Xi Jinping News

Xi Jinping told Maldivian counterpart Mohamed Muizzu that he supported the strategically located archipelago in protecting its "sovereignty", state media reported, after the two countries signed a number of infrastructure and other agreements. Muizzu was elected in September as a proxy for a pro-China predecessor jailed on corruption charges, vowing to cultivate «strong ties» with Beijing.

Maldives President Mohammed Muizzu has proposed to revive the free trade agreement with Beijing, but the move could push Male towards a debt trap. China's current share of Maldives total debt is 37% and there are fears that FTA will further increase debt share, pushing Maldives into a Sri Lanka-type crisis, ET has learnt. The Covid pandemic, notwithstanding India's generous assistance to the island nation, has dented Maldivian economy, according to observers.

Beijing will «never compromise» on the issue of Taiwan and urged them to stop «provocative actions» in the South China Sea, the defence ministry said Wednesday. China «stressed that it will never compromise or back down on the Taiwan issue,» the ministry said in a readout of the talks in Washington, held Monday and Tuesday, urging the United States to «stop arming» the self-ruled island, which is holding elections this week.

India-Maldives row that caused the cancellation of reservations by Indian tourists after a diplomatic row erupted over the derogatory remarks against Prime Minister Narendra Modi. Addressing the Maldives Business Forum in Fujian Province on the second day of his five-day visit to China, Muizzu termed China as the island nation's “closest" ally. “China remains one of our closest allies and development partners." He praised the Belt and Road Initiative (BRI) projects launched by Chinese President Xi Jinping in 2014, saying that they "delivered the most significant infrastructure projects witnessed in Maldivian history", according to his speech.

China and the Maldives will sign several agreements to further bolster their bilateral ties following talks between President Xi Jinping and his Maldivian counterpart Mohamed Muizzu here this week, according to a senior official here. President Xi will host a welcome ceremony and a welcome banquet for President Muizzu during his state visit from January 8-12, the first by the Maldivian leader to a foreign country since he assumed office in November, Chinese foreign ministry spokesperson Wang Wenbin said. The two heads of state will hold talks and attend the signing ceremony of cooperation documents. Premier Li Qiang and Chairman of the Standing Committee of the National People's Congress Zhao Leji will meet with President Muizzu respectively, Wang told reporters here on Friday.

Chinese economy, some migrant workers, labour brokers and shop owners have started moving out of the coastal cities and returning home as jobs in the country's coastal cities face a reduction in job opportunities, the Voice of America (VOA) reported. In its report on Thursday, it said that in China, January is typically a time when many migrant workers begin an annual trip home to celebrate the Lunar New Year. However, this year, the massive exodus from coastal cities to provinces across the country began much earlier.

The Bank of China has marked a significant milestone in the realm of digital currency with the completion of the world's first cross-border Central Bank Digital Currency (CBDC)-powered precious metals deal. On December 20, 2023, the Bank of China's Shanghai branch successfully conducted a 100 million yuan ($14 million) e-CNY CBDC settlement received overseas for gold via the Shanghai Financial Exchange International Board. This historic transaction underlines the growing acceptance and utility of digital currencies in international trade, especially in the precious metals sector.

A survey of factory managers in China shows manufacturing contracted in December in the latest sign the world's second-largest economy remains sluggish

Markets opened the year on a cautious footing as mounting tensions in the Red Sea drove oil prices higher and weak Chinese data weighed on Asian shares. 

Markets opened the year on a cautious footing as mounting tensions in the Red Sea drove oil prices higher and weak Chinese data weighed on Asian shares. 

US President Joe Biden on January 1, Chinese President Xi Jinping emphasized that history has demonstrated the importance of maintaining mutual respect and peaceful coexistence as the correct approach for fostering positive relations between China and the United States, Bloomberg reported. This comes as both nations work towards repairing their strained diplomatic ties.

(Reuters) -New Zealanders were among the first in the world to celebrate the arrival of 2024 with a fireworks display in Auckland on Monday. The fireworks illuminated the cloudy night sky and were accompanied by a laser light and animation show.

Geopolitical pressures and other non-economic factors have put the global economy on a path towards fragmentation. Beyond its inherent risks, this trend will not only have profound implications for economic stability and growth but also could jeopardize efforts to combat climate change. Heightened geopolitical tensions, especially the escalating rivalry between the United States and China, are the primary catalyst of fragmentation.

BEIJING (Reuters) — President Xi Jinping said on Sunday that China will consolidate and enhance the positive trend of its economic recovery in 2024, and sustain long-term economic development with deeper reforms.

2024 with a fireworks display in Auckland on Monday. The fireworks illuminated the cloudy night sky and were accompanied by a laser light and animation show. Here's how some other places and people around the world were bidding farewell to 2023 and welcoming the New Year.

China's «reunification» with Taiwan is inevitable, President Xi Jinping said in his New Year's address on Sunday, striking a stronger tone than he did last year with less than two weeks to go before the Chinese-claimed island elects a new leader. The Jan. 13 presidential and parliamentary elections are happening at a time of fraught relations between Beijing and Taipei. China has been ramping up military pressure to assert its sovereignty claims over democratically governed Taiwan.

China faces a problem familiar to dictatorships throughout history: how to strike a balance between growth-boosting innovation, which thrives in a free society, and the paranoia of an authoritarian state. Its leader, Xi Jinping, wants the country to become a hyper-advanced economy. His government is aggressively promoting the commercialisation of high technologies it likes, from electric vehicles to quantum computing.

It was a tumultuous 2023 for the Chinese economy

BEIJING (Reuters) — Giant Christmas trees adorned with lights, tinsel and gift boxes greet shoppers at glittering malls in big Chinese cities like Shanghai and Chongqing, but in many parts of China, extending season's greetings is out of the question.

virtual meeting with his Chinese counterpart on Thursday, the Pentagon said, in the first such conversation in over a year amid hopes by U.S. officials that it could lead to a broader restoration of ties between the two militaries. The video teleconference followed an agreement between U.S. President Joe Biden and Chinese President Xi Jinping last month to resume military-to-military ties severed by Beijing after then-House of Representatives Speaker Nancy Pelosi visited self-ruled Taiwan in August 2022. U.S.

Chinese President Xi Jinping has warned his US counterpart Joe Biden that Beijing will reunify Taiwan with mainland China but that the timing has not yet been decided, NBC News reported. NBC News is the news division of the American broadcast television network NBC.