Page 5 - China

China's first batch of 2025 fuel export quota flat compared to a year ago

State-owned oil firms Sinopec and CNPC, the key receivers of these quotas, were given combined allowances of 13.34 million tonnes, or 70 per cent of the 19 million tonnes

China approves construction of world's largest hydropower dam in Tibet

The dam, which will be located in the lower reaches of the Yarlung Zangbo River, could produce 300 billion kilowatt-hours of electricity annually

Decoded: Why Trump wants Panama Canal back and what it means for the world

Donald Trump criticised Panama Canal fees as a 'rip-off' and raised alarms about China's influence near the canal, sparking a renewed debate over its trade role and sovereignty

China keeps interest rates steady, drains record cash in policy adjustment

The authorities also withdrew a net 1.15 trillion yuan ($158 billion) from the financial system with the tool, the most since 2014

Taiwan reports five Chinese naval vessels operating near its territory

Recently, Nato Secretary General Mark Rutte also criticised China's stance towards Taiwan and said that China is bullying Taiwan

China, Japan agree to talks on security issues as they seek to mend ties

China and Japan agreed on Wednesday to set up talks on often contentious security issues as they seek to improve a relationship driven in recent years by a range of issues, from territorial disputes to the discharge of water from Japan's tsunami-wrecked nuclear power plant. Japanese Foreign Minister Takeshi Iwaya, on his first trip to China since assuming the post in October, sounded positive after meetings with Chinese Premier Li Qiang and Foreign Minister Wang Yi, saying the talks were very candid" and wide-ranging. I feel we were able to build a personal relationship that would lead to the future," he told reporters in the Chinese capital. Wang agreed to visit Japan next year for a high-level economic dialogue including cooperation on the environment, energy conservation and health and nursing care. Japan announced an easing of visa requirements for Chinese visitors, following China's recent decision to allow Japanese to enter without a visa. The two countries also have major ..

China issues 19 mn metric tons of fuel under 2025 1st batch export quota

China manages its refined oil exports via a strict quota system, using exports as a tool to balance and ensure the domestic market is sufficiently supplied

Hisense in talks with contract manufacturer Epack to pick minority stake

Hisense group, a China-based multinational appliance and electronics manufacturer, is in talks with Epack Durable to acquire a minority stake in a step-down subsidiary of the Original Equipment Manufacturer (OEM). In a clarification to bourses on Tuesday, Epack Durable Private Limited (EDPL) said it is in discussions with the Chinese manufacturer. "We would like to inform you that business discussions are currently in the preliminary stage," said Epack Durable. The Greater Noida-based company further said it will file the requisite disclosure in compliance with applicable laws when required. According to Epack Durable, it is India's second-largest Original Design Manufacturer (ODM) of room air-conditioners based on the total number of indoor and outdoor units. The company, which was listed on NSE and BSE earlier this year, is expanding its manufacturing facilities including at its recently started Sri City. Established in 2002, Epack Durable manufactures RAC (room air-conditioner

Japan's foreign minister seeks to improve bilateral ties during China visit

Japanese Foreign Minister Takeshi Iwaya met with top Chinese leaders Wednesday during his visit to Beijing, the first since the heads of the two countries met at a summit in Peru last month, in an effort to make positive inroads in the bilateral relationship. The two neighbours have had a tense relationship in recent years. At the top of Iwaya's agenda is China's ban on Japanese seafood in response to the release of treated radioactive wastewater into the sea from the Fukushima Daiichi nuclear power plant, as well as China's increasingly assertive military activity in the East and South China Seas. Iwaya met with China's premier Li Qiang Wednesday as well as Wang Yi, his Chinese counterpart. "Currently the China-Japan relations are at a critical period of improvement and development, said Li, in his remarks. China is willing to work together with Japan to move towards the important direction proposed by the leaders of the two countries. "I want to build a relationship where the peo

Honda, Nissan merger deal may be key in fight against China's BYD

Honda and Nissan are both having trouble contending with ascendant domestic automakers in China

India-China military standoff ends in Ladakh after 2024 border deal

It was a breakthrough year in India-China ties after a near freeze in their ties for over four years the longest since the 1962 war with an agreement to end the eastern Ladakh military standoff. After amassing of a large number of troops by China along the Line of Actual Control (LAC) in Eastern Ladakh in April-May 2020, as External Affairs Minister S Jaishankar said in a recent statement in Lok Sabha, resulting in the Galwan valley clash in June 2020, there had been a breakdown in the relations between the two Asian giants. The post-1962 war chill lasted till the then Prime Minister Rajiv Gandhi's visit to Beijing in 1988. This time, the two countries held periodic talks between the top commanders and through the Working Mechanism for Consultation and Coordination (WMCC), resulting in disengagement in stages from four points -- the Galwan Valley, the Pangong Lake, Hot Springs, and Gogra -- in eastern Ladakh by creating buffer zones. Finally, on October 21, India and China firmed

Taiwan detects 3 Chinese military aircraft, 6 vessels around its territory

Of the three People's Liberation Army (PLA) aircraft, one of them entered Taiwan's eastern Air Defense Identification Zone (ADIZ)

Brics' influence growing among countries of Global South, says China

China on Tuesday said the appeal and influence of the BRICS bloc is growing more saliently as it is becoming the main platform to promote solidarity and cooperation between the Global South. With the partner countries on board the BRICS family, the BRICS cooperation is elevated to a new height, the BRICS mechanism has greater representation, Chinese Foreign Ministry spokesperson Mao Ning told the media here while responding to a question on Russia announcing new BRICS partner countries. Mao said a list of BRICS partner countries was finally agreed on with consensus among the member countries. The list included Indonesia, Malaysia, Thailand, Belarus, Bolivia, Cuba, Kazakhstan, Uzbekistan and Uganda. BRICS originally consisted of Brazil, Russia, India, China and South Africa. Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates have been admitted as new members. China stands ready to work with other BRICS members and partner countries to follow the spirit of openness, ..

Chinese workers found in 'slave-like conditions' at BYD's Brazil facility

BYD has cut ties with its contractor Jinjiang Construction Brazil Ltd, and pledged to protect the rights of all subcontracted workers

China's Hisense eyes 26% stake in Epack's manufacturing facility in India

Epack Manufacturing Technologies, which is building a major production facility in Andhra Pradesh for Hisense, expects $1 billion in additional revenue in the next five years from the Hisense partners

China to hike pensions, med insurance subsidies to spur consumption in 2025

The country will boost the basic pension for retirees and for urban and rural residents and raise financial subsidy standards for urban and rural residents' medical insurance

Taiwan reports 8 Chinese aircraft, six naval vessels around its territory

Of the eight People's Liberation Army (PLA) aircraft, six of them crossed the median line and entered Taiwan's northern and southwestern Air Defense Identification Zone (ADIZ)

China rebuffs Trump threat over Panama Canal; says it should remain neutral

China Monday backed Panama President Jose Raul Mulino's assertion of his country's sovereignty over the Panama Canal against US President-elect Donald Trump's threat to regain control of it if the central American country doesn't stop charging "exorbitant prices" to US ships and naval vessels. The 82-km Panama Canal cuts across the central American nation and is the main link between the Atlantic and Pacific oceans. If shipping rates are not lowered "we will demand that the Panama Canal be returned to us, in full, quickly and without question, Trump told a crowd of supporters in Arizona on Sunday. His remarks prompted a quick rebuke from Mulino, who said, "every square metre" of the canal and surrounding area belongs to his country. Panama's sovereignty and independence were non-negotiable, BBC quoted Mulino as saying. Asked for her comments at a media briefing here, Chinese Foreign Ministry spokesperson Mao Ning referred to Mulino's assertion of Panama's sovereignty. The Panama

Many Americans rely on Chinese-made drones, lawmakers want to ban them

Russell Hedrick, a North Carolina farmer, flies drones to spray fertilisers on his corn, soybean and wheat fields at a fraction of what it would cost him to use a conventional ground spreader. As a volunteer rescuer, Hedrick uses thermal drones to search for people trapped by mudslides and cargo drones to send water and baby formula to those who are stranded something he did after Hurricane Helene. Now he is fretting that one day he will have to ground his drone fleet. Most commercial drones sold in the United States, including those used by Hedrick, are made in China. They have become a target of US lawmakers, who see the dominance of Chinese drones not only as an espionage threat but as a commercial threat because they make it nearly impossible for American manufacturers to compete. It's another front in the US-China economic and technological competition that's likely to intensify with the return to the White House in January of Republican Donald Trump, who has promised to get .

Taiwan's Legislative Yuan faces 1 mn monthly cyber attacks from China

The Legislative Yuan, is the highest legislative organ,which exercises legislative power on behalf of the people