China is poised to set a new record for its trade surplus this year. That puts Beijing further at odds with some of the world's largest countries. The near-record trade surplus also heightens the global trade imbalance and likely provoke president-elect trump further. Watch in for more details!

China On Track For A Record Trade Surplus This Year

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

35 Killed in Deadly Car Ramming in China

At a massive air show in China, the nation displays its growing aerial power, featuring advanced fighter jets, drones, and cutting-edge military aviation technology.

China's Dominating Air Power on Display

The US dollar has long been a cornerstone of the global financial system, but its role is increasingly under scrutiny. With Donald Trump back in the white house, new uncertainties are emerging about the stability of dollar-denominated assets, especially for countries like china, which holds significant US Debt. Take a look at this report for more on this...

US-China Financial Tensions Loom As Trump Returns To Power

In China's southern city of Zhuhai, 35 people were killed after a driver plowed his car into a crowd of citizens exercising on Monday evening. More than 40 people were injured and hospitalized. The perpetrator is said to have committed the act as he was unhappy with the outcome of his divorce settlement.

Chinese Man Unhappy Over Divorce Rams Car Into Crowd, Killing 35 | Gravitas

China Voices Support For Pakistan; Highlights 'Ironclad Friendship, watch in for more updates!

China Voices Support For Pakistan; Highlights 'Ironclad Friendship'

35 Killed as Car Ploughs Into Crowd in China

China's Aerial Power at Massive Air Show

At the Zhuhai Airshow, China showcases its latest military technology, including cutting-edge stealth fighters and drones, underscoring its growing defense capabilities.

China's Zhuhai Airshow Unveils Advanced Stealth Fighters and Drones

Following the deadly attacks in Karachi on November 5, China expressed strong support for Pakistan, condemning the violence and offering condolences to the victims. Beijing reaffirmed its commitment to deepening bilateral ties and assisting Pakistan in combating terrorism, highlighting the resilience of their strategic partnership amid security challenges.

China Praises Pakistan After Nov 5 Karachi Attacks

A suspected hit-and-run attack by a 62-year-old man on Monday (November 11) evening at a sports centre in the southern Chinese city of Zhuhai, killed 35 people, and left 43 injured, China's state television CCTV reported.

A suspected hit-and-run attack by a 62-year-old man on Monday (November 11) evening at a sports centre in the southern Chinese city of Zhuhai, killed 35 people, and left 43 injured, China's state television CCTV reported. A video posted on social media following the attack showed chaotic scenes on the road outside the sports centre, with people gathered around the wounded lying on the road. Also read | Kai Trump drops Election Night vlog revealing behind-the-scenes moments from Trump's victory Another video showed police arriving at the scene of the attack. BREAKING: 🇨🇳 A man crashed his car on purpose into a crowd at a sports center in Zhuhai, China. Bodies are littered across the road, as medic teams rush to the site. pic.twitter.com/Rrg0YNCDve — Megatron (@Megatron_ron) November 11, 2024 × The attack came despite high security in the city for the upcoming major civil and military airshow. “It drove in a loop, and people were hurt in all areas of the running track - east, south, west, and north," an eyewitness told Caixin. Chinese President calls for 'severe punishment' Chinese President Xi Jinping called for Fan to be “severely punished in accordance with the law,” state media Xinhua News reported. Also read | Ex-Trump aides warn Israeli ministers not to assume he will support annexing West Bank: Report Caixin further reported that among the injured, many were elderly people, teenagers and children. The police, in a report, said they had taken a man surnamed Fan into custody for allegedly driving a small car into pedestrians outside the sports centre at 7:48 p.m. (1148 GMT) before driving away. The man was in a coma after harming himself with a knife in his car, police said, adding that he was still being treated and couldn’t be questioned. The police said that Fan was not happy with the division of property after his divorce, according to an initial investigation. (With inputs from agencies)

Chinese man kills at least 35 in hit-and-run car attack, was upset over divorce settlement

China's largest air show officially opened on Tuesday with Beijing showcasing its growing military might to potential customers and rivals alike. It's a show of strength for China. The star of Airshow China, held in the southern city of Zhuhai this year, is the new J-35A stealth fighter jet. Let's find out more about this stealth fighter. Watch in for more details!

China's New Arsenal, J-35 Stealth Fighter Debuts At Zhuhai Air Show

British pharmaceutical giant AstraZeneca on Tuesday said it takes "very seriously" China's investigations into potential illegal data collection and drug imports by the group that led to the detention of its China boss.&nbsp;

"We take the matters in China very seriously," chief executive Pascal Soriot said in a statement contained in the group's latest earnings release.&nbsp;

"If requested we will fully cooperate with the authorities. We remain committed to delivering innovative life-changing medicines to patients in China," he added.

The group last week confirmed Leon Wang, president of AstraZeneca China, had been detained.

China is a key market for AstraZeneca, developer of a Covid-19 jab widely administered throughout the world during the coronavirus pandemic.

AstraZeneca on Tuesday noted that China accounted for about 12 percent of its global revenues in the third quarter. Sales in the country jumped 15 percent in the July-September period.

Also read |&nbsp;<a href="https://www.wionews.com/world/victorian-man-tricks-wife-to-leave-australia-jailed-for-exit-trafficking-775473">Victorian man tricks wife to leave Australia, jailed for exit trafficking</a>

"The company is aware of a number of individual investigations by the Chinese authorities into current and former AstraZeneca employees," the drugs giant added in the latest statement.

"To the best of the company's knowledge, the investigations include allegations of medical insurance fraud, illegal drug importation and personal information breaches."&nbsp;

AstraZeneca said it "has not received any notification that it is itself under investigation".

The probes involved five current and former employees of the firm -- all with Chinese citizenship -- who are being led by authorities in the southern city of Shenzhen, according to Bloomberg.

One investigation related to the firm's collection of patient data, which authorities suspect may have breached Chinese privacy laws, the financial newswire also reported, citing people with knowledge of the situation.

Another probe related to imports of a liver cancer drug that had not been approved in mainland China, according to Bloomberg.

Also read |&nbsp;<a href="https://www.wionews.com/world/mauritius-opposition-leader-claims-sweeping-vote-win-775465">Mauritius opposition leader claims sweeping vote win</a>

UK-headquartered AstraZeneca has 90,000 employees globally.

Global firms have faced an increasingly difficult business environment in China in recent years, industry groups say, citing a lack of transparency on data laws and prolonged detentions of employees.

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.

British pharmaceutical giant AstraZeneca on Tuesday said it takes "very seriously" China's investigations into potential illegal data collection and drug imports by the group that led to the detention of its China boss.

British pharmaceutical giant AstraZeneca on Tuesday said it takes "very seriously" China's investigations into potential illegal data collection and drug imports by the group that led to the detention of its China boss. "We take the matters in China very seriously," chief executive Pascal Soriot said in a statement contained in the group's latest earnings release. "If requested we will fully cooperate with the authorities. We remain committed to delivering innovative life-changing medicines to patients in China," he added. The group last week confirmed Leon Wang, president of AstraZeneca China, had been detained. China is a key market for AstraZeneca, developer of a Covid-19 jab widely administered throughout the world during the coronavirus pandemic. AstraZeneca on Tuesday noted that China accounted for about 12 percent of its global revenues in the third quarter. Sales in the country jumped 15 percent in the July-September period. Also read | Victorian man tricks wife to leave Australia, jailed for exit trafficking "The company is aware of a number of individual investigations by the Chinese authorities into current and former AstraZeneca employees," the drugs giant added in the latest statement. "To the best of the company's knowledge, the investigations include allegations of medical insurance fraud, illegal drug importation and personal information breaches." AstraZeneca said it "has not received any notification that it is itself under investigation". The probes involved five current and former employees of the firm -- all with Chinese citizenship -- who are being led by authorities in the southern city of Shenzhen, according to Bloomberg. One investigation related to the firm's collection of patient data, which authorities suspect may have breached Chinese privacy laws, the financial newswire also reported, citing people with knowledge of the situation. Another probe related to imports of a liver cancer drug that had not been approved in mainland China, according to Bloomberg. Also read | Mauritius opposition leader claims sweeping vote win UK-headquartered AstraZeneca has 90,000 employees globally. Global firms have faced an increasingly difficult business environment in China in recent years, industry groups say, citing a lack of transparency on data laws and prolonged detentions of employees. 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.

Pharma giant AstraZeneca takes China probes 'very seriously'

China's New J-35 Stealth Fighter Debuts At Zhuhai Air Show

Global commodity markets have been in a holding pattern. The latest data from the top commodities consumer —China showing deflation threats lingering, deepens the gloom in commodities. Watch in for more details!

China's Economic Rescue Plan Disappoints Commodities Traders

China has rejected Philippine maritime claims, claiming the new legislation violates "severely" Beijing's territorial sovereignty in the South China Sea and its rights, and has pledged to protect its own interests.

South China Sea Tensions Escalate, China Rejects New Philippines Maritime Claims

Chinese researchers have released a video demonstrating the latest innovation in drone control – where a user can command a drone by simply swiping their fingers across a wearable touchpad. Watch in for more details!

Chinese Researchers Develop Touchpad for Remote Drone Control

China will unveil a new stealth fighter jet and attack drones at a major airshow this week, with analysts and rival powers watching closely for rare clues on Beijing's military hardware development.

The country's close ties with Moscow will also be on display at Airshow China, which showcases Beijing's civil and military aerospace sector every two years in the southern city of Zhuhai.&nbsp;

Beijing has poured resources into modernising and expanding its aviation capabilities as it faces off against the United States and others around regional flashpoints like Taiwan.&nbsp;

Record numbers of Chinese warplanes have been sent around the self-ruled democratic island, which Beijing claims as its territory, over the past few years.&nbsp;

The J-35A, described as a "medium-sized stealth multi-purpose fighter", looks similar in design to a US F-35, analysts say, though details are few.&nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/india-news/india-to-test-fire-over-1000-km-strike-range-anti-ship-ballistic-missile-775105">India to test fire over 1,000 km strike range anti-ship ballistic missile</a>

Its appearance at the show "can be interpreted as confirmation of its entry into service", Chinese military aviation expert Fu Qianshao told state-backed tabloid Global Times last week.

If confirmed, it would make China the only other known country in the world to have two stealth fighters in action after the United States, Fu said.&nbsp;

Another key piece of military hardware making its debut is the HQ-19 surface-to-air missile system, designed to intercept ballistic missiles and hypersonic glide vehicles, according to state media.&nbsp;

Also Read |&nbsp;<a href="https://www.wionews.com/south-asia/pakistan-issues-over-3000-visas-for-indian-sikh-pilgrims-to-attend-guru-nanak-jayanti-celebrations-775139">Pakistan issues over 3,000 visas for Indian Sikh pilgrims to attend Guru Nanak Jayanti celebrations</a>

While China has had to play catch-up with the United States when it comes to most traditional military technology, that might not be the case with drones, where China dominates the commercial market.

For the first time, the airshow will feature a dedicated drone zone, reflecting their increased prominence in daily life but also in war settings like the Ukraine conflict.

The SS-UAV -- a massive mothership that can rapidly release swarms of smaller drones for intelligence gathering, as well as strikes -- will be on display in Zhuhai, according to the South China Morning Post.&nbsp;

Moscow and Beijing have deepened military and defence ties since Russia ordered troops into Ukraine nearly three years ago, with Chinese President Xi Jinping one of Russian President Vladimir Putin's most important allies on the world stage.

The secretary of Russia's Security Council Sergei Shoigu will be at the airshow, and the country's most advanced jet, the Su-57 stealth fighter, will make a display flight.&nbsp;

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 will unveil a new stealth fighter jet and attack drones at a major airshow this week, with analysts and rival powers watching closely for rare clues on Beijing's military hardware development.

China will unveil a new stealth fighter jet and attack drones at a major airshow this week, with analysts and rival powers watching closely for rare clues on Beijing's military hardware development. The country's close ties with Moscow will also be on display at Airshow China, which showcases Beijing's civil and military aerospace sector every two years in the southern city of Zhuhai. Beijing has poured resources into modernising and expanding its aviation capabilities as it faces off against the United States and others around regional flashpoints like Taiwan. Record numbers of Chinese warplanes have been sent around the self-ruled democratic island, which Beijing claims as its territory, over the past few years. The J-35A, described as a "medium-sized stealth multi-purpose fighter", looks similar in design to a US F-35, analysts say, though details are few. Also Read | India to test fire over 1,000 km strike range anti-ship ballistic missile Its appearance at the show "can be interpreted as confirmation of its entry into service", Chinese military aviation expert Fu Qianshao told state-backed tabloid Global Times last week. If confirmed, it would make China the only other known country in the world to have two stealth fighters in action after the United States, Fu said. Another key piece of military hardware making its debut is the HQ-19 surface-to-air missile system, designed to intercept ballistic missiles and hypersonic glide vehicles, according to state media. Also Read | Pakistan issues over 3,000 visas for Indian Sikh pilgrims to attend Guru Nanak Jayanti celebrations While China has had to play catch-up with the United States when it comes to most traditional military technology, that might not be the case with drones, where China dominates the commercial market. For the first time, the airshow will feature a dedicated drone zone, reflecting their increased prominence in daily life but also in war settings like the Ukraine conflict. The SS-UAV -- a massive mothership that can rapidly release swarms of smaller drones for intelligence gathering, as well as strikes -- will be on display in Zhuhai, according to the South China Morning Post. Moscow and Beijing have deepened military and defence ties since Russia ordered troops into Ukraine nearly three years ago, with Chinese President Xi Jinping one of Russian President Vladimir Putin's most important allies on the world stage. The secretary of Russia's Security Council Sergei Shoigu will be at the airshow, and the country's most advanced jet, the Su-57 stealth fighter, will make a display flight. 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 set to reveal new stealth fighter jet and attack drones at Zhuhai airshow

After Donald Trump's landslide win, Global central bankers are preparing for their worst fears to materialise. Trump's campaign promises suggest inflationary risks will rise. The rising cost of living is what major central banks have been fighting since the pandemic-led surge in inflation.

Will global inflation surge its ugly head again? That is the question on major central banks' minds. The reason is Trump's policy pledges during the run-up to the presidential race. Tax cuts would further strain the US&nbsp;&nbsp;budget, tariffs on US imports would disrupt global trade, and deportations might reduce the availability of cheap labour.

The Federal Reserve may be less reluctant to cut interest rates in response to rising inflation. That is the most significant concern posed by Trump's policies. As a result, the Dollar is likely to strengthen and weigh on developing countries.

South Korea's finance minister, Choi Sang-Mok, said, "If the policy stance that's been stressed by president-elect Trump becomes realised, the impact on our economy is expected to be significant."

With the wars in West Asia and Europe already hurting disrupted supply chains, Trump's global tariffs come as a fresh threat. The risks are acute because inflation is already proving a challenge for many countries —even before any potential tariffs.

Over a third of major central banks are yet to bring inflation down to their targets. And just when everyone thought inflation risks were in the side-view mirror, Trump poses a new risk.

Alicia Garcia-Herrero, Chief Asia Pacific Economist at Natixis, said, “US markets may be cheering, but economies across Asia could be big losers.” She added, "Trump's policies would mean less room to cut just as central banks need it the most."

In response to the tariff threat, China's central bank fixed the Yuan at its lowest level since 2023 on Thursday. Even the FED is unclear about the economic impact. The risk now is that the shadow of tariffs complicates the central bank's efforts to tame inflation without hurting economic growth.

Separately, US labour costs surged more than expected in the September quarter. Those costs were also marked up for recent quarters, which risks fanning inflationary pressures. For now, bets on the lock-step global easing over the coming year are soon fading.

After Donald Trump's landslide win, Global central bankers are preparing for their worst fears to materialise. Trump's campaign promises suggest inflationary risks will rise.

After Donald Trump's landslide win, Global central bankers are preparing for their worst fears to materialise. Trump's campaign promises suggest inflationary risks will rise. The rising cost of living is what major central banks have been fighting since the pandemic-led surge in inflation. Will global inflation surge its ugly head again? That is the question on major central banks' minds. The reason is Trump's policy pledges during the run-up to the presidential race. Tax cuts would further strain the US budget, tariffs on US imports would disrupt global trade, and deportations might reduce the availability of cheap labour. The Federal Reserve may be less reluctant to cut interest rates in response to rising inflation. That is the most significant concern posed by Trump's policies. As a result, the Dollar is likely to strengthen and weigh on developing countries. South Korea's finance minister, Choi Sang-Mok, said, "If the policy stance that's been stressed by president-elect Trump becomes realised, the impact on our economy is expected to be significant." With the wars in West Asia and Europe already hurting disrupted supply chains, Trump's global tariffs come as a fresh threat. The risks are acute because inflation is already proving a challenge for many countries —even before any potential tariffs. Over a third of major central banks are yet to bring inflation down to their targets. And just when everyone thought inflation risks were in the side-view mirror, Trump poses a new risk. Alicia Garcia-Herrero, Chief Asia Pacific Economist at Natixis, said, “US markets may be cheering, but economies across Asia could be big losers.” She added, "Trump's policies would mean less room to cut just as central banks need it the most." In response to the tariff threat, China's central bank fixed the Yuan at its lowest level since 2023 on Thursday. Even the FED is unclear about the economic impact. The risk now is that the shadow of tariffs complicates the central bank's efforts to tame inflation without hurting economic growth. Separately, US labour costs surged more than expected in the September quarter. Those costs were also marked up for recent quarters, which risks fanning inflationary pressures. For now, bets on the lock-step global easing over the coming year are soon fading.

Central bankers worry about the inflation impact of Trump's policies

China wants Indonesia to join it in leading the global South. Chinese President Xi Jinping expressed this desire before his Indonesian counterpart, Prabowo Subianto, who visited China this weekend.

China President Xi Urges Indonesia To Join China In Leading Global South

In a shocking incident, a Chinese woman died after undergoing six cosmetic surgeries in a span of 24 hours after which her family filed a lawsuit against the clinic and sought 1.2 million yuan (US$168,000) as compensation.&nbsp;

The woman, who belonged to a rural area in Guigang, Guangxi province in southern China, had gone to a clinic in Nanning on December 9, 2020.&nbsp;

The woman had taken a loan of more than 40,000 yuan (US$5,600) for financing six cosmetic procedures.

On the afternoon of December 9, the woman spent five hours on double eyelid surgery and a nose job.

After this, she went through a liposuction procedure on her things and got fat injected in her face and breasts which also continued for five hours the next morning.

Also Read:&nbsp;<a href="https://www.wionews.com/science/scientists-have-found-more-than-3600-food-packaging-chemicals-in-human-bodies-759810">Scientists have found more than 3,600 food packaging chemicals in human bodies</a>

However, when the woman was discharged, she suddenly collapsed in front of the lift in the clinic.&nbsp;

The woman was taken to The Second Nanning People’s Hospital where doctors failed to save her.

In the autopsy report, it was mentioned that the woman died from “acute respiratory failure due to pulmonary embolism after liposuction”.

<h2>Family sues the clinic over woman's death</h2>

When the woman died, she had an eight-year-old daughter and a four-year-old son. The woman's family members filed a case against the clinic at Jiangnan District People’s Court of Nanning City and sought compensation of 1.18 million yuan (US$251,000).

“The clinic offered me 200,000 yuan as compensation. I said that at least one million yuan should be given for a person’s death. Even if we split the responsibility, it should still be at least 500,000 yuan. I refused their private settlement, and I said we should just go to court," said Liu’s husband.

After the hearings, the court was finally asked to pay 590,000 yuan ($82,181) to the woman's family as compensation.

“The assessment concluded that the clinic failed to assess the risk of venous blood embolism, identifying certain errors in their medical practices that were causally related to the patient’s death,” said Li Shan, who is a judge at Jiangnan District People’s Court of Nanning City.

<h2>Here's how netizens reacted to the incident</h2>

The state media CCTV reported the incident which garnered more than 50 million views on social media and also received severe backlash.

Also Read:&nbsp;<a href="https://www.wionews.com/entertainment/lifestyle/news-eu-agency-says-dangerous-and-banned-chemicals-found-in-hundreds-of-cosmetic-products-772894">EU agency says dangerous and banned chemicals found in hundreds of cosmetic products</a>

“Six surgeries in one day? Does the clinic have no common sense? Did they not consider the risk of complications, especially with liposuction, which can easily lead to blood clots?” said a person on the social media platform.

“This clinic has no conscience! They persuaded a rural woman to take 40,000 yuan in loan for cosmetic surgery. This is outrageous! And then they botched the procedures and even haggle over compensation. Are they even human?” wrote another.

“Dying in the pursuit of beauty. This is really beyond extreme,” said a third netizen.&nbsp;

(With inputs from agencies)

In a shocking incident, a Chinese woman died after undergoing six cosmetic surgeries in a span of 24 hours after which her family filed a lawsuit against the clinic and sought 1.

In a shocking incident, a Chinese woman died after undergoing six cosmetic surgeries in a span of 24 hours after which her family filed a lawsuit against the clinic and sought 1.2 million yuan (US$168,000) as compensation. The woman, who belonged to a rural area in Guigang, Guangxi province in southern China, had gone to a clinic in Nanning on December 9, 2020. The woman had taken a loan of more than 40,000 yuan (US$5,600) for financing six cosmetic procedures. On the afternoon of December 9, the woman spent five hours on double eyelid surgery and a nose job. After this, she went through a liposuction procedure on her things and got fat injected in her face and breasts which also continued for five hours the next morning. Also Read: Scientists have found more than 3,600 food packaging chemicals in human bodies However, when the woman was discharged, she suddenly collapsed in front of the lift in the clinic. The woman was taken to The Second Nanning People’s Hospital where doctors failed to save her. In the autopsy report, it was mentioned that the woman died from “acute respiratory failure due to pulmonary embolism after liposuction”. Family sues the clinic over woman's death When the woman died, she had an eight-year-old daughter and a four-year-old son. The woman's family members filed a case against the clinic at Jiangnan District People’s Court of Nanning City and sought compensation of 1.18 million yuan (US$251,000). “The clinic offered me 200,000 yuan as compensation. I said that at least one million yuan should be given for a person’s death. Even if we split the responsibility, it should still be at least 500,000 yuan. I refused their private settlement, and I said we should just go to court," said Liu’s husband. After the hearings, the court was finally asked to pay 590,000 yuan ($82,181) to the woman's family as compensation. “The assessment concluded that the clinic failed to assess the risk of venous blood embolism, identifying certain errors in their medical practices that were causally related to the patient’s death,” said Li Shan, who is a judge at Jiangnan District People’s Court of Nanning City. Here's how netizens reacted to the incident The state media CCTV reported the incident which garnered more than 50 million views on social media and also received severe backlash. Also Read: EU agency says dangerous and banned chemicals found in hundreds of cosmetic products “Six surgeries in one day? Does the clinic have no common sense? Did they not consider the risk of complications, especially with liposuction, which can easily lead to blood clots?” said a person on the social media platform. “This clinic has no conscience! They persuaded a rural woman to take 40,000 yuan in loan for cosmetic surgery. This is outrageous! And then they botched the procedures and even haggle over compensation. Are they even human?” wrote another. “Dying in the pursuit of beauty. This is really beyond extreme,” said a third netizen. (With inputs from agencies)

Woman goes through six cosmetic surgeries in one day, loses her life in China

China’s Property Sector Has Become A Major Point Of Concern. Economists Are Urging Beijing To Take Immediate Action To Avoid Potential Debt Shocks.

Rising Concerns Over China's Property Deb

Germany has arrested a US&nbsp;citizen suspected of offering intelligence on the US&nbsp;military to China that he had acquired while working for troops stationed in Germany, the federal prosecutor's office said in a statement on Thursday.

The man, identified only as Martin D.&nbsp;under German privacy law, is accused of having declared himself ready to work as an agent for a foreign intelligence agency, the statement said.

The accused had worked for US&nbsp;armed forces in Germany until recently, according to prosecutors.

In 2024, he is said to have contacted Chinese state positions and offered to share with them sensitive information to pass on to Chinese intelligence. He had gathered the information through his work for the military, prosecutors said.

Germany has warned of an increased risk of espionage from Beijing and arrested a number of people this year for alleged spy activities.

Also read:&nbsp;<a data-ved="2ahUKEwj3gOit68qJAxUoka8BHY07JC8QxfQBKAB6BAgKEAE" href="https://www.wionews.com/world/germanys-scholz-cancels-trip-to-cop-climate-summit-amid-pressure-to-call-vote-after-coalition-collapse-774470" jsname="YKoRaf" ping="/url?sa=t&amp;source=web&amp;rct=j&amp;opi=89978449&amp;url=https://www.wionews.com/world/germanys-scholz-cancels-trip-to-cop-climate-summit-amid-pressure-to-call-vote-after-coalition-collapse-774470&amp;ved=2ahUKEwj3gOit68qJAxUoka8BHY07JC8QxfQBKAB6BAgKEAE">Germany`s Scholz cancels trip to COP climate summit amid pressure to call vote after coalition collapse</a>

This includes three Germans arrested in April on suspicion of working to hand over technology that could strengthen China's navy, as well as a European Union staffer of a far-right politician accused of working with Chinese intelligence.

Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for the WION&nbsp;audience.

Germany has arrested a US citizen suspected of offering intelligence on the US military to China that he had acquired while working for troops stationed in Germany, the federal prosecutor's office said in a statement on Thursday.

Germany has arrested a US citizen suspected of offering intelligence on the US military to China that he had acquired while working for troops stationed in Germany, the federal prosecutor's office said in a statement on Thursday. The man, identified only as Martin D. under German privacy law, is accused of having declared himself ready to work as an agent for a foreign intelligence agency, the statement said. The accused had worked for US armed forces in Germany until recently, according to prosecutors. In 2024, he is said to have contacted Chinese state positions and offered to share with them sensitive information to pass on to Chinese intelligence. He had gathered the information through his work for the military, prosecutors said. Germany has warned of an increased risk of espionage from Beijing and arrested a number of people this year for alleged spy activities. Also read: Germany`s Scholz cancels trip to COP climate summit amid pressure to call vote after coalition collapse This includes three Germans arrested in April on suspicion of working to hand over technology that could strengthen China's navy, as well as a European Union staffer of a far-right politician accused of working with Chinese intelligence. Disclaimer: This story has been published from a news agency feed with minimal edits for grammar and punctuation. The headline may have been changed to better reflect the content of the story or to make it more suitable for the WION audience.

US citizen detained by Germany over alleged intel leak to China

China has revealed its latest stealth fighter jet, the J-35A, positioning itself as only the second nation after the USA to develop two types of stealth aircraft. Watch this report for more details!

China Reveals J-35A Stealth Fighter At Zhuhai Show

A 17-year-old Chinese girl, who was in the headlines for being a genius in a Mathematics contest, has been declared a cheater by the competition authorities, according to the South China Morning Post.

Jiang Ping, a fashion design student from a rural town, was hailed in June after she was ranked 12 in the qualifiers of an international maths contest run by Chinese e-commerce giant Alibaba.

The Chinese media reported that Pong was the first finalist who came from a lowly vocational school since the competition began in 2018. The rest of the finalists, 800 in total, were from elite universities.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/slice-of-royal-wedding-cake-from-1947-fetches-2800-at-an-auction-774540">Slice of royal wedding cake from 1947 fetches $2,800 at an auction</a>

Ping became an overnight star after her result as some people called her a "prodigy" on social media and press.&nbsp;

But soon doubts started rising about her abilities and the competition organiser confirmed on Sunday (Nov 3) that she cheated in the first round of the competition by taking help from her teacher, who was also a contestant in it.&nbsp;

As per media reports, the organisers said in a statement, "This has exposed problems like inadequacies in the competition format and the lack of rigour in supervision. We sincerely apologise."

According to the results announced, neither Ping nor her teacher was among the 86 winners in the competition.&nbsp;

<h2>Who was the mastermind?</h2>

The annual mathematics contest, hosted by Damo Academy (Alibaba’s research institute), is open to contestants from institutions across the world.

In 2024, Jiang, a student at Jiangsu Lianshui Secondary Vocational School, outperformed the rest of the finalists who were from various prestigious institutes.&nbsp;

Local media outlets reported that she chose the vocational school because she was interested in fashion design and her sibling along with her friends were also in the same school.

Also read |&nbsp;<a href="https://www.wionews.com/world/trumps-british-ally-nigel-farage-praises-very-bright-18-year-old-barron-trump-774533">Trump's British ally Nigel Farage praises 'very bright 18-year-old' Barron Trump</a>

But in June, some of the finalists published a joint letter demanding an investigation into Ping's case and to make her answers public. They alleged that she made several writing mistakes and also seemed unfamiliar with mathematical expressions and symbols.&nbsp;

Ping's teacher Wang Runqiu was given a warning from the school and was disqualified from the teachers; wards of the year, BBC reported,&nbsp;

After the confirmed actions in the case, many people on social media said that Ping was not the only culprit in the case. She was brought into such an act by adults and now she has been forced to suffer all the consequences.&nbsp;

(With inputs from agencies)

A 17-year-old Chinese girl, who was in the headlines for being a genius in a Mathematics contest, has been declared a cheater by the competition authorities, according to the South China Morning Post.

A 17-year-old Chinese girl, who was in the headlines for being a genius in a Mathematics contest, has been declared a cheater by the competition authorities, according to the South China Morning Post. Jiang Ping, a fashion design student from a rural town, was hailed in June after she was ranked 12 in the qualifiers of an international maths contest run by Chinese e-commerce giant Alibaba. The Chinese media reported that Pong was the first finalist who came from a lowly vocational school since the competition began in 2018. The rest of the finalists, 800 in total, were from elite universities. Also read | Slice of royal wedding cake from 1947 fetches $2,800 at an auction Ping became an overnight star after her result as some people called her a "prodigy" on social media and press. But soon doubts started rising about her abilities and the competition organiser confirmed on Sunday (Nov 3) that she cheated in the first round of the competition by taking help from her teacher, who was also a contestant in it. As per media reports, the organisers said in a statement, "This has exposed problems like inadequacies in the competition format and the lack of rigour in supervision. We sincerely apologise." According to the results announced, neither Ping nor her teacher was among the 86 winners in the competition. Who was the mastermind? The annual mathematics contest, hosted by Damo Academy (Alibaba’s research institute), is open to contestants from institutions across the world. In 2024, Jiang, a student at Jiangsu Lianshui Secondary Vocational School, outperformed the rest of the finalists who were from various prestigious institutes. Local media outlets reported that she chose the vocational school because she was interested in fashion design and her sibling along with her friends were also in the same school. Also read | Trump's British ally Nigel Farage praises 'very bright 18-year-old' Barron Trump But in June, some of the finalists published a joint letter demanding an investigation into Ping's case and to make her answers public. They alleged that she made several writing mistakes and also seemed unfamiliar with mathematical expressions and symbols. Ping's teacher Wang Runqiu was given a warning from the school and was disqualified from the teachers; wards of the year, BBC reported, After the confirmed actions in the case, many people on social media said that Ping was not the only culprit in the case. She was brought into such an act by adults and now she has been forced to suffer all the consequences. (With inputs from agencies)

Chinese maths 'Prodigy' cheated in contest, organisers confirm

China kicked off a fresh round of fiscal support on Friday for its sputtering economy with a package that eases debt repayment strains for local governments, with Finance Minister Lan Foan signalling further stimulus in the pipeline.

The world's second-largest economy has sputtered over the past year, facing strong deflationary pressures amid weak demand, a property crisis and mounting financing strains on local governments, with the outlook further clouded by the US election win by Donald Trump, who has threatened tariffs in excess of 60 per cent on all Chinese goods.

Beijing will let local governments allocate 10 trillion yuan ($1.40 trillion) towards reducing off-balance sheet, or "hidden" debts, officials said on Friday after a week-long parliament meeting, without disclosing any steps to boost sluggish consumer demand as many investor had hoped for.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/nvidia-surpasses-36-trillion-market-value-after-trump-win-774511">Nvidia surpasses $3.6 trillion market value after Trump election victory</a>

Local governments' debt quota will be raised by 6 trillion yuan and they would be able to use another 4 trillion yuan in issuance that has already been approved to finance the debt swaps, aimed at reducing systemic financial risks,

China's top legislative body, the standing committee of the National People's Congress (NPC), approved a bill raising the ceiling for local governments to issue special bonds to 35.52 trillion yuan from 29.52 trillion.

"I don't see anything that exceeds expectations," said Huang Xuefeng, research director at Shanghai Anfang Private Fund Co, in Shanghai.

"It's not huge if you look at the fiscal shortfalls due to the economic slowdown and land sales slump. The money is used to replace hidden debts, which means it doesn't create new work flows, so the support to GDP growth is not that direct."

The debt swaps, flagged in a Reuters report last week, aim to resolve local debt risks, Xu Hongcai, the vice chairman of the financial and economic affairs committee of the NPC, told a press conference in Beijing.

Finance Minister Lan, sitting next to Xu, said authorities will issue policies to support state sector purchases of unsold apartments and reclaim undeveloped residential land from property developers, as well as replenish the capital of big state banks.

Lan did not give details on the size or timing of those measures.

Larger-than-expected monetary stimulus in September fuelled unfettered investor speculation about a complementing, blockbuster fiscal programme to immediately boost activity, sending China shares sharply higher.

Debt swaps aim to repair damaged balance sheets and act as a growth stabiliser, rather than a potent growth stimulant.

Also read:&nbsp;<a href="https://www.wionews.com/business-economy/how-samsung-lagged-in-the-ai-race-resulting-in-a-126-billion-loss-774487">How Samsung lagged in the AI race, resulting in a $126 billion loss</a>

China is struggling to tackle the side effects from a mountain of debt left from previous stimulus since the global crisis of 2008 and 2009.

This includes hidden debt mainly racked up by local government financing vehicles (LGFVs), raised for infrastructure projects authorities deemed critical for development.

That debt overhang leaves them little room to fund new projects to boost ailing economic activity, however.

Lan said "hidden debt" of local governments stood at 14.3 trillion yuan at the end of 2023, which authorities planned to trim to 2.3 trillion yuan by 2028.

The International Monetary Fund estimates debts of LGVFs amounted to 60 trillion yuan at the end of 2023, or 47.6 per cent&nbsp;of GDP.

The debt swaps were expected to save 600 billion yuan in interest for local governments over five years.

LGFVs' debt pile - including loans, bonds and shadow credits - are seen as a growing source of systemic risk in China's financial system, especially in a shaky economy.

Central and local government debt totalled 147 trillion yuan at the end of 2023, or 117 per cent&nbsp;of GDP, according to the IMF.

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 kicked off a fresh round of fiscal support on Friday for its sputtering economy with a package that eases debt repayment strains for local governments, with Finance Minister Lan Foan signalling further stimulus in the pipeline.

China kicked off a fresh round of fiscal support on Friday for its sputtering economy with a package that eases debt repayment strains for local governments, with Finance Minister Lan Foan signalling further stimulus in the pipeline. The world's second-largest economy has sputtered over the past year, facing strong deflationary pressures amid weak demand, a property crisis and mounting financing strains on local governments, with the outlook further clouded by the US election win by Donald Trump, who has threatened tariffs in excess of 60 per cent on all Chinese goods. Beijing will let local governments allocate 10 trillion yuan ($1.40 trillion) towards reducing off-balance sheet, or "hidden" debts, officials said on Friday after a week-long parliament meeting, without disclosing any steps to boost sluggish consumer demand as many investor had hoped for. Also read: Nvidia surpasses $3.6 trillion market value after Trump election victory Local governments' debt quota will be raised by 6 trillion yuan and they would be able to use another 4 trillion yuan in issuance that has already been approved to finance the debt swaps, aimed at reducing systemic financial risks, China's top legislative body, the standing committee of the National People's Congress (NPC), approved a bill raising the ceiling for local governments to issue special bonds to 35.52 trillion yuan from 29.52 trillion. "I don't see anything that exceeds expectations," said Huang Xuefeng, research director at Shanghai Anfang Private Fund Co, in Shanghai. "It's not huge if you look at the fiscal shortfalls due to the economic slowdown and land sales slump. The money is used to replace hidden debts, which means it doesn't create new work flows, so the support to GDP growth is not that direct." The debt swaps, flagged in a Reuters report last week, aim to resolve local debt risks, Xu Hongcai, the vice chairman of the financial and economic affairs committee of the NPC, told a press conference in Beijing. Finance Minister Lan, sitting next to Xu, said authorities will issue policies to support state sector purchases of unsold apartments and reclaim undeveloped residential land from property developers, as well as replenish the capital of big state banks. Lan did not give details on the size or timing of those measures. Larger-than-expected monetary stimulus in September fuelled unfettered investor speculation about a complementing, blockbuster fiscal programme to immediately boost activity, sending China shares sharply higher. Debt swaps aim to repair damaged balance sheets and act as a growth stabiliser, rather than a potent growth stimulant. Also read: How Samsung lagged in the AI race, resulting in a $126 billion loss China is struggling to tackle the side effects from a mountain of debt left from previous stimulus since the global crisis of 2008 and 2009. This includes hidden debt mainly racked up by local government financing vehicles (LGFVs), raised for infrastructure projects authorities deemed critical for development. That debt overhang leaves them little room to fund new projects to boost ailing economic activity, however. Lan said "hidden debt" of local governments stood at 14.3 trillion yuan at the end of 2023, which authorities planned to trim to 2.3 trillion yuan by 2028. The International Monetary Fund estimates debts of LGVFs amounted to 60 trillion yuan at the end of 2023, or 47.6 per cent of GDP. The debt swaps were expected to save 600 billion yuan in interest for local governments over five years. LGFVs' debt pile - including loans, bonds and shadow credits - are seen as a growing source of systemic risk in China's financial system, especially in a shaky economy. Central and local government debt totalled 147 trillion yuan at the end of 2023, or 117 per cent of GDP, according to the IMF. 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 unveils $1.4 trillion debt relief package to revive its economy

China is extending visa-free entry to nationals from nine additional countries, including South Korea, Norway, Finland, and Slovakia, as part of its broader efforts to revive its tourism industry and strengthen diplomatic ties as detailed in a South China Morning Post report.

Starting November 8, citizens from these countries, along with Denmark, Iceland, Andorra, Monaco, and Liechtenstein, will be able to enter China without a visa for stays of up to 15 days for business, tourism, family visits, or transit purposes. This new policy will remain in effect until the end of 2025, increasing the total number of countries whose citizens enjoy visa-free access to 25, the South China Morning Post report detailed further.&nbsp;

The announcement came on the heels of a recent visit by Slovak Prime Minister Robert Fico to Beijing, where he discussed enhancing economic cooperation with China, particularly in the clean energy sector. Fico expressed Slovakia’s interest in joining the “Friends of Peace” initiative, a China-Brazil-led group focused on resolving the war in Ukraine through political dialogue.

His visit underscored Slovakia’s growing ties with China, despite tensions in the European Union, where the European Commission recently imposed tariffs on Chinese electric vehicles. Slovakia was one of the five EU nations that opposed these tariffs, viewing Chinese investments as crucial for its own growing electric vehicle industry.

China and European Union&nbsp;should maintain stable relations: Xi Jinping<o:p></o:p>

Chinese President Xi Jinping emphasised the importance of stable and mature relations between China and the European Union (EU), urging EU institutions to manage differences pragmatically and avoid politicizing trade and economic matters. Xi’s remarks reflect China’s ongoing efforts to balance its diplomatic outreach with its economic interests, particularly in light of recent EU tensions over trade policies.

The visa relaxation is also seen as a step toward easing tensions in China’s relations with South Korea. While the two nations maintain strong economic ties, their political relationship has been strained in recent years due to South Korea’s growing security partnership with the United States, especially under the leadership of President Yoon Suk-yeol.

Beijing has not had an ambassador in South Korea for more than three months, marking the longest diplomatic vacancy since the countries established formal ties. However, the new visa policy signals China’s desire to improve bilateral relations, even as its alignment with North Korea complicates matters.

China has been working to revitalize its tourism sector, which was significantly impacted by the COVID-19 pandemic and the strict travel restrictions that followed. Since easing these restrictions last year, the country has seen a notable uptick in foreign visitors. In the first half of 2024, China welcomed 14.64 million international visitors, a 152 per cent increase from the previous year. The number of visa-free entries during this period reached 8.5 million, accounting for 58 per cent of total inbound travel.

These figures highlight China’s growing appeal as a destination for business and leisure, with further increases expected as visa policies continue to ease.

The move to extend visa-free access is part of China’s broader strategy to boost tourism and economic recovery while strengthening diplomatic relations with key global players, particularly in Europe and Asia.

China on Trump’s US Presidential victory<o:p></o:p>

According to a report by Reuters, China expressed respect for the US election result and congratulated Donald Trump on his victory while an official newspaper called for a "pragmatic" approach to China-US relations to handle their differences properly.

Trump, a Republican who has promised to implement stiff tariffs, recaptured the White House with a sweeping victory over Democrat Kamala Harris in Tuesday's election.

"We respect the choice of the American people and congratulate Mr. Trump on his election as president," a Chinese foreign ministry spokesperson said in a statement late on Wednesday.

It is now to be seen how the two leading global economies will maintain relations going ahead, with Trump backing tariffs and trade restrictions that could complicate relations between both China and the US.

China is extending visa-free entry to nationals from nine additional countries, including South Korea, Norway, Finland, and Slovakia, as part of its broader efforts to revive its tourism industry and strengthen diplomatic ties as detailed in a South China Morning Post report.

China is extending visa-free entry to nationals from nine additional countries, including South Korea, Norway, Finland, and Slovakia, as part of its broader efforts to revive its tourism industry and strengthen diplomatic ties as detailed in a South China Morning Post report. Starting November 8, citizens from these countries, along with Denmark, Iceland, Andorra, Monaco, and Liechtenstein, will be able to enter China without a visa for stays of up to 15 days for business, tourism, family visits, or transit purposes. This new policy will remain in effect until the end of 2025, increasing the total number of countries whose citizens enjoy visa-free access to 25, the South China Morning Post report detailed further. The announcement came on the heels of a recent visit by Slovak Prime Minister Robert Fico to Beijing, where he discussed enhancing economic cooperation with China, particularly in the clean energy sector. Fico expressed Slovakia’s interest in joining the “Friends of Peace” initiative, a China-Brazil-led group focused on resolving the war in Ukraine through political dialogue. His visit underscored Slovakia’s growing ties with China, despite tensions in the European Union, where the European Commission recently imposed tariffs on Chinese electric vehicles. Slovakia was one of the five EU nations that opposed these tariffs, viewing Chinese investments as crucial for its own growing electric vehicle industry. China and European Union should maintain stable relations: Xi Jinping Chinese President Xi Jinping emphasised the importance of stable and mature relations between China and the European Union (EU), urging EU institutions to manage differences pragmatically and avoid politicizing trade and economic matters. Xi’s remarks reflect China’s ongoing efforts to balance its diplomatic outreach with its economic interests, particularly in light of recent EU tensions over trade policies. The visa relaxation is also seen as a step toward easing tensions in China’s relations with South Korea. While the two nations maintain strong economic ties, their political relationship has been strained in recent years due to South Korea’s growing security partnership with the United States, especially under the leadership of President Yoon Suk-yeol. Beijing has not had an ambassador in South Korea for more than three months, marking the longest diplomatic vacancy since the countries established formal ties. However, the new visa policy signals China’s desire to improve bilateral relations, even as its alignment with North Korea complicates matters. China has been working to revitalize its tourism sector, which was significantly impacted by the COVID-19 pandemic and the strict travel restrictions that followed. Since easing these restrictions last year, the country has seen a notable uptick in foreign visitors. In the first half of 2024, China welcomed 14.64 million international visitors, a 152 per cent increase from the previous year. The number of visa-free entries during this period reached 8.5 million, accounting for 58 per cent of total inbound travel. These figures highlight China’s growing appeal as a destination for business and leisure, with further increases expected as visa policies continue to ease. The move to extend visa-free access is part of China’s broader strategy to boost tourism and economic recovery while strengthening diplomatic relations with key global players, particularly in Europe and Asia. China on Trump’s US Presidential victory According to a report by Reuters, China expressed respect for the US election result and congratulated Donald Trump on his victory while an official newspaper called for a "pragmatic" approach to China-US relations to handle their differences properly. Trump, a Republican who has promised to implement stiff tariffs, recaptured the White House with a sweeping victory over Democrat Kamala Harris in Tuesday's election. "We respect the choice of the American people and congratulate Mr. Trump on his election as president," a Chinese foreign ministry spokesperson said in a statement late on Wednesday. It is now to be seen how the two leading global economies will maintain relations going ahead, with Trump backing tariffs and trade restrictions that could complicate relations between both China and the US.

China expands visa-free access for 9 more countries; congratulates Trump for victory

China has sentenced a former employee working for one of his state agencies to death for State Secrets. China's Ministry of State security said that the Spy provided large number of top secret and classified State secrets to foreign intelligence agencies.

China Executed Spy For Leaking Secrets

As Americans voted in one of the tightest presidential elections in decades, China braced for an outcome that - regardless of who wins - would spell four more years of bitter superpower rivalry over trade, technology and security issues.

Strategists in Beijing said that while they expected more fiery rhetoric and potentially crippling tariffs from Republican candidate Donald Trump, some said he could be driven by pragmatism and willingness to strike deals on trade and Taiwan.

From Democratic candidate Kamala Harris, Beijing expected predictability and a continuation of U.S. President Joe Biden's approach centred on working with allies on China-related issues such as tech curbs, Taiwan, and conflicts in Ukraine and the Middle East.

Either outcome was unlikely to cause a shift, said analysts, given how wide-ranging the geopolitical rivalry with Beijing has become, and how politically lethal even a perception of reaching out to China is on both sides of the aisle in Washington.

"Regardless of who is elected, the structural tensions are an undeniable reality and have become a widely accepted bipartisan consensus within the U.S.," said Henry Huiyao Wang of the Beijing-based Center for China and Globalization think tank.

China policies of either Trump or Harris administrations “will likely be strategically consistent," said experts from Peking University, Wang Jisi, Hu Ran, and Zhao Jianwei in their article in Foreign Affairs.

"As presidents, both candidates would present challenges and disadvantages for China, and neither seems likely to want a major military conflict or to cut off all economic and societal contacts," they said, adding that because of that, "Beijing is unlikely to have a clear preference."

Opinion polls show Trump, 78, and Harris, 60, virtually even. The winner may not be known for days after the vote, though Trump has already signalled that he will attempt to fight any defeat, as he did in 2020.

<a href="https://www.wionews.com/world/usha-vances-ancestral-village-holds-prayers-for-jd-vance-in-vadluru-773632">Also read:&nbsp;Usha Vance’s ancestral village holds prayers for JD Vance in Vadluru</a>

<h2>Trump tariff threat</h2>

The biggest difference with respect to China policy is on trade, where Trump has proposed tariffs on Chinese imports in excess of 60% and ending China’s most-favored-nation trading status.

That threat alone has unnerved China's industrial complex, which sells goods worth more than $400 billion annually to the U.S. and hundreds of billions more in components for products Americans buy from elsewhere.

Producers interviewed by Reuters expected the tariffs to disrupt supply chains and further shrink Chinese profits, hurting jobs, investment, and already sagging growth. A trade war would raise production costs and U.S. consumer prices even if factories relocated, they said.

New tariffs could be "very challenging for Beijing given the economic difficulties in China," said Zhao Minghao, professor at the Shanghai-based Fudan University.

He added that Beijing also had "deeper concerns over the future of the international economic and trade system," because of Trump's proposal for a 10% tariff on all goods from other countries.

Watch | US Elections: How will the US elections impact India-US relations?

<div class="ui-state-default" contenteditable="false">
<div class="twitter-block" draggable="false">
<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/us-elections-how-will-the-us-elections-impact-india-us-relations-773616/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>
</div>
<a class="close-mark close-div" href="#" id="jqclosemark">×</a></div>

Robert Lighthizer, Trump's trade adviser, has vowed to take a strategic decoupling approach in dealing with the U.S.-China economic relations, Zhao noted, "that means significantly decreasing U.S. dependence, U.S. economic ties with China, compared to the derisking approach emphasised by the Biden administration."

Harris is expected to keep tariffs on hundreds of billions of dollars worth of Chinese imports in place after a Biden administration review of those duties, which were first imposed by Trump.

Democrats have expanded tariffs in areas that they say were of strategic importance to Washington or, they say, threatened by Chinese overproduction, including electric vehicles.

<h2>East Asia alliances&nbsp;</h2>

Chinese analysts say that despite Trump's distrust of NATO and reluctance to work with Western allies, the network of alliances built up in East Asia over the last decade is likely to endure in case of his victory.

They refer to the QUAD alliance of India, Japan, Australia and the U.S., the AUKUS defence technology partnership between Australia, Britain and the U.S., and the trilateral networks between the U.S., its staunch ally Japan, and both South Korea and the Philippines, respectively.

"Even if Trump is unwilling to cooperate with allies, the multiple 'mini-multilateral' frameworks built in the Asia-Pacific region during the Biden administration are more likely to be continued," said Diao Daming, professor at Beijing's Renmin University.

As vice president, Harris has cultivated relationships in Asia with leaders who are wary of China's rise, from Japan to the Philippines and Vietnam, aiming for alliances to deter Chinese assertive posture in the region.

For his part, Trump has unnerved democratically governed Taiwan by saying it should pay Washington for its defence and that it had taken U.S. semiconductor business.

Asked in an interview with the Wall Street Journal if he would use military force against a blockade on Taiwan by China, Trump said it would not come to that because Xi respected him, instead vowing to impose additional tariffs on Beijing.

"Given Trump's predilection for dealmaking, he might decide to pursue bilateral agreements with Beijing on consumer goods, energy, and technology," said Wang, Hu, and Zhao of Peking University in Foreign Affairs.

"He might also try to use the Taiwan issue as a bargaining chip to gain leverage in other areas, such as offering to restrain Taiwan's provocative actions in exchange for Beijing’s compromise on trade," they said.

Still, they said China was "highly unlikely" to "agree to such a deal, and Trump's foreign policy advisers might also oppose it."

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.

As Americans voted in one of the tightest presidential elections in decades, China braced for an outcome that - regardless of who wins - would spell four more years of bitter superpower rivalry over trade, technology and security issues.

As Americans voted in one of the tightest presidential elections in decades, China braced for an outcome that - regardless of who wins - would spell four more years of bitter superpower rivalry over trade, technology and security issues. Strategists in Beijing said that while they expected more fiery rhetoric and potentially crippling tariffs from Republican candidate Donald Trump, some said he could be driven by pragmatism and willingness to strike deals on trade and Taiwan. From Democratic candidate Kamala Harris, Beijing expected predictability and a continuation of U.S. President Joe Biden's approach centred on working with allies on China-related issues such as tech curbs, Taiwan, and conflicts in Ukraine and the Middle East. Either outcome was unlikely to cause a shift, said analysts, given how wide-ranging the geopolitical rivalry with Beijing has become, and how politically lethal even a perception of reaching out to China is on both sides of the aisle in Washington. "Regardless of who is elected, the structural tensions are an undeniable reality and have become a widely accepted bipartisan consensus within the U.S.," said Henry Huiyao Wang of the Beijing-based Center for China and Globalization think tank. China policies of either Trump or Harris administrations “will likely be strategically consistent," said experts from Peking University, Wang Jisi, Hu Ran, and Zhao Jianwei in their article in Foreign Affairs. "As presidents, both candidates would present challenges and disadvantages for China, and neither seems likely to want a major military conflict or to cut off all economic and societal contacts," they said, adding that because of that, "Beijing is unlikely to have a clear preference." Opinion polls show Trump, 78, and Harris, 60, virtually even. The winner may not be known for days after the vote, though Trump has already signalled that he will attempt to fight any defeat, as he did in 2020. Also read: Usha Vance’s ancestral village holds prayers for JD Vance in Vadluru Trump tariff threat The biggest difference with respect to China policy is on trade, where Trump has proposed tariffs on Chinese imports in excess of 60% and ending China’s most-favored-nation trading status. That threat alone has unnerved China's industrial complex, which sells goods worth more than $400 billion annually to the U.S. and hundreds of billions more in components for products Americans buy from elsewhere. Producers interviewed by Reuters expected the tariffs to disrupt supply chains and further shrink Chinese profits, hurting jobs, investment, and already sagging growth. A trade war would raise production costs and U.S. consumer prices even if factories relocated, they said. New tariffs could be "very challenging for Beijing given the economic difficulties in China," said Zhao Minghao, professor at the Shanghai-based Fudan University. He added that Beijing also had "deeper concerns over the future of the international economic and trade system," because of Trump's proposal for a 10% tariff on all goods from other countries. Watch | US Elections: How will the US elections impact India-US relations? × Robert Lighthizer, Trump's trade adviser, has vowed to take a strategic decoupling approach in dealing with the U.S.-China economic relations, Zhao noted, "that means significantly decreasing U.S. dependence, U.S. economic ties with China, compared to the derisking approach emphasised by the Biden administration." Harris is expected to keep tariffs on hundreds of billions of dollars worth of Chinese imports in place after a Biden administration review of those duties, which were first imposed by Trump. Democrats have expanded tariffs in areas that they say were of strategic importance to Washington or, they say, threatened by Chinese overproduction, including electric vehicles. East Asia alliances Chinese analysts say that despite Trump's distrust of NATO and reluctance to work with Western allies, the network of alliances built up in East Asia over the last decade is likely to endure in case of his victory. They refer to the QUAD alliance of India, Japan, Australia and the U.S., the AUKUS defence technology partnership between Australia, Britain and the U.S., and the trilateral networks between the U.S., its staunch ally Japan, and both South Korea and the Philippines, respectively. "Even if Trump is unwilling to cooperate with allies, the multiple 'mini-multilateral' frameworks built in the Asia-Pacific region during the Biden administration are more likely to be continued," said Diao Daming, professor at Beijing's Renmin University. As vice president, Harris has cultivated relationships in Asia with leaders who are wary of China's rise, from Japan to the Philippines and Vietnam, aiming for alliances to deter Chinese assertive posture in the region. For his part, Trump has unnerved democratically governed Taiwan by saying it should pay Washington for its defence and that it had taken U.S. semiconductor business. Asked in an interview with the Wall Street Journal if he would use military force against a blockade on Taiwan by China, Trump said it would not come to that because Xi respected him, instead vowing to impose additional tariffs on Beijing. "Given Trump's predilection for dealmaking, he might decide to pursue bilateral agreements with Beijing on consumer goods, energy, and technology," said Wang, Hu, and Zhao of Peking University in Foreign Affairs. "He might also try to use the Taiwan issue as a bargaining chip to gain leverage in other areas, such as offering to restrain Taiwan's provocative actions in exchange for Beijing’s compromise on trade," they said. Still, they said China was "highly unlikely" to "agree to such a deal, and Trump's foreign policy advisers might also oppose it." 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 braces for more rivalry as tight US presidential race comes to an end

china

China, News on China, stories on China, articles on China, China stories at Wion, China news, China latest news