Page 14 - China

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

Ready to defend our national interests, dignity together with Russia: China

Beijing's top diplomat in Russia: 'No country can affect our ties with Moscow'

Proposal of disengagement discussed in India-China border talks

The MEA said to achieve this objective in accordance with the existing bilateral agreements and protocols, both sides agreed to hold the next (18th) round of the Senior Commanders' meeting at an early

Russia-Ukraine conflict to be on agenda of German Chancellor talks in India

The Russia-Ukraine conflict and China's increasing assertiveness in the Indo-Pacific will be "very high" on the agenda of the talks between German Chancellor Olaf Scholz and Prime Minister Narendra Modi this weekend, German Ambassador Philipp Ackermann said on Wednesday. The envoy said Germany has also reached out to India seeking its support to a resolution by the UN General Assembly on the Ukraine conflict calling for an immediate cessation of hostilities and lasting peace in Ukraine. German Chancellor Scholz will begin his two-day visit to India on Saturday with an aim to expand cooperation in areas of trade, climate change, clean energy and migration of skilled manpower besides exchanging views on pressing global challenges. "We see Russia and Ukraine (conflict) very high on the agenda in the meeting between German Chancellor Scholz and Prime Minister Modi. It will be a very important part of the agenda," Ackermann said at a media briefing. The German Chancellor is visiting Ind

China directs local internet giants not to use Microsoft-owned ChatGPT

Tencent and Ant Group have been instructed not to utilise ChatGPY "either directly or via third parties", said the report, citing sources

China approves $700 mn loan to Pakistan: Finance Minister Ishaq Dar

Pakistan's all-weather ally China has approved a loan of USD 700 million to the cash-strapped country, Finance Minister Ishaq Dar announced on Wednesday. The announcement by Dar on the loan by the Board of China Development Bank came a day after Pakistan's National Assembly unanimously passed a money bill aimed at raising tax revenues to fulfil the demands set by the International Monetary Fund (IMF) for seeking a USD 1.1 billion loan facility to avoid an economic meltdown. "Formalities have been completed and the Board of China Development Bank has approved the facility of USD 700 million for Pakistan. This amount is expected to be received this week by the State Bank of Pakistan which will shore up its forex reserves!" Dar tweeted. Pakistan has a chronic balance of payments problem which was exacerbated in the last year, with the country's forex reserves declining to critical levels. As of February 10, the central bank had only USD 3.2 billion in reserves, enough to cover barely

China-US superpower rivalry grows after war sweeps away multipolar world

The world order that seems to be emerging out of the Ukrainian rubble looks an awful lot like that of the Cold War

Oil prices falls more than 1% as growth fears offset China demand hopes

The cut, announced this month, will apply only to March output for now, Deputy Prime Minister Alexander Novak said on Tuesday

Moving beyond Beijing

Economic revival may not sustain

Foxconn chairman to visit Covid-hit iPhone plant in China: Report

Liu is scheduled to meet with senior government officials including Lou Yangsheng, the Communist Party chief of Henan province where Zhengzhou is located, the source said

Chinese telecom equipment maker ZTE begins layoffs across departments

The job cuts will also reportedly impact senior employees who have worked for the company for more than 10 years

India-US ties key for strong world economy, outcompete China: Schumer

A strong India-US relationship is a must for democracy, advancement in technology and a robust world economy, a top American senator has said, emphasising that close bilateral ties will be a crucial counterweight to outcompete China. Describing India as one of the "leading powers" of the world, Senator Chuck Schumer said close India-US ties would also be key to responding to China's authoritarianism. The Senate Majority Leader is leading a high-powered Congressional delegation of senators to India. The delegation, led by Schumer, called on Prime Minister Modi in New Delhi on Monday They discussed new opportunities for consolidating the India-US ties in critical technologies, clean energy transition, joint development and production, and trusted and resilient supply chains. The prime minister welcomed the Congressional delegation to India and appreciated the consistent and bipartisan support of the US Congress for deepening India-US bilateral ties, his office said in a statement. W

India, China to contribute more than half of global growth this year: IMF

IMF added that the central banks across Asia need to stay 'alert' as the core inflation is still high, and the re-opening of China's economy may push inflation up due to higher demand

G-20: India taps soft power as it backs issues important to Global South

India is one of the fastest-expanding economies at a time of sluggish growth around the globe, luring companies like Apple Inc. to expand

Russian Prez Putin may meet top Chinese party official on Moscow trip

Russian President Vladimir Putin could meet with the Chinese Communist Party's foreign policy chief in Moscow, the Kremlin said Monday. Kremlin spokesman Dmitry Peskov told reporters that we don't rule out Putin's meeting with Wang Yi, the Chinese Communist Party's most senior foreign policy official, who's visiting the Russian capital. Peskov hailed Russia-China ties as "multidimensional and allied in nature. Wang's visit to Moscow comes just as President Joe Biden made an unannounced visit to Ukraine on Monday to meet with President Volodymyr Zelenskyy and show U.S. support for Kyiv on the eve of the Russian military operation's one-year anniversary. Wang's trip to Russia follows talks Saturday with U.S. Secretary of State Antony Blinken on the sidelines of an international security conference in Munich. Blinken said in a tweet after the meeting that he reiterated a warning to China on providing assistance to Russia in Ukraine, including assisting Moscow with evading sanctions t

Nine Indian states among 50 most vulnerable regions due to climate change

Asia dominated the XDI list, with 114 regions among the top 200 falling in the region

China to become Afghan's second-largest trade partner in 2023 after Pak

China's trade with Afghanistan has been growing fast and it may become the second-largest trading nation with Afghanistan in 2023 after Pakistan, a situation that bodes well for the continuation of the CPEC part of the Belt & Road Initiative into Afghanistan, as per Silk Road Briefing (SRB).Silk Road Briefing provides global and regional intelligence to assist and monitor infrastructure, geopolitical, and structural developments, along with foreign investment opportunities along China's Belt and Road Initiative.According to China customs data, in December 2022, China imported goods worth USD 9.09 million from Afghanistan and exported goods worth USD 59 million, resulting in a positive trade balance for China of USD 49.9 million, the SRB reported.If these figures are projected as the 2023 average, then this would result in a bilateral trade figure of USD 816 million. Pakistan, currently the largest Afghani trade partner, achieved bilateral trade of USD 1.513 billion in 2022, ...

China may soon be supplying arms to Russia, warns Antony Blinken

US will suffer 'consequences' if it escalates balloon incident, says Beijing

US balloon claim hysterical and absurd, says China's top diplomat Wang Yi

China on Saturday lambasted the US for claiming its balloons as surveillance objects and termed it as "hysterical and absurd".Addressing a gathering of world leaders at the Munich Security Conference, China's top diplomat Wang Yi alleged the US of trying to "smear" the Asian giant while it itself was implementing policies that ran counter to its paradigms such as free trade.Washington, he said, had the wrong view of China as a serious geopolitical challenge and a threat to the United States. "This is a misguided perception of China and with this perception, the United States is using all of its means to smear and clamp down China, and is co-opting other countries to do the same," he said.He said that US President Joe Biden's administration has a "misguided" perception of Beijing."There are many balloons from many countries in the sky. Do you want to down each and every one of them?" said Wang.He also urged the US "not to do such preposterous things simply to divert attention from its .