Page 81 - China

Company can decide on its acquisition: China on Trump's offer for TikTok

China reacted cautiously to US President-elect Donald Trump's offer that 50 per cent of the TikTok ownership should be in American hands, saying such decisions should be independently made by companies while emphasizing that Chinese laws apply to local firms. When it comes to actions such as the operation and acquisition of businesses, we believe they should be independently decided by companies in accordance with market principles," Chinese Foreign Ministry spokesperson Mao Ning said on Monday. She, however, highlighted the conditions attached to Chinese firms, saying that they should abide by local laws. If it involves Chinese companies, China's laws and regulations should be observed," she said. Ahead of the swearing-in on Monday, Trump said that he would temporarily block a nationwide ban on TikTok with an executive order that would give more time to the popular short video-sharing platform to work out a deal to keep the ban from becoming permanent. At the same time, he offere

China's BYD to complete $1 billion Indonesia plant by year-end: Report

The plant, which is being built at an industrial complex in Subang, West Java, will have a production capacity of 150,000 EV units annually

China executes two men involved in 2024 deadly social revenge killings

Chinese authorities on Monday executed two men who were involved in carrying out deadly social revenge killings with a car and knife last year, according to a media report. The authorities on Monday executed a 62-year-old man who drove his car into people exercising outside a stadium last year, killing 35 people and injuring over 40, the report said. Fan Weiqiu, who was stated to be angry over the division of the property after his divorce, carried out the attack a day before the Chinese military held its prestigious air show in Zhuhai City. He was executed less than a month after a court sentenced him to death. The Zhuhai Intermediate People's Court held a public trial of Fan for the crime of endangering public safety by dangerous means in accordance with the law, the state-run Xinhua news agency reported. The court termed his motive "extremely vile" and "the methods" used by him "particularly cruel". Also, officials on Monday executed Xu Jiajin, a man convicted of killing eight

Chinese cos race to launch products Bridgewater-style, eyeing Trump return

The highly sought-after Bridgewater onshore China strategy eclipsed most rival hedge fund products last year with an eye-popping 37% return

'Something needs to change,' Elon Musk questions X's ban in China

He, however flagged off an imbalance, stating that though TikTok is allowed to operate in the US, X is banned in China.

Country Garden expects to reach terms with creditors in Feb, tells lawyer

Country Garden said earlier this month it has proposed to creditors a debt restructuring that would cut its offshore debt worth $16.4 billion by 70 per cent

China's oil demand fading faster than expected, posing risks for producers

Combine domestic refinery processing with net exports of gasoline, diesel and the like, and the consumption of petroleum is about 300,000 daily barrels lower than in 2023

From backing a ban to being hailed as saviour: Inside Trump's TikTok shift

During his first term as president, Donald Trump led the effort to ban TikTok, the hugely popular video-sharing app he said posed a threat to US national security. But on the eve of his return to the White House, the president-elect is being hailed as the app's saviour. After going dark for users this weekend, Trump said on his social media site that he would issue an executive order after he's sworn in for a second term on Monday to delay a TikTok ban "so that we can make a deal to protect our national security". He said the order would make clear that companies will not be held liable for violating a law that aimed to force TikTok's sale by its China-based parent company. Hours later, the app returned, much to the relief of its legions of dedicated users. "Thanks for your patience and support. As a result of President Trump's efforts, TikTok is back in the US!" read the announcement. Trump's legal authority to unilaterally decide not to enforce the law, which passed with ...

Taiwan detects 4 Chinese aircraft, 6 vessels around its territory

Among them, three aircraft crossed the median line and entered Taiwan's southwestern and eastern Air Defense Identification Zone.

China faces Trump's return just as its reliance on exports increases

China's record trade surplus of nearly $1 trillion last year was equivalent to more than 5 per cent of its gross domestic product, the highest level since 2015

Keen to have mfg in India, visa issue not affecting operations: BYD

China's electric vehicle major BYD is keen to have manufacturing operations in India as soon as 'all factors' suggest a 'go ahead' and the plan is under constant evaluation, according to a top official of the company's Indian arm. Despite the political tension between India and China resulting in visa issues, the company has not felt any impact of it on its operations in the country and has also found acceptance of its products from the 'pragmatic' Indian customers, BYD India Head of Electric Passenger Vehicles (EPV) Business Rajeev Chauhan told PTI. In an interaction on the sidelines of the Auto Expo held as part of the Bharat Mobility Global Expo 2025, he said the company, which unveiled its premium electric SUV SEALION 7, will be considering the homologation route for more models to be able to sell more vehicles in India. "These kinds of plans, manufacturing plans are constant evaluation which we are doing...We are keen, we would love to do that as soon as all factors suggest tha

BYD to keep focus on launching EVs in Rs 25-45 lakh range: India Head

Chinese EV manufacturer unveiled Sealion 7 for Indian market at Bharat Mobility Global Expo

Chinese manufacturers in Mexico brace for potential US tariffs under Trump

The proximity to the US market, combined with cheap labour, has made Mexico an attractive location for Chinese manufacturers

Taiwan detects 9 Chinese military aircraft, 6 vessels around its territory

In recent weeks, China has been visibly boosting its ability to invade Taiwanese beaches with innovative new naval equipment

Pakistani, Chinese companies ink $250 million MoUs to boost medical sector

Pakistani and Chinese companies have signed pacts worth around USD 250 million to boost trade in the medical and surgical sector, according to media reports on Saturday. The Memoranda of Understanding (MoUs) were signed at the China-Pakistan B2B conference in the medical equipment and surgical instrument sector in Beijing on Friday, reported Radio Pakistan. This collaboration aims to steer more Chinese companies to engage in trade and set up joint ventures in Pakistan in the medical instrument sector, the report stated. The Associated Press of Pakistan (APP) reported that Pakistan's embassy in Beijing confirmed the signing of three MoUs during the conference. The embassy said it hosted, in collaboration with the Board of Investment (BOI), the sixth moot in a series of sector-specific B2B matchmaking meetings focused on investment partnerships between Pakistan and China in the medical sector. Over 80 Chinese companies and associations and more than 20 Pakistani companies participat

More countries are grappling with shrinking and aging populations

A growing number of countries are confronting the dual challenges of population decline and aging, as younger generations opt to have fewer children and advances in healthcare extend life expectancy. China said Friday that its population fell for the third straight year in 2024, falling by almost 1.4 million to 1.408 billion. Elsewhere in Asia, Japan's population has been falling for 15 years, while South Korea's growth turned negative in 2021. In Italy, the number of births has fallen below 400,000 for the first time since the 19th century. The population has peaked in 63 countries and territories, about half in Europe, the United Nations says. The UN projects another 48 will hit their peak over the next 30 years. Globally, the population of 8.2 billion people is still growing, with the UN projecting it will reach 10.3 billion in roughly 60 years and then start to decline. For many countries with shrinking populations, the slow-moving but hard-to-reverse trend has prompted ...

China's population decline continues for third year in a row: Here's why

Population decline is not unique to China, East Asian countries such as Japan and South Korea, have also experienced decreases in birth rates

Chinese firms rent fake office spaces for unemployed to 'pretend to work'

To avoid the stigma of unemployment, individuals in China are renting fake office spaces for around $4 a day, enabling them to maintain appearances with family and friends

China successfully launches Pakistani satellite 'PRSC-EO1' into space

China successfully launched a Pakistani satellite into space from the Jiuquan Satellite Launch Center on Friday. The satellite, named PRSC-EO1, was launched at 12:07 p.m. (Beijing Time) by a Long March-2D carrier rocket and entered its planned orbit successfully, state-run Xinhua news agency reported. The rocket also carried two other satellites - Tianlu-1 and Lantan-1. This launch marked the 556th flight mission involving the Long March carrier rocket series. China has been launching satellites for Pakistan in the last few years broadening their all-weather alliance into the space arena. Last year, China launched a multi-mission communication satellite for Pakistan. In 2018, China sent two Pakistan satellites into orbit. The PRSS-1, Pakistan's first optical remote sensing satellite, and the PakTES-1A, a smaller observation craft.

New home prices in China flat for first time in 18 months after govt push

Beijing rolled out a slew of measures in the second half of last year to stabilise the real estate market, including cutting mortgage rates and allowing local governments to buy unsold housing units