Beijing: China’s President Xi Jinping’s “Zero Covid Policy” has delivered a severe blow to the Chinese economy. Along with the Chinese industrial output, a sharp fall has been reported in retail sales, fuel imports, energy production and employment. A few days ago, it was reported that President Jinping would have to resign due to the […]
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Beijing: Effects of the strict implementation of the Zero COVID Policy by the Chinese government have started showing in the Chinese economy. During a meeting on Thursday, Chinese President Xi Jinping announced that the Zero COVID policy would continue under any circumstances. At the same time, he also indicated that the Chinese population would have […]
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Washington: – The US Congress passed a new bill on challenging the increasing Chinese domination in international trade. The bill named ‘America Competes Act of 2022’ has provisions for reducing imports from China and incentivising US companies to start their factories. Financial assistance also has been announced in the bill for the semiconductor sector and […]
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Beijing: International arms exports from China have been declining. Analysts say restrictions on China’s imports by four of the world’s leading arms importers are the main reason. These countries include India, Australia, South Korea and Vietnam. Vietnam recently signed a defence cooperation agreement with Japan to counter China. A report on arms exports by the […]
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Washington/Beijing – The United States has dealt another blow to China as it seeks to trap China’s ruling government over the issue of Uyghurs. The US Senate has unanimously approved a bill banning Xinjiang’s use of Uyghurs as labourers. Ahead of the bill, five departments, including the US State Department, issued a joint statement issuing […]
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Canberra/Beijing: – Australian Ambassador to China, Graham Fletcher, made a crushing allegation, ‘The sanctions imposed on Australian products and the campaign in this regard is only a part of Chinese act of vengeance.’ Ambassador Fletcher lashed out at China, saying that the Chinese decisions clearly reveal that Australia cannot trust China as a trading partner. […]
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Beijing – The trade war between China and Australia has intensified further. China decided to reduce the import of natural gas from Australia and instead increase imports from the central Asian country of Turkmenistan. Only last week, China indefinitely postponed the discussions regarding an economic agreement with Australia. China is known to be the largest […]
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Washington/Beijing: The Chinese intentions of surpassing the United States on the international level has received one more severe jolt. On Thursday, the United States, Blacklisted 9 Chinese companies for their links with the Chinese military. At the same time, the United States also announced sanctions on a leading Oil sector company. In the ordinance, President […]
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Washington/Beijing: – Since the last few months, China is claiming that its economy is coming back on track. A new report says that the real picture is different. The thinktank China Beige Book claimed that the Chinese economy could not return to normal before the end of first quarter of 2021. The report says that […]
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Canberra/Beijing: – Australia warned that it would file a complaint with the World Trade Organisation (WTO) against the Chinese activities in the trade sector. Since the last few months, China has started to impose sudden sanctions against products imported from Australia. China even ignored the Australian demand for clarification in this respect. Therefore, Australia, who […]
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