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May 26, 2022 PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

China

China Strongly Condemns 'Terrorist Attack' In Balochistan
China

China Strongly Condemns 'Terrorist Attack' In Balochistan

  • On Thursday, China stated that it "strongly condemns" the bombing of a luxury hotel hosting the Chinese ambassador in Southwestern Pakistan, which killed at least four people.
  • Pakistan's military is fighting an insurgency in the province, and it is host to China's significant strategic infrastructure interests, through the China-Pakistan Economic Corridor.
Updated 22 Apr, 2021 02:19pm
Australia Cancels Belt and Road Deal with China, citing Inconsistency with Foreign Policy
China

Australia Cancels Belt and Road Deal with China, citing Inconsistency with Foreign Policy

  • On Wednesday, Australia announced that it would revoke the Victorian state government's deal to join the Chinese Belt and Road Initiative, stating that it was inconsistent with the nation's foreign policy.
  • The Australian government passed legislation last year that introduced provisions allowing the state to redact any agreements with foreign countries that deemed to threaten national interest.
Updated 21 Apr, 2021 05:39pm
China, Middle East dominate executions in 2020: Report
China

China, Middle East dominate executions in 2020: Report

  • While 2020 saw an overall decline in the number of global death penalties, some countries increased the number of executions they carried out.
  • China is believed to be "the world's most prolific executioner", with Chinese authorities classifying the total number of death sentences and executions as state secrets, making them difficult to verify.
Updated 21 Apr, 2021 03:53pm
China's President Xi calls for more equitable global governance
China

China's President Xi calls for more equitable global governance

  • Chinese President Xi Jinping said on Tuesday that the global governance system should be made more equitable and fair, and that rules set by one country or some nations cannot be imposed on others.
  • Building barriers and pushing for decoupling will harm others and benefit no one, Xi said in his keynote speech at the annual Boao Forum for Asia, China's answer to the Davos conference.
Updated 20 Apr, 2021 01:19pm
Chinese regulators fine Alibaba $2.78 billion over monopolistic market abuse
China

Chinese regulators fine Alibaba $2.78 billion over monopolistic market abuse

  • Regulators in China have punished e-commerce giant Alibaba with a massive $2.78 billion (18.2 billion yuan) fine over practices deemed to be an abuse of the company's dominant (and monopolistic) market position.
  • Alibaba in particular has remained under scrutiny since last year, when co-founder Jack Ma criticised Chinese regulators as being "behind the times", after the company's financial arm Ant Group was investigated.
Published 10 Apr, 2021 01:24pm
Chinese-linked lenders targeting Indian working class, earning billions
China

Chinese-linked lenders targeting Indian working class, earning billions

  • Indian authorities believe that a new breed of lender, with ties to China, has been preying on the working-class and rural populace in the country, especially those who have been impacted by the pandemic.
  • The police in Hyderabad have tracked approximately $3 billion in transactions.
Updated 29 Mar, 2021 04:01pm
U.S-China relations hit stalemate, and "Quad" rallies to exert pressure
China

U.S-China relations hit stalemate, and "Quad" rallies to exert pressure

  • While the Biden Administration is taking a similar approach to dealing with China as their predecessors, the nature of their confrontation is different, as a quick reset on U.S-China relations looks increasingly unlikely.
  • The Biden Administration has banded together with major allies across the region to stifle China's influence, with the "Quad" including Australia, India, Japan and the United States.
Updated 26 Mar, 2021 01:25pm
Blinken warns China against 'coercion and aggression' on first Asia trip
China

Blinken warns China against 'coercion and aggression' on first Asia trip

  • U.S. Secretary of State Antony Blinken warned China on Tuesday against using “coercion and aggression” as he sought to use his first trip abroad to shore up Asian alliances in the face of growing assertiveness by Beijing.
  • China’s extensive territorial claims in the East and South China Seas have become a priority issue in an increasingly testy Sino-U.S. relationship and are an important security concern for Japan.
Published 16 Mar, 2021 05:16pm
In China strategy, Biden to meet with leaders of Australia, India, Japan
China

In China strategy, Biden to meet with leaders of Australia, India, Japan

  • U.S. President Joe Biden will meet on Friday with the leaders of Australia, India and Japan, a group central to his efforts to counter China’s growing military and economic power.
  • India and Australia have emphasized the importance of regional security cooperation, which has been boosted by previous lower-level meetings of the four countries.
Published 12 Mar, 2021 06:47pm
Top U.S., China diplomats to hold first in-person talks of Biden presidency
China

Top U.S., China diplomats to hold first in-person talks of Biden presidency

  • U.S. Secretary of State Antony Blinken will meet with top Chinese officials on March 18 in Alaska, the White House said on Wednesday, the first high-level in-person contact between the two sparring countries under the Biden administration.
  • President Joe Biden’s administration has committed to reviewing elements of U.S. policies toward China, as the world’s two largest economies navigate frosty relations that sank to their lowest depths in decades during Donald Trump’s presidency.
Updated 11 Mar, 2021 12:29pm