Beijing: China warned on Tuesday that Washington was “endangering regional peace” in a new deal with the Philippines that will see four additional bases be used by US troops, including one near the disputed South China Sea and another not far from Taiwan. “Out of self-interest, the US maintains a zero-sum mentality and continues to […]
WASHINGTON: A Chinese spy balloon that flew across the US was able to gather intelligence from several sensitive American military sites and transmit it back to Beijing in real-time, despite the Biden administration‘s efforts to block it, a media report said on Monday.A suspected Chinese spy balloon said to be the size of three buses, […]
BO’AO, China: China’s new No. 2 leader said Thursday its economic recovery improved in March and tried to reassure foreign companies the country is committed to opening to the world.Premier Li Qiang spoke before an international audience of businesspeople and politicians as the government tries to revive business and consumer confidence after anti-virus controls that […]
Beijing: Chinese Foreign Minister Qin Gang told his Japanese counterpart on Sunday that Tokyo’s new export controls on semiconductor equipment will only further drive Beijing‘s quest “to become self-reliant”.Yoshimasa Hayashi‘s visit to China is the first by a Japanese foreign minister since December 2019, ending a gap of over three years during which bilateral ties […]
NEW DELHI: Over the last two decades, China has provided record amounts of international development finance and established itself as a financier of first resort for many low- and middle-income countries (LMICs) like Pakistan and Sri Lanka. However, its grants and lending activities remain shrouded in secrecy and have been blamed for pushing vulnerable nations […]
Chinese regulators held a meeting with banks to gauge their interest in taking over Silicon Valley Bank’s stake in a local joint venture, Bloomberg News reported on Thursday.China’s Banking and Insurance Regulatory Commission convened a meeting this week to discuss the offloading of SVB’s 50% holding in SPD Silicon Valley Bank, the report said, citing […]
BEIJING: Relations between China and Singapore have set a benchmark for countries in the region, Chinese President Xi Jinping told Singapore’s Prime Minister Lee Hsien Loong during talks in Beijing on Friday. China is willing to work with Singapore in further building new “channels” by land and sea, Xi told Lee, according to Chinese state […]
NEW DELHI: The Coco Islands of Myanmar, close to the Andaman and Nicobar archipelago in the Bay of Bengal, are witnessing a lot of military construction, including extension of a runway, hangars and a radar station, in recent months, leading to suspicion whether China is behind the infrastructure build-up. The A&N islands are 1,200km from […]
BEIJING: As Taiwan‘s president began a stopover in the United States on her way to Central America, China said it was closely watching developments and would “resolutely safeguard our sovereignty and territorial integrity.”China claims Taiwan as its own territory to be brought under its control by force if necessary, and portrays the self-governing island democracy […]
BOAO: China will beef up its regulatory oversight of the digital economy, as new technologies, especially new forms of finance, should not be blindly accepted and recognised, a deputy governor of the central bank said on Friday. Digital currencies and newly invented cryptocurrencies, rather than solving problems in finance, can in fact create new challenges, […]
