Tag Archives: China

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 ...

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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, ...

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BD wants China, Russia, India, Japan to help resolve Rohingya issue: PM

China, Russia

MNA Exclusive Desk: Prime Minister Sheikh Hasina on Monday said Bangladesh expects China, Russia, India and Japan to play a major role in resolving the Rohingya crisis. ‘We expect China, Russia, India and Japan to play a major role in resolving the crisis,’ she said. The Prime Minister said this while the visiting UNSC delegation, led by its President Gustavo ...

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China to give $2.6b loan for Padma rail link

Padma rail link

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 ...

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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 ...

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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 ...

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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 ...

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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) ...

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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 ...

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US, Chinese firms sign $9b deals

deals

MNA Business Desk: US and Chinese companies signed nearly 20 deals worth a total $9 billion on Wednesday at the start of president Donald Trump’s state visit to Beijing. US commerce secretary Wilbur Ross and Chinese vice premier Wang Yang oversaw a signing ceremony at the Great Hall of the People but they did not immediately give details about the ...

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China to take 70 percent stake in strategic port in Myanmar

percent stake

MNA Business Desk: China has agreed to take a 70 percent stake in a strategically important sea port in Myanmar, at the lower end of a proposed range amid local concerns about Beijing’s growing economic clout in the country, a senior government official said. Oo Maung, vice chairman of a government-led committee overseeing the project, said Myanmar had pushed for ...

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China welcomes ‘attacks on Rohingya Muslims’

welcomes

MNA Exclusive Desk: China’s foreign minister Wang Yi said China welcomes the measures taken by Myanmar’s government to alleviate the situation in Rakhine state. Wang made the comments in New York on Thursday on during a meeting on the sidelines of the annual United Nations General Assembly with Myanmar officials, according to a Foreign Ministry statement. More than 400,000 Muslim ...

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Global recovery on firmer footing: IMF

recovery

MNA Business Desk: The global economic recovery is on firmer footing as improving growth in China, Europe and Japan offset downward revisions for the United States and Britain, the International Monetary Fund said Sunday. However, wage growth remains sluggish which risks increasing tensions that have pushed some countries toward more anti-global policies, while efforts to erode financial regulations put in ...

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China shuts down 3,918 illegal websites

illegal websites

MNA Science & Tech Desk: A total of 3,918 illegal websites were shut down by China’s internet watchdogs from April to June, the Cyberspace Administration of China (CAC) has said. The websites included those that published content that jeopardized national security, and those that spread violence, vulgarity or unfounded rumours, according to the CAC statement on Saturday, news agency reported. ...

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China ready to attack India

ready

MNA International Desk: Samajwadi Party leader and former defence minister Mulayam Singh Yadav on Wednesday claimed that China was ready to attack India in collaboration with Pakistan and asked the government to reverse its stand on the Tibet issue and support its independence. Raising the matter in the Lok Sabha against the backdrop of tension between India and China, he ...

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Apple unveils iCloud data centre in China

accessible

MNA Science & Tech Desk: Apple has unveiled plans to build a data centre in China to store its local iCloud customers’ personal details, marking the first such move by a foreign technology firm following the imposition of strict new cyber-security laws in the country. The US titan said it was partnering with an internet service provider in southwestern Guizhou ...

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Oppo eyes global market after toppling Apple

Oppo

MNA Science & Technology Desk: With its army of salespeople and vast network of outlets, Oppo has exploded in popularity to overtake global giants Apple and Samsung in China’s market — and now it has its eye on the West. Oppo began life selling DVD players in the in the southern manufacturing hub of Dongguan a little more than a ...

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Shipping Corporation to get 6 new ships

Shipping Corporation

MNA Business Desk: Six new ships will be added with Bangladesh Shipping Corporation (BSC) by 2018, said an official release in Dhaka on Sunday. The ships would be bought from China National Import and Export Machineries Corporation (CMC) at a cost of Taka 1,843 crore (Tk 18.43 billion). “Each ship will have 39,000 tonnes capacity. The six ships – three ...

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China, Russia veto UN resolution over Syria sanctions

sanctions

MNA International Desk: Russia and China on Tuesday vetoed a Western-backed UN resolution that would have imposed sanctions on Syria over chemical weapons use; in the first clash at the Security Council since US President Donald Trump took office. The twin vetoes came as peace talks in Geneva showed no signs of progress on ending the nearly six-year war in ...

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China firm in agreement to buy Chevron’s Bangladesh gas fields

gas fields

MNA Business Desk: China’s state-run Zhenhua Oil has signed a preliminary deal with Chevron to buy the U.S. oil major’s natural gas fields in Bangladesh that are worth about $2 billion, two Beijing-based Chinese oil executives said. Zhenhua is a subsidiary of China’s defence industry conglomerate NORINCO. A completed deal would mark China’s first major energy investment in the South ...

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8 killed in knife attack in China’s Xinjiang region

Xinjiang region

MNA International Desk: Eight people were killed in China’s far western Xinjiang region, including three knife-wielding assailants, in the latest outbreak of violence in the volatile territory, authorities said Wednesday. Ten other people were injured in the attack Tuesday evening in Pishan county, according to an announcement issued by the government of the nearby city of Hotan. Police sped to ...

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BMW to recall 200,000 cars in China

BMW

MNA Business Desk: German luxury carmaker BMW will recall nearly 200,000 vehicles in China because of flawed airbags, according to the country’s quality regulator and the company, reported news agency. Some 168,861 imported cars produced between December 2005 and December 2011, and 24,750 vehicles produced locally between July 2005 and December 2011 will be recalled, stated China’s General Administration of ...

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Bangladesh-China Relations: Economic opportunities boosted by strategic cooperation

relations

MNA Editorial Desk: Bangladesh-China relations has come out as a strategic movement in South Asia in recent days. For centuries, we have seen power shifting from one end of the world to the other and for the last two decades, the United States has positioned itself as the biggest super power. After the contravention of USSR, no countries could actually ...

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China to provide loan for BSC

BSC

MNA Business Desk: The China government will provide $184.50 million concessional loan to Bangladesh for procuring six vessels for BSC (Bangladesh Shipping Corporation) from China. The Chinese have already planned the drafts of the framework agreement along with the Chinese Government Concessional Loan (CGCL). The six vessels, including three oil tankers, and three bulk carriers, each with 39,000DWT capacity in ...

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China will host international football tournament

China

MNA Sports Desk: China will host a yearly international football tournament, with different national teams participating, opening from next year, entertainment and property corporation Dalian Wanda Group said Wednesday. The statement comes as Chinese Companies quick up foreign players and clubs as the country upsurges its effect on the international game. The FIFA-approved ‘China Cup’ will start in January 2017 ...

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Apple retake in China

Apple prospected that it can retake its online iTunes and iBooks services in China though they were closed down at the seven month of its launching. According to the report of The New York Times on Thursday, Apple’s online movie and book stores initially received government approval but were blocked last week on orders from the broadcasting regulator, the State ...

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Will new iPhone face challenge in China and India?

Apple’s new iPhone SE is being introduced and immediately the questions come that, will new iPhone face challenge in China and India? Apple Inc.’s has introduced their new product iPhone SE and it has first class features and a relatively lower price. Despite that, its prospects in key markets like India and China could be limited by its smaller size ...

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