32 h. ago China Can’t Abide a Russian Loss in Ukraine, Its Foreign Minister Says

China Can’t Abide a Russian Loss in Ukraine, Its Foreign Minister Says  Kyiv Post

Politics

32 h. ago China Can’t Abide a Russian Loss in Ukraine, Beijing’s Foreign Minister Tells EU

China Can’t Abide a Russian Loss in Ukraine, Beijing’s Foreign Minister Tells EU  Kyiv Post

Politics

34 h. ago China's foreign minister tells EU that Beijing cannot afford Russia to lose in Ukraine, media reports

China's foreign minister tells EU that Beijing cannot afford Russia to lose in Ukraine, media reports  The Kyiv Independent

Politics

39 h. ago China tells EU it cannot afford Russian loss in Ukraine war, sources say

Chinese Foreign Minister Wang Yi told the European Union’s top diplomat on Wednesday that Beijing cannot afford a Russian loss in Ukraine because it fears the United States would then shift its whole focus to Beijing, according to several people familiar with the exchange. The comment, to the EU’s Kaja Kallas, would confirm what many in Brussels believe to be Beijing’s position but jar with China’s public utterances. The foreign minstry regularly says China is “not a party” to the war. Some EU...

Events

39 h. ago Exclusive | China tells EU it cannot afford Russian loss in Ukraine war, sources say

Exclusive | China tells EU it cannot afford Russian loss in Ukraine war, sources say  South China Morning Post

Events

39 h. ago China tells EU it does not want to see Russia lose its war in Ukraine: sources

Chinese Foreign Minister Wang Yi told the European Union’s top diplomat on Wednesday that Beijing does not want to see a Russian loss in Ukraine because it fears the United States would then shift its whole focus to Beijing, according to several people familiar with the exchange. The comment, to the EU’s Kaja Kallas, would confirm what many in Brussels believe to be Beijing’s position but jar with China’s public utterances. The foreign minstry regularly says China is “not a party” to the war....

Events

39 h. ago Exclusive | China tells EU it does not want to see Russia lose its war in Ukraine: sources

Exclusive | China tells EU it does not want to see Russia lose its war in Ukraine: sources  South China Morning Post

Events

54 h. ago Tech war: US lifts export control of chip design software to China

The US said on Thursday it had lifted export controls on certain chip design software to China, according to statements from Siemens, Synopsys and Cadence Design Systems. Three of the world’s largest electronic design automation (EDA) software developers have been informed by the US government that sales of their products to China would no longer require special approval, signalling a further easing of bilateral tensions. San Jose, California-based Cadence said in an email that the US Bureau of...

Events

2 d. ago Alibaba’s US$7 billion subsidy deepens China’s instant shopping battle

Alibaba Group Holding’s instant commerce service announced on Wednesday a substantial subsidy programme totalling 50 billion yuan (US$7 billion) over the next 12 months for both consumers and merchants, intensifying the fierce competition in China’s on-demand delivery sector, where JD.com and Meituan are also major players. Consumers using Taobao’s in-app Shangou service, the instant commerce business of Alibaba, will enjoy significant incentives, including cash vouchers, free purchase coupons,...

Economics

3 d. ago Pentagon reliant on Chinese suppliers and ‘not prepared’ for war, report warns

The US defence industrial base remains dependent on Chinese suppliers despite efforts to decouple – and that raises concerns over war readiness, according to a report by data analytics firm Govini. Chinese firms still made up 9.3 per cent of the primary contractors, or Tier 1 suppliers, involved in major US defence programmes across nine critical sectors in 2024, Govini said in its annual National Security Scorecard. “The United States is not prepared for the war that we may have to enter if...

Events

7 d. ago Boom goes the deal? China’s Iran investments under fire, but Middle East beckons

Watching as missile bombardments threaten key shipping routes and blow up some of their trade deals in the Middle East, with Iran at the centre of the firestorm, Chinese exporters are feeling the heat. After finalising a deal with an Iranian buyer she met at China’s Canton Fair in April, Miya Yu, a trader of light industrial goods – valves, toys, aluminium containers, etc – collected the necessary materials to begin production and fill the order. Production never began. The contracted client...

Economics

8 d. ago China should be alert to risk of US being drawn into war by allies, analyst says

There is more risk of a global military conflict breaking out under Donald Trump’s leadership, with the US more likely to be drawn into wars involving smaller nations or allies, according to Chinese analysts. The assessment came after the United States joined Israel’s war against Iran last weekend, carrying out military strikes on three nuclear sites in the Islamic Republic. US officials have signalled that the operation was a one-off intervention and – hours after Iran launched a missile attack...

Events

9 d. ago Hong Kong’s strengths in bridging East and West amid trade war: finance chief

Hong Kong’s finance minister has dismissed concerns that foreigners are avoiding the city because of its strong connections to the mainland Chinese market amid the trade war, saying that investors are showing their confidence with their capital. At the “Summer Davos” forum on Wednesday, Financial Secretary Paul Chan Mo-po said Hong Kong’s strengths lay in giving investors priority access to the mainland market while helping businesses across the border to go global and diversify their supply...

Events

9 d. ago Hong Kong’s strengths lie in bridging East, West amid trade war: finance chief

Hong Kong’s finance minister has dismissed concerns that foreigners are avoiding the city because of its strong connections to the mainland Chinese market amid the trade war, saying that investors are showing their confidence with their capital. At the “Summer Davos” forum on Wednesday, Financial Secretary Paul Chan Mo-po said Hong Kong’s strengths lay in giving investors priority access to the mainland market while helping businesses across the border to go global and diversify their supply...

Events

1 week ago Zelensky tells Nato Chinese firms among Russia’s suppliers aiding war on Ukraine

Chinese defence companies are part of the network helping Russia sustain its war against Ukraine – a war “crucial” to European security, Ukrainian President Volodymyr Zelensky said at the Nato summit on Tuesday. While Russia poses a long-term threat to Europe, it is not just Russia alone, Zelensky told the summit’s defence industry forum, held in The Hague. Zelensky said that the continent was facing a “network of state and non-state actors” that are “assuring the course of aggression”. “This...

Events

1 week ago As skies in Mideast close, China airlines have key advantage – Russian airspace

Western airlines risk suffering greater disruption than their Chinese rivals this summer, as the escalating conflict between Iran and Israel – compounded by US military strikes – forces most carriers to avoid flying over dangerous airspace on China-Europe routes. Analysts said that while almost all carriers have diverted services to bypass Iran and parts of the Middle East, Western firms are at a disadvantage: they remain barred from Russian airspace, which Chinese companies continue to...

Politics

1 week ago Suez Canal on rails? How this inland Chinese city wants to revolutionise global trade

In Tuanjie Village, in the heart of Chongqing – China’s largest inland city, best known for its spicy hotpot – orange gantry cranes hoist cargo onto goods trains bound for Europe and Russia. Each day, hundreds of containers pass through the sprawling 82,000-square-metre yard, exporting electric vehicles and components or returning with cars, meat, wine and dairy. Just a five-minute drive away, blue cranes mark another yard – this one unloading tropical fruits and raw materials from Southeast...

Politics

1 week ago Suez Canal on rails? How this Chinese city wants to revolutionise global trade

In Tuanjie Village, in the heart of Chongqing – China’s largest inland city, best known for its spicy hotpot – orange gantry cranes hoist cargo onto goods trains bound for Europe and Russia. Each day, hundreds of containers pass through the sprawling 82,000-square-metre yard, exporting electric vehicles and components or returning with cars, meat, wine and dairy. Just a five-minute drive away, blue cranes mark another yard – this one unloading tropical fruits and raw materials from Southeast...

Politics

1 week ago China looks to Singapore to help secure supply chains from US trade war turmoil

China and Singapore should work together to safeguard global supply chains, Chinese Premier Li Qiang said on Monday as Beijing seeks deeper ties with neighbouring countries to help offset trade tensions with Washington. In talks with Singaporean Prime Minister Lawrence Wong at the Great Hall of the People in Beijing, Li said bilateral ties had continued to strengthen, and the two countries were “friendly neighbours and important partners”. “China is willing to maintain close high-level exchanges...

Events

1 week ago US farmers face tough outlook as China switches suppliers amid trade war

China’s imports of a slew of US agricultural products plunged dramatically in May, and it is possible the trade may never fully rebound as Beijing’s moves to diversify its food supplies will be “difficult to unwind”, experts said. The shift in Chinese demand sparked by the trade war and Beijing’s concerns about long-term uncertainty in its relationship with America could have deep implications for global supply chains – and particularly for the US farm sector, for which China has long been a key...

Events