Taipei, June 15 (IANS) Chinese President Xi Jinping’s latest trip to North Korea is an attempt to reassert Beijing as Pyongyang’s “most consequential partner”, a report has detailed.According to a report in the Taipei Times, North Korea’s increasing alignment with Russia helped sustain Pyongyang’s economy through sanctions pressure, and it steadily reduced Beijing’s leverage over North Korean leader Kim Jong-un.“The summit is not simply a bilateral meeting between two neighbours;…
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New Delhi, June 13 (IANS) Minister of State (MoS) for External Affairs Pabitra Margherita on Saturday presided over the flagging‑off ceremony of the first batch of pilgrims undertaking the Kailash Mansarovar Yatra (KMY) 2026 at Jawaharlal Nehru Bhawan in New Delhi. According to the Ministry of External Affairs (MEA), Margherita congratulated the yatris on their selection and informed them that accommodation would be provided at the new acclimatisation centres recently inaugurated (virtually) b…
New Delhi, June 13 (IANS) China has tightened oversight of its 23 trillion yuan (over $3 trillion) private fund industry amid growing concerns over inefficient capital allocation, fiscal risks and excessive state-backed investments in technology startups, a report has said.According to an analysis by CNBC, the latest development comes after China’s State Council unveiled new guidelines to strengthen supervision of government investment funds, while local authorities reportedly sought details of …
Washington, June 12 (IANS) A bipartisan group of US lawmakers has introduced legislation aimed at boosting semiconductor manufacturing in space, arguing that the United States risks falling behind China in a critical area of advanced technology.The proposed Semiconductor Superiority Act, which has been introduced by Republican Senator Ted Budd and Democratic Senator Michael Bennet, would clarify that semiconductor manufacturing facilities operating in low-Earth orbit are eligible for tax incenti…
New Delhi, June 11 (IANS) The future utility of the Quad will not be defined by its transformation into an ‘Asian NATO’ or by rhetorical rivalry with Beijing. Instead, its relevance will depend on whether it can evolve into a flexible strategic mechanism capable of stabilising an increasingly fragmented maritime and economic order stretching from the Pacific to the Gulf, a report has stated.During the recent visit of US Secretary of State Marco Rubio to India, the consistent public response unde…
New Delhi, June 11 (IANS) China‑Pakistan Economic Corridor has entered a new phase — dubbed “CPEC 2.0” — that prioritises artificial intelligence, cloud computing and surveillance technologies over the heavy infrastructure projects that defined the first decade of cooperation, a new report has said.The report from Asia Times said Beijing’s push to export AI architectures and “Safe City” surveillance systems to Pakistan is reshaping the partnership from physical connectivity to digi…
Washington, June 11 (IANS) A senior Republican lawmaker has introduced an amendment aimed at reinforcing US policy that the succession of the Dalai Lama is a religious matter to be determined solely by Tibetan Buddhist authorities, warning that China could seek to install a successor loyal to the Chinese Communist Party (CCP).Speaking during a House Foreign Affairs Committee markup this week, Chairman Emeritus of the committee, Michael McCaul, urged lawmakers to back the amendment, saying it wou…
Washington, June 9 (IANS) Two senior Democratic senators have urged the Trump administration to restore proposed port fees on Chinese ships, arguing that the move is essential to rebuilding America’s shrinking shipbuilding industry and reducing dependence on China in a sector increasingly viewed as critical to national security.In a letter to US Trade Representative Jamieson Greer, Senators Elizabeth Warren and Mark Kelly said the administration should reinstate Section 301 fees and restrictions…
New Delhi, June 8 (IANS) The European Union’s trade commissioner Maros Sefcovic said the bloc is developing new trade instruments to reduce its dependence on China, a new report has said.“We are using our existing tools more assertively. Where gaps exist, we are also building new tools… Diversification now requires a dedicated instrument,” Sefcovic told the annual Brussels Economic Security Forum, according to a report from Euractiv.Sefcovic warned that the EU’s current trajectory of acc…
Seoul, June 8 (IANS) North Korean leader Kim Jong-un said Monday deepening ties with China is his country’s top policy priority, as he held summit talks with Chinese President Xi Jinping in Pyongyang, according to a report.The Kim-Xi talks came hours after the Chinese leader arrived in Pyongyang for his first State Visit in nearly seven years, Yonhap news agency reported.Developing friendship between the North and China is “the people’s choice and the calling of the times,” China’s Xinhua News A…