Page 459 - China

China protests over US warship traversing through Taiwan Strait

China on Thursday protested the passage of a U.S. destroyer through the Taiwan Strait in the latest move as both nations increase their naval activity in the region

Cyber yuan: China rolls out its own e-currency, a first for major economy

It's poised to give Beijing power to track spending, and money that isn't linked to the global financial system

IMF lifts China's GDP to 8.4%, but Gopinath says growth unbalanced

The IMF increased China's GDP projection to 8.4% for this year, a 10-year high, but chief economist Gita Gopinath cautioned that economic growth in the world's second largest economy was unbalanced

China's growth set to drive global economy in post-pandemic years

The U.S. and India will be the second and third-biggest contributors to global growth in the period, according to the IMF, with Japan and Germany rounding out the top five

China's central bank asks major lenders to curtail credit growth this year

Lending the same amount this year would bring the outstanding balance to about 192 trillion yuan

Eating our lunch: Joe Biden points to China in development push pitch

Biden and Democratic lawmakers direct Americans eyes to the rear-view mirror, pointing to a booming, ambitious China they say is threatening to overtake the United States in global clout and capacity

China reports 32 cases of coronavirus on April 4, highest since January 31

The total number of confirmed COVID-19 cases in mainland China now stands at 90,305, while the death toll remains unchanged at 4,636

H&M caught in a 'geopolitical crossfire' between China and Vietnam

Changes by the Swedish retailer to its map on China's order have angered Vietnam consumers who believe they infringed on their country's maritime sovereignty

At least 11 killed as truck collides with passenger bus in China

A truck collided with a passenger bus on an expressway in east China's Jiangsu Province early Sunday, killing at least 11 people and injuring several others.

Taiwan reports another incursion by Chinese warplane, says report

In yet another incursion, a Chinese warplane entered the Taiwanese southwest air defence identification zone (ADIZ) on Saturday.

India Inc in China concerned over China's Covid-19 travel restrictions

The CEOs of a host of Indian businesses and industries in China have expressed concern over the continuing COVID-19 related visa and travel restrictions being pursued by Beijing which they say are hampering their activities. They expressed their concern during their interaction with the Indian Ambassador to China, Vikram Misri. Misri, who is on a visit to Shanghai, inaugurated on Friday the Amrut Mahotsav festival, marking the 75 years of India's independence. Inaugurated India@75 #AmrutMahotsav in #Shanghai. A soulful rendition of #Upanishad & #Gita, melodious Sitar/Tabla performance, #Deshbhakti songs, films on musical traditions of #Varanasi & #VaccineMaitri marked the occasion," Misri tweeted. He also interacted with a group of CEOs and representatives of the Indian businesses based in and around Shanghai, the business hub of China. Over 30 officials representing eight sectors such as textiles, pharma, electronics, manufacturing, chemicals and IT etc attended the meeting ..

Bitcoin price surge may be driving up interest in China's digital yuan

China's digital yuan is an example of a central bank digital currency which aims to replace some of the cash in circulation

China's financial regulators draft tougher rules for too-big-to-fail banks

Chinese authorities have started to evaluate systemically important banks this year by measuring assets of the nation's 30 largest lenders.

Tencent's Timi gaming studio generated $10 billion in 2020: Report

The $10 billion would make Timi the world's largest developer, the sources say, which many industry watchers had suspected to be the case

US Prez, Japan PM to discuss concerns on China expansionist moves in April

United States President Joe Biden and Japanese Prime Minister Yoshihide Suga will meet in April to discuss shared concerns about China's expansionist moves.

China aims to vaccinate entire city of 300,000 in 5 days after outbreak

A Chinese border city hit by a fresh outbreak of COVID-19 began a five-day drive on Friday to vaccinate its entire population of 300,000 people

BBC correspondent leaves China with family amid legal threats: Report

A correspondent for the BBC has left Beijing after facing intense pressure and being threatened over British public broadcaster's coverage of issues like Xinjiang and coronavirus

US condemns conviction of seven pro-democracy activists in Hong Kong

The United States condemns the conviction of seven activists who took part in anti-government protests in Hong Kong by the Chinese and Hong Kong authorities

Volkswagen to buy credits from Tesla to comply with environment: Report

Shares in Volkswagen, the world's second-biggest automaker, have soared this year as investors warm to its plans to go electric.

Debt-laden IL&FS announces completion of 49% stake sale in China road asset

Debt-laden Infrastructure Leasing and Financial Services (IL&FS) on Thursday announced completion of 49 per cent stake sale in its Chinese road asset - Chongqing Yuhe Expressway Co Ltd (CYEC). The stake is sold to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund (Tianjin) Co Ltd (PingAn), a fund jointly owned by PingAn Insurance and China Merchants, a release from IL&FS Group said. The transaction will help the group address Rs 2,600 crore of its overall debt of close to Rs 99,000 crore (as of October 2018). The group, through its step-down Singapore-based subsidiary, ITNL International Pte Ltd (IIPL), was holding 49 per cent stake in CYEC. The balance 51 per cent stake in CYEC is held by Chongqing Expressway Group (CEG). IL&FS has duly received Rs 1,035 crore (USD 141.3 million) in Singapore as part of this stake sale transaction, the group said in the release. The amount will be used to pay around USD 88 million of Bank of Baroda loans and the ..