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Yahoo
30-06-2025
- Business
- Yahoo
China urges Canada to 'correct wrongdoing' over Hikvision shutdown
BEIJING (Reuters) -China's commerce ministry on Monday urged Canada to "immediately correct its wrongdoings" after Ottawa ordered the Chinese company Hikvision to cease operation in the country, citing national security concerns. In a statement published on its website, the Chinese ministry vowed to take the "necessary measures" to safeguard the legitimate rights and interests of Chinese businesses. "The government has determined that Hikvision Canada Inc's continued operations in Canada would be injurious to Canada's national security," Canadian Industry Minister Melanie Joly said on X, adding the decision was taken after a multi-step review of information provided by Canada's security and intelligence community. China's foreign ministry on Monday also expressed strong opposition to Canada's move and said it has lodged stern representations with the Canadian side. The foreign ministry accused Canada of generalising the concept of national security and suppressing Chinese enterprises and urged it to provide a fair, just and non-discriminatory environment for Chinese companies. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
30-06-2025
- Business
- Zawya
China urges Canada to 'correct wrongdoing' over Hikvision shutdown
China's commerce ministry on Monday urged Canada to "immediately correct its wrongdoings" after Ottawa ordered the Chinese company Hikvision to cease operation in the country, citing national security concerns. In a statement published on its website, the Chinese ministry vowed to take the "necessary measures" to safeguard the legitimate rights and interests of Chinese businesses. "The government has determined that Hikvision Canada Inc's continued operations in Canada would be injurious to Canada's national security," Canadian Industry Minister Melanie Joly said on X, adding the decision was taken after a multi-step review of information provided by Canada's security and intelligence community. China's foreign ministry on Monday also expressed strong opposition to Canada's move and said it has lodged stern representations with the Canadian side. The foreign ministry accused Canada of generalising the concept of national security and suppressing Chinese enterprises and urged it to provide a fair, just and non-discriminatory environment for Chinese companies.
Reuters
30-06-2025
- Business
- Reuters
China urges Canada to 'correct wrongdoing' over Hikvision shutdown
BEIJING, June 30 (Reuters) - China's commerce ministry on Monday urged Canada to "immediately correct its wrongdoings" after Ottawa ordered the Chinese company Hikvision ( opens new tab to cease operation in the country, citing national security concerns. In a statement published on its website, the Chinese ministry vowed to take the "necessary measures" to safeguard the legitimate rights and interests of Chinese businesses.
Yahoo
30-06-2025
- Business
- Yahoo
China urges Canada to 'correct wrongdoing' over Hikvision shutdown
BEIJING (Reuters) -China's commerce ministry on Monday urged Canada to "immediately correct its wrongdoings" after Ottawa ordered the Chinese company Hikvision to cease operation in the country, citing national security concerns. In a statement published on its website, the Chinese ministry vowed to take the "necessary measures" to safeguard the legitimate rights and interests of Chinese businesses. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Free Malaysia Today
12-06-2025
- Business
- Free Malaysia Today
China says it will remove all tariffs on African exports to boost trade
Trade with Africa has been growing in recent years, but it has been heavily skewed in the China's favour. (AFP pic) NAIROBI : China will negotiate and sign a new economic pact with Africa that will get rid of all tariffs on the 53 African states it has diplomatic ties with, it said, a move that could benefit middle-income nations. The Asian economic giant offers duty-and-quota-free market access to least developed countries (LDCs), including many in Africa, but the new initiative will level the playing field by also offering middle-income countries similar market access. 'China is ready to… welcome quality products from Africa to the Chinese market', China's foreign ministry said after a meeting of senior Chinese officials with African foreign ministers in Changsha to review implementation of commitments made during a summit in Beijing last September. In recognition of the significant disadvantages that businesses from LDCs like Tanzania or Mali could face from their more developed counterparts like South Africa once the market is fully opened, China pledged additional measures to support LDCs, including training and marketing promotion. Beijing's move could help relatively advanced countries, with significant manufacturing bases for value added products, to take advantage of the vast Chinese market, analysts said. 'It enables middle-income countries like Kenya, South Africa, Nigeria, Egypt and Morocco… to be able to now enter the Chinese market duty-free,' said Hannah Ryder, founder of Development Reimagined, an Africa-focused consultancy. Trade between China and Africa has been growing in recent years, but it has been heavily skewed in favour of China, which had a surplus of US$62 billion last year. 'Unless we have an equivalent increase of African exports to China, then trade deficits will continue to increase,' Ryder said, adding that the initiative announced by Beijing could help to balance trade. During last year's summit in Beijing, China pledged 360 billion yuan (US$50 billion) to African economies over three years in credit lines and investments, marking its return to big-ticket funding deals for the continent after a pandemic-related hiatus.
