Page 8 - China

China targets tax evasion by sellers on Amazon, other e-commerce sites

Tax bureaus across China in recent months told major platforms to submit some Chinese merchants' third-quarter revenue in a bid to curb underreported sales

Firms seek manufacturing alternatives in Vietnam, India amid US-China rift

A trade truce between the United States and China has calmed nerves, but it won't stop the broader movement of companies to countries like Vietnam

Xi's military purges expose corruption, raise doubts on China's nuke forces

The shake-up in China's armed forces comes as both Beijing and Washington are pushing through major changes in their country's militaries, in different ways

China K visa vs H-1B: Can Beijing lure foreign tech talent from US, Europe?

China K Visa: As the US raises barriers for foreign professionals, Beijing unveils a new K visa offering longer stays, easier entry, and freedom to work or study in science and technology sectors

Tensions rise between Japan, China after PM Takaichi's remarks over Taiwan

Japan was involved in a war of words with China on Monday after Prime Minister Sanae Takaichi said a Chinese attack on Taiwan could constitute a survival-threatening situation" for Japan requiring the use of force. Takaichi, who was elected as the country's first female prime minister last month, said Friday that Chinese use of force around Taiwan would qualify as an existential threat. Her comment sparked sharp criticisms from Beijing over the weekend. We have no choice but cut off that dirty neck that has been lunged at us without hesitation. Are you ready? Chinese Consul General Xue Jian said in a message posted on X, which was later deleted. Xue also criticized past remarks made by former Prime Minister Shinzo Abe and other Japanese lawmakers that of Taiwan emergency is Japan emergency as blatant interference of Chinese internal affairs and violation of sovereignty that require a retraction and apology. On Monday, Japan's Chief Cabinet Secretary Minoru Kihara said Tokyo had ...

China announces curbs on chemicals after Trump deal on fentanyl tariffs

China said Monday it is making good on its pledge to crack down on chemicals that can be used to make fentanyl, a key issue for President Donald Trump during recent talks with Chinese leader Xi Jinping as they aimed to take steps to ease a trade war. Beijing announced new export restrictions on 13 drug-making chemicals to the United States, Canada and Mexico, including those that are used to produce the synthetic opioid blamed for tens of thousands of overdose deaths in the U.S. every year. After meeting Xi in South Korea last month, Trump said China would help end the fentanyl crisis and he would ease a related tariff from 20 per cent to 10 per cent. It shows the back-and-forth nature of U.S.-Chinese cooperation on fentanyl over the years and lessens the recent tensions after Trump launched his campaign of tariffs, including those against the country that is the top exporter of pharmaceutical ingredients, such as the chemicals used to make fentanyl. What the Trump administration ha

US, China suspend mutual shipping probes as trade talks ease tensions

The suspensions remove some costs and uncertainty for an industry that had been facing fees to deliver goods to the US

Securing India's Apple pie: Will Trump's China tilt hit iPhone exports?

India currently enjoys a duty advantage over China in mobile exports to the US. It exports at zero duty; China paid 20 per cent

Glenmark gets China approval for Ryaltris nasal spray for allergies

Glenmark's Ryaltris nasal spray, already approved in the US, EU and other markets, has now secured China's NMPA approval, strengthening its global respiratory portfolio

Nine missing after Chinese fishing boat capsizes off South Korea coast

South Korean rescue workers were searching Monday for nine missing crew members after a Chinese fishing boat capsized off the country's southwestern coast. South Korea's Coast Guard said two crew members were rescued by a nearby cargo vessel after their boat capsized about 150 kilometres southwest of Eocheong island, off the port city of Gunsan. Patrol vessels and aircraft were continuing to search for the missing. The accident came a day after South Korean officials responded to the capsizing of another Chinese fishing boat in international waters about 80 kilometres west of South Korea's southwestern Gageo island, which killed at least two crew members. South Korean officials rescued six others from that boat and were continuing their search for three missing crew members on Monday.

How much of Silicon Valley's AI boom is powered by China's models?

Speculation has been stirring for months that low-cost, open-source Chinese AI models could lure global users away from US offerings. Now it appears they are also quietly winning over Silicon Valley

China grants exemptions to export curbs on Nexperia chips for civilian use

China's commerce ministry has repeatedly said it was protecting global chip supply chains while the Netherlands was failing to take action to resolve the dispute

China Eastern resumes Shanghai-Delhi flights with 95% occupancy

China Eastern Airlines started its Shanghai-Delhi service on Sunday with a 95 per cent occupancy, becoming the first mainland Chinese carrier this year to resume direct flights to India after a gap of five years. Flight MU563, carrying 248 passengers, departed from Shanghai Pudong International Airport for Delhi, the state-run Global Times reported. Indian airline IndiGo will begin its daily Delhi-Guangzhou service from November 10. China Eastern becomes the first Chinese mainland-based airline in 2025 to resume direct passenger flights between China and India, the report said, adding that the Shanghai-Delhi flight achieved a load factor of over 95 per cent. The Shanghai-Delhi route is considered a key corridor linking two major economic centres and is expected to boost exchanges in trade, economy and culture, the report said. Flights between India and the Chinese mainland resumed on October 26 when an IndiGo aircraft landed at Guangzhou in Guangdong province from Kolkata, ending

Gold to remain in corrective phase ahead of crucial US, China macro data

Gold prices are expected to remain in a corrective phase in the coming week ahead of the crucial US inflation data, continuing uncertainties over trade tariffs and key economic numbers from China, analysts said. Traders will also closely watch comments from US Federal Reserve officials for clarity on the monetary policy outlook, which is likely to steer the near-term direction for bullion prices, they added. "Gold prices are expected to see some consolidation or more correction as focus will be on the inflation numbers, US Supreme Court hearing on tariffs, speeches from Fed officials, and Chinese data," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. He said that although gold prices ended the week slightly lower, the metal is largely stuck in a range, capped on the upside by a stronger dollar and sluggish physical demand as retail buyers stayed away on the sidelines in anticipation of further price correction. However, Mer noted ..

India's deeptech market to reach $30 billion by 2030: Redseer report

India's deeptech sector is likely to witness exponential growth, with its market opportunity projected to reach USD 30 billion by 2030, driven by defence innovation and a surge in global robotics, according to a report by Redseer Strategy Consultants. India has observed a significant shift in spending towards defence deeptech, with the national defence budget doubling over the past decade to USD 80 billion. This expansion surpasses growth rates recorded by top global spenders, such as the US and China, during the same period. "India's deep tech opportunity has grown 2.5 times in the past 5 years and is poised to be a USD 30 billion juggernaut by 2030. India is emerging as the only trusted, low-cost scale hub outside China. Its deeptech base, i.e. USD 9-12 billion as of FY2025, is being pulled forward by spending in India's defence deeptech and global robotics," the report noted. India's emerging status as a trusted, low-cost global hub outside China is being cemented by deeptech ...

China's producer price deflation eases in October as consumer prices rise

China's economic growth slowed to its weakest in a year in the third quarter, and the youth unemployment rate remained elevated despite a dip in September

China races to unlock secrets of longevity with billion-dollar drive

Longevity labs, 'immortality islands' and grapeseed pills are part of China's national project to conquer aging, despite sometimes shaky science and extravagant claims

Chinese company bags contract to print Nepal's Rs 1,000 bank notes

A Chinese company has bagged a contract to design and print 430 million pieces of Nepal's Rs 1,000 denomination banknotes, officials said on Saturday. Nepal Rastra Bank (NRB) issued a letter of intent to the China Banknote Printing and Minting Corporation on Friday for the design, printing, supply and delivery of the notes, the bank officials said. The total project cost has been fixed at USD 16.985 million, according to the Currency Management Department of the bank. The Chinese company was selected on the basis of the lowest evaluated bid. The firm has previously printed Nepalese banknotes of Rs 5, Rs 10, Rs 100, and Rs 500 denominations, the officials said.

Musk expects Tesla's full self-driving software to get China's nod in 2026

The Tesla system, known as FSD for short, has been partially approved in China since February. Before that Tesla owners could use a less advanced and cheaper autopilot option

Nvidia has no plans to ship AI chips to China amid standoff: Jensen Huang

The 62-year-old founder has repeatedly said he'd like to do more business in China, but political tensions between the American and Chinese governments have derailed those ambitions