In a world increasingly marred in conflicts, more and more leaders are reaching out to find Common Ground. Joining the list is Italian Prime Minister Giorgia Meloni who is all said to embark on a high-stake visit to China. The trip is scheduled for July 26th to the 31st. Watch in for more details!

Italy: Meloni signs three-year action plan on her first official visit to China | World News | WION

A spokesperson for the Chinese foreign ministry has warned the US and Japan against "creating imaginary enemies" after the two countries criticized Beijing's behavior in the South China Sea. Watch in for more details!

China slams US and Japan of 'falsely accusing' it of maritime threats

Chinese investors are pouring money into two new Exchange-Traded Funds (ETFs) that track Saudi Arabian shares. This is driven by the demand surge for international assets due to the terrible performance of domestic stocks.

On their debut in Shanghai and Shenzhen on July 16, the Saudi-focused ETFs had a brisk start. Both funds soared over the daily 10 per cent limit on their first two trading days. Managers alerted the exchanges that the company's share price premium above its net asset value had grown too high. This led to their suspension for a portion of July 18.

An explanation for the excitement over the two ETFs could be the strengthening of China's and Saudi Arabia's economic and trade links.

A slew of multi-billion dollar partnerships spanning the tech industry, solar power, and electric cars have been announced in recent months by firms and sovereign funds from both sides.

Nelson Yan, co-chief investment officer at Fosun Wealth International in Hong Kong, said, 'Chinese investors are thirsty for better returns from overseas assets as the yield from China assets is too thin.' Yan added, 'The relationship between China and Saudi Arabia is good, investment-wise, and the geopolitics risk is smaller.'

The bet on Saudi Arabian stocks is hardly the first instance where Chinese investors have become smitten with the stocks of a specific nation. Optimism over ties between the two nations has investors keen to learn more, even though the Saudi market may seem more exotic to Chinese investors than US or Japanese shares.

The two Saudi Arabian Exchange-Traded Funds follow the performance of the FTSE Saudi Arabia index. The index ranks financials, basic commodities, and energy businesses as its top three components.

Three-quarters of the measure is accounted for by Saudi National Bank, Al Rajhi Bank, and Saudi Aramco. Is this a reflection of Saudi being a game changer? Is the kingdom gaining prominence in its new avatar? These themes will be in focus as Saudi transitions away from oil-related activity.

Chinese investors are pouring money into two new Exchange-Traded Funds (ETFs) that track Saudi Arabian shares. This is driven by the demand surge for international assets due to the terrible performance of domestic stocks.

Chinese investors are pouring money into two new Exchange-Traded Funds (ETFs) that track Saudi Arabian shares. This is driven by the demand surge for international assets due to the terrible performance of domestic stocks. On their debut in Shanghai and Shenzhen on July 16, the Saudi-focused ETFs had a brisk start. Both funds soared over the daily 10 per cent limit on their first two trading days. Managers alerted the exchanges that the company's share price premium above its net asset value had grown too high. This led to their suspension for a portion of July 18. An explanation for the excitement over the two ETFs could be the strengthening of China's and Saudi Arabia's economic and trade links. A slew of multi-billion dollar partnerships spanning the tech industry, solar power, and electric cars have been announced in recent months by firms and sovereign funds from both sides. Nelson Yan, co-chief investment officer at Fosun Wealth International in Hong Kong, said, 'Chinese investors are thirsty for better returns from overseas assets as the yield from China assets is too thin.' Yan added, 'The relationship between China and Saudi Arabia is good, investment-wise, and the geopolitics risk is smaller.' The bet on Saudi Arabian stocks is hardly the first instance where Chinese investors have become smitten with the stocks of a specific nation. Optimism over ties between the two nations has investors keen to learn more, even though the Saudi market may seem more exotic to Chinese investors than US or Japanese shares. The two Saudi Arabian Exchange-Traded Funds follow the performance of the FTSE Saudi Arabia index. The index ranks financials, basic commodities, and energy businesses as its top three components. Three-quarters of the measure is accounted for by Saudi National Bank, Al Rajhi Bank, and Saudi Aramco. Is this a reflection of Saudi being a game changer? Is the kingdom gaining prominence in its new avatar? These themes will be in focus as Saudi transitions away from oil-related activity.

'Game-changer' Saudi: Strong market debut for Saudi ETFs in China

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The financial markets experienced a significant development on Monday morning as shares of China Evergrande New Energy Vehicle, a prominent player in the electric vehicle sector, experienced a notable decline. The company's stock price fell by 7 per cent, reflecting investor concerns following news of potential bankruptcy proceedings for two of its key subsidiaries.

&nbsp;

This downturn in share value came in response to a critical announcement made by the company. According to a filing submitted to the Hong Kong stock exchange late on Sunday, two of China Evergrande New Energy Vehicle's units - Evergrande New Energy Vehicle (Guangdong) and Evergrande Smart Automotive (Guangdong) - had been served with notices from a local court. These notices pertained to an application filed on July 25 by individual creditors, seeking court approval for the initiation of bankruptcy proceedings and subsequent reorganisation of these units.

&nbsp;

The company's statement emphasised the gravity of this development, noting that the court notices would have "a material impact on the production and operating activities of the company and the relevant subsidiaries."&nbsp;

&nbsp;

This acknowledgment highlights the potential far-reaching consequences of these legal proceedings on the company's operations and future prospects.

&nbsp;

In the immediate aftermath of this news, the market reaction was swift and pronounced. As trading commenced on Monday morning, shares of China Evergrande New Energy Vehicle initially showed some resilience, registering early gains. However, this positive momentum was short-lived. The stock price quickly reversed course, dropping to HK dollar 0.295 per share, representing a 7 per cent decline from the previous closing price.

&nbsp;

This recent downturn is part of a broader trend of declining value for China Evergrande New Energy Vehicle's shares. The company's stock has been under significant pressure throughout the year, with its value plummeting by nearly 40 per cent since the beginning of 2023. This sustained decline reflects ongoing challenges faced by the company and broader concerns about its parent company, China Evergrande Group, which has been grappling with its debt crisis.

&nbsp;

The situation surrounding China's Evergrande New Energy Vehicle is emblematic of broader challenges facing China's property and automotive sectors. The electric vehicle industry, while promising, has become increasingly competitive, with numerous players vying for market share.&nbsp;

&nbsp;

The financial difficulties of the parent Evergrande Group have cast a shadow over its subsidiaries, including the electric vehicle arm.

&nbsp;

This latest development regarding potential bankruptcy proceedings for two key subsidiaries adds another layer of complexity to the company's challenges. It raises questions about the future viability of these units and the potential ripple effects on the broader operations of China's Evergrande New Energy Vehicle.

&nbsp;

Investors and industry observers will be closely monitoring how the company navigates these legal proceedings and what steps it may take to address its financial and operational challenges. The outcome of these bankruptcy applications and any subsequent reorganisation efforts could have significant implications not only for China Evergrande New Energy Vehicle but also for the broader landscape of China's electric vehicle industry.

&nbsp;

As the situation continues to evolve, it will be crucial to watch for any further announcements from the company, potential court decisions, and any strategic moves the company might make to stabilise its position in the market.&nbsp;

&nbsp;

The coming weeks and months are likely to be critical in determining the future trajectory of China's Evergrande New Energy Vehicle and its role in China's rapidly evolving electric vehicle sector.

The financial markets experienced a significant development on Monday morning as shares of China Evergrande New Energy Vehicle, a prominent player in the electric vehicle sector, experienced a notable decline.

The financial markets experienced a significant development on Monday morning as shares of China Evergrande New Energy Vehicle, a prominent player in the electric vehicle sector, experienced a notable decline. The company's stock price fell by 7 per cent, reflecting investor concerns following news of potential bankruptcy proceedings for two of its key subsidiaries. This downturn in share value came in response to a critical announcement made by the company. According to a filing submitted to the Hong Kong stock exchange late on Sunday, two of China Evergrande New Energy Vehicle's units - Evergrande New Energy Vehicle (Guangdong) and Evergrande Smart Automotive (Guangdong) - had been served with notices from a local court. These notices pertained to an application filed on July 25 by individual creditors, seeking court approval for the initiation of bankruptcy proceedings and subsequent reorganisation of these units. The company's statement emphasised the gravity of this development, noting that the court notices would have "a material impact on the production and operating activities of the company and the relevant subsidiaries." This acknowledgment highlights the potential far-reaching consequences of these legal proceedings on the company's operations and future prospects. In the immediate aftermath of this news, the market reaction was swift and pronounced. As trading commenced on Monday morning, shares of China Evergrande New Energy Vehicle initially showed some resilience, registering early gains. However, this positive momentum was short-lived. The stock price quickly reversed course, dropping to HK dollar 0.295 per share, representing a 7 per cent decline from the previous closing price. This recent downturn is part of a broader trend of declining value for China Evergrande New Energy Vehicle's shares. The company's stock has been under significant pressure throughout the year, with its value plummeting by nearly 40 per cent since the beginning of 2023. This sustained decline reflects ongoing challenges faced by the company and broader concerns about its parent company, China Evergrande Group, which has been grappling with its debt crisis. The situation surrounding China's Evergrande New Energy Vehicle is emblematic of broader challenges facing China's property and automotive sectors. The electric vehicle industry, while promising, has become increasingly competitive, with numerous players vying for market share. The financial difficulties of the parent Evergrande Group have cast a shadow over its subsidiaries, including the electric vehicle arm. This latest development regarding potential bankruptcy proceedings for two key subsidiaries adds another layer of complexity to the company's challenges. It raises questions about the future viability of these units and the potential ripple effects on the broader operations of China's Evergrande New Energy Vehicle. Investors and industry observers will be closely monitoring how the company navigates these legal proceedings and what steps it may take to address its financial and operational challenges. The outcome of these bankruptcy applications and any subsequent reorganisation efforts could have significant implications not only for China Evergrande New Energy Vehicle but also for the broader landscape of China's electric vehicle industry. As the situation continues to evolve, it will be crucial to watch for any further announcements from the company, potential court decisions, and any strategic moves the company might make to stabilise its position in the market. The coming weeks and months are likely to be critical in determining the future trajectory of China's Evergrande New Energy Vehicle and its role in China's rapidly evolving electric vehicle sector.

China Evergrande's EV arm drops after creditors seek bankruptcy proceedings for units

Typhoon Gaemi continues to wreak havoc in China. At least 12 people were killed after a mudslide hit a house in southeastern china on Sunday. This, as heavy rains from what remained of typhoon Gaemi drenched the region. Watch in for more details!

Typhoon Gaemi: At least 12 dead after landslide hits village in south east China

The US report, released on Monday, noted that Russia has in recent years beefed up its military presence in the Arctic, reopening and modernising several bases and airfields abandoned since the end of the Soviet era. China, meanwhile, has poured money into polar exploration and research to build a “Polar Silk Road”.

US wary of China-Russia cooperation in Arctic

The United States announced plans Sunday for a major revamp of its military command in Japan to deepen coordination with its ally's forces, as the two countries labelled China the "greatest strategic challenge" facing the region.

The US announces major revamp of military command in Japan

Maldives President Dr Mohamed Muizzu has thanked India for the debt relief that has economically helped his country. Addressing a gathering at the Maldives Centre for Social Education (MCSE) last week, the president expressed his "sincere gratitude" to China and India "for their support in easing the Maldives’ debt repayment, thereby enabling the country to ensure economic sovereignty", according to a statement from Maldives' president office.

The Indian government has provided budget support of $50 million to the Maldives. This support was in form of a rollover of a $50 million Treasury Bill, for an additional year, through the State Bank of India, Male, announced in May this year.

During this year's budget for FY 2024-2025, the Indian government allocated Rs 400 crore ($47.7 million) for infra development and community projects.

<a href="https://www.wionews.com/india-news/india-reaffirms-support-for-projects-in-maldives-741966">Also read |&nbsp;India reaffirms support for projects in Maldives</a>

The Maldives saw a significant increase in the revised Indian budget for FY 2023-2024, rising to Rs 770.90 crore ($91.9 million), indicating ongoing support for its major infrastructure projects.

The Maldives president also announced that his government is in negotiation with India to facilitate currency swap agreement.&nbsp;

This financial arrangement would enable the Maldives to address local shortages of US dollars, thereby helping the country manage its liquidity and hedge against foreign exchange risks more effectively

<a href="https://www.wionews.com/videos/india-maldives-review-withdrawal-of-indian-military-personnel-701519">Watch |&nbsp;India, Maldives review withdrawal of Indian military personnel</a>

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President Muizzu expressed "hope" for a free trade agreement with India. The country is currently negotiating a Free Trade Agreement (FTA) with the United Kingdom and is set to sign an FTA with Türkiye which is "nearing completion". The Maldives-Türkiye FTA would enable duty exemptions or reductions for 53 types of products.

Maldives President Dr Mohamed Muizzu has thanked India for the debt relief that has economically helped his country. Addressing a gathering at the Maldives Centre for Social Education (MCSE) last week, the president expressed his "sincere gratitude" to China and India "for their support in easing the Maldives’ debt repayment, thereby enabling the country to ensure economic sovereignty", according to a statement from Maldives' president office.

Maldives President Dr Mohamed Muizzu has thanked India for the debt relief that has economically helped his country. Addressing a gathering at the Maldives Centre for Social Education (MCSE) last week, the president expressed his "sincere gratitude" to China and India "for their support in easing the Maldives’ debt repayment, thereby enabling the country to ensure economic sovereignty", according to a statement from Maldives' president office. The Indian government has provided budget support of $50 million to the Maldives. This support was in form of a rollover of a $50 million Treasury Bill, for an additional year, through the State Bank of India, Male, announced in May this year. During this year's budget for FY 2024-2025, the Indian government allocated Rs 400 crore ($47.7 million) for infra development and community projects. Also read | India reaffirms support for projects in Maldives The Maldives saw a significant increase in the revised Indian budget for FY 2023-2024, rising to Rs 770.90 crore ($91.9 million), indicating ongoing support for its major infrastructure projects. The Maldives president also announced that his government is in negotiation with India to facilitate currency swap agreement. This financial arrangement would enable the Maldives to address local shortages of US dollars, thereby helping the country manage its liquidity and hedge against foreign exchange risks more effectively Watch | India, Maldives review withdrawal of Indian military personnel × President Muizzu expressed "hope" for a free trade agreement with India. The country is currently negotiating a Free Trade Agreement (FTA) with the United Kingdom and is set to sign an FTA with Türkiye which is "nearing completion". The Maldives-Türkiye FTA would enable duty exemptions or reductions for 53 types of products.

Maldives president thanks India for debt relief, hopes for FTA with New Delhi

China's 11-year-old 'rocket boy' has written over 600 lines of code and taught himself programming, physics, and chemistry. He also built his first homemade solid-fuel rocket. WION's Molly Gambhir tells you more!

Gravitas: China's 11-year-old 'rocket boy' who has written over 600 lines of code

Russian & Chinese Nuclear bombers fly near Alaska. Mexican drug lord El Mayo was arrested. Ethnic rebels oust Myanmar Junta from a strategic border town along China Mohammed Saleh gets you an in-depth analysis of the world's biggest warzones of the week in World At War.

Russian & Chinese Nuclear bombers fly near Alaska

US Secretary of State Antony Blinken reiterated Washington's concerns over Beijing's actions toward Taiwan and its support for Russia's war in Ukraine as he met his Chinese counterpart Wang Yi on Saturday. Blinken, who earlier called out China for escalating maritime tensions with the Philippines, talked extensively with Wang about Taiwan and Beijing's recent "provocative" actions toward the democratically governed island, a senior U.S. State Department official said.

Blinken in ASEAN: Blinken slams China's escalating actions in South China Sea

The much-anticipated Shanghai L*SNOW Indoor Skiing Theme Resort in coastal Lingang area will begin internal testing in August as ticket prices were announced on Friday.

China to open world's largest indoor ski resort

Sharp-shooting Chinese teenagers Sheng Lihao and Huang Yuting bagged the first Olympic Games gold medal on Saturday in the final of the 10-metre mixed team air rifle event. Sheng, who won an individual silver medal at the pandemic-delayed Tokyo Olympics three years ago at 16, and Huang, 17, kept their cool to edge past South Korea's Keum Ji-hyeon and Park Ha-jun 16-12.

Paris Olympics 2024: China win 10m air rifle mixed event

US-listed Chinese electric vehicle companies are outspending Tesla on research and development. Companies like Nio dedicated 29 percent of revenue to R&D in the first quarter. Meanwhile, Tesla's R&D expenditure stands at a comparatively modest 5.4 percent.

China’s Nio outspends Tesla in R&D by over five times

The United States (US) said late Thursday (July 25) that a joint bomber patrol by Russia and China near Alaska was not a surprise. Addressing a press conference, US Defense Secretary Lloyd Austin said, "We closely monitored these aircraft, tracked the aircraft, intercepted the aircraft, and which demonstrates that our, you know, our forces are at the ready all the time and we have, we have very good surveillance capabilities.

The United States (US) said late Thursday (July 25) that a joint bomber patrol by Russia and China near Alaska was not a surprise. Addressing a press conference, US Defense Secretary Lloyd Austin said, "We closely monitored these aircraft, tracked the aircraft, intercepted the aircraft, and which demonstrates that our, you know, our forces are at the ready all the time and we have, we have very good surveillance capabilities." "And, of course, I won't discuss any intelligence issues here at the podium. But again, this is the first time that we've seen these two countries fly together like that. They didn't, they didn't enter our airspace. I think the closest point of approach was about 200 miles off the, off of our coast," the Defense Secretary added. A message to Moscow and Beijing During the press conference, Austin said the US' message to Russia and China would be, "We're going to be at the ready. We are at the ready. We will always be at the ready. We're going to defend this nation. And so, if there is a, if there is a challenge or a threat to the United States of America, your troops will be at the ready and they will do the right thing." Also read | Ukrainian soldier's wife alleges Russia is 'stealing and selling organs of dead prisoners' "...if there is any kind of a challenge from any direction, I have every confidence that the NORTHCOM and NORAD (North American Aerospace Defense Command) will be at the ready and will be able to intercept,” he further said. A look at the joint patrol Earlier on Thursday, Russian and Chinese nuclear-capable strategic bombers patrolled near Alaska in the North Pacific and Arctic. According to NORAD, American and Canadian fighter jets had intercepted the Russian and Chinese aircraft in the Alaska Air Defense Identification Zone (ADIZ). Also watch | Russia & China joint air patrol near US × In a statement, the Russian defence ministry said that Tu-95MS "Bear" strategic bombers and Chinese Xi'an H-6 strategic bombers took part in patrols over the Chukchi and Bering seas and the North Pacific. "During the flight, Russian and Chinese crews cooperated in the new area of joint operations during all stages of the air patrol. At some stages of the route, the air group was accompanied by fighters from foreign countries," the ministry said. It also pointed out that no foreign airspace was violated.

Not a surprise to us: US reacts to Russian-Chinese joint bomber patrol near Alaska

Typhoon Gaemi's has left a devastating impact on East Asia. This powerful storm, the most formidable to strike china this year, began its assault on the coastal Fujian province on Friday, unleashing torrents of rain and ferocious winds as it makes its way inland. The storm has already left devastating impact on Taiwan, and Philippines. Authorities across china are scrambling against time and nature for rescue and relief operations.

Gravitas: Typhoon Gaemi hits china after razing Taiwan

China plans to start building the world’s first molten salt nuclear power plant that uses thorium as fuel instead of uranium in the Gobi Desert. Watch in for more details!

China building thorium-based nuclear power

The US military said on Wednesday that it had intercepted two Russian and two Chinese military aircraft operating in the Alaska Air Defense Identification Zone, although they stayed in international airspace. Watch in for more details!

Nuclear-capable bombers at US doorsteps: Russia & China joint air patrols near US

Three Chinese students are under investigation over footage captured by a drone of a United States aircraft carrier and naval facilities in South Korea in June. Watch in for more details!

South Korea: 3 students from China arrested, accused of illegally taking video of US Navy carrier

Authorities evacuated nearly 300,000 people and suspended public transport across eastern China, as Typhoon Gaemi brought torrential rains already responsible for five deaths in nearby Taiwan. Gaemi is the strongest typhoon to hit Taiwan in eight years when it made landfall, flooding parts of the island's second-biggest city.

Typhoon Gaemi: 300,000 people evacuated in Eastern China amid torrential rains

Conditions in China have worsened as Typhoon Gaemi brought heavy rainfall, gusty winds and a dangerous storm surge. Watch the video to find out more.

Typhoon Gaemi hits China after razing Taiwan

Pakistan formally requested China to restructure its debt. This comes as outstanding dues for power projects increased by 44% to $410billion. Pakistan's Finance Minister had arrived in Beijing on Thursday to engage in crucial talks on debt relief and structural reforms proposed by International Monetary Fund.

Pakistan seek debt relief from China, Pakistan bond falls amidst negotiations

India and China have decided to discuss and hopefully agree on the withdrawal of thousands of troops who are currently stationed along the Line of Actual Control (LAC) amid the long-running standoff, stated the government of India.

Indian Foreign Minister Subrahmanyam Jaishankar held talks with Chinese counterpart Wang Yi on Thursday (July 25) on the sidelines of Association of Southeast Asian Nations meetings in Laos.

The ministers emphasised the need for an early resolution of the issues along the two countries' disputed&nbsp;Line of Actual Control.

The boundary separates the territories held by India and China. The boundary runs along India's Ladakh and Arunachal Pradesh.&nbsp;

<h2>Why were troops stationed along LAC?</h2>

In July 2020, the relations between the two countries deteriorated after at least 20 Indian soldiers were killed in a military clash with the Chinese&nbsp;-&nbsp;China&nbsp;refused to reveal the number of deaths on its side, though several reports claimed the casualties were high.

The situation led to a long-running standoff in the mountainous area and tens of thousands of military personnel were stationed on each side with artillery, tanks and fighter jets.

Also Read: <a href="https://www.wionews.com/india-news/s-jaishankar-delivers-stern-state-of-border-message-to-chinese-counterpart-744227">S Jaishankar meets Chinese counterpart, delivers stern ‘state of border’ message</a>

From some areas which are part of the northern and southern banks of Pangong Tso, Gogra and Galwan Valley, the troops have been withdrawn by both India and China. However, extra troops continue to remain in the area as part of the multitier deployment.

According to a statement released by the Indian government, the two foreign ministers “agreed on the need to work with purpose and urgency to achieve complete disengagement at the earliest".

It added that peace on the border is important to restore normalcy in ties between the two nations.

In his opening remarks, Jaishankar said the border issues have “cast a shadow” over India-China ties in the last four years even after considerable efforts being made by the two countries to solve the issue.

“The state of the border will necessarily be reflected on the state of our ties,” the minister said.

Watch:&nbsp;India economic survey: India navigates 'China' threat, slowdown boosts India prospects

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Wang also emphasised that if the ties between India and China improve, it will be beneficial for the two countries as well as other nations, reported China’s official Xinhua News Agency.&nbsp;

It added that the two countries have decided to work together to establish peace in the border areas and ensure progress.

In 1962, India and China fought a war over their border. The areas which are physically controlled by the two countries have been divided by the Line of Actual Control (LAC).&nbsp;

India claims that the de facto border is 3,488 kilometres (2,167 miles) long, however, China says that it is shorter.

Several rounds of talks have been held between the Indian and Chinese armies&nbsp;over disengagement of troops in the areas after the clashes happened.

(With inputs from agencies)

India and China have decided to discuss and hopefully agree on the withdrawal of thousands of troops who are currently stationed along the Line of Actual Control (LAC) amid the long-running standoff, stated the government of India.

India and China have decided to discuss and hopefully agree on the withdrawal of thousands of troops who are currently stationed along the Line of Actual Control (LAC) amid the long-running standoff, stated the government of India. Indian Foreign Minister Subrahmanyam Jaishankar held talks with Chinese counterpart Wang Yi on Thursday (July 25) on the sidelines of Association of Southeast Asian Nations meetings in Laos. The ministers emphasised the need for an early resolution of the issues along the two countries' disputed Line of Actual Control. The boundary separates the territories held by India and China. The boundary runs along India's Ladakh and Arunachal Pradesh. Why were troops stationed along LAC? In July 2020, the relations between the two countries deteriorated after at least 20 Indian soldiers were killed in a military clash with the Chinese - China refused to reveal the number of deaths on its side, though several reports claimed the casualties were high. The situation led to a long-running standoff in the mountainous area and tens of thousands of military personnel were stationed on each side with artillery, tanks and fighter jets. Also Read: S Jaishankar meets Chinese counterpart, delivers stern ‘state of border’ message From some areas which are part of the northern and southern banks of Pangong Tso, Gogra and Galwan Valley, the troops have been withdrawn by both India and China. However, extra troops continue to remain in the area as part of the multitier deployment. According to a statement released by the Indian government, the two foreign ministers “agreed on the need to work with purpose and urgency to achieve complete disengagement at the earliest". It added that peace on the border is important to restore normalcy in ties between the two nations. In his opening remarks, Jaishankar said the border issues have “cast a shadow” over India-China ties in the last four years even after considerable efforts being made by the two countries to solve the issue. “The state of the border will necessarily be reflected on the state of our ties,” the minister said. Watch: India economic survey: India navigates 'China' threat, slowdown boosts India prospects Wang also emphasised that if the ties between India and China improve, it will be beneficial for the two countries as well as other nations, reported China’s official Xinhua News Agency. It added that the two countries have decided to work together to establish peace in the border areas and ensure progress. In 1962, India and China fought a war over their border. The areas which are physically controlled by the two countries have been divided by the Line of Actual Control (LAC). India claims that the de facto border is 3,488 kilometres (2,167 miles) long, however, China says that it is shorter. Several rounds of talks have been held between the Indian and Chinese armies over disengagement of troops in the areas after the clashes happened. (With inputs from agencies)

India and China to discuss withdrawal of thousands of troops stationed along LAC

Pakistan formally requested China to restructure its debt. This comes as outstanding dues for power projects increased by 44% to $410billion. Pakistan's Finance Minister had arrived in Beijing on Thrusday to engage in crucial talks on debt relief and structural reforms proposed by International Monetary Fund.

Pakistan Finance Minister Muhammad Aurangzeb in China as Pak seeks debt relief from China

South Korea police arrests three Chinese students after they capture footage of  US Navy Carrier

Conditions in Taiwan have worsened as Typhoon Gaemi brought heavy rainfall, gusty winds and a dangerous storm surge. Watch the video to find out more.

Typhoon Gaemi makes landfall in Taiwan, churns toward China

In Chinese tradition, some numbers are considered lucky, many are believed to be unlucky. The number 8, for example, is believed to be lucky as it sounds like 'fortune' ehnr in Mandarin and Cantonese. The number 4, on the other hand, is believed to be unlucky as it sounds like 'death'.

Gravitas: Why 4 is considered an evil number in China

Mexican President Andres Manuel Lopez Obrador has called President Trump's plan to ban Mexican-made cars a "bluff" that "isn't serious." President Andres Manuel Lopez Obrador, known as Amlo, said that Trump's plan will not be implemented since it would lead to a substantial increase in car pricing in the US.

Trump targets Mexican car imports after China | World Business Watch

#Gravitas | Chinese engineers and the Taliban government commenced a groundbreaking project to mine the world's second-largest copper deposit in Afghanistan after a 16-year delay marked by war. This mining project is more than just an economic endeavor. It’s a complex tapestry of historical preservation, geopolitical strategy and the quest for natural resources and influence.

Gravitas: Work on the world's second-largest copper deposit in Afghanistan commences

Ukraine's foreign minister said Wednesday that he is seeking “common ground” in talks with his Chinese counterpart on ending his country’s war with Russia. Watch in for more details!

Ukraine Foreign Min Kuleba meets Chinese counterpart Wang Yi | Ukrainian troops forced to sign up

Headlines of the hour: - Biden: Passing torch to younger voices - Netanayahu: Protesters Iran's usefeul idiots - Trump: Harris radical left lunatic - Russia-China planes intercepted near Alaska - Philippine-flagged tanker capsizes - Fire breaks out at NY's JFK airport - 5 dead in blast in Mexico's Tequila factory

Five dead in blast at Mexico tequila factory | Philippine-flagged tanker capsizes

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