According to China’s deputy foreign minister, a peaceful resolution and the cessation of hostilities would be more beneficial to Beijing’s interests than the ongoing conflict between Russia and Ukraine. A Ukrainian diplomat on Sunday said China pursues its own interests, but could bring about peace with regard to the ongoing Russia-Ukraine war through its mediation […]
In May’s first half, the uncrewed cargo craft Tianzhou-6 will be delivered to China’s space station. Prior to the supply ship’s arrival, the currently docked Tianzhou-5 will depart from the station, opening up the docking hatch to receive the new cargo ship. Tianzhou-5 is scheduled to be deorbited, taking a destructive plunge into Earth’s atmosphere. […]
Effective immediately, China’s central bank has issued instructions for the interest rate Swap Connect program linking Hong Kong and mainland China. This move was announced on Friday in Beijing. The move marks another step in the opening up of China’s capital markets as it will allow foreign investors to access onshore interest rate derivatives and […]
China and ten Southeast Asian countries, collectively known as the Association of Southeast Asian Nations (ASEAN), have signed a free trade agreement that is expected to boost trade and economic cooperation in the region. The agreement, called the Regional Comprehensive Economic Partnership (RCEP), was signed at a virtual summit attended by leaders from all participating […]
China has passed a recently updated anti-espionage law while their President, Xi Jinping, aims to enhance national security amidst various conflicts with the United States The law was approved during a Standing Committee meeting of the National People’s Congress (NPC) on Wednesday, and will take effect on July 1, according to a notice on the NPC website. Mr Xi has used his decade in power to emphasise security concerns as friction with the US increased over issues including Taiwan, the treatment […]
SUDAN-Crises; Chinese embassies in Egypt, Ethiopia, and Eritrea are closely monitoring the security situation, and have sent assistance teams along the border ports to assist Chinese nationals seeking to evacuate from Sudan amid escalating conflict in the country. Mao Ning, a spokesperson for the Chinese Foreign Ministry, emphasized on Tuesday that the Central Committee of […]
The relations between the US and China have soured since Russia’s complete invasion of Ukraine. Xi Jinping’s reluctance to openly criticize Russian aggression and cut ties with Putin has led to a fresh crisis in Sino-US relations. The two nations’ amicable high-level diplomatic interactions have virtually ceased, and the language used in political and media circles, both in China and the U.S., has become increasingly bitter. Vladimir Putin, who aspires to befriend Beijing against the West, stands to benefit from this. However, European diplomacy could thwart the Kremlin’s plans, as explained […]
Since the Indian and Chinese militaries have been engaged in a three-year standoff in eastern Ladakh, it will mark the first visit by a Chinese defense minister to India. Beijing: Chinese defence minister Li Shangfu will visit India this week to attend the Shanghai Cooperation Organisation’s (SCO) defence ministers’ meeting to be held in New Delhi on April 27 and 28, the Chinese defence ministry announced on Tuesday. It will be the first visit by a Chinese defence minister to India since Indian and […]
The sovereignty of certain nations was recently questioned by a Chinese Ambassador. Following recent statements by a Chinese envoy who questioned the sovereign status of former Soviet countries, a spokesperson of the Chinese foreign ministry clarified that China respects the sovereignty of these nations. The spokesperson added that China was among the first nations to establish relations with the newly created countries. This clarification from Beijing came after the controversial remarks made by the Chinese envoy during an interview with French television. TASS agency quoted Mao Ning, a spokesperson of the Chinese Foreign Ministry as saying, “Since the inception of diplomatic relations, China has always adhered to the principle of mutual respect and equal treatment while fostering bilateral relations of friendship and cooperation. China respects the sovereign status of the republics that were founded after […]
On Monday, the China Foreign Exchange Trade System reported that the central parity rate of the Chinese currency Renminbi, also known as Yuan, has weakened 83 pips to 6.8835 against the US Dollar. It is important to note that in China’s spot foreign exchange market, trading of yuan is allowed to fluctuate up to two percent from the central parity rate each trading day. The central parity rate of the yuan against the dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. NAN
