China has started two days of military drills Joint Sword-2024A in the water and airspace around the Taiwan island, according to Chinese state media. Joint Sword-2024A, comes three days after William Lai Ching-te, Taiwan’s new president, took his oath of office. Lai, a member of the Democratic Progressive Party,
Some big Taiwanese companies are considering about opening a second headquarters in another country. They want to ensure resilience if there's an attack from China on Taiwan. These companies produce personal computers, smartphones, servers,telecom networking gear, industrial automation, medical devices and electric vehicles. Some Taiwanese companies are
China has made the decision to discontinue the use of computer chips from American companies such as Intel and AMD in government computers. They are also shifting towards Chinese alternatives, moving away from Windows by Microsoft and foreign-made database programs. This action is a component of a broader strategy to
China's President Xi Jinping is going to visit France in May 2024 to enhance the relationship between the two countries. This visit is important because China tries to improve relations with Europe while being worried about its strong ties with Russia and Xi Jinping's "no
China is facing mounting concerns over deflation as consumer prices plunged in January at their sharpest pace in over 14 years, raising alarms about the nation's economic health and its implications for the global economy. The latest data from the National Bureau of Statistics of China revealed a
Recent data from the US Census Bureau has unveiled a significant milestone in global trade patterns: for the first time in over two decades, imports from Mexico to the United States have exceeded those from China. This shift underscores evolving dynamics in international commerce, driven in part by escalating tensions
The Ministry of State Security in China has issued a stern caution to Chinese students studying abroad, urging them to be vigilant against potential collaboration with foreign intelligence agencies. In a detailed post on its official WeChat account, the ministry emphasized the importance of maintaining a strong defense against falling
Amidst growing public anger over a recent stock market meltdown, China has announced the appointment of Wu Qing as the new chairman and party secretary of the China Securities Regulatory Commission (CSRC). Wu, a banking veteran and former deputy party secretary of Shanghai, replaces Yi Huiman, who has held the
In a recent interview with Fox News, former US President Donald Trump declared his intention to impose additional tariffs on Chinese goods exceeding 60% if he secures victory in the upcoming US election in November. Trump, currently the frontrunner for the Republican party, has consistently criticized China for unfair trade
In a bid to ensure transparency and accountability in the use of public funds amid a crisis in its property market, China has introduced stringent monitoring measures on government-funded projects. Effective this month, Chinese developers who have received at least 30 million yuan ($4.2 million) in government funding are
Chinese automotive giant Geely Holding Group (0175.HK) announced on Saturday the successful launch of 11 low-earth orbit satellites, marking its second venture into space. The initiative aims to bolster precise navigation capabilities for autonomous vehicles as part of Geely's strategic expansion in the automotive technology sector. Launched
Bao Fan, a well-known Chinese tech banker, who went missing a year ago during China's anti-corruption efforts, has officially resigned from China Renaissance, the company he started. The firm made the announcement in a filing to the Hong Kong stock exchange, citing his resignation as due to "
China has demanded that Ukraine promptly remove over a dozen Chinese companies from its list of "international sponsors of war," asserting the need to "eliminate negative impacts." Acconding to Reuters, China's ambassador in Kyiv had cautioned Ukrainian officials about potential harm to bilateral ties
Universal Music Group (UMG) has taken decisive action by removing the music catalogs of prominent artists it represents, such as Taylor Swift, Drake, and Olivia Rodrigo, from TikTok. This move comes in the aftermath of failed negotiations to renew licensing agreements between UMG and TikTok this week. In an open
Myanmar has extradited three notorious Chinese warlords, Bai Suocheng, Wei Chaoren, and Liu Zhengxiang, to Beijing. These figures, who led factions in Laukkaing, near the northeastern border of Myanmar and China, were infamous for orchestrating transnational scams involving the trafficking of thousands of foreign nationals. The extradition occurred via a
China's Ministry of Foreign Affairs has disclosed that British national Ian J Stones was sentenced to five years in prison in 2022 for the "crime of illegally obtaining intelligence for overseas actors." The revelation came during a Ministry of Foreign Affairs briefing on Friday, shedding light
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In a significant development, a Hong Kong court has ruled for the liquidation of China Evergrande, the world's most indebted real estate developer, after its attempts to restructure a staggering $300 billion debt faced failure. The decision comes amid mounting concerns over China's escalating debt crisis.