Tag: China

China will import over $22 trillion worth of goods over the next decade: Xi Jinping
15Nov mmBy Joe RodriguezNo Comments
Asia, China

China will import over $22 trillion worth of goods over the next decade: Xi Jinping

China is now shifting its focus to expand its imports in order to balance out its inbound and outbound shipments, and internationalize its currency.According to a senior official from a state-affiliated think tank, “China will no longer aim at achieving trade surpluses and solely expanding exports, but will pivot to moderately expanding imports for a balance between inbound and outbound shipments”.“This will not only help China to take the initiative in the new round of economic and trade negotiations, but also help promote the internationalisation of yuan,” said Huang Qifan, vice chairman of the China Center for International Economic Exchanges, during a financial forum.Earlier this month, President Xi Jinping had said that China will import over $22 trillion worth of goods over the next ...
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China holds meet with Pak, Sri Lanka, Nepal, Bangladesh to fight Covid-19
13Nov mmBy Mike TrudellNo Comments
China, World

China holds meet with Pak, Sri Lanka, Nepal, Bangladesh to fight Covid-19

With an aim to fight coronavirus and boost economy, China hosted a high-level virtual meeting with Pakistan, Bangladesh, Nepal and Sri Lanka to build up “political consensus” in all nations.Termed as the “five-parties” meeting by the Chinese foreign ministry in a late-night statement on Thursday; the meet was an expansion of a similar meeting held in July involving Pakistan, Nepal, and Afghanistan, and hosted by foreign minister, Wang Yi.“To jointly defeat Covid-19, protect people’s life, safety and health, and accelerate economic and social recovery and development, China, Bangladesh, Nepal, Pakistan and Sri Lanka convened a vice-ministerial-level video conference on Covid-19 response on November 10,” the Chinese foreign ministry said in a statement on Thursday.“The five parties had in-de...
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Irked by proposed US-Taiwan economic talks, China calls Washington to ‘stop exchange or contacts’ with Taipei
12Nov mmBy Mike TrudellNo Comments
China, World

Irked by proposed US-Taiwan economic talks, China calls Washington to ‘stop exchange or contacts’ with Taipei

China has urged the United States to “stop exchange or contacts” with Taiwan and stop elevating its relationship with Taiwan in any substantive way after Washington and Taipei announced they would hold economic talks this month.Chinese foreign ministry spokesperson Wang Webin while addressing a briefing, urged the US to adhere to the one-China principle.China considers Taiwan as its own territory with no right to form official ties with other countries and has watched with growing alarm as the US stepped up is support for the island.Taiwan is sending a delegation to the US for the inaugural meeting of the US-Taiwan Economic Prosperity Partnership Dialogue later this month. The US side will be led by Undersecretary Keith Krach, who visited Taiwan in September.“China consistently opposes off...
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China’s covert op Fox Hunt is targeting Canada’s Chinese community: Canadian Intelligence
12Nov mmBy Mike TrudellNo Comments
China, World

China’s covert op Fox Hunt is targeting Canada’s Chinese community: Canadian Intelligence

Canada’s Security Intelligence Service (CSIS) on Wednesday said that covert “anti-corruption” operation named Fox Hunt is attacking members of the Chinese community in Canada to curb dissent among its diaspora.“Certain foreign states routinely attempt to threaten and intimidate individuals around the world through various state entities and non-state proxies. These states, such as the People’s Republic of China, may use a combination of their intelligence and security services as well as trusted agents to assist them in conducting various forms of threat activities,” said (CSIS) spokesperson John Townsend.This announcement came in less than a month following the US Justice Department charged eight individuals who allegedly participated in the same covert Chinese operation in the United Sta...
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China challenging Vietnam dominance in Cambodia, Laos through BRI projects: Analyst
3Nov mmBy Mike TrudellNo Comments
China, World

China challenging Vietnam dominance in Cambodia, Laos through BRI projects: Analyst

Defense analyst Derek Grossman has said that by leveraging Belt and Road Initiative (BRI) projects, China has increasingly challenged Vietnam’s dominance in Cambodia and Laos, and that Vietnam will have to find alternative means of engaging its neighbors to combat Chinese influence.In an opinion article, Grossman stated that China’s strengthening ties to Cambodia and Laos in recent years have real effects on Vietnam. “For example, Chinese support has likely contributed to Cambodian and Laotian decisions not to fully support Vietnam’s stance on ASEAN’s Code of Conduct negotiations in the South China Sea.”“China has increasingly challenged Vietnam’s dominance in Cambodia and Laos, primarily by leveraging Belt and Road Initiative (BRI) projects to raise its influence in the region. Outspent b...
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Amid worsening ties, China expected to sanction Australian copper, sugar
3Nov mmBy Mike TrudellNo Comments
Asia, China, Market, World

Amid worsening ties, China expected to sanction Australian copper, sugar

As relations between China and Australia continue to get worse on a range of issues, importers across Beijing are expected to brace for a round of sanctions on copper ore and copper concentrate as well as sugar this week.The General Administration of Customs of China (GACC) has issued a notice to exporters claiming that it had found a pest in imported log timber from Queensland and has banned all log exports from the Australian state. It further claimed that it had found contamination in barley shipments from Australian grain exporter Emerald Grain as well.As per repots, bans on copper ore and copper concentrate, as well as sugar, are expected to be introduced this week.In September, China suspended barley imports from Australia’s largest grain exporter, CBH Group, after also detecting pes...
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China lobbying to obtain French nuclear technology for ‘debt-trap diplomacy’: Report
2Nov mmBy Mike TrudellNo Comments
China, World

China lobbying to obtain French nuclear technology for ‘debt-trap diplomacy’: Report

A US-based news organization has claimed that China has intensified lobbying and "backchannel negotiation" in its attempts to obtain billions of dollars of nuclear technology, which it can use as a new tool in its "debt-trap diplomacy"Under the "guise of ameliorating Franco-Sino bilateral relations", the Chinese government has recently intensified lobbying campaign targeting important French politicians in an increasingly "frenetic bid to obtain billions of dollars of nuclear technology", which intelligence sources fear Beijing will use to expand its global influence.Senior intelligence sources said Beijing was currently "lobbying hard" in order to secure a future visit by French President Emmanuel Macron in the recent future.China is seeking to "rekindle a 10-billion euro deal" between Ch...
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ETNAM appreciates US Senate for introducing resolution that calls atrocities on Uyghurs as genocide
31Oct mmBy Mike TrudellNo Comments
China, World

ETNAM appreciates US Senate for introducing resolution that calls atrocities on Uyghurs as genocide

East Turkistan National Awakening Movement (ETNAM) has lauded the US Senate for introducing a resolution that recognizes China's atrocities against Uyghurs as a genocide."US Senators Robert Menendez, Ranking Member of the Senate Foreign Relations Committee, and John Cornyn introduced a bipartisan resolution to designate human rights abuses perpetrated by the People's Republic of China against the Uyghur people and other Turkic peoples in Occupied East Turkistan as a genocide," the ETNAM said in a statement.As per the statement, Menendez and Cornyn were joined by Senators James Risch, Marco Rubio, Ben Cardin, and Jeff Merkley."The resolution would hold China accountable under the 1948 United Nations Convention on the Prevention and Punishment of the Crime of Genocide and begin the process t...
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Alibaba servers in India are stealing data of Indian users: Reports
29Oct mmBy Joe RodriguezNo Comments
Asia, China, USA

Alibaba servers in India are stealing data of Indian users: Reports

As many as 72 servers, which are based in India, are allegedly sending data of Indian users to China and at the center of this are cloud data servers of Chinese technology group, Alibaba, top intelligence sources have said.According to the officials, Alibaba’s cloud data servers are widely popular among businesses because they offer services at a far cheaper rate than European servers.However, they are seemingly responsible for “data stealing” from India, and have been allegedly found to be sending over data to China, a claim, the e-commerce giant has denied.According to sources, almost 72 data servers operated by Alibaba in India have been identified as sending data of Indian users to China.This is allegedly a systematic plan that has been organized by Chinese authorities, and works by fl...
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China’s launch of new satellite fails
27Oct mmBy Joe RodriguezNo Comments
Asia, China

China’s launch of new satellite fails

As per reports, a Chinese satellite failed to enter the orbit due to reasons unknown.The optical remote-sensing satellite Jilin-1 Gaofen 02C, which was launched aboard the Kuaizhou-1A carrier rocket from the Jiuquan Satellite Launch Center in northwest China failed to enter the preset orbit.Amateur footage of the apparent launch appeared on Chinese social media shortly after.The launch center said that some abnormal performance was identified during the rocket's flight.Chinese launches to low-Earth and Sun-synchronous orbits are usually confirmed successful within an hour of liftoff. State media provided official confirmation of the failure (Chinese) five hours after launch.The launcher was carrying the Jilin-1 Gaofen (‘high resolution’) 02C optical Earth observation satellite. The satelli...
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