China News
China’s National Development and Reform Commission plans to set up a state-backed venture capital fund focused on robotics, AI and cutting-edge innovation. The long-term fund is expected to attract nearly 1 trillion yuan (approximately $140 billion) in capital from local governments and the private sector over 20 years. This initiative aims to continue China’s technology-driven…
China’s finance ministry said on Tuesday the next president of the Asian Infrastructure Investment Bank would be Zou Jiayi, a former Chinese vice finance minister who is expected to lead efforts to expand the lender’s presence in major global financial centres. Source link
An India-born engineer, Noshir Sheriarji Gowadia, who played a key role in developing the stealth propulsion system of the B-2 Spirit bombers, deployed by the US in Operation Midnight Hammer against Iran, was later sentenced to 32 years in prison for leaking classified military data to China, which it used to develop a stealth exhaust…
To assess the available strategies, it helps to distinguish between ‘Business class’, ‘Economy class’, and ‘Cargo hold’ positions, as outlined in the above chart. Those in business class, with strategic technologies that are much more advanced than local options, tend to get generous inducements to invest, from 100 percent foreign ownership deals to easier access…
The number of students enrolled in Japanese schools in China declined over 10 percent in the academic year starting April from a year earlier, as Tuesday marked the first anniversary of a knife attack near Shanghai in which Japanese nationals were injured. According to data compiled by Tokyo-based Japan Overseas Educational Services and others, the…
HONG KONG (Reuters) -China said on Tuesday that consumers should “rationally resist bad content” of extreme eating shows, which have boomed online, because they cause “heartbreaking” food waste and spread “unhealthy” ideas about food. Extreme eating shows in China have included people eating as many … Source link
BEIJING — China plans to hold a military parade Sept. 3 marking the 80th anniversary of Japan’s World War II surrender and featuring the People’s Liberation Army’s newest weaponry. President and head of the military Xi Jinping will deliver a speech on the occasion, which will feature “new-type combat capabilities,” including hypersonic weapons and a…
U.S. cafe chain Starbucks said it is not currently considering a full sale of its China operations, after Chinese financial magazine Caixin reported that it was, without disclosing where it obtained the information. Starbucks has held preliminary talks with more than a dozen potential buyers, Caixin also reported on Monday, citing sources who did not…
National Security Advisor Ajit Doval held a meeting with Chinese Foreign Minister Wang Yi in Beijing on Tuesday and reviewed recent developments in India-China relations and underscored the need to promote the overall development of the bilateral ties, including by fostering greater people-to-people ties. During the meeting on Monday, NSA Doval emphasised the need to…
China harshly condemned Taiwanese President Lai Ching-te for a speech aimed at rallying the democracy’s 23 million people to stand up to its larger neighbor — a back-and-forth that illustrates a deepening cross-strait divide. Lai was “wantonly spreading separatist remarks about ‘Taiwan independence,’” the People’s Daily said in a commentary on Tuesday, adding the address…