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China Revives Stock Rally As Investors Anticipate U.S. Inflation Data

10 Oct 2024

Chinese stocks experienced a resurgence on Thursday, bolstered by expectations surrounding a briefing from finance officials this weekend, which is anticipated to unveil fiscal stimulus measures. As the dollar remains near a two-month peak ahead of a crucial U.S. inflation report, market sentiments are shifting. In the early hours of...

Why China Accuses Taiwan President William Lai Of Escalating Hostility?

09 Oct 2024

Beijing has accused Taiwan's leader, William Lai Ching-te, of increasing tensions following his recent statements claiming that the People’s Republic of China cannot be considered Taiwan's motherland. Zhu Fenglian, a spokeswoman for the mainland's Taiwan Affairs Office, asserted that Lai was attempting to mislead and intimidate the people of Taiwan,...

Taiwan Detects 12 Chinese Aircraft and 8 Naval Vessels in Recent Operations

09 Oct 2024

Taiwan's Ministry of National Defence (MND) has said that 12 Chinese military aircraft, eight naval vessels, and one official ship were detected operating around Taiwan in the past 24 hours until 6 am (local time) on Wednesday. Out of the 12 aircraft belonging to the People's Liberation Army (PLA), nine...

China Imposes Tariffs on European Brandy, Sparking Trade Dispute with the EU

09 Oct 2024

China has introduced new taxes on imports of European brandy, a move France views as retaliation for the European Union's (EU) recent decision to impose heavy tariffs on Chinese-made electric vehicles (EVs). The European Commission criticized China's move, labeling it an "abuse" of trade defense measures and promising to challenge...

Middle East Conflict Keeps Markets Nervous Ahead Of China’s Reopening

08 Oct 2024

Global stocks opened cautiously on Tuesday as elevated oil prices reflected growing concerns over the escalating conflict in the Middle East, all while anticipation builds for China’s reopening following a lengthy holiday. The benchmark 10-year U.S. Treasury yield remained above 4% during early trading in Asia, driven by a strong...

Karachi Airport Explosion: 2 Chinese Workers Killed, Others Injured

07 Oct 2024

A devastating explosion outside Karachi Airport in Pakistan on Sunday night resulted in the deaths of two Chinese workers and left at least eight others injured. The blast, which occurred around 11 PM, has raised serious concerns about the safety of foreign nationals in the country, particularly those involved in...

EU’s Push For Tariffs On Chinese EVs Faces Backlash From Member States

06 Oct 2024

The European Union's proposal for tariffs on Chinese electric vehicles (EVs) has faced significant backlash from both member states and leaders in the automotive industry, who warn that such measures could ultimately harm the EU’s competitiveness. While the European Commission claims to have garnered necessary support from member states, 12...

Philippines Slams China’s Attack On 10 Vietnamese Fishermen, Says ”We strongly…”

04 Oct 2024

Amid Escalating tensions in south china sea, Philippines has recently slammed violent actions of Chinese maritime authorities against Vietnamese fishermen near the Paracel Islands on September 29, 2024. Issuing a statement condemning China's actions, Philippines National Security Adviser, Secretary Eduardo M. Año said "We strongly denounce the violent and illegal...

European Union Countries Impose Duties On Electric Vehicle Imports From China

04 Oct 2024

European Union countries have decided to impose duties on electric vehicle imports from China, as discussions continue between Brussels and Beijing to reach a resolution before the end-of-October deadline. Electric vehicles have emerged as a significant point of contention in a broader trade dispute concerning the impact of Chinese government...

While China Marks 75th Foundation Day, Economic Struggles Persist

02 Oct 2024

Even as the Communist Party of China (CCP) recently celebrated the 75th edition of the country's foundation day, the current situation of the country is far from what is being portrayed by the CCP, and the country continues to struggle in gaining economic momentum. Economic Challenges China currently faces several...