China Financial News

foreign policy, asserting that Dhaka intends to maintain «smooth and positive» relations with all, including India and China. «Our policy is to maintain good relations with all countries while protecting our national interests,» interim government's Foreign Affairs Adviser Md Touhid Hossain said during his first press briefing at the foreign ministry. Hossain, whose position is equivalent to a minister, said it is meaningless to assume that this interim government is focused solely on any particular direction. «We intend to maintain smooth and positive relations with all… including India and China,» said Hossain, who previously served as a deputy high commissioner to India.

China as both a competitor and an adversary, Republican vice presidential nominee Senator J D Vance said on Sunday that his party wants to establish a robust international framework where the US can «check» Beijing. «I think they're both, right, and I think that what we want to do here is build the kind of international order where we can check China,» Vance told CBS in an interview when asked if he views Beijing as a competitor or an adversary. «We don't want to go to war with China, but certainly they're an adversary...for example, the Chinese know that they're manufacturing tons of fentanyl, they're letting them come into our country. (Vice president and Democratic presidential candidate) Kamala Harris has done nothing about this,» Vance said in «Face the Nation» programme. He said Harris should apply diplomatic and economic leverage on the Chinese to stop manufacturing fentanyl, which is smuggled into the Mexican drug cartels and subsequently shipped into the US.

The United States is speeding up efforts to license and build a new generation of nuclear reactors to supply carbon-free electricity

The Chinese government has filed a complaint with the World Trade Organization over European Union tariffs on electric vehicles made in China

China's state media and authorities say a powerful explosion set off a fireball on a container ship loaded with hazardous goods at a major port on China’s Pacific coast

Auto sales in China faltered in July, falling 5% from a year earlier, although exports jumped about 20% from a year earlier as makers of electric vehicles expanded into global markets

The U.S. Navy is struggling to build affordable warships needed to face expanding threats around the world

business cycle is turning at a sickening speed and another one already seems to be on its way. If you are like most people, your memory of downturns will be dominated by the past two—the financial heart attack in 2007-09 and the pandemic-induced collapse in 2020. Both were severe and highly unusual.

Maldivian Democratic Party has welcomed the recalibration of the India policy by President Mohammad Muizzu-led government and said that the Maldives is confident that India will always be the first to assist it in times of emergency. Abdulla Shahid, the president of the Maldivian Democratic Party, made the remarks after he met External Affairs Minister S Jaishankar here on Saturday. Jaishankar is on a three-day official visit to Maldives to reset the bilateral relationship, the first high-level trip from India after the archipelago nation's pro-China President Muizzu assumed office last year. «Great pleasure to warmly welcome and meet Indian External Affairs Minister @DrSJaishankar to the Maldives with my colleagues from @MDPSecretariat,» Shahid, the former foreign minister, said in a statement posted on 'X' late Saturday night.

Marcos Jr on Sunday condemned Chinese air force actions in waters of the South China Sea claimed by both countries, calling the actions «unjustified, illegal and reckless». Manila and Beijing accused each other on Saturday of disrupting their militaries' operations around the Scarborough Shoal in the first incident since Marcos took office in 2022 in which the Philippines has complained of dangerous actions by Chinese aircraft, as opposed to navy or coast guard vessels. The Philippine military on Saturday condemned «dangerous and provocative actions» when two Chinese aircraft dropped flares in the path of a Philippine aircraft during a routine patrol around the shoal on Thursday.

China won the women's team event in table tennis at the Paris Games on Saturday for the country's 300th gold medal in Olympic history. China beat Japan 3-0 in the final for its fifth consecutive gold in the women's team event, a feat that the men had also achieved on Friday. «Each of us went all out today and played every position well,» No. 1-ranked Sun Yingsha said. South Korea took the bronze with a 3-0 win over Germany, its first medal in the team event since the Beijing Games in 2008.

SAINT-QUENTIN-EN-YVELINES, France – Canada’s Brooke Henderson stood by the side of the 14th green at Le Golf National on Saturday and practised her putting motion several times before walking to the next hole.She never did regain her touch on the greens after a 67 a day earlier gave her an outside shot at a medal.Henderson threatened midway through the final round after reeling off three straight birdies, but her putter didn’t co-operate when she needed it.“I gave myself a lot of good opportunities,” Henderson said. “I feel like if I had made two or three different putts throughout the round then I feel like the momentum would have been more in my favour.“It might be a different story standing here.

hobbit” humans on the Indonesian island of Flores, a new team has found fossils that are even smaller and even more ancient.The original hobbit fossils — named after the fictional race in The Lord of the Rings — date back to between 60,000 and 100,000 years ago. The species was dubbed Homo floresiensis, referring to the island of Flores where they were found, and scientists estimate they stood about 3.5 feet tall.

India's former external affairs minister K Natwar Singh passed away late Saturday in Gurugram at the age of 93 after a prolonged illness. Singh, Congress veteran, was born in Bharatpur, Rajasthan in 1931. He was awarded the Padma Bhushan in 1984. Singh, who was the foreign minister in UPA-I and also served as India's Ambassador to Pakistan besides holding other senior diplomatic positions. Singh worked in former Indian Prime Minister Indira Gandhi's office from 1966 to 1971 as a civil services officer before joining the Congress in the 80s and becoming a minister in the Rajiv Gandhi Cabinet.

Rush Doshi, a key architect of US President Joe Biden’s China policy, served in the National Security Council in 2021-24. Author of an acclaimed book, The Long Game: China’s Grand Strategy to Displace American Order, he speaks to Seema Sirohi on the US, India and China. Edited excerpts: How do you view the India-China border situation? What would US do if there was another Galwan-type situation? First, the Biden Administration has repeatedly noted the need for China to refrain from aggressive activity around the Line of Actual Control. Second, the US is not only more public about the border dispute but even includes it alongside the South and East China Seas, Taiwan Strait, as examples of provocative Chinese activity.

2024 Paris Olympics? With 33 gold medals each, the US and China are tied for the topmost position on the medla taly. Only two days are left before the curtain falls on the game and the players vow to meet again after four years. However, both the US and China have opportunities to win many gold medals so all eyes will remain on the players of these two teams.

It's an open secret that vendors are offering one of the world's most sought-after technologies: the microchips that create artificial intelligence, which the United States is battling to keep out of Chinese hands. One vendor said he could order the chips for delivery in two weeks. Another said companies came to the market ordering 200 or 300 chips from him at a time. A third business owner said he recently shipped a big batch of servers with more than 2,000 of the most advanced chips made by Nvidia, the U.S. tech company, from Hong Kong to mainland China. As evidence, he showed photos and a message with his supplier arranging the April delivery for $103 million.

Paris 2024 Olympics, India's Reetika Hooda faced off against the top-seeded Aiperi Medet Kyzy of Kyrgyzstan in the women’s 76kg freestyle wrestling event. The match ended in a narrow defeat for Hooda, with the score tied at 1-1. However, Medet Kyzy advanced due to scoring the last equalizing point, as per wrestling rules.

tourism sector has the potential to resolve 50 per cent of the country's employment challenges with the right government support, Lemon Tree Hotels Chairman and Managing Director Patanjali Govind Keswani said on Saturday. Delivering his address at the first National Conclave on India 2047, organised by IIM Calcutta, he said India's tourism sector is on the verge of hitting the inflexion point. Keswani pointed out that several countries have seen that the tourism sector contributes as much as 15-20 per cent to their GDP and account for 25 per cent of employment. Expressing disappointment over the government's approach towards the tourism sector, he said, «In India, tourism contributes only 6.5 per cent to GDP and a similar share in employment. This sector holds enormous potential for creating jobs.»

India-Maldives ties for the benefit of the people in the two countries and the region. Jaishankar is on a three-day official visit to Maldives to reset the bilateral relationship, the first high-level trip from India after the archipelago nation's pro-China president Muizzu assumed office last year. «Privileged to call on President Dr Mohamed Muizzu. Conveyed greetings of PM @NarendraModi. Committed to deepening India-Maldives ties for the benefit of our people and the region,» Jaishankar posted on X along with a photograph of the meeting. Meanwhile, in a post on X, Muizzu said it was a pleasure to meet Jaishankar and join him in the official handover of water and sewerage projects in 28 islands of the Maldives.

Congress on Saturday hit out at the Centre over the issue of trade deficit with China and said that while other countries around the world had taken measures to restrict uncontrolled Chinese imports, «our government has been caught napping at the wheels». Congress general secretary in-charge communications Jairam Ramesh said the data revealed by the government in the Rajya Sabha shows that India's trade deficit with China has surged by about 16% over the last two years from USD 73,306.2 million in FY22 to USD 85,079.03 million in FY24. «Governments across the world are taking note of China's industrial overcapacity and its dumping of goods overseas. However, unlike most governments that have taken proactive measures to restrict uncontrolled Chinese imports, our government has been caught napping at the wheels,» Ramesh said in a post on X. «Our domestic industries are being decimated and shutting down, unable to compete with the onslaught of cheap Chinese goods,» the Congress general secretary said.