Indian and Chinese armies salute each other along the Line of Actual Control (LAC) near the Karakoram Pass in Ladakh on October 31, 2024, on the occasion of Diwali. – Agence France-Presse NEW DELHI: Indian and Chinese troops exchanged boxes of sweets on Thursday at two points on their disputed highland border, a week after … Read more
Beijing: Chinese President Xi Jinping on Tuesday called for mobilizing forces to advance reform in a steady and sustainable way, while addressing senior officials attending a central study session at the Party School. Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks … Read more
HSBC announced on Wednesday at Sibos that it is expanding the trade finance solutions it offers to businesses trading on e-commerce platforms in mainland China and Hong Kong, following the successful launch of its partnership with Dowsure Technologies. Small and medium-sized enterprises (SMEs) typically face challenges securing trade finance, but by using real-time trade data … Read more
Chinese President Xi Jinping delivers his keynote speech at the opening ceremony of the 9th Summit of the Forum on China-Africa Cooperation (FOCAC), at the Great Hall of the People in Beijing, China on September 5, 2024. – Reuters Xi inspects the People’s Liberation Army Rocket Force Brigade. The People’s Liberation Army is tasked with … Read more
BEIJING: China’s Minister of Commerce Wang Wentao on Tuesday urged the U.S. to lift sanctions on Chinese enterprises in a phone call with his American counterpart Gina Raimondo. Wang said it is crucial to clarify the boundaries of national security in economic and trade areas, as this would help maintain the stability and security of … Read more
China solidified its position as Africa’s largest bilateral trading partner last year, as trade with the continent reached a record $282.1 billion, up 1.5% from 2022. But a 7.5% surge in Chinese exports, to $173 billion, was not matched by imports from Africa, which fell by 6.7% to $109 billion, widening Africa’s trade deficit with … Read more
In September, the US adopted a 100% tariff on all electric vehicles (EVs) imported from China, along with a 50% tariff on solar cells and a 25% tariff on steel, aluminum, EV batteries and key minerals. The raft of new duties took effect on September 27, and a long-debated 50% tariff on Chinese semiconductors is … Read more
BEIJING: As China’s National Day holiday wraps up, people have flocked to cities and attractions rich in cultural heritage. According to data from Trip.com, four out of the five most searched themes during this holiday are culture-related, highlighting a strong interest in “Traveling with Textbooks,” popular museums, music festivals and study tours. The concept of … Read more
The US State Department on Thursday imposed sanctions on a Chinese research institute and several companies it said have been involved in supplying Pakistan’s ballistic missile programme. Washington similarly targeted three China-based companies with sanctions in October 2023 for supplying missile-applicable items to Pakistan. Department spokesperson Matthew Miller said in a statement that the Beijing … Read more
Philippines’ Nesthy Petecio celebrates after defeating China’s China’s Xu Zichun in their women’s 57 kg quarterfinal boxing match at the Paris Olympics 2024, Sunday, Aug. 4, 2024, in Paris, France. (AP Photo/John Locher) There was a sea of difference in boxing mastery in the first two rounds. Nesthy Petecio was all over Xu Zichun in … Read more