china

China To Exempt ‘Some’ US Soybean, Pork From Tariffs

December 6, 2019 3:49 pm

China will waiver tariffs on “some” imports of US soybean and pork, it said on Friday, in the latest sign of easing trade tensions between Beijing and Washington as they try to finalise a partial trade pact.

The world’s two biggest economies have exchanged blows for more than a year, with levies now imposed on hundreds of billions of dollars in two-way trade.

The olive branch comes as the two sides edge towards a mini agreement Washington says includes a Chinese promise to increase the purchase of US farm products. It is also just before a fresh round of …

China Warns US Of A ‘Price’ For Uighur Bill

December 4, 2019 2:35 pm

China warned Wednesday that a “price must be paid” after the US House of Representatives overwhelmingly passed legislation seeking sanctions against senior Chinese officials over the crackdown on mainly Muslim Uighurs in Xinjiang.

The legislation adds to tensions between the two superpowers just as they are locked in negotiations to finalise a “phase one” deal to resolve their protracted trade war.

US President Donald Trump had already angered Beijing after he signed legislation supporting pro-democracy protesters in Hong Kong, prompting China earlier this week to impose sanctions on US-based NGOs and suspend future visits by US warships to the semi-autonomous …

China Bans ‘Fake News’ Created With AI, Bots

November 30, 2019 4:37 pm

China has issued new rules banning online video and audio providers from using artificial intelligence (AI) and virtual reality technologies to produce “fake news.”

The regulation published Friday by China’s cyberspace authority said that both providers and users of online video news and audio services are “not allowed” to use new technologies such as deep learning and virtual reality to create, distribute and broadcast “fake news.”

“Fake news” has been generalised to mean anything from a mistake to a parody or a deliberate misinterpretation of facts.

The rules come into effect on January 1, 2020.

Failure to follow them could …

BMW To Build Electric Mini In China

November 29, 2019 4:33 pm

Luxury German carmaker BMW on Friday said it would build fully electric models of its Mini cars at a new plant in China, as it kicked off a joint venture with Chinese partner Great Wall Motor.

Some 160,000 cars a year are set to roll off the assembly line at the planned factory in the city of Zhangjiagang in Jiangsu province, which will eventually employ 3,000 people.

Construction of the plant is slated to last from 2020 to 2022, BMW said in a statement.

Both partners are together investing 650 million euros ($715 million) in the project.

Alongside BMW’s all-electric …

Cannavaro Boost As Guangzhou Win Feisty China Title Clash

November 23, 2019 3:41 pm

Fabio Cannavaro revived his chances of holding onto his job at Guangzhou Evergrande as his side went two points clear at the top of the Chinese Super League on Saturday with two games left.

Brazilian Anderson Talisca scored a goal in each half in an ill-tempered 2-0 home win over title rivals and reigning champions Shanghai SIPG.

Evergrande are top of the CSL on 66 points with Beijing Guoan second on 64 and SIPG on 62. All three have played 28 games.

The 46-year-old Cannavaro is under fierce pressure to deliver the domestic title after he was temporarily moved aside

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Sanwo-Olu

Sanwo-Olu In China, Seeks Collaboration For Development

November 18, 2019 2:36 am

Barely three months after his trip to Japan with President Muhammadu Buhari for the 7th Tokyo International Conference on African Development, the Lagos State Governor, Mr. Babajide Sanwo-Olu has returned to another Asian country for increased collaboration with Lagos State.

The Governor, who is on a working visit to China, the world’s second largest economy, is expected to execute meaningful partnership that would support the Lagos State’s aspiration of becoming a 21st century economy and visit the China Railway Construction Company (CRCC) and China Civil Engineering Construction Company (CCECC) for project appraisal.

On this visit, Sanwo-Olu would explore his presentation …

Igbo Folks In China Celebrate Culture With New Yam Festival

Igbo Folks In China Celebrate Culture With New Yam Festival

November 5, 2019 8:31 am

The Guangzhou Chapter of Ohanaeze Ndigbo in China recently celebrated its first New Yam festival. 

The event, as expected, showcased the rich tradition of the Igbo, with many Nigerians and Africans from all walks of life in attendance.

Mr. Jude Igboekwe represented the Consul General, Guangzhou Province, China, Mr. Wale Oloko at the event. Sir Anthony Okafor, President, Ohanaeze Ndigbo, China Chapter and other eminent personalities were also in attendance.

Mr. Festus Mbisiogu, Coordinator, Nigerians in Diaspora Organisation (NIDO), Guangdong Province flew in from New York, where he had received GEM Award 2019, for the event.

President of Ohanaeze in …

WTO Panel: China May Levy Over $3bn In US Trade Sanctions

WTO Panel: China May Levy Over $3bn In US Trade Sanctions

November 3, 2019 3:15 pm

A World Trade Organization (WTO) panel said on Friday that China is entitled to slap compensatory sanctions on United States imports worth $3.579bn annually.

The decision stems from the US failure to remove anti-dumping duties, but the monetary value is roughly half the total amount that China had sought.

The ruling came as the world’s two biggest economies try to clinch phase one of a trade deal.

US President Donald Trump and his negotiators are “very optimistic” about concluding it, White House adviser Larry Kudlow has said.

With the WTO announcement, a three-member WTO arbitration panel said Chinese exporters suffered

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'Consensus On Principles': US-China Trade Deal In Sight

‘Consensus On Principles’: US-China Trade Deal In Sight

November 3, 2019 2:40 pm

Beijing’s state-run media outlet Xinhua said the world’s two largest economies had reached a “consensus on principles” during a constructive telephone call on Friday between their main trade negotiators.

Read Also: MF Cautions Nigeria, Others Over Mounting Debt To China

The optimistic notes offered reassurance to global markets after nearly 16 months of tit-for-tat tariffs.

US and Chinese delegates had made “enormous progress” towards finalising a “phase one” agreement, although the deal

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China Irked By Nobel Peace Prize Nomination For Hong Kong

China Irked By Nobel Peace Prize Nomination For Hong Kong

October 17, 2019 9:22 am

China called for foreign governments not to interfere in its affairs Thursday after a Norwegian politician nominated the “people of Hong Kong” for the 2020 Nobel Peace Prize.

Semi-autonomous Hong Kong has been hit by months of pro-democracy protests, which Beijing has portrayed as riots fuelled by foreign forces.

“Hong Kong affairs are purely China’s internal affairs and no foreign government or individuals have the right to interfere,” foreign ministry spokesman Geng Shuang said at a press briefing.

Geng called for the “relevant people to be objective and just” as well as “cautious.”

Activists say freedoms in the city are …

IMF Cautions Nigeria, Others Over Mounting Debt To China

IMF Cautions Nigeria, Others Over Mounting Debt To China

October 17, 2019 4:00 am

The International Monetary Fund (IMF) has cautioned Nigeria and other African countries against their rising level of indebtedness to China, stressing that the non-Paris Club creditors, “create some instability or some vulnerabilities.”

It also said the present global financial conditions due to the trade dispute between the United States and China, the shift towards a more dovish monetary policy stance in most developed countries, among others, present opportunities for Nigeria and other low-income countries.

The Financial Counsellor and Director, Monetary and Capital Market Department, IMF, Tobias Adrian, said this while responding to a question during a media briefing on the …

Attempts To Split China Risk ‘Smashed’ Bodies: Xi Jinping

Attempts To Split China Risk ‘Smashed’ Bodies: Xi Jinping

October 14, 2019 7:01 am

President Xi Jinping has warned that any attempts to split China would result in “bodies smashed and bones ground to powder”, amid four months of anti-Beijing unrest in Hong Kong.

Xi issued the dire message during a weekend visit to Nepal, according to a foreign ministry statement released on Sunday.

“Anyone who attempts to split any region from China will perish, with their bodies smashed and bones ground to powder,” Xi said, according to the ministry.

“Any external forces that support the splitting of China can only be regarded as delusional by the Chinese people,” he said.

While Xi did …

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𝐀𝐟𝐫𝐢𝐜𝐚 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐍𝐞𝐰𝐬, 𝐍𝐞𝐰 𝐘𝐨𝐫𝐤, is a nonpartisan online news portal founded on the truth to provide you with weekly, insightful articles written with precision and current updates on current events from Africa in particular and the rest of the world in general. All of our reports undergo extensive fact-checking to ensure their veracity, and we adhere strictly to the facts, no matter whose ox is gored.

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