Category Archives: China

UK car industry faces ‘difficult trade-off’ between Chinese and EU markets

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Britain under pressure to put tariffs on cheap Chinese vehicle imports ahead of protectionist trade measures

Britain’s car industry is grappling with a “difficult trade-off” between China and Europe, as manufacturers struggle to balance the benefits of both markets ahead of looming trade measures that could restrict UK exports to the EU.

The UK is an outlier in choosing not to put import taxes on Chinese vehicles, even as the US has shut them out almost entirely, and the EU imposes duties of up to 45%.

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MI5 China alert will send chill through UK’s cash-strapped universities

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Institutions have for years turned to China for funding opportunities but national security concerns are mounting

The security alert issued by MI5 regarding a Chinese state-owned conglomerate accused of conducting espionage in the UK reveals the extent to which British intelligence remains concerned about Beijing’s influence, and risks casting a shadow over UK-China cooperation at a time when the bilateral relationship is enjoying a revival.

The UK’s domestic security service on Wednesday warned researchers and academics to cease work with the China Academy of General Technology (CAGT), an organisation MI5 described as a “significant threat”.

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Trump asked Xi Jinping if China would like to buy US weapons, American ambassador says

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David Perdue’s remarks come after a Taiwanese minister spoke of the ‘severe’ military threat posed by Beijing to the self-ruled island

Donald Trump offered to sell weapons to China while hosting its leader, Xi Jinping, last week, the US ambassador to China said on Sunday.

David Perdue told Fox News on Sunday: “President Trump continues to say, hey, we sell arms to other people around the world. He actually asked President Xi, would he like to buy some at one point.”

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Two giant pandas arrive in Atlanta from China after Xi-Trump summit

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Ping Ping and Fu Shuang to live at Atlanta zoo in Georgia as part of loan deal between Chinese and US governments

Two giant pandas from China arrived in Atlanta, Georgia, on Sunday morning as part of an agreement between the Chinese and American governments.

While in Washington DC for a three-day summit with Donald Trump, Chinese president Xi Jinping announced that the pandas would arrive in Atlanta in the coming days. The loan of the pandas to the Atlanta zoo was one of the few concrete outcomes to come out of Xi’s state visit with the US president, which saw expressions of goodwill between the leaders, but no fixes to any of the longstanding differences between the two countries.

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‘The weaker he gets, the more dangerous he gets’: Trump lashes out as his power wanes

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Trump tries to dominate at the UN as his approval ratings plummet and even some Republicans stray from the script

Donald Trump stood before the United Nations on Tuesday and threatened to “annihilate” Iran. Yet even as the most powerful man on the planet flexed his military muscles, he was powerless to keep the gravitational pull of domestic politics at bay.

Heading into the UN building in New York, the US president was questioned by Kaitlan Collins, an anchor at CNN, which he had banned from the White House before a judge ruled against him. “I’m surprised that CNN is here covering me,” the 80-year-old snapped. “You should not be here covering me.”

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OpenAI hack on Australian government reveals anxiety at heart of global artificial intelligence dilemma

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As the UN warns traditional safeguards are ‘unravelling’, Donald Trump says he will encourage, not restrain, the AI race

When the Australian prime minister, Anthony Albanese, sat down for an interview in the heart of Silicon Valley at the weekend he had known for two days that his was the first government known to have been attacked by a rogue AI agent.

He didn’t reveal the attack then, but he sounded a warning about the march of AI: “the risk is that AI develops in a way in which humans are no longer in control of what AI is producing.”

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Pomp over progress as Trump rolls out red carpet for China’s president Xi Jinping

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While the US president hailed the visit as ‘great’, almost nothing of substance was achieved, which was a win for Xi

If the Beijing meeting between Donald Trump and Xi Jinping in May was the “stalemate summit”, the second round of talks between the presidents of the US and China this week seemed to give up entirely on the idea of breakthroughs.

Instead, it was dubbed a celebration of “diplotainment” rather than diplomacy, where pomp prevailed over progress, and where one of the main outcomes was the news that two giant pandas would soon be sent from China to the Atlanta Zoo.

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Trump swoons over strongman soulmate Xi – are you feeling jealous, Vladimir?

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Deference was deafening as US president rolled out red carpet for world’s biggest jailer of journalists – perhaps he was seeking tips

One is an authoritarian who represses the media with a strong allergy to democratic elections. The other is head of the Chinese Communist party.

Donald Trump welcomed the Chinese president, Xi Jinping, to the White House on Thursday, setting the stage for a scene quite unlike anything the august old building has seen over more than two centuries.

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France says EU’s ‘Made in Europe’ law should not include the UK

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‘If you’re not in the internal market, you don’t get the same protection,’ says French minister of policy designed to curb Chinese competition

France is leading a push to exclude the UK from the EU’s “Made in Europe” policy that could result in British companies losing out in the race to supply European countries with low-carbon technologies and electric cars.

The plans were raised by Andy Burnham when he met the European Commission president, Ursula von der Leyen, on the sidelines of the UN general assembly earlier this week.

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At Trump meeting, Xi Jinping lays out terms to avoid US-China military conflict

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Chinese president’s proposals for lessening tensions come amid period of intense competition between the two countries over AI and trade

Xi Jinping has called for extensive cooperation with Washington to avoid the “Thucydides trap” that could put the US and China on a military collision course amid rising tensions over artificial intelligence, trade and Taiwan.

At the start of his summit meeting with Donald Trump in the White House, the Chinese president laid out terms for a mutual understanding that he said could steer the two competing superpowers away from future military conflict and on to a road of mutual gain.

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Six-year-old Chinese girl ‘sets new women’s Rubik’s Cube world record’

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Lian Yunzhi solves 3x3 puzzle on several occasions in average time of under 4.5 seconds, according to state media

A six-year-old Chinese girl has set a new women’s world record for solving a Rubik’s Cube in just over four seconds, state media reported.

“Speedcuber” Lian Yunzhi broke the women’s 3x3 average world record twice this month at two World Cube Association certified competitions in Wuhan and Guangzhou, according to state broadcaster CCTV on Monday.

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Australia investigating how F-35 fighter jet parts bound for US went missing in Hong Kong

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Disappearance of jet components sparks concern some of the program’s technology secrets could have been exposed

The Department of Defence is examining how F-35 fighter jet parts bound for the US from Australia were unexpectedly diverted to Hong Kong, the acting prime minister, Richard Marles, has said.

Marles said “very much everything that has occurred at the Australian end” would be reviewed, but claimed the technology parts were not “sensitive”, as first reported by Politico over the weekend.

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Europe must build own AI or risk getting cut off by US or China, says ECB’s Lagarde

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Central bank chief says continent’s AI dependency could give trade partners unprecedented leverage in negotiations

Europe must develop its own AI technology and build more datacentres in order to nullify the threat of being cut off by the US or China, according to the president of the European Central Bank.

Christine Lagarde said the continent needed AI models – the technology that powers AI tools such as chatbots – that were “good enough” to carry out most tasks and run from domestic datacentres. If Europe invests in its own AI tech, said Lagarde, “the threat of being cut off loses its force”.

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Xi Jinping gets red carpet at Brics summit amid thaw in India-China relations

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Chinese president’s arrival in Delhi seen as step towards reconciliation after deadly 2020 military clash

The Chinese president, Xi Jinping, has received a red-carpet welcome in India for a summit of Brics developing nations, as regional rivals Beijing and Delhi make a public display of thawing relations while quietly competing to lead at a time of shaky US global dominance.

As Xi stepped off the plane, he was walked past an honour guard of Indian soldiers and traditional dancers in colourful dresses. Later on Saturday, he was due to attend a gala dinner for the two-day summit.

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China prepares £40bn stimulus for financial sector amid fears over sluggish growth

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Beijing wants banks and insurers to bolster investment in stock market as it helps to replenish cash reserves

China will inject $54bn (£40bn) into its financial sector as Beijing attempts to shore up banks and insurers in the face of faltering economic growth.

A host of financial institutions said they were due to receive billions of yuan in capital from state institutions including the ministry of finance and even the company that runs the country’s tobacco monopoly.

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No bailouts for Jaguar Land Rover amid reports of thousands of job cuts, says minister

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Carmaker, which is battling Trump tariffs and Chinese competitors, faces talks with union leaders and government

The government has signalled that it will not invest taxpayers’ money to limit job losses at Jaguar Land Rover (JLR), after it emerged that the UK’s biggest carmaker is planning up to 4,000 redundancies.

Before crunch talks on Tuesday between JLR, union leaders and government officials, the business secretary, Jonathan Reynolds, said it was not his job to “intervene and run businesses”.

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Rescuers in Nepal find two more people alive after flash flood disaster

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Chinese man at Trishuli hydropower project and Nepali woman in Nuwakot found 10 days into rescue operation

Emergency responders have rescued a Chinese man and a Nepali woman in two separate operations as authorities continued to search for thousands of people missing 10 days after massive floods hit Nepal.

The Nepali military said on Saturday a joint team comprising personnel from its army and South Korean disaster experts rescued the man from a 225-metre (740ft) tunnel in the Upper Trishuli-1 hydropower project, and that he was undergoing a health assessment. Pictures showed him being evacuated by helicopter after being carried out of the tunnel.

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China’s falling emissions amid Iran war spark hope of decarbonisation watershed

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Oil consumption plummets and EV sales soar as analysts say demand may not fully return even if crude price falls

China’s carbon dioxide emissions fell by 1% after the outbreak of the US-Israeli war on Iran, thanks to a sharp reduction in oil consumption and a steady rise in the use of electric vehicles and public transport, analysis shows.

The report reveals the role of clean energy in cushioning the price shocks caused by the strait of Hormuz crisis to the world’s biggest oil importer. It also reinforces hopes that China, which is the world’s biggest greenhouse gas emitter, may be nearing a turning point in decarbonising its economy.

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Shein shares slide on fast-fashion retailer’s stock market debut

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Hong Kong flotation at $26bn by firm once valued at $100bn follows failure to list in US and UK

Shares in the fast-fashion brand Shein slumped by as much as 10% as the China-founded company made its long-anticipated trading debut on the Hong Kong stock exchange.

The Singapore-headquartered company, once valued at almost $100bn (£74bn), went public on Tuesday pricing shares at HK$48.56, valuing the business at just over $26bn.

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Nepal-Tibet deaths from flash flooding rise amid race to free workers in tunnel

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Total of 804 confirmed dead and more than 3,000 missing amid threat of fresh inundation

Rescuers in Nepal and Tibet have battled through leg-sucking mud amid the threat of fresh flooding to search for thousands of people still missing after a deadly wall of water swept through the Himalayan border zone, engulfing entire villages.

The latest updates on Sunday put the number of missing at 3,048, including hundreds of foreigners. There was a total of 804 confirmed deaths across Nepal and Tibet, and reports of some bodies swept downstream possibly as far as India.

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