China

The massive economic stimulus and boost to clean power from a 1.2 trillion yuan ($167 billion) mega-dam in Tibet has proven alluring enough for Chinese leaders to set aside concerns about potential damage to biodiversity and the impact on relations with India. The massive economic stimulus and boost to clean power from a 1.2 trillion yuan ($167 billion) mega-dam in Tibet has proven alluring enough for Chinese leaders to set aside concerns about potential damage to biodiversity and the impact on relations with India. Chinese Premier Li Qiang launched construction of the hydropower project, which is three times the size of the Three Gorges Dam, on the lower reaches of the Yarlung Tsangpo river on Saturday. He also unveiled the China Yajiang Group, a new company that will manage th...

China expresses strong dissatisfaction and firm opposition to the European Union's inclusion of Chinese companies and financial institutions in its 18th round of sanctions against Russia, a Chinese Commerce Ministry spokesperson said in a statement on Wednesday. Despite China's repeated representations and objections, the EU has persisted in its unilateral actions and sanctioned two Chinese financial institutions on unfounded grounds, according to the statement. China has always opposed unilateral sanctions that lack international legal basis and are not authorized by the UN Security Council, it added. Noting the EU's actions have caused serious negative impacts on China-EU economic and trade relations, the spokesperson said China urges the EU to immediately stop the wro...

The Chinese Ministry of Health has launched a big campaign to save people from the outbreak of Chikungunya fever. Another deadly disease is spreading in China five years after the COVID-19 pandemic. The hospitals in the southern Chinese city of Foshan are reportedly full and can hardly accommodate more patients. Many patients are in hospitals waiting for their turn to receive treatment. Chikungunya is the disease responsible for the increase in patients. The Chinese Ministry of Health has launched a campaign to save people from Chikungunya fever. China's Ministry of Health has launched an emergency campaign to protect people who could contract chikungunya fever. This is significant because Guangdong province has hardly ever seen cases of this illness. Hong Kong, a neighbor, is l...

Beijing says it hopes the US ‘can correct ‘wrong’ practices’ on chip trade following an announcement from Nvidia chief Jensen Huang that would start selling H20 chips to China again China’s Commerce Minister Wang Wentao called for a ‘return to normal’ in trade ties with the United States on Friday amid a likely thawing of a three-year-long chip war with Washington. “We will continue to strengthen dialogue and communication, deepen consensus, reduce misunderstandings, enhance cooperation, to jointly put China-US economic and trade relations back on track to achieve healthy, stable and sustainable development,” Wang told reporters, adding that he wanted ties with the US to return to a stable footing. The “ups and downs” in the relationship between the US and China underscored t...

China is widely expected to leave its benchmark lending rates unchanged at a monthly fixing on Monday, a Reuters survey showed, as signs of economic resilience reduced the urgency for further monetary easing. The loan prime rate (LPR), normally charged to banks' best clients, is calculated each month after 20 designated commercial banks submit proposed rates to the People's Bank of China (PBOC). Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages. The consensus of no immediate monetary easing comes as data this week showed China's second-quarter gross domestic product (GDP) growth nudged slightly above market expectations, even though weak domestic demand and uncertainty around U.S. tariffs have r...

FDI has slumped as businesses are warned to take on burden of protecting their staff if Beijing attacks Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. https://www.ft.com/content/04626778-0753-4fa5-a735-f1a5613b3293 Japanese government officials are telling companies they would be “on their own” if they needed to evacuate staff from Taiwan in case of a Chinese attack, according to people familiar with the matter, a message that has hit one of Taiwan’s l...

Beijing instituted export curbs on seven rare earth elements and magnets that have applications in defence, energy, and car manufacturing sectors in April as a result of US President Donald Trump’s tariff war on Chinese products. Seven of 17 rare earth elements—samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium—come under the ambit of the new restrictions. The new regulations necessitate that companies procure special licences to export the minerals and magnets. As the Chinese state builds a Great Wall of red tape, private firms have been buried under paperwork to obtain compliances. The shortages caused due to the latest controls underscore how dependent the West is on China for critical components in manufacturing electric automobiles, wind-turbine generat...

China's economy has beaten expectations even as US President Donald Trump's tariffs and a prolonged crisis in the property market weigh on growth. Official figures show the world's second largest economy grew by 5.2% in the three months to the end of June, compared to the same time last year. That's better than the 5.1% forecast by many economists but lower than the previous quarter. The country has so far avoided a sharp downturn, partly due to measures announced by Beijing to help support the economy and a fragile trade truce with Washington. The economy "withstood pressure and made steady improvement despite challenges", said China's National Bureau of Statistics in a statement. Officials said economic growth was helped by a 6.4% expansion in manufacturing, with higher ...