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China praises PM Modi for his remark on New Delhi-Beijing bonhomie

Agencies
June 4, 2018

Beijing, Jun 4: China on Monday welcomed Prime Minister Narendra Modi's "positive remarks" on India-China relations at the Shangri-La Dialogue and expressed willingness to work with India to follow the consensus between the leadership of the two countries to maintain the momentum in the bilateral ties.

Prime Minister Modi in his keynote address at the Shangri-La Dialogue in Singapore, Asia's premier defence and strategic affairs conference, last week had said that Asia and the world will have a better future when India and China work together with trust and confidence while being sensitive to each other's interests.

The prime minister said both India and China have displayed "maturity and wisdom" in managing issues and ensuring a peaceful border, adding cooperation between the world's two populous countries was expanding.

Welcoming Modi's remarks at a media briefing, Chinese Foreign Ministry spokesperson, Hua Chunying said, "We have noted the positive remarks made by Prime Minister Modi on China-India relations. We highly appreciate such kind of positive remarks."

Recalling the informal summit between Modi and Chinese President Xi Jinping at Wuhan in April this year, Hua said, "They had in-depth exchange of views on the international landscape and bilateral relations and reached many consensus."

"The two sides agreed to adopt a mature and wise way to properly handle differences," she said.

"China is willing to work with the Indian side to follow the guidance of this consensus to maintain the positive momentum of the development of bilateral relations, to promote mutually beneficial cooperation, properly handle differences, maintain peace tranquillity along the border areas and thus move forward the China-India relations," she said.

PM Modi and President Xi had met in April in an unprecedented two-day 'heart-to-heart' summit in the central Chinese city of Wuhan to "solidify" the India-China relationship after the Dokalam standoff last year.

Troops of India and China were locked in the 73-day standoff in Dokalam after the Indian side stopped the construction of a road by the Chinese army in the disputed area.

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News Network
February 24,2020

Kuala Lumpur, Feb 24: Malaysian Prime Minister Mahathir Mohamad has submitted his resignation to the king, two sources with direct knowledge of the matter told Reuters on Monday, amid talks of forming a new coalition to govern the country.

Mahathir, 94, assumed office in May 2018 for his second stint as prime minister.

A spokesman from the prime minister's office declined to comment, saying only that a statement will be issued soon.

The sources declined to be named as they were not authorised to talk to the media.

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News Network
June 13,2020

Mexico City, Jun 13: The number of people, who have died of COVID-19 in Mexico, has risen by 544 to 16,448 within the past 24 hours, Jose Luis Alomia, the director of epidemiology at the Health Ministry, said.

He also said on late Friday that the number of confirmed coronavirus cases had increased by 5,222 to 139,196 within the same period of time.

A day earlier, the Latin American nation has recorded 4,790 new confirmed cases of the coronavirus, with 587 fatalities.

The World Health Organization declared the COVID-19 outbreak a pandemic on March 11. To date, more than 7.6 million people have been infected with the coronavirus worldwide, with over 425,000 fatalities, according to Johns Hopkins University.

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News Network
March 2,2020

Paris, Mar 2: A global agency says the spreading new virus could make the world economy shrink this quarter, for the first time since the international financial crisis more than a decade ago.

The Organization for Economic Cooperation and Development says Monday in a special report on the impact of the virus that the world economy is still expected to grow overall this year and rebound next year.

But it lowered its forecasts for global growth in 2020 by half a percentage point, to 2.4 per cent, and said the figure could go as low as 1.5 per cent if the virus lasts long and spreads widely.

The last time world GDP shrank on a quarter-on-quarter basis was at the end of 2008, during the depths of the financial crisis. On a full-year basis, it last shrank in 2009.

The OECD said China's reduced production is hitting Asia particularly hard but also companies around the world that depend on its goods.

It urged governments to act fast to prevent contagion and restore consumer confidence.

The Paris-based OECD, which advises developed economies on policy, said the impact of this virus is much higher than past outbreaks because "the global economy has become substantially more interconnected, and China plays a far greater role in global output, trade, tourism and commodity markets."

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