Tag Archives: China

A significant IT outage that disrupted operations globally on Friday had minimal impact on China, according to recent reports. The outage, caused by a software update from the cybersecurity firm CrowdStrike, affected a broad range of sectors, including airlines and broadcasting, but left China’s daily operations largely unaffected.

The Biden administration is set to announce significant tariffs on a range of Chinese imports, encompassing electric vehicles (EVs), semiconductors, solar equipment, and medical supplies. According to sources familiar with the plan, these tariffs are part of a broader strategy aimed at addressing concerns over China's manufacturing practices, particularly in areas of overcapacity and potential threats to U.S. jobs and national security.

China's economy, the world's second-largest, has defied expectations by growing at a robust pace of 5.3% in the first quarter of 2024. This growth comes amidst ongoing challenges such as a slowdown in demand and a property crisis in the country, showcasing the resilience of China's economic policies and the adaptability of its markets.

The World Bank has lowered growth forecasts for East Asia's developing economies, primarily due to a slowdown in China. This adjustment is expected to result in one of the region's slowest growth rates in five decades, attributed to various factors including tumbling retail sales, stagnant house prices, increased household debt, and trade tensions.

In a significant development, Apple's manufacturing partner, Foxconn Technology Group, has initiated the production of the much-anticipated iPhone 15 in Tamil Nadu, India. This move highlights Apple's ongoing efforts to diversify its manufacturing operations and reduce its reliance on China as its primary manufacturing base.

In a significant development for China-US relations, US Secretary of State Antony Blinken met with Chinese President Xi Jinping, who announced that an agreement on "some specific issues" had been reached during their extensive talks. The meeting took place on the final day of Blinken's two-day high-stakes visit to Beijing, as tensions between the two countries remain high.

The International Monetary Fund delegation landed in Islamabad last week to thrash out tough conditions that Prime Minister Shehbaz Sharif called “beyond imagination”. Karachi:  Cash-strapped Pakistan and the IMF on Thursday failed to reach a clear agreement to unlock crucial bailout funds on the last day of urgent talks in …

Officials have said surveillance airships, operated in part by the PLA (People’s Liberation Army) air force, have been spotted over five continents, said a report. China has operated a fleet of spy balloons targeting several countries including India and Japan, a media report has said, days after the US military shot …

Joe Biden State Of The Union Address: Joe Biden said, “But make no mistake: as we made clear last week, if China threatens our sovereignty, we will act to protect our country. And we did.” Joe Biden State Of The Union Address: US President Joe Biden makes a point as …

State of the Union 2023: Biden declares US democracy ‘bruised but unbowed and unbroken’; Putin’s invasion of Ukraine has been a test for the ages, says the US President. State of the Union 2023: US President Joe Biden delivered his second State of the Union address Wednesday. While addressing the gathering, he said …