Page 37 - China

Hong Kong's CK Hutchison seeks Chinese investor to join Panama Ports deal

A Hong Kong conglomerate that's selling ports at the Panama Canal said Monday it may seek a Chinese investor to join a consortium of buyers, a move that could please Beijing but bring more U.S. scrutiny to the geopolitically fraught deal. CK Hutchison Holdings' initial plan to sell its port assets to a group that includes U.S. investment firm BlackRock Inc. pleased President Donald Trump, who has alleged that China interferes with the critical shipping lane's operations in Panama. However, they apparently angered Beijing and drew a review from Chinese anti-monopoly authorities. A Beijing-backed newspaper posted scathing commentaries about the deal, with one describing it as a betrayal of all Chinese. Beijing's offices overseeing Hong Kong affairs have reposted some of these commentaries, widely seen as an indication of Chinese leaders' stance. A Hutchison subsidiary has operated ports at both ends of the Panama Canal since 1997. After months of uncertainty brought by tensions betwe

Why Chinese are leaving property sector jobs to acquire drone skills

Facing a property slump and youth unemployment, many in China are now training as drone flight planners-part of a government push to build a $210 bn low-altitude economy

Taiwan detects 4 Chinese aircraft, 10 naval vessels near its territory

The frequent incursions and maritime operations reflect rising tensions between Taiwan and China, a relationship long fraught with geopolitical strain

China's Unitree Robotics offers a humanoid robot for under $6,000

The startup, among the frontrunners in Chinese robotics, on Friday announced its R1 bot with a starting price of 39,900 yuan (or $5,900)

Rare earths not rare, their concentration is: GSI chief Asit Saha

At present, GSI has almost 240 projects on critical minerals, including around 100 related to rare earth

China's new digital ID plan links every click to the Communist Party

The scheme issues each person who registers a unique "internet code" and a digital certificate after submitting their national ID card and facial recognition data

India open to domestic firms collaborating with Chinese electronics makers

India is flexible for collaboration of domestic companies with Chinese, especially electronics, a government source said on Friday. Around 60 per cent of electronics manufacturing happens in China, and hence, it is not easy to ignore it, the source added. "Things are easing (between India and China). There are signals. Tourist visas have been opened. In electronics, 60 per cent of manufacturing takes place in China. So, there has to be some sort of collaboration," the sources said. He was replying to a question on government approval for the Dixon joint venture with Chinese companies. Dixon Technologies has received approval from the Indian government to form a joint venture (JV) with Chinese peer Longcheer. Dixon has been reaching out to several Chinese companies for joint ventures. It has signed separate agreements with Chinese electronic component firms -- Chongqing Yuhai Precision Manufacturing Co Ltd and the Indian arm of Kunshan Q Technology -- for manufacturing and sales o

China's Li Qiang puts factory boom down to hard work, not subsidies

Li's unusually frank remarks were made during a long speech to European businesspeople at a symposium in Beijing's Great Hall of the People that was also attended by Chinese Commerce Minister

China's rare earth curbs: No relief for EV cos as govt pushes localisation

The directive came amid growing industry concern over supply chain constraints following China's April 4 move to restrict exports of rare earth magnets

Europe, China agree to take action on climate change during Beijing summit

China and the European Union have issued a joint call to action on climate change during an otherwise tense bilateral summit in Beijing on Thursday riven with major disagreements over trade and the war in Ukraine. The two economic juggernauts issued a joint statement on climate change, urging more emission cuts and greater use of green technology and affirming their support for the Paris Climate Agreement as well as calling for strong action at the upcoming COP30 climate summit in Brazil. In the fluid and turbulent international situation today, it is crucial that all countries, notably the major economies, maintain policy continuity and stability and step up efforts to address climate change, the joint statement said. Their climate agreement was a silver lining on a stormy day where European leaders demanded a more balanced relationship with China in talks with President Xi Jinping. They highlighted trade in their opening remarks, calling for concrete progress to address Europe's

India reopens doors to Chinese tourists, ends 5-year suspension | India-China relations

India will resume tourist visa issuance for Chinese nationals from today, July 24.This marks the first time since 2020 that Chinese tourists can apply to visit India. Watch the video for details.

Diplomatic talks on border situation with India 'candid', says China

China on Thursday said its diplomatic talks with India on the border situation was "candid". The two sides held talks under the framework of the Working Mechanism for Consultation and Coordination (WMCC) on border affairs in New Delhi on Wednesday. The Chinese Foreign Ministry called the talks "candid" in a press release issued here. "The two sides focused on in-depth communication regarding the implementation of the outcomes of 23rd meeting of Special Representatives (SRs) for China-India Boundary Question and agreed to jointly prepare for the 24th meeting," added the ministry. Following the WMCC talks India's Ministry of External Affairs on Wednesday said the two sides expressed "satisfaction with the general prevalence of peace and tranquillity in the border areas, leading to gradual normalisation of bilateral relations." The meeting also prepared ground for ground for the next edition Special Representative talks scheduled to be held in India later this year.

Europe and China to hold trade talks; low expectations for major agreements

European leaders are meeting with top Chinese officials in Beijing on Thursday to discuss trade, climate change and global conflicts, with observers saying expectations were low for any solid agreements. The talks, initially supposed to last two days but scaled back to one, come amid financial uncertainty around the world, wars in the Middle East and Ukraine, and the threat of U.S. tariffs. Neither the EU nor China is likely to budge on key issues dividing the two economic juggernauts. European Commission President Ursula von der Leyen and European Council President Antnio Costa will meet with Chinese President Xi Jinping and Premier Li Qiang to mark 50 years of relations between Brussels and Beijing. Von der Leyen and Costa were expected to challenge China's strategies on a number of issues during the talks. They include Beijing's position on Russian President Vladimir Putin's full-scale invasion of Ukraine; and China's trade imbalance with the EU, persistent cyberattacks and ...

India, China review border situation ahead of special representatives talks

India and China on Wednesday reviewed the overall situation along the Line of Actual Control (LAC) and prepared ground for the Special Representatives dialogue on the boundary question. The review was carried out at a meeting of Working Mechanism for Consultation and Coordination (WMCC) that took place in Delhi. The Ministry of External Affairs (MEA) said the two sides also prepared for the next round of the Special Representatives' (SR) talks to be held in India later this year. Chinese Foreign Minister Wang Yi is expected to visit India for the SR talks. Wang and NSA Ajit Doval are the SRs for the talks. The MEA said the two sides reviewed the situation in the India-China border areas. They expressed "satisfaction with the "general prevalence of peace and tranquillity in the border areas, leading to gradual normalisation of bilateral relations," it said in a statement. The two sides "agreed to maintain regular exchanges and contacts on issues related to the boundary affairs at

Starbucks launches free study rooms in China to lure back customers

The rooms are Starbucks's latest initiative in China this year as it tries to revive sales growth amid stiff competition from cheaper local rivals like Luckin Coffee

Chinese hackers exploit Microsoft flaw, breach US nuclear agency systems

While Microsoft has patched its software in recent days, cybersecurity researchers have already detected breaches on more than 100 servers representing 60 victims thus far

Welcoming the dragon: India can gain from easing restraints on Chinese FDI

The NITI Aayog's proposal for Chinese companies to acquire stakes of up to 24 per cent would also balance investor interests with misgivings in Indian policy

Explained: China's mega dam on Brahmaputra and India's downstream risks

China has begun building a massive dam on Yarlung Zangbo near Arunachal Pradesh, raising strategic concerns for India as Beijing eyes economic and energy gains

China built a rare earth empire-India is still stuck in the mines

Despite hosting the world's third largest known reserves of rare earths, these critical minerals will remain a critical challenge for India

China heiress Zong's fight with half-siblings sparks succession debate

In a Hong Kong court, Kelly Zong was asked to help set up 3 trusts worth $2.1 billion for people who identify as her "half brothers and sister" following what they say were her father's directives