Page 42 - China

Asian shares sink on revived worries over recession, China protests

Shares retreated in Asia on Friday after a mixed day on Wall Street as optimism over signs the Federal Reserve may temper its aggressive interest rate hikes was replaced by worries the economy might be headed for a recession. A US measure of inflation that's closely watched by the Federal Reserve eased in October, raising questions over the central bank's determination to keep raising interest rates to tame price increases. And activity in American manufacturing contracted in November for the first time since May 2020, according to the Institute for Supply Management. The report also showed that prices are falling. Slower growth due to tighter monetary policies has slowed new orders and order backlogs, which saw manufacturing conditions contracting for the first time since June 2020," Jun Rong Yeap of IG said in a report. That may suggest that with inflation risks behind us now, bad news' in economic data may not be good news' for markets as recession fears could be brewing," he ..

Apple CEO Tim Cook ignores questions on China protests, iPhone production

Apple CEO Tim Cook has ignored questions on violent protests in China which have hampered iPhone production at its key suppliers' factories in the country

Oil prices edge higher on easing China curbs, firm dollar limits gains

China is set to announce an easing of its Covid-19 quarantine protocols in coming days and a reduction in mass testing

Lockdown, protests in China may impact key sectors in India: Report

In October, India's engineering exports to China fell 64 per cent and there has been a fall in demand for cut and polished diamonds as well as gold

China security apparatus well honed to deal with Covid policy protests

When it comes to ensuring the security of their regime, China's Communist Party rulers don't skimp. The extent of that lavish spending was put on display when the boldest street protests in decades broke out in Beijing and other cities, driven by anger over rigid and seemingly unending restrictions to combat COVID-19. The government has been preparing for such challenges for decades, installing the machinery needed to quash large-scale upheavals. After an initially muted response, with security personnel using pepper spray and tear gas, police and paramilitary troops flooded city streets with jeeps, vans and armored cars in a massive show of force. The officers fanned out, checking IDs and searching cellphones for photos, messages or banned apps that might show involvement in or even just sympathy for the protests. An unknown number of people were detained and it's unclear if any will face charges. Most protesters focused their anger on the zero-COVID policy that seeks to eradicat

Indian students applying to Eastern Europe over China amid uncertainty: Rpt

China has opened its borders to international students recently but the current political situation has impacted the admission rates in Chinese universities negatively

City Council rejects China's plan to build new embassy near Tower of London

China originally bought the site for £255 million ($311 million) in May 2018, with the view of replacing its current embassy in the Marylebone neighborhood

Why is China's perennial rice variety evoking curiosity?

Researchers in China's Yunnan University have developed a rice variety, which does not need to be planted every year. Once grown, it can be harvested for next eight seasons in four years. Here's more

China relaxes zero-covid norms, steps up security ahead of Zemin's funeral

China relaxed its stringent zero-Covid restrictions in several cities after public protests and stepped up security across the country on Thursday as it braced for next week's high-profile funeral of former president Jiang Zemin who died a day earlier. Flexible measures were implemented across China to ensure people's livelihoods amid the cold front, the official media reported. After protests against zero-covid lockdowns, China's top industrial and business hub Guangzhou lifted temporary restrictions in some regions and officially allowed qualified close contacts to be quarantined at home instead of in temporary shelters. Such announcements relaxing the Covid curbs were announced in Beijing, Shijiazhuang, Taiyuan besides several other cities, the official media reports said. Beijing witnessed mixed lockdown covid policies. While some buildings went into lockdown on Thursday, all over the city people complained that many of the Covid testing centers have been closed following ...

Ex-Chinese Prez Zemin's memorial meeting on Dec 6; body flown to Beijing

China on Thursday announced that the memorial meeting for former Chinese president Jiang Zemin who passed away on Wednesday in Shanghai will be held on December 6 here. The remains of Jiang were also transferred to Beijing from Shanghai aboard a special flight on Thursday, according to an official announcement from Comrade Jiang Zemin's Funeral Committee headed by President Xi Jinping. A memorial meeting for Comrade Jiang Zemin will be held in the Great Hall of the People, the iconic building overlooking the sprawling Tiananmen Square, in Beijing on December 6 at 10 am, and will be telecast live, the announcement said. Xi and other senior party leaders went to the airport to receive Jiang's remains, the state-run Xinhua news agency reported. Tributes for Jiang will be paid by the Central Committee of the ruling Communist Party (CPC), the Standing Committee of the National People's Congress (NPC), the Central Military Commission (CMC), and the overall high command of the Chinese ...

Oil rises ahead of OPEC+ meeting, easing China Covid curbs lend support

"Oil is finding support on investor optimism that OPEC+ will deliver further cuts in production when they meet," said Ehsan Khoman, analyst at MUFG Bank, in a report

TSMC plans to make more advanced chips in US at Apple's urging

A representative for TSMC declined to comment. Apple didn't immediately respond to a request for comment.

Protests in China are not rare - but the current unrest is significant

Street protests across China have evoked memories of the Tiananmen Square demonstrations that were brutally quashed in 1989

Hong Kong newspaper publisher's national security trial postponed

The trial of a Hong Kong newspaper publisher who was arrested in a crackdown on a pro-democracy movement was postponed on Thursday after the territory's leader asked China to effectively block him from hiring a British defense lawyer. Jimmy Lai, 74, faces a possible life sentence if convicted under a national security law imposed by the ruling Communist Party on the former British colony. The government objected after judges on Monday approved Lai's plan to hire Timothy Owen, a veteran human rights lawyer.

Beijing sees record Covid cases at 5,006 as China wows small easing steps

The total number of infections in Beijing are still a relatively small number for a city of 22 million, but they've been enough to send panic through China's capital

iPhone city maintains plant curbs as China tweaks Covid-19 approach

Foxconn's task of catching up on lost iPhone production time has been complicated by the lockdown, which triggered violent protests last week

China's repressive action against Covid protesters shows weakness: Blinken

As millions have been affected by China's Covid Zero policy, US's Antony Blinken called Beijing's "repressive" action against the protesters over the Covid lockdown "a sign of weakness"

China building Army outpost near LAC disturbing sign: US Congressman

China building a military post near the Line of Actual Control with India is a disturbing sign of Chinese aggression with its neighbours, a top Indian American lawmaker said on Wednesday, following the appearance of a media report in this regard. Politico on Wednesday reported that China had built a military outpost near its disputed border with India. It cited new satellite imagery as showing the outpost, a move that signals Beijing's intentions for a long-term deployment at the global flashpoint. "The pictures, obtained by the Centre for Strategic and International Studies' China Power project and shared with NatSec Daily, show the People's Liberation Army constructed a headquarters and garrison to house troops at Pangong Tso, a remote lake that stretches across the Line of Actual Control between the two countries, Politico reported. The report of a new People's Liberation Army outpost near the Line of Actual Control between Indian and the People's Republic of China is another ..

Jiang Zemin, the first Chinese President to visit India, passes away

Jiang Zemin, China's first head of state to have visited India in 1996 and heralded a new era of constructive cooperation between the two countries by signing a crucial agreement to reduce the tensions along their disputed border, passed away on Wednesday. Jiang, who was China's president from 1993-2003, died due to leukemia and multiple organ failure in Shanghai at the age of 96, state-run Xinhua news agency reported. The announcement of Jiang's death was made by the top organs of the ruling Central Committee of the Communist Party of China (CPC) for which he was the leading light for over two decades. "Comrade Jiang Zemin was an outstanding leader enjoying high prestige acknowledged by the whole party, the entire military and the Chinese people of all ethnic groups, a great Marxist, a great proletarian revolutionary, statesman, military strategist and diplomat, a long-tested communist fighter, and an outstanding leader of the great cause of socialism with Chinese characteristics,"

China adds risks to global growth as factories take a hit on Covid controls

Manufacturing PMI at 48 for Nov against 49.2 a month ago, services sector activity fell to 46.7