Page 9 - China

Trump team questions ASML over fears banned EUV chip machine reached China

ASML is scrambling to rebut US concerns that its advanced EUV chipmaking technology may have reached China despite export curbs

Chinese FM Wang Yi to attend BRICS NSA meeting in New Delhi next week

Chinese Foreign Minister Wang Yi will attend the meeting of the National Security Advisors of BRICS countries to be held in New Delhi on June 22-23, Beijing announced on Thursday. The BRICS National Security Advisors Meeting is a high-level platform that brings together the National Security Advisors (NSAs) of the 11 BRICS member-states to exchange views on key security challenges. Wang Yi will attend the meeting upon invitation, Chinese Foreign Ministry spokesperson Lin Jian told a media briefing in Beijing. Wang will exchange views with other BRICS member states on the current international security situation and major international and regional issues, Lin said. The Chinese foreign minister is also a member of the Political Bureau of the ruling Communist Party of China and Director of the Office of the Central Foreign Affairs Commission. The meeting will also discuss joint responses to traditional and non-traditional security challenges and make preparations for the BRICS summi

Taiwan says Chinese pressure on countries over it is 'new normal'

Attempts by China to exert pressure on other countries to limit Taiwan's access to international events has become "the new normal", the island's foreign minister has said. Lin Chia-Lung was speaking on Wednesday after Taiwanese delegates were detained in Kenya and denied access to an ocean conference, reportedly due to Chinese pressure on the organisers, according to Taiwan's Foreign Ministry. China regards Taiwan, a self-ruled democracy, as a breakaway province and has not renounced the use of force to annex it. In recent months, Beijing has ramped up a campaign of pressuring other countries to limit the access of Taiwanese officials or delegates to various events. In April, Taiwan's president postponed a planned visit to the African nation of Eswatini after three countries withdrew permission for him to fly over their territories after pressure from China, his office said. He arrived days later, on a plane chartered by Eswatini's king. In the latest incident, two Taiwanese ...

Microsoft builds strong AI presence in China by selling OpenAI models

Social media and AI giant ByteDance Ltd. has generally been Microsoft's biggest AI customer in recent years, largely using OpenAI models

China's industrial output rises 4.5% in May but retail sales contract

The reading beat expectations of a 4.3 per centincrease in a Reuters poll

China's retail sales fall for first time since 2022 as consumption slows

Retail sales, a key gauge of consumption, slid 0.6 per cent in May, reversing April's 0.2 per cent rise and below the estimated 0.0 per cent, the first monthly fall since December 2022

China's challenge to US tech supremacy grows as AI race reshapes rivalry

Geopolitical tensions and the US steps to keep China from catching up in AI and in chip technology has created two distinct worlds

China issues new rules for financial services data in cybersecurity push

Cybersecurity regulator says sector data will be classified into four levels based on importance, sensitivity and potential harm from leaks

China condemns US move to blacklist major tech firms over military links

The list includes a broad swathe of China's top technology firms key to advancing Beijing's military and industrial prowess, reflecting Washington's security concerns

Gold demand in India slightly improves as prices slip; China premiums ease

Gold prices in India ​dropped to their lowest since April 2 at ₹146,444 per 10 grams ‌on Thursday, and are down 1.5 per cent for the week so far

China lures foreign patients with cutting-edge, low-cost medical care

China is pushing to upgrade its economy and reshape its global image from just a manufacturing hub into a provider of high-value services, and demand for medical tourism is surging

China exports surge 19.4% in May as exporters rush orders, ride AI wave

Exports expanded 19.4 per cent from a year earlier in U.S. dollar value terms, customs data showed on Tuesday, outpacing the 14.1 per cent gain in April and a 15 per cent rise tipped by economists

Xi Jinping hails 'new start' in ties ahead of summit with Kim Jong Un

China's ‌unwavering policy is to develop ties with the ​North and both will strengthen exchanges in all ​areas, Xi Jinping said ahead of his visit

China's global ecommerce push slows as Iran war lifts costs, weakens demand

The business models, based on flying $5 dresses from Chinese factories to shoppers, were already under pressure after Trump introduced tariffs and axed customs waivers on low-value parcels last year

Indian firms got less govt support than Chinese peers in 2005-24: Report

Indian firms received significantly lower government support than their Chinese counterparts during 2005-2024, according to an OECD (Organisation for Economic Co-operation and Development) report. OECD MAGIC Database of Industrial Subsidies measures what firms actually receive (not what governments disclose), covering 525 of the world's largest manufacturers across 15 key sectors over 2005-24, through three instruments: grants, income-tax concessions, and below-market borrowings (cheap state-bank loans). "Between 2005 and 2024, Chinese firms received on average three to eight times more government support than firms based in the OECD, a conservative estimate. These subsidies were also considerably higher than the support received by firms based in non-OECD economies such as Brazil, India, and Indonesia," the report said. This reflects one of the key factors behind China's manufacturing competitiveness. The OECD is an inter-governmental body comprising 38 mostly advanced economies t

China puts EVs on a diet as battery boom makes cars heavier: Report

The trend is drawing attention as larger vehicles put pressure on existing infrastructure. Some EVs are becoming too large for parking spaces designed under standards introduced a decade ago