Page 4 - China

Rival nations seize choke points to counter Trump's global strategy

From Iran to China, President Trump's global aggression has encouraged other countries to search for new ways to pressure the US economy

US voices concern over detentions of Panama-flagged vessels by China

The US on Thursday voiced concerns about over detentions of Panama-flagged vessels by China saying such "bullying" destabilises supply chains, raises costs and erodes confidence in the global trading system. "The United States stands with Panama against any retaliatory actions against its sovereignty and will always support our partners in the face of bullying," Secretary of State Marco Rubio said in a post on X. "The United States stands firmly with Panama and looks forward to increasing our economic and security cooperation with this important partner," the Department of State said in a statement. The statement came after China reportedly detained Panama-flagged ships for inspections at Chinese ports. US President Donald Trump is scheduled to visit China on May 14-15. China's action came in the wake of Panama cancelling contracts of Hong Kong-based C K Hutchison to operate two port terminals near the Panama Canal on direction of the Supreme Court and transferred interim operatio

China drains cash from economy in rare move during oil price shock

Taken together, commercial banks likely recorded their first net repayment of PBOC loans since last May, according to Bloomberg calculations based on official data

China in talks with 'all parties' on need to restore Strait of Hormuz

China on Thursday said that it is in communication "with all parties" about the need to restore stability in the Strait of Hormuz, and that everyone should work toward that end. "We believe that an early ceasefire and restoration of peace and stability in the Strait of Hormuz and its adjacent waters is a common aspiration of the international community, and all sides should work towards this end," Chinese Foreign Ministry spokesperson Mao Ning said. "China is maintaining communication and coordination with all parties," she said. Mao said that "the root cause of the disruption to navigation in the Strait of Hormuz lies in the illegal military actions taken by the US and Israel against Iran," and said the way to restore safety in the area is to end the hostilities. "Military means cannot fundamentally resolve the issue, and an escalation of the conflict is not in the interest of any party," she said. China and Pakistan agreed this week to promote a five-point proposal, which includ

China must ease digital barriers to attract more foreign tourists

Last month, nine government bodies led by the Commerce Ministry introduced new policies to woo overseas visitors

Venezuelan crude exports surge to 6-year high as India fills China gap

Indian refiners, including Reliance Industries Ltd, Hindustan Petroleum Corp and Indian Oil Corp have purchased a combined 343,000 barrels a day for loading in March

India's telecom imports from China rose to $6.37 billion in FY24: Govt

India's imports of telecom instruments from China climbed to USD 6,371 million (about Rs 59,500 crore) in 2023-24, up from USD 5,553 million in 2019-20, Parliament was informed on Wednesday. Minister of State for Communications Pemmasani Chandra Sekhar, in a written reply to Lok Sabha, said that total imports in the telecom instruments category rose from USD 13,333 million in 2019-20 to USD 17,010 million in 2023-24. "The imports under the principal commodity 'telecom instruments' have increased from USD 13,333 million in 2019-20 to 17,010 million in 2023-24. Further, the import from China during the period has increased from USD 5,553 million to 6,371 million," the minister said. To boost domestic manufacturing of telecom instruments, he said the government has introduced the Public Procurement order to give preference in government procurement for goods and services which meet the minimum domestic value addition criteria. He also noted the Production Linked Incentive (PLI) Scheme

Robotaxi chaos in China as Baidu cars stall mid-traffic after system glitch

Multiple Baidu robotaxis stopped suddenly on Wuhan roads after a system failure, leaving passengers stranded and disrupting traffic in the city

Pakistan, Afghan Taliban resume talks in China as Beijing seeks ceasefire

Pakistan and Afghanistan's Taliban governments have resumed talks in China, which is mediating between the two sides to broker a durable ceasefire after more than a month of fighting, two Pakistani officials said Wednesday. A third person who is in a position to know about China's mediation efforts said the talks were aimed at ending the current fighting. Representatives from both countries are meeting in Urumqi, in northern China, the officials told The Associated Press, speaking on condition of anonymity because they were not authorised to brief the media. China has not commented. Pakistan's Ministry of Foreign Affairs neither confirmed nor denied the latest development.

Indian business delegation visits China, explores ties after 5 year hiatus

An Indian chambers of commerce delegation is currently visiting China to interact with their counterparts here, marking the first such visit after the five-year freeze in relations. A delegation of the Punjab, Haryana, Delhi, Chambers of Commerce and Industry (PHDCCI) is on a visit to Shanghai and China's Jiangsu province, one of the most industrialised areas of China, from Mar 29 to April 4. This is the first Indian trade delegation to visit China after the two countries normalised bilateral relations last year, after over five years of hiatus following the military standoff at Eastern Ladakh in 2020. The relations were on the course of normalisation after the meetings between Prime Minister Narendra Modi and Chinese President Xi Jinping in 2024 and 2025 on the sidelines of the BRICS and SCO summits. The Indian Consulate General of Shanghai, Pratik Mathur, on Tuesday hosted a Business Round Table between the PHDCCI Delegation and leading companies and financial institutions from .

China confirms 3 ships crossed Strait of Hormuz amid ongoing conflict

Ship-tracking data showed two Chinese container ships sailed through the Strait of Hormuz on Monday on their second attempt to leave the Gulf after turning back on Friday

Asia braces for LNG shock as Strait of Hormuz blockade chokes supply

With a cutoff in shipments imminent, Asian countries, the biggest importers of liquefied natural gas from the West Asia, are already burning more coal and reducing consumption

China's factory growth hits 1-year high in March despite war risks

The sub-indexes for output and new orders both rose above 51 from below 50 the previous month, while that for new export orders improved to 49.1 from 45 in February

Chinese cargoes signal fuel relief for Asian neighbours despite curbs

China, a major Asian fuel exporter, halted overseas oil product sales, forcing refiners to cancel or renegotiate shipments to prioritise domestic supply

BYD sees EV exports beating target by 15% as overseas demand drives growth

BYD's optimistic export outlook follows disappointing results, including the company's first annual drop in profit in four years even as it toppled Tesla Inc. as the world's top-selling EV maker

China resumes direct flights to North Korea after 6 yrs; trains restart too

China's flag carrier resumed direct flights between Beijing and North Korea's capital of Pyongyang on Monday not long after the restoration of passenger train services between the capitals. The Air China flight was welcomed by the Chinese ambassador to North Korea, Wang Yajun, and other diplomats, according to Chinese state media. Passenger train service from China to North Korea had resumed March 12. Flights and passenger trains to North Korea had been suspended since the beginning of the COVID-19 pandemic in 2020. North Korean carrier Air Koryo resumed flights between the capitals in 2023. North Korea banned all foreign tourists during the pandemic but has started easing the restrictions, with a Russian tour group entering the country in 2024. Chinese tour groups had made up 90 per cent of all visitors to North Korea prior to the ban, and the delay on resuming Chinese tours surprised observers. China is Pyongyang's biggest trading partner and major ally, but Beijing has expres

Govt eases curbs, lets state-run firms import critical equipment from China

Under the relaxation of the rules, India's largest state-run power equipment maker Bharat Heavy Electricals can procure 21 types of critical equipment from China

DeepSeek down for 7 hours in biggest outage since debut, services restored

The extended downtime is unusual for a globally used app like DeepSeek, which has for over a year carried the mantle of China's breakthrough artificial intelligence service

How China's subsidy rollback has hit EV unicorn BYD's annual profits

Withdrawal of state support and an intensifying price war are squeezing BYD's margins and sales, forcing the EV major to rely on exports to sustain growth

'China, India share far more common interests than differences': Chinese FM

Chinese Foreign Minister Wang Yi made these remarks after meeting outgoing Indian Ambassador to China Pradeep Kumar Rawat in Beijing