China
2 Mar
China has reportedly discovered a massive thorium deposit capable of supplying energy for the next 60,000 years, according to a declassified national geological survey. Meanwhile, according to a report on an intergovernmental organization, Brazil, Russia, India, and China's (BRICS) ‘X’ handle, the discovery was made at the Bayan Obo mining complex in Inner Mongolia. BRICS…
28 Feb
China on Friday vowed to take "all necessary countermeasures" after US President Donald Trump said he would impose an additional 10 percent tariff on Chinese imports -- a decision Beijing warned would "seriously impact dialogue". Trump's latest move will come into effect on Tuesday alongside sweeping 25 percent levies on Canadian and Mexican imports, intensifying…
28 Feb
Singapore has charged three men with fraud, according to court documents, in cases reportedly linked to the transfer of AI-powering Nvidia chips to China. The charges come as the United States cracks down on exports of advanced semiconductors to China, seeking to retain a competitive edge over the technology. Two Singaporeans and a Chinese national…
28 Feb
Chinese President Xi Jinping has admitted the country's economy still faces "numerous difficulties" in an article set to be published this week ahead of a major political meeting in Beijing, state media said Friday. "At present, the unfavourable impact of changes in the external environment has deepened, and China's economy still faces numerous difficulties and…
26 Feb
Taiwan sent forces on Wednesday in response to China's "live-fire" drills off the self-ruled island, Taipei's defence ministry said, condemning the exercises as dangerous. China deployed 32 aircraft near Taiwan as part of a joint combat drill with Chinese warships and announced "live-fire exercises" in an area about 40 nautical miles (74 kilometres) off…
26 Feb
The EU on Wednesday unveiled a push to "simplify" its environmental rules to give businesses breathing room faced with competition from the United States and China -- while still vowing to decarbonise Europe's economy. The European Union's focus has pivoted to competitivity due to concerns over sluggish economic growth -- in a sharp move away…
26 Feb
Chinese President Xi Jinping told top officials on Wednesday that Beijing should address domestic and international difficulties "calmly", one week before the country's biggest annual political gathering. The world's second largest economy is facing down sluggish internal demand and a protracted property sector crisis, as well as the possibility of a deepening trade war with…
26 Feb
Taiwan dispatched forces on Wednesday in response to China's "live-fire" drills off the self-ruled island, Taipei's defence ministry said, condemning the exercises as dangerous. China deployed 32 aircraft around Taiwan as part of a joint combat drill and announced "live-fire exercises" in an area about 40 nautical miles (74 kilometres) off the island's south, the…
25 Feb
Beijing has lodged a serious protest with the European Union over sanctions against a Chinese aerospace tech company for allegedly supporting the Russian armed forces. Chinese Foreign Ministry spokesman, Lin Jian, said this on Tuesday. On Monday, the Council of the EU had approved the 16th package of sanctions against Russia, adding 48 individuals and…
25 Feb
As the Kogi State Free Trade Zone takes off, key Chinese investors’ investments flood the state to take advantage of the opportunities. This followed the agreement secured by the Kogi State Government with the People’s Republic of China for the takeoff of the Kogi Hunan Special Economic Zone, with the status of a Free Trade…
25 Feb
Chinese internet giant Baidu said on Tuesday it had purchased social media platform JOYY Inc's livestreaming business for $2.1 billion, a year after it cancelled a deal partly because it failed to get government approval. The price Baidu said it had paid, detailed in a Hong Kong stock exchange filing, was around 60 percent of…
25 Feb
In this nearly 20-year-old thesis, which I am now developing into a book titled, Darfur-Sudan: Why the Superpowers Failed to Help – Global Power Dynamics and Humanitarian Crises, I argue that conflicts over resource control often stem from unfair trade practices.