Page 18 - China

BIS issued 29 licences to foreign toy manufacturing units, says govt

Sixteen licences were issued to Vietnamese units, four licences to Malaysian units and the rest were issued to Hungary, Indonesia, Thailand, Sri Lanka and Czech Republic

Apple logs $65.8 bn in iPhone revenue as China disruptions hit supply

Apple faced supply chain disruptions in October and November as China faced Covid surge and protests erupted at its key supplier Foxconn's main factory in the country

China, Hong Kong lose cross-border travel quota, Covid test to drive growth

Travel between Hong Kong and China will no longer require COVID-19 PCR tests nor be held to a daily limit, authorities announced Friday, as both places seek to drive economic growth. Hong Kong's tourism industry has suffered since 2019 after months of political strife that at times turned into violent clashes between protesters and police, as well as harsh entry restrictions implemented during the pandemic. From Monday, there will be a full resumption of travel between Hong Kong and the mainland, Hong Kong leader John Lee said Friday at a news briefing. Lee said quotas for travelers will be scrapped and all boundary checkpoints will reopen next week. The announcement came a day after Lee unveiled a tourism campaign aimed at attracting travelers to Hong Kong that includes 500,000 free air tickets for tourists to visit the semi-autonomous Chinese city. China had already eased travel restrictions with Hong Kong on Jan. 8, dropping a mandatory quarantine period required for travelers

Emerging markets to benefit due to China's Covid relaxations: S&P Ratings

China's relaxation of its zero Covid-19 policy will benefit emerging markets (EM) that are exposed to China's consumption, said S&P Global Ratings in a report.

China imposes mandatory Covid-19 tests for arrivals from South Korea

China resumed mandatory Covid-19 tests for arrivals from South Korea, in its latest tit-for-tat response over Seoul's strengthened anti-virus curbs against travellers from the neighbouring nation

Asia's factory activity contracts despite China easing Covid curbs

China's factory activity shrank more slowly in January after Beijing lifted tough Covid curbs late last year, a private sector survey showed

China extends diplomatic, military support to Myanmar despite resistance

According to the report, Myanmar saw a wave of protests and all sections of society participated in it. The demonstrations have morphed into an armed struggle against the military in the past 2 years

US-India partnership targets arms, semiconductors, AI to compete with China

New Delhi has frustrated Washington by participating in military exercises with Russia and increasing purchases of the country's crude oil, a key source of funding for Russia's war in Ukraine

Why state must cede power to communities

The general assumption that states must have a monopoly of power is fundamentally flawed. It is leading to broken societies

Indian cos see Google's changes bringing China-like ecosystem in India: Rpt

The existence of multiple operating systems in China enables the users to have a wide variety to choose from

IMF lifts 2023 growth forecast on China reopening, strength in US, Europe

The IMF said global growth would still fall to 2.9% in 2023 from 3.4% in 2022, but its latest World Economic Outlook forecasts mark an improvement over an October prediction of 2.7%

The everywhere retail

Spurred by the pandemic, the convergence between offline and online commerce could reach a tipping point in 2023

Google terminates thousands of accounts pushing Chinese disinformation

Google's Threat Analysis Group has terminated thousands of accounts associated with a group known as "Dragonbridge" or "Spamouflage Dragon" that disseminated pro-Chinese disinformation

6.1 magnitude quake hits China's Xinjiang region, no casualties reported

The epicentre is located in an unpopulated area, 105 km away from the city of Alaer and 141 km away from the Shaya county seat

Apple becomes No 2 smartphone firm in China despite 3% YoY loss during 2022

Apple became the number two smartphone player in China for the first time in a whole year even after falling 3 per cent (year-on-year) in 2022, a new report has shown

China's oil and gas consumption declined in 2022 amid weakening economy

There remains a high degree of uncertainty because a recession in the United States and Europe could reduce demand, said Krauss

Ahead of Budget, FPIs take out Rs 17K crore from equities in January

Overall, foreign portfolio investors (FPIs) have pulled out Rs 1.21 trn from the Indian equity markets in 2022, following aggressive rate hikes by the central banks globally

China's smartphone sales plunge to lowest in a decade, says report

In 2022, Vivo retained top spot with a 19.2% market share in China, followed by Apple at 18% and Oppo at 17.5%

China grants conditional approval for two homegrown Covid-19 drugs

The applications for the innovative drugs XIANNUOXIN and VV116 were submitted by Simcere and a subsidiary of Shanghai Junshi Biosciences, respectively

India, China ahead of US and EU members in many respects: Russian FM Lavrov

Russian Foreign Minister Sergei Lavrov spoke at length on the development of new centres of economic power, and financial and political influence