10 h. ago China Grants $3.2 Billion Lifeline to Pakistan: What It Means for Both Nations

China Grants $3.2 Billion Lifeline to Pakistan: What It Means for Both Nations  Vocal

Economics

1 week ago China gives Hong Kong new yuan transfer cap as payment link starts

China’s financial authorities have granted Hong Kong residents a new daily remittance quota for the renminbi, as a cross-border electronic transactions service prepares to kick off, linking 315 million users between the city and the mainland. Starting from noon on Sunday, the 17 million registered users of Hong Kong’s Faster Payment System (FPS) will be able to remit up to HK$10,000 (US$1,282) per day for each bank account to 298 million users on the mainland’s Internet Banking Payment System...

Politics

1 week ago China has granted rare earth export licences to some firms, commerce ministry says

China has granted rare earth export licences to some firms, commerce ministry says  Reuters

Politics

1 week ago China and Central Asian leaders cap summit with friendship pact and aid pledge

China wrapped up its latest engagement effort in Central Asia on Tuesday with a 1.5 billion (US$209 million) yuan pledge towards livelihood and development projects in the region. The six participating countries in the second China-Central Asia Summit also signed a landmark permanent friendship pact. “China is willing to provide 1.5 billion yuan in grant assistance to Central Asian countries this year to support livelihood and development projects of common concern to each country,” Chinese...

Politics

2 w. ago China grants export permits to rare earth giant for US, Europe shipments

A top Chinese rare earth exporter, which hosted President Xi Jinping during a 2019 inspection, said it had obtained export permits for several destinations, including the United States. Investors welcomed the news, sending the company’s shares higher. JL MAG Rare-Earth said on Wednesday that it had also been granted licenses for Europe and Southeast Asia, and that it would export magnetic materials, components and motor rotors. “After the export controls imposed on medium and heavy rare earth...

Politics

3 w. ago China will drop the Great Firewall for some users, but only in southern Hainan

China’s southernmost province of Hainan is piloting a programme to grant select corporate users broad access to the global internet, a rare move in a country known for having some of the world’s most restrictive online censorship, as the island seeks to transform itself into a global free-trade port. Employees of companies registered and operating in Hainan can apply for the “Global Connect” mobile service through the Hainan International Data Comprehensive Service Centre (HIDCSC), according to...

Events

3 w. ago China hails new helicopter engine as a milestone for its aviation ambitions

China has granted approval for the country’s first home-grown 1,000-kilowatt helicopter engine to begin mass production, as Beijing doubles down on its aviation ambitions in defiance of US efforts to restrict its access to key technologies. The engine, named the AES100, was granted a production licence by Chinese authorities on Thursday, “laying a solid foundation for its market launch”, state-run news agency Xinhua reported. The move comes just days after Washington announced a new round of...

Politics