China

Why France is a welcome security partner for Japan
Asia, China, Market, USA, World

Why France is a welcome security partner for Japan

This past week, French forces joined the Japan Self-Defense Force, Australian Defence Force and U.S. military for a multilateral amphibious exercise in Camp Ainoura, Sasebo. This marks the first time French ground forces have trained on Japanese soil in the postwar era. This training comes on the heels of two French naval vessels that made port in Kochi last month, en route to a joint maritime exercise with members of the so-called “Quad” (Australia, India, Japan and the United States). These activities are representative of the steps Japan is taking to diversify its portfolio of security partners, but many outside observers may now be asking the blunt but obvious question: Why France? Certainly, partnering with countries such as Australia and India makes sense given the centrality of J...
G7 calls for peace across Taiwan Strait and backs Tokyo Olympics
China, World

G7 calls for peace across Taiwan Strait and backs Tokyo Olympics

Leaders of the Group of Seven industrialized nations on Sunday called for peace and stability across the Taiwan Strait and urged China to respect human rights in the Xinjiang region and freedom in Hong Kong, a pronouncement that is certain to anger China. In a communique issued after their three-day summit in Cornwall, southwestern England, the leaders expressed support for the Tokyo Olympics and Paralympics starting next month in a boost to Prime Minister Yoshihide Suga, who faces a public skeptical about Japan’s hosting of the events amid the coronavirus pandemic. “We underscore the importance of peace and stability across the Taiwan Strait, and encourage the peaceful resolution of cross-Strait issues,” the communique said, making it the first time that the G7 has referred to the Taiwa...
Returning Singaporeans, PRs will need to test negative for COVID-19 within 72 hours before departure
Asia, China, World

Returning Singaporeans, PRs will need to test negative for COVID-19 within 72 hours before departure

SINGAPORE: Singaporeans and permanent residents will soon be required to present a valid negative COVID-19 polymerase chain reaction (PCR) test taken within 72 hours before they depart for Singapore, said the Ministry of Health (MOH) on Wednesday (May 26). From 11.59pm on May 29, all Singaporeans and permanent residents, except those who have stayed in lower-risk countries and regions in the last 21 days before departure to Singapore, will have to present the negative test result. Only then will they be allowed to board their flight or ferry to Singapore, said MOH. The lower-risk countries and regions are Australia, Brunei, mainland China, New Zealand, Hong Kong and Macau. "All travellers will also be required to present their valid COVID-19 PCR test result at the air, sea and l...
China’s exports up 28%, imports hit decade-high
Asia, China, Market, World

China’s exports up 28%, imports hit decade-high

BEIJING: China's exports rose 27.9 per cent in May while imports grew at the fastest pace in more than a decade as the global economy powers back from the COVID-19 crisis, official data showed on Monday (Jun 7). Demand for China's goods has bounced after economically painful lockdowns last year due to the pandemic, and as vaccines are rolled out across much of the world. The figures are also boosted by last year's low base of comparison when the coronavirus was spreading rapidly. Exports from the world's second-largest economy posted strong growth but came in lower than expectations of 32 per cent. "To be honest, that is a cracking number by anybody's standard and shows that global demand remains robust," said OANDA's Jeffrey Halley. In May, import growth hit its highest rate sinc...
Searches for crypto exchanges currently blocked in China
Asia, China, Market

Searches for crypto exchanges currently blocked in China

The Chinese government has possibly censored the internt as users are unable to search for popular crypto exchanges.Keywords searches for online trading platforms including Binance, OKEx and Huobi on popular internet services such as Baidu, Sogo, Zhihu, or Weibo are yielding no results. Other media outlets including CoinDesk first reported the possible blockage.The Chinese government has recently renewed a regulatory crackdown on crypto mining and trading, helping send Bitcoin down about 45% since its peak in April.The exchanges that appear to be impacted are some of the largest in the digital-asset world, with Asia-based users being among the earliest adopters. Binance is the world’s biggest crypto platform, with $30 billion in trading volume in the last 24 hours, according to CoinMarket...
Commentary: Sinovac use sparks new spat in politically split Thailand
China, World

Commentary: Sinovac use sparks new spat in politically split Thailand

Widespread distrust of the Prayut government is aggravating Sinovac hesitancy in the country, says an analyst. BANGKOK: Thailand is suffering through the third – and the most serious – wave of COVID-19 infections that has surged since early April. As of May 27, the total infections since Apr 1 topped 112,354, with 785 related deaths. The more virulent variants first identified in India and South Africa have been detected, prompting the Prayut Chan-o-cha government to speed up the vaccine rollout. AstraZeneca and Sinovac are the two vaccines currently in use. The government has secured about 117,000 imported AstraZeneca shots, with another 61 million shots in local production. The first batch of these – about 1.7 million doses – will be distributed by June. Up to 6 million Sinovac d...
China touts success building a Tibet less focused on religion
Asia, China, USA, World

China touts success building a Tibet less focused on religion

China’s top leader in Tibet lauded the progress his country has made developing the region, touting an ethnic-assimilation campaign that has fueled international accusations of human rights abuses. “More and more believers have been trained from pursuing a good afterlife to living a good life in this life, and religion has been increasingly compatible with a socialist society,” Wu Yingjie, the Communist Party chief of Tibet, said at a press briefing in Beijing on Saturday. Wu also listed a wide array of ways the ruling party has transformed the region where most people are Buddhist — from building schools and paved roads to improvements in health care — as China marks the 70th anniversary on Sunday of an agreement giving it control of the region. The event puts a renewed focus on Tibet ...
Battleship diplomacy: Britain’s new aircraft carrier joins NATO, has message for China
China, World

Battleship diplomacy: Britain’s new aircraft carrier joins NATO, has message for China

CASCAIS, Portugal: The maiden voyage of a new British aircraft carrier will seek to show allies that post-Brexit Britain is ready to defend Western interests and eager to see China respect international rules, the vessel's commander said. HMS Queen Elizabeth took part in NATO exercises in the Mediterranean this week, ahead of the eight-month voyage that will cross through the South China Sea in a signal to Beijing that sea lanes must remain open. The carrier is "a hugely powerful statement," Commodore Steve Moorhouse, the ship's commanding officer and captain told Reuters on deck off the Portuguese coast as F-35B fighter jets took off around him. "It shows that we are a global navy and wanting to be back out there," he said. "The aim for us is that this deployment will be part of a...
China’s May new yuan loans seen falling as central bank scales back stimulus
China, World

China’s May new yuan loans seen falling as central bank scales back stimulus

New bank loans in China likely fell in May, a Reuters poll showed, as the central bank gradually scales back pandemic-driven stimulus to reduce debt and financial risks as the economy shows solid signs of recovery. BEIJING: New bank loans in China likely fell in May, a Reuters poll showed, as the central bank gradually scales back pandemic-driven stimulus to reduce debt and financial risks as the economy shows solid signs of recovery. Chinese banks are estimated to have issued 1.41 trillion yuan (US$220.54 billion) in net new yuan loans last month, down from 1.47 trillion yuan in April, according to the median estimate in the survey of 29 economists. That would be lower than 1.48 trillion yuan issued the same month a year earlier, when policymaking was firmly in emergency mode to cu...
Myanmar military tribunal orders 20-year jail terms for torching Chinese-linked factories: Report
China, World

Myanmar military tribunal orders 20-year jail terms for torching Chinese-linked factories: Report

YANGON: A Myanmar military tribunal has sentenced 28 people to 20 years in jail with hard labour for arson attacks on two factories, state media reported, after a string of mainly Chinese-financed factories were torched during unrest in Yangon in March. The army-run Myawady news portal said the offenders had targeted a shoe plant and a garment factory in the industrial Hlaing Tharyar suburb of Myanmar's biggest city. Martial law was imposed in the suburb after the blazes, with dozens killed or wounded when security forces opened fire on anti-military protesters, media and an activist group said. The Chinese embassy in Myanmar said at the time that many Chinese staff were injured and trapped in the arson attacks and called on Myanmar to protect Chinese property and citizens. A t...