Home Tag "china"

China has long undermined India’s manufacturing and IT sectors

The year 2020 will go down in history as one where lives were changed by the Chinese-origin COVID-19 virus. This is also the year the world at large and India reset their relations with China because of its actions. For decades, China has grown and profited from the world, with little or no scrutiny. It has supported states with […]

The world’s top liquor brand is now also mainland China’s biggest public company

The world’s most valuable liquor company has just claimed another first. Kweichow Moutai, the Chinese company known for making the popular national spirit, baijiu,is now thebiggest public company in mainland China… To read more: https://edition.cnn.com/2020/06/24/investing/kweichow-moutai-stock-intl-hnk/index.html SOURCE: CNN (2)

India suspends three China business deals as border tensions rise

Authorities in India are hitting pause on more than $600 million in deals with Chinese companies in the wake of a deadly border clash with China. Officials in the western Indian state of Maharashtra said Monday that they were reviewing agreements with three Chinese companies as they seek clarity from the Indian government on how or whether […]

China’s industrial engine revved strongly in May, but consumption weak as slow recovery continues

China reported strong growth in its industrial engine for the month of May, as the economy continued to slowly recover from the effects of the coronavirus pandemic, data released on Monday showed.In May, China’s industrial production, a gauge of manufacturing, mining and utilities sector activity, grew by 4.4… To read more: https://www.scmp.com/economy/china-economy/article/3089036/coronavirus-chinas-industrial-engine-revved-strongly-may SOURCE: SCMP (2)

China to build 600k 5G base stations in 2020

China is expected to build more than 600,000 5G base stations by the end of the year, and the shipment of 5G smartphones will reach 180 million units, said an official with the country’s top information technology watchdog on Saturday. As 5G are going mainstream in China, the country embarks on a 10-year long march […]

China-India border dispute fuelled by rise in nationalism on both sides, observers say

fresh dispute with India over their long border in the desolate mountains of the Himalayas has created a new dilemma for China to go with its intensifying rivalry with the United States and international backlash against its handling of the coronavirus pandemic. Beijing risks pushing New Delhi further into the American camp, analysts have warned, if […]

With an ailing domestic economy, can China still pursue its global plans?

What next in Beijing’s master plan for China’s global advancement? Anyone looking for details would have struggled to find them last week at the press conference held by Li Keqiang, with the Chinese premier much more focused on the ruling party’s perils on the home front.  The “wolf warrior” diplomacy, the world of blustering threats that Beijing has […]

China’s industrial profits drop 4.3% in April, slower pace than March

Profits of China’s industrial firms above designated scale contracted in April but at a slower pace than last month, with more than half of the sectors seeing growth, suggesting domestic production is being gradually resumed amid the COVID-19 pandemic. China’s industrial firms earned 478.14 billion yuan ($66.95 billion) in April, down 4.3 percent on a […]

China stocks up food and oil supplies as coronavirus spurs fears about shortages

China has been building up its food and energy stockpile this year, taking advantage of slumping crude oil prices even before the coronavirus pandemic disrupted supplies. The world’s second largest economy, which has limited arable land, is facing pressure to shore up its food supplies as prices for food started ticking higher last year, prior to the virus outbreak. To […]

What does the US-China rift mean for the world?

Pic courtesy of Russia Today The rhetoric between the world’s two largest political powers — the United States (US) and China — has heated up. The trend began several years ago, during Barack Obama’s presidency. But it grew under Donald Trump’s tenure, and intensified following in the wake of the coronavirus pandemic. Chinese diplomats have […]

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