Page 47 - China

Asia shares struggle, dollar soars on lowered Fed rate cut bets

Data on Tuesday showed US consumer prices rose 0.3 per cent in June, in line with forecasts, but the largest gain since January

Nato chief warns India, China, Brazil of US sanctions over Russia ties

Trump didn't name Brazil, China or India but those are three countries that have continued to buy Russian oil and petroleum products in the years since Putin's forces invaded Ukraine in 2022

China's economy grows 5.2% as strong exports mask weak consumer demand

Industrial output rose 6.8 per cent in June from a year earlier, faster than the 5.6 per cent expansion forecast by economists

Donald Trump makes China great again as it grows bolder with India

Assumptions about US' decline are making China bolder and more overbearing in its approach towards India

Leapfrogging the world: China's rise in EVs, green energy and biotech

Driven by state strategy, rapid innovation, and industrial dominance, China's surge in EVs, renewables, and biotech is not just disrupting industries, it's rewriting the global technological order

Labubu craze to power 350% profit surge: Chinese toymaker Pop Mart

Labubu - a plush, pointy-eared, serrated-tooth monster - is the center of a global collectibles craze, with celebrities like Rihanna and BlackPink's Lisa flaunting them

SCO should improve mechanisms to respond to security threats: Xi Jinping

Chinese President Xi Jinping on Tuesday told the foreign ministers of the SCO member states that the grouping should improve mechanisms to respond to security threats and challenges, and build a solid security barrier. External Affairs Minister S Jaishankar was among the foreign ministers and heads of standing bodies of the 10-member Shanghai Cooperation Organisation (SCO) whom Xi met here ahead of their meeting in Tianjin. Xi said that over the past 24 years since its founding, the SCO has always upheld the Shanghai Spirit, grown into a mature and robust organisation, and demonstrated strong vitality. He stressed that in the face of a turbulent and changing international landscape, the SCO must stay focused and confident, act efficiently and play a more proactive role in injecting greater stability and positive energy into the world. Xi said China has always prioritised the SCO in its neighbourhood diplomacy, and is committed to making the organisation more substantive and stronge

Trump's Russia threat puts spotlight on India, China crude oil imports

Russian flows to India reached 2.1 million barrels a day in June, the biggest monthly intake in nearly a year, and close to the record set in May 2023, data from Kpler show

Japan warns of China's military moves as biggest strategic challenge

Japan raised strong caution against China's rapid acceleration of military activity in extensive areas from around its southwestern coasts to the Pacific, describing the moves as the biggest strategic challenge. China's growing joint operations with Russia also pose serious security concerns to Japan, along with increasing tension around Taiwan and threats coming from North Korea, the Defence Ministry said in an annual military report submitted to Cabinet on Tuesday. "The international society is in a new crisis era as it faces the biggest challenges since the end of World War II," the report said, citing significant changes to the global power balance while raising concern about an escalation of the China-US rivalry. The security threats are concentrated in the Indo-Pacific, where Japan is located, and could get worse in the future, report says. Japan has accelerated its military buildup on southwestern islands in recent years, preparing to deploy long-distance cruise missiles, as

China's exports up 5.8% in June as tariffs reprieve prompts rush of orders

China's exports accelerated in June as a reprieve on US tariffs prompted a rush of orders by companies and consumers. Exports climbed 5.8% from a year earlier, up from a 4.8% rise in May. Imports also recovered, growing 1.1% in the first increase so far this year, according to customs data released Monday. Exports to the United States fell 16% but that was less than half the 34.5% drop seen in May. After US President Donald Trump imposed tariffs of up to 245% on imports from China and Beijing responded with its own steep import duties, the two sides agreed to hold back to allow time for talks. But preliminary discussions between the two sides have yet to produce significant progress. In the meantime, the Trump administration has hiked tariffs on imports from China by 35%, pending an Aug 12 deadline for reverting to the higher tariffs Washington and Beijing have delayed for now. The recovery in trade is expected to help boost economic growth in the April to June quarter. The Chines

China's rare-earth metal exports spike to highest level since 2009

China's exports of rare earths in June climbed to their highest since 2009, according to official data, indicating a push by global buyers to get hold of the materials used to make powerful magnets

Competition should not turn into conflict: EAM Jaishankar in Beijing

India and China should build on "good progress" in normalising the bilateral ties to address border-related issues including de-escalation, and it is essential to avoid "restrictive trade measures and roadblocks", External Affairs Minister S Jaishankar said on Monday during talks with his Chinese counterpart Wang Yi. In his opening remarks at the meeting, Jaishankar said the bilateral relations can develop in a "positive trajectory" on the foundation that differences should not become disputes and nor should competition become conflict, adding the ties can be built only on the basis of mutual respect, mutual interest and mutual sensitivity. The external affairs minister said India hopes "zero tolerance for terrorism" will be upheld at the upcoming meeting of the SCO, saying its primary mandate is to combat terrorism, separatism and extremism, comments seen as a reference to Pakistan's support to cross-border terrorism. Jaishankar met Wang hours after he landed in China on a two-day

Jaishankar in China, Air India crash update, Nimisha Priya execution, Jane Street-Sebi row & more

At the SCO Foreign Ministers' meeting in Beijing, S Jaishankar met with Chinese Vice President Han Zheng and called for open dialogue.

'Resumption of Kailash Mansarovar Yatra appreciated': EAM to Chinese VP

During the meeting with Han Zheng, Jaishankar stated that open exchange of views and perspectives between India and China is very important

China's exports regain momentum in June as Trump tariff deadline nears

China's rare earths exports rose 32 per cent in June from May, according to customs data, suggesting that recent agreements to ease the flow of these critical metals may be showing results

China's biotech surge shifts global drug innovation, stirs US tension

Top regulators like the US FDA and EMA are fast-tracking more Chinese drugs, granting priority review and breakthrough designations as they gain confidence in China's biotech innovation

Australia hosts largest-ever military exercise with 19 nations taking part

The largest-ever war fighting drills in Australia, Exercise Talisman Sabre, is underway and expected to attract the attention of Chinese spy ships. Talisman Sabre began in 2005 as a biennial joint exercise between the United States and Australia. This year, more than 35,000 military personnel from 19 nations, including Canada, Fiji, France, Germany, India, Indonesia, Japan, the Netherlands, New Zealand, Norway, Papua New Guinea, the Philippines, South Korea, Singapore, Thailand, Tonga, and the United Kingdom, will take part over three weeks, Australia's defense department said on Sunday. Malaysia and Vietnam are also attending as observers. The exercise will also take part in Papua New Guinea, Australia's nearest neighbour. It is the first time Talisman Sabre activities have been held outside Australia. Chinese surveillance ships have monitored naval exercises off the Australian coast during the last four Talisman Sabre exercises and were expected to surveil the current exercise, .

Taiwan reports increased Chinese military activity around its territory

In response to China's action, Taiwan's armed forces deployed aircraft, naval ships, and coastal missile systems to monitor the situation

Xi Jinping's price-war campaign creates a buzz in China's stock market

Investors are hopeful that a more coordinated policy response to tackle the drivers of deflation is on its way, though Beijing hasn't yet released any plan

Nvidia CEO Jensen Huang to hold media briefing in Beijing on July 16

Nvidia's market value topped $4 trillion for the first time last week, solidifying the chipmaker's position as Wall Street's central player in a race to dominate AI technology