Page 31 - China

China seeing new surge in Coronavirus cases despite zero tolerance approach

China is seeing a new surge in Covid-19 cases across the vast country, despite its draconian zero tolerance approach to dealing with outbreaks

China's exports, imports grow in double digits in January-February

China's exports rose by double digits in January-February in a sign global demand is reviving while imports also gained despite a downturn in the world's second-largest economy. Exports grew by 16.3% over a year earlier to $544.7 billion in the two-month period, customs data showed Monday. Imports advanced 15.5% to $428.7 billion. Chinese authorities combine trade data for the first two months to screen out fluctuations due to the Lunar New Year holiday, which falls at different times each year in January or February. Factories shut down for up to two weeks, then restock after they reopen. Exports to the United States rose 13.8% over a year earlier to $91.5 billion despite higher U.S. tariffs in a lingering trade war with Beijing. Imports of American goods gained 8.3% to $31.7 billion. That was despite an abrupt slide in Chinese economic activity to 4% over a year earlier in the final quarter of 2021, compared with 8.1% for the full year, due to a crackdown on corporate debt. The

We do whatever we can to deter China: Australian Defence Minister

Amid rising tensions with China, Australian Defence Minister Peter Dutton has indicated that his country may send weapons to Taiwan in response to any future Chinese military aggression.

How damaging is freezing CB assets?

Not much. Just that the CB is not able to manipulate currency markets

14 workers confirmed dead in China coal mine collapse

Fourteen workers who were trapped when a coal mine in southwest China collapsed 10 days ago had died, media reported

China aims to build 450 GW of solar, wind power on Gobi desert

President Xi Jinping has pledged to bring China's total wind and solar capacity to at least 1,200 GW and to cap its carbon emission to a peak by 2030

China cuts GDP growth to 5.5% to target slower growth amid headwinds

In 2021, China's economy grew by 8.1 per cent to about USD 18 trillion- stated to be the best in a decade

China's GDP target of 5.5% for 2022 will be challenging to meet: Economists

The economy grew 8.1% in 2021, when the government set a conservative target of 'above 6%.'

China hikes defence budget by 7.1% to $230 bn, three times India's spending

China's hike in defence spending comes amid the People's Liberation Army's growing incidents of muscle-flexing in the strategic Indo-Pacific region

China hikes defence budget by 7.1% to $230 bn from last yr's $ 209 bn

The hike is over three times that of India's defence budget of Rs 5.25 trillion (about $70 billion) for 2022.

China lowers GDP target for 2022 to 5.5% from last year's 6.1%

In 2021, China's economy grew by 8.1 per cent 2021, well above the government target

China lowers GDP target from last year's 6.1% to 5.5% for this year

China on Saturday lowered its GDP target to 5.5 per cent for this year from last year's 6.1 per cent. The new target for the second-largest economy was announced by Premier Li Keqiang in his work report presented to the National People's Congress (NPC), the country's parliament which opened its annual session here on Saturday. China's economy grew by 8.1 per cent in 2021 to about USD 18 trillion a performance that was stated to be the best in a decade. The pace of the growth was well above the government target of above six per cent in 2021. In his work report presented to the NPC, Li said China plans to create more than 11 million new jobs in 2022. He said China plans to cut the ratio of its deficit to GDP to around 2.8 per cent for the year of 2022. The fundamentals of China's economy remain unchanged, and the nation will maintain long-term growth, he said. Over 2,800 members attended the NPC which will meet here for over a week to transact the annual legislative work.

China will be among countries hardest hit by global warming: UN report

A newly published report by a UN agency has warned that China will be among the countries hardest hit by global warming.According to a report published by UN Intergovernmental Panel on Climate Change (IPCC), China needs to do more to adapt to mounting climate hazards.It will need to find solutions to water and food insecurity, poverty and inequality, and more extreme weather events, online magazine Sixth Tone reported.The report said that China could suffer the world's biggest economic losses as a result of rising sea levels and the resulting floods.A study in the report estimates that China's food security will also be threatened, as a warming climate is expected to affect yields of wheat, maize, rice, and fish.Luo Yong, professor of earth science at Tsinghua University and a lead author of the report's Asia chapter, said the report offers a clear look at the dangers humanity faces over the coming two decades as well as by the end of the century."Our main takeaway is that it is very .

China kicks off key Parliament season ahead of President Xi's 3rd term

China kicked off its annual Parliament season amid the global turmoil over the Ukraine crisis and the impending leadership overhaul later this year as President Xi Jinping is set to begin third term

New Indian ambassador to China arrives in Beijing, undergoing quarantine

India's new ambassador to China Pradeep Kumar Rawat has arrived in the country and is undergoing mandatory quarantine for the COVID-19, the Indian embassy here said on Friday.

Mike Pompeo unofficially urges US to give diplomatic recognition to Taiwan

Former US Secretary of State Mike Pompeo on a non-official visit to Taiwan called for the US to give diplomatic recognition to the self-ruled island China claims as its own territory

China one of the best performers in curbing Covid pandemic: Official

China has so far reported 110,258 cases since the outbreak and there were 3,304 patients still under treatment as of Thursday and 4,636 patients died so far.

US provoked Russia by not ruling out NATO membership for Ukraine: China

China was one of 35 nations that abstained from a vote of the UN General Assembly on Wednesday, which saw 141 nations condemn Russia's invasion of Ukraine

US Senators propose bill to sanction Beijing in event of Taiwan invasion

Amid China's growing military aggression towards Taiwan, 3 US senators have proposed a bill that would allow for the imposition of financial sanctions against China in event of an attack on Taiwan

Xi tells China's armed police to be 'faithful guardian' of CCP

Xi made the remarks on Wednesday in the reply to a letter from a People's Armed Police Force unit in Shanghai