Page 11 - Xi Jinping

Chinese firms step up hiring, wages remain sluggish amid high competition

China resumed publication this year, excluding college students from the data, to put youth unemployment at 14.9% in December

CCP Politburo vows to meet growth targets amid China's slow recovery

The Politburo also pledged to speed up development of 'new productive forces,' a vague new slogan favored by Xi that refers to fresh engines of economic growth

China's anti-graft body to probe corruption in Belt and Road Initiative

President Xi Jinping's Belt and Road Initiative under which China doled out billions of dollars of investments will for the first time come under the scanner of the country's anti-graft body amid allegations of corruption and the projects turning into debt traps for small and medium countries like Pakistan and Sri Lanka. Fighting corruption related to the Belt and Road Initiative (BRI) will be among the priorities for the Central Commission for Discipline Inspection's work report for 2024 (CCDI), the ruling Communist Party of China's (CPC) powerful anti-graft body, the Hong Kong-based South China Morning Post reported. The CCDI report released on Sunday stressed the need to eradicate the breeding grounds for corruption, deepen the system reforms and strengthen the institutions for discipline inspection and supervision, and enhance the organisational development of Party discipline inspection commissions and supervision agencies, state-run Xinhua news agency reported. The report, whi

China's Xi Jinping seeks to boost auto, appliance sales in consumer push

Xi Jinping called logistics the "veins" of the real economy connecting production and consumption as well as internal and external trade

China plans to centralise work on tech, science under communist party

The party will refine a mechanism whereby technological works are led by the Central Committee, according to state broadcaster CCTV citing a central government meeting led by President Xi Jinping

China replaces top securities regulator as Xi Jinping tries to end rout

The shift comes after Chinese authorities struggled to halt a selloff in the world's second-largest stock market with piecemeal support measures over the past few months

China's factory activity shrinks again in January, demand still weak

The composite PMI, which includes manufacturing and services, was at a four-month high of 50.9 in January compared with 50.3 the previous month

Ready to 'break new ground' to solidify ties with France, says Xi

Chinese President Xi Jinping has offered to "break new ground" to give a fillip to the China-France ties, days after French President Emmanuel Macron's high-profile visit to India during which the two countries unveiled an ambitious defence roadmap besides intensifying cooperation in the strategic Indian Ocean and the Indo-Pacific region. Macron's visit to India also coincided with the 60th anniversary of diplomatic relations between China and France. In his message on the occasion, Xi said As today's world is once again at a critical crossroads, China and France should jointly open up a path of peace, security, prosperity and progress for human development. Xi said China attaches great importance to the development of bilateral ties and he stands ready to work with Macron to take the 60th anniversary of diplomatic relations as an "opportunity to uphold fundamental principles, break new ground, build on past achievements, open up a new future, and make China-France comprehensive ...

China officials cut costs as Xi says 'belt-tightening rules here to stay'

The term xiguan is "foreseeing that the financial situation is unlikely to fundamentally improve for a considerable period in the future," said Lu Xi

China expands access to loans for developers, acting to end debt crisis

China has rolled out new rules meant to expand access to commercial bank loans for property developers as Beijing doubles down on its effort to end a prolonged crisis in the real estate industry. The policies will allow real estate companies to use bank loans pledged against commercial properties such as offices and shopping malls to repay their other loans and bonds and to cover operating expenses. They were announced late Wednesday by the People's Bank of China, the National Financial Regulatory Administration and the Finance Ministry. Beijing has moved this week to stabilise ailing financial markets and boost the economy by freeing up more money for lending in various ways. That includes cutting required bank reserves. The flurry of new measures and pronouncements from senior Communist Party officials about the need to stabilise financial markets and build confidence in the economy, the world's second largest, appears to reflect a renewed determination to get growth back on ...

6 Chinese balloons flew through our airspace; warplanes detected: Taiwan

Between Sunday and early Monday morning, four Chinese warplanes and four navy ships were detected around Taiwan, the Defence Ministry said

Rajnath Singh matches Xi Jinping, talks up role of border villagers

We are developing infrastructure on the mountains and deploying the troops on hill borders in such a way that it is ensuring the safety of the people there, said Singh

Xi's China also banned private tutoring in 2021. Here's what happened next

The Indian govt has brought in new regulations for coaching centres, including a ban on enrolling students under the age of 16. China's experiment may have lessons

Chinese economy growing, open for business: China's Premier Li Qiang at WEF

Li said China, with a rapidly urbanizing population of 1.4 billion people, would play an important role in boosting aggregate global demand

Former chief of state-owned Chinese bank Everbright arrested for corruption

The former chairman of state-owned Chinese bank China Everbright Group has been arrested on suspicion of embezzlement and bribery, prosecutors said in a statement on Monday, amid an intensified campaign against corruption. The investigation into Tang Shuangning, the former party secretary and chairman of China Everbright Group has ended and the case would be transferred to the procuratorate for review and prosecution, China's Supreme People's Procuratorate said in a statement. Tang, 69, was expelled from the Chinese Communist Party earlier this month over violations of disciplines and laws, amid a crackdown on corruption in China's financial sector. He retired in 2017. Other allegations against him include weakening the party's leadership over the bank, failing to prevent and defuse financial risks, privately reading publications with serious political problems and resisting organisational scrutiny, the party-run newspaper Global Times cited the Central Commission for Discipline ...

Xi Jinping stays clear of Red Sea battle despite risks to China trade

Chinese container shipping giant China Cosco Shipping Corp. stopped delivering goods into Israel because of the threats and attacks posed by the militants

China media warns against taking China's Indian Ocean research as threats

Detailed knowledge of ocean depths, currents and temperature was vital to China's growing submarine operations

How 2024 Taiwan election result will impact China, US & the world

Maldives, China sign 20 agreements amid diplomatic row with India

Chinese President Xi Jinping on Wednesday held talks with his Maldivian counterpart Mohamed Muizzu following which the two countries signed 20 key agreements, including one on tourism cooperation, and elevated their bilateral ties to a comprehensive strategic cooperative partnership. The two heads of state announced the elevation of bilateral ties to a Comprehensive Strategic Cooperative Partnership, state-run Xinhua news agency reported. "20 key agreements were signed today between the Government of the Maldives and the Government of China this afternoon and both the Presidents witnessed the signing ceremony," Maldivian President's office said in a post on X. The agreements signed included one tourism cooperation, disaster risk reduction, blue economy, strengthening investment in the digital economy and the Belt and Road Initiative. China will also provide grant assistance to the Maldives, but the amount was not disclosed. Muizzu and his wife Sajida Mohammad were given a ceremonia

Maldives Prez Muizzu meets Chinese counterpart Xi amid row with India

Chinese President Xi Jinping on Wednesday held talks with his Maldivian counterpart Mohamed Muizzu, who is on a five-day state visit, amid a diplomatic row with India over derogatory remarks by his ministers against Prime Minister Narendra Modi. President Muizzu was accorded a red carpet welcome and a 21-gun salute. Official media reported that Xi and Muizzu held talks, without sharing the details. Muizzu, who is regarded as a pro-China leader, is visiting China amid the row with India after some Maldivian ministers posted derogatory remarks against Prime Minister Modi leading to a spate of cancellations of reservations by Indian tourists, who constitute the largest number of visitors to the tourism-dependent island nation. Besides talks with Xi, Muizzu is expected to meet Chinese Premier Li Qiang and other senior officials before his return to Male on January 12. Muizzu reached Beijing last night after staying in the Chinese city of Fujian for two days. In his address to the Mal