Page 420 - China

China's oil consumption seen peaking around 2026, Sinopec exec says

China's oil consumption is likely to peak around 2026 at about 16 million barrels per day and that of natural gas by around 2040, according to a top executive of Sinopec Corp.

China applies to join Pacific trade pact to boost economic clout

China has filed an application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the commerce ministry said

Australian PM Scott Morrison rejects Chinese criticism of nuclear sub deal

Morrison on Friday rejected Chinese criticism of Australia's new nuclear submarine alliance with the United States and said he doesn't mind that President Joe Biden might have forgotten his name.

IMF chief accused of influencing ease of business report in China's favour

Kristalina Georgieva denies she had applied pressure on staff of World Bank, when she worked there, to boost China's ranking in the report.

AUKUS alliance with Australia, Britain not against any country: White House

The new trilateral security alliance AUKUS is not about any one country but aimed at advancing the strategic interests of the US, Britain and Australia

China, Russia, Pakistan, Iran to strengthen coordination on Afghan issue

Senior officials from China, Russia, Pakistan and Iran agreed on Thursday to step up communication and coordination on the Afghan issue.

Chinese county to give cash handouts to couples to have babies

A county in western China will give cash subsidies to couples to have children, the latest push to encourage more births in a country where the population is set to decline in coming years

Fresh pushback on China: Australia to get n-subs in new pact with US and UK

China calls the deal an 'irresponsible' threat to regional stability

IMF chief lobbied to improve China's biz ranking, says World Bank

To discontinue 'Doing Business' reports after ethics review

Will work closely with members on Afghan issues: China ahead of SCO meet

Ahead of the SCO summit, China on Thursday said it is ready to have close communication and coordination with the bloc's member states and jointly work on Afghanistan

AUKUS defence partnership undermines regional stability, says China

China on Thursday stated that the newly-formed AUKUS (Australia-UK-US) defence partnership threatens stability in the region and provokes an arms race.

Chinese mainland reports 49 new locally transmitted Covid-19 cases

The Chinese mainland on Wednesday reported 49 new locally transmitted COVID-19 cases, with 48 in Fujian and one in Yunnan, the National Health Commission said in its daily report on Thursday

Australia irks France with sudden US-UK nuclear submarine deal

France said the new partnership scuppers Australia's 2016 deal with a French shipbuilder Naval Group to build up to 12 submarines

China's People's Liberation Army continues to build up infra along LAC

Even after both India and China agreed to disengage from key areas in Eastern Ladakh, the People's Liberation Army (PLA) continues to build up infrastructure along the Line of Actual Control (LAC).As per The HK Post, this shows the real Chinese intent towards India despite engaging in several rounds of military-level discussions over disengagement from the points of tension that occurred in the standoff in Eastern Ladakh last year.The build-up by the PLA has been observed since the start of the year and most recently through satellite imagery in August 2021.Tensions have again flared up with the extension of the Tainwendian Highway leading up to the Depsang plains just 24 km away from India's highest airfield, Daulat Beg Oldie (DBO), reported The HK Post.Satellite images dated August 17, 2021, have revealed upgraded infrastructure near the Depsang Plains along with the Western sector of the LAC between India and China.According to the Twitter handle @detresfa_, the Tianwendian Highway

6.0-magnitude earthquake in China's Sichuan kills 2, injures 3

As of Thursday early morning, two people were confirmed dead and three others injured after a 6.0-magnitude earthquake jolted Luxian County of Luzhou City, southwest China's Sichuan Province

Chinese property developer Evergrande's debt struggle rattles investors

One of China's biggest real estate developers is struggling to avoid defaulting on billions of dollars of debt, prompting concern about a broader economic fallout and protests by buyers

UK bans Chinese envoy from House; Beijing slams 'cowardly' move

China's Ambassador to the UK Zheng Zeguang has been barred from UK Parliament over sanctions imposed on some British MPs for their remarks on alleged human rights violations against Uyghur minorities

China backs Taliban's demand to US to unfreeze Afghanistan's assets

China on Wednesday supported the Taliban's demand that the US should unfreeze Afghanistan's assets and said that America has no legitimate reasons to do so

China stocks battered by economic data, Evergrande non-payment

The Hang Seng China Enterprises Index, which tracks Hong Kong-listed Chinese shares, dropped as much as 1.9%, taking declines to a third day.

Asian stocks stumble as weak China data fan global growth worries

MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.82%, extending earlier losses after the release of the Chinese data