Page 242 - China

China foreign minister says nation's recovery to benefit US companies

Qin Gang, Foreign Minister, China, welcomed US firms to keep expanding investments in China and to set roots in the country

Taiwan loses ally of eight decades after Honduras recognises China

The move comes before Tsai starts a visit this week to allies such as Guatemala and Belize, and stops in the US

Here's how China, India plan to overhaul their financial sector regulations

The plans by both nations have become more significant in the wake of the convulsions expected in the global financial market with the sudden collapse of the Silicon Valley Bank

Death whisperers: Elephant poaching for ivory remains unabated

Poachers kill 41 jumbos in 5 yrs; activists warn against India taking a softer stance on international ivory trade

Honduras cuts diplomatic ties with Taiwan, paves way for ties with Beijing

Honduras has cut diplomatic ties with Taiwan, Chinese state media reported Sunday, paving the way for the Latin American country to establish a formal relationship with Beijing. The announcement by Honduras's foreign ministry on Saturday, which was reported by China's CCTV, comes amid rising tensions between Beijing and the United States, including over China's increasing assertiveness toward self-ruled Taiwan. The move leaves Taiwan recognized by only 13 sovereign states. Honduras is the ninth diplomatic ally that Taipei has lost to Beijing since pro-independence President Tsai Ing-wen first took office in May 2016. China and Taiwan have been locked in a battle for diplomatic recognition since the sides split amid civil war in 1949, with Beijing spending billions to win recognition for its One China policy. China claims Taiwan is part of its territory, to be brought under its control by force if necessary, and refuses most contacts with countries that maintain formal ties with the

Apple CEO praises China's innovation, history of cooperation during visit

Cook is in Beijing to attend the China Development Forum, a government-organised event being held again in full force after the country ended its Covid controls late last year

Enemy properties: Most Pakistani assets in UP, Chinese in Meghalaya

The government is moving to monetise over 12,000 such properties across the country

The TikTok challenge

Banning the app hasn't really worked in India. It's unclear if the partial ban in the UK will. Perhaps the solution lies in creating an alternative

How China, US and others watered down a key UN climate document

The US State Department declined to comment. A senior administration official defended the final IPCC summary for policymakers, saying it was clear about the critical message

Why does US lawmakers see Chinese-owned TikTok as a security threat?

US lawmakers have grilled TikTok CEO Shou Zi Chew about data security and harmful content, with some pushing to ban the popular short-video app nationwide. A Singaporean native, Chew told the lawmakers that TikTok prioritises user safety and as he sought to avert a ban by downplaying the app's ties to China. Both Republican and Democratic representatives aggressively questioned Chew on topics including TikTok's content moderation practices, its data security plans, and past spying on journalists. Here's a look at some of the concerns about TikTok and its ownership. WHY DOES WASHINGTON SAY TIKTOK IS A THREAT? TikTok, which has over 150 million American users, is a wholly owned subsidiary of Chinese technology firm ByteDance Ltd., which appoints its executives. ByteDance is based in Beijing but registered in the Cayman Islands, as is common for privately owned Chinese companies. Its headquarters is in Beijing's northwestern Haidian district, home to key universities and a hub for t

Xiaomi's revenue and profit slides in Q4 due to China's Covid-19 curbs

The company's revenue for 2022 was 280.04 billion yuan, a drop of 14.7%, while net income came in at 8.52 billion yuan, down 61.4%

Pak receives $2 bn rollover deposits from China to get IMF bailout: Report

Cash-strapped Pakistan has received a rollover of USD 2 billion in deposits for a period of one year from its all-weather ally China to help Islamabad get a much-required bailout from the IMF to stabilise its economy, a media report said on Friday. The rollover, which basically is not a loan but a financial deposit to be kept at Pakistan's central bank for a period of one year, is one of the requirements of the International Monetary Fund (IMF) in meeting its external financing needs in order to move towards inking the staff-level agreement, The News International reported. Minister for Finance Ishaq Dar confirmed the development. Yes, Dar was quoted as saying in a brief response when asked about getting a rollover of USD 2 billion SAFE (State Administration of Foreign Exchange) deposits from China. Pakistan and the IMF have been negotiating the release of a USD 1.1 billion loan since February but so far without any success due to the tough conditions by the donor which Pakistan is

India set to surpass China in need for oil as growth paths diverge

With daily crude consumption triple that of China, traders and producers looking to tap into diminishing global demand growth will be betting on India into the next decade

As Tiktok faces heat, CEO says will never share US user data with China

Chew, who appeared before dozens of House Energy and Commerce Committee members late on Thursday, offered reassurances that the company would enhance privacy

China's repressive policies in Tibet and Xinjiang exposed at UNHRC

Aaron Magunna, a research analyst at European Foundation for South Asian Studies (EFSAS), told the Council that Uighurs in Xinjiang face even more severe repression

IMF, World Bank to convene next sovereign debt roundtable for April 3

The meeting comes amid continued delays in securing debt treatment agreements for Zambia, Ghana, and Ethiopia that US officials and others blame on foot-dragging by China

Chinese companies may need majority Indian partners to set up plants

Some global players are pushing for a 50-50 equity structure, pointing out that without such a split, most Chinese firms might not want to share their technology at all

Defence budget readies US for possible China confrontation: Pentagon

The US military must be ready for possible confrontation with China, the Pentagon's leaders said Thursday, pushing Congress to approve the Defence Department's proposed USD 842 billion budget that would modernize the force in Asia and around the world. "This is a strategy-driven budget and one driven by the seriousness of our strategic competition with the People's Republic of China," Defence Secretary Lloyd Austin said in testimony before the House Appropriations subcommittee on defence. Pointing to increases in new technology, such as hypersonics, Austin said the budget proposes to spend more than USD 9 billion, a 40 per cent increase over last year, to build up military capabilities in the Pacific and defend allies. The testimony comes on the heels of Chinese leader Xi Jinping's visit to Moscow, amid concerns China will step up its support for Russian President Vladimir Putin's war on Ukraine and increasingly threaten the West. China's actions, said Gen. Mark Milley, chairman o

Realme to appoint new India biz head from China, Madhav Sheth may quit

According to sources, realme is set to make the India announcement as soon as possible, as the domestic smartphone market goes through a churning

Canada lawmaker quits Justin Trudeau's party amid China allegations

A lawmaker said late Wednesday that he is stepping down from Prime Minister Justin Trudeau's Liberal party after a media report raised questions about his dealings with China, a claim that comes amid an investigation into allegations of Chinese meddling in Canada's elections. Member of Parliament Hang Dong said the report quoting anonymous sources was an attack on his reputation and his loyalty to Canada. He said he will leave the Liberals and sit in Parliament as an independent lawmaker to avoid causing problems for the party. Global News, citing unidentified security sources, published a report Wednesday alleging Dong suggested to China's consul general in Toronto in 2021 that the opposition Conservative party would benefit if Beijing released two Canadians accused of espionage. Global did not give any direct quotes from the purported conversation. Canadians Michael Kovrig, a former diplomat, and Michael Spavor, an entrepreneur, were arrested in China in December 2018 in what was