Browsing: China

[ad_1] Oil prices dipped for a second session on Monday after Libya resumed production over the weekend while China, the world’s largest crude importer, is expected to release economic data showing that its post-pandemic recovery is fizzling out. Brent crude futures fell 57 cents, or 0.7%, to $79.30 a barrel by 0055 GMT while U.S. West Texas Intermediate crude was at $74.90 a barrel, down 52 cents, or 0.7%. Prices softened after both benchmarks last week notched a third straight week of gains and touched their highest levels since April when output was shut at oilfields in Libya and Shell…

[ad_1] Asian shares slipped on Monday as a mixed bag of Chinese economic data were not as bad as some feared, but still fanned market impatience with the lack of major fiscal stimulus from Beijing. China reported economic growth of 0.8% in the second quarter, above the 0.5% forecasted, while the annual pace slowed more than expected to 6.3%. Industrial output topped forecasts with a rise of 4.4%, while retail sales missed by a tick at 3.1%. That followed figures out over the weekend showed China’s new home prices were unchanged in June, the weakest result this year. “The data…

[ad_1] European shares rose on Friday as lacklustre data on China‘s factory activity spurred hopes of more policy stimulus, while investors awaited key inflation readings for more clues on the direction of global interest rates. The pan-European STOXX 600 index was up 0.7% by 0825 GMT. The index was set for muted returns at the end of the quarter, with mounting evidence of China’s weak post-COVID recovery and concerns about higher-for-longer global interest rates, having stalled a rally in equities that began early this year.Nifty at all-time high above 19,100, Sensex, Bank Nifty hit fresh record highs too; bulls take…

[ad_1] Most Asia-Pacific stocks markets strengthened on Wednesday, as expectations for stimulus from China and overnight gains on Wall Street boosted the mood. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.6% in late morning. China’s equity indexes gave up some gains after poor trade data in May. The benchmark equity index was almost flat, while Hong Kong’s Hang Seng added 1%. China’s exports shrank much faster than expected in May and imports fell, albeit at a slower pace, as manufacturers struggled to find demand abroad and domestic consumption remained sluggish.”Domestic demand is subdued, but external demand was even…

[ad_1] China continues to expand its fleet of J-20 stealth jets and to operate them farther from home. The J-20’s progress has been accompanied by reports that China stole its tech from the US’s F-22. There are also suspicions that Beijing lifted hardware from the wreck of another US stealth jet. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app As China’s fleet of J-20 stealth fighters grows, so do suspicions about where Beijing got the technology for it.”They have profited greatly from their thievery…

[ad_1] One 31-year-old resident, who did not wish to reveal his full name, said he had not heard of Fang Bin but does remembers Li Wenliang, a doctor who tried to warn the world about the coronavirus and died after contracting it. Mr Li was investigated for “spreading rumours”, although local authorities later apologised to him. [ad_2] Source link

[ad_1] At that point, the train will also be able to travel as fast as 120 kilometers per hour, or nearly 75 miles an hour. Photo by VCG/VCG via Getty Images Source: South China Morning Post [ad_2] Source link

[ad_1] Throughout the 1,670km (1,038-mile) journey of two Philippine Coast Guard ships over six days, news cameras captured how – on cue and in specific locations – Chinese ships would shadow or tail the Filipinos, and send them radio warnings to leave or face “consequences”. The Philippine Coast Guard said it had invited journalists to join their routine patrol in the hotly-contested waters for the first time to witness China’s actions for themselves. [ad_2] Source link

[ad_1] Billionaire Ray Dalio warned on Thursday that the US and China are on the precipice of war. And the two giants are threatening to drag the rest of the world down with them, Dalio said. The 2024 US election is only going to make relations between both powers worse, he added. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app The US and China are on the brink of war, warned billionaire and renowned China investor Ray Dalio.Both sides are at severe risk of…

[ad_1] History textbooks for Chinese students have mentioned the country’s pandemic response for the first time. [ad_2] Source link