On Tuesday, a man drove a car into a group of people near an elementary school in China's Hunan province. Multiple students were left injured. This reportedly appears to be the third large-scale attack in the country in just a little over a week.

Car Attacking China's Hunan: What's Behind China's Deadly Mass Attacks?

After wall street advances put a stop to a selloff in treasuries, Asian shares followed suit and rose. Traders are paying close attention to any information on president-elect Donald Trump's picks for the new administration. The MSCI regional stock index rose in early trading, reflecting gains in benchmarks across Japan, South Korea, China, and Australia. Watch in for more details!

Asian Stocks Rise Tracking Wall Street Gains

Xi Jinping is making no bones about his desire to be the world's defender of the global trade system in response to Donald Trump's threats to slap tariffs on U.S. Imports. Xi warned that escalation of the trade war would be 'tough' for both china and the USA. Take a look at this next report to understand the impact of the expected 'tit-for-tat' trade war once trump takes office in January. Watch in for more details!

Xi Seizes Role As Global Defender Of Free Trade Against Trump

Chinese citizens in China's Wuzi City are calling on the authorities to do more to help people after a stabbing a day earlier left eight people dead and injured 14. Watch in for more details!

Shock In China As Series Of Random Attacks Leave Dozens Dead

China will fight back if US President-elect Donald Trump follows through on his promise to impose a 60 per cent tariff on Chinese imports. Watch this report for more details!

China Prepares to Retaliate if Donald Trump Imposes Tariff

Donald Trump’s trade and foreign policy team is taking a hawkish stance toward China. Due to this US companies are increasingly concerned that a strict approach towards China can&nbsp;stunt the prospects of the US companies&nbsp;in the world’s second-largest economy. They might also turn into clear targets for China's retaliation against any Trump tariffs, according to a detailed report by CNBC.

Trump has threatened 60 per cent tariffs on China

Trump has threatened to hit China with 60 per cent tariffs and has pledged to end reliance on the country. This step alone will be disruptive. It will force companies to scramble to find other sources of supply, American consumers to pay higher prices at the store, and, according to many experts, lead to job losses. On top of that, the Chinese government could respond with expanded steps and measures to target American businesses elaborated the CNBC report further.

China might view US steps as an Economic war

“The Trump administration’s actions may be seen or may be interpreted as economic war,” Scott Kennedy, senior advisor at the Center for Strategic and International Studies, told reporters in Beijing on Thursday. “If they are interpreted in that way, China might have a much more vigorous response, not limited to tariffs.”

Further, those actions could range from economic changes to matters of diplomacy and security, Kennedy said, adding China may “push back as hard as they can.”

More combative relations between the US and China also bring the risk of public backlash amid rising Chinese nationalism. The Chinese government has strong controls over information flow which has led to consumer boycotts of international brands. This will basically put both the economies in direct competition with each other.

Impact of US-China trade war&nbsp;

During Trump’s first term, the Chinese government retaliated against US&nbsp;tariffs by imposing tariffs on US imports. The US-China Business Council, in conjunction with Oxford Economics, estimates a new tit-for-tat tariff battle could result in a “permanent loss of revenue and pressure businesses to slash jobs and investment plans” with as many as 801,000 net job losses by 2025.

The report projected that Nevada, Florida and Arizona would be among the states hardest hit by such tariffs due to their economic reliance on consumer demand. Manufacturing states such as Indiana, Kansas, Michigan and Ohio would also be vulnerable, the Oxford report found. Swing states Nevada, Arizona and Michigan all flipped to Trump in the 2024 election, helping to deliver him back to the White House.

During the last trade battle, China also stopped buying agricultural products from the US. The move targeted key US exports like soybeans, disproportionately hurting rural parts of the U.S. where Trump has strong support. James McGregor, a business consultant on China for three decades, said he sees Beijing using its leverage on US&nbsp;agricultural purchases if it feels pressed this time, too.

“China is already focused on ridding itself of dependence on US farm products. If alternative supplies are available, China may well shift away from American farmers where they can,” McGregor said, added the CNBC report.

Two years ago, China started importing corn from Brazil. The country is now China’s biggest supplier of corn, surpassing the US. Beijing could also broaden its retribution methods to include targeting US companies operating on Chinese soil. Then there’s also the risk of legal and regulatory changes in China that could threaten US companies. In recent years, China made significant revisions to its export control regulations. Those tighter controls have restricted critical metals for the American clean energy and semiconductor sectors.

Market participants and global investors will closely follow these developments and the ultimate stance of the Trump administration against China. This will help them in understanding the future trajectory of the US-China relations along with helping them in making informed investment decisions.

&nbsp;

Donald Trump’s trade and foreign policy team is taking a hawkish stance toward China. Due to this US companies are increasingly concerned that a strict approach towards China can stunt the prospects of the US companies in the world’s second-largest economy.

Donald Trump’s trade and foreign policy team is taking a hawkish stance toward China. Due to this US companies are increasingly concerned that a strict approach towards China can stunt the prospects of the US companies in the world’s second-largest economy. They might also turn into clear targets for China's retaliation against any Trump tariffs, according to a detailed report by CNBC. Trump has threatened 60 per cent tariffs on China Trump has threatened to hit China with 60 per cent tariffs and has pledged to end reliance on the country. This step alone will be disruptive. It will force companies to scramble to find other sources of supply, American consumers to pay higher prices at the store, and, according to many experts, lead to job losses. On top of that, the Chinese government could respond with expanded steps and measures to target American businesses elaborated the CNBC report further. China might view US steps as an Economic war “The Trump administration’s actions may be seen or may be interpreted as economic war,” Scott Kennedy, senior advisor at the Center for Strategic and International Studies, told reporters in Beijing on Thursday. “If they are interpreted in that way, China might have a much more vigorous response, not limited to tariffs.” Further, those actions could range from economic changes to matters of diplomacy and security, Kennedy said, adding China may “push back as hard as they can.” More combative relations between the US and China also bring the risk of public backlash amid rising Chinese nationalism. The Chinese government has strong controls over information flow which has led to consumer boycotts of international brands. This will basically put both the economies in direct competition with each other. Impact of US-China trade war During Trump’s first term, the Chinese government retaliated against US tariffs by imposing tariffs on US imports. The US-China Business Council, in conjunction with Oxford Economics, estimates a new tit-for-tat tariff battle could result in a “permanent loss of revenue and pressure businesses to slash jobs and investment plans” with as many as 801,000 net job losses by 2025. The report projected that Nevada, Florida and Arizona would be among the states hardest hit by such tariffs due to their economic reliance on consumer demand. Manufacturing states such as Indiana, Kansas, Michigan and Ohio would also be vulnerable, the Oxford report found. Swing states Nevada, Arizona and Michigan all flipped to Trump in the 2024 election, helping to deliver him back to the White House. During the last trade battle, China also stopped buying agricultural products from the US. The move targeted key US exports like soybeans, disproportionately hurting rural parts of the U.S. where Trump has strong support. James McGregor, a business consultant on China for three decades, said he sees Beijing using its leverage on US agricultural purchases if it feels pressed this time, too. “China is already focused on ridding itself of dependence on US farm products. If alternative supplies are available, China may well shift away from American farmers where they can,” McGregor said, added the CNBC report. Two years ago, China started importing corn from Brazil. The country is now China’s biggest supplier of corn, surpassing the US. Beijing could also broaden its retribution methods to include targeting US companies operating on Chinese soil. Then there’s also the risk of legal and regulatory changes in China that could threaten US companies. In recent years, China made significant revisions to its export control regulations. Those tighter controls have restricted critical metals for the American clean energy and semiconductor sectors. Market participants and global investors will closely follow these developments and the ultimate stance of the Trump administration against China. This will help them in understanding the future trajectory of the US-China relations along with helping them in making informed investment decisions.

China's retaliation could target US companies over Trump actions

The U.S. Energy information administration predicts that demand for oil in India is expanding at a faster rate than in any other Asian country. At the same time, demand for oil in china is declining as a result of an economic downturn and increasing ownership of EVs. Take a look at the next report to for more in this...Watch in for more details!

India Surpasses China In Driving Asia Oil Demand Growth, EIA Says

US President Joe Biden and Chinese counterpart Xi Jinping will attend the first day of an Asia-Pacific leaders' summit Friday ahead of a face-to-face meeting under a cloud of diplomatic uncertainty cast by Donald Trump's election victory.

Biden and Xi are due to hold talks on Saturday, in what a US administration official said will probably be the last meeting between the sitting leaders of the world's largest economies before Trump is sworn in in January.

With the Republican president-elect having signalled a confrontational approach to Beijing for his second term, the bilateral meeting will be a closely watched affair.

Xi and Biden arrived in Lima Thursday along with other world leaders for a two-day heads-of-state meeting of the Asia-Pacific Economic Cooperation (APEC) grouping.

APEC, created in 1989 with the goal of regional trade liberalization, brings together 21 economies that jointly represent about 60 per cent of world GDP and over 40 per cent of global commerce.

<a href="https://www.wionews.com/world/starting-latin-america-trip-xi-jinping-opens-huge-port-in-peru-funded-by-china-776355">Also read:&nbsp;Starting Latin America trip, Xi Jinping opens huge port in Peru funded by China</a>

The summit program was to focus on trade and investment for what proponents dubbed inclusive growth.

But uncertainty over Trump's next moves now clouds the agenda -- as it does for the COP29 climate talks underway in Azerbaijan, and a G20 summit in Rio de Janeiro next week.

On Thursday, APEC ministers, including US Secretary of State Antony Blinken, held their own meeting behind closed doors in Lima to set the tone for the summit to follow.

Trump announced this week he will replace Blinken with Senator Marco Rubio, a China hawk.

<h2>'America First'&nbsp;</h2>

The summit will also be attended by Japan, South Korea, Canada, Australia and Indonesia, among others.

President Vladimir Putin of APEC member Russia will not be present.

Trump's "America First" agenda is based on protectionist trade policies, increased domestic fossil fuel extraction, and avoiding foreign conflicts.

Watch |&nbsp;China's Xi Arrives In Lima For APEC Meeting, State Visit To Peru

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It threatens alliances Biden has built on issues ranging from the wars in Ukraine and the Middle East to climate change and commerce.

The Republican president-elect has threatened tariffs of up to 60 per cent on imports of Chinese goods to even out what he says is an imbalance in bilateral trade.

China is grappling with a prolonged housing crisis and sluggish consumption that can only be made worse by a new trade war with Washington.

But economists say punitive levies would also harm the American economy, and others further afield.

<h2>'Criminals and drugs'&nbsp;</h2>

China is an ally of Western pariahs Russia and North Korea and is building up its own military capacity while ramping up pressure on Taiwan, which it claims as part of its territory.

It is also expanding its reach into Latin America through infrastructure and other projects under its Belt and Road Initiative.

Xi on Thursday inaugurated South America's first Chinese-funded port, in Chancay, north of Lima, even as a senior US official warned Latin American countries to be vigilant when it comes to Chinese investment.

Biden, meanwhile, will on Friday meet Japanese Prime Minister Shigeru Ishiba and South Korean President Yoon Suk Yeol -- key US allies in Asia.

Travelling with Biden, National Security Advisor Jake Sullivan said the partner nations will announce the creation of a secretariat to ensure their alliance "will be an enduring feature of American policy."

China isn't the only country in Trump's economic crosshairs.

The incoming US leader has threatened tariffs of 25 per cent or more on goods coming from Mexico -- another APEC member -- unless it stops an "onslaught of criminals and drugs" crossing the border.

Peru has deployed more than 13,000 members of the armed forces to keep the peace in Lima as transport workers and shop owners launched three days of protests against crime and perceived government neglect.

Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION&nbsp;audience.

US President Joe Biden and Chinese counterpart Xi Jinping will attend the first day of an Asia-Pacific leaders' summit Friday ahead of a face-to-face meeting under a cloud of diplomatic uncertainty cast by Donald Trump's election victory.

US President Joe Biden and Chinese counterpart Xi Jinping will attend the first day of an Asia-Pacific leaders' summit Friday ahead of a face-to-face meeting under a cloud of diplomatic uncertainty cast by Donald Trump's election victory. Biden and Xi are due to hold talks on Saturday, in what a US administration official said will probably be the last meeting between the sitting leaders of the world's largest economies before Trump is sworn in in January. With the Republican president-elect having signalled a confrontational approach to Beijing for his second term, the bilateral meeting will be a closely watched affair. Xi and Biden arrived in Lima Thursday along with other world leaders for a two-day heads-of-state meeting of the Asia-Pacific Economic Cooperation (APEC) grouping. APEC, created in 1989 with the goal of regional trade liberalization, brings together 21 economies that jointly represent about 60 per cent of world GDP and over 40 per cent of global commerce. Also read: Starting Latin America trip, Xi Jinping opens huge port in Peru funded by China The summit program was to focus on trade and investment for what proponents dubbed inclusive growth. But uncertainty over Trump's next moves now clouds the agenda -- as it does for the COP29 climate talks underway in Azerbaijan, and a G20 summit in Rio de Janeiro next week. On Thursday, APEC ministers, including US Secretary of State Antony Blinken, held their own meeting behind closed doors in Lima to set the tone for the summit to follow. Trump announced this week he will replace Blinken with Senator Marco Rubio, a China hawk. 'America First' The summit will also be attended by Japan, South Korea, Canada, Australia and Indonesia, among others. President Vladimir Putin of APEC member Russia will not be present. Trump's "America First" agenda is based on protectionist trade policies, increased domestic fossil fuel extraction, and avoiding foreign conflicts. Watch | China's Xi Arrives In Lima For APEC Meeting, State Visit To Peru × It threatens alliances Biden has built on issues ranging from the wars in Ukraine and the Middle East to climate change and commerce. The Republican president-elect has threatened tariffs of up to 60 per cent on imports of Chinese goods to even out what he says is an imbalance in bilateral trade. China is grappling with a prolonged housing crisis and sluggish consumption that can only be made worse by a new trade war with Washington. But economists say punitive levies would also harm the American economy, and others further afield. 'Criminals and drugs' China is an ally of Western pariahs Russia and North Korea and is building up its own military capacity while ramping up pressure on Taiwan, which it claims as part of its territory. It is also expanding its reach into Latin America through infrastructure and other projects under its Belt and Road Initiative. Xi on Thursday inaugurated South America's first Chinese-funded port, in Chancay, north of Lima, even as a senior US official warned Latin American countries to be vigilant when it comes to Chinese investment. Biden, meanwhile, will on Friday meet Japanese Prime Minister Shigeru Ishiba and South Korean President Yoon Suk Yeol -- key US allies in Asia. Travelling with Biden, National Security Advisor Jake Sullivan said the partner nations will announce the creation of a secretariat to ensure their alliance "will be an enduring feature of American policy." China isn't the only country in Trump's economic crosshairs. The incoming US leader has threatened tariffs of 25 per cent or more on goods coming from Mexico -- another APEC member -- unless it stops an "onslaught of criminals and drugs" crossing the border. Peru has deployed more than 13,000 members of the armed forces to keep the peace in Lima as transport workers and shop owners launched three days of protests against crime and perceived government neglect. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Biden, Xi to attend Asia-Pacific summit, to hold talks on Saturday

Chinese President&nbsp;Xi&nbsp;Jinping&nbsp;on Thursday inaugurated Latin America's first Beijing-funded port in Chancay, Peru -- a symbol of the Asian superpower's growing influence on the continent as it prepares to face off with a new Donald Trump administration.

The $3.5-billion complex, about 50 miles (80 kilometers) north of Lima, is meant to serve as a hub for Chinese trade as the country is under threat of major tariff hikes once Trump reenters the White House for a second term.

The port was officially opened in a ceremony overseen virtually by&nbsp;Xi&nbsp;and Peruvian counterpart Dina Boluarte from Lima, where they will attend an Asia-Pacific Economic Cooperation (APEC) summit on Friday and Saturday.

"China plays a major role in the growth of our economy," Boluarte said at the event, even as a US official warned Latin American nations should be vigilant on Chinese investment.

"We believe it is essential that countries across the hemisphere ensure that PRC (People's Republic of China) economic activities respect local laws as well as safeguard human rights and environmental protections," Brian Nichols, the top US diplomat for Latin America, said in Lima.

Xi, for his part, said the port would help "promote connectivity" between South America and China.

"We are witnessing... the birth of a new land-sea channel between Asia and Latin America in the new era,"&nbsp;Xi&nbsp;said

US President Joe Biden also arrived Thursday to attend the APEC summit in Peru, which Nichols described as a "crucial ally."

<h2>Belt and Road&nbsp;</h2>

Peru,&nbsp;one of Latin America's fastest-growing economies over the past decade, is China's fourth-largest Latin American trading partner, with bilateral flows of nearly $36 billion in 2023.

Chancay port will also serve Chile, Colombia, Ecuador and other South American countries, allowing them to skirt ports in Mexico and the United States as they trade with Asia.

Chancay is the latest addition to a vast collection of railways, highways and other infrastructure projects built under China's massive Belt and Road Initiative to stimulate trade and boost Beijing's political clout.

Hong Kong-listed Cosco Shipping Ports, which owns 60 percent of the port, has a 30-year concession to operate the terminal and has forecast it will handle up to a million containers in its first year of operation.

Cosco Shipping Ports is a subsidiary of China's COSCO Shipping Corporation.

The port's maximum depth is 17.8 meters (58.4 feet), allowing it to handle the world's biggest container ships.

Chancay, a fishing town of some 50,000 inhabitants, was chosen for its strategic location in the heart of South America.

It is now expected to become a major hub for imports of Asian electronics, textiles and other consumer goods and for the export of minerals -- including lithium and copper.

Xi&nbsp;described the complex as South America's "first smart and green port."

Once completed, he said, it will reduce the transit between China and Peru by more than 10 days, and cut logistics costs by over 20 percent.

Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Chinese President Xi Jinping on Thursday inaugurated Latin America's first Beijing-funded port in Chancay, Peru -- a symbol of the Asian superpower's growing influence on the continent as it prepares to face off with a new Donald Trump administration.

Chinese President Xi Jinping on Thursday inaugurated Latin America's first Beijing-funded port in Chancay, Peru -- a symbol of the Asian superpower's growing influence on the continent as it prepares to face off with a new Donald Trump administration. The $3.5-billion complex, about 50 miles (80 kilometers) north of Lima, is meant to serve as a hub for Chinese trade as the country is under threat of major tariff hikes once Trump reenters the White House for a second term. The port was officially opened in a ceremony overseen virtually by Xi and Peruvian counterpart Dina Boluarte from Lima, where they will attend an Asia-Pacific Economic Cooperation (APEC) summit on Friday and Saturday. "China plays a major role in the growth of our economy," Boluarte said at the event, even as a US official warned Latin American nations should be vigilant on Chinese investment. "We believe it is essential that countries across the hemisphere ensure that PRC (People's Republic of China) economic activities respect local laws as well as safeguard human rights and environmental protections," Brian Nichols, the top US diplomat for Latin America, said in Lima. Xi, for his part, said the port would help "promote connectivity" between South America and China. "We are witnessing... the birth of a new land-sea channel between Asia and Latin America in the new era," Xi said US President Joe Biden also arrived Thursday to attend the APEC summit in Peru, which Nichols described as a "crucial ally." Belt and Road Peru, one of Latin America's fastest-growing economies over the past decade, is China's fourth-largest Latin American trading partner, with bilateral flows of nearly $36 billion in 2023. Chancay port will also serve Chile, Colombia, Ecuador and other South American countries, allowing them to skirt ports in Mexico and the United States as they trade with Asia. Chancay is the latest addition to a vast collection of railways, highways and other infrastructure projects built under China's massive Belt and Road Initiative to stimulate trade and boost Beijing's political clout. Hong Kong-listed Cosco Shipping Ports, which owns 60 percent of the port, has a 30-year concession to operate the terminal and has forecast it will handle up to a million containers in its first year of operation. Cosco Shipping Ports is a subsidiary of China's COSCO Shipping Corporation. The port's maximum depth is 17.8 meters (58.4 feet), allowing it to handle the world's biggest container ships. Chancay, a fishing town of some 50,000 inhabitants, was chosen for its strategic location in the heart of South America. It is now expected to become a major hub for imports of Asian electronics, textiles and other consumer goods and for the export of minerals -- including lithium and copper. Xi described the complex as South America's "first smart and green port." Once completed, he said, it will reduce the transit between China and Peru by more than 10 days, and cut logistics costs by over 20 percent. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Starting Latin America trip, Xi Jinping opens huge port in Peru funded by China

The 31st APEC Economic Leaders' Meeting is being held in Peru's capital, Lima. The Peruvian president, Dina Boluarte, has opened the summit and she has bilateral meetings lined up as Asia-Pacific leaders fly in.

China's Xi Arrives In Lima For APEC Meeting, State Visit To Peru

U.S. President Joe Biden and Chinese President Xi Jinping are set to hold talks in Lima, Peru, on the sidelines of the APEC summit. The meeting aims to address key issues in U.S.-China relations, including trade, security, and global economic challenges.

Joe Biden and Xi Jinping To Meet In Lima At The Sidelines Of APEC

China showcased its second fifth-generation stealth fighter jet this week, the J-35A, at the country’s premier aviation exhibition in Zhuhai. Watch this report for more tech-related updates.

China's 15th Airshow Showcases Futuristic Aircraft With Stealth Designs

Pakistan has proposed deploying ex-military personnel to enhance the security of Chinese nationals working on infrastructure projects in Sindh province. The move aims to address safety concerns amid rising threats to Chinese citizens in the region.

Pakistan Proposes Ex-Military Personnel for Security of Chinese Nationals in Sindh

Authorities in the southern Chinese city of Zhuhai on Wednesday removed wreaths, candles and offerings at the scene of a deadly car rampage that killed at least 35 people and injured dozens more on Monday. Watch this report for more details!

China Removes Memorials to Car Ramming Attack Victims

The sit down between Chinese President Xi Jinping and incumbent US President Joe Biden will take place on the sidelines of APEC Summit. This will likely be the pair's third and the most likely final face-to-face before Biden steps down in January. Experts say that the meeting between Xi and Biden could help ease concerns about the US-China issue. Watch in for more details!

Will Xi's Final Summit With Biden Ease U.S-China Tensions?

China and Russia's bonhomie was on full display at an air show in China in Zhuhai. Beijing unveiled fifth-generation fighter jets which are aimed at challenging American air power. Now here is how Russia's deadly war machine, the Su-57, was the showstopper. Take a look at this report.

China Airshow 2024: J-35A & Su 57 Steal The Spotlight At The Zhuhai Air Show

Indian Defence Minister Rajnath Singh and Chinese Defence Minister Dong Jun are likely to meet next week in Laos on the sidelines of the ASEAN Defence Minister's Plus meeting (ADMM+). Watch this report for more details!

Indian And Chinese Defence Ministers to Meet in Laos Next Week

Chinese linked hackers have allegedly breached several US Telecom networks assessing data originally attending intended for American law enforcement. Watch in for more details!

Chinese Hackers Allegedly Target US Law Enforcement Data

China is focused on changing its tax structure on residential property transactions. This they are doing to lower the cost of ownership and to try to extend fresh incentives to a wider pool of buyers.

China is focused on changing its tax structure on residential property transactions. This they are doing to lower the cost of ownership and to try to extend fresh incentives to a wider pool of buyers. These are some measures taken by the nations government to arrest a four-year slump, according to a detailed report by the South China Morning Post. Benefits for first time buyers from December 1 First-time buyers will enjoy a 1 per cent deed tax on homes measuring 140 sq m (1,507 sq ft) and below from December 1, the Ministry of Finance said on Wednesday, while a 1.5 per cent rate will be taxed on purchase of units above that size. The existing threshold is 90 sq m, whereas for second home purchases, a 2 per cent deed tax will only hit transactions involving units starting from 140 sq m instead of 90 sq m, it added, the South China Morning Post report explained further. The new structure will be standardised nationwide, the concerned ministry said, implying the rates in top tier-1 cities like Beijing, Shanghai, Guangzhou and Shenzhen will fall from 3 per cent for transactions involving larger units and second home purchases. Views of the Vice President of E-House China Real Estate Research Institute “It’s a pretty sizeable move which will directly boost demand for medium to large-sized homes, specifically those above 90 sq m, by reducing transaction costs,” said Yan Yuejin, vice-president of the Shanghai-based E-House China Real Estate Research Institute. Rates will be more aligned nationwide, further supporting the market recovery, he added, as explained in the South China Morning Post report. The plans to boost housing transactions follow calls from regional authorities in recent months to remove the distinctions between standard and non-standard homes. In mainland China, houses measuring at least 144 sq m are deemed above average and non-standard, the South China Morning Post explained further. In the later part of September, the Chinese administration introduced these remedial measures to rescue the nation’s property and stock markets. The overall goal was to revive the economy, after initial hiccups with stopgap measures since the end of the Covid-19 pandemic. It is also crucial to note that the Chinese economy grew 4.6 per cent in the third quarter, slowing from 4.7 per cent in the preceding three months, below the official 5 per cent annual target, according to official figures. Possibility of more incentives remain More incentives are anticipated, according to Jeff Zhang, an equity analyst in Hong Kong at US research firm Morningstar. Home sellers could expect a 5 per cent value-added tax on properties sold within two years to be removed, he said, while a potential reduction in personal income taxes could further boost overall consumption. In another move to support homebuyers, the government in the southern technological hub of Shenzhen is considering handing out bigger loans to support homebuyers. It’s mulling raising the upper limit of housing provident fund loans for individuals to 600,000 yuan from 500,000 yuan. The limit for households could be raised to 1.1 million yuan from 900,000 yuan. Therefore, as things evolve, market participants and global investors will carefully follow these developments in China's crisis hit property market. As these developments along with the government support is going to define the trajectory of the Chinese economy.

To boost property sales, China unveils new tax breaks: Report

Hong Kong stocks lost ground for the fourth consecutive day, this is now the longest decline in two months, as investors digested the absence of a more meaningful and forceful stimulus from China along with the fallout of Donald Trump’s re-election, according to a detailed report by the South China Morning Post. <o:p></o:p>

The Hang Seng Index lost 0.1 per cent of its value and touched 19,823.45 on closing, completing a 5.4 per cent loss in the four-day run. Whereas the Hang Seng Tech Index dropped by about 0.1 per cent.<o:p></o:p>

China indices bucked the trend<o:p></o:p>

China benchmarks bucked the trend by going against this direction. The CSI 300 Index rose 0.6 per cent, and the Shanghai Composite Index also added 0.5 per cent.<o:p></o:p>

Biopharmaceutical firm Wuxi AppTec and affiliate Wuxi Biology led the pack of decliners. Investors will also shift focus on a slew of earnings by major companies such as Tencent Holdings and Meituan this week, detailed the South China Morning Post report further. <o:p></o:p>

Hang Seng Index fell below 20,000 for the first time since September 26<o:p></o:p>

The Hang Seng Index closed below the 20,000-point mark for the first time since September 26 on Tuesday as investors moved to a defensive mode after the disappointing outcome of China’s legislative meeting last week. <o:p></o:p>

The legislature’s standing committee only approved bond issuances to address local-debt issues, bringing down expectations of more measures to boost consumption and the employment rate.<o:p></o:p>

“The current weakness seen in the Hong Kong stock market has been attributed to the lack of details of the promised fiscal stimulus measures from China to negate the ongoing deflationary spiral,” said Kelvin Wong, an analyst at Oanda. <o:p></o:p>

He further stated that financial market participants have started losing confidence in the timing and willingness of China’s top policymakers to enact hard hitting measures to jump start consumer spending. <o:p></o:p>

Threat of Trump trade and tariffs looms<o:p></o:p>

The threat of Trump trade also put investors in Asia on the defensive. The US president-elect favours higher tariffs, trade protectionism and tax cuts, policies that will heighten geopolitical tensions, stoke inflation and hamper interest-rate cuts. <o:p></o:p>

The trading pattern has already been reflected in some asset classes, with the yield in US Treasuries rising and gold prices falling from a record. Further, Bitcoin has also risen rapidly since the US election results. <o:p></o:p>

UBS Global Wealth Management, a segment of the biggest bank in Switzerland,&nbsp;reduced its forecast for Chinese stocks due to the possibility of additional US tariffs and disappointing stimulus.<o:p></o:p>

In this environment of geo-political tensions, global investors will now focus on the economic steps taken by the upcoming Trump administration. These developments will help investors in making more informed investment choices in future. <o:p></o:p>

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Hong Kong stocks lost ground for the fourth consecutive day, this is now the longest decline in two months, as investors digested the absence of a more meaningful and forceful stimulus from China along with the fallout of Donald Trump’s re-election, according to a detailed report by the South China Morning Post.

Hong Kong stocks lost ground for the fourth consecutive day, this is now the longest decline in two months, as investors digested the absence of a more meaningful and forceful stimulus from China along with the fallout of Donald Trump’s re-election, according to a detailed report by the South China Morning Post. The Hang Seng Index lost 0.1 per cent of its value and touched 19,823.45 on closing, completing a 5.4 per cent loss in the four-day run. Whereas the Hang Seng Tech Index dropped by about 0.1 per cent. China indices bucked the trend China benchmarks bucked the trend by going against this direction. The CSI 300 Index rose 0.6 per cent, and the Shanghai Composite Index also added 0.5 per cent. Biopharmaceutical firm Wuxi AppTec and affiliate Wuxi Biology led the pack of decliners. Investors will also shift focus on a slew of earnings by major companies such as Tencent Holdings and Meituan this week, detailed the South China Morning Post report further. Hang Seng Index fell below 20,000 for the first time since September 26 The Hang Seng Index closed below the 20,000-point mark for the first time since September 26 on Tuesday as investors moved to a defensive mode after the disappointing outcome of China’s legislative meeting last week. The legislature’s standing committee only approved bond issuances to address local-debt issues, bringing down expectations of more measures to boost consumption and the employment rate. “The current weakness seen in the Hong Kong stock market has been attributed to the lack of details of the promised fiscal stimulus measures from China to negate the ongoing deflationary spiral,” said Kelvin Wong, an analyst at Oanda. He further stated that financial market participants have started losing confidence in the timing and willingness of China’s top policymakers to enact hard hitting measures to jump start consumer spending. Threat of Trump trade and tariffs looms The threat of Trump trade also put investors in Asia on the defensive. The US president-elect favours higher tariffs, trade protectionism and tax cuts, policies that will heighten geopolitical tensions, stoke inflation and hamper interest-rate cuts. The trading pattern has already been reflected in some asset classes, with the yield in US Treasuries rising and gold prices falling from a record. Further, Bitcoin has also risen rapidly since the US election results. UBS Global Wealth Management, a segment of the biggest bank in Switzerland, reduced its forecast for Chinese stocks due to the possibility of additional US tariffs and disappointing stimulus. In this environment of geo-political tensions, global investors will now focus on the economic steps taken by the upcoming Trump administration. These developments will help investors in making more informed investment choices in future.

Hong Kong stocks cap longest losing streak in months on poor stimulus by China

Palau's president has accused China of flouting the Pacific nation's maritime borders, raising concerns about research vessels lurking "uninvited" within its waters.

Palau's president has accused China of flouting the Pacific nation's maritime borders, raising concerns about research vessels lurking "uninvited" within its waters. "We keep on raising flags and complaining about it, but they keep on sending them," said President Surangel Whipps Jr, the pro-US leader re-elected this week. "They continually don't respect our sovereignty and our boundaries and just continue to do these activities," he told AFP from Palau's commercial centre Koror. The most recent foray was detected earlier this week, Whipps told AFP on Tuesday evening, one day after claiming victory in presidential elections. "Once again, Chinese vessels are in our exclusive economic zone uninvited." In what appeared to be another deliberate prod, Chinese officials earlier this year bestowed new names on two underwater mountains already claimed by Palau, Whipps added. "They're now naming some of our seamounts Chinese names. Why? Why would you do that?" Also read | Russia bans 'Western propaganda' of childless lifestyle, violation would cost $4,000 A nation of some 20,000 people, Palau is one of the few countries to recognise Taiwan's claim to statehood. It is a stance that has angered China, which in recent years has persuaded a clutch of new Pacific friends to walk away from Taiwan in favour of Beijing. Whipps also voiced unease about Beijing's efforts to flex its muscles in the contested channels of the South China Sea. Chinese vessels have been involved in an escalating series of confrontations with the Philippine coast guard. The Palauan archipelago -- a string of limestone islands and coral atolls -- lies about 800 kilometres (500 miles) east of the Philippines. 'Peace through strength' Beijing has repeatedly brushed aside an international ruling that found its claims to most of the waterway have no legal basis. "It concerns us what is happening in the Philippines, the fights over those shoals," Whipps said. In the four years since first coming to power, Whipps has overseen the expansion of US military interests in Palau. This has included the ongoing construction of a long-range US radar outpost, a crucial early warning system as China ramps up military manoeuvres in the Taiwan Strait. Also read | Canada says 'not everyone is welcome' as Trump 2.0 mass deportations looms Whipps said Palau would soon dredge sections of its commercial port, making it deeper to allow more visits from US Navy ships. "I always like to quote (former US President) Reagan. Which is: peace through strength," he said. Palau gained independence in 1994 but allowed the US military to use its territory under a longstanding "Compact of Free Association" agreement. In return, the United States gives Palau hundreds of millions of dollars in budgetary support and assumes responsibility for its national defence. Strong ties with Palau give Washington "unilateral defence access across a critical swathe of the northern Pacific", said Kathryn Paik, a former adviser on US President Joe Biden's National Security Council. 'Paying the price' Palau's economy was largely built on tourism, dominated by Chinese holidaymakers who visited in droves to see pristine beaches and world-famous dive spots. But China effectively turned off the tap in 2017, unofficially blacklisting Palau as a destination after it refused to denounce Taiwan. Stripped of tens of thousands of tourists each year, Whipps said he had been on a mission to build up other sectors of the economy, such as fishing and even financial services. Also read | Neom CEO steps down as Saudi Arabia reduces scope of mega-projects "We tell our friends and allies that we need you to invest. The number one investor in the past has been China," he said. Palau was partnering with Japan, the United States and Taiwan to fill the gap, Whipps added. "We're paying the price because of our decision to continue our very important relationship with Taiwan. "We want to continue that friendship. And that's why it's so important for us to diversify our economy." Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Palau president says China flouting its ocean boundaries

The flying car developed by Chinese electric vehicle maker XPENG, completed its first public flight Tuesday at the 15th China International Aviation and Aerospace Exhibition, also known as Airshow China.

XPENG's Flying Car Makes First Flight at Airshow China 2024

China unveiled a new trimaran drone ship at the Zhuhai Airshow. It is a surface combatant called the "Killer Whale", which has been described as a miniature warship that can carry a wide array of weapons, like antiship missiles, antiaircraft missiles, torpedoes, and a drone helicopter on the rear deck.

China Touts New 'Killer Whale' Stealth Drone Ship

Air Show China, China's biggest air show, is on full display, showcasing the nation's military power and advanced aerospace technology to global spectators and potential buyers.

China Flexes Aerospace Muscles As Zhuhai Airshow Roars To Life

A look at the most advanced aircraft in the Russian Armed Forces, showcasing cutting-edge technology and design in fighter jets, bombers, and reconnaissance planes.

Most Modern Aircraft of Russian Armed Forces

China is stepping up its efforts to safeguard Chinese citizens on the Pakistan soil. Watch in for more details.

China Pushes To Join  Security Efforts For Citizens In Pakistan: Report

A car plowed through a crowd in the southern Chinese city of Zhaoqing, killing at least 35 people and injuring 43 others.

35 Killed In Deadly Car Ramming In China

In response to a recent attack in Karachi, China calls for enhanced joint security measures to protect its citizens in Pakistan, highlighting growing concerns over safety amid rising tensions.

China Urges Joint Security Measures for Its Citizens in Pakistan

Officials in southern China ramped up security on Wednesday at the site of one of the country's deadliest mass-casualty events in years, snuffing out makeshift memorials to the 35 people killed when a man drove a car into a crowd at a sports complex.

On Monday, the 62-year-old man surnamed Fan ploughed a small SUV through a gate to the complex in the city of Zhuhai and into crowds of people as they exercised on the roads inside, according to police.

An initial police statement said people had been injured but did not mention any deaths, and videos of the attack later appeared to be removed by China's internet censors.

As of Wednesday, the rampage had left 35 people dead and 43 with injuries not deemed life-threatening, according to state media.

AFP saw residents and delivery drivers laying bouquets at a gate outside the complex on Wednesday morning, but within minutes the flowers were carried behind a cordon fence.

"What happened wasn't a small incident," a woman of about 50 told AFP, requesting anonymity to protect her privacy.

Also read |&nbsp;<a href="https://www.wionews.com/world/mike-huckabee-says-west-bank-annexation-of-course-possible-in-trumps-second-term-775793">Mike Huckabee says West Bank annexation 'of course' possible in Trump's second term</a>

"We should remember those who passed away and not be so cold. I think more people in Zhuhai should come out here and lay some flowers in memorial," she added.

A hashtag related to the attack shot to number one on the popular Weibo social media site but had been removed by Wednesday afternoon.

Many comments appeared to have been removed or restricted, though some managed to slip through the cracks.

"Such vibrant lives, taken away like this, leaving families shattered. The perpetrator must be strictly punished," one user wrote.

<h2>Divorce 'dissatisfaction'&nbsp;</h2>

Police said Fan was apprehended at the scene but was in a coma after self-inflicted knife injuries, preventing them from interrogating him.

But the force said preliminary enquiries suggested the attack was "triggered by (Fan's) dissatisfaction with the division of property following his divorce".

Security at the scene was tight on Wednesday, with plainclothes officers using their bodies and umbrellas to block AFP reporters from taking photos and videos.

Since Tuesday night, journalists had observed people placing candles and flowers near the site of the attack to commemorate the victims.

But cleaning staff removed the memorials in the early hours of Wednesday, with some telling AFP they were acting on an "order from the top".

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Officials at the site said the items were being moved to a "mourning hall" inside the complex with no access to the public.

Footage of Monday's incident showed people lying motionless on the ground, while others were seen frantically attempting to resuscitate the seemingly unconscious.

Videos of the aftermath suggest the car roughly followed a busy exercise track on the western side of the sports centre, hurtling along the west side of the main stadium and the perimeter of another sports field in front of it.

Chinese President Xi Jinping urged "all-out efforts" to treat the injured and "demanded punishing the perpetrator in accordance with the law", according to state news agency Xinhua.

The incident took place as Zhuhai hosts China's largest airshow, showcasing Beijing's civil and military aerospace sector.

<h2>Spate of mass killings&nbsp;</h2>

Violent crime is generally rare in China compared to many Western countries, but the Asian nation has witnessed a spate of deadly attacks in recent months.

In several cases, Beijing has described the killings as isolated incidents, or the motives of the perpetrators have not been publicly disclosed.

After the Zhuhai attack, Xi called on authorities to "strictly guard against the occurrence of extreme cases", Xinhua reported.

Also read |&nbsp;<a href="https://www.wionews.com/world/top-un-official-describes-gaza-as-wasteland-of-rubble-says-civilians-face-daily-cruelty-at-israels-hands-775770">Top UN official describes Gaza as 'wasteland of rubble' says civilians face 'daily cruelty' at Israel's hands</a>

And Beijing's foreign ministry insisted Wednesday that "China is one of the safest places in the world".

The country would "continue to take measures to ensure people's safety and social stability," spokesman Lin Jian told a regular press briefing in Beijing.

A man killed three people and wounded 15 in a knife attack at a supermarket in Shanghai in October, while in July, police said a vehicle crashed into pedestrians in the central city of Changsha, killing eight.

Monday's incident is on a par with some of China's deadliest attacks in recent memory.

In 2014, 31 people were killed and 143 were wounded in a knife attack at a railway station in the southwestern city of Kunming that officials later blamed on terrorism.

The same year, a vehicle ramming and suicide bombing in the northwestern city of Urumqi killed 43 -- including four assailants -- and wounded more than 90. The incident was also deemed a terror attack.

Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

Officials in southern China ramped up security on Wednesday at the site of one of the country's deadliest mass-casualty events in years, snuffing out makeshift memorials to the 35 people killed when a man drove a car into a crowd at a sports complex.

Officials in southern China ramped up security on Wednesday at the site of one of the country's deadliest mass-casualty events in years, snuffing out makeshift memorials to the 35 people killed when a man drove a car into a crowd at a sports complex. On Monday, the 62-year-old man surnamed Fan ploughed a small SUV through a gate to the complex in the city of Zhuhai and into crowds of people as they exercised on the roads inside, according to police. An initial police statement said people had been injured but did not mention any deaths, and videos of the attack later appeared to be removed by China's internet censors. As of Wednesday, the rampage had left 35 people dead and 43 with injuries not deemed life-threatening, according to state media. AFP saw residents and delivery drivers laying bouquets at a gate outside the complex on Wednesday morning, but within minutes the flowers were carried behind a cordon fence. "What happened wasn't a small incident," a woman of about 50 told AFP, requesting anonymity to protect her privacy. Also read | Mike Huckabee says West Bank annexation 'of course' possible in Trump's second term "We should remember those who passed away and not be so cold. I think more people in Zhuhai should come out here and lay some flowers in memorial," she added. A hashtag related to the attack shot to number one on the popular Weibo social media site but had been removed by Wednesday afternoon. Many comments appeared to have been removed or restricted, though some managed to slip through the cracks. "Such vibrant lives, taken away like this, leaving families shattered. The perpetrator must be strictly punished," one user wrote. Divorce 'dissatisfaction' Police said Fan was apprehended at the scene but was in a coma after self-inflicted knife injuries, preventing them from interrogating him. But the force said preliminary enquiries suggested the attack was "triggered by (Fan's) dissatisfaction with the division of property following his divorce". Security at the scene was tight on Wednesday, with plainclothes officers using their bodies and umbrellas to block AFP reporters from taking photos and videos. Since Tuesday night, journalists had observed people placing candles and flowers near the site of the attack to commemorate the victims. But cleaning staff removed the memorials in the early hours of Wednesday, with some telling AFP they were acting on an "order from the top". Also read | Trump expected to try to halt Tik Tok ban: Report Officials at the site said the items were being moved to a "mourning hall" inside the complex with no access to the public. Footage of Monday's incident showed people lying motionless on the ground, while others were seen frantically attempting to resuscitate the seemingly unconscious. Videos of the aftermath suggest the car roughly followed a busy exercise track on the western side of the sports centre, hurtling along the west side of the main stadium and the perimeter of another sports field in front of it. Chinese President Xi Jinping urged "all-out efforts" to treat the injured and "demanded punishing the perpetrator in accordance with the law", according to state news agency Xinhua. The incident took place as Zhuhai hosts China's largest airshow, showcasing Beijing's civil and military aerospace sector. Spate of mass killings Violent crime is generally rare in China compared to many Western countries, but the Asian nation has witnessed a spate of deadly attacks in recent months. In several cases, Beijing has described the killings as isolated incidents, or the motives of the perpetrators have not been publicly disclosed. After the Zhuhai attack, Xi called on authorities to "strictly guard against the occurrence of extreme cases", Xinhua reported. Also read | Top UN official describes Gaza as 'wasteland of rubble' says civilians face 'daily cruelty' at Israel's hands And Beijing's foreign ministry insisted Wednesday that "China is one of the safest places in the world". The country would "continue to take measures to ensure people's safety and social stability," spokesman Lin Jian told a regular press briefing in Beijing. A man killed three people and wounded 15 in a knife attack at a supermarket in Shanghai in October, while in July, police said a vehicle crashed into pedestrians in the central city of Changsha, killing eight. Monday's incident is on a par with some of China's deadliest attacks in recent memory. In 2014, 31 people were killed and 143 were wounded in a knife attack at a railway station in the southwestern city of Kunming that officials later blamed on terrorism. The same year, a vehicle ramming and suicide bombing in the northwestern city of Urumqi killed 43 -- including four assailants -- and wounded more than 90. The incident was also deemed a terror attack. Disclaimer: This story has been published from a news agency feed with minimal edits to adhere to WION's style guide. The headline may have been changed to better reflect the content of the story or to make it more suitable for WION audience.

China snuffs out memorials to victims of deadly car rampage

China Urges Joint Security Measures for Its Citizens in Pakistan After Karachi Attack

In a shocking incident, at least 35 people were killed and 43 injured after a car ploughed into a crowd of people exercising outside a stadium in China's Zhuhai on Monday. Watch this report for more details!

China: 35 Killed, Dozens Wounded in Car Ramming

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