Pakistan and China are conducting joint bilateral aerial exercise named Shaheen VIII. The exercise is being conducted at Chinese city of Holton which is close to the Indian border near Ladakh. This is the eight edition of this aerial exercise which is conducted annually by both the countries. The exercise is aimed at developing a… Continue reading Shaheen VIII
Tag: CHINA
China’s new drug law may open door for Indian generic medicines: Report
China has passed a revised drug law.The revised drug law removes drugs that are legal in foreign countries but not approved in China from the category of fake medicines. The revised law will also mean that residents who use the drugs without official approval can be granted leniency if the amount of the drug is… Continue reading China’s new drug law may open door for Indian generic medicines: Report
G7 Summit: signs of hope as Donald Trump says U.S.-China trade talks are on
The Group of Seven(G7) summit was held in Biarritz,France.During the summit,US President has said the US and China will be resuming trade talks shortly. The US and China are negotiating a trade deal that would end the trade war between both the countries that has been escalating since last year. Trade war is a situation… Continue reading G7 Summit: signs of hope as Donald Trump says U.S.-China trade talks are on
IMF warns against rate cuts, currency intervention to improve trade balance
The International Monetary Fund(IMF) has warned the United States and China that higher bilateral tariffs are unlikely to reduce aggregate trade imbalances as they mainly divert trade to other countries. Instead,they are likely to harm both domestic and global growth by affecting business confidence and investment and disrupting global supply chains. The IMF has also… Continue reading IMF warns against rate cuts, currency intervention to improve trade balance
Cost is key: Chinese space firm revs up for reusable rocket race
China’s private space startup Linkspace has successfully launched a reusable rocket named RLV-T5(NewLine Baby). Reusable Launch Vehicle is a launch system that is capable of launching a payload into space more than once. The new rocket has other advantages as well such as low test cost and a capability of rapid iteration. The launch also… Continue reading Cost is key: Chinese space firm revs up for reusable rocket race
Ahead of Jaishankar’s Beijing visit, India tells China to avoid commenting on Ladakh
Ministry of External Affairs has asserted that Jammu and Kashmir Reorganisation Bill 2019 is an internal matter of India. This statement came after China had objected to the creation of the Union Territory of Ladakh and said it undermined its sovereignty. The Central Government has revoked provisions of Article 370 which granted special status to… Continue reading Ahead of Jaishankar’s Beijing visit, India tells China to avoid commenting on Ladakh
China vows to counter U.S. deployment of intermediate-range missiles in Asia
China has warned the United States that it would take countermeasures if the US goes ahead with its plans to deploy ground-based missiles in the Asia Pacific region. This statement came after US Defense Secretary has said that the US was now free to deploy the weapons following its withdrawal from the Intermediate-Range Nuclear Forces(INF)… Continue reading China vows to counter U.S. deployment of intermediate-range missiles in Asia
US says China manipulates yuan. What does that mean, how is it done?
The US Treasury Department has declared China as a currency manipulator.This move comes after China allowed the yuan to suddenly depreciate or lose value relative to the dollar. In retaliation,the US has also announced that it would approach the International Monetary Fund(IMF) to eliminate the unfair competitive advantage created by China’s latest actions. Foreign Exchange… Continue reading US says China manipulates yuan. What does that mean, how is it done?
China warns India of ‘reverse sanctions’ if Huawei is blocked
China has warned India not to stop its Huawei Technologies from doing business in the country otherwise Indian firms operating in China may face trouble. This statement came after India has planned to establish 5G cellular network in the country but has not decided whether to open the trials to Huawei. The US administration has… Continue reading China warns India of ‘reverse sanctions’ if Huawei is blocked
United States designates China a “currency manipulator”
The US has officially designated China as a currency manipulator.This decision was taken after China’s central bank allowed the yuan to weaken in retaliation for new US tariffs. A weaker yuan makes Chinese exports more competitive or cheaper to buy with foreign currencies. The US Treasury department defines currency manipulation as when countries deliberately influence… Continue reading United States designates China a “currency manipulator”
