Page 243 - China

China Evergrande's EV unit likely to shut down without new funding

The company said it is seeking to cut costs by reducing staff numbers and improving management efficiency. However, "in face of the inability to obtain additional liquidity

China, Russia to jointly counter the Indo-Pacific strategy pursued by US

Chinese President Xi Jinping concluded his state visit to Moscow on Wednesday and vowed to build an equal, open and inclusive security system with his Russian counterpart Vladimir Putin to counter the Indo-Pacific strategy pursued by the US. Xi held an intense round of discussions with Putin after which the leaders signed two joint statements to deepen their Comprehensive Strategic Partnership of Coordination for the New Era and Pre-2030 Development Plan on Priorities in China-Russia Economic Cooperation''. Xi embarked upon the 3-day Moscow trip ostensibly to broker a peace deal and end the raging conflict in Ukraine, as he sought to push a peace talks plan that elicited a frigid response from the US, Kyiv's key ally. The trip, described by Xi as "one of friendship, cooperation and peace," marked his ninth visit to Russia since he first became the Chinese President in March 2013. The joint statement issued in Chinese and Russian languages said the two sides expressed serious concer

China's Xi aligns with Putin against US, but hesitates on big gas deal

Xi saw an opportunity to push back at the US and buttress his image as a global statesman after helping to broker a Saudi-Iran deal, while Putin can show he has the support

TikTok CEO warns users about ban ahead of US Congress hearing on March 23

Shou Zi Chew, the CEO of Chinese short-form video platform, which faces a nationwide ban in the US, has warned users as he prepares to appear before the US Congress on March 23

How Elon Musk's empire has made him a problem for the Biden administration

Elon Musk's unilateral decision-making, which more often than not is opposite to the official stance of the US, has caused a headache for the Biden government, and it is difficult to shrug off

India, US working on information sharing agreement between forces: Kendall

In a significant development amid tensions between India and China, a top American military official on Tuesday said the US and India were working on an information-sharing agreement

Biden to curb China growth for chipmakers getting federal funds

The $50 billion CHIPS and Science Act will bar firms that win grants from expanding output by 5 per cent for advanced chips and 10 per cent for older technology

China, Russia should push for more 'practical' cooperation: Xi to Putin

Russia wants Chinese businesses to replace Western firms; Japan PM Kishida visits Ukraine in a show of solidarity

Apple seeks reform to India's labor laws to diversify beyond China

Apple is seeking changes in India's labor laws as part of its effort to expand local production, and regional govts are yielding to its request as they are eager to snatch iPhone assembly from China

Biden signs bill to declassify information related to origins of Covid

US President Joe Biden on Monday signed a Bill, the "COVID-19 Origin Act of 2023", that requires the Director of National Intelligence to declassify information related to the origins of COVID.The US President in a statement on Monday said: "My Administration will continue to review all classified information relating to COVID-19's origins, including potential links to the Wuhan Institute of Virology; will declassify & share as much of that information as possible.""Today, I am pleased to sign into law S. 619, the "COVID-19 Origin Act of 2023." I share the Congress's goal of releasing as much information as possible about the origin of Coronavirus Disease 2019 (COVID-19). In 2021, I directed the Intelligence Community to use every tool at its disposal to investigate the origin of COVID-19, and that work is ongoing," Biden said in a statement released by The White House."We need to get to the bottom of COVID-19's origins to help ensure we can better prevent future pandemics. My

Covid report based on China samples puts suspicion back to animal origins

In some samples there was more animal genetic material than human genetic material indicating possible SARS-CoV-2 infections in animals, the report says

Foreign investment in India slowing but shift from China spells opportunity

Only few states drawing companies' attention to set up projects

Putin tells Xi Jinping: Will discuss China's peace proposals for Ukraine

The trip to Moscow marks Xi's most ambitious attempt yet to play the role of peacemaker as he seeks to broker an end to Russia's war in Ukraine

India has made sustained efforts to achieve balanced trade with China: Govt

The PLI schemes envisage a cumulative $21 billion investment

Putin welcomes Chinese President Xi Jinping to Kremlin amid Ukraine war

Russian President Vladimir Putin welcomed Chinese leader Xi Jinping to the Kremlin on Monday, in a visit that sent a powerful message to Western leaders allied with Ukraine that their efforts to isolate Moscow have fallen short. As he greeted Xi, Putin also said he welcomed his plan for settlement of the acute crisis in Ukraine. Xi's visit showed off Beijing's new diplomatic swagger and gave a political lift to Putin just days after an international arrest warrant was issued for the Kremlin leader on war crimes charges related to Ukraine. The two major powers have described Xi's three-day trip as an opportunity to deepen their no-limits friendship. China looks to Russia as a source of oil and gas for its energy-hungry economy, and as a partner in standing up to what both see as U.S. domination of global affairs. The two countries, which are among the five permanent members of the U.N. Security Council, also have held joint military drills. Kremlin spokesman Dmitry Peskov said tha

Taiwan's chip exports sputter on US-China tensions, falling demand

The total amount of semiconductors Taiwan shipped worldwide declined 17.3% last month from a year ago

India needs to ensure China, Russia, G7 nations come together: Shringla

Polarization in the world is also reflected among the members of G20 but India, during its presidency, needs to ensure that they all come together to work on global issues such as climate change, former foreign secretary Harsh Vardhan Shringla said on Saturday. Shringla, who is the Chief Coordinator for India's G20 Presidency, was speaking at 'G20 University Connect' at Symbiosis International University here. The theme or motto of G20 summit under India's presidency, 'Vasudhaiva Kutumbakam' (one world, one family) "exemplifies the Indian foreign policies outreaching the whole world," he said. "The polarisation that exists in the world also cuts cross the G20 membership, so you have on the one hand the G7, the (United States of) America, Europe, Japan and Australia. On the other hand we have also got Russia and China," the former diplomat said. "We, as part of G20 presidency, need to work to make sure that Russia and China come together with G7 to work for issues which are importan

UN report shows worsening human rights situation of Tibetans under China

The UN Committee which released its third periodic review of China in its recent report, underscored a number of issues related to human rights of Tibetan people

It remains very fragile: Jaishankar on situation at LAC in eastern Ladakh

The situation along the Line of Actual Control (LAC) in eastern Ladakh remains "very fragile" and is "quite dangerous" in military assessment because of close deployments of troops by both India and China in some pockets, though "substantial" progress has been made in the disengagement process in many areas, External Affairs Minister S Jaishankar said on Saturday. Jaishankar also said he and then Chinese foreign minister Wang Yi reached an in-principle agreement in September 2020 on how to resolve the issue and that it is for China to deliver on what was agreed to. In an interactive session at the India Today Conclave, the external affairs minister made it clear that the relationship between the two neighbouring countries cannot return to normal until "these problems" are sorted out. The Indian and Chinese troops are locked in a nearly-three-year confrontation at certain friction points in eastern Ladakh, even as the two sides have completed disengagement of troops from several area

West puts spotlight on North Korea rights abuses; China, Russia oppose

The United States, its Western allies and experts shone a spotlight on the dire human rights situation and increasing repression in North Korea at a UN meeting on Friday that China and Russia denounced as a politicised move likely to further escalate tensions on the Korean peninsula. China blocked the US from broadcasting the informal Security Council meeting globally on the internet, a decision criticised by US Ambassador Linda Thomas-Greenfield as an attempt to hide North Korea's atrocities from the world. Webcasting requires agreement by all 15 council members. But the US envoy said Beijing's effort was in vain because the meeting will be made public, and the US and many others will continue to speak out against Pyongyang's human rights abuses and threats to international peace. James Turpin, a senior official in the Office of the UN High Commissioner for Human Rights, said the ongoing tensions on the Korean peninsula pose a threat to regional and international peace and security