CHINA
Why Trump and other G7 leaders meeting without China might be a mistake
The G7, a club of wealthy nations, faces questions about excluding China. China's economy now surpasses most G7 members. However, the G7's unwritten rule of only including democracies prevents China's entry. China's global influence makes it a key topic at G7 meetings. Its authoritarian system is seen as a threat to the group's cohesion.
China issues guidelines on financial services data amid broader cybersecurity push
The Cyberspace Administration of China said data would be classified into four levels-core, important, sensitive general and routine general-based on importance, sensitivity and the potential harm from leaks.
Trump and other G7 leaders are meeting without China. Is that a mistake?
The G7, a club of wealthy nations, faces questions about its relevance without China. China's economy now surpasses most G7 members. However, the G7's unwritten rule of admitting only democracies prevents China's inclusion. China's growing global influence makes it a key topic at G7 meetings, even as Beijing views the group with caution.
China opposes US move to list top firms as military companies
China strongly objects to the United States placing prominent Chinese companies on a military firm list. Beijing states this action disregards agreements made during a recent summit between President Trump and President Xi. The U.S. move impacts firms like BYD, Alibaba, and Baidu. China accuses the U.S. of suppressing its enterprises and ignoring bilateral economic interests.
China 'strongly dissatisfied' with Pentagon move against top Chinese tech firms
China is deeply unhappy with the United States placing several major Chinese firms on a Pentagon list. This move impacts top technology and solar companies. Beijing warns of firm retaliation if its companies are not treated fairly. The U.S. ban on contracting with these firms begins in 2027. This action follows a meeting between Presidents Trump and Xi.
India's productivity gap with China widens despite strong GDP growth; manufacturing leap still missing: Report
India's labour productivity gap with China has widened significantly since 2000, despite strong economic growth. The country has yet to achieve an industry-led productivity transformation seen in peers like China and South Korea. Structural constraints, economic disruptions, and the pandemic have hampered progress, with a need for deeper reforms beyond current initiatives.
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China's May loan growth dips on weak demand
Aggregate financing, a broad measure of credit, increased ¥2.03 trillion ($300 billion), according to Bloomberg calculations based on data released by the People's Bank of China on Friday. While that exceeded the median estimate in a Bloomberg survey of economists, it was more than 11% weaker than in the year prior.
SpaceX playbook set to fuel China's IPO ambitions but tech gap persists
In China, the initial public offering was watched as a benchmark for a younger industry eager to go public. But the frenzy masks a fundamental gap, with firms going public ahead of meaningful revenue and without the proven technology that underpins SpaceX's economics, a mismatch analysts say will cap valuations.
Pakistan looking to increase export of donkey meat, other related products to China
Pakistan plans to boost donkey meat and product exports to China. The nation sees a growing market there for donkey meat, milk, and gelatin, valued for health benefits. New agreements are in place to facilitate this trade. This initiative aims to create jobs and boost the economy. The donkey population in Pakistan has also seen a slight increase.
China says holding US citizen suspected of spying
China has detained an American citizen, Min Zin, accusing him of espionage. He is a political analyst with the Institute for Strategy and Policy Myanmar. Chinese authorities state he is suspected of activities endangering national security. The US consulate in Guangzhou has been notified. Min Zin was reportedly arrested at Kunming airport.
Philippine defence chief vows to press on against China's 'wickedness' after sanctions
Philippine Defence Secretary Gilberto Teodoro will continue his duties despite China's sanctions. Beijing imposed penalties on Teodoro for his remarks about China's actions. Ties between the Philippines and China have worsened due to disputes in the South China Sea. Teodoro stated he will uphold the nation against Chinese aggression. Manila views the sanctions as an unfriendly act that complicates relations.
China's Ministry of State Security warns 'spy turtles' are fishing for sea secrets
Foreign spies are fitting turtles and fish with sensors to create underwater maps of China's coastline, Beijing warned Friday in apparent reference to its Western competitors. The data collected would be used to create "underwater maps" that can "identify weak points in China's coastal defences, posing a serious threat to China's national security", according to the ministry.
China company secures Kenya airport deal after Adani fallout
The East African nation awarded China Communications Construction Co. an engineering, procurement and construction contract to update and expand the Jomo Kenyatta International Airport, the people said asking not to be identified as they are not authorised to discuss the matter.
China learns to live on less fuel, to the relief of oil markets
China's fuel demand has unexpectedly dropped significantly, with gasoline and diesel sales falling as consumers shift to electric vehicles and public transport. This behavioral change, driven by higher fuel prices and the property crisis, is leading to reduced crude oil imports and has major implications for global oil markets.
North Korea, China claim wins from Xi visit, but limits remain
Chinese President Xi Jinping visited North Korea, with both nations claiming significant gains. The trip boosted North Korean leader Kim Jong Un's international standing and deepened Pyongyang's alignment with Beijing. Discussions focused on cooperation, sidestepping sensitive topics like denuclearization and the United States. This visit marks a shift in regional dynamics.
Taiwan says its sovereignty cannot be 'violated', as China ends coast guard patrol
Taiwan's coast guard asserts its maritime sovereignty cannot be violated by China. China recently ended a patrol east of Taiwan, inspecting vessels and claiming jurisdiction. Taiwan insists China has no rights in these waters and will expel any asserting jurisdiction. This follows China's reaction to Japan and the Philippines discussing maritime boundaries.
China's control over indium phosphide exports threatens AI data centre rollout
Anderson's visit was partly to raise the issue of delays in China's export licenses involving the highly strategic material, essential in manufacturing high-speed optical chips for AI data centres, said three sources familiar with the matter.
Govt extends anti-dumping duty on aluminium foil imported from China & 3 other nations till December
India has extended anti-dumping duties on aluminium foil imports. The measure will remain in effect until December 15, 2026. This decision impacts imports from China, Malaysia, Thailand, and Indonesia. The Ministry of Finance issued a notification amending previous customs regulations. This action follows requests from domestic companies concerned about unfair trade practices.
China warns EU on new sanctions over Ukraine war
China has issued a stern warning to the European Union. Beijing opposes proposed EU sanctions targeting Chinese companies. These measures aim to curb support for Russia's war in Ukraine. China states it will protect its legitimate rights. The EU's latest package targets Russia's war economy, including drone production.
China’s EV boom is cleaning the air, and may have prevented 262,000 deaths
Electric vehicles are proving to be life savers. Studies show China's shift to electric cars has prevented thousands of premature deaths. Air pollution has significantly decreased in Chinese cities. In the US, California is also seeing cleaner air with more electric vehicles. Cities like New York and Chicago could see even greater life-saving benefits.
China's domestic car demand under pressure, association exec says
China's car market faces a tough year. Domestic demand has fallen significantly. This trend is expected to continue until 2026. The automotive industry is focusing on stabilizing sales at home. Vehicle exports are surging, providing a crucial boost. Overseas shipments are helping to balance out the slowdown in China's own market.
China, Taiwan spar over legality of coast guard patrols east of island
China and Taiwan are in a dispute over Chinese coast guard patrols near Taiwan's waters. Taiwan claims these patrols are harassing merchant ships. China asserts its actions are lawful to protect national sovereignty. Taiwan rejects China's claims and vows to defend its maritime territory. The situation highlights ongoing tensions between the two sides.
China's imports of major commodities show price remains key driver
China's May commodity trade reveals price is key to its resource imports. Crude oil imports hit an eight-year low due to high prices. Copper imports also fell as prices rose. Conversely, China boosted aluminium exports amid higher global prices. Coal imports declined as prices increased. These shifts highlight China's response to market price fluctuations.
Importers fret over China's new critical mineral framework
New Chinese regulations on mineral resources are causing worry for Indian businesses. Beijing is linking vital mineral supplies to its national security goals. This policy, effective June 15, formalizes China's strong control over critical mineral processing. Experts believe this could lead to supply disruptions and price hikes for Indian importers.
China's exports jump 19.4% on-year in May, 35% to US
China's exports saw a strong jump in May, rising 19.4 percent year-on-year. Imports also climbed significantly. Technology and auto shipments fueled this growth. Notably, exports to the US surged over 35 percent. Meanwhile, China's oil imports dropped to an eight-year low in May.
China prepares $295 billion plan to fund nationwide AI buildout: Report
National Development and Reform Commission is among key government agencies drafting a blueprint to build a network of inter-connected computing hubs across the country, the report said, citing people familiar with the matter.
China's Xi vows unwavering support for North Korea's Kim in rare Pyongyang visit
President Xi Jinping reaffirmed China's unwavering commitment to safeguarding common interests and supporting Kim Jong Un during a rare summit in Pyongyang. The leaders agreed to strengthen strategic ties, with Xi emphasizing opposition to hegemony and promoting regional stability. The visit highlights Beijing's view of Pyongyang as a strategic asset.
US says BYD, Baidu and Alibaba and other tech giants are aiding China's military
The U.S. has updated its list of Chinese companies aiding Beijing's military, adding tech giants like Alibaba and Baidu, alongside chipmakers CXMT and YMTC. This move, superseding a 2025 list, could heighten U.S.-China tensions and impact firms through future contracting restrictions.
Alibaba, BYD, Baidu are helping China military - Pentagon makes shocking claims
US-China relations: Pentagon's update on Monday comes months after it briefly released -- then withdrew -- an earlier version of the list without explanation.
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