China’s missile intercept test near the Indian border is a clear message of deterrence for its neighbour, observers say, as the two sides step up diplomatic talks over their long-running territorial dispute. The test was part of a live-fire exercise involving surface-to-air missile operations on the Karakoram Plateau, state news agency Xinhua reported on August…
China has announced a slew of supportive policies to give its economy a boost. But the past week’s stimulus blitz did not offer fiscal support to China’s discouraged consumers. China needs to spend more on its people and offer incentives for buyer demand to return Thanks for signing up! Access your favorite topics in a…
“Do It,” proclaimed the title of an article posted by Chinese investment bank Citic Securities as it called for investment – including stock trading – in response to Beijing’s dauntless display of determination this week to revive the economy. “The signal is clear, and one phrase says it all – do it,” the broker said…
Southeast Asia is playing an ever-growing part in China’s investment and diplomatic decisions, particularly as Beijing’s rivalry with Washington heats up. In the third of a four-part series on China’s ties with Asean, Orange Wang looks at how Beijing is using infrastructure to forge stronger links with the region. When Vietnam’s new top leader To…
By Humeyra Pamuk, Simon Lewis and David Brunnstrom NEW YORK (Reuters) -U.S. Secretary of State Antony Blinken underscored strong U.S. concerns about China’s support for Russia’s defense industrial base in talks with Chinese Foreign Minister Wang Yi on Friday and said Beijing’s talk of peace in Ukraine “doesn’t add up.” In a meeting with Wang…
(Bloomberg) — Beijing is stepping up pressure on Chinese companies to buy locally produced artificial intelligence chips instead of Nvidia Corp. products, part of the nation’s effort to expand its semiconductor industry and counter US sanctions. Most Read from Bloomberg Chinese regulators have been discouraging companies from purchasing Nvidia’s H20 chips, which are used to…
If any more evidence were needed of a sense of urgency about the revival of China’s economy, it has come from the latest meeting of the Politburo, chaired by President Xi Jinping. The top decision-making gathering waived punishment for bureaucrats and officials who make mistakes in well-intended initiatives to boost the economy through inexperience, inadvertent…
Encounters with the Chinese military in the South China Sea are largely “safe and professional”, and the People’s Liberation Army will only intercept foreign forces in the disputed waters under four specific conditions, an influential Chinese think tank says. The South China Sea Strategic Situation Probing Initiative (SCSPI) on Friday released its report on navigation…
China’s leaders are again seeking to rally risk-averse cadres to the cause of decisive economic action by stressing the need to “get things done” and its tolerance of mistakes in a policy known as the “three exempts”. The Politburo, the ruling Communist Party’s inner circle, signalled the renewed political commitment in a statement after a…
Stocks in Asia extended their gains on Friday as risk appetite across financial markets received a further boost from China’s latest stimulus measures, as well as upbeat US momentum. The Nikkei (^N225) rose 2.3% on the day in Japan, while the Hang Seng (^HSI) jumped 3.1% in Hong Kong. The Shanghai Composite (000001.SS) was 2.9%…