The world’s biggest battery maker Contemporary Amperex Technology Co and Toyota Motor Corp on 17 August announced factory closures as the impact of a drought-induced power crisis in China’s Sichuan province spreads, reported Bloomberg.Toyota Motor Corp shut a plant in the provincial capital of Chengdu and will keep operations...
Sri Lanka, reeling under its worst economic crisis since independence and hit by political turmoil, has asked India for bridging finance until the economic adjustment programme with the International Monetary Fund (IMF) can be negotiated and finalised. The two sides explored the possibility of increasing and restructuring the assistance provided...
China’s top leadership is pre-occupied with political manoeuvring to agree on a rescue plan to end the housing slump, while intensifying geopolitical risk means Chinese assets will be volatile under the current administration and only selectively investable, strategists, said.Hopes for some sort of intervention by Beijing to overcome a...
The US-led Indo-Pacific strategy is a ploy to create divisions and incite confrontation in the region, Chinese foreign minister Wang Yi said on Sunday, adding that the plan is bound to fail.  “Facts will prove that the so-called Indo-Pacific strategy is in essence a strategy to create division, to incite...
Jakarta: The joint combat exercise between Indonesia and US held this month has reminded China that it can’t afford to ignore Jakarta which is strategically critical to the Indo-Pacific region.Under the banners of 14 nations, the 16th annual Garuda Shield exercise, the cornerstone of the military partnership between the...
Beijing: China's quest for 'national identity' and to place Beijing at the helm of the global geopolitical ranking has taken an ugly shape as the ruling party continues their ill-treatment of Muslim minorities of Xinjiang and Tibetans residing in Tibet. Chinese Communist Party's ugly face of their repressions of Uyghur...
China's alleged persecution of its Muslim minorities will surge back up the global agenda when the United Nations' human rights chief visits its troubled Xinjiang region next week. The May 23 to 28 visit by Michelle Bachelet comes as rights groups pile pressure on her office to release a long-postponed...
As with Hong Kong and Tibet, Beijing’s control has only become more authoritarian. An incentive to do so was 9/11, which allowed Beijing to claim that their harsh measures against Muslim Uighurs were part of the “war on terror”. But it is in the last decade since Xi Jinping...
The rare-earth elements are a set of 17 silvery-white, soft, heavy metals found in the middle of the periodic table that are valued for their useful electrical, magnetic and luminescent properties that find application in assorted high technology devices. For example, cerium, lanthanum, neodymium and praseodymium are found in...
Tokyo Electric Power Co.’s Kashiwazaki-Kariwa nuclear plant in Niigata Prefecture, one of the largest nuclear plants in the world. TEPCO is pushing to restart two reactors there. (Asahi Shimbun file photo)In a major policy shift, Prime Minister Fumio Kishida on Aug. 24 directed a government panel tasked with finding...