Page 51 - China

Quad launches critical minerals initiative to counter China's dominance

The Quad grouping has launched an ambitious initiative to ensure a stable supply of critical minerals under a broader goal to strengthen economic security amid concerns over China's coercive tactics, including price manipulation and restrictions on the export of the vital resources. The decision on rolling out the "Quad Critical Minerals Initiative" was announced after a meeting of foreign ministers of the member nations of the grouping in the US capital on Tuesday. Critical minerals such as lithium, nickel and graphite are considered vital for high-end technology products, including electric vehicles (EVs), drones, and battery storage. China has been a dominant player in the critical minerals supply chain globally. The meeting was attended by External Affairs Minister S Jaishankar, US Secretary of State Marco Rubio, Australian Foreign Minister Penny Wong and her Japanese counterpart Takeshi Iwaya. In a joint statement, the Quad foreign ministers expressed "deep concern" over the

China confirms President Xi will miss Brics summit, Premier Li to attend

China on Wednesday said Premier Li Qiang will attend the BRICS summit in Brazil later this week, confirming reports that President Xi Jinping will skip the meeting of the emerging economies for the first time since he took over power 12 years ago. Li will attend the 17th BRICS Summit in Rio de Janeiro, Brazil, from July 5 to 8 upon invitation, Foreign Ministry spokesperson Mao Ning told a media briefing here. She, however, parried a question on why Xi, who never missed a BRICS summit during his 12-year tenure in power, decided to skip the event. Prime Minister Narendra Modi will attend the Rio summit. BRICS consisting of Brazil, Russia, India, China and South Africa has been expanded with five additional members Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. The BRICS summit at Kazan in Russia last year became significant as both Modi and Xi met there, breaking the four-year deadlock over the frozen bilateral ties due to the standoff at eastern Ladakh. After their meeting, bot

China insists on final say over next Dalai Lama, rejects Trust role

Beijing passed a law in 2007 to claim authority over Dalai Lama's reincarnation process, stating all such appointments require government approval

Israel urges China to pressure Iran to rein in military, nuclear ambitions

'China is the only one capable of influencing Iran,' Ravit Baer, Israel's Consul General said. 'Iran would collapse if China didn't buy its oil'

Dalai Lama nears 90th birthday: Who will choose the next Buddhist leader?

Tibetan reincarnation traditions face political challenge from China; Dalai Lama expected to clarify on matters of succession on 90th birthday

China ready to discuss trade tariffs and subsidies with US at WTO

Following positive trade talks in Geneva and London, China indicated openness towards discussing tariffs within the WTO

China's manufacturing activity returns to growth in June, Caixin PMI shows

Caixin/S&P Global manufacturing PMI rose to 50.4 in June from 48.3 in May, surpassing analysts' expectations

PM Modi's five-nation tour to focus on critical mineral partnerships

China, the world's biggest producer of rare earth elements, has begun restricting exports of the minerals as it increasingly uses its dominance for geopolitical leverage

Sona Comstar plans domestic magnet production to cut China imports

China, which produces around 90 per cent of the world's rare earth magnets, put restrictions in April on their exports as part of its response to US tariffs

Chinese ruling Communist Party membership crosses 100 million mark: Report

China's ruling Communist Party's membership has crossed the 100 million mark, a report said on Monday. The CPC, founded in 1921, had more than 100.27 million members at the end of 2024, up by nearly 1.09 million from 2023, the report released by the Central Organisation Department (COD) of the CPC said. The CPC had 5.25 million primary-level organisations at the end of 2024, an increase of 74,000 compared with the previous year. Headed by Chinese President Xi Jinping, the CPC is one of the few Communist parties in power. Vietnam, Laos, Cuba and North Korea are governed by the parties claiming ideological affiliation to Marxism and Socialism. Analysts say the growth of the CPC membership was slow due to stricter screening by the COD, the party's top personnel office, the Hong Kong based South China Post reported. The membership data for the previous year was released a day ahead of the July 1 celebrations marking the party's founding. While CPC membership is sought after for its

Sona Comstar plans domestic magnet production to reduce China imports

India, which has the world's third-largest car market and its fifth-largest reserves of rare earths, is working on a new program to incentivise magnet production locally to wean off China

China is not our motherland, says Taiwan's President in defiant speech

Beyond direct military intimidation, Lai said Taiwan also faces 'identity warfare' from China

China shows tech resilience against Trump's export curbs over Rare earths

Tiptoeing around sensitive topics like state subsidies, eight tech executives who addressed reporters downplayed the impact of a yearslong US campaign to curtail China's technological ascent

China's scorching July heatwave to strain power grid as demand surges

Key rice growing areas will also bake in the heat, threatening to damage the crop during a crucial development stage and risking lower output in one of the country's top-producing regions

China factory activity shrinks for third month in June amid weak demand

The official purchasing managers' index (PMI) rose to 49.7 in June from 49.5 in May, remaining below the 50-mark separating growth from contraction

Brics to take up rare earth export curb issue at leaders summit in July

China controls around 70 per cent of global rare earth elements (REE) mining output and accounts for about 90 per cent of the world's processing and refining of rare earth elements

Industrial policy redux: India must counter the Chinese supply grip

China needs nothing critical from India - on the other hand, India needs $115 billion worth of goods every year from China to keep various parts of its economy going

Rare earth curbs to affect ICE vehicles as well: Automobile industry

China accounts for about 70 per cent of global rare earth mining and nearly 90 per cent of rare earth magnet production, giving it overwhelming leverage in this segment

Contribute to stable borders, Xi tells Tibetans near Arunachal Pradesh

Chinese President Xi Jinping on Sunday called on the Tibetan residents of a village situated near the Indian border to contribute towards fostering prosperity and stability in the border areas. "Learning that the village has undergone new changes in recent years and villagers' incomes have increased, I feel happy for you," Xi replied to a letter received from residents of Nyingchi, a prefecture-level area located close to the Arunachal Pradesh border. China claims Arunachal Pradesh as part of South Tibet, which is firmly rejected by India. Xi visited Nyingchi in 2021, becoming the only Chinese president to have visited the border areas of Tibet. Xi, in his letter, voiced hope that Nyingchi residents will, under the guidance of the Communist Party's policies to develop border areas and improve people's lives, do an even better job in protecting the natural beauty of the plateau region, developing the village's tourist brand, and contributing to building a prosperous and stable borde

China rolls over $3.4 billion of commercial loans to Pakistan: Report

Beijing rolled over $2.1 billion, which has been in Pakistan's central bank's reserves for the last three years, and refinanced another $1.3 billion commercial loan