Chinese Foreign Ministry Spokesperson Guo Jiakun has reiterated China’s firm stance on the Palestinian issue, emphasizing that Gaza is an inalienable part of Palestinian territory and should not be treated as a political bargaining tool or controlled by external powers. His remarks come amid discussions about the future of Gaza and international diplomatic efforts to establish a lasting ceasefire in …

Two days after DeepSeek took the world by surprise, a Financial Times report warned that the West should be worried by how China appears to be leading the Artificial Intelligence race. Financial Times says the emergence of DeepSeek from the shadows, catching the West unawares, is a strong indication that China has mastered the art of “Kaizen”. I recall that …

The United States (US) unveiled a new rule Friday to tighten an exemption allowing low-value imports to enter the country duty-free, taking aim at Chinese shipments that might be benefiting from it. The proposal disqualifies certain products from the low-value, or “de minimis” exemption, which allows goods valued at $800 or below to come into the United States without paying …

Nigeria has renewed its bilateral currency swap agreement with China, a move that underscores the deepening financial and economic cooperation between the two nations. The Central Bank of Nigeria (CBN) and the People’s Bank of China (PBOC) announced the renewal of the arrangement on Friday, with the agreement amounting to N3.28 trillion, equivalent to approximately 15 billion yuan or $2.09 …

The United States has added South Korea to its “monitoring list” of major trading partners whose currency practices call for closer attention, according to a Treasury Department report released Thursday. The semi-annual report looks into countries with large trade surpluses with respect to the United States that also actively intervene in foreign exchange markets to gain a competitive advantage. It …

Former Nigerian President, Chief Olusegun Obasanjo, has declared that the People’s Republic of China is an important economic partner for Africa. He added that Chinese cooperation with Africa has not only advanced infrastructure development but also facilitated the transfer of technology and the exchange of personnel Speaking on behalf of the InterAction Council (a body of former Presidents and Heads …

Taiwan’s defence minister accused China on Tuesday of being the “number one country conducting daily cyberattacks” against the democratic island and denied allegations about Taipei-backed hackers targeting Beijing. China claims the self-ruled island as part of its territory and relations between the two have plummeted in recent years as Beijing has increased its rhetoric about “unification” being “inevitable”. Taiwanese authorities …

President Bola Tinubu will return to Abuja on Sunday, following his official visit to China and his short stay in the United Kingdom. In a statement on Saturday evening, Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga recalled that President Tinubu left Abuja for Beijing, China, on 29 August. The statement read: “He started his official …

Solid Minerals Development Minister Dr. Oladele Alake has hailed the $1 billion (N1.6 trillion) new iron ore to steel project planned for Kogi State as a breakthrough in the Federal Government’s campaign to make local value addition to the model of development in the solid minerals sector. Addressing the promoters- Chart and Capstone Integrated Limited of Nigeria and Sinomach-He of …

Nigeria and China have signed a $3.3 billion deal to develop the Brass Industrial Park and Methanol Complex in Bayelsa State. In a statement on Friday, The Director of Information and Public Relations of the Federal Ministry of Finance, Mr. Mohammed Manga, disclosed that the deal was signed on the sidelines of the Africa-China Conference in Beijing. He said the …