Citing sources, CNN said Beijing is preparing to transfer shoulder-fired anti-air missile systems known as MANPADs. (AFP pic) WASHINGTON: US intelligence indicates China is preparing to deliver new air defence systems to Iran within the next few weeks, CNN reported late on Friday, citing three people familiar with recent intelligence assessments. The network said there are indications…
China cannot merely chase the technological frontier – it must seize ownership of it, a prominent economist has warned, urging Beijing to accelerate basic research and master core technologies to gain leverage against Washington’s targeted restrictions. “China can no longer play follower. The US won’t let it,” said Wang Yiming, vice-chairman of the China Centre…
The People’s Bank of China reiterated its pledge for a stable yuan while emphasising foreign exchange market resilience. (Wikipedia pic) BEIJING: The yuan slipped against the US dollar today after China’s central bank sent a strong signal through its midpoint fixing, cautioning against a rapid appreciation of the currency which hovered just shy of the…
The Valera vessel, which loaded a shipment from Gazprom PJSC’s Portovaya facility on the Baltic Sea, arrived at the Beihai import terminal in China today. (Gazprom pic) MOSCOW: A Russian liquefied natural gas (LNG) export facility delivered its first shipment to China since being sanctioned by the US in January, the latest sign of increased…
The benchmark Hang Seng index surpassed the 27,000 mark for the first time since July 2021, before edging down 0.18% by midday. (EPA Images pic) HONG KONG: China stocks extended gains to touch another 10-year high today, as domestic artificial intelligence (AI) chip-related developments and a report that local tech giants were banned from buying…
As a nation, China sees itself as a rational, peaceful and stabilising force in an increasingly dangerous and fragmented global order. While such national characteristics may be relative and are mostly in the eyes of the beholder, they seem to be less debatable when compared with the erratic and unpredictable actions and policy flip-flops coming…