Page 8 - Chinese Government

Joe Biden orders investigation into security risks of Chinese-made cars

Biden noted that China is determined to dominate the future of the auto market, including by use of unfair means

China's factory activity rises on expansion in output, orders: Caixin PMI

The upbeat results, however, contrasted with an official survey released earlier in the day showing factory activity contracted for a fifth straight month

China's Xi Jinping seeks to boost auto, appliance sales in consumer push

Xi Jinping called logistics the "veins" of the real economy connecting production and consumption as well as internal and external trade

China's 'dragon' baby boom may increase population in 2024: Report

Many young people, however, are opting to stay single or put off getting married due to poor job prospects, record youth unemployment and chronically low consumer confidence

StanChart lowers income target as China weighs, launches $1 bn buyback

StanChart also said it would aim to increase returns on tangible equity, a key profitability metric, "steadily" from the current 10% to 12% by 2026

Report claims China spying on exiled Tibetans to collect personal info

TCHRD's spokesperson, Tenzin Dawa, remarked that the whole process of the report took about two years, and they have tried to get in touch with around one hundred Tibetan people

China's coast guard to ramp up patrols in Taiwan after two fishermen die

China is stepping up patrols in the waters off the coast of Taiwan's Kinmen archipelago, days after two of its fishermen drowned while being chased by the Taiwanese coast guard, which accused the boat of trespassing. The Chinese coast guard's Fujian division will regularly monitor the waters off the southern coast of the city of Xiamen a few kilometers from Kinmen to strengthen maritime law enforcement, said the coast guard's spokesman, Gan Yu, in a statement Sunday. Fishermen from Taiwan and China regularly sail that stretch of water which has seen a rise in tensions as the number of Chinese vessels including sand dredgers and fishing boats have notably increased in the area. Kinmen residents have complained of both the noise and sound pollution from the vessels, as well as losses to their livelihood in fishing. The fishermen's deaths are unusual despite the level of Chinese activity in the waters near Kinmen, which is closer to China than it is to Taiwan's main island. China

China markets regulator to protect small investors as stocks hit 5 yr lows

Chinese shares gyrated on Monday, sinking to 5-year lows, after stock market regulators sought to reassure jittery investors with a promise to crack down on stock price manipulation and malicious short selling. Shares in Shanghai and the smaller market in Shenzhen, near Hong Kong, swung between big losses and small gains throughout the day. The markets have languished on heavy selling of property shares that have suffered with a slump in the real estate market. Market observers said there were signs the authorities had, as is often the case, ordered big institutional investors to step up buying of state-owned banks and other heavyweights. The Industrial & Commercial Bank of China gained 2.3%, Bank of China was up 2.6% and the Agricultural Bank of China rose 2.2%. But shares still mostly lost ground. The Shenzhen Component index lost 1.1% after dipping as much as 4.4%. The Shanghai Composite index shed 1% to 2,702.19, having lost 3.5% earlier. Wilder swings were seen in the CSI ...

India equity-focused investment trusts in Japan grow 11% in January

In contrast, flows into Chinese shares dropped the most among 14 emerging markets that are covered by Japan's data on international investment positions

Chinese hackers determined to 'wreak havoc' on US infrastructure: FBI chief

Chinese government hackers are busily targeting water treatment plants, the electrical grid, transportation systems and other critical infrastructure inside the United States, FBI Director Chris Wray told House lawmakers Wednesday in a fresh warning from Washington about Beijing's global ambitions. Underscoring the threat, the Justice Department and FBI announced just before the hearing that they had disrupted a botnet of hundreds of US-based small office and home routers owned by private citizens and companies and hijacked by the Chinese state hackers to cover their tracks and hide their origin as they sowed the malware. Speaking before the House Select Committee on the Chinese Communist Party, Wray said there's been far too little public focus on a cyber threat that affects every American". China's hackers are positioning on American infrastructure in preparation to wreak havoc and cause real-world harm to American citizens and communities, if or when China decides the time has co

Taiwan holds military drills to defend against threat of Chinese invasion

Almost every day, Chinese warships sail in waters around Taiwan and warplanes fly toward the island before turning back. What if they suddenly attacked? Taiwan's military began a two-day drill at sea and in the air on Wednesday to practice defending against such a surprise attack. Journalists observed the training from fast boats that escorted a mine-laying ship. Any unilateral irrational action could very easily escalate tensions and sabotage stability in the Taiwan Strait region, Maj. Gen. Sun Li-fang, a defence ministry spokesperson, told reporters at the Tsuoying Naval Base in southern Taiwan. China claims the self-governing island of 23 million people as its own territory and says it must come under Beijing's control. The long-running divide is a flashpoint in US-China relations. As relations between the rivals have deteriorated in recent years, fears have grown that America could get pulled into a war if hostilities break out. Taiwan's defence ministry, in a daily report, sa

US, Chinese officials hold over 12-hour meet in Bangkok: White House

US National Security Advisor Jake Sullivan and his Chinese counterpart Wang Yi held more than 12 hours of meetings in Bangkok, the White House said Monday. "Over the weekend, National Security Advisor Jake Sullivan held more than 12 hours of meetings in Bangkok with his counterpart from the People's Republic of China, Director Wang Yi," John Kirby, NSC Coordinator for Strategic Communications at the White House told reporters at a news conference here. "Sullivan and Director Wang took stock of progress on key issues following the meeting between President (Joe) Biden and (Chinese) President Xi (Jinping) back in November. Now, that includes discussing efforts to resume military-to-military communication, which has occurred; addressing artificial intelligence safety and risks; and advancing bilateral counter-narcotics cooperation," Kirby said. In fact, the launch of a working group on counter-narcotics will begin Tuesday in Beijing. The US delegation will be led by Deputy Homeland ...

Chinese Communist delegation promises to implement deals signed by Muizzu

A Chinese Communist delegation held talks with Maldives President Mohamed Muizzu to promptly implement 20 agreements signed between the two countries during his recent visit to China, including increasing flights from China to boost tourist numbers to the archipelago nation. The delegation, led by Sun Haiyan, the deputy head of the International Department of the Communist Party of China (CPC), concluded the three-day visit to Male after meeting Muizzu and several other officials. The visit coincides with the permission granted by the Maldives government for the Chinese research vessel Xiang Yang Hong 03 to berth at Male. China was looking for new avenues to berth its controversial research ships frequenting the Indian Ocean on surveillance missions after Sri Lanka banned them for a year following concerns expressed by India. During the visit of the CPC delegation, the two sides agreed to deepen exchanges and cooperation in various fields, state-run Xinhua news agency reported. Su

Chinese economy growing, open for business: China's Premier Li Qiang at WEF

Li said China, with a rapidly urbanizing population of 1.4 billion people, would play an important role in boosting aggregate global demand

Govt may further streamline visa approval process for Chinese technicians

The government is considering further streamlining of processes for timely approval of visas for Chinese professionals and technicians whose expertise is required by the Indian industry to set up manufacturing capacity, a senior official said. Certain Indian industry players have approached the government stating that they are facing problems in getting visas for Chinese professionals whose expertise is required for things like setting up machines in factories. The government has recently put in place a standard operating procedure (SOP) for streamlining visa approvals for Chinese technicians whose expertise is required by vendors under the PLI (Production Linked Incentive) scheme. "Now we may be liberalising it for others. That process is on and a Cabinet note is under preparation. Within the existing system, there is an SOP now to expedite visas for Chinese who are to come in to help set up manufacturing capacity in India. We have already streamlined it quite a bit, now we are ...

China expands visa-free initiatives to lure tourists amid economic woes

The Chinese Foreign Ministry expressed optimism about the mutual visa exemptions, stating that it "serves the fundamental interests of both peoples," as per reports

Chinese carmaker BYD overtakes Tesla as world's most popular EV maker

Analysts expect BYD to launch its third-generation EVs next year offering more technology, such as automated-driving capabilities

Whisky woos young Chinese as top distillers target growing market

A distillery in southwestern China is aiming to tap a growing taste among young Chinese for whisky in place of the traditional baijiu liquor used to toast festive occasions. The more than USD 100 million distillery owned by Pernod Ricard at the UNESCO World Heritage site Mount Emei launched a pure-malt whisky, The Chuan, earlier this month. The French wine and spirits group says it is produced using traditional whisky-making techniques combined with Chinese characteristics including locally grown barley and barrels made with oak from the Changbai mountains in northeastern China. Chinese terroir means an exceptional and unique environment for aging, including the water source here top-notch mineral water. The source of water at Mount Emei is very famous," says Yang Tao, master distiller at the distillery. A centuries-old drink, whisky is relatively new to China, but there are already more than 30 whisky distilleries in the mainland, according to the whisky website Billion ...

Chinese govt drafts new rules proposing restrictions on online gaming

China released draft guidelines on Friday aimed at curbing excessive spending on online gaming in the latest move by the ruling Communist Party to keep control of the virtual economy. The proposal caused shares in the biggest Chinese gaming companies, Tencent and NetEase, to plunge in Hong Kong. China's gaming regulator, the National Press and Publication Administration, issued guidelines saying online games cannot offer incentives for daily log-ins or purchases. Other restrictions include limiting how much users can recharge and issuing warnings for irrational consumption behaviour. Shares in Tencent, China's largest gaming company, dived about 16 per cent before recovering some ground to close 12 per cent lower. Rival NetEase's stock price lost about 25 per cent. Beijing has taken various measures against the online games sector in recent years. In 2021, regulators set strict restrictions on the amount of time children could spend on games to just three hours a week. A state med

Top US, Chinese military officials hold 1st high-level talks in over a year

The restoration of communication was identified as a priority in the recent talks between President Joe Biden and China's Xi Jinping