Page 13 - China

No evidence that China will side with Russia in war with Ukraine: Biden

There is no evidence that China would side with Russia in its war against Ukraine, US President Joe Biden has said. There's no evidence of that so far, Biden told reporters on Friday when asked if he is worried that China will side with Russia in the ongoing war. Biden said that he had a long conversation with his Chinese counterpart Xi Jinping about this in the summer. There's no evidence he's done it yet, said the US President. The Pentagon told reporters that it has not seen China supplying lethal aid to Russia. Pentagon's Press Secretary Air Force Brigadier General Pat Ryder said that China, which clearly has advanced capabilities, munitions, has publicly declared its neutrality, to now take a side and essentially say "we want to be in the camp that's looking to extinguish Ukraine as a nation. US Ambassador to the United Nations Linda Thomas-Greenfield told MSNBC in an interview that the Biden Administration has made it clear to the Chinese that it should not get involved in

Cash-strapped Pak receives funds worth $700 mn from China Development Bank

Pakistan Finance Minister Ishaq Dar on Friday said that the State Bank of Pakistan (SBP) has received $700 million from China Development Bank (CDB)

China set to overhaul financial system giving Xi Jinping more control

Authorities are considering reviving the long-disbanded Central Financial Work Commission to allow the ruling Communist Party to assert more control over financial policy, according to sources

Ukrainian President gives qualified support for China proposals on war

Ukrainian President Volodymyr Zelenskyy gave qualified support Friday for China's new pronouncements about the war in his country, saying Beijing's interest is not bad" and might be useful in isolating Russia. Our task is to gather everyone to isolate the one, Zelenskyy told a news conference on the first anniversary of the Russian invasion. China has shown its thoughts. I believe that the fact that China started talking about Ukraine is not bad. But the question is what follows the words. The question is in the steps and where they will lead to. China called for a cease-fire and peace talks between Ukraine and Russia in a vaguely worded proposal released Friday that analysts said was unlikely to deliver results. Beijing claims to have a neutral stance in the war that began one year ago, but has also said it has a no limits friendship with Russia and has refused to criticize Moscow's invasion of Ukraine, or even refer to it as an invasion. It has accused the West of provoking the .

Why the war may be heading for a cease-fire

If we have learned anything from the Korean War, it is that a frozen conflict is better than either an outright defeat or an exhausting war of attrition

China economy to rebound in 2023 under precise monetary policy: PBoC

2023 economic growth target, policies coming next weekend, support for domestic demand expansion a focus

Chinese EV maker showcases world's first car powered by sodium-ion battery

Chinese EV maker JAC has showcased the world's first electric vehicle (EV) that is powered by a cheaper sodium-ion battery which could help reduce the cost of future EVs by 10 per cent

China's Xian Bingo in talks with Russia to supply 100 drones: Report

Reportedly, Bingo also has plans to deliver components and know-how to Russia so that they can produce 100 drones a month domestically

China calls for Russia-Ukraine cease-fire, peace talks to end conflict

China has called for a cease-fire between Ukraine and Russia and the opening of peace talks as part of a 12-point proposal to end the conflict. The plan issued on Friday morning by the Foreign Ministry also urges the end of Western sanctions imposed on Russia, measures to ensure nuclear facilities, the establishment of humanitarian corridors for the evacuation of civilians and steps to ensure the export of grain, after disruptions caused global food prices to spike. China has claimed to be neutral in the conflict, but it has a no limits relationship with Russia and has refused to criticize its invasion of Ukraine over even refer to it as such, while accusing the West of provoking the conflict and fanning the flames" by providing Ukraine with defensive arms. The peace proposal mainly elaborated on long-held Chinese positions, including referring to the need that all countries' sovereignty, independence and territorial integrity be effectively guaranteed." It also called an end to th

Will China surpass US to become the biggest economy in the world?

The US tech ban is one reason many international organisations have begun to delay - if not drop entirely - forecasts that China will surpass the US to become the biggest economy in the world

Sending weapons to Ukraine will add fuel to war, says China at UN

China's deputy ambassador's remarks came after Putin met with China's top diplomat Wang Yi in Moscow

India Inc must step up: EAM S Jaishankar on China trade imbalance

External Affairs Minister S Jaishankar on Thursday said the responsibility for the trade imbalance with China rests squarely on businesses as well, blaming Indian corporates for not developing the right sourcing arrangements. Speaking at the Asia Economic Dialogue here, Jaishankar said the government is doing its bit by bringing in policies like the thrust on Atmanirbhar Bharat and made it clear that the "massive external exposure" puts national security at threat. Terming the challenge posed by the trade imbalance with China as very serious and formidable, the career bureaucrat turned politician said the responsibility here is not just of the government, but it is an equal responsibility of businesses as well. "Indian corporates have not developed the kind of backwards (integration), vendor supplies, components and parts, ingredients and intermediates that should be supporting us," he said. With lots of people, including former RBI Governor Raghuram Rajan, asking India to focus on

Volkswagen to reconsider India amid China geopolitical uncertainty

The carmaker's earlier efforts to boost its presence in India have often been bruising experiences

Alibaba Group's profit surges 69% on low costs, online shopping in pandemic

Its shares climbed more than 6% in pre-market New York trading. The online retailer reported net income of 46.8 billion yuan, easily surpassing the roughly 35 billion yuan average estimates

Landslide halts efforts to find 53 missing after China mine collapse

A massive landslide has halted search and rescue efforts at a collapsed coal mine which left 53 people missing in China's Inner Mongolia Autonomous Region, local authorities said Thursday

7.2-magnitude earthquake hits Tajikistan, tremors also felt in China

An official in the region told Xinhua news agency that the earthquake across the border was felt strongly, but no immediate reports of casualties and losses have been received yet

India and China discuss disengagement at remaining friction points

The two sides agreed to hold the 18th round of military talks at an early date to achieve the objective in accordance with the existing bilateral agreements and protocols

6.8 magnitude earthquake shakes Tajikistan near China border on Thursday

A 6.8 magnitude earthquake shook part of Tajikistan early Thursday near China's far western Xinjiang region. It was 67 kilometers (41 miles) west of Murghob, Tajikistan and 20 kilometers (12 miles) deep, according to the US Geological Survey. The area is remote and lightly populated. China Earthquake Networks Center said the quake was 7.2 magnitude and 10 kilometers (6 miles) deep. Preliminary seismic measurements by different agencies often differ. Further information was not immediately available.

NATO chief sees 'some signs' China could back Russia's war against Ukraine

NATO's chief has said that the military alliance has seen some signs that China may be planning to support Russia in its war in Ukraine, and strongly urged Beijing to desist from what would be a violation of international law. NATO Secretary General Jens Stoltenberg also told The Associated Press in an interview on Wednesday that the alliance, while not a party to the war, will support Ukraine for as long as it takes. Asked whether NATO has any indication that China might be ready to provide arms or other support to Russia's war, Stoltenberg said: We have seen some signs that they may be planning for that and of course NATO allies, the United States, have been warning against it because this is something that should not happen. China should not support Russia's illegal war. Stoltenberg said potential Chinese assistance would amount to providing (direct) support to a blatant violation of international law, and of course (as) a member of the UN security council China should not in an

Data risk: Drop Big 4 auditors, Chinese authorities urges state-run firms

While offshore subsidiaries can use the global auditors, their parent firms were urged to hire local Chinese or Hong Kong accountants when contracts come up for renewal