China

Major Markets Tumble On Heightened Recession Fears

Global equities, oil prices and bitcoin plunged Monday on heightened recession fears triggered by runaway inflation.The dollar, however, gained versus major rivals, benefiting from its status as a haven investment and expectations of aggressive interest-rate hiking from the Federal Reserve (Fed).Bond yields also rose, with 10-year United States (US) Treasuries above 3.3 percent and Italy's 10-year debt breaking four percent for the first time in more than eight years.The US currency stru

14 June 2022
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China To Fight Taiwan Independence At All Cost

China will "fight to the very end" to stop Taiwanese independence, the country's defence minister vowed Sunday, stoking already soaring tensions with the United States (US) over the island.The superpowers are locked in a growing war of words over the self-ruled, democratic island, which Beijing views as part of its territory awaiting reunification.Frequent Chinese aircraft incursions near Taiwan have raised the diplomatic temperature, and on Saturday US Defense Secretary Lloyd

13 June 2022
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US Blasts China's 'Destabilising' Acts Near Taiwan

United States (US) Defense Secretary Lloyd Austin on Saturday blasted China's "provocative, destabilising" military activity near Taiwan, as well as Beijing's growing aggression across the wider Asia-Pacific region.Tensions between Washington and Beijing are soaring over democratic, self-ruled Taiwan, which China views as its territory and has vowed to seize one day, by force if necessary.Beijing has conducted dozens of incursions into Taiwan's air defence zone this y

12 June 2022
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China Will 'Not Hesitate To Start War' Over Taiwan

Beijing will "not hesitate to start a war" if Taiwan declares independence, China's defence minister warned his United States (US) counterpart Friday, the latest salvo between the superpowers over the island.The warning from Wei Fenghe came as he held his first face-to-face meeting with US Defence Secretary Lloyd Austin on the side-lines of the Shangri-La Dialogue security summit in Singapore.Beijing views democratic, self-ruled Taiwan as its territory and has vowed to one day

11 June 2022
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What China Wants At Cambodia’s Biggest Naval Base

At a ceremony this week, Cambodian and Chinese officials proclaimed their friendship as they announced a new construction project. Holding spades decorated with red bows, they turned over soil to signal the start of building work at Cambodia’s biggest naval base, Ream.

10 June 2022
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COVID Origins: WHO Says More Research Must Be Done

Health experts say further research is needed to determine how COVID-19 first began – including a more detailed analysis of the possibility it was a laboratory accident.That stance by the World Health Organization (WHO) expert group marks a sharp reversal of the United Nations (UN) health agency’s initial assessment of the pandemic’s origins, when it concluded last year that it was “extremely unlikely” that COVID-19 might have spilled into humans from a lab. In a report released on T

10 June 2022
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Can Nuclear Energy Make A Comeback?

Nuclear power has been in decline since the Fukushima disaster in Japan more than a decade ago, but it may be poised for a comeback. Russia’s invasion of Ukraine and soaring natural-gas prices have led some to argue that nuclear energy can help solve the twin challenges of energy security and climate change. Is the industry back in business, or will this prove to be another false dawn? Until recently, nuclear power’s prospects seemed poor.

9 June 2022
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China Has ‘Swarm’ Ambitions With New Drone Carrier

Officially it is just a research vessel, but China's newly unveiled drone carrier is a clear sign Beijing is rushing to deploy an autonomous swarm of unmanned devices in its push for military supremacy in the Pacific Ocean.State media last month showed the launching of the Zhu Hai Yun – "Zhu Hai Cloud" – capable of transporting an unspecified number of flying drones as well as surface and submarine craft, and operating autonomously thanks to artificial intelligence.The 89-metre

8 June 2022
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Cambodia, China Deny Naval Base Reports

Cambodia and Beijing on Tuesday denied a report that they are building a secret naval facility for the Chinese fleet, as Australia's new prime minister voiced concern and called for transparency.The Washington Post, citing unnamed Western officials, said a new facility at Cambodia's Ream base – strategically located on the Gulf of Thailand – was being built for the "exclusive" use of the Chinese navy.The base has been a running sore spot in United States (US)-Cambodian rel

8 June 2022
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Australia PM And Jokowi Ride Bikes, Hold Talks

Australia's new prime minister and Indonesia's president rode bamboo bicycles together on Monday as they held talks to boost ties, as Canberra embarks on a diplomatic charm offensive aimed at countering China's growing assertiveness in the region.Anthony Albanese hailed relations with Indonesia and vowed to strengthen them on his first bilateral trip since being elected last month, heading to Southeast Asia's biggest economy in what has become a traditional tour for new Au

7 June 2022
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Stock Prices Rise On Boost From China

Global stock markets advanced on Monday, driven by an easing of COVID lockdowns in the world's second-biggest economy, China.London's stock market, reopening after a British public holiday to mark Queen Elizabeth II's Platinum Jubilee, shrugged off news that embattled British Prime Minister Boris Johnson was to face a confidence vote from MPs in his own conservative party.Elsewhere, eurozone stocks also closed higher ahead of a European Central Bank (ECB) meeting Thursday when

7 June 2022
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How China Plans To Become The Next Big Space Power

Three Chinese astronauts have begun a six-month mission, to work on the country's new space station.It is China's latest step towards making itself a leading space power for the decades ahead.What Is The Tiangong Space Station?Last year, China put into orbit the first module of its Tiangong or "Heavenly Palace" space station. It plans to add more modules, such as the Mengtian science lab, by the end of the year.Next year, it will launch a space telescope, called Xuntian.

6 June 2022
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