China Archives - Page 47 of 63

China bails out Pakistan to pay Saudi debt again

13Dec

By Mike TrudellNo Comments

China, Singapore, World

China bails out Pakistan to pay Saudi debt again

Pakistan is saved yet again as China has agrees to immediately provide $1.5 billion financing line to Islamabad to repay the $2 billion Saudi Arabia debt.Now, out of $2 billion, Pakistan is set to return the $1 billion on Monday, said sources in the finance ministry and the State Bank of Pakistan (SBP). “The remaining $1 billion is due in January,” they added.“However, this time, China has not given the loan from its State Administration of Foreign Exchange, commonly known as SAFE deposits, nor has it extended a commercial loan,” said the sources.Instead, both the countries have agreed to augment the size of a 2011 bilateral Currency-Swap Agreement (CSA) by an additional 10 billion Chinse Yuan or around $1.5 billion, the sources said. This has increased the size of the overall trade facili...

Pakistan, China Began Joint Air Exercise Shaheen (Eagle)-IX in Sindh

10Dec

By Joe RodriguezNo Comments

Asia, China, Singapore

Pakistan, China Began Joint Air Exercise Shaheen (Eagle)-IX in Sindh

With an aim to deepen practical cooperation and improve the actual-combat training level, the air forces of Pakistan and China on Wednesday commenced a joint exercise "Shaheen (Eagle)-IX" at an operational air base of the Pakistan Air Force (PAF) in Sindh province.“A contingent of the People's Liberation Army Air Force (PLAAF), comprising combat pilots, air defence controllers and technical ground crew, participated in the exercise,” the PAF said in a statement.The opening ceremony of the exercise was jointly witnessed by Deputy Chief of Air Staff (Operations) Air Vice Marshal Waqas Ahmed Sulehri and Assistant Chief of Staff, PLAAF, Major General Sun Hong, it said."The joint exercise will improve the actual level of combat training and strengthen practical cooperation between the two air f...

Chinese embassy in US retweets Trump’s election fraud claim, blames hackers

10Dec

By Mike TrudellNo Comments

China, Singapore, World

Chinese embassy in US retweets Trump’s election fraud claim, blames hackers

In a major blunder, the Chinese embassy in the US retweeted President Donald Trump's tweet, in which he accused the Democrats of cheating in the presidential election. However, later the embassy said that its official Twitter account was hacked.Taking to Twitter, Trump wrote, "If somebody cheated in the Election, which the Democrats did, why wouldn't the Election be immediately overturned? How can a Country be run like this?"The post carrying a Twitter warning that the claim of election fraud is "disputed" was retweeted by the official account for the Chinese government's presence in the US.The embassy then tweeted saying: "The Chinese Embassy twitter account was hacked this afternoon and we condemn such an act. For clarification, the Embassy didn’t do any retweeting on Dec.9."This comes d...

What you need to know about the latest travel restrictions for Japan

10Dec

By Desk TeamNo Comments

China, Singapore, World

What you need to know about the latest travel restrictions for Japan

As the world continues to battle the COVID-19 pandemic, Japan is cautiously relaxing its strict border control policy to start allowing more foreign nationals to enter the country. With the latest revision to its travel restrictions, which came into effect earlier in November, the government has changed some procedures for new arrivals from abroad. While preparing for next year’s Tokyo Olympics and Paralympics, authorities are also working toward easing the restrictions further for visitors planning to attend the sporting extravaganza. The government has implemented separate sets of rules for travelers from regions placed at Level 3, the second-highest under the nation’s travel advisory system and under which all travel is warned against, while exempting from mandatory testing those from...

Despite hopeful signs, Tokyo and Seoul miles apart on wartime labor

10Dec

By Desk TeamNo Comments

Asia, China, Singapore, World

Despite hopeful signs, Tokyo and Seoul miles apart on wartime labor

Over the past few weeks South Korea has dispatched high-ranking government officials and lawmakers to Japan, seeking a breakthrough in a bilateral relationship characterized by some to be in its worst state since 1965 when diplomatic relations were normalized. South Korea and especially President Moon Jae-in seem eager to patch up the fractured relations, seizing changes in leadership in Japan and the United States and a summit scheduled to be hosted by Seoul as a golden opportunity to score diplomatic points and boost popularity. But Japan has remained unmoved by South Korea’s passionate overtures, with the issue of compensation over wartime labor being a sticking point between them. The two sides have been at a stalemate for years over court proceedings to seize and liquidate Japanese...

China a ‘principal military, economic threat’ in Asia: US Commerce Secretary

9Dec

By Mike TrudellNo Comments

Asia, China, Market, Singapore, World

China a ‘principal military, economic threat’ in Asia: US Commerce Secretary

China continues to be both the largest potential market and the principal military and economic threat in the Asian region, US Secretary of Commerce Wilbur Ross said on Tuesday.Speaking at the Milken Institute Asia Summit, Ross said: “China accounts for 210 out of 539 anti-dumping and countervailing duty orders imposed by the U.S. In addition, China makes up a “good portion” of the U.S. entity list that restricts companies’ access to American suppliers for national security reasons, he said.Anti-dumping and countervailing duties are slapped on products suspected of being sold at an unfairly low price. Chinese firms that have been put on the entity list include telecommunications giant Huawei.Commenting on the recently signed between China and 14 other Asia-Pacific Countries, Ross said that...

NATO must devote more time, action to counter security challenges posed by China: Report

7Dec

By Mike TrudellNo Comments

China, Singapore, World

NATO must devote more time, action to counter security challenges posed by China: Report

North Atlantic Treaty Organisation (NATO) in its latest report titled 'NATO 2030 - United for a New Era report' has said that it must devote more time, political resources, and action to counter the security challenges posed by China.The report has also recommended a special unit within the Joint Intelligence and Security Division (JISD) to monitor Russia-China cooperation impacting Euro-Atlantic security.The internal political differences are "dangerous" as they help the "external actors, and in particular Russia and China, to exploit intra-Alliance differences and take advantage of individual Allies in ways that endanger their collective interests and security", the report stated."This includes actions that are directly relevant to NATO's traditional geographic and functional mission but...

Commentary: After years of demonising China, the US has to start an honest dialogue

1Dec

By Desk TeamNo Comments

Asia, China, World

Commentary: After years of demonising China, the US has to start an honest dialogue

Biden’s presidency offers a chance to change the tone and approach in dealing with China, which will not be cowed by threats, say two observers. HONG KONG: Americans don’t agree on much of anything nowadays. Yet they are largely united in their belief that China represents an existential challenge to their country and the international order it has long led. This combination of internal division and external demonisation has made the Sino-American rivalry increasingly inescapable – and potentially catastrophic. America’s internal divisions have been fueled in recent years by social media, which, by populating users’ feeds with tailored content, creates “echo chambers” that reinforce, rather than challenge, their beliefs and values. When alternative ideas do make it into the echo ch...

US imposes sanctions on Russian, Chinese firms for supporting Iran missile programme

28Nov

By Mike TrudellNo Comments

China, World

US imposes sanctions on Russian, Chinese firms for supporting Iran missile programme

United States Secretary of State Mike Pompeo on Friday said that the country has imposed sanctions on four companies from China and Russia for supporting Iran’s missile programme that remains a “significant proliferation concern”.“The US has sanctioned four entities in China and Russia for their support of Iran’s missile programme, which remains a significant proliferation concern. We will continue to use all our sanctions tools to prevent Iran from advancing its missile capabilities,” Pompeo said.The companies are Chengdu Best New Materials Co Ltd and Zibo Elim Trade Co, Ltd. in China and Nilco Group, which is also known as Nil Fam Khazar Company and Santers Holding and Joint Stock Company Elecon in Russia for transferring sensitive technology and items to Iran’s missile programme.In 2018...

Despite growing tensions, China buying computer chips from Taiwan firms

27Nov

By Walter ParezNo Comments

Asia, China, Market, World

Despite growing tensions, China buying computer chips from Taiwan firms

Despite growing tensions between Taiwan and China, Chinese technology companies have increased orders for computer chips or semiconductors made in Taiwan.According to media reports, Taiwan has reported a six per cent jump in export from July through September this year.Alicia Garcia Herrero, chief Asia-Pacific economist with the French investment bank Natixis said, “They (Chinese firms) know they’re not yet able to produce at least the highest-end semiconductors needed for 5G.”She added that Taiwan makes top-level semiconductors and is unlikely to give up as a leader in the field. Taiwan factories produce some of the world’s top computer chips. But during the past four years, it has pushed companies to depend less on the Chinese market.The two countries have been locked in a political disp...