Meanwhile, US President Biden has promised new measures to shield steel mills, automakers and other American companies against what he calls trade "cheating" by Beijing, according to the New York Times. The measures are expected to be announced early next week and will include tarrifs on Chi
According to the report, the US Commerce Department said it was adding some units of China Electronics Technology Group to the list for allegedly trying to obtain American technology to support China's quantum technology capabilities, "which has serious ramifications for US national security
Of particular concern is the revelation that 9 of the aircraft crossed the median line of the Taiwan Strait, breaching Taiwan's Southwestern Air Defense Identification Zone (SW ADIZ) and entering its airspace.
China is "working to extend its influence abroad to reshape the global information ecosystem...to strengthen its grip on power, legitimise its activities and bolster China's cultural, technological, economic and military influence," the report stated.
Newly-appointed Chinese Ambassador to India, Xu Feihong on Friday said that India and China boast of being time-honoured civilizations and are each other's important neighbours.
The Philippines' national security adviser on Friday called for the expulsion of Chinese diplomats over an alleged leaked telephonic conversation with a Filipino military official as territorial tensions continue to surge, reported Nikkei Asia.
Xu expressed gratitude to the Ministry of External Affairs official, Eritrea's Ambassador to India Alem Tsehaye Woldemariam and officials from the Chinese Embassy for welcoming him upon arrival in Delhi.
Kishore Narne, Commodity head, and executive director, Motilal Oswal group said, "As we embark on the new financial year, commencing with the auspicious occasion of Akshaya Tritiya, both Gold and Silver have shown significant gains, with Gold up by 13 per cent and Silver by 11 per cent Year-
According to Taiwan's MND, four of the 7 Chinese military aircraft crossed the median line and entered Taiwan's southwestern and eastern Air Defence Identification Zone (ADIZ).