Page 2 - Chinese Governance System

China solar panel makers seek government action to halt freefall in prices

Financial incentives and a government push have helped China become the solar panel factory of the world

China's central bank to resume gold buying as prices ease, analysts say

After adding to its gold reserves for 18 consecutive months, official data from the People's Bank of China (PBOC) showed its holdings were unchanged in May

Modi responds to Taiwan Prez Lai Ching-te's wishes, seeks closer ties

China opposes nations that it has official diplomatic ties with from having contact with Taiwan

Hong Kong needs to reinvent itself to retain competitive edge: Mark Mobius

He pointed to the growing rivalry between the US and China over tech and AI as an area that Hong Kong could leverage

China congratulates PM Modi, NDA on their victory in general elections

China on Wednesday congratulated Prime Minister Narendra Modi on the victory of the BJP-led NDA coalition in the general elections and said it stands ready to work with India bearing in mind the overall interests of bilateral ties. The Election Commission of India has declared results for all Lok Sabha constituencies, with the Bharatiya Janata Party (BJP) winning 240 of the 543 seats and the Congress 99. The BJP-led NDA is comfortably above the majority mark of 272 in the 543-member Lok Sabha, the BJP has fallen short of the magic number for the first time since 2014. "We noted the results of India's general election and extend congratulations on the victory of BJP led by Prime Minister Narendra Modi and NDA," Chinese Foreign Ministry spokesperson Mao Ning said. A sound and stable India relationship is conducive to the interests of both the countries and conducive to the peace and development in the region and beyond, she told a media briefing here answering questions on the outcom

Taiwan detects 26 Chinese fighter aircraft, 10 naval ships around nation

19 out of 26 Chinese military Aircraft crossed the median line, which bisects the Taiwan Strait and separates the island from China

China to reinstate tariffs on 134 items under Taiwan trade deal next month

The suspension of the tariff concessions are due to take place from June 15 and would apply to products imported from Taiwan including base oils, the ministry said

China declines invitation to Swiss peace conference on Ukraine next month

Beijing declined the invitation because the conditions for them to participate were not met, including the participation of both Russia and Ukraine

China considers record penalty for PwC over Evergrande auditing work

PwC has been under the spotlight after China launched one of the biggest investigations of financial fraud in history involving developer Evergrande

China hosts Arab leaders at summit focused on trade, Israel-Hamas war

Chinese President Xi Jinping called for an international peace conference focused on the Israel-Hamas war and promised more humanitarian aid as he opened a summit with leaders of Arab states Thursday in Beijing. As war is raging causing tremendous suffering, justice can't be absent and the two-state solution can't be shaken, Xi said in a speech opening the China-Arab States Cooperation Forum. He called on Arab states to deepen cooperation in areas such as trade, clean energy, space exploration and health care. The summit attended by heads of state from Egypt, the United Arab Emirates, Bahrain and Tunisia among others was set to focus on China's expanding trade ties and on security concerns related to the Israel-Hamas war. Beijing and the Arab states back the Palestinians in the conflict, where Israel is facing growing international condemnation after the strike in the southern Gaza city of Rafah in which at least 45 were killed over the weekend. The overall Palestinian death toll

Hong Kong court convicts 14 pro-democracy activists under China imposed law

A Hong Kong court on Thursday convicted 14 pro-democracy activists in the city's biggest national security case under a law imposed by Beijing that has all but wiped out public dissent. Those who were found guilty included former lawmakers Leung Kwok-hung, Lam Cheuk-ting, Helena Wong and Raymond Chan. But the three judges approved by the government to oversee the case acquitted two former district councilors Lee Yue-shun and Lawrence Lau. They were among 47 democracy advocates who were prosecuted in 2021 for their involvement in an unofficial primary election. Prosecutors had accused them of attempting to paralyse Hong Kong's government and topple the city's leader by securing the legislative majority necessary to indiscriminately veto budgets. Some of Hong Kong's best-known pro-democracy activists charged in the city's biggest national security case will begin to hear their verdicts as early as Thursday, facing up to life in prison if convicted under a law imposed by Beijing that h

China accelerates construction of automated, efficient, intelligent ports

/ -- A report from People's Daily: As one steps into the fully automated container terminal at Rizhao Port in east China's Shandong province, a remarkable sight unfolds - remote-controlled quay cranes precisely grabbing and releasing containers, automated rail-mounted cranes and unmanned container trucks working in coordination... Human operators are scarcely visible at the terminal, yet operations run smoothly and efficiently. As the first side-loading and parallel-layout fully automated container terminal in the world, the terminal employs China's BeiDou Navigation Satellite System and 5G technology, and has launched six domestically developed and industry-first innovative technologies, including a scheduling system for autonomous container trucks. The pioneering facility has made remarkable progress since it was put into use on Oct. 9, 2021 - its single-crane operational efficiency improved by 50 percent and overall costs lowered by 70 percent. Besides, the single-crane handling .

China's industrial profits swung back to positive in April: NBS data

For April alone, profits were up 4.0 per cent, versus a 3.5 per cent slide in March

Hong Kong will keep a watch for non-compliance with ban on protest song

Hong Kong's leader said Tuesday his administration would keep monitoring for any non-compliance with a court order that bans a popular protest song, days after YouTube blocked access to dozens of videos of the tune in the city. The ban targets anyone who broadcasts or distributes Glory to Hong Kong popularly sung during huge anti-government protests in 2019 to advocate for the separation of the city from China. It also prohibits any actions that misrepresent the song as the national anthem with the intent to insult the anthem. In his weekly news briefing, Chief Executive John Lee said if the government found any instances of non-compliance, it would then notify the relevant internet platforms about the content of the injunction. I believe that operators in general operate within the law, so we will continue to monitor the situation, Lee said. The court ban sought by the government has raised concerns over a further decline in the city's freedom of expression and internet freedom.

Xi's visit to Hungary, Serbia brings new Chinese investment in Europe

When Chinese President Xi Jinping visited Hungary last week, he arrived to one of the few places in the European Union where his country is considered an indispensable ally rather than a rival. By the time he left on Friday, he'd secured deals that provide fertile ground for China's plans of economic expansion in Europe. After meeting with nationalist Prime Minister Viktor Orban on Thursday, the leaders addressed a small group of select media in Hungary's capital, Budapest, announcing the formation of an all-weather partnership" that would usher in a new era of economic cooperation. As most EU countries make efforts to de-risk their economies from perceived threats posed by China, Hungary has gone in the other direction, courting major Chinese investments in the belief that the world's second-largest economy is essential for Europe's future. While Xi and Orban didn't unveil concrete agreements following their meeting, Foreign Minister Peter Szijjarto later said in a video that a de

China to kick off long-awaited $138 bn stimulus bond issues this week

Market participants have been waiting for weeks for details of the issuance pipeline of these special treasury bonds

Xi Jinping arrives in Hungary for talks on expanding Chinese investments

Chinese President Xi Jinping arrived in Hungary late Wednesday, the final stop on his five-day European tour, where he's expected to finalize a number of agreements with Prime Minister Viktor Orbn that will deepen China's economic footprint in the region. Xi is set to spend two nights in the Hungarian capital Budapest where he will meet with Orbn and Hungarian President Tams Sulyok. Talks will center on future Chinese investments in the Central European country, which has courted deep economic ties with Beijing even as mainstream European leaders have pursued more protectionist policies to limit its reach on the continent. Orbn, a nationalist populist whose illiberal policies have pushed him to the fringes of the European Union, made his country the first in the 27-member bloc to participate in Xi's signature Belt and Road Initiative. Hungary has straddled a middle ground between its membership in the EU and NATO and a willingness to establish diplomatic and trade relationships with

Taiwan detects nine Chinese aircraft, five naval vessels around nation

In response to Chinese action, Taiwan monitored the situation and deployed combat patrol aircraft, naval vessels, and coastal missile systems, according to Taiwan's MND statement

As Xi Jinping visits Europe, Ukraine, trade likely to be top priority

Ukraine, trade and investment are expected to dominate Chinese leader Xi Jinping's first trip to Europe in five years, as the Asian giant rebuilds its foreign relations after a prolonged absence during the Covid-19 pandemic. Xi will start the tour in Paris on Monday, meeting with French President Emmanuel Macron, who has been stressing the idea of European strategic autonomy from the U.S. On a visit to Beijing last year, Macron courted controversy by saying France would not necessarily always align with the US in foreign policy, an apparent reference to American support for the self-governing republic of Taiwan, which China claims as its own territory to be annexed by force if necessary. After leaving France, Xi will visit Hungary and Serbia, both seen as China-friendly and close to Russian President Vladimir Putin, rebuffing Western criticism of his full-scale invasion of Ukraine. Xi's European visits will be closely followed in Washington for signs of diminishing support for its k

China, Russia should clarify nuclear weapons are not controlled by AI: US

As part of normalising military communications, US and Chinese officials resumed nuclear weapons discussions in January, but formal arms control negotiations are not expected any time soon