Page 69 - China

India better off than key export rivals China, Vietnam: ICEA on US tariffs

The imposition of 27 per cent tariffs by the US still positions India more favourably compared to electronics export rivals like China, Vietnam, and Indonesia, as these nations face even higher rates, according to the India Cellular and Electronics Association (ICEA). That said, the true long-term inflection point for India's electronics trade with the US will hinge on the successful conclusion of a bilateral trade pact, the industry body said. The comment assumes significance as the US has slapped a 27 per cent tariff on imports from India. "While some countries like Brazil and Egypt enjoy marginally better tariff outcomes, India's positioning, particularly with China and Vietnam facing combined tariffs of up to 54-79 per cent, (China) and Vietnam at 46 per cent offers a valuable near-term window of export competitiveness," Pankaj Mohindroo, Chairman of ICEA said. He, however, added in the same breath that "the true long-term inflection point for India's electronics trade with the

Taiwan records heightened Chinese military activity around its territory

As per the MND, 76 aircraft, 15 naval vessels and 4 official ships were detected

Day after military exercise, China conducts live-fire drills near Taiwan

The US government condemned the military drills, with the State Department issuing a statement calling China's actions "aggressive"

US seeks peaceful resolution of cross-strait issues: WH on China-Taiwan

Leavitt said President Trump emphasised the importance of maintaining peace in the Taiwan Strait, adding that US encourages peaceful resolution of cross-strait issues

India, China made promising beginnings to repair ties: Foreign secy

India and China have made "promising" beginnings to repair their ties in the last five months and a "durable base" for rebuilding the relations depends on a threefold formula of mutual respect, mutual sensitivity and mutual interest, Foreign Secretary Vikram Misri said on Tuesday. As two large neighbours in an important part of the world, a stable bilateral relationship between India and China would contribute to humanity as a whole, he said. The foreign secretary was speaking at an event hosted by the Chinese embassy on the occasion of the establishment of the 75th anniversary of diplomatic relations between the two countries. It was for the first time that a high-level Indian official attended an event hosted by the Chinese embassy since the ties between the two neighbours came under severe strain following a clash at Galwan Valley in eastern Ladakh in June 2020. Top leaders from the two countries also exchanged messages Tuesday on the 75th anniversary of bilateral relations, wit

India, China share congratulatory messages on 75th diplomatic anniversary

Leaders of India and China exchanged congratulatory messages on Tuesday marking the 75th anniversary of bilateral relations amid the efforts to reset the ties after over four years of freeze due to the eastern Ladakh military standoff. Today marks the 75th anniversary of the establishment of diplomatic relations between India and China, Chinese Foreign Ministry spokesman Guo Jiakun told a media briefing here answering a question. President Xi Jinping and his Indian counterpart Droupadi Murmu besides Chinese Premier Li Qiang and Prime Minister Narendra Modi exchanged congratulatory messages respectively, he said. Both countries are ancient civilisations, major developing countries and important members of the Global South and both are in a crucial stage of modernisation, Guo said.

China's military launches joint exercises around Taiwan amid US warnings

China's latest military exercises, involving its army, navy, and air force, simulate a blockade and assault on Taiwan, days after US Defense Secretary Pete Hegseth vows to counter China's aggression

US sanctions six Chinese and Hong Kong officials for rights abuses

Western countries have criticized Beijing for imposing the national security law on Hong Kong and using it to jail pro-democracy activists

BlackRock's CEO Larry Fink warns of protectionism amid private market push

Fink wrote in his annual chairman's letter that too many people are currently missing out on prosperity in twin-speed economies

'7 Indian states are landlocked': Yunus calls Bangladesh 'ocean guardian'

During his four-day visit to China, Bangladesh's interim government chief Muhammad Yunus signed nine bilateral deals on economic cooperation, infrastructure, and technical development

China's Manus turns AI agent into subscription service with plans from $39

The advanced subscription lets users run up to five tasks simultaneously and gives them more computation credits, according to the company's website

US defence secy calls Japan indispensable amid rising Chinese aggression

US Defense Secretary Pete Hegseth called Japan on Sunday an "indispensable partner" in deterring growing Chinese assertiveness in the region and announced upgrading the U.S. military command in Japan to a new "war-fighting headquarters." Hegseth, who is on his first Asia trip with Japan as his second stop, also stressed the need for both countries to do more to accelerate the strengthening of their military capability as the region faces China's assertive military actions and a possible Taiwan emergency. Japan is our indispensable partner in deterring Communist Chinese military aggression, Hegseth said at the beginning of his talks with Japan's Defense Minister Gen Nakatani in Tokyo. "The US is moving fast, as you know, to reestablish deterrence in this region and around the world." His comments come as an assurance at a time when Japan has been worried about how US engagement in the region may change under President Donald Trump's America First policy, Japanese defense officials ..

China's manufacturing at 12-month high on strong orders, PMI rises to 50.5

The non-manufacturing PMI, which includes services and construction, accelerated to 50.8 from 50.4

S Korea, China, Japan agree to promote regional trade as Trump tariffs loom

The countries' three trade ministers agreed to 'closely cooperate for a comprehensive and high-level' talks on a South Korea-Japan-China FTA

Love at first sale? 31 men tricked by 'girlfriend' estate agents in China

31 men in China thought they had found love, only to realise their 'girlfriends' were estate agents using romance to close property deals

UBS gets regulatory approval to fully own China securities joint venture

The approval wraps up a series of complicated transactions following UBS's merger with Credit Suisse, including the former's sale of a 36.01% stake in Credit Suisse Securities in China to BSAM

Alibaba unveils new AI model in Qwen series for multimodal processing

Alibaba said in a statement that its new Qwen2.5-Omni-7B system demonstrated particularly high performance in speech understanding and generation

BYD to set up first India EV factory near Hyderabad, eyes 600K cars yearly

The Telangana government has suggested three potential sites for the facility, all located near Hyderabad for the proposed BYD plant

Pak denies reports about deployment of Chinese military within its borders

Pakistan on Thursday denied reports about the deployment of the Chinese military in the country to protect its citizens after several terrorist attacks in recent months. "I completely deny this. No Chinese forces are being deployed in Pakistan. This is totally false. There is no credibility to these reports, Foreign Office spokesperson Shafqat Ali Khan said when asked about the issue at a press briefing here. He said Pakistan was committed to ensuring the security of Chinese personnel in Pakistan and talks on the issue are part of that arrangement, while he rejected reports about the deployment of Chinese military in Balochistan. The banned Baloch Liberation Army (BLA) accuses China and Islamabad of exploitation of the resource-rich province, a charge rejected by the authorities. The group has carried out attacks against Chinese interests in Pakistan. Khan said that a recent UN experts' statement regarding detainees in Balochistan lacked balance and proportionality, and it downplay

Bangladesh's Chief Adviser Yunus urges China to cut interest on loans

Gearing up for his meeting with President Xi Jinping, Bangladesh's Chief Adviser Muhammad Yunus on Thursday asked China to reduce interest rates for Chinese loans and waive commitment fees on Chinese-funded projects. Yunus, who met Chinese Executive Vice Premier Ding Xuexiang on the sidelines of the Boao Forum for Asia Annual Conference in Hainan, sought Chinese support in an array of developments, Bangladesh media reports said. He also called for a reduction of interest rates for Chinese loans from three per cent to 1-2 per cent to Bangladesh and sought a waiver of commitment fees on the Chinese-funded projects in Bangladesh. China is Bangladesh's fourth-largest lender after Japan, the World Bank and the Asian Development Bank, with total loans disbursed since 1975 coming to USD 7.5 billion, according to a report in the Daily Star newspaper of Bangladesh. Yunus, who arrived in Hainan on Wednesday on a four-day visit, is due to meet President Xi on Friday. In his meeting with Ding