Washington, July 9 (IANS) China must urgently overhaul its economic growth model by shifting away from exports towards stronger domestic consumption as it grapples with weak demand, slowing productivity and a rapidly ageing population, the International Monetary Fund (IMF) said on Thursday, warning that these structural challenges will weigh on the world’s second-largest economy in the years ahead. Speaking at the IMF’s regular press briefing, Julie Kozack, Director of the IMF’s Communications D…
Latest China News & Updates
Beijing, July 9 (IANS) India’s Ambassador to China, Vikram Doraiswami, on Thursday met Quanzhou Party Secretary Zhang Yigong and discussed opportunities to further strengthen bilateral cooperation across various sectors.“Ambassador Vikram Doraiswami had a cordial meeting with Quanzhou Party Secretary Mr Zhang Yigong. They discussed opportunities to further strengthen bilateral cooperation across the commercial, investment, and cultural sectors. Both sides highlighted the long-standing histor…
New Delhi, July 9 (IANS) China now appears to be trying to re-establish its influence in Nepal after a Bangladesh foray, with new promises of economic assistance and infrastructure development. With China’s Vice Minister for Commerce Yan Dong’s Kathmandu visit this week, the message was unmistakable.Beijing wants deeper economic ties, faster project delivery, and formal safeguards for its investors.This followed Nepal Foreign Minister Shisir Khanal’s meeting with his Chinese counterpart Wang Y…
Melbourne, July 9 (IANS) Australian Prime Minister Anthony Albanese, during his meeting with PM Narendra Modi in Melbourne on Thursday, raised the issue of China’s latest launch of an Intercontinental Ballistic Missile (ICBM) into the South Pacific , Foreign Secretary Vikram Misri has confirmed. “This was raised by the Australian Premier and there was a certain amount of concern expressed about this development. The Prime Minister mentioned that we see the Indo-Pacific as an area where we would …
Dharamsala, July 9 (IANS) Tibetan spiritual leader, The Dalai Lama, who is recuperating in Ladakh’s Leh from the medical procedure of his left knee, said on Thursday that like in the past he found the climate here at this time of year well suited to his health and would remain here for the next several weeks. In a thank you message to his followers and well-wishers, who greeted him on his 91st birthday, the Nobel Peace Laureate wrote, “I would like to thank you all for your greetings on my 91st …
New Delhi, July 9 (IANS) India, the world’s fastest growing economy, has gained increasing importance among Western countries amid the drastic changes in the global landscape triggered by Donald Trump taking over as US President, China’s increasing alienation and the continuing Ukraine-Russia war, according to a new report.The India-EU free trade agreement (FTA) reflects this change as Europe looks to diversify its markets, fortify its supply chains and find reliable strategic partners. Howe…
New Delhi, July 9 (IANS) China’s major technology companies have trimmed nearly 1.3 lakh jobs over the past year as rapid adoption of artificial intelligence (AI) and corporate restructuring reshape the sector, with a new report criticising the Chinese Communist Party (CPC) for remaining silent over the large-scale workforce disruption.The report from Sri Lanka-based Daily Mirror said Alibaba, Tencent, ByteDance, Meituan and Baidu have announced tens of thousands of job cuts with some divisions …
Ankara, July 8 (IANS) President Donald Trump on Wednesday said his tariff policies had triggered an unprecedented wave of manufacturing investment in the United States, arguing that companies across sectors ranging from automobiles to pharmaceuticals and semiconductors were shifting production to America to avoid higher import duties. Speaking at a news conference after the NATO summit in Ankara, Trump said the United States was experiencing the largest industrial expansion in its history, with …
Ankara, July 8 (IANS) President Donald Trump on Wednesday said the United States was experiencing the strongest economic expansion in its history, citing record investment, manufacturing growth and job creation as evidence that his administration’s policies were transforming the country’s industrial base. Speaking at a news conference after the NATO summit in Ankara, Trump argued that the United States had regained its economic momentum and international standing.”It was clear that America is ba…
Taipei, July 8 (IANS) National Endowment for Democracy President and CEO Damon Wilson has said that the Chinese Communist Party (CCP) poses a big challenge to democracy and accused it of using political, economic and technological tools to reshape the global order as per its own interests, local media reported on Wednesday. In his address at China In The World (CITW) Summit in Taipei on Tuesday, Wilson said that China’s negative influence has been a key driver of 20-year consecutive decline in g…