Page 7 - Chinese Government

UBS Group weighs Credit Suisse's China stake swap with Beijing govt

UBS put the Credit Suisse venture up for sale after taking control of its smaller Swiss rival when it collapsed last year

Russia's foreign minister arrives in China to discuss Ukraine, Asia-Pacific

Hit with sanctions that closed access to Western markets and finances after sending its troops to Ukraine, Russia has since become China's fastest-growing trade partner

Taiwan says it tracked six Chinese naval vessels around country

According to Taiwan's Ministry of National Defence, Taiwanese armed forces have monitored the situation and deployed naval vessels and coastal systems in response to China's activities

Janet Yellen meets China's foreign business leaders ahead of trade talks

The Treasury is not expecting a major shift in Chinese policy as a result of meetings, but it was important to explain the problems that overinvestment in these sectors are causing around the world

Taiwan detects 30 Chinese military aircraft, 9 navy vessels around nation

Since September 2020, China has increased its use of gray zone tactics by incrementally increasing the number of military aircraft and naval ships operating around Taiwan

China's services activity growth accelerates in March as new biz rise

Taken together with the upbeat Caixin manufacturing PMI, the Caixin/S&P's composite PMI rose to 52.7 last month from 52.5 in February. It marked the highest reading since May 2023

Govt rejects 'senseless attempts' by China to rename places in Arunachal

The Ministry of External Affairs on Tuesday firmly rejected attempts by China to rename places in Arunachal Pradesh and asserted that assigning "invented names" will not alter the reality that the state "is, has been, and will always be" an integral and inalienable part of India. The statement was issued by the MEA in response to media queries in the wake of China releasing a fourth list of 30 new names of various places in Arunachal Pradesh amid Beijing's stepped-up assertions in recent weeks to re-emphasise its claim over the Indian state. "China has persisted with its senseless attempts to rename places in the Indian state of Arunachal Pradesh. We firmly reject such attempts. Assigning invented names will not alter the reality that Arunachal Pradesh is, has been, and will always be an integral and inalienable part of India," MEA Spokesperson Randhir Jaiswal was quoted as saying in the statement. On March 28, India said that Beijing may "repeat its baseless claims" as many times a

Taiwan tracks 6 Chinese naval ships, 4 military aircraft, deploys forces

Notably, so far in March, Taiwan has tracked 359 Chinese military aircraft and 204 naval vessels, according to Taiwan News

Sri Lankan PM Dinesh Gunawardena meets Chinese President Xi Jinping

Chinese President Xi Jinping has assured continuous support to Prime Minister Dinesh Gunawardena for Sri Lanka's efforts for political and socio-economic progress and also said Beijing will stand for safeguarding the island nation's territorial integrity and sovereignty. China and Sri Lanka agreed to continue to act under the friendship, peace, mutual respect and fivefold principle in international affairs that do not interfere in the internal affairs of a country during a meeting between Xi and Gunawardena on Wednesday at Great Hall in Beijing, the prime minister's office said in a statement here on Thursday. Chinese President assured continuous support of China to Sri Lanka's efforts for political and socioeconomic progress. The Chinese President said that China will always stand for safeguarding independence, territorial integrity and sovereignty of Sri Lanka, the statement said. It was emphasised that bilateral relations should be based on mutual respect and mutual productivity

Chinese EV makers show latest models at Bangkok International Motor Show

Chinese electric vehicle makers are showcasing their latest models, including a flying car, as they take on global rivals at the Bangkok International Motor Show. Companies like BYD, XPeng and Great Wall Motors are quickly growing their sales in Thailand, challenging longstanding market leaders like Toyota, Isuzu and Ford, as they expand exports across the globe. And Thailand, one of the biggest markets in Southeast Asia, a region of more than 600 million people, has made developing its EV market a priority. Tesla launched sales in late 2022, offering its popular Model 3 and Model Y at prices aimed at competing with rivals like China's BYD. BYD, or Build Your Dreams, displayed a wide range of its EV lineup, including its Dolphin, a pure EV that it says runs 490 kilometers (about 300 miles) on a single charge and is priced at 859,999 Thai baht (USD 23,700). At the higher end of the spectrum is the Seal, promising 580 kilometers (about 360 miles) on a charge and costing nearly 1.6 .

Taiwan tracks 9 Chinese aircraft, 6 naval vessels operating around nation

Taiwan Ministry of National Defence said that it detected seven Chinese naval vessels and five Chinese military aircraft operating around the nation from 6 am (local time) on Sunday to 6 am on Monday

China's industrial profits rise 10% showing signs of stabilising economy

Profits at China's industrial firms jumped 10.2 per cent in the first two months from the same period last year, following a 2.3 per cent profit decline for the whole of 2023

New Zealand joins US, UK in claims of China-backed cyber espionage

Hackers linked to the Chinese government launched a state-sponsored operation that targeted New Zealand's Parliament in 2021, the country's security minister said on Tuesday. New Zealand's allegation comes a day after US and UK authorities announced a set of criminal charges and sanctions against seven hackers, all believed to be living in China, who targeted US officials, journalists, corporations, pro-democracy activists and the UK's election watchdog. "The use of cyber-enabled espionage operations to interfere with democratic institutions and processes anywhere is unacceptable," Minister Responsible for the Government Communications Security Bureau (GCSB) Judith Collins said in a media statement. Collins said the agency had also established links between a state-sponsored actor linked to China and malicious cyber activity targeting parliamentary entities in New Zealand. "The GCSB's National Cyber Security Centre (NCSC) completed a robust technical assessment following a compromi

US, UK accuse China of broad cyberattacks, British voter data theft

The hackers, part of a state-sponsored group known as APT31, have been charged with conspiracy to commit computer intrusions and conspiracy to commit wire fraud

China relaxes rules governing cross-border data flows on business pressure

"The relaxations are meaningful. This is the government's response to foreign companies' complaints," said Tom Nunlist, an analyst at consultancy Trivium

Chinese firm which stole Tesla battery tech, peddled it on YouTube, says US

The US alleges Pflugbeil and another defendant started selling Tesla's proprietary battery production technology from their own startup in China

In China, private companies are fed up with their payments being delayed

Chinese private firms are adopting more cautious business strategies, prioritising risk management as they grapple with post-pandemic payment delays

China passes law granting Communist Party more control over cabinet

The amended State Council Organic Law passed by 2,883 delegate votes, with eight opposing and nine abstaining, during the closing day of the National People's Congress in Beijing

Ex-Google engineer charged by US with AI tech theft for Chinese firms

A Google spokesperson said Ding acted alone and that the company was able to act quickly and refer the case to law enforcement after discovering the problem

In surprise announcement, China eliminates annual conference by premier

The Chinese government said Monday it is eliminating an annual news conference by the premier that was one of the only times a top Chinese leader took questions from the news media. Lou Qinlan, the spokesperson for the National People's Congress, said on the eve of the opening of the annual session of the legislature that Premier Li Qiang would not hold a news conference at the conclusion of the meeting, as has been customary. Lou said that the congress would increase opportunities for journalists to ask questions of government ministers and other officials, as well as with the nearly 3,000 delegates to the congress. If there are no special circumstances, the premier's press conference will not be held in the next few years, he said, without further explanation. The weeklong meeting of the largely ceremonial congress, which opens on Tuesday, is being closely watched for any indications of what steps the government will take to boost the struggling economy. Qiang, the premier, will