Tag Archives: China

China condemns Modi’s visit to disputed region

disputed

MNA International Desk: China’s foreign ministry on Saturday condemned Indian Prime Minister Narendra Modi’s visit to the disputed north-eastern border state of Arunachal Pradesh, saying it “resolutely opposes” activities by Indian leaders in the region. Modi’s visit was part of a series of public meetings in the region aimed at garnering support for his Hindu nationalist Bharatiya Janata Party ahead of Indian elections due by May. Despite recent efforts to improve bilateral ties in both countries, disputes over the mountainous Indo-China border – which triggered a war in 1962 – and the region that China claims as southern Tibet have ...

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China uses AI to prevent blindness

blindness

MNA Lifestyle Desk: A Chinese hospital on Thursday launched free consultations featuring artificial-intelligence (AI) cameras to detect ocular fundus diseases, which are a major cause of blindness. Deqing county hospital in Guangdong Province became the first to use the device, co-developed by China’s search engine Baidu and Sun Yat-sen University, to serve the general public. The instrument is capable of diagnosing three types of fundus disorders — diabetic retinopathy, glaucoma and macular degeneration. It scans the eyes and generates a report in 10 seconds, all done without the need for an ophthalmologist to be present. With an accuracy rate of ...

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BD urges China to make Myanmar create Rohingya repatriation conditions

repatriation

MNA Editorial Desk: Bangladesh on Sunday has sought strong support from China and asked to make Myanmar create conditions for Rohingya repatriation. Foreign Minister Dr AK Abdul Momen on Sunday asked for China’s assistance regarding the matter when Chinese Ambassador to Bangladesh Zhang Zuo met the minister at his office. During her recent visit to Bangladesh, UN’s human rights expert on Myanmar Yanghee Lee said Myanmar is not working to create conditions for the repatriation return of Rohingyas. Instead the country is engaging in a sustained campaign of violence, intimidation and harassment, as per UNB report. Ambassador Zhang said China ...

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China fights lavish weddings & extravagant gifts

weddings

MNA Lifestyle Desk: The Chinese government has taken aim at the wedding industrial complex, calling for a “comprehensive reform” of the country’s increasingly expensive weddings. The ministry of civil affairs has called for an end to “extravagant wedding practices” like expensive wedding gifts, lavish ceremonies, and demands for increasingly high bride prices — money paid by the groom’s family to the bride’s parents. At a conference on wedding reform, officials from the ministry said weddings should “better reflect” the country’s values and goals and implement “Xi Jinping Thought,” the president’s much touted political ideology. Officials called current wedding practices a ...

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US demands regular review on trade reform of China

trade

MNA Business Desk: The United States is pushing for regular reviews of China’s progress on pledged trade reforms as a condition for a trade deal – and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiations to end the trade war between the two nations. A continuing threat of tariffs hanging over commerce between the world’s two largest economies would mean a deal would not end the risk of investing in businesses or assets that have been impacted by the trade war. “The threat of tariffs is not going away, ...

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China to collect samples from moon this year

moon

MNA Science & Technology Desk: China will launch a probe to collect samples from the moon around the end of this year, a space official said on Monday, weeks after Beijing hailed the successful touch down on the far side of the moon. The Chang’e-4 lunar probe landed on Jan 3 and transmitted the first-ever “close range” image of the far side of the moon. China’s National Space Administration applauded the event as a first that “lifted the mysterious veil” of the far side of the moon and claimed it as a major achievement for the country’s ambitious space programme. ...

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Kim visits China posing alarm to US talks

Kim

MNA International Desk: North Korean leader Kim Jong Un is visiting China at the invitation of Chinese President Xi Jinping, only days after warning he may take an alternative path if the United States does not ease sanctions and pressure on his isolated country. The visit, confirmed by North Korean and Chinese state media, will likely lead to Kim’s fourth summit with Xi in the last year and comes amid plans for a second summit with Trump aimed at denuclearising the Korean peninsula. Kim held three summits last year with Xi, his most important ally, before and after summits with ...

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US, China agree to halt new trade tariffs

new trade

MNA Business Desk: US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to halt new trade tariffs for 90 days to allow for talks, the US says. The two men met in Buenos Aires after the G20 summit for their first talks since a trade war erupted this year. China says they agreed not to impose any new trade tariffs after 1 January. At the summit earlier on Saturday, the G20 leaders agreed a joint declaration that notes divisions over trade but does not criticise protectionism. Ahead of the G20, Mr Trump had told US media he ...

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IMF cuts global growth forecast to 3.7%

growth

MNA Business Desk: An upswing in economic risks due to rising trade tensions and debt levels has prompted the International Monetary Fund (IMF) to cut its forecast for world growth for this year and next, reported news agency. With trade growth set to slow sharply amid a trade war between the United States and China, the IMF cut its outlook for global GDP by two-tenths to 3.7 percent for 2018 and 2019, according to the quarterly World Economic Outlook Report issued Monday. The revised estimates includes a worsening outlook for developing economies this year and next compared to the July ...

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China fines Fan Bingbing for tax evasion

tax evasion

MNA Entertainment Desk: China’s taxation authorities fined A-list Chinese movie star Fan Bingbing more than 479 million yuan ($69.74 million) over tax evasion and ordered her to pay back more than 255 million yuan in taxes, reported news agency. Fan appeared in the “X-Men” and “Iron Man” film franchises with more than 62 million followers online in China. She dropped off the radar in June amid reports she was involved in an investigation into tax evasion in the film industry. Her vanishing act sparked wild speculation in China about her fate, including reports she had been detained. A Chinese TV ...

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U.S. seeks North Korea denuclearized by 2021

North Korea

MNA International Desk: The United States said it was ready to recommence discussion with North Korea after Pyongyang pledged on Wednesday to take to pieces its key missile facilities and suggested it would close its main Yongbyon nuclear complex if Washington took indeterminate actions. U.S. Secretary of State Mike Pompeo said he had invited North Korea’s foreign minister to meet in New York next week, with the plan of completing its denuclearization by January 2021, after a Pyongyang summit between the leaders of the two Koreas. The United States appeared keen to seize on commitments by North Korean leader Kim ...

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Trump hits China with another $200b tariffs

tariffs

MNA Business Desk: US president Donald Trump on Monday defied warnings and escalated the trade confrontation with China, hitting the country with tariffs starting next week on another $200 billion in imports and threatening to target even more if Beijing retaliates. Trump said China had refused to change the unfair practices that hurt US businesses and workers. “For months, we have urged China to change these unfair practices and give fair and reciprocal treatment to American companies,” Trump said in a statement. “These practices plainly constitute a grave threat to the long-term health and prosperity of the United States economy,” ...

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Typhoon slams into China after killing 59 in Philippines

Typhoon

MNA International Desk: Typhoon Mangkhut slammed into mainland China late Sunday after leaving a trail of destruction in Hong Kong and Macau and killing at least 59 people in the northern Philippines, reported news agency. The world’s biggest storm this year felled trees and sent skyscrapers swaying in high-rise Hong Kong, injuring more than 200 people there before making landfall on the coast of Jiangmen city, in southern China’s Guangdong province. Provincial authorities said they evacuated a total of 2.37 million people and ordered tens of thousands of fishing boats back to port before the arrival of what Chinese media ...

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Beijing to reject trade talks if Washington imposes tariffs

trade talks

MNA Business Desk: The Chinese government may decline to participate in proposed trade talks with the United States later this month if the Trump administration moves forward with additional tariffs on imported Chinese goods, reported news agency. The US had proposed the talks, but at the same time moved forward with planning additional tariffs on some $200 billion of Chinese products. The report quoted one senior Chinese official saying the country would not negotiate “with a gun pointed to its head.” Other officials who advise the country’s leaders are suggesting China impose limits on the sale of parts and supplies ...

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Rohingya crisis reinforce China-Myanmar bonds

Myanmar

MNA Exclusive Desk: China’s Belt and Road Initiative (BRI) got a high octane boost last week, when Myanmar — facing the heat from the West because of the Rohingya refugee crisis — inked an agreement with Beijing to establish a cross border economic corridor. The 1,700-km corridor will provide China yet another node to access the Indian Ocean. Already Gwadar port — one of the terminal points of the China Pakistan Economic Corridor (CPEC) — has become Beijing’s star gateway to the Arabian Sea. “The China Myanmar Economic Corridor (CMEC) can become a major factor in lifting the economies of ...

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BD to get more tariff reduction under APTA

tariff

MNA Business Desk: The tariff-cut amendment of the Asia-Pacific Trade Agreement (APTA) became effective Sunday, with China’s Ministry of Commerce saying it would facilitate regional economic integration in Asia, according to reports by Xinhua and Global Times. “The amendment will provide member countries new economic impetus, prompt continued trade increases, facilitate economic integration and help further materialise the Belt and Road Initiative,” the ministry said Sunday in an online statement. The six members of APTA – China, India, South Korea, Bangladesh, Sri Lanka and Laos – will slash tariffs by an average of 33 per cent on 10,312 product categories. ...

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EU, China pledge to uphold global trade order

global trade

MNA Business Desk: The European Union and China pledged on Monday to uphold a rules-based global trade system, making an oblique criticism of growing protectionism in Washington despite their own disagreements, reported news agency. The two sides held high-level economic meetings in Beijing as both face rising trade tensions with the United States. Brussels and Beijing recently announced new tariffs on US goods in retaliation for moves by the Trump administration. “Both sides agreed to resolutely oppose unilateralism and protectionism and prevent such practices from impacting the world economy and even dragging the world economy into recession,” said Chinese Vice ...

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Trump imposes tariffs on China

billions

MNA Business Desk: The US President Donald Trump on Friday announced fresh tariffs targeting tens of billions in Chinese imports, reported news agency. The new tariff will sparking immediate retaliation from Beijing and bringing the world’s two largest economies to the brink of an all-out trade war feared by markets and industry. Making good on a pledge to punish the alleged theft of American intellectual property, Trump warned in a statement of “additional tariffs” if China hits back with tit-for-tat duties on American goods and services exports. At least initially, though, the new tariffs will not cover the full $50 ...

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Modi calls for unimpeded trade, access in Indo-Pacific

Modi

MNA Business Desk: Indian Prime Minister Narendra Modi called for equal access at sea and in the air for all Asian countries at a major defence conference on Friday, but avoided singling out China’s claims to the hotly contested South China Sea. Modi outlined his regional vision at the annual Shangri-La Dialogue in Singapore, attended by defence chiefs from over 40 countries, including US Defense Secretary Jim Mattis. The Indian leader’s visit to Southeast Asia, which he described as the centre of a new era of cooperation in a region that spanned the coast of Africa to the US West ...

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China to cut auto tariffs on July 1

auto

MNA Business Desk: China announced that it would cut tariffs on auto imports from July 1, the latest sign of a thaw in trade frictions with the United States. Beijing has announced a flurry of liberalisations and reforms since coming under fire from the Trump administration and some European politicians for its protectionist policies. The planned reduction in import duties from 25 percent to 15 percent is a boon for international carmakers keen to grow sales in the world’s largest auto market but may fall short of fulfilling US President Donald Trump’s expectations that Beijing match US tariffs of 2.5 ...

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China-US agree to abandon trade war

abandon

MNA Business Desk: Washington and Beijing have agreed to abandon any trade war and back off from imposing tariffs on each other, reported news agency. The announcement came after high-level talks in the US capital and followed months of tensions over what president Donald Trump has blasted as an unfair commercial relationship between the two economic giants. Vice-premier Liu He, who led Chinese negotiators in Washington said: “The two sides reached a consensus, will not fight a trade war, and will stop increasing tariffs on each other,” state-run news agency Xinhua reported Sunday. Liu called the agreement a “necessity”, but ...

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China to give $2.6b loan for Padma rail link

Padma Bridge construction site

MNA Business Desk: The loan agreement of Padma rail link project was signed on Friday in Beijing, capital of China, said an official release in Dhaka. The $2.67 billion agreement was signed at Exim Bank of China’s head office at 10.30am (local time of China), reported news agency. Additional secretary of the Economic Relations Division (ERD) M Zahidul Haq and China Exim Bank vice president Sun Ping signed the agreement on behalf of their respective sides. A six-member Bangladesh delegation is now visiting China. Officials from the contractor organizations and Economic Counselor of Bangladesh embassy in China M Jahangir, among ...

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China’s largest trade fair opens

largest trade fair

MNA Business Desk: China’s largest trade fair opened its 123rd session Sunday in south China’s Guangdong Province, attracting more than 25,000 companies as exhibitors. The biannual China Import and Export Fair, also known as the Canton Fair, is considered as a barometer of China’s foreign trade. Xu Bing, the fair’s spokesperson, said buyers from more than 210 countries and regions are expected to attend the fair, with the total number of buyers to level with the previous session. The first phase of the fair, which runs from April 15 to April 19, features products including home appliances, electronics and hardware, ...

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U.S. anticipates talks with China on rise of trade fight

trade

MNA Business Desk: The U.S. expressed willingness on Wednesday to negotiate a resolution to an escalating trade fight with China after Beijing retaliated against proposed U.S. tariffs on $50 billion in Chinese goods by targeting key American imports, but the Chinese ambassador to Washington said it will require willingness of both. Just 11 hours after President Donald Trump’s administration proposed 25 percent tariffs on some 1,300 Chinese industrial, technology, transport and medical products, China shot back with a list of similar duties on major American imports including soybeans, planes, cars, beef and chemicals. Beijing’s rapid and vigorous reaction raised the ...

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North Korean leader Kim visits China

North Korean leader Kim

MNA International Desk: North Korean leader Kim Jong Un has pledged to denuclearise and meet US officials, China said on Wednesday after an historic meeting with President Xi Jinping, who promised China would uphold its friendship with its isolated neighbour. After two days of speculation, China and North Korea both confirmed that Kim had visited Beijing and met Xi during what China’s Foreign Ministry called an unofficial visit to China from Sunday to Wednesday. The China visit was Kim’s first known trip outside North Korea since he assumed power in 2011 and is believed by analysts to serve as preparation ...

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List of passengers aboard US-Bangla flight

US-Bangla

MNA Exclusive Desk: The US-Bangla Airlines flight which crashed at Tribhuvan International Airport in Nepal was carrying 67 passengers – 32 from Bangladesh, 33 from Nepal and one each from China and the Maldives, according to sources at the airlines. They were: Mr Zhang Ming (CHN) Mrs Rizana Abdulla (MDV) Mr Ahmed Foysal(BGD) Ms Shahreen Ahmed(BGD) Mr Eakub Ali (BGD) Mr Alifuzzaman (BGD) Mrs Almun Nahar Annie (BGD) Miss Bilkis Ara (BGD) Mrs Sila Bajgain (NPL) Mrs Begum Hurun Nahar Bilquis Banu (BGD) Ms Algina Baral (NPL) Ms Charu Baral (NPL) Mrs Mst Akhtara Begum (BGD) Mr Md Shahin Bepari ...

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China proposes 3-stage path to resolve Rohingya crisis

Rohingya crisis

MNA Exclusive Desk: China has proposed a three-phase plan for resolving the Rohingya crisis, starting with a ceasefire in Myanmar’s Rakhine State so that refugees can return from Bangladesh, China’s Foreign Ministry said ahead of meeting of European and Asian officials in Myanmar on Monday. The foreign ministers Asia-Europe Meeting, or ASEM, opening in the Myanmar capital Naypyitaw is an important multilateral diplomatic gathering which happens once every two years and is designed to discuss issues between Asia and Europe. The meeting was scheduled to take place in Myanmar before the outbreak of the current crisis. Speaking in Naypyitaw on ...

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