Month: April 2024

The European Commission released a statement saying it was “carrying out unannounced inspections at the premises of a company active in the production and sale of security equipment in the EU”. However, it did not provide details of the company name, nationality or details on the sector in which it was involved. “The commission has indications that the inspected company may have received foreign subsidies that could distort the internal market pursuant to the foreign subsidies regulation,” the statement read. It added that they were “accompanied by their counterparts from…

“The United States is stubbornly advancing its strategy to contain China and continues to adopt wrong words and deeds that interfere in China’s internal affairs, smear China’s image, and harm China’s interests.” Blinken’s visit – from Wednesday to Friday – comes as the US has aired growing concerns over China’s industrial overcapacity. 02:22 US Treasury chief Janet Yellen leaves China after ‘difficult conversations’, overcapacity gripes US Treasury chief Janet Yellen leaves China after ‘difficult conversations’, overcapacity gripes Earlier this month, US Treasury Secretary Janet Yellen pressed her Chinese counterparts on…

Despite souring relations, there is still great potential for China and the European Union to boost their agri-food trade, the EU’s chief agricultural official said while urging Beijing to increase its purchases from Ukraine. Janusz Wojciechowski, the EU agriculture commissioner, said on Monday that he intends to reduce trade barriers and encourages both sides to remain open to each other’s agricultural products even as other industries grow fractious, most notably electric vehicles. “Food products should be excluded from problems in other sectors. Open food trade is very important for food…

While the video does not identify the type of missile or submarine, nationalist tabloid Global Times on Monday said the missile in the video is the JL-2 submarine-launched ballistic missile (SLBM), which was displayed for the first time during a Chinese military parade in 2019. While the Chinese navy’s video does not identify the type of missile seen fired from a submarine, nationalist tabloid Global Times said it is the JL-2 submarine-launched ballistic missile. Photo: Handout With a range of 7,400km (4,600 miles), the JL-2 became China’s first credible sea-based…

China should dial down its “extreme” emphasis on national security and keep foreign companies in mind when crafting industrial policy to give them the incentive to expand their presence in its market, a US business lobby has said. In a 600-page document featuring numerous policy reviews and recommendations, the American Chamber of Commerce in China called for the country to allow foreign organisations to compete on a level playing field with domestic firms and clarify how the country’s national security laws apply to business. “As much as China wants to…

Previously the worst affected areas were in the north of the province, with floods and landslides displacing more than 110,000 people along the Bei River, a tributary of the Pearl River. State news agency Xinhua said the Bei had recorded its highest levels in over 50 years years on Monday, although the floodwaters have now started to recede, according to Guangzhou-based news site dayoo.com. The National Meteorological Centre said the rain would lessen on Tuesday evening and Wednesday, but warned there would be further storms later in the week which…