Page 32 - China

India iPhone hub hit as Foxconn recalls 300 more Chinese engineers

Foxconn subsidiary Yuzhan Technology has recalled 300 Chinese engineers from India, even as its iPhone manufacturing push in Tamil Nadu and Bengaluru continues

Boeing in talks with China on possible deal to sell up to 500 aircraft

The mega sale to China, years in the making, is contingent on the two nations diffusing the trade hostilities that hark back to Trump's first term in office - and could still fall apart, they said

Flipkart and China businesses lift Walmart's sales numbers in Q2FY26

US-based retail giant Walmart on Thursday reported a 10 per cent growth in its international business in the second quarter of FY26 in constant currency terms, helped by Indian e-commerce arm Flipkart along with the China market and Walmex. Walmart International, which operates in 18 countries outside the US, including India, had a "growth in net sales led by China, Walmex, and Flipkart", according to the earnings statement from the Bentonville-headquartered firm. Moreover, transaction counts and unit volumes were up across markets of Walmart International, it added. Walmex is the Mexican and Central American division of Walmart. Walmart, which follows February-January financial year, reported a USD 32.7 billion in sales from its international business, registering a growth of 10.5 per cent on constant currency terms. Its net sales were at USD 31.2 million, up 5.5 per cent. Walmart's overall revenue was at USD 177.4 billion, up 4.8 per cent year on year, and 5.6 per cent higher i

China opposes US plan to impose up to 50% tariffs on India: Amb. Feihong

China fully opposes the US move of imposing tariffs of up to 50 per cent on India and Washington's threat to increase it, Chinese envoy Xu Feihong said here on Thursday. In his address at an event here, Feihong also said that tariff and trade "wars" were disrupting the global economic and trade system. The Chinese envoy's remark assumes significance as it comes amid a thaw in Sino-India ties. India and China on Tuesday unveiled a series of measures for a "stable, cooperative and forward-looking" relationship that included jointly maintaining peace along the frontier, reopening border trade, promoting investment flows, and resuming direct flight connectivity at the earliest. The announcements aimed at realising the "full" development potential of the two Asian giants came amid growing estrangement in ties between India and the US over President Donald Trump's policies on trade and tariffs. India and China listed the measures in a joint document after Chinese Foreign Minister Wang Y

Taiwan detects 22 Chinese aircrafts, 5 naval vessels around territory

As per the MND, of the 22 aircraft, 15 crossed the median line and entered Taiwan's southwestern ADIZ

China's rapid expansion of solar farms helps bring down carbon emissions

High on the Tibetan plateau, Chinese government officials last month showed off what they say will be the world's largest solar farm when completed 610 sq km, the size of the American city of Chicago. China has been installing solar panels at a blistering pace, far faster than anywhere else in the world, and the investment is starting to pay off. A study released Thursday found that the country's carbon emissions edged down 1% in the first six months of the year compared to a year earlier, extending a trend that began in March 2024. The good news is China's carbon emissions may have peaked well ahead of a government target of doing so before 2030. But China, the world's biggest emitter of greenhouse gases, will need to bring them down much more sharply to play its part in slowing global climate change. For China to reach its declared goal of carbon neutrality by 2060, emissions would need to fall 3% on average over the next 35 years, said Lauri Myllyvirta, the Finland-based author

US examines equity stake in chip makers for CHIPS Act cash grants: Report

Trump administration has recently made unusual deals with US companies, including allowing AI chip giant Nvidia to sell H20 chips to China, exchange for the US government receiving 15% of those sales

Xi visits Lhasa for 60th anniversary of Tibet Autonomous Region

Chinese President Xi Jinping on Wednesday arrived in Lhasa, Tibet's provincial capital, to mark the 60th anniversary of Tibet's founding as an autonomous region. Xi, heading a delegation of officials from Beijing, was welcomed by people from various ethnic groups in Tibet, state-run Xinhua news agency reported. The Tibet Autonomous Region (TAR) was formed officially by China in 1965 after it annexed the region in 1950. The Tibetan spiritual leader, the Dalai Lama, along with a large group of Tibetans fled to India in 1959, and has lived in Himachal Pradesh's Dharamsala ever since. The octogenarian monk celebrated his 90th birthday last month during which he said his successor will be chosen by Gaden Phodrang Trust, which was founded by him in 2015. China has rejected the Dalai Lama's succession insisting that any future heir must receive its seal of approval. China calls Tibet Xizang. Xi also held separate meetings with representatives of cadres who come to work in Tibet from ot

Microsoft limits Chinese firms' early access to cybersecurity flaw data

The announcement from Microsoft follows a campaign of cyberattacks that Microsoft blamed on state-sponsored hackers in China who targeted security weaknesses in SharePoint servers

Wang visit: India, China reached understandings on border row, says Beijing

India, China have reached new common understandings agreeing to conduct normalised management and control of the boundary during the just concluded visit of Foreign Minister Wang Yi's visit to New Delhi, Beijing said on Wednesday. Wang visited New Delhi on August 18-19 during which he met Prime Minister Narendra Modi, attended the 24th round of Special Representatives (SRs) talks with NSA Ajit Doval and held talks with External Affairs Minister S Jaishankar. Summing up the outcome of Wang's visit, Chinese Foreign Ministry spokesperson Mao Ning told a media briefing here that during his visit, the two sides also agreed on resuming dialogue mechanisms in various fields, deepening mutually beneficial cooperation, upholding multilateralism, jointly dealing with global challenges and opposing unilateral bullying acts. On the boundary question, the two sides reached new common understandings, agreeing to conduct normalised management and control, maintain peace and tranquility in the bord

Export curbs ease positive, India must cut reliance amid $100 bn gap: GTRI

China's decision to ease restrictions on exports of rare-earth minerals and fertilisers to India is a positive signal, but India must work to reduce its dependence on the neighbouring country, with which it runs an alarming USD 100 billion trade deficit, economic think tank GTRI said on Wednesday. It said that between 2014 and 2024, China's dominance over India's import landscape only widened. Its share in India's telecom and electronics imports reached 57.2 per cent, while machinery and hardware accounted for 44 per cent. Chemicals and pharmaceuticals followed closely at 28.3 per cent, it said. For India, the Global Trade Research Initiative (GTRI) said, the only real safeguard is to build strength at home by cutting dependence, investing in deep manufacturing, and becoming a true product nation. "A stronger, more self-reliant India will be better placed to engage China on equal terms, while keeping relations steady and pragmatic rather than hostage to sudden shifts," GTRI Founder

US adds five more products to high-priority list under Uyghur labour law

The new products include steel, copper, lithium, caustic soda, and red dates, all of which are now under heightened scrutiny for links to forced labour

Chinese refiners sweep Russian oil as Indian demand weakens, discounts fall

China had secured 15 Russian Urals cargoes for October-November delivery by the end of last week, said Richard Jones, a Singapore-based crude analyst at Energy Aspects

India-China ties have made steady progress: PM Modi after meeting China FM

"I look forward to our next meeting in Tianjin on sidelines of SCO Summit. Stable, predictable, constructive ties between India and China will contribute significantly to regional," said PM Modi

India can tango with China, but must watch its step with cold realism

The Chinese minister was expansive about deepening ties, declaring that the setbacks they faced in the past few years were not in China's interests

Nvidia working on new AI chip for China that outperforms the H20

U.S. President Donald Trump last week opened the door to the possibility of more advanced Nvidia chips being sold in China

The Party's Interests Come First: Xi's father biography reflects CCP story

Meticulously written and displaying thorough archival work, the book is full of anecdotes. It is possible to argue that the senior Xi's life overlaps with the life of the CCP

China pledges to address India's rare earth mineral needs: Report

Chinese Foreign Minister Wang Yi is visiting India for the 24th round of border talks with Indian National Security Advisor Ajit Doval and is also due to meet Prime Minister Narendra Modi on Tuesday

Indian EV makers face heat from China's export curbs on rare earth magnets

China's export restriction on key rare earth magnets has resulted in a supply chain bottleneck and impacted domestic industries, including electric vehicle manufacturers, Parliament was informed on Tuesday. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said consultations have been held regularly with relevant stakeholders to explore measures to address the issue. He also said that Ministry of Mines has been working to ensure supply chain resilience for critical minerals, including rare earth elements, which are used in producing rare earth magnets, as they are key materials for different sectors including EVs. To develop cooperation with countries having rich mineral resources, the mines ministry has already entered into bilateral agreements with governments of Australia, Argentina, Zambia, Peru, Zimbabwe, Mozambique, Malawi, Cote D'Ivoire and international organizations such as International Energy Agency (IEA). "The recent impositi

India-China trade: China may lift curbs on rare earths, fertilisers & more | Wang Yi | Business news

In what could mark a major thaw in India–China relations, Beijing has reportedly decided to ease export restrictions on 3 crucial items that New Delhi had been pushing for.