Tensions mount in Taiwan Strait due to US & Chinese patrol aircraft – China alleges US of being inciteful

Tensions mount in Taiwan Strait due to US & Chinese patrol aircraft – China alleges US of being inciteful

Taipei: 38 Chinese aircraft and six destroyers patrolled near Taiwan’s border. This included China’s jumbo bomber drones. Taiwan’s military is accusing this drone, armed with missiles, of hovering over its country. The US heavy patrol ship ‘P-8A Poseidon’ sailed through the Taiwan Strait while tensions rose due to China’s patrolling. China has objected to this […]

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Indian army foiled Chinese military’s infiltration bid – Defence Minister Rajnath Singh

Indian army foiled Chinese military’s infiltration bid – Defence Minister Rajnath Singh

New Delhi/Beijing: Defence Minister Rajnath Singh informed the Parliament that Indian troops foiled an infiltration bid by the Chinese army in Arunachal Pradesh’s Tawang. Besides, saying the situation along the LAC is generally stable, China refrained from talking further about its military skirmish with the Indian army. Conversely, China’s official mouthpiece Global Times claimed that […]

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Nuclear weapons should not be used in Ukraine conflict – Chinese President warns Russia

Nuclear weapons should not be used in Ukraine conflict – Chinese President warns Russia

Beijing: Chinese President Xi Jinping has warned that Russia should not use nuclear weapons in the Ukraine conflict. The message the Chinese President gave to Russia during his meeting with the German Chancellor Olaf Scholz is pleasing to the West. This indicates a change in China’s stand, which has been with Russia in the Ukraine […]

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Chinese Economy continues to decline – banking sector may take a hit of $350 bn due to Real Estate Crisis

Chinese Economy continues to decline – banking sector may take a hit of $350 bn due to Real Estate Crisis

Beijing: China, the world’s second-largest economy, is still in recession. Last month, it was revealed that China’s economic growth rate had dropped to 0.4%. After that, there are indications that the crisis in China’s ‘Real Estate’ sector is taking a more serious form. International financial institutions have predicted a 30% drop in China’s housing and […]

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US Senate approves ‘CHIPS Act’ to challenge Chinese dominance in the semiconductor sector

US Senate approves ‘CHIPS Act’ to challenge Chinese dominance in the semiconductor sector

Washington: The United States has launched a solid effort to thwart China’s move for dominance in the semiconductor sector. Hence, the US Senate has approved the ‘CHIPS Act’, enabling it to invest in the semiconductor sector extensively. After this approval, the bill will be sent to the House of Representatives, as informed by the sources […]

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Purchase of land and property in US by the Chinese is a cause for concern: Florida Governor Ron DeSantis

Purchase of land and property in US by the Chinese is a cause for concern: Florida Governor Ron DeSantis

Washington/Beijing: Governor Ron DeSantis warned that China’s purchase of land and property in Florida, considered the leading US state, is a cause for concern. As per received information, companies linked to the Chinese communist regime have purchased thousands of acres of land in Florida. Governor DeSantis said he would soon bring a bill to impose […]

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‘Zero Covid Policy’ affects Chinese industry

‘Zero Covid Policy’ affects Chinese industry

Beijing / Shanghai: The ‘Zero Covid Policy’ being implemented by China to curb the Coronavirus pandemic has led to growing resentment in the industry. Foreign companies operating in China have signalled a reduction in investment as well as manpower. Whereas, many small companies in China are reportedly on the verge of closing down. Besides, analysts […]

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United States imposes harsh sanctions against companies from China and UAE

United States imposes harsh sanctions against companies from China and UAE

Washington: The United States has imposed new harsh sanctions against companies linked to the Iranian petrochemical sector. The US Treasury Department took this action against companies in China and the United Arab Emirates (UAE). This is the third instance in the last ten days of the United States imposing sanctions against individuals and companies linked […]

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