it achieve rapid growth, but it has cost its citizen their lives, as numerous people are dying in the country due to air pollution, Just Earth news reported

No intention of benefiting from war in Ukraine: China Foreign Minister

China's foreign minister said Tuesday that his country has no intention of benefiting from the war in Ukraine and hopes for further discussions on a peace plan Beijing proposed earlier this year. Speaking after a meeting with his German counterpart in Berlin, Foreign Minister Qin Gang noted the recent talks the government in Beijing had with both Moscow and Kyiv, and said China's special envoy for Europe was expected to visit Ukraine again soon. We won't pour oil on the fire of the war, Qin said, according to an official interpreter. Western countries have accused Beijing of providing political and material support to Russia since its invasion of Ukraine in February 2022. The European Union is currently considering imposing sanctions against companies that supply critical components to Russia's arms industry. Qin denied Chinese firms were doing so. He said China maintains normal trade relations with Russia, not mentioning a significant bump in China's purchases of Russian crude oil

China pulls off its Afghan investment gambit after a delayed start

China is ready to help Afghanistan realise self-reliance, peace, stability, development and prosperity at an early date, said Chinese State Councilor and Foreign Minister Qin Gang

Chinese authorities arrest man for generating fake news via ChatGPT

In what may be the first detention related to the misuse of ChatGPT, the Chinese law authorities have arrested a man for allegedly using the OpenAI chatbot for generating fake news

Pakistan keen to pay for more Russian oil imports with Chinese Yuan

Pakistan's first cargo of Russian oil will arrive within a month, and was purchased at a discount, a spokesman in the energy ministry's petroleum division said in response to questions

US-China shares deeply complicated, consequential relationship: Blinken

The United States has a very deeply complicated and consequential relationship with China, Secretary of State Antony Blinken said Tuesday, adding that engagement between the two countries is the key. He also said that it is in the interest of the US and China to establish and strengthen their lines of communication -- something that the rest of the world "expects us to do". "What we have communicated to our colleagues in the government in Beijing is the importance from our perspective in engagement, precisely because we have a deeply complicated and also consequential relationship that is important to people in the United States and China," Blinken told reporters at a news conference along with his British counterpart Foreign Secretary James Cleverly. "But beyond that around the world; that our two presidents agreed when they met in Bali at the end of last year that it would be important to establish and strengthen our lines of communication; and that we believe that that's in our .

Stop feeding the dragon if you cannot tame it: Tibet PM tells India

Asking India to pursue a more strategic trade policy with China, the prime minister of the Tibetan government-in-exile, Penpa Tsering, said New Delhi should stop feeding the dragon if you cannot tame it and it is biting back. Tsering, who is on a three-day visit to Shimla and would call on Chief Minister Sukhvinder Singh Sukhu besides visiting Tibetan colonies, called for transatlantic cooperation to check China. You are feeding the dragon every day and then saying it is biting back. Stop feeding the dragon if you are not able to tame it and it is biting back, he told reporters while replying to queries, adding India's trade policy has to be more strategic rather than just buying more from China and selling less to it. According to official data released by China in January, the trade between India and China touched an all-time high of USD 135.98 billion in 2022 while New Delhi's trade deficit with Beijing crossed for the first time a USD 100 billion mark despite frosty bilateral .

Dependence on China could increase if IMF deal fails: Pakistan Minister

Pakistan Minister Khurram has said that failure to sign staff-level agreement between IMF and Pak could lead to country's increased reliance on China

Standard Chartered to hire 100 staff for new China investment banking unit

The Beijing-based unit, which was awarded a licence in January, is being targeted for launch as early as the end of this year once it is cleared by local regulators, said John Tan

Pakistan, China to extend CPEC to Afghanistan, stress on fighting terrorism

Pakistan, China and Afghanistan have agreed to forge closer economic ties by extending the Beijing-backed China-Pakistan Economic Corridor (CPEC) to Afghanistan to fully harness the country's potential as a hub for regional connectivity. Pakistan Foreign Minister Bilawal Bhutto Zardari, his Chinese counterpart Qin Gang and Afghanistan's Taliban-appointed acting Foreign Minister Mawlawi Amir Khan Muttaqi held the 5th China-Afghanistan-Pakistan Foreign Ministers' Dialogue, where they also underlined the need to prevent any group from using their territories for terror activities against any nation. The three countries reiterated their resolve to fully harness Afghanistan's potential as a hub for regional connectivity and reaffirmed "their commitment to further the trilateral cooperation under the Belt and Road Initiative (BRI), and to jointly extend the China-Pakistan Economic Corridor to Afghanistan, according to a joint statement issued on Monday, two days after the meeting here on .

China officials expels Canadian diplomat in retaliation to Ottawa's orders

China has announced the expulsion of a Canadian diplomat in retaliation for Ottawa's ordering a Chinese consular official to leave over alleged threats he made against a Canadian lawmaker and his family. The Foreign Ministry on Tuesday said China was deploying a reciprocal countermeasure to Canada's unscrupulous move, which it said it firmly opposes. It said the Canadian diplomat based in the business hub of Shanghai has been asked to leave by May 13 and that China reserves the right to take further actions in response. Canada earlier on Tuesday said that Prime Minister Justin Trudeau's government is expelling a Chinese diplomat whom Canada's spy agency alleged was involved in a plot to intimidate an opposition lawmaker and his relatives in Hong Kong. A senior government official said Toronto-based diplomat Zhao Wei has five days to leave the country.

China exports up 8.5% in Apr in unexpected climb despite weakening demand

Chinese exports grew 8.5 per cent in April, showing more unexpected strength despite weakening global demand, customs data showed Tuesday. Exports grew to USD 295.4 billion compared with a year earlier, although at a slower pace, building on momentum seen in the March data when exports rose 14.8 per cent. But imports shrank at a faster pace, with the total slumping 7.9 per cent to USD 205.2 billion compared to the same time last year, according to data from the General Administration of Customs on Tuesday. It was down 1.4 per cent in March. China's trade surplus in April widened, growing 82.3 per cent as compared to the same period last year. In the first four months of the year, exports edged up 2.5 per cent over the same period of 2022 to USD 1,117 billion, the General Administration of Customs of China reported. Total imports contracted 7.3 per cent to USD 822 billion. Despite that, forecasters say exports should weaken this year. Global consumer demand weakened after the Fede

China's crackdown on data access adds to list of missing statistics

The tighter control over information comes after China issued its most sweeping blueprint yet on data ownership in Dec, in a clear sign that data will play a key role in powering Xi's vision for China

LinkedIn lays off 716 employees in a bid to 'streamline' its operations

"In an evolving market, we must continuously have the conviction to adapt our strategy in order to make our vision a reality," said the CEO

China vows 'resolute countermeasures' against Canada over envoy's expulsion

Canada said that Ottawa's actions violate international law and basic principles of international relations and relevant bilateral agreements between the two nations

Chinese FM's meeting with US envoy sets off bilateral talks buzz

Chinese Foreign Minister Qing Gang on Monday met with US Ambassador to China Nicholas Burns during which he sharply criticised Washington's policy towards Beijing, specifically on Taiwan, but at the same called for stabilising the ties between the two countries, saying that it is a "top priority". Qin's meeting with Burns, his first ever since he took over as Foreign Minister after serving as China's envoy to Washington, has set off speculation that the two countries are on the verge of restarting their active dialogue that stalled since February this year after the US shot a Chinese spy balloon. Following the balloon incident, US Secretary of State Antony Blinken put off his visit to Beijing. Chinese Foreign Ministry spokesman Wang Wenbin told a media briefing on Monday that the meeting is a normal diplomatic arrangement. In his meeting with Burns, Qin said a series of erroneous words and deeds by the US has undermined the hard-won positive momentum of the bilateral ties, disrupte

China police arrests man for spreading fake news of crash using ChatGPT

Chinese police have detained a man for allegedly generating fake news of a train crash and disseminating it online using artificial intelligence technology to "concoct information" and post it on multiple accounts, in what was reported to be China's first arrest for misuse of ChatGPT. Police in northwestern Gansu province said in a statement on Sunday that a suspect surnamed Hong had been detained for "using artificial intelligence technology to concoct false and untrue information". The case first caught the attention of the cyber division of a county police bureau when they spotted a fake news article that claimed nine people had been killed in a local train accident on April 25, the Hong Kong-based South China Morning Post reported on Monday. The cybersecurity officers in Kongtong county found the article simultaneously posted by more than 20 accounts on Baijiahao, a blog-style platform run by Chinese search engine giant Baidu. The stories had received more than 15,000 clicks by

India monitored Chinese ships during military drill in South China Sea

Ships participating in the Asean-India security exercises were expected to track simulated vessels of interest and practice dealing with unplanned encounters to reduce the likelihood of accidents