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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Taipei – Chinese destroyers and fighter jets had so far patrolled close to the Taiwan Strait. It is the first time China’s aircraft carrier, Shandong, has travelled close to Taiwan. At the same time, Taiwan’s Defense Ministry has informed that 35 Chinese fighter jets conducted drills challenging Taiwan’s airspace. There are claims that China has […]
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Las Vegas: ‘The US economy is in very good shape. However, China’s financial recession may threaten the US economy. The downturn in China’s economy will majorly impact neighbouring Asian countries. Besides, the US can’t avoid this crisis either,’ US Treasury Secretary Janet Yellen warned. Just a few days ago, US President Joe Biden claimed that […]
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Beijing – The Chinese Communist regime’s economic advisor warned that if the problem of rising unemployment in China is not handled properly, it will have serious social consequences beyond the financial arena. He also warned that the unemployed youth might pose a political threat. He said that multinational companies have been retreating from China after […]
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Beijing – The ruling communist government of China has informed the leading banks of the country to reduce the interest rate. Reduce the interest rate from half to one per cent, it has been said in this information, a Western newspaper has said in its news. For the second time in the last year, the […]
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New Delhi – The government has instructed Indian traders and banks to avoid using the Chinese Yuan while doing business with other countries. Claims are being made that the government gave this instruction and the Reserve Bank of India as relations between India and China are strained. The news about this has been published by […]
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Lusaka/Washington: ‘The US debt crisis threatens the stability of the world economy. Therefore, the US does not have the right to make baseless accusations against other countries just for vested interests’, the Chinese Embassy said as it sternly criticised the US Treasury Secretary Janet Yellen. Yellen is currently on tour to Africa, where she commented […]
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Beijing: China’s economy has been hit hard by the frequent Covid outbreaks over the past year. In 2022, China’s economy registered a growth rate of just three per cent. This is the lowest level since 1976. China’s growth rate has fallen by more than half compared to 2021. In 2021, China had achieved a growth […]
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Cairo/Beijing: African countries have been in trouble due to the Corona epidemic, the food shortage caused by the Russia-Ukraine conflict and the recession-like situation in the world economy. In such a situation, the international community had demanded, including African countries, that China, which provides the most loans to African countries, should waive the debt of […]
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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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