China in lumbini

Chinese President Xi Jinping put up a staunch defence of the ruling Communist Party, saying the country has witnessed “earth-shaking changes” under its leadership, amid strident criticism especially from the US that it pursued a totalitarian ideology. Commemorating the 75th anniversary of victory in the War of Resistance Against Japanese Aggression on Thursday, Xi said Chinese people will not allow attempts by any individual or force to alienate them from the CPC. “Any attempt to distort the history of the CPC or vilify its nature and objectives, to distort or change the path of socialism with Chinese characteristics, or to deny or vilify the Chinese people’s great achievements in building socialism will also be resolutely opposed by the Chinese people,” official media here quoted him as saying. Noting that the country has witnessed “earth-shaking changes” since the victory of the War of Resistance Against Japanese Aggression, Xi said that the great rejuvenation of the Chinese nation … [Read more...] about China Witnessed ‘Earth-shaking’ Changes Under CPC Leadership, Says Xi Jinping

China's ruling Communist Party on Monday began its key four-day annual conclave to discuss the main challenges facing the country and proposals for the formulation of the 14th Five-Year Plan (2021-2025) and the long-range objectives upto 2035, the state media reported. The 19th Central Committee of the Communist Party of China (CPC) started its fifth plenary session here. The party's closed-door plenum consisting of about 204 full central committee members and 172 alternate members is held annually to review the policies of the party and the government. President Xi Jinping, 67, who has emerged as the CPC's most powerful leader after its founder Mao Zedong, holding the posts of CPC General Secretary, head of the military besides the Presidency with prospects of a life-long tenure, delivered a work report on behalf of the party's Politburo. The report explained a draft document on proposals for the formulation of the 14th Five-Year Plan (2021-2025) for National Economic and Social … [Read more...] about China’s Communist Party Kicks off Key Meeting to Discuss Key Challenges, Next Five-year Plan

Sri Lanka will hold a donor conference with China, India and Japan as it seeks overseas assistance to find a way out of its worst economic crisis in decades, Prime Minister Ranil Wickremesinghe told parliament on Wednesday. ”We need the support of India, Japan and China, who have been historic allies,” he said. A high-level delegation from India will also arrive on Thursday for talks on additional support from New Delhi, while a special team from the U.S. Treasury will visit next week, Wickremesinghe said. Read all the Latest News , Breaking News , watch Top Videos and Live TV here. … [Read more...] about Crisis-hit Sri Lanka Plans Donor Conference with China, India and Japan

President Xi Jinping said on Saturday that China can no longer rely on its previous economic development model of depending on global exports and must build self-controlled, safe and reliable domestic production and supply system to ensure industrial and national security. The just-concluded plenary session of the ruling Communist Party of China (CPC), headed by Xi, adopted his proposals for the formulation of the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035. While the 14th five-year plan envisages a massive overhaul of the country's domestic market to boost consumption in order to reduce China's reliance on shrinking exports markets, the Vision 2035 visualises a long-term plan, reflecting the development vision of Xi. Politically, Xi's Vision 2035 plan has sparked speculation that he could continue in power for the next 15 years. Xi, 67, has emerged as the CPC's most powerful leader after its … [Read more...] about ‘Can No Longer Rely on Old Model of Development’: Xi Jinping Tells China It’s Time for Change

Amid simmering tensions between Australia and China, the media in Melbourne on Monday reported a major data leak containing official records like party position, birthdate, national ID number and ethnicity of nearly two million alleged members of the Communist Party of China (CPC) living and working across the world. The data leak obtained by 'The Australian' newspaper has revealed how the alleged CPC members are employed with some of the world's biggest corporations in the areas of defence, banks and pharmaceutical giants manufacturing coronavirus vaccines. Among the companies identified as having alleged CPC members as their employees are Boeing and Volkswagen, pharmaceutical giants Pfizer and AstraZeneca, and financial institutions including ANZ and HSBC, according to the reports. The leak has exposed details of 1.95 million CPC members after being extracted from a Shanghai server by whistleblowers. An investigation by 'The Australian' has found that at least 10 consulates in … [Read more...] about Data Leak Reveals ‘Members’ of China’s Communist Party Working in Global Firms, Consulates: Report

China is all set to operationalise the first electric train in the remote Himalayan region of Tibet, connecting the provincial capital Lhasa with Nyingchi – a strategically located Tibetan border town close to Arunachal Pradesh. The 435.5-km Lhasa-Nyingchi section of the Sichuan-Tibet Railway is expected to be inaugurated ahead of the centenary celebrations of the ruling Communist Party of China (CPC) on July 1, according to official media reports. The electricity transmission process has been completed and tested, Liu Yuxiang, Chief Engineer of the Lhasa-Nyingchi Railway, was quoted as saying by the state-run CCTV earlier. The Sichuan-Tibet Railway will be the second railway into Tibet after the Qinghai-Tibet Railway. It will go through the southeast of the Qinghai-Tibet Plateau, one of the world’s most geologically active areas. In November, Chinese President Xi Jinping had instructed officials to expedite construction of the new railway project, connecting Sichuan Province and … [Read more...] about China to Operationalise First Electric Train in Tibet Near Arunachal Border

WeChat, China’s most popular social media platform which has more than 1.1 billion daily users, has revised its policy to prohibit accounts from providing access to crypto or nonfungible token (NFT)-related services. As per the reports, accounts involved in the issue, trading, and financing of crypto and NFTs will be restricted or prohibited under the new standards and will fall under the “illegal business” category. Section 3.24 of the amended “Code of Conduct” states that any account participating in the issuance, trading, or financing of virtual currency shall face repercussions. Certain functions will be restricted for identified accounts, with the possibility of a permanent ban. Profiles that provide secondary trades of NFTs will also be dealt with in compliance with the amended rules, according to the modified rules. A Hong Kong-based crypto news writer Wu Blockchain (Colin Wu) noted the move and tweeted while sharing the screenshot of the updated rules. As per the … [Read more...] about China’s WeChat Updates Policy to Ban Accounts Related to Cryptos and NFT Services

After US sanctions on domestic champions like Huawei Technologies and Hikvision, China’s chip industry is growing at a quicker rate than anywhere else in the world. According to Bloomberg, 19 of the world’s 20 fastest-growing semiconductor industry enterprises have come from China during the past four quarters. It was found that China-based suppliers of design software, processors and other chipmaking equipment are outpacing global heavyweights Taiwan Semiconductor Manufacturing Co (TSMC) and ASML Holding NV in terms of revenue growth. This accelerated growth demonstrates how tensions between the US and China are affecting the global semiconductor industry, which is worth $550 billion and plays a significant role in everything from defence to the development of future technologies such as artificial intelligence (AI) and self-driving cars. A former employee of the Dutch company ASML has been accused of stealing its technology on behalf of a Chinese corporation backed by … [Read more...] about Despite US Sanctions, China’s Chipmaking Business Booms

BEIJING (Reuters): China's President Xi Jinping (pic) on Wednesday (June 22) called for solidarity and cooperation to support a global economic recovery threatened by an epidemic and security challenges, and criticised sanctions which he said would only bring about disaster. "The Ukraine crisis sounds an alarm for the world," Xi said at the opening ceremony of the BRICS Business Forum via video link. "Facts once again have proven that sanctions are a double-edged sword." Xi called for stronger macroeconomic policy coordination to prevent the global recovery from slowing or even being disrupted, adding that major developed countries should adopt "responsible" economic policies. The BRICS nations are Brazil, Russia, India, China and South Africa. … [Read more...] about China’s Xi urges solidarity to back global recovery, slams economic sanctions

Australia on Wednesday said it is vital that China commits to resolving the eastern Ladakh border row with India through a process of dialogue consistent with international law and asserted that the growing security ties between New Delhi and Canberra should not be seen as directed against Beijing. In an address at the National Defence College in Delhi, visiting Australian Deputy Prime Minister Richard Marles said the global rules-based order matters everywhere, including in the highest place on earth, seen as an oblique reference to the eastern Ladakh region. Thank you to the National Defence College for hosting me here in New Delhi. Find my full address here: https://t.co/omauPvIlLn @rajnathsingh @DefenceMinIndia @Indiannavy @AusHCIndia @DefenceAust pic.twitter.com/zVq0pPrsc1 — Richard Marles (@RichardMarlesMP) June 22, 2022 “The assault on Indian forces along the Line of Actual Control in 2020 was a warning we should all heed. Australia stood up for … [Read more...] about China Should Commit to Resolve Border Row with India Through Dialogue Consistent with Int’l Law: Australia