CHINA ANXIETY
Charting the global economy: UK labour party wins in landslide
A surge of Chinese plastic supply is threatening to overflow in the face of weak domestic demand, morphing into a fresh trade challenge for the rest of the world.
China's yuan steady near 7-month lows as traders eye yen and data
China's yuan weakens against the dollar as foreign investors avoid the stock market. Analysts suspect currency manipulation by Beijing to maintain stability and competitiveness.
In China's backyard, America has become a humbler superpower
Far from Ukraine and the Gaza Strip, as the Group of 7 wealthy democracies gathered in Italy to discuss a range of old, entrenched challenges, the nature of American power is being transformed across the region that Washington sees as crucial for the century to come: the Asia-Pacific.
Sensex surges 2,400 pts, Nifty tops 22,600 after posting worst day in four years as poll verdict anxiety eases
Nifty50 and Sensex rebounded after worst day in 4 years following narrow win for PM Modi's alliance, raising policy continuity concerns.
Xi Jinping exposes cracks in China's governance model
President Vladimir Putin emphasized Russia and China's commitment to a more democratic multipolar world order during his visit to China. Critics point to Xi Jinping's concentration of power, erosion of norms, and struggles in maintaining control over the PLA, raising concerns about China's governance model.
National security has become crucial to many economic transactions: Jaishankar
Rooting for multipolarity and the role of India, the minister said, "The transformation of India is critical to strengthening multipolarity in Asia itself, a prerequisite for a multipolar world. India's growing weight will ensure that the overall balance in the world order remains in favour of freedom, openness, transparency and a rules-based order."
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India's growing weight will ensure overall global balance remains in favour of freedom, openness: Jaishankar
External Affairs Minister S Jaishankar highlighted India's increasing influence in maintaining a global order favoring freedom and transparency. Addressing the Nikkei Asia Future of Asia Forum, he emphasised the challenges posed by supply chain issues and economic coercion, particularly in light of China's ambitions. Jaishankar also discussed the evolving geopolitical, geo-economic, and geo-technological landscape, stressing the importance of resilience and redundancy in the face of global transformations.
German defence industry says it will need government help to reduce dependence on China
Hans Christoph Atzpodien, head of the Bundesverband der Deutschen Sicherheits- und Verteidigungsindustrie (BDSV), said the U.S. defence industry had, under government pressure, widely shed their dependency on Beijing in recent years.
How China beat the US in the great EV race
US lags behind China in EV market despite initial advantage. China's strategic policies and dominance in battery tech contribute to its success. Differences in intent and systems shape each country's approach to vehicle electrification.
As Yellen heads to Beijing, China worries that the US is planning more tariffs on green tech
US Treasury Secretary Janet Yellen urges China to change manufacturing policies, causing skepticism in state media amid fears of more US tariffs on green energy products. Yellen addresses unfair trade practices and overcapacity in clean energy sector during visit to major industrial hub. Concerns over flood of low-priced exports and job threats as US seeks balanced economic relationship with China. Discussions continue in Beijing over weekend on reshaping global economic landscape.
Press Freedom in China: Local authorities stifle state-run CCTV
Last month China Central Television (CCTV) following an incident outlined the role of journalists and their relationship to the public — and what rights they should and do have.
Some Chinese workers planning to leave Pakistan over security reasons: analyst
Thousands of Chinese personnel are working in Pakistan on several projects being carried out under the aegis of the USD 60 billion China-Pakistan Economic Corridor. The recent terror attack has now caused significant alarm among them.
Anxiety grips China as Japan strengthens defence capabilities & outreach
China expresses grave concerns over Japan's advanced fighter jets developed with Italy and the UK. Japan strengthens defence ties with Indonesia, Philippines, Vietnam, and Malaysia, holding a trilateral summit in Washington DC to bolster security arrangements in the Indo-Pacific region.
A pivot to China saved Elon Musk. It also binds him to Beijing.
Elon Musk's intricate relationship with China through Tesla's Shanghai venture showcases both success and challenges. Musk's endeavors, including SpaceX and the X platform, intertwine with China, raising questions about influence and financial exposure.
Tim Cook’s love for China helps Xi fight fears of economic slump
Days after he opened an expansive new retail store in Shanghai and pledged a fresh investment in applied research in the country, Apple Inc. Chief Executive Tim Cook on Sunday gushed, “I love it here, I love the Chinese people.”
Britain says China hacked electoral watchdog, targeted lawmaker emails
In response to the attempted hack in 2021 of emails belonging to British politicians "prominent in calling out the malign activity of China", Britain imposed sanctions on two people and one company linked to state-backed Chinese hacking group APT31, the Foreign Office said in a statement.
Britain due to set out Chinese cyber security threat
Deputy Prime Minister Oliver Dowden is due to make a statement on the issue to parliament on Monday, a government official said, declining to confirm whether he will also announce reprisals including sanctions.
'No role' for China in Pacific policing, Australian minister says
Australia's Pacific Minister Pat Conroy asserts opposition to China's policing involvement in Pacific Islands, emphasizing the need for local security forces. This stance follows reports of Chinese police working in Kiribati. The United States echoes concerns, cautioning against Chinese security assistance in the region.
Jaishankar bats for deeper engagement among IOR nations; flags instances of disregard to maritime laws, long-standing pacts
Jaishankar stressed the need for greater consultation, cooperation, and collective self-reliance among the Indian Ocean countries to address challenges such as safeguarding sovereignty and dealing with maritime law violations. He emphasized the importance of implementing UNCLOS 1982 and addressing concerns over China's military assertiveness in the South China Sea.
Fear and ambition propel Chinese President Xi Jinping's nuclear acceleration
Xi has expanded China's atomic arsenal faster than any other Chinese leader, bringing his country closer to the big league of the United States and Russia. He has doubled the size of China's arsenal to roughly 500 warheads, and at this rate, by 2035, it could have about 1,500 warheads -- roughly as many as the U.S. and Russia each now deploy, U.S. officials have said.
Philippine actions in South China Sea 'extremely dangerous' - Chinese state media
The Philippines has relied on U.S. support to continually provoke China, with such "extremely dangerous" behaviour seriously harming regional peace and stability, China's Communist Party mouthpiece, the People's Daily, wrote in a commentary on Monday.
Yen grazes 150 again as yields dictate trading
The benchmark JGB yield was at 0.855%, its highest level since July 2013. Yields dipped on Friday after the BOJ announced more loans to encourage financial institutions to buy JGBs.
Asian shares hit 11-month low on Middle East anxiety, surging yields
The surge in the 10-year U.S. benchmark yield overnight to 5% has raised borrowing costs around the world. On Friday, the Bank of Japan intervened in the Japanese government bond (JGB) market as the 10-year JGB yield touched a decade high.
Apple suppliers slide on China anxiety, threat from Huawei
Apple shares have tumbled 6.4% over the last two days, wiping $190 billion from its market capitalisation, following news Beijing ordered some central government employees in recent weeks to stop using iPhones at work.
Chinese EV company launches battery that offers 400 km range with just 10 minutes charging
The battery which has been labeled "Shenxing" is capable of providing a total range of over 700 km on a single charge and will be available in electric vehicles (EVs) in early 2022. The new battery aims to provide a solution to charging anxiety for EV users.
Oil prices flat as rates anxiety, China gloom offset tighter supply
The world's top crude importer is drawing on record inventories amassed earlier this year as refiners scale back purchases after supply cuts by the Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, known as OPEC+, drove global prices above $80 a barrel.
In China, muted reaction to revolt in Russia belies anxiety over war, global balance of power
China claims to be neutral over the war but has backed Russia in practice, blaming the U.S. and NATO for provoking Russia's full-on and thus-forth thwarted invasion of the eastern European country while continuing with frequent state visits, economic exchanges and joint military drills with Russia.
Asian stocks rally as banking anxiety eases; Alibaba surges
Following weeks of volatility in the market after the unexpected failure of two U.S. banks and the rescue of Credit Suisse in Europe, investor nerves were calmed this week by the sale of assets in collapsed lender Silicon Valley Bank and no new signs of further stresses in the banking system.
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