The proposed legislation would impose penalties on countries that increase their imports of Russian oil, provoking tensions with India and China, The Economic Times said.

The rest of the world has remained committed to globalisation over the past year, but China has turned inward, European Chamber of Commerce president Joerg Wuttke said.

Sources said the government would be comfortable if the central bank took two years or even longer to get inflation down to its target of 4%.

Developing Asian nations like Indonesia and the Philippines are forecast to grow 4.3% in 2022, compared to 3.3% in China, with expectations slashed after recent Covid lockdowns

US video platform will now give creators 45% of ad revenue on its short-form video feature known as Shorts. That's alongside the 55% of ad revenue it offers creators of long-form videos.

Europe is "20 years" behind China and will have to rely on them for raw materials for some time, Livista Energy chief Roland Getreide was quoted as saying

Loan recipients of China, such as Sri Lanka, Egypt and Ghana, find themselves strapped for cash after suffering severe impacts from the Covid pandemic and global inflation.

China's purchases have climbed in order to reap the benefits of a plunge in European buying as sanctions push Moscow in search of alternative markets.

By establishing national parks and restoring ecosystems, China now has over 30% of its territory under forms of basic protection, its vice-national resources minister said.

One person was killed and 146 others injured when a 6.9 magnitude earthquake struck eastern Taiwan on Sunday, destroying bridges and buildings

Details will include plans for the struggling island nation's multibillion-dollar International Monetary Fund bailout

Chinese surveillance technologies and tactics are being rolled out in more than 50 countries, including facial recognition CCTV and social media bans, The Straits Times said