Tag: china

  • China conducts rare submarine-launched ballistic missile test, angering Pacific neighbors | US co…

    China conducts rare submarine-launched ballistic missile test, angering Pacific neighbors | US co…

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    China conducts rare submarine-launched ballistic missile test, angering Pacific neighbors

    China on Monday conducted a rare test of a submarine-launched ballistic missile in the Pacific Ocean, sparking criticism from New Zealand and Australia for actions that they said threatened peace and stability in the region.

    A People’s Liberation Army Navy submarine “launched a strategic missile carrying a dummy warhead toward relevant high seas of the Pacific Ocean, which landed precisely within the designated waters,” said a statement from Senior Capt. Wang Xuemeng, a spokesperson for the PLA Navy.

    “This test launch was a routine part of China’s annual military training schedule,” said Wang, who added that “relevant nations” were informed in advance about the test.

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  • China’s Liaoning Carrier Strike Group Concludes 40-day Deployment to South China, Philippine Se…

    China’s Liaoning Carrier Strike Group Concludes 40-day Deployment to South China, Philippine Se…

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    What is China’s aircraft carrier Liaoning testing – and why does it matter?

    Forty days of training in South China Sea and western Pacific Ocean comes amid a push for extended range and amphibious coordination

    China’s first aircraft carrier tried new tactics in its latest drill – including working with land-based tanker aircraft and coordinating with an amphibious assault ship – amid a push to strengthen military combat capability.

    CCTV released videos of the exercises on Monday and said the Liaoning had demonstrated that its combat capability had reached a new level.

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  • China’s ability to hit Australia with missiles ‘real and growing’, Lowy Institute says | China’…

    China’s ability to hit Australia with missiles ‘real and growing’, Lowy Institute says | China’…

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    China's ability to hit Australia with missiles 'real and growing', Lowy Institute says

    The Lowy Institute says China has the ability to hit Australia with its DF-26 missile system. (Reuters: Andy Wong)

    The Lowy Institute foreign policy think tank has produced a new report tracking the "dramatic" scale of Beijing's vast military build-up.

    The analysis warns that the Chinese military can already hit Australia's trade routes, subsea cables and critical infrastructure and is developing a "real and growing" ability to hit the Australian mainland with missiles.

    It says the threat to Australia would escalate "dramatically" if China secures a military base in the Pacific, or develops a bomber or drone that can reach Australia.

    China’s ability to strike targets in Australia is ‘real and growing’

    The rapid expansion of China’s nuclear-powered submarine fleet and long-range missile stockpile is fuelling its growing ability to hit targets in Australia, a threat that could expand dramatically over the next decade, new analysis warns.

    A Lowy Institute paper, to be published on Monday, finds that China’s existing ability to strike the Australian mainland would be turbocharged by game-changing developments: the addition of a new long-range bomber to its military arsenal, as well as the ability to move existing assets closer to Australia via a military base in the Pacific.

    The paper, based on open-source intelligence on China’s military modernisation, finds the Chinese navy is set to have 25 nuclear-powered attack submarines at its disposal by 2035, up from an estimated nine today.

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  • China’s BYD aims to be world’s biggest car firm within five years | BYD chairman says firm wi…

    China’s BYD aims to be world’s biggest car firm within five years | BYD chairman says firm wi…

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    China’s BYD aims to be world’s biggest car firm within five years

    EV maker aims to overtake Toyota, as it plans to spend £1.8bn to build five-minute flash chargers in Europe

    The Chinese car company BYD has said it aims to be the world’s biggest automaker within the next five years.

    Targeting Toyota’s long-held top spot, BYD’s founder and chair, Wang Chuanfu said he was confident it could overtake global rivals through rapid advances in battery technology and fast charging, as well as growing production overseas, including Europe.

    “BYD will truly become the number one automaker globally in terms of ​scale in five years,” he said at the company’s annual shareholder meeting in Shenzhen.

    BYD outsold Ford, and now it thinks it can catch Toyota as the world’s No. 1 automaker

    BYD is already the world’s largest EV maker, but the company’s CEO is confident it will become the world’s leading global automaker within the next five years.

    After it stopped making cars powered solely by internal combustion engines (ICE) in 2022 to focus on battery electric (EV) and plug-in hybrid (PHEV) vehicles, BYD’s big bet has paid off so far.

    With over 4.6 million new energy vehicles (NEVs) sold last year, which includes EVs and PHEVs, BYD surpassed Ford for the first time, ranking as the sixth largest global automaker.

    According to BYD’s CEO, Wang Chuanfu, the Chinese EV giant is just getting started with new battery and charging tech set to drive growth over the next few years.

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  • Prelim Results | UFC Macau | UFC Macau: China’s Song Yadong out for statement win against Brazi…

    Prelim Results | UFC Macau | UFC Macau: China’s Song Yadong out for statement win against Brazi…

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    Prelim Results | UFC Macau

    UFC makes a highly anticipated return to Galaxy Arena in Macau with a pivotal showdown between No. 5 ranked bantamweight contender Song Yadong and former two-time UFC champion, No. 7 ranked Deiveson Figueiredo.

    *UFC Fight Night: Song vs Figueiredo starts at a special time: Prelims begin at 4am ET/1am PT, followed by the main card at 7am ET/4am PT.*

    (This page will be updated with official results, fight recaps, highlights and more, live throughout the event.)

    Strawweights get the action started as Loma Lookboonmee (10-4, fighting out of Buriram, Thailand) squares off against Jaqueline Amorim (10-2, fighting out of Sunrise, FL by way of Manaus, Brazil)

    UFC Macau: China’s Song Yadong out for statement win against Brazil’s Figueiredo

    Bantamweight fighter, who suffered controversial loss in his last bout, says he will not feel extra pressure performing before home crowd

    There is more at stake for Song Yadong this weekend than just making sure he puts on a show for his home fans when he takes on Deiveson Figueiredo at UFC Macau.

    Coming into the bantamweight bout, which is headlining Saturday’s event at Galaxy Arena, the Chinese fighter needs a statement win to keep himself in the conversation over who gets to challenge division champion Petr Yan of Russia.

    A highly controversial loss to Sean O’Malley last time out at UFC 324 leaves Song (22-9-1, 1 no-contest) with two defeats in his past three fights and facing a former flyweight champion in Figueiredo (25-6-1) with title aspirations of his own.

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    Preview: UFC Macau prelims – Tsuruya vs. Gurule

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  • Trump says China to buy 200 Boeing planes, much lower than expected | Boeing, GE Aerospace CEOs m…

    Trump says China to buy 200 Boeing planes, much lower than expected | Boeing, GE Aerospace CEOs m…

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    Trump says China to buy 200 Boeing planes, much lower than expected

    Neither the Chinese government nor Boeing issued statements confirming the purchase agreement.

    China has agreed to buy 200 Boeing jets, with a potential for the order to rise to as many as 750 planes, United States President Donald Trump has said, adding that the planes would have GE Aerospace engines.

    The deal “includes approximately 200 planes and a promise of up to 750 if they do a good job”, Trump told reporters on Air Force One on Friday. More details about the deal, such as which type of jets and when the order would be delivered, were not immediately available.

    Neither the Chinese government nor Boeing issued statements confirming the purchase agreement, which would mark a significant breakthrough in a market that was once central to the US aerospace company’s long-term growth and from which the US planemaker was largely shut out, amid trade tensions between Beijing and Washington. Planemakers usually disclose large deals once they are formalised.

    Trump’s Boeing jet deal may help stabilise China-US aerospace ties

    Details ranging from specific models, delivery arrangements and how Chinese operators would allocate the 200 planes are still lacking

    China’s first major order for Boeing aircraft in nearly a decade, along with an agreement to buy aircraft engines, could relieve pent-up demand for fleet upgrades and help the maker of the domestically built C919 secure stable supplies, analysts said.

    Trump also revealed an agreement for the purchase of up to 450 General Electric aircraft engines.

    Richard Aboulafia, managing director at the US-based aerospace consulting firm AeroDynamic Advisory, said the smaller order was “not a snub, but no great victory either”.

    “[It] keeps the door open and perhaps helps keep Airbus pricing more aggressive,” he added.

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  • As Trump Meets Xi in China, A Closer Look at Who’s in the U.S. Delegation | Watch CEOs Join Xi …

    As Trump Meets Xi in China, A Closer Look at Who’s in the U.S. Delegation | Watch CEOs Join Xi …

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    As Trump Meets Xi in China, A Closer Look at Who’s in the U.S. Delegation

    The U.S. delegation that stood at attention at the Great Hall of the People on Thursday as President Trump and President Xi Jinping kicked off a high-stakes summit in Beijing offered one of the clearest glimpses of what is on the agenda.

    At the front of the receiving line were some of Mr. Trump’s most influential cabinet members, including Secretary of State Marco Rubio, Treasury Secretary Scott Bessent and Defense Secretary Pete Hegseth.

    In a succession of striking scenes, each of the officials, who have at times been unsparing in their criticism of Beijing across a range of economic and military issues, shook Mr. Xi’s hand, in accordance with event protocol.

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  • Japan to mull whether to call China ‘threat’ in key papers | All flights on 30 China-Japan routes…

    Japan to mull whether to call China ‘threat’ in key papers | All flights on 30 China-Japan routes…

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    All flights on 30 China-Japan routes cancelled in April: data analysis platform

    Pedestrians walk down a street in the amusement district of Shinjuku in Tokyo, on February 12, 2026. Photo: VCG

    South Korea's Samsung Electronics announced on Wednesday that it will cease sales of all home appliance products in …

    With the May Day holidays nearing, cancellations on China-Japan flights continue to rise, with some routes fully cancelled, …

    Japan's move to dump nuclear-contaminated water has forced Chinese tourists to change their travel plans to the country, …

    China’s Maritime Gambit Is Backfiring—And Beijing Knows It

    Essential news coupled with the finest maritime content sourced from across the globe.

    A Chinese Coast Guard ship is seen blocking the direction of a Philippine Coast Guard ship conducting a resupply mission for Filipino troops stationed at a grounded warship in the South China Sea, October 4, 2023. REUTERS/Adrian Portugal

    By Erik Bethel – The waters around Japan are writing the future of the Indo-Pacific, and China doesn’t like what they’re saying.

    For over a decade, Beijing perfected a simple formula: deploy coast guard armadas, normalize military presence in contested waters, and wait for neighbors to accept the new reality. The strategy conquered the South China Sea, where China now operates from artificial islands that didn’t exist fifteen years ago.

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  • Banks blacklist China brokers in AI fraud sweep | Statement by the Monetary Policy Board: Monetar…

    Banks blacklist China brokers in AI fraud sweep | Statement by the Monetary Policy Board: Monetar…

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    Statement by the Monetary Policy Board: Monetary Policy Decision | Media Releases

    Check your browser settings and network. This website requires JavaScript for some content and functionality.

    At its meeting today, the Board decided to increase the cash rate target by 25 basis points to
    4.35 per cent.

    Inflation picked up materially in the second half of 2025, and information since the beginning of
    this year confirms that some of this increase reflected greater capacity pressures. In addition, the
    conflict in the Middle East has resulted in sharply higher fuel and related commodity prices, which
    are already adding to inflation. There are early signs that many firms experiencing cost pressures
    are looking to increase prices of their goods and services. Short-term measures of inflation
    expectations have also risen.

    Inflation to hit 5 per cent as oil price bites – and it could get even worse

    Inflation is likely to hit 5 per cent by the middle of the year and could soar to 7 per cent by Christmas if the war against Iran pushes oil to $US200 a barrel, with Jim Chalmers’ fifth budget to confirm Australians will face ongoing price pressures.

    This masthead can reveal Treasury believes inflation will peak higher than the Reserve Bank estimates, contributing to a slowdown in the economy that will also feed into a softer jobs market.

    The government is waiting until the latest possible time to finalise its most important economic forecasts given the turmoil in global oil markets created by the war against Iran. Brent crude has moved between $US98 and $US115 a barrel in the past five days, meaning $200 is an extreme scenario.

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  • China blocks US sanctions against five ‘teapot’ refineries | MOFCOM issues a ban, requesting …

    China blocks US sanctions against five ‘teapot’ refineries | MOFCOM issues a ban, requesting …

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    China blocks US sanctions against five ‘teapot’ refineries

    Ministry of Commerce says sanctions against refineries accused of importing Iranian oil violate international law.

    China has announced an injunction to block US sanctions placed on five Chinese refiners accused ‌of buying oil from Iran.

    The US sanctions announced by the Department of the Treasury late last month bar the refiners from the US financial system and seek to penalise anyone doing business with the firms.

    In a statement on Saturday, China’s Ministry of Commerce said the sanctions “improperly” restrict business between Chinese enterprises and third countries “in violation of international law and the basic norms governing international relations”.

    MOFCOM issues a ban, requesting not to recognize, enforce and comply with US sanctions on five Chinese firms

    China voiced firm opposition to the US Federal Communications Commission's (FCC) latest restrictive move against companies and products …

    China urges the EU to immediately remove Chinese enterprises and individuals from the sanctions list the bloc issued …

    China decided to lift countermeasures against two EU financial institutions – UAB Urbo Bankas and AB Mano Bankas …

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    U.S. warns banks of sanctions risk over China ‘teapot’ refineries handling Iranian oil

    The U.S. Treasury warned financial institutions Tuesday that they could face sanctions if they engage in dealings with Chinese refineries that process Iranian oil.

    The Treasury urged financial institutions in a statement to avoid facilitating transactions involving independent refineries, known as "teapots," that import Iranian oil, as such transactions may expose them to sanctions.

    China purchases approximately 90% of Iran's oil exports, the Treasury noted, with teapot refineries accounting for the majority of these imports.

    "This revenue ultimately benefits the Iranian regime, its weapons programs, and its military. Some Chinese teapot refineries have used the U.S. financial system to conduct dollar-denominated transactions and procure U.S. goods," the Treasury added.

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