Business Standard

Tuesday, January 21, 2025 | 05:51 PM ISTEN Hindi

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Page 2 - China

China's population decline continues for third year in a row: Here's why

Population decline is not unique to China, East Asian countries such as Japan and South Korea, have also experienced decreases in birth rates

China's population decline continues for third year in a row: Here's why
Updated On : 17 Jan 2025 | 5:21 PM IST

Chinese firms rent fake office spaces for unemployed to 'pretend to work'

To avoid the stigma of unemployment, individuals in China are renting fake office spaces for around $4 a day, enabling them to maintain appearances with family and friends

Chinese firms rent fake office spaces for unemployed to 'pretend to work'
Updated On : 17 Jan 2025 | 4:01 PM IST

China successfully launches Pakistani satellite 'PRSC-EO1' into space

China successfully launched a Pakistani satellite into space from the Jiuquan Satellite Launch Center on Friday. The satellite, named PRSC-EO1, was launched at 12:07 p.m. (Beijing Time) by a Long March-2D carrier rocket and entered its planned orbit successfully, state-run Xinhua news agency reported. The rocket also carried two other satellites - Tianlu-1 and Lantan-1. This launch marked the 556th flight mission involving the Long March carrier rocket series. China has been launching satellites for Pakistan in the last few years broadening their all-weather alliance into the space arena. Last year, China launched a multi-mission communication satellite for Pakistan. In 2018, China sent two Pakistan satellites into orbit. The PRSS-1, Pakistan's first optical remote sensing satellite, and the PakTES-1A, a smaller observation craft.

China successfully launches Pakistani satellite 'PRSC-EO1' into space
Updated On : 17 Jan 2025 | 11:33 AM IST

New home prices in China flat for first time in 18 months after govt push

Beijing rolled out a slew of measures in the second half of last year to stabilise the real estate market, including cutting mortgage rates and allowing local governments to buy unsold housing units

New home prices in China flat for first time in 18 months after govt push
Updated On : 17 Jan 2025 | 9:57 AM IST

China's economy grows 5% in 2024, driven by exports, stimulus measures

China's economy expanded at a 5% annual pace in 2024, slower than the year before but in line with Beijing's target of around 5% growth, helped by strong exports and recent stimulus measures. In quarterly terms, the economy grew 5.4% in October-December, the government reported Friday. Exports accelerated as companies and consumers rushed to beat potential tariff hikes incoming President-elect Donald Trump may impose on Chinese goods. The national economy was generally stable with steady progress and new achievements were made in high-quality development, according to the report by the National Bureau of Statistics on Friday. Particularly, with a package of incremental policies being timely rolled out, the social confidence was effectively bolstered and the economy recovered remarkably, it said. Manufacturing was a strong engine for growth last year, with industrial output jumping 5.8% from a year earlier. Total retail sales of consumer goods grew 3.5% at an annual rate. Exports

China's economy grows 5% in 2024, driven by exports, stimulus measures
Updated On : 17 Jan 2025 | 8:41 AM IST

Bessent criticises China's economic practices, proposes sanctions on Iran

During the Senate confirmation hearings, Bessent called China an 'unbalanced economy,' and described the nation as being in a 'severe recession'

Bessent criticises China's economic practices, proposes sanctions on Iran
Updated On : 17 Jan 2025 | 7:25 AM IST

Isro mission succeeds, 2 satellites dock in space in 'historic moment'

'Significant stepping stone for India's ambitious space missions,' says Prime Minister Modi

Isro mission succeeds, 2 satellites dock in space in 'historic moment'
Updated On : 16 Jan 2025 | 10:57 PM IST

China's ministry launches probe into US chip subsidies, alleged dumping

The Commerce Ministry didn't name any company, but several US firms including Texas Instruments Inc. and Analog Devices Inc. rank among the leaders in lower-end products such as power and analog chip

China's ministry launches probe into US chip subsidies, alleged dumping
Updated On : 16 Jan 2025 | 10:46 PM IST

China offers $3.7 bn for SL's refinery as Dissanayake seeks more investment

China has offered to invest USD 3.7 billion in Sri Lanka, stated to be the biggest-ever foreign investment in the island nation, to build a state-of-the-art oil refinery as the two countries signed a new plan to upgrade BRI cooperation during Sri Lankan President Anura Kumara Dissanayake's state visit here. On Thursday, Dissanayake met Chinese Premier Li Qiang and Chairman of the Standing Committee of the National People's Congress Zhao Leji and pitched for more Chinese investment in his address to Chinese firms. A day earlier, Dissanayake held talks with his Chinese counterpart Xi Jinping following which the two sides signed 15 agreements. According to a press release by the Sri Lankan President's media division, his visit marked a significant milestone by securing the largest foreign direct investment to date of USD 3.7 billion Chinese investment to build a state-of-the-art oil refinery at Hambantota. This significant achievement was formalised this morning with the signing of an

China offers $3.7 bn for SL's refinery as Dissanayake seeks more investment
Updated On : 16 Jan 2025 | 7:17 PM IST

China, Russia support Gaza ceasefire, hope for permanent peace, stability

Chinese Foreign Ministry spokesperson Guo Jiakun said Thursday that Beijing welcomes the Israel-Hamas ceasefire deal and hopes it can be "effectively implemented so a comprehensive and permanent ceasefire in Gaza can be achieved". China will continue to provide humanitarian assistance to Gaza and make "positive efforts" for post-war reconstruction, he added. "We also sincerely hope that the relevant parties will take the Gaza ceasefire as an opportunity to promote the easing of local tensions. China is willing to work with the international community to make unremitting efforts to promote peace and stability in the Middle East," Guo said.

China, Russia support Gaza ceasefire, hope for permanent peace, stability
Updated On : 16 Jan 2025 | 3:38 PM IST

EU can stand up to US, China rivals with integrated energy market: IMF

Boosting Europe's economic competitiveness is a priority for the 27-nation bloc as it struggles in the race for new, climate-friendly technologies against China and the United States

EU can stand up to US, China rivals with integrated energy market: IMF
Updated On : 16 Jan 2025 | 12:53 PM IST

China gives a wary welcome to influx of 'TikTok refugees' on RedNote

The influx of more than 700,000 new users has been driven by a looming US ban on TikTok, used by 170 million Americans, on national security concerns

China gives a wary welcome to influx of 'TikTok refugees' on RedNote
Updated On : 16 Jan 2025 | 12:35 PM IST

Vietnam mulls removing barriers for China-made aircraft to be operational

COMAC has been eyeing Vietnam as a potential market for some time, and conducted a southeast Asia marketing tour last February, during which it flew two demonstration planes to the country

Vietnam mulls removing barriers for China-made aircraft to be operational
Updated On : 16 Jan 2025 | 10:01 AM IST

OCAC highlights overseas outreach success for Taiwan amid policy shifts

The council emphasised that shifting global policies have created new opportunities for Taiwan to expand its international presence

OCAC highlights overseas outreach success for Taiwan amid policy shifts
Updated On : 16 Jan 2025 | 7:50 AM IST

Taiwan detects 10 Chinese military aircraft, 6 vessels near its territory

In recent weeks, China has been visibly boosting its ability to invade Taiwanese beaches with innovative new naval equipment

Taiwan detects 10 Chinese military aircraft, 6 vessels near its territory
Updated On : 16 Jan 2025 | 7:41 AM IST

China places SL on top of its neighbourhood diplomacy: Xi tells Dissanayake

China places Sri Lanka on top of its neighbourhood diplomacy and supports it in safeguarding its sovereignty, President Xi Jinping told his Sri Lankan counterpart Anura Kumara Dissanayake during their meeting here on Wednesday. After their meeting, the two countries signed several agreements to boost bilateral ties, an official statement here said. Xi expressed China's readiness to usher in a new era of development in bilateral ties and called on the two countries to have a keen grasp of their relations from a strategic perspective and jointly build a China-Sri Lanka community with a shared future, it said. Dissanayake, who arrived here on Tuesday on a four-day visit a month after travelling to India on his first overseas trip since assuming office in September, was given a ceremonial welcome at the Great Hall of People, following which both the Presidents held talks. After the talks, the two leaders witnessed the signing of several bilateral documents on the cooperation plan for .

China places SL on top of its neighbourhood diplomacy: Xi tells Dissanayake
Updated On : 15 Jan 2025 | 10:40 PM IST

Xi Jinping talks with Dissanayake, pledges new era in China-Sri Lanka ties

President Xi Jinping Wednesday expressed Beijing's readiness to usher in a new era of development in China-Sri Lanka ties as he met Sri Lankan counterpart Anura Kumara Dissanayake here following which both countries signed several agreements to boost bilateral relations. Dissanayake, who arrived here on Tuesday on a four-day visit a month after travelling to India on his first overseas trip since assuming office in September, was given a ceremonial welcome at the Great Hall of People following which both the Presidents held talks. Xi emphasised China's readiness to work closely with Sri Lanka in ushering in a new era of development, a press release issued by the Sri Lankan President's Media Division in Colombo said. Xi also recalled the longstanding relationship between the two countries, highlighting the close friendship that has existed for decades. President Xi reiterated China's commitment to continuing its cooperation with Sri Lanka in the future, the release said. Following

Xi Jinping talks with Dissanayake, pledges new era in China-Sri Lanka ties
Updated On : 15 Jan 2025 | 6:58 PM IST

Americans turn to RedNote over TikTok Ban concerns. Check details

TikTok has been given a deadline to sell the operations to the US or face a ban. Amid ban concerns, American users are moving to an alternative, Xiaohongshu, also known as RedNote

Americans turn to RedNote over TikTok Ban concerns. Check details
Updated On : 15 Jan 2025 | 5:48 PM IST

Tianmen's birth boom: Here's how the city defied China's population decline

Tianmen, with 1 million residents, saw 1,050 more babies in 2024, defying China's declining births and ageing population, key challenges to the nation's economic sustainability

Tianmen's birth boom: Here's how the city defied China's population decline
Updated On : 15 Jan 2025 | 2:40 PM IST

US importers rush in goods from China as Trump's tariff threat looms

Trump, who has threatened to slap tariffs of 10 per cent to 60 per cent on goods from China, takes office on January 20

US importers rush in goods from China as Trump's tariff threat looms
Updated On : 15 Jan 2025 | 1:25 PM IST