Thursday, 18 October 2018

Tag Archives: China

CPEC loans not responsible for Pakistan’s economic crisis: China

BEIJING: China said it supported International Monetary Fund (IMF) in carrying out an objective and professional evaluation of Pakistan’s financial situation and assisting it dealing with current difficulties and added, the relevant measures should not affect normal bilateral cooperation between China and Pakistan. “As a member of the IMF, China ...

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China to give 48 high-end drones to Pakistan

BEIJING: China will give 48 high-end drones to its close ally Pakistan, a deal, which experts say, could be the biggest of its kind. The Chinese media reported about the development after India struck a $5 billion deal with Russia to buy S-400 defence systems. China is Pakistan’s biggest arms ...

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Interpol chief under investigation

BEIJING: The former Chinese head of Interpol, who went missing last month, was accused of accepting bribes on Monday, becoming the latest top official to fall in President Xi Jinping’s anti-corruption dragnet. After days of concealing the fate of Meng Hongwei – who is also China’s vice minister for public security ...

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China used tiny chips on US computers to steal secrets

WASHINGTON: Tiny chips inserted in US computer equipment manufactured in China were used as part of a vast effort by Beijing to steal US technology secrets, a published report said. The Bloomberg News report said the chips, the size of a grain of rice, were used on equipment made for ...

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US, China look on as Putin seeks India arms deals

MOSCOW: Russian President Vladimir Putin arrives in India on Thursday looking to tie up billions of dollars in arms deals with Prime Minister Narendra Modi, likely irking the US, China and Pakistan in one fell swoop. The Kremlin said before the two-day visit that the “key feature” would be the ...

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Fan Bingbing apologises for tax evasion

BEIJING: Chinese superstar Fan Bingbing took to social media for the first time in months Wednesday to apologise to fans and the Communist Party for tax evasion, shortly after news broke that authorities had ordered her to pay nearly $130 million in back taxes and fines. The 36-year-old actress, model ...

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EU, China and Russia in move to sidestep US sanctions on Iran

NEW YORK: The European Union, Iran, China and Russia have set out a plan to sidestep unilateral US sanctions designed to cripple the Iranian economy and force the Iranians to renegotiate the nuclear deal signed in 2015. European diplomats hope the proposed measure – known as a special purpose vehicle ...

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EU launches Asia strategy to rival China’s ‘new Silk Road’

BRUSSELS: As doubts grow over China’s vast “Belt and Road” trade infrastructure project, the EU is launching an alternative plan for Asia that it says will not saddle countries with debt they cannot repay. EU member countries are expected to sign off on the new “Asia connectivity strategy” – which ...

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China says can’t hold US trade talks with ‘knife to the throat’

BEIJING: China said it was impossible to hold trade talks with the United States while Washington is imposing tariffs that are like “holding a knife to someone’s throat”. Speaking a day after Washington activated tariffs on $200 billion in Chinese goods, vice commerce minister Wang Shouwen said China is open ...

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Trump’s tariffs on $200 bn of Chinese imports kick in

WASHINGTON: Donald Trump’s threatened tariffs on another $200 billion of Chinese imports took effect on Monday, escalating a trade war between the world’s top two economies that is clouding the global outlook. The latest volley against Beijing brings the amount of goods hit by duties to more than $250 billion, ...

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