Chinese debt is a major risk to our economy, warns RBA governor Philip Lowe

Chinese debt is a major risk to our economy, warns RBA governor Philip Lowe

Canberra: The chief of Australia’s central bank has warned that the increasing built-up of debt in the Chinese economy, who is the biggest trade partner of Australia, can prove dangerous for both the countries. The debt to GDP ratio in the Chinese economy has risen from 100 percent to a staggering 260 percent in the […]

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Prime Minister Mahathir Mohammed indicates cancelling of ambitious Chinese projects in Malaysia

Prime Minister Mahathir Mohammed indicates cancelling of ambitious Chinese projects in Malaysia

Kuala Lumpur: ‘The government feels that two of the ambitious projects initiated by China in Malaysia are unnecessary . These projects don’t seem practical for Malaysia. Therefore, We may cancel these two Chinese projects,’ the Malaysian Prime Minister rocked China with these words. Prime Minister, Mahathir Mohammed has created a sensation by indicating cancellation of […]

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China will not surrender to the US blackmail, Chinese media showered criticism over US President for his claims

China will not surrender to the US blackmail, Chinese media showered criticism over US President for his claims

Beijing/Washington: Strong reactions have been received against the United States’ claims of its action of imposing taxes being successful. The claims of the US President are just empty optimism and China will not surrender before the United States’ blackmail, warned the Chinese media. As the Chinese media is controlled by the communist regime, this allegation […]

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Indo-Pacific Business Forum held in US to counter increasing Chinese economic domination

Indo-Pacific Business Forum held in US to counter increasing Chinese economic domination

Washington: The United States has initiated rapid movements to counter the use of financial strength by China to dominate the Indo-Pacific countries. This issue was highlighted in the Indo-Pacific Business Forum, organised in the United States. The United States is designing a comprehensive policy keeping the needs of the countries in that region, in terms […]

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China warns that the trade war enforced by the US will slow down the global economy

China warns that the trade war enforced by the US will slow down the global economy

Beijing: China has warned that the intensifying trade war started by the United States will result in a global economic slowdown. The Chinese economic growth rate has seen a decline for the second consecutive quarter, and it is being attributed to the trade war with the United States. US President, Donald Trump has warned of […]

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US President, Donald Trump threatens to impose trade tariffs on Chinese import worth $500 billion

US President, Donald Trump threatens to impose trade tariffs on Chinese import worth $500 billion

Washington: ‘If China takes action against the US for imposing trade tariffs, it will further impose tariff of more than $500 billion on China’, warned US President, Donald Trump. The trade tariffs imposed by the US on Chinese imports worth $34 billion was implemented since Friday. Since the US also has warned to impose tariffs […]

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China slams EU over its report, says calling it a ‘distorted state-run economy’ is hypocritical

China slams EU over its report, says calling it a ‘distorted state-run economy’ is  hypocritical

Beijing: The European Commission accused China of being a “distorted state-run economy”. China has expressed its displeasure on the Commission’s accusation and has criticised EU’s stand in this regard to be hypocritical and baseless. It is believed that the series of accusations between China and Europe would further strain the trade relations between both countries.  The European […]

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New law to prevent imports of cheap ‘Chinese’ products into Europe

New law to prevent imports of cheap ‘Chinese’ products into Europe

Strasbourg: New law has been passed to prevent import of cheap Chinese products into European countries. It was passed by 554 votes to 48 against, in the European parliament’s session on Wednesday. It was finalized after last month’s discussion amongst the European council members and the parliament. Although, the European Union (EU) in the past […]

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