Page 48 - China

China's economy shows signs of strain in July, retail sales lose momentum

China's retail sales rose by 3.7 per cent year-on-year in July, slowing from 4.8 per cent in June, based on figures released by the National Bureau of Statistics

China to launch new visa for STEM talent as Trump cracks down on immigrants

China will launch a K Visa from October 1, 2025, to attract young foreign science and tech talent, offering flexible stay rules and no local job requirement

China's economy lags in July amid tariff pressure, weak property market

China's economy showed signs of slowing in July as factory output and retail sales slowed and housing prices dropped further, according to data released Friday. Uncertainty over tariffs on exports to the United States is still looming over the world's second-largest economy after President Donald Trump extended a pause in sharp hikes in import duties for 90 days, beginning Monday, following a 90-day pause that began in May. As officials worked toward a broader trade agreement, China reported earlier that its exports surged 7.2% in July year-on-year, while its imports grew at the fastest pace in a year, as businesses rushed to take advantage of the truce in Trump's trade war with Beijing. But that also reflected a lower base for comparison, and manufacturers have slowed investments, hiring and production as they watch to see what comes. Chinese manufacturers also have ramped up shipments to Southeast Asia, Africa and other regions to help offset lost business in the US. Still, annua

China confirms talks with India, to share Wang Yi visit details soon

Chinese Foreign Ministry spokesperson Lin Jian said, China and India are maintaining interactions at various levels

India falls out of favour, optimism returns for China: BofA survey

Bank of America survey finds India now least preferred Asian equity market as tariffs hit sentiment, while China gains on growth hopes and Japan retains top spot

Indian govt engaging with China on rare earth magnet issue: Official

India is engaging with Chinese authorities on the issue of restrictions on rare earth magnet exports, and domestic firms have received visas to visit China as part of efforts to ensure the supply chain remains unaffected, a senior official said on Thursday. The Chinese government in April imposed restrictions, mandating special export licences for seven rare earth elements and related magnets. "Efforts are on. In fact, when we last approached the Embassy of China , they had also issued visas to our companies, and they are in touch with Chinese authorities, and they are also finding means and ways by which the supply chain does not get impacted. So efforts are on in that direction," the official said. The automobile industry has sought government support in expediting approvals from the Chinese government for importing rare earth magnets used in various applications, including passenger cars. Critical materials include samarium, gadolinium, terbium, dysprosium, and lutetium, which a

China braces for heavy rains as Podul makes landfall in southern provinces

China braced Thursday for heavy rains as Tropical Storm Podul made landfall in several southern provinces and thousands of people were evacuated. Fujian, Guangdong and Guangxi provinces were the focus of the preparation efforts, but alarms were at a relatively low level given the storm's loss of strength as it passed over Taiwan on Wednesday. About 15,000 people had been evacuated from seaside areas in southern China as of Wednesday, according to the official Xinhua News Agency. Podul made landfall shortly after midnight on Thursday in Fujian classified as a tropical storm downgraded from a typhoon and it has also triggered alarms in inland Hunan province, which is home to several lakes and rivers that often overflow. In Guangdong's Chaozhou city, classes and some government functions were suspended, while court proceedings were suspended in Hong Kong after it raised its highest rainstorm warning. The Hong Kong Observatory said the storm was moving away from the partially autono

Starbucks struggles to find new identity amid fierce competition in China

The stake sale exercise is underscoring Starbucks' identity crisis in China as it tries to salvage a flagging legacy business amid fierce domestic competition

China, US clash over destroyer near Scarborough Shoal amid rising tensions

In a statement, the Chinese military's Southern Theatre Command said the USS Higgins had entered the waters "without approval of the Chinese government" on Wednesday

Nvidia, AMD China revenue deal could be model for others, says Bessent

Asked about reporting that China is urging its companies to avoid the Nvidia H20 processors now allowed for its market, Bessent said "sure, we can discuss that" with the Chinese

Chinese FM Wang Yi to visit India next week for border talks with NSA Doval

Chinese Foreign Minister Wang Yi is set to visit India on Monday to hold talks with National Security Advisor Ajit Doval under the mechanism of Special Representatives on the border issue, authoritative sources said. Wang is travelling to India days ahead of Prime Minister Narendra Modi's planned trip to the Chinese city of Tianjin to attend the annual summit of the Shanghai Cooperation Organisation (SCO). The Chinese foreign minister is visiting India primarily to hold the next round of Special Representatives (SR) dialogue on the boundary question, the sources said on Wednesday. Wang and Doval are the designated SR for talks on the boundary issue. Doval travelled to China in December last year and held the SR talks with Wang, weeks after Modi and Chinese President Xi Jinping decided to revive various dialogue mechanisms between the two sides at a meeting in the Russian city of Kazan.

China to continue anti-dumping tariff on Indian fibre optic products

China first imposed the tariffs in 2014 and had extended them in August 2020

Foreign firms linked to up to 30% of China's carbon emissions, says study

Foreign companies drove a quarter of China's corporate emissions over two decades, with poorer inland provinces shouldering most of the environmental costs

Why two Chinese ships' collision has become a flashpoint in South China Sea

Two Chinese vessels collided during a confrontation with Philippine ships near Scarborough Shoal, raising tensions and fresh questions over maritime coordination

India-China thaw takes shape as PM Modi embraces Brics over Trump

The blow from India's largest trading partner hit hard, especially after PM Modi had lavished praise on Trump and was among the first foreign leaders to visit after his return to the White House

Panama Canal set to enter ports business as Trump-China feud simmers

Though China has no role in operating the canal, Hong Kong-based conglomerate CK Hutchison Holdings Ltd has operated ports on the Atlantic and Pacific sides

Evergrande delisting over $45 billion debt deepens China property crisis

The delisting comes as liquidators sifting through the books revealed that the developer's debt load now stands at about HK$350 billion ($45 billion), much bigger than previously disclosed

China asks companies not to use Nvidia H20 chips in a new guidance

Over the past few weeks, Chinese authorities have sent notices to a range of firms discouraging use of the less-advanced semiconductors, people familiar with the matter said

Asia stocks mostly on the rise as tariff truce supports sentiment

Markets have held modest ranges in recent weeks, waiting to see whether the world's two largest economies can agree on a durable trade deal or if global supply chains will again be upended

Trump opens door to sales of version of Nvidia's next-gen AI chips in China

Trump's administration halted sales of Nvidia's H20 chips to China in April, but the company said last month it had won clearance to resume shipments and hoped to start deliveries soon