China’s property woes fuel risks to its financial system: Moody’s report

China’s property woes fuel risks to its financial system: Moody’s report

Residential buildings in Huaian, in China’s eastern Jiangsu province. File | Photo Credit: AFP Risks to the stability of China‘s financial system are rising on continued sluggishness in its property sector and an economic slowdown, making smaller banks more vulnerable, rating agency Moody’s said on Friday. China’s property sector has slowed sharply this year after […]

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Morning Digest | Government forms panel to look into MGNREGA’s efficacy; States ask Centre to curb its cess habit, and more

Morning Digest | Government forms panel to look into MGNREGA’s efficacy; States ask Centre to curb its cess habit, and more

Representational image of labourers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) working at a site in Ajmer. | Photo Credit: PTI Government forms panel to look into MGNREGA’s efficacy The Central government has constituted a committee to review the implementation of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme, especially to assess […]

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Apple built its empire with China. Now its foundation is showing cracks

Apple built its empire with China. Now its foundation is showing cracks

Every September, Apple unveils its latest phones at its futuristic Silicon Valley campus. A few weeks later, tens of millions of its newest handsets, assembled by legions of seasonal workers hired by its suppliers, are shipped from Chinese factories to customers around the world. The annual release of Apple’s iPhones usually runs like clockwork, a […]

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Beijing Marathon back after two-year absence with COVID-19 rules in force

Beijing Marathon back after two-year absence with COVID-19 rules in force

About 30,000 runners, some wearing face masks, took part on Sunday in a chilly and smoggy first Beijing Marathon since 2019 after COVID-19 cancelled previous races. It was the first major sporting event in the Chinese capital since the Winter Olympics in February and took place despite a rebound in infections across China. China continues […]

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Apple supplier Foxconn quadruples bonuses to staff hit by China COVID-19 lockdown

Apple supplier Foxconn quadruples bonuses to staff hit by China COVID-19 lockdown

Foxconn, formally Hon Hai Precision Industry Co Ltd, is Apple’s biggest iPhone maker, producing 70% of iPhone shipments globally Foxconn, formally Hon Hai Precision Industry Co Ltd, is Apple’s biggest iPhone maker, producing 70% of iPhone shipments globally Apple supplier Foxconn said on Tuesday it has quadrupled bonuses on offer for workers at its Zhengzhou […]

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China launches 3rd and final space station component

China launches 3rd and final space station component

China’s third and final module docked with its permanent space station Tuesday to further a more than decade-long effort to maintain a constant crewed presence in orbit, as its competition with the U.S. grows increasingly fierce. The Mengtian module arrived at the Tiangong station early Tuesday morning, state broadcaster CCTV said, citing the China Manned […]

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India’s imports from China surge to record high in first nine months of year

India’s imports from China surge to record high in first nine months of year

India imported $89.66 billion worth of goods from China in the first nine months of 2022, the highest on record for three quarters in any year. Two-way trade has crossed $100 billion India imported $89.66 billion worth of goods from China in the first nine months of 2022, the highest on record for three quarters […]

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Xi Jinping | The princeling’s next decade

Xi Jinping | The princeling’s next decade

Facing an existential crisis in 2012, the Communist Party of China turned to a ‘princeling’. A decade on, Xi Jinping has rewritten the Party rulebook and is laying the groundwork for years of continued dominance Facing an existential crisis in 2012, the Communist Party of China turned to a ‘princeling’. A decade on, Xi Jinping […]

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Scientists in China create world’s first cloned wild Arctic wolf ‘Maya’

Scientists in China create world’s first cloned wild Arctic wolf ‘Maya’

A wild Arctic wolf was successfully cloned for the first time in the world by a Beijing-based gene firm. The cloning of the Arctic wolf, also known as the white wolf or polar wolf, which is native to the High Arctic tundra of Canada’s Queen Elizabeth Islands, is considered a milestone achievement in conserving rare […]

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Solar panels floating in space could one day power your home

Solar panels floating in space could one day power your home

Longi Green Energy Technology Co., the world’s biggest solar technology manufacturer, will send panels into space as the first step in plans to test the feasibility of harnessing the sun’s power in orbit and transmitting it back to Earth. The Xi’an-based clean energy giant, which has helped China dominate the solar industry and drive down […]

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