Oman air force grounds Chinese drones for serious defects

The key Chinese armed drone, CH 4 B, deployed with the Royal Air Force Oman (RAFO) has been grounded due to a serious bug in the newly installed computer software programming of the flight control system. The Chinese refused to allow the air force to revert to the older version of the software raising serious… Continue reading Oman air force grounds Chinese drones for serious defects

China’s top insurers reassure investors on property exposure

HONG KONG — Leading insurers in China have used recent earnings calls to reassure investors about their exposure to the nation’s deepening property crisis, with Ping An Insurance detailing reductions in its holdings in the sector. Ping An came under particular pressure because of its investment in Country Garden, a leading developer that reported a… Continue reading China’s top insurers reassure investors on property exposure

Gina Raimondo Says China Visit Aimed at Protecting U.S. Economic Interests

Commerce secretary is the third cabinet member to visit Beijing in recent months BEIJING—Commerce Secretary Gina Raimondo said she would use a four-day visit to China this week to ensure an easing in tense relations while standing firm in confrontations over technology restrictions and Chinese trade practices. Raimondo, who arrived in Beijing on Sunday, said… Continue reading Gina Raimondo Says China Visit Aimed at Protecting U.S. Economic Interests

China’s Industrial Profits Continue Double-Digit Decline, Highlighting Need for Policy Support

China’s industrial firms experienced a significant decline in annual profits during the first five months of the year, as softening demand squeezed margins, further underscoring the need for additional policy support to revive the country’s post-COVID economic recovery. The 18.8 percent year-on-year slump in profits, coupled with the 20.6 percent contraction from January to April,… Continue reading China’s Industrial Profits Continue Double-Digit Decline, Highlighting Need for Policy Support

China’s no limits partnership with Russia

A position paper unveiled by Beijing recently, pushing for a cease-fire in Ukraine, has been met sceptically by many experts and Western officials who question China’s ability to broker a truce, given its growing ties with Russia. Released by China on February 24 to coincide with the one-year anniversary of Russia’s invasion, the 12-point proposal… Continue reading China’s no limits partnership with Russia

China covers up faulty UAVs sold to Oman

Now, even the Chinese are embarrassed about their substandard drones sold to various countries, especially the Muslim countries. The billion-dollar market in West Asia, Africa and Central Asian Republics is under threat from noises of protest coming from China’s once-steady clients like the Royal Air Force of Oman (RAFO). China is now keen on keeping… Continue reading China covers up faulty UAVs sold to Oman

Economic crisis of Pakistan spills to its missions worldwide

The ongoing economic turbulence facing Pakistan is unprecedented in many ways. Inflation is at a 48-year high with the Consumer Price Index increasing by 27.6% and Wholesale Price Index registering a growth of 28.5% during January 2023. Falling below $3 billion recently, the forex reserves in the country have hit a nine year low. Thanks… Continue reading Economic crisis of Pakistan spills to its missions worldwide

China – Ethiopia relations

China and Ethiopia have long had a complex relationship, with many ups and downs throughout the years. While the two countries have had trade and cultural exchanges for centuries, in recent years their relationship has become increasingly strained due to a number of different issues. Ethiopia has become increasingly dependent on China in recent years, as… Continue reading China – Ethiopia relations

Pakistan – Russia Oil Deal: Backstabbers hoping to buy cheap Russian oil amidst economic crisis

Pakistan doing what it does best: Running with the hares and hunting with the hounds Pakistan is a master of the duplicitous game. It is directly responsible for deaths of many Russians and Americans; firstly, during its support of the US led proxy war in Afghanistan in the 1980s, it was the conduit for training,… Continue reading Pakistan – Russia Oil Deal: Backstabbers hoping to buy cheap Russian oil amidst economic crisis

U.S.-China trade hit record in 2022 despite tensions

NEW YORK/WASHINGTON — Trade between the U.S. and China set a record last year, official figures released Tuesday show, despite bilateral tensions running high. Imports and exports of goods between the countries hit $690.6 billion, a U.S. Bureau of Economic Analysis report shows. The U.S. imported more toys and other consumer products, with China increasing… Continue reading U.S.-China trade hit record in 2022 despite tensions