Page 2 - Chinese Government

Chinese President Xi out of Covid bubble, faces changed world at G-20

After a lengthy absence from major international gatherings, Chinese leader Xi Jinping is leaving his country's COVID-19 bubble and venturing abroad next week into a dramatically changed world marked by rising confrontation. Xi will attend the G-20 meeting of industrial and emerging market nations in Indonesia followed by the Asia-Pacific Economic Cooperation summit in Thailand. He will meet individually with other leaders, including US President Joe Biden on Monday in their first in-person talks since Biden took office in January 2021. The Chinese leader has relied mainly on speeches by video to deliver China's message at the UN and other forums since 2020. The period has seen a sharp deterioration in China's relations with the West over the COVID-19 pandemic, a crackdown on civil rights in Hong Kong, military threats against Taiwan and Beijing's tacit support for Russia's invasion of Ukraine. More broadly, China and the West are moving farther apart. The US and Europe are looking

Adani to build power plants in SL, challenge China in support for Modi

Adani has been accused by some Lankan lawmakers of signing opaque port, energy deals closely tied to India's interests, something his group has always denied, saying investments meet Sri Lanka's needs

China's Premier Li Keqiang dropped in leadership shuffle in party Congress

Chinese Premier Li Keqiang, the nation's No. 2 official and a proponent of economic reforms, is among four of the seven members who will not be reappointed to the nation's all-powerful Politburo Standing Committee. They were not on the list released Saturday of the ruling Communist Party's new 205-member Central Committee, which means they cannot serve on the Standing Committee. China's ruling Communist Party approved an amendment of the party constitution Saturday that could further enhance Xi Jinping's stature as China's leader. The expected move came at the closing session of a weeklong party congress that set the national agenda for the coming five years. The text of the amendment was not immediately released, but before its approval an announcer read out the reasoning behind it, repeatedly mentioning Xi and his accomplishments in strengthening the military and the economy and reinforcing the party's authority. Xi, in brief closing remarks, said the revision sets out clear ...

Chinese Prez Xi's anti-corruption drive probed nearly 5 million officials

Chinese President Xi Jinping's signature anti-corruption drive has probed nearly five million officials since 2012, the ruling Communist Party said on Monday, a day after he warned that the party cannot rest, even for a minute in the fight against corruption. Addressing a press conference on the sidelines of the 20th Congress of the party, which began on Sunday, Xiao Pei, a deputy head of the party's anti-graft body said that some 207,000 party officials were punished in the last 10 years. Since Xi came to power in November 2012, more than 4.6 million officials around the country have been probed for corruption, Xiao said. Xiao added these cases included 553 officials at the ministerial level and above. The Congress with over 2,300 delegates is widely expected to endorse Xi for a third term, which will make him the only leader after the party founder Mao Zedong to continue in power for more than two-five year terms. Critics say Xi effectively used his anti-graft campaign to ...

China traders see property boost, Covid zero resolve at Party meet in Oct

With expectations low for an imminent shift away from the Covid-Zero policy, some investors are limiting their exposure to reopening shares

Chinese govt delegation banned from Queen's Lying-in-State in UK: Report

The UK has refused permission for a high-level Chinese government delegation to attend Queen Elizabeth's Lying-in-State at Westminster Hall within the Parliament complex before the funeral at Westminster Abbey here on September 19, according to UK media reports on Friday. House of Commons Speaker Sir Lindsay Hoyle is said to have refused a request for access to Westminster Hall due to Chinese sanctions against five British members of Parliament and two peers for accusing Beijing of mistreating its Uighur Muslim minority in Xinjiang, Politico' and the BBC have reported. While the House of Commons said it did not comment on security matters, the media reports claimed that China would have a presence at the funeral but not be allowed into the Parliament building. As Westminster Hall forms part of the parliamentary estate, it is under the control of the Commons and the Lords Speakers. The move is likely to further strain UK-China relations, which have been under some pressure in recent

WHO saying end of pandemic within reach falls flat in Covid zero China

Chinese are reacting with pessimism and humor to the World Health Organization chief saying the end of the pandemic is within reach, with millions of people still locked down

China braces for a slowdown even worse than 2020 as growth declines sharply

The consensus in a Bloomberg survey is for the economy to expand 3.5% this year, which would be the second-weakest annual reading in more than four decades

China steps up measures to wipe out Covid-19 as political summit looms

China is enforcing lockdown restrictions in areas around Beijing more intensively, and will mass test the nearby port city of Tianjin

How China plans to spend $1 trn on infrastructure to boost economy

To help boost the economy, Beijing is targeting investments in new energy projects, high-speed rail and water tunnels

China adds 1 trn yuan more of stimulus to rescue economy, bolster growth

China stepped up its economic stimulus with a further 1 trillion yuan of measures to bolster growth and curb the fallout of repeated Covid lockdowns and the crisis in the property market

China announces 19 new policies in a bid to bolster economic growth

The measures -- unveiled by the State Council, the country's Cabinet -- include more than 1 trillion yuan ($146 billion) in new funding to boost investment and consumption, as well as more flexibility

Chinese banks inflating loan numbers amid struggle to meet govt demands

Some state-owned Chinese banks are extending loans to companies and then allowing them to deposit funds at the same interest rate

ICAI probing chartered accountants for role in helping Chinese loan apps

Indian CAs are accused of not conducting due diligence before signing several statutory documents for several Chinese loan apps

China's airlines could join the multibillion-dollar exit from US markets

China Eastern Airlines and China Southern Airlines could "soon" announce similar intentions, according to Redmond Wong, a Greater China market strategist at Saxo Bank

China realty developers plead for govt help to restore sales amid protests

Protesters have tried to disrupt home sales by chanting slogans and pulling down banners when developers open new projects, according to the letter.

China's Covid zero policy could last for years as it works for Xi

It's 2025 in Beijing, five years since the start of the pandemic, and Chinese President Xi Jinping's Covid Zero policy is still an inescapable part of daily life

President Xi Jinping's Beijing invite ignored by top Europe leaders

Chinese Foreign Ministry denies the reports

Chinese regulators to fine Didi over $1 billion for data breaches

Didi's penalty could pave the way for Beijing to ease a restriction banning it from adding new users to its platform and allow its apps to be restored on domestic app stores

China's yield curve is steepest in two years as liquidity swells

Longer yields are being kept from falling due to expectations for economic recovery and the prospect of additional debt issuance