Page 9 - China

Asian shares fall, long-dated Treasuries prepare for worst week in a year

It has been a week of rate cuts from Switzerland, Canada and the European Central Bank, which had rate differentials working in the favour of the US dollar

China look forward to $1 billion investment in Pakistan's healthcare sector

President Zardari met with a delegation led by the Chinese Consul General Yang Yundong at Bilawal House in Karachi, where he called for greater Chinese investment in Pakistan's various sectors

Canada targets Chinese officials with sanctions over human rights abuses

The Canadian government's decision came in response to ongoing reports of systemic repression and abuses in China

Govt announces formula for classifying green steel based on emissions

Steel produced with emissions below 1.6 tonnes per tonne of alloy would be classified as 'five-star green-rated steel', the cleanest of the three

Taiwan officials visit US for talks with President-elect Trump's aides

The visit by Lin and Hsu comes as China's military has stepped up activity near the Taiwan Strait

Taiwan urges China to stop 'provocation' amid rise in military activity

Taiwan Presidential Office spokesperson Karen Kuo said Lai Ching-te's recent visit to diplomatic allies was a common practice of Taiwan presidents

China to expand private pension scheme from Dec 15 for ageing population

Those covered by public pension insurance will be allowed to open private pension accounts and invest up to 12,000 yuan

US raises tariffs on Chinese solar wafers, polysilicon, tungsten imports

The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect US clean energy businesses. The notice from the US Trade Representative's office said tariffs on Chinese-made solar wafers and polysilicon will rise to 50% and duties on certain tungsten products will increase to 25%, effective on Jan. 1, following a review of Chinese trade practices. The tariff increases announced today will further blunt the harmful policies and practices by the People's Republic of China," USTR Katharine Tai said in a statement. "These actions will complement the domestic investments made under the Biden-Harris Administration to promote a clean energy economy, while increasing the resilience of critical supply chains. Last week, Washington tightened restrictions on Chinese access to advanced semiconductor technology. Beijing responded by banning exports to the US of certain critical minerals needed to make computer chips, such as gallium,

Nvidia steps up hiring in China to focus on research in AI-driven cars

The world's second most valuable company will end the year with about 4,000 people, up from just about 3,000 at the start of 2024

Taiwan detects 34 Chinese military aircraft, 16 vessels around territory

In response to the PLA's activities, the MND initiated war-preparedness drills at strategic locations across the island

Chinese Salt Typhoon telecom hacking: Senators say US must boost security

US agencies held classified briefings for the Senate and the House of Representatives over the last week about the hacking incident

India in top 3 contributors to tourism emissions in decade to 2019: Study

India, the US and China, were together responsible for 60 per cent of increase in tourism emissions between 2009 and 2019, a study has found, attributing it largely to population and a strong growth in travel demand. China's domestic tourism expenditure expanded by 17 per cent per year over the past decade and pushed global emissions up by 0.4 gigatonnes, followed by domestic tourism in the US (0.2 gigatonnes) and India (0.1 gigatonnes), the study, published in the journal Nature Communications, found. Rising income levels, especially among the "emerging economic powerhouses of China and India", too could be a driving factor, researchers led by those at the University of Queensland, Australia, said in the study. They tracked international and domestic travel for 175 countries during 2009-2019 and found that greenhouse gas emissions from tourism have been growing more than two times faster, compared to those from the rest of the global economy. Carbon footprint from tourism was foun

TikTok challenges Canadian govt order to shut down operations in country

TikTok has challenged a Canadian government order to shut down the Chinese video-sharing app's business operations in the country that was imposed over national security concerns. The company said Tuesday that it filed an application for a judicial review with the Federal Court in Vancouver on December 5, which seeks to set aside the order for TikTok to wind-up and cease its business in Canada. The Canadian federal government last month announced it was ordering the dissolution of TikTok Technology Canada Inc. after a national security review of its Chinese parent company ByteDance Ltd. The government is not blocking access to the TikTok app, which will continue to be available to Canadians. TikTok said it has 14 million users in Canada, which is about a third of the population. It has offices in Toronto and Vancouver. The wildly popular platform is owned by ByteDance, a Chinese company that moved its headquarters to Singapore in 2020, but is under increasing pressure in the West.

Chinese authorities may consider a weaker yuan as Trump trade risks loom

Letting the yuan depreciate could make Chinese exports cheaper, thus blunting the impact of tariffs, and creating looser monetary settings in mainland China

China says it takes 'necessary steps' to defend sovereignty over Taiwan

A senior Taiwanese official said they believed the surge in activity was meant to send a political message to the incoming administration of US President-elect Donald Trump

Chinese Councillor Chen Tsui-luan's prison sentence upheld by Taiwan's SC

Chen was found guilty of unlawfully pocketing NTD 4.49 million ($138,409) in government funds through fraudulent travel subsidy claims dating back to 2013

Taiwan detects 53 Chinese military aircraft, 11 vessels around territory

In response to the PLA's activities, the MND initiated war-preparedness drills at strategic locations

Nissan reassigns CFO Ma to China head in management reshuffle: Report

Nissan said last month its half-year net earnings were down more than 90 per cent from the same period last year and cut its annual operating profit forecast by about 70 per cent

China deploys 90 naval vessels from Japan's Southern Islands to S China Sea

China is also forming two walls in the western Pacific, deploying large numbers of vessels to the eastern end of Taiwan's Air Defense Identification Zone

Xi asks officials to enhance governance, prioritise national security

Chinese President Xi Jinping has directed officials to enhance the governance and high-quality development in the country's border areas prioritising national security and social stability. It is essential to prioritise national security and social stability as the bottom-line requirement for governance in border areas, Xi said while presiding over a group study session of the Political Bureau of the Communist Party of China on Monday. He said it is essential to uphold the party's overall leadership in all aspects and throughout the entire governance process in border areas. "No border area shall be left behind in advancing Chinese modernisation," he was quoted as saying by the state-run Xinhua news agency Tuesday. In recent years, China has been focussing on the development of border areas in Tibet along India and Bhutan borders by establishing hundreds of well-developed villages. Tibet had built more than 600 well-off, high-standard border villages, with accessible roads, accord