During talks between Chinese leader Xi Jinping and Russian President Vladimir Putin, both leaders concurred on the imperative for a "political solution" to the conflict in Ukraine. Meeting in Beijing during the Russian president's visit, the two heads of state also signed a joint declaration.

In a press conference aired by Russian media, Xi said,&nbsp;"Both sides agree that a political solution to the Ukraine crisis is the correct direction."&nbsp;This comes as West is concerned that China is bolstering Russia's economy and supplying weapons components for the conflict in Ukraine.

Russian President Vladimir Putin on Thursday (May 16) said that closed military-political partnerships in the Asia-Pacific region were "harmful".&nbsp;

During a press briefing, Putin said,&nbsp;"It is necessary to work towards building a reliable and appropriate security architecture in the Asia-Pacific region, in which there is no place for closed military-political alliances. We believe they are very harmful and the creation of such alliances is counterproductive."&nbsp;Putin is currently on a two-day state visit.

Also Read |&nbsp;<a href="https://www.wionews.com/world/putin-arrives-in-china-in-first-overseas-trip-since-russia-re-elects-him-in-march-721897">Russia-China ties 'conducive to peace': Xi tells Putin</a>

This year marks the 75th anniversary of diplomatic ties between Russia and China. "Rising economic ties between Russia, China exemplify mutual&nbsp;development," Xi said.

The Chinese President also commented on the ongoing Israel-Hamas war in Gaza and endorsed the need for an Independent&nbsp;Palestine.&nbsp;

"Today's world still suffers from cold War mentality, threats&nbsp;to&nbsp;peace... War in Gaza must be resolved with recognition of Independent&nbsp;Palestine," Xi said.&nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/world/slovak-pm-robert-fico-not-in-life-threatening-situation-dy-pm-gives-update-721901">Slovak PM Robert Fico 'not in life-threatening situation': Dy PM gives update</a>

While Putin, in a statement that demonstrates close Russia-China relationship, said that he remains in constant contact with Xi to discuss and control "difficult matters".

<h2>China-Russia expanding ties&nbsp;&nbsp;</h2>

Meanwhile, Putin said that Rosatom, Russia's nuclear energy company, is collaborating with China to develop units and enhance&nbsp;China's energy infrastructure. Russia and China are also jointly working on international transport corridors to strengthen connectivity. The two nations continuously&nbsp;hold cultural exchange programs to deepen ties, while educational and scientific partnerships are also expanding between the two nations.

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Xi said the China-Russia ties are 'conducive to peace', while, in a similar statement, Putin stated that the ties between the two nations are 'stabilising' for world."&nbsp;

(With inputs from agencies)

During talks between Chinese leader Xi Jinping and Russian President Vladimir Putin, both leaders concurred on the imperative for a "political solution" to the conflict in Ukraine.

During talks between Chinese leader Xi Jinping and Russian President Vladimir Putin, both leaders concurred on the imperative for a "political solution" to the conflict in Ukraine. Meeting in Beijing during the Russian president's visit, the two heads of state also signed a joint declaration. In a press conference aired by Russian media, Xi said, "Both sides agree that a political solution to the Ukraine crisis is the correct direction." This comes as West is concerned that China is bolstering Russia's economy and supplying weapons components for the conflict in Ukraine. Russian President Vladimir Putin on Thursday (May 16) said that closed military-political partnerships in the Asia-Pacific region were "harmful". During a press briefing, Putin said, "It is necessary to work towards building a reliable and appropriate security architecture in the Asia-Pacific region, in which there is no place for closed military-political alliances. We believe they are very harmful and the creation of such alliances is counterproductive." Putin is currently on a two-day state visit. Also Read | Russia-China ties 'conducive to peace': Xi tells Putin This year marks the 75th anniversary of diplomatic ties between Russia and China. "Rising economic ties between Russia, China exemplify mutual development," Xi said. The Chinese President also commented on the ongoing Israel-Hamas war in Gaza and endorsed the need for an Independent Palestine. "Today's world still suffers from cold War mentality, threats to peace... War in Gaza must be resolved with recognition of Independent Palestine," Xi said. Also Read | Slovak PM Robert Fico 'not in life-threatening situation': Dy PM gives update While Putin, in a statement that demonstrates close Russia-China relationship, said that he remains in constant contact with Xi to discuss and control "difficult matters". China-Russia expanding ties Meanwhile, Putin said that Rosatom, Russia's nuclear energy company, is collaborating with China to develop units and enhance China's energy infrastructure. Russia and China are also jointly working on international transport corridors to strengthen connectivity. The two nations continuously hold cultural exchange programs to deepen ties, while educational and scientific partnerships are also expanding between the two nations. Watch | Netherlands set for right-wing government after Wilders strikes deal × Xi said the China-Russia ties are 'conducive to peace', while, in a similar statement, Putin stated that the ties between the two nations are 'stabilising' for world." (With inputs from agencies)

Xi Jinping, Putin advocate 'political solution' to Ukraine war

Russian President Vladimir Putin was greeted by Xi Jinping in a grand welcome ceremony at the square outside the Great Hall of the People. Xi then led Putin on a walk around the square, after which the duo had meeting in the Great Hall. Watch in for more details!

Xi Jinping hails ties with Russia as conducive to peace, says 'China ready to work with Russia'

Russian President Vladimir Putin is in the China on his first foreign visit after being re-elected and sworn in as Russia’s president. The Russian president has brought a large delegation consisting of five deputy prime ministers, heads of economic, diplomatic and security agencies - along with a number of CEO's. There will also be a closed door meeting with Xi - in the ‘1+4 format’ - what to expect? What's on the cards?

Russia President Putin on a two-day state visit to China, Ukraine war & trade dominate talks

Watch top headlines of the hour: - Beijing: Xi and Putin 'rejuvenate' ties - Charles' 'Blood Red' portrait divides internet - UK eyes financial reforms - Russia makes biggest Ukraine gains - 'China-Russia ties stabilising for world'

Russia makes biggest Ukraine gains | 'China-Russia ties stabilising for world'

China on Wednesday (May 15) allowed visa-free entry for foreign tour groups that come to the country via cruise ships. Citing the National Immigration Administration, a report by Bloomberg said that overseas tour groups on cruise boats will be able to enter and stay in China without a visa for up to 15 days.

China on Wednesday (May 15) allowed visa-free entry for foreign tour groups that come to the country via cruise ships. Citing the National Immigration Administration, a report by Bloomberg said that overseas tour groups on cruise boats will be able to enter and stay in China without a visa for up to 15 days. This measure has been introduced by Beijing in a further bid to attract international visitors and boost its sluggish inbound travel market. Addressing a press conference, Mao Xu, a senior official with the immigration administration, said that tour groups can enter China from 13 ports including Shanghai, Qingdao, Dalian and Haikou. Also read | Japan rolls out e-visas for Indian tourists. All you need to know "Qualifying tour groups need to be received and handled by domestic travel agencies and will be allowed to travel to coastal provinces as well as Beijing, while they are in China," Mao added. The advantages Mao told reporters that the visa-free entry policy for foreign tour groups on cruise ships would provide policy support for developing China's cruise industry. "It will also help attract more foreign tourists to China and provide more convenient channels for people-to-people exchanges between China and other countries," the official added. Also during Wednesday's press conference, Transport Ministry official Zhu Zhenyu said that China has 21 international cruise ships that ply the country’s ports en route to other destinations like Japan, South Korea and Vietnam. Also watch | SOUTH CHINA SEA: Will China’s floating nuclear reactors intensify tensions in region? | WION Decodes × Last year, 107,000 passenger trips were made via cruise ships in the country, Zhu said. A push to attract more international travellers China since last year has taken several measures to attract more international visitors, including visa-free entry for travellers from some European and Asian countries, including Singapore, reported Bloomberg. (With inputs from agencies)

China allows visa-free entry for foreign tour groups via cruise ships

Russian President Vladimir Putin is in Beijing. Two of the world's most influential leaders are holding a bilateral meeting. Xi Jinping tells Vladimir Putin that he wants to deepen ties between the two countries.

''China will always be a good neighbour...'': Xi tells Putin in Beijing

Russian President Vladimir Putin is in the China on his first foreign visit after being re-elected and sworn in as Russia’s president. The Russian president has brought a large delegation consisting of five deputy prime ministers, heads of economic, diplomatic and security agencies - along with a number of CEO's. There will also be a closed door meeting with Xi - in the ‘1+4 format’ - what to expect? What's on the cards? WION's Shivan Chanana discusses with Dr. Gilbert Doctorow Historian, Author and Political Commentator from Brussels.

Putin Meets Xi in China | Tactical nuclear deployment being discussed in closed door meet?

Indian Army has set up two of the world's highest tank repair facilities&nbsp;to support its operations amid fourth year of bilateral friction with China along the Line of Actual Control (LAC). Over 500 tanks and infantry combat vehicles have been deployed in Eastern Ladakh.

The Indian Armed forces have set up two armoured vehicle maintenance and repair facilities near the Line of Actual Control (LAC) with China in Nyoma and Daulat Beg Oldi (DBO) sectors. These sectors are located as high as 14,500 feet above the sea level, making it the highest battlefield for tanks and infantry combat vehicles along the Line of Actual Control in eastern Ladakh.

A large number of tanks and BMP combat vehicles as well as&nbsp;Indian-made armoured vehicles like the Quick Reaction Fighting Vehicles, have been deployed in Eastern Ladakh after the stand-off between India and China&nbsp;in April-May 2020.

"The tanks and infantry combat vehicles have been deployed in these super-high-altitude areas, where it is very difficult even to get them back for maintenance and repair,” Indian Army officials told ANI.

"To help sustain the armoured vehicle operations in the region, we have set up these Medium Maintenance (Reset) Facilities at Nyoma and near KM-148 on the DS-DBO Road in the DBO sector. These are the two main areas where tank and ICV operations are focussed in the eastern Ladakh sector," they added.

Also read |&nbsp;<a href="https://www.wionews.com/india-news/india-china-lac-prone-to-sudden-flare-ups-of-violence-says-global-think-tank-658902">India-China LAC tensions: Despite potential 'sudden flare-ups of violence' this could be a first step to peace</a>

The Indian Army has been expanding border infrastructure along the Line of Actual Control (LAC) with China for housing its tanks, including the T-90 and T-72, the BMPs and the K-9Vajra self-propelled Howitzers, in the high-altitude areas where temperatures are extremely low in winter.

Army Chief General Manoj Pande on May 11 visited the Medium Maintenance (Reset) Facility for Armoured Fighting Vehicles (AFVs), where he saw the unique maintenance facility.

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General Manoj Pande <a href="https://twitter.com/hashtag/COAS?src=hash&amp;ref_src=twsrc%5Etfw">#COAS</a> visited the Medium Maintenance (Reset) Facility for Armoured Fighting Vehicles <a href="https://twitter.com/hashtag/AFVs?src=hash&amp;ref_src=twsrc%5Etfw">#AFVs</a>, established at High Altitude Area <a href="https://twitter.com/hashtag/HAA?src=hash&amp;ref_src=twsrc%5Etfw">#HAA</a> in <a href="https://twitter.com/hashtag/Ladakh?src=hash&amp;ref_src=twsrc%5Etfw">#Ladakh</a>. The unique maintenance facility promotes enhanced Serviceability &amp; Mission Reliability of <a href="https://twitter.com/hashtag/AFVs?src=hash&amp;ref_src=twsrc%5Etfw">#AFVs</a> and keeps the Combat… <a href="https://t.co/5b0Plvtnt3">pic.twitter.com/5b0Plvtnt3</a>
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The facilities have been built to keep the combat fleet operationally ready in the rugged Himalayan terrain and challenging weather with temperatures dipping&nbsp;to minus 40 degrees.&nbsp;

Also watch |&nbsp;Gravitas: A India, China conflict at LAC in middle of Lok Sabha elections?

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India and China have been engaged in a standoff in the eastern Ladakh region for the past four years and have deployed around 50,000 troops each near the Line of Actual Control.

(With inputs from agencies)

Indian Army has set up two of the world's highest tank repair facilities to support its operations amid fourth year of bilateral friction with China along the Line of Actual Control (LAC).

Indian Army has set up two of the world's highest tank repair facilities to support its operations amid fourth year of bilateral friction with China along the Line of Actual Control (LAC). Over 500 tanks and infantry combat vehicles have been deployed in Eastern Ladakh. The Indian Armed forces have set up two armoured vehicle maintenance and repair facilities near the Line of Actual Control (LAC) with China in Nyoma and Daulat Beg Oldi (DBO) sectors. These sectors are located as high as 14,500 feet above the sea level, making it the highest battlefield for tanks and infantry combat vehicles along the Line of Actual Control in eastern Ladakh. A large number of tanks and BMP combat vehicles as well as Indian-made armoured vehicles like the Quick Reaction Fighting Vehicles, have been deployed in Eastern Ladakh after the stand-off between India and China in April-May 2020. "The tanks and infantry combat vehicles have been deployed in these super-high-altitude areas, where it is very difficult even to get them back for maintenance and repair,” Indian Army officials told ANI. "To help sustain the armoured vehicle operations in the region, we have set up these Medium Maintenance (Reset) Facilities at Nyoma and near KM-148 on the DS-DBO Road in the DBO sector. These are the two main areas where tank and ICV operations are focussed in the eastern Ladakh sector," they added. Also read | India-China LAC tensions: Despite potential 'sudden flare-ups of violence' this could be a first step to peace The Indian Army has been expanding border infrastructure along the Line of Actual Control (LAC) with China for housing its tanks, including the T-90 and T-72, the BMPs and the K-9Vajra self-propelled Howitzers, in the high-altitude areas where temperatures are extremely low in winter. Army Chief General Manoj Pande on May 11 visited the Medium Maintenance (Reset) Facility for Armoured Fighting Vehicles (AFVs), where he saw the unique maintenance facility. General Manoj Pande #COAS visited the Medium Maintenance (Reset) Facility for Armoured Fighting Vehicles #AFVs, established at High Altitude Area #HAA in #Ladakh. The unique maintenance facility promotes enhanced Serviceability & Mission Reliability of #AFVs and keeps the Combat… pic.twitter.com/5b0Plvtnt3 — ADG PI - INDIAN ARMY (@adgpi) May 11, 2024 × The facilities have been built to keep the combat fleet operationally ready in the rugged Himalayan terrain and challenging weather with temperatures dipping to minus 40 degrees. Also watch | Gravitas: A India, China conflict at LAC in middle of Lok Sabha elections? × India and China have been engaged in a standoff in the eastern Ladakh region for the past four years and have deployed around 50,000 troops each near the Line of Actual Control. (With inputs from agencies)

India sets up world's highest tank repair facility to counter China in Himalayas

Chinese President Xi Jinping, in talks with Russian President Vladimir Putin, who landed in Beijing on Thursday&nbsp;(May 16)&nbsp;said the ties between both the countries&nbsp;are 'conducive to peace'. Putin echoed similar thoughts and said that the&nbsp;ties between the two nations are 'stabilising' for world," reported AFP.

This is Putins&nbsp;first overseas visit since his re-election in March and&nbsp;solidifying&nbsp;his grip on power in the country. He&nbsp;secured a landslide victory in the eighth presidential election held in Russia&nbsp;and&nbsp;commenced his fifth term in office.

Putin is on a two-day state visit to China, as confirmed by Russian state media. Arriving in the Chinese capital of Beijing, Putin received a warm welcome from Chinese officials and a guard of&nbsp;honour.

Ahead of his visit, Putin while responding to China's Xinhua news agency over how he assesses cooperation between China and Russia within BRICS, the SCO and other multilateral mechanisms, slammed US.

In his remarks, Putin said, "The countries that affiliate themselves with the so‑called ”golden billion“ do not seem to think so. US‑led Western elites refuse to respect civilizational and cultural diversity and reject centuries-old traditional values."

"Seeking to retain their global dominance, they have usurped the right to tell other nations whom they may, or must not, make friends and cooperate with, and to deny them the right to choose their own development models. They disregard other countries' sovereign interests. They seek to ensure their well‑being at the expense of other states, just like in the old days, and resort to neo-colonial methods to that end."

Putin added,&nbsp;"needless to say, neither Russia nor its partners are happy with this state of affairs. We have actively contributed to launching multilateral associations and mechanisms that are independent of the West and are successfully operating. In their work they build on the principles of equality, justice, transparency, respect and consideration of each other's interests."

<h2>Russia picks China as first overseas country for visit post-elections</h2>

Picking China as the first overseas country for his visit post-elections holds symbolic importance as it underscores&nbsp;the deepening ties between Russia and China amid escalating tensions with Western powers and the dragged-on war with Ukraine, where Moscow has made some significant advances in recent days.&nbsp;

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Putin's arrival coincided with Ukrainian President Volodymyr Zelensky's decision to suspend all forthcoming international visits as his forces confront Russian incursions in northeastern Kharkiv, a city that witnessed evacuation of thousands of people amid Moscow's ground assault.&nbsp;

Against this backdrop, discussions between Xi and Putin are expected to address the ongoing conflicts in Ukraine and the Israel-Hamas war in Gaza.

Also Read |&nbsp;<a href="https://www.wionews.com/world/western-allies-denounce-georgia-foreign-influence-law-721894">Western allies denounce Georgia 'foreign influence' law</a>

Both the leaders are also expected to hold dialogue on bolstering their nation's&nbsp;economic collaborations, as well as energy and security ties.&nbsp;

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Putin's visit is the fourth face-to-face meeting with Chinese President Xi Jinping since the Ukraine invasion broke out on February 24, 2022. This is also the second visit by the Russian president in this duration.&nbsp;

Earlier, when Xi Jinping clinched an unprecedented third term as Chinese&nbsp;president during a parliamentary session in March last year, where he consolidated his authority, he reciprocated by travelling to Moscow.

Meanwhile, the agenda of Putin's visit to China&nbsp;includes the signing of numerous bilateral agreements, with both leaders anticipated to commemorate 75 years of diplomatic relations at a "gala event."

According to the Kremlin, the discussions between Putin and Xi will encompass a comprehensive review of their strategic partnership, charting new avenues for collaboration while exchanging views on pressing global and regional concerns.

(With inputs from agencies)

Chinese President Xi Jinping, in talks with Russian President Vladimir Putin, who landed in Beijing on Thursday (May 16) said the ties between both the countries are 'conducive to peace'.

Chinese President Xi Jinping, in talks with Russian President Vladimir Putin, who landed in Beijing on Thursday (May 16) said the ties between both the countries are 'conducive to peace'. Putin echoed similar thoughts and said that the ties between the two nations are 'stabilising' for world," reported AFP. This is Putins first overseas visit since his re-election in March and solidifying his grip on power in the country. He secured a landslide victory in the eighth presidential election held in Russia and commenced his fifth term in office. Putin is on a two-day state visit to China, as confirmed by Russian state media. Arriving in the Chinese capital of Beijing, Putin received a warm welcome from Chinese officials and a guard of honour. Ahead of his visit, Putin while responding to China's Xinhua news agency over how he assesses cooperation between China and Russia within BRICS, the SCO and other multilateral mechanisms, slammed US. In his remarks, Putin said, "The countries that affiliate themselves with the so‑called ”golden billion“ do not seem to think so. US‑led Western elites refuse to respect civilizational and cultural diversity and reject centuries-old traditional values." "Seeking to retain their global dominance, they have usurped the right to tell other nations whom they may, or must not, make friends and cooperate with, and to deny them the right to choose their own development models. They disregard other countries' sovereign interests. They seek to ensure their well‑being at the expense of other states, just like in the old days, and resort to neo-colonial methods to that end." Putin added, "needless to say, neither Russia nor its partners are happy with this state of affairs. We have actively contributed to launching multilateral associations and mechanisms that are independent of the West and are successfully operating. In their work they build on the principles of equality, justice, transparency, respect and consideration of each other's interests." Russia picks China as first overseas country for visit post-elections Picking China as the first overseas country for his visit post-elections holds symbolic importance as it underscores the deepening ties between Russia and China amid escalating tensions with Western powers and the dragged-on war with Ukraine, where Moscow has made some significant advances in recent days. Also Read | French police hunt killers in prison van ambush Putin's arrival coincided with Ukrainian President Volodymyr Zelensky's decision to suspend all forthcoming international visits as his forces confront Russian incursions in northeastern Kharkiv, a city that witnessed evacuation of thousands of people amid Moscow's ground assault. Against this backdrop, discussions between Xi and Putin are expected to address the ongoing conflicts in Ukraine and the Israel-Hamas war in Gaza. Also Read | Western allies denounce Georgia 'foreign influence' law Both the leaders are also expected to hold dialogue on bolstering their nation's economic collaborations, as well as energy and security ties. Watch | Russia-Ukraine war: Russia unleashes new attacks on Ukraine's Kherson × Putin's visit is the fourth face-to-face meeting with Chinese President Xi Jinping since the Ukraine invasion broke out on February 24, 2022. This is also the second visit by the Russian president in this duration. Earlier, when Xi Jinping clinched an unprecedented third term as Chinese president during a parliamentary session in March last year, where he consolidated his authority, he reciprocated by travelling to Moscow. Meanwhile, the agenda of Putin's visit to China includes the signing of numerous bilateral agreements, with both leaders anticipated to commemorate 75 years of diplomatic relations at a "gala event." According to the Kremlin, the discussions between Putin and Xi will encompass a comprehensive review of their strategic partnership, charting new avenues for collaboration while exchanging views on pressing global and regional concerns. (With inputs from agencies)

Russia-China ties 'conducive to peace': Xi tells Putin

Pakistan Deputy Prime Minister Ishaq Dar is on a 4-day visit to China for strategic dialogue as the country grapples with major economic challenges. Watch in for more details!

Pakistan Deputy PM visits China amid economic crisis, security concerns in CPEC projects

The US has increased tariff on Chinese Electronic Vehicles to 100%. Fresh tariff has also hit Chinese semiconductors, steel, medical products, among others. The measure affects $18 billion in imported Chinese goods. China has accused U.S. of bullying and has vowed retaliation.

Gravitas: US, China trade war reignites; what does it mean for India?

The simmering trade tensions between the US and China have reached a boiling point. The US administration announced a significant increase in tariffs on $18 billion worth of Chinese goods. This move targets key sectors like electric vehicles, semiconductors, and steel.

Trade fragmentation concerns mount after US tariffs on China

The People's Bank of China (PBOC) maintained its key policy rate on Wednesday, opting to keep the rate for its medium-term lending facility (MLF) unchanged. <o:p></o:p>

This decision comes as per the market expectations and reflects the central bank's focus on maintaining currency stability amidst economic challenges.<o:p></o:p>

The PBOC announced that it would keep the rate on 125 billion yuan ($17.28 billion) of one-year MLF loans at 2.50 per cent, consistent with the previous operation. <o:p></o:p>

Analysts suggest that the central bank's move to hold the MLF rate steady underlines its priority to stabilise the yuan, despite recent economic signals that might warrant more aggressive policy stimulus. <o:p></o:p>

China has seen an unexpected credit contraction in April, adding to arguments for increased support to strengthen the world's second-largest economy.<o:p></o:p>

This decision comes just days before the finance ministry is set to release the first batch of 1 trillion yuan in ultra long-term special treasury bonds. <o:p></o:p>

The timing is important as it indicates the central bank's cautious approach to monetary policy amid bigger economic pressures.<o:p></o:p>

The Chinese yuan has depreciated by approximately 1.9 per cent against the US dollar this year, influenced by relatively low yields compared to other global economies. <o:p></o:p>

This depreciation adds another layer of complexity to China's monetary policy decisions as it balances internal economic support with external currency stability.<o:p></o:p>

In late April, the Communist Party's Politburo indicated that Beijing would enhance economic support through various monetary and fiscal policies. <o:p></o:p>

These measures include potential cuts in interest rates and bank reserve requirement ratios (RRR), signalling a proactive stance to stimulate economic growth.<o:p></o:p>

Economists at ING noted the combination of low inflation, credit contraction, slowing money supply growth, and weak private sector investment as strong indicators for the need for rate cuts. <o:p></o:p>

They suggested that real interest rates remain too high and that RRR cuts are losing their effectiveness. <o:p></o:p>

However, they also pointed out that stabilising the currency has been a significant consideration this year, with policymakers likely preferring to wait for global rate cuts before initiating their own.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

The People's Bank of China (PBOC) maintained its key policy rate on Wednesday, opting to keep the rate for its medium-term lending facility (MLF) unchanged. This decision comes as per the market expectations and reflects the central bank's focus on maintaining currency stability amidst economic challenges.

The People's Bank of China (PBOC) maintained its key policy rate on Wednesday, opting to keep the rate for its medium-term lending facility (MLF) unchanged. This decision comes as per the market expectations and reflects the central bank's focus on maintaining currency stability amidst economic challenges. The PBOC announced that it would keep the rate on 125 billion yuan ($17.28 billion) of one-year MLF loans at 2.50 per cent, consistent with the previous operation. Analysts suggest that the central bank's move to hold the MLF rate steady underlines its priority to stabilise the yuan, despite recent economic signals that might warrant more aggressive policy stimulus. China has seen an unexpected credit contraction in April, adding to arguments for increased support to strengthen the world's second-largest economy. This decision comes just days before the finance ministry is set to release the first batch of 1 trillion yuan in ultra long-term special treasury bonds. The timing is important as it indicates the central bank's cautious approach to monetary policy amid bigger economic pressures. The Chinese yuan has depreciated by approximately 1.9 per cent against the US dollar this year, influenced by relatively low yields compared to other global economies. This depreciation adds another layer of complexity to China's monetary policy decisions as it balances internal economic support with external currency stability. In late April, the Communist Party's Politburo indicated that Beijing would enhance economic support through various monetary and fiscal policies. These measures include potential cuts in interest rates and bank reserve requirement ratios (RRR), signalling a proactive stance to stimulate economic growth. Economists at ING noted the combination of low inflation, credit contraction, slowing money supply growth, and weak private sector investment as strong indicators for the need for rate cuts. They suggested that real interest rates remain too high and that RRR cuts are losing their effectiveness. However, they also pointed out that stabilising the currency has been a significant consideration this year, with policymakers likely preferring to wait for global rate cuts before initiating their own. (With inputs from Reuters)

China's central bank holds steady on key policy rate amid economic uncertainty

Less than a week before Taiwan&nbsp;inaugurates its new president, 45 Chinese aircraft were detected around the self-ruled island in yet another violation of&nbsp;Taiwan's Air Defense Identification Zone (ADIZ) by Chinese leader Xi Jinping's forces.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/explained-taiwan-elections-2024-beyond-xi-jinpings-unification-threat-679049">Explained: How Taiwan is keeping up with democracy amid Xi Jinping's 'reunification' threat</a>

"26 of the aircraft crossed the median line of the Taiwan Strait," Taiwan's defence ministry said in a statement, referring to a line bisecting the 180-kilometre (110-mile) waterway that separates Taiwan from China.

The Taiwanese&nbsp;ministry added that it had "monitored the situation and responded accordingly".&nbsp;

China claims democratically-ruled Taiwan as its own and has never renounced the use of force to occupy the island nation that very few countries in the world have accepted as a sovereign nation.&nbsp;

<h2>China's latest threat to&nbsp;Taiwan: What happened?</h2>

On Tuesday (May 14) evening, 23 Chinese aircraft — including fighter jets and drones — were detected around Taiwan during a two-hour period, Taiwan's defence ministry said.

Beijing maintains a near-daily presence of warplanes, drones and naval assets around Taiwan as part of its strategy to up military pressure on Taipei.&nbsp;

The largest ever seen around Taiwan was last September when Beijing sent in 103 warplanes and aircraft. Of these, 40 aircraft reportedly crossed the median line.

Experts have flagged these as "grey zone tactics". That is, they are not outright acts of war but they serve to exhaust&nbsp;Taipei's military.

<h2>Chinese deployment of maritime assets around Taiwan</h2>

Apart from show of force with warplanes, Beijing has also deployed coast guard ships and other official fishery vessels around Taiwan's outlying island of Kinmen since February.<img alt="Kinmen as seen in a Google Earth Map | Not to Scale" data-entity-type="file" data-entity-uuid="a1b7de8a-f164-4cbd-9eeb-2240e0d4e8a0" src="//cdn.wionews.com/sites/default/files/inline-images/Taiwan_2.png" />

Kinmen as seen in a Google Earth Map | Not to Scale

On Tuesday (May 13), five Chinese coast guard ships sailed through Kinmen's "restricted waters" for three hours before leaving, Taiwan's coast guard said.&nbsp;

The Taiwanese coast guard said that Chinese sailings&nbsp;"seriously affect navigation safety and undermine peace and stability across the Taiwan Strait".

Also watch |&nbsp;Report: US &amp; Taiwan conducted drills in China's backyard

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"We urge the Chinese side to exercise self-restraint and immediately cease this irrational behaviour," it said.

Lai, like outgoing President Tsai Ing-wen, rejects Beijing's claim over Taiwan.

Less than a week before Taiwan inaugurates its new president, 45 Chinese aircraft were detected around the self-ruled island in yet another violation of Taiwan's Air Defense Identification Zone (ADIZ) by Chinese leader Xi Jinping's forces.

Less than a week before Taiwan inaugurates its new president, 45 Chinese aircraft were detected around the self-ruled island in yet another violation of Taiwan's Air Defense Identification Zone (ADIZ) by Chinese leader Xi Jinping's forces. Also read | Explained: How Taiwan is keeping up with democracy amid Xi Jinping's 'reunification' threat "26 of the aircraft crossed the median line of the Taiwan Strait," Taiwan's defence ministry said in a statement, referring to a line bisecting the 180-kilometre (110-mile) waterway that separates Taiwan from China. The Taiwanese ministry added that it had "monitored the situation and responded accordingly". China claims democratically-ruled Taiwan as its own and has never renounced the use of force to occupy the island nation that very few countries in the world have accepted as a sovereign nation. China's latest threat to Taiwan: What happened? On Tuesday (May 14) evening, 23 Chinese aircraft — including fighter jets and drones — were detected around Taiwan during a two-hour period, Taiwan's defence ministry said. Beijing maintains a near-daily presence of warplanes, drones and naval assets around Taiwan as part of its strategy to up military pressure on Taipei. The largest ever seen around Taiwan was last September when Beijing sent in 103 warplanes and aircraft. Of these, 40 aircraft reportedly crossed the median line. Experts have flagged these as "grey zone tactics". That is, they are not outright acts of war but they serve to exhaust Taipei's military. Chinese deployment of maritime assets around Taiwan Apart from show of force with warplanes, Beijing has also deployed coast guard ships and other official fishery vessels around Taiwan's outlying island of Kinmen since February. Kinmen as seen in a Google Earth Map | Not to Scale On Tuesday (May 13), five Chinese coast guard ships sailed through Kinmen's "restricted waters" for three hours before leaving, Taiwan's coast guard said. The Taiwanese coast guard said that Chinese sailings "seriously affect navigation safety and undermine peace and stability across the Taiwan Strait". Also watch | Report: US & Taiwan conducted drills in China's backyard × "We urge the Chinese side to exercise self-restraint and immediately cease this irrational behaviour," it said. Lai, like outgoing President Tsai Ing-wen, rejects Beijing's claim over Taiwan.

Xi's China sends 45 aircraft around Taiwan ahead of new president's inauguration

China is reportedly irked with Myanmar for choosing Russia to build the Dawei Deep Seaport on the country's east coast. China which was also trying to build a port close to the Thailand border, had done a feasibility study of the Dawei. According to reports, it chose to focus on Kyakphyu deep seaport instead, as it was close to the India-built Sittwe port. Over the past year, Myanmar has been shedding its overdependence on China, and expanding ties with Russia to secure military supplies and build infrastructure and energy projects. With Myanmar opening the doors for Russia is the influence of Beijing, after seeking to be a dominant player, waning?

Myanmar chooses Russia to build Dawei Deep Seaport Irking China

The China Coast Guard says it issued warnings to Philippine vessels that illegally entered Waters under China's jurisdiction in the South China Sea. Despite repeated Chinese admonitions, the Chinese Coast Guard says the Philippines' actions violated China's sovereignty and international laws.

South China sea tensions: China coast guard warns Philippine vessels

Joe Biden has accused China of cheating rather than competing on trade, Washington imposed steep tariff hikes on Chinese Imports like electric vehicles as well as semiconductors. Watch in for more details

US-China trade tensions: US hikes tariffs on Chinese goods, sparks tensions

US and Philippine armed forces fired missiles and artillery to thwart a simulated invasion in the Philippines' northern waters facing Taiwan on the 6th of May. Couple of days later, a decommissioned China-made Philippine ship was sunk by the allied forces during the South China sea war games.

US & Philippine forces thwart simulated invasion

Watch top headlines of the hour: - Caledonia riots: Macron holds cabinet meet - Zelensky cancels Spain & Portugal visit - Top Hezbollah Commander killed in Lebanon - Thailand: Royal reform activist dies in custody - Chinese Coast Guard shadows Filipino boat - Pakistan readies Fatah-II rocket

Chinese Coast Guard shadows Filipino boat | Pakistan readies Fatah-II rocket

Chinese smartphone maker Xiaomi has become the country's eighth-largest electric vehicle start-up after selling more than 7,000 units of its first model- the SU7 sedan, in April, according to industry data.

Xiaomi's entry into China's packed EV market is poised to further turn over the world's largest auto market, where companies are already locked in a fierce price war amid weakening demand.

The company is an established household name in China for its popular smartphones and home appliances.

It has now joined newcomers such as Nio and Xpeng as new automakers focused on EV production. The category excludes legacy brands like Volkswagen and established EV makers such as Tesla, BYD and Geely.

In its first month of sales since its late March launch, Xiaomi sold 7,058 SU7s. The company targets deliveries of over 100,000 units this year, attempting to achieve an average of 11,618 units per month for the rest of the year.

Read More: <a href="https://www.wionews.com/business-economy/hero-motocorps-market-valuation-surpasses-inr-1-lakh-crore-as-shares-surge-721571">Hero MotoCorp's market valuation surpasses INR 1 lakh crore as shares surge</a>

Xiaomi's estimated monthly sales of more than 11,000 units for the remainder of the year, placed&nbsp;itself in a tight-knit competition with Volkswagen, which has fared better than most other foreign legacy auto brands in competing with Chinese EV players.

China’s local champion BYD topped the country’s EV sales rankings with 120,234 units last month. Sales were largely driven by affordable models much cheaper than the SU7.

U.S. giant Tesla netted 31,421 units in Model 3 and Y sales in April. Xiaomi's base model SU7 is about $4,000 cheaper than the base model of Tesla's Model 3 in China. As EV makers grapple with growing competition in the China market, many companies are now targeting overseas markets.

China's EV market is becoming crowded by an increasing number of start-ups that include pure EV manufacturers such as Nio and Xpeng; as well as EV sub-brands, from traditional automakers including GAC's Aion and Geely's Zeekr.

Huawei-backed Harmony Intelligent Mobility Alliance (HIMA) is also among the new upstarts. Some Huawei vehicles such as the Aito M5 and M9 come in both extended-range and pure EV variants and both versions are counted as EVs.

Chinese smartphone maker Xiaomi has become the country's eighth-largest electric vehicle start-up after selling more than 7,000 units of its first model- the SU7 sedan, in April, according to industry data.

Chinese smartphone maker Xiaomi has become the country's eighth-largest electric vehicle start-up after selling more than 7,000 units of its first model- the SU7 sedan, in April, according to industry data. Xiaomi's entry into China's packed EV market is poised to further turn over the world's largest auto market, where companies are already locked in a fierce price war amid weakening demand. The company is an established household name in China for its popular smartphones and home appliances. It has now joined newcomers such as Nio and Xpeng as new automakers focused on EV production. The category excludes legacy brands like Volkswagen and established EV makers such as Tesla, BYD and Geely. In its first month of sales since its late March launch, Xiaomi sold 7,058 SU7s. The company targets deliveries of over 100,000 units this year, attempting to achieve an average of 11,618 units per month for the rest of the year. Read More: Hero MotoCorp's market valuation surpasses INR 1 lakh crore as shares surge Xiaomi's estimated monthly sales of more than 11,000 units for the remainder of the year, placed itself in a tight-knit competition with Volkswagen, which has fared better than most other foreign legacy auto brands in competing with Chinese EV players. China’s local champion BYD topped the country’s EV sales rankings with 120,234 units last month. Sales were largely driven by affordable models much cheaper than the SU7. U.S. giant Tesla netted 31,421 units in Model 3 and Y sales in April. Xiaomi's base model SU7 is about $4,000 cheaper than the base model of Tesla's Model 3 in China. As EV makers grapple with growing competition in the China market, many companies are now targeting overseas markets. China's EV market is becoming crowded by an increasing number of start-ups that include pure EV manufacturers such as Nio and Xpeng; as well as EV sub-brands, from traditional automakers including GAC's Aion and Geely's Zeekr. Huawei-backed Harmony Intelligent Mobility Alliance (HIMA) is also among the new upstarts. Some Huawei vehicles such as the Aito M5 and M9 come in both extended-range and pure EV variants and both versions are counted as EVs.

Xiaomi secures 8th largest EV startup in China after SU7 launch

Astronauts in the Chinese Space Station could soon have a new robotic colleague onboard. Chinese researchers are developing three types of humanoid robots whose main objective will be to help astronauts with their daily tasks.

Robot astronaut heading to Chinese space station

Russian President Vladimir Putin is all set to arrive in China. The visit will mark the start of Putin's new presidential term. Watch this video to know all about the significance of Putin's visit and meeting with Xi Jinping in Beijing.

Russia's Putin to meet Xi Jinping in Beijing. What's on the agenda?

A recent spike in global aluminium prices has led Chinese buyers to temporarily hold off on importing the metal from Russia, despite both nations' efforts to deepen trade ties, Bloomberg News reported.<o:p></o:p>

This hesitation comes after sanctions were imposed by the UK and US on Russian base metals, which were expected to drive more aluminium sales to China, the world's largest consumer of the metal.<o:p></o:p>

Despite the alignment between Moscow and Beijing, the commercial reality of high prices is causing friction. <o:p></o:p>

Traders have reported that Chinese buyers are reluctant to meet the increased costs, and Russian sellers are not offering discounts, supported by steady demand elsewhere in Asia. <o:p></o:p>

Additionally, logistical issues, such as bottlenecks in Russian rail transport, are complicating efforts to boost shipments to China.<o:p></o:p>

The timing of these developments is notable as Russian President Vladimir Putin is visiting China at the invitation of President Xi Jinping to reinforce their "no-limits" partnership. <o:p></o:p>

The announcement of Putin’s visit has already had a positive impact on the market, with shares of Russia’s leading aluminium producer, United Co. Rusal International PJSC, rising by as much as 6.4 per cent in Hong Kong on Tuesday. <o:p></o:p>

However, Rusal declined to comment on the ongoing trade dynamics.<o:p></o:p>

Amid growing isolation from Western markets due to the invasion of Ukraine, Russia has turned to China as a key buyer of its commodities. <o:p></o:p>

This shift has allowed Chinese importers to secure discounts on essential raw materials, often using yuan instead of dollars to bypass international sanctions. <o:p></o:p>

Aluminium trade has seen growth, with Rusal’s revenue from China jumping to 23 per cent last year from just 8 per cent in 2022. <o:p></o:p>

Russian aluminium exports to China more than doubled in the first quarter to 393,000 tons, according to Chinese customs data.<o:p></o:p>

However, the window of opportunity, known as the arbitrage window, has closed due to the rising world prices driven by Western sanctions. <o:p></o:p>

Analyst Li Jiahui from Shanghai Metals Market noted that there have been very few trades in Russian aluminium on the spot market due to import losses. <o:p></o:p>

He also mentioned that the overall imports from Russia in April and May are likely to decline.<o:p></o:p>

To attract Chinese buyers, Russian producers would need to offer larger discounts, but they might be unwilling to do so given the solid demand from other markets such as Southeast Asia, Japan, and South Korea.<o:p></o:p>

Meanwhile, China's slowing economy has also been a drag on metals demand. <o:p></o:p>

However, this could change as the peak season for aluminium consumption approaches, potentially narrowing the price gap between local and international markets.<o:p></o:p>

In other related news, President Joe Biden recently announced tariff hikes on a range of Chinese imports, aimed at boosting domestic manufacturing in critical sectors. <o:p></o:p>

Additionally, China’s CMOC Group Ltd. is under scrutiny by a top US official for allegedly using "predatory" tactics to lower prices of cobalt by flooding the market with the metal from Congolese mines. <o:p></o:p>

Despite overcapacity issues in China’s battery industry, producers of raw materials essential for energy transition continue to thrive.<o:p></o:p>

(With inputs from Bloomberg)<o:p></o:p>

A recent spike in global aluminium prices has led Chinese buyers to temporarily hold off on importing the metal from Russia, despite both nations' efforts to deepen trade ties, Bloomberg News reported.

A recent spike in global aluminium prices has led Chinese buyers to temporarily hold off on importing the metal from Russia, despite both nations' efforts to deepen trade ties, Bloomberg News reported. This hesitation comes after sanctions were imposed by the UK and US on Russian base metals, which were expected to drive more aluminium sales to China, the world's largest consumer of the metal. Despite the alignment between Moscow and Beijing, the commercial reality of high prices is causing friction. Traders have reported that Chinese buyers are reluctant to meet the increased costs, and Russian sellers are not offering discounts, supported by steady demand elsewhere in Asia. Additionally, logistical issues, such as bottlenecks in Russian rail transport, are complicating efforts to boost shipments to China. The timing of these developments is notable as Russian President Vladimir Putin is visiting China at the invitation of President Xi Jinping to reinforce their "no-limits" partnership. The announcement of Putin’s visit has already had a positive impact on the market, with shares of Russia’s leading aluminium producer, United Co. Rusal International PJSC, rising by as much as 6.4 per cent in Hong Kong on Tuesday. However, Rusal declined to comment on the ongoing trade dynamics. Amid growing isolation from Western markets due to the invasion of Ukraine, Russia has turned to China as a key buyer of its commodities. This shift has allowed Chinese importers to secure discounts on essential raw materials, often using yuan instead of dollars to bypass international sanctions. Aluminium trade has seen growth, with Rusal’s revenue from China jumping to 23 per cent last year from just 8 per cent in 2022. Russian aluminium exports to China more than doubled in the first quarter to 393,000 tons, according to Chinese customs data. However, the window of opportunity, known as the arbitrage window, has closed due to the rising world prices driven by Western sanctions. Analyst Li Jiahui from Shanghai Metals Market noted that there have been very few trades in Russian aluminium on the spot market due to import losses. He also mentioned that the overall imports from Russia in April and May are likely to decline. To attract Chinese buyers, Russian producers would need to offer larger discounts, but they might be unwilling to do so given the solid demand from other markets such as Southeast Asia, Japan, and South Korea. Meanwhile, China's slowing economy has also been a drag on metals demand. However, this could change as the peak season for aluminium consumption approaches, potentially narrowing the price gap between local and international markets. In other related news, President Joe Biden recently announced tariff hikes on a range of Chinese imports, aimed at boosting domestic manufacturing in critical sectors. Additionally, China’s CMOC Group Ltd. is under scrutiny by a top US official for allegedly using "predatory" tactics to lower prices of cobalt by flooding the market with the metal from Congolese mines. Despite overcapacity issues in China’s battery industry, producers of raw materials essential for energy transition continue to thrive. (With inputs from Bloomberg)

Surge in global prices stalls China’s imports of Russian aluminium

Months after the launch of its narrowbody C919, China’s Comac has begun work on the C939, a new widebody jet poised to take on Boeing and Airbus. Watch in the report to know more about the jet.

All you need to know about China's widebody jet Comac's C939

Tensions have escalated in the contested waters of the South China Sea between Beijing and Manila yet again. Watch in for more details!

South China Sea dispute: Manila pledges to block China's reclamation at the Sabina Shoal

China has vowed to take all necessary measures following reports that the United States is planning to raise tariffs on Chinese clean energy goods. This includes Chinese EVs, batteries and Solar Products.

US: Biden quadruples tariff on Chinese EV import

Japan’s defence Chief calls for the bolstering of its anti-drone capability after a drone footage posted on Chinese social media showed a Japanese aircraft carrier docked at a restricted navy port west of Tokyo. A video filmed by a drone showed JS Izumo, one of two Japanese helicopter carriers docked at Yokosuka naval base.

Drone records Japanese warships secretly

US Treasury secretary Janet Yellen warns of potential retaliation from china amid escalating trade tensions. The Biden administration is considering quadrupling tariffs on Chinese electric vehicles, batteries, and solar cells. Yellen emphasizes the need for targeted measures to protect US Investments in emerging sectors, citing concerns over china's unfair trade practices.

Yellen warns of potential Chinese retaliation amid US trade tariffs

What has China done to Wuhan journalist Zhang Zhan? In 2020, Zhang was documenting the outbreak of Covid-19 in Wuhan. Her videos were exposing what China has trying to hide. Zhang was arrested, charged with spreading false information, and jailed for four years. The citizen journalist was supposed to walk out of prison on Monday, but no one is being able to verify her release.

Gravitas |  Zhang Zhan: What has China done to the Wuhan citizen journalist?

China-based Hesai Group has filed a lawsuit against the U. S. government for putting it on a list of companies which have been found to be working with Chinese military. The lawsuit was filed after the U. S. Department of Defense added Hesai to its list of firms in January, simultaneously with several other businesses, pointing out the concerns about their alleged connections to the Chinese military.

Background of the lawsuit

The leading manufacturing company of lidar light sensors that are used in the self-driving vehicles and driver-assistance systems, Hesai Group, questions the decision and says that the management and operations of the company are not influenced by the Chinese governmental or military entities. The company asserts that it is primarily owned by non-Chinese shareholders and thus is focused on the commercial and civilian use of its technology.

Also Read:&nbsp;<a href="https://www.wionews.com/business-economy/eu-countries-in-favour-of-cutting-trucks-co2-emissions-720998">EU countries in favour of cutting trucks' CO2 emissions</a>

Consequences of the listing

The fact of being on the 1260H list has caused significant reputational damage for Hesai Group, which has in turn led to a steep fall in its stock price as well as the loss of possible business opportunities. Although the inclusion on the list does not present the immediate imposition of sanctions, it is a warning to the U.S. entities about their dealings with the listed companies.

Legal action and requests

In its lawsuit brought on Monday, Hesai Group insists that it was not given any warning or explanation, or even a chance to defend itself before being put on the list. The company demands that the US district court order the government to get its name out of the list, referring to the unequal treatment and the absence of due process.

Response from the government

The U. S. Department of Defense has not made any remarks on the proceeding of the lawsuit. On the other hand, Hesai Group insists that the government has not given any serious answers to its requests for removal of the group from the list or does not try to solve the problem outside the courtroom.

Concerns raised by lawmakers

Some U. S. lawmakers have indicated the doubts on the use of the advanced technology, whose components are made by Chinese firms, including lidar, radar, and semiconductors. They emphasize the possible dangers of data collection and possible sharing of it with China by citing the national security concerns.

U.S. Transportation Secretary Pete Buttigieg previously voiced concerns about the national security implications of such technologies. He stressed the need for a better understanding of the ownership structure of the companies that provide components for the transportation systems to solve the problems effectively.

As the legal battle unfolds, the outcome will likely influence the landscape of technology trade relations between the U.S. and China, with broader implications for the global tech industry.

(Inputs from Reuters)

China-based Hesai Group has filed a lawsuit against the U. S. government for putting it on a list of companies which have been found to be working with Chinese military.

China-based Hesai Group has filed a lawsuit against the U. S. government for putting it on a list of companies which have been found to be working with Chinese military. The lawsuit was filed after the U. S. Department of Defense added Hesai to its list of firms in January, simultaneously with several other businesses, pointing out the concerns about their alleged connections to the Chinese military. Background of the lawsuit The leading manufacturing company of lidar light sensors that are used in the self-driving vehicles and driver-assistance systems, Hesai Group, questions the decision and says that the management and operations of the company are not influenced by the Chinese governmental or military entities. The company asserts that it is primarily owned by non-Chinese shareholders and thus is focused on the commercial and civilian use of its technology. Also Read: EU countries in favour of cutting trucks' CO2 emissions Consequences of the listing The fact of being on the 1260H list has caused significant reputational damage for Hesai Group, which has in turn led to a steep fall in its stock price as well as the loss of possible business opportunities. Although the inclusion on the list does not present the immediate imposition of sanctions, it is a warning to the U.S. entities about their dealings with the listed companies. Legal action and requests In its lawsuit brought on Monday, Hesai Group insists that it was not given any warning or explanation, or even a chance to defend itself before being put on the list. The company demands that the US district court order the government to get its name out of the list, referring to the unequal treatment and the absence of due process. Response from the government The U. S. Department of Defense has not made any remarks on the proceeding of the lawsuit. On the other hand, Hesai Group insists that the government has not given any serious answers to its requests for removal of the group from the list or does not try to solve the problem outside the courtroom. Concerns raised by lawmakers Some U. S. lawmakers have indicated the doubts on the use of the advanced technology, whose components are made by Chinese firms, including lidar, radar, and semiconductors. They emphasize the possible dangers of data collection and possible sharing of it with China by citing the national security concerns. U.S. Transportation Secretary Pete Buttigieg previously voiced concerns about the national security implications of such technologies. He stressed the need for a better understanding of the ownership structure of the companies that provide components for the transportation systems to solve the problems effectively. As the legal battle unfolds, the outcome will likely influence the landscape of technology trade relations between the U.S. and China, with broader implications for the global tech industry. (Inputs from Reuters)

Chinese lidar maker Hesai Group sues U.S. government over allegations

South China Sea dispute: China denies Philippine report of 'artificial island' in disputed atoll

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