3 h. ago Cairo calling: why Chinese factories are moving to Egypt amid the trade war

Until recently, Jiahao’s guest house in a quiet corner of Cairo was a modest pit stop for Chinese tourists on their way to visit the Egyptian pyramids. But this spring, the hostel suddenly began to attract a different kind of client. Jiahao, the hostel’s 26-year-old owner, began welcoming groups of factory owners from across China and Southeast Asia – grizzled businesspeople whose trips were not about sightseeing, but survival. “Many business owners now book week-long stays,” Jiahao said. “I...

Events

5 h. ago Beijing’s top Taiwan official warns independence forces will bring ‘disaster’

Mainland China’s top official on Taiwan affairs has called on both sides of the Taiwan Strait to oppose “Taiwan independence and external interference” and promote closer integration. “Taiwan independence forces and their activities undermine national sovereignty and territorial integrity, disrupt peace and stability in our homeland, and incite confrontation and division among compatriots,” said Wang Huning, the fourth-ranking official of China’s ruling Communist Party. He made the comments at...

Events

21 h. ago China expresses backing for Tehran, opposition to Israeli strikes in separate calls with Araghchi, Sa'ar

China expresses backing for Tehran, opposition to Israeli strikes in separate calls with Araghchi, Sa'ar  The Times of IsraelChina Reacts to Israel's Attack on Iran  NewsweekIsrael's drone strikes in Iran show why US must halt China's land grab here: experts  Fox News

Politics

26 h. ago In human rights talks, EU warns of ‘deterioration’ of basic freedoms in China

During thorny human rights talks with China on Friday, the European Union voiced concerns about what it called a “deterioration of fundamental freedoms” in the country. The EU cited “government interference” in the succession plan for the Dalai Lama, an ongoing crackdown in Hong Kong, and jailed Uygur and Tibetan activists as examples in its statement on the 40th edition of the EU-China Human Rights Dialogue in Brussels. The bloc accused China of “persistent restrictions on freedom of...

Events

41 h. ago Japan Calls Out China Over Unusual Maneuvers, Warns It Could Lead to Accidental Collision

Japan Calls Out China Over Unusual Maneuvers, Warns It Could Lead to Accidental Collision  USNI News

Events

52 h. ago China calls on Niger to tackle disputes with energy firms through dialogue

Foreign Minister Wang Yi has urged Niger’s junta government to resolve disputes with Chinese energy companies operating in the West African nation through dialogue. Wang made the remarks during talks with his Nigerien counterpart Bakary Yaou Sangaré in the central Chinese city of Changsha on Wednesday. “The two sides should properly handle the differences and problems encountered in cooperation through dialogue,” Wang said, according to a Chinese foreign ministry readout of the meeting, which...

Politics

56 h. ago As Chinese exporters explore home market, how are letters of credit helping?

After the United States imposed so-called reciprocal tariffs on imports from China in April, Beijing took steps to help Chinese exporters sell their products domestically. In addition to the staging of product promotion events across the country and the offering of fiscal and financial incentives, Beijing also encouraged the increased use of letters of credit (L/Cs) to help such businesses switch focus to the domestic market. What is a domestic letter of credit? A letter of credit, also known as...

Politics

56 h. ago Cheerleaders to critics: German machinery makers call for EU action on China

Germany’s iconic machine makers used to be among the loudest cheerleaders for ever-closer economic ties between China and Europe. Now, as exports dwindle and facing “increasingly strong [Chinese] competitors” beefed up by “unfair state subsidies”, the industry is demanding that Brussels put in place trade barriers to protect it. A new position paper published on Thursday by the Mechanical Engineering Industry Association (VDMA), representing medium-sized manufacturers that help constitute...

Politics

61 h. ago Chinese solar firms bank on overseas expansion to survive amid US tariffs

Chinese solar and energy-storage companies will continue to press ahead with their overseas expansion with or without a long-term agreement on trade tariffs, as production abroad holds the key to their long-term survival, according to executives at China’s largest solar industry exhibition. Although the US and China reached a 90-day truce in their ongoing tariff war in May, solar panel exports from China and Southeast Asia to the US are still subject to tariffs of as much as 3,521 per cent, with...

Economics

3 d. ago Pentagon chief warns China preparing for war, calls Beijing top US threat

Pentagon chief warns China preparing for war, calls Beijing top US threat  Business Standard

Events

3 d. ago German engineering group calls on EU to put pressure on China over rare earths

German engineering group calls on EU to put pressure on China over rare earths  Reuters

Events

3 d. ago Massed drone deployments part of military modernisation: China’s PLA Daily

China’s military mouthpiece has called for the large-scale and centralised deployment of unmanned combat forces at key locations to fully realise their potential in any future intelligent warfare, amid rising tensions with the US in the Indo-Pacific. In an article published on Tuesday, the PLA Daily urged “innovative” organisation and applications of unmanned systems, highlighting their “decisive and dominant” role in future conflicts, including the capability to conduct close-range precision...

Events

4 d. ago Chinese man, 35, refuses to work or get married, lives in a cave for 4 years

A 35-year-old man in China who believes work and marriage are redundant notions has been living in a cave for four years. Min Hengcai from southwestern China’s Sichuan province calls home the adapted cavern in the town where he was raised. At the end of 2021, he gave up a ride-hailing driving job, which earned him 10,000 yuan (US$1,400) a month in the city, and returned home to live a life of seclusion. Min said he found work meaningless. He had previously worked for 10 hours a day to repay a...

Politics

4 d. ago US, China reach deal to ease export curbs, keep tariff truce alive

US, China reach deal to ease export curbs, keep tariff truce alive  Reuters

Economics

4 d. ago Beijing And Washington Forge Agreement To Revive Geneva Tariff Truce

Beijing And Washington Forge Agreement To Revive Geneva Tariff Truce  Barchart.com

Politics

5 d. ago China’s film distributors pledge more imports to diversify market

China’s film distributors have called for diversifying the country’s cinematic offerings with more and better titles from overseas, at a time when domestic productions have seized the lion’s share of the market from their imported competitors. At a work conference held by the state-owned China Film Group Corporation, as well as Huaxia Film Distribution, companies vowed to bring in “good titles from multiple countries” to improve the number, quality and market share of foreign films, state media...

Politics

5 d. ago China calls for cooperation with UK during ministers meeting

China calls for cooperation with UK during ministers meeting  Reuters

Politics

5 d. ago China's Xi urges respect, 'right track' in call with South Korean counterpart

China's Xi urges respect, 'right track' in call with South Korean counterpart  Reuters

Politics

5 d. ago 'India has become excessively dependent on China': Top economist calls for 'carefully tailored policy' for trade with Beijing

'India has become excessively dependent on China': Top economist calls for 'carefully tailored policy' for trade with Beijing  MSN

Events

5 d. ago The US and China are holding trade talks in London after Trump’s phone call with Xi

The US and China are holding trade talks in London after Trump’s phone call with Xi  AP News

Politics