Beijing has revealed its largest stimulus package since the pandemic in a bid to shake the world’s second-largest economy out of its current malaise. The measures, announced Tuesday by the People’s Bank of China (PBOC), include lowering the reserve requirement ratio (RRR)—the amount of cash the country’s banks must hold in reserve — effectively making…
It was presented as a bold stimulus to boost China’s ailing economy — but while it excited stock markets in Asia, Western economists were underwhelmed. At a rare press conference in Beijing on Tuesday, the usually gnomic governor of the People’s Bank of China, Pan Gongsheng, unveiled a range of measures designed to “support the…
NEW DELHI: Chinese ambassador to India Xu Feihong said on Wednesday that Xi Jinping and Prime Minister Narendra Modi had reached a consensus that China and India are partners in “cooperation and development” instead of rivals.“President Xi Jinping and Prime Minister Narendra Modi have reached an important consensus that China and India are not rivals…
Chancay is typical of the “first civilian, later military” logic of hundreds of Belt and Road projects around the world, according to the Asia Pacific Policy Institute, a US think tank. “It’s an effort to be subtle and discreet while expanding the People’s Liberation Army’s ability to project power overseas,” Danny Russel, the institute’s vice…
Chinese President Xi Jinping congratulated new Sri Lankan President Anura Kumara Dissanayake, soon after he was sworn into office on Monday, September 23. Popularly known as AKD, Dissanayake is the ninth president of Sri Lanka. The 56-year-old leader of the Marxist Janatha Vimukthi Peramuna (JVP) was sworn in by the country’s Chief Justice Jayantha Jayasuriya…
The strongest tie between the US and China is unraveling. For decades, Wall Street and corporate America have chased the promise of the ascendant Chinese consumer. As regular Chinese households got richer, there was money to be made selling them everything from fried chicken to Fendi. US companies like Starbucks, Apple, and Nike jumped in…
In the QUAD summit, US President Joe Biden was caught on hot mic telling other leaders of the grouping that China was ‘testing’ them, news agency PTI reported. U.S. President Joe Biden, Japan’s Prime Minister Fumio Kishida, Australia’s Prime Minister Anthony Albanese and India’s Prime Minister Narendra Modi arrive for a Cancer Moonshot announcement at…
Published on Sep 21, 2024 06:08 PM IST China’s Ambassador Fu Cong expressed profound shock over the recent violence in Lebanon, highlighting the tragic impact on innocent civilians, including children and mothers. He condemned the attacks as a “gross violation” of sovereignty and international law, describing the disregard for human life as appalling. Watch the…
Hong Kong is seeking to deepen ties with trading partners in Europe, with the city’s finance chief set to make his second post-pandemic trip to London after heading to Madrid for four days. The Post learned that Financial Secretary Paul Chan Mo-po could also meet British officials, months after the country’s Labour Party took office,…
BEIJING: China is ready to work closely with Malaysia, further synergise development strategies and deepen mutually beneficial cooperation. President Xi Jinping has stated that this is aimed at enhancing the benefits for both nations. “China and Malaysia also shared a similar concept with the Prime Minister’s Malaysia Madani concept of a Community of Shared Future…