China Financial News

Subscribe to enjoy similar stories.Bharat Heavy Electricals Ltd’s (BHEL) shares have gained about 8% in the past two trading sessions, and also hit an all-time high of ₹399 apiece on Monday, surpassing the previous all-time high of ₹390 seen on 7 November 2007. Not without reason.The state-owned equipment manufacturer’s consolidated Ebitda jumped 111% year-on-year to ₹1,753 crore for the March quarter (Q4FY26).

Subscribe to enjoy similar stories.American hospitality chain Marriott International is betting on a surge in outbound Indian travellers despite temporary disruptions from the West Asia war and Prime Minister Narendra Modi’s call for austerity, with this growth likely to reshape customer loyalty programmes that reward customers with points and perks for repeat stays.The company said loyalty-conscious Indian travellers are increasingly driving demand across Southeast and East Asia, and now expect far more from hotel loyalty programmes than simple earn-and-burn on room nights, including upgrades and experiences beyond stays.“We’re seeing Indian travellers explode into Southeast Asia -- not just Thailand -- but in every destination, from Bali to Japan to South Korea, this summer,” said John Toomey, chief commercial officer for Asia Pacific (excluding Greater China) for Marriott International. He attributed part of the growth to rising air connectivity, led by IndiGo and Air India.The hospitality chain expects travel demand to remain strong through the summer months, with a significant jump in June and July compared to the same time last year.

Subscribe to enjoy similar stories.Artificial intelligence is like a cake, says Jensen Huang, the boss of Nvidia, a chipmaker. ai applications, such as chatbots, are at the top. The next layer down is software, like the large language models (llms) on which chatbots run.

Subscribe to enjoy similar stories.Last week, US President Donald Trump’s historic two-day meeting with Chinese Premier Xi Jinping, the first in Beijing at this level since 2017, ended without a commercial breakthrough despite the presence of a high-powered technology delegation of 17 American CEOs, including Elon Musk of SpaceX and Jensen Huang of Nvidia. China did not respond to US overtures, including the potential sale of Nvidia’s cutting-edge H200 chips to Chinese entities that the Joe Biden administration had blocked and Trump administration reversed. US officials dismissed a lack of business progress as immaterial.

Subscribe to enjoy similar stories.Shareholders at Berkshire Hathaway’s early-May annual general meeting, often described as a pilgrimage for many who idolize Warren Buffett, might have been puzzled by some aspects of CEO Greg Abel’s presentation. Abel, a long-time lieutenant to Buffett who took over as CEO at the beginning of this year, underlined that he planned to continue with the Buffett tradition of buying undervalued businesses.

Subscribe to enjoy similar stories.There was a telling moment on the second day of Donald Trump’s visit to Beijing. America’s president was strolling with Xi Jinping through the gardens of Zhongnanhai, the Chinese leadership compound, on May 15th.

Subscribe to enjoy similar stories.The arrival Tuesday of Russian President Vladimir Putin in Beijing will mark a watershed moment for Chinese leader Xi Jinping, one that he has pursued since taking power in 2012—and bet his country’s future to achieve.Welcoming Moscow’s ruler just days after President Trump’s motorcade swept out of the Chinese capital represents, for Xi, a vindication of 14 years of relentless economic competition with the U.S. and his strategic embrace of the Kremlin through the Ukraine war.

Subscribe to enjoy similar stories.As the West Asian crisis broke out late February, Sunil JhunJhunWala, managing director and co-founder of Tiruppur-based Techno Sportswear Pvt. Ltd, an active wear brand, moved fast.The disruption to the movement of ships through the Strait of Hormuz, he rightly surmised, would affect the supply of polyester filament yarn (PFY)–a raw material derived from crude oil—which he imports from China.

Subscribe to enjoy similar stories.To have a coffee delivered to an office in Shanghai, simply ask one of China’s artificial-intelligence super-apps to choose a brew on your behalf, press “confirm” and the beverage will be on its way. Delegating such important decisions brings risks, of course.

Subscribe to enjoy similar stories.Rare earth metals are on the minds of all investors these days, and for good reason. Recent trade tensions have put China’s rare-earth monopoly into stark relief.

Subscribe to enjoy similar stories.Mumbai: Two strategic joint ventures have set the Sajjan Jindal-led JSW Steel on course to becoming one of the world's biggest steel companies outside of China.The first joint venture is with Japan's JFE Steel through a recent 50% stake sale in Bhushan Power & Steel Ltd (BPSL), a company it acquired through the bankruptcy court five years ago.Add to that another equal joint venture with South Korea's POSCO to set up a new 6 million tonnes per annum (mtpa) capacity steel plant in Odisha.Including planned capacity expansions at BPSL, the two partnerships would add about 16 mtpa capacity by 2032, setting it on course to reach 80 mtpa capacity by 2032, according to Jayant Acharya, the chief executive officer and joint managing director of JSW Steel.The company’s consolidated steelmaking capacity stood at just under 38 million tonnes per annum at the end of FY26, including BPSL.These capacity additions would make JSW Steel a strong contender to be the world's largest steelmaker outside China by 2032.At present, ArcelorMittal is the world’s largest steel company outside China, with a capacity of 65 million tonnes per annum, according to 2024 manufacturing capacity data from the Belgium-based World Steel, the latest figures published by the international trade body.The BPSL stake sale to JFE Steel brought JSW Steel about ₹37,250 crore, which sharply deleveraged its balance sheet, and gave the company the financial muscle to fund expansion. The Mumbai-headquartered steelmaker pared about ₹30,000 crore of debt in FY26, mostly in foreign borrowings.

Subscribe to enjoy similar stories.IT WAS A tale of two summits. Meeting in China for the first time since 2017, Donald Trump and Xi Jinping committed to stabilising relations and suggested that they had reached new agreements on trade and other areas.

Subscribe to enjoy similar stories.US President Donald Trump’s description of his China visit as “very successful” and “unforgettable” may be as self-congratulatory as his claims of victory over Iran.Trump, in his own telling, had a successful stay in Beijing during a presidential visit that came after nearly a decade and at a crucial juncture in American diplomacy.Having painted himself into a corner by underestimating a sanctions-hit Iran, which now has the world economy in a chokehold through the Strait of Hormuz, he was clearly hoping to secure the Asian giant's help in ending the impasse, not just for favourable economic deals.He claimed to have concluded several trade deals, including an order for 200 Boeing jets that could rise to 750 if the aircraft maker performs well. China also agreed to purchase 400-450 engines from General Electric, he added.Except there were no mentions of these by his host, Chinese President Xi Jinping, whom Trump described as an “incredible guy” to Fox News reporters on 15 May while returning home.In fact, his 14 May meeting with Xi at the Great Hall of the People suggests he may have been told, politely, that he no longer holds all the cards.A Chinese readout said Xi noted that “transformation not seen in a century is accelerating across the globe, and the international situation is fluid and turbulent.

Subscribe to enjoy similar stories.I first heard about Margherita 10 years ago and was immediately intrigued. A short and very scenic drive from Dibrugarh, this village in Assam remained on my bucket list since, and last week, the trip finally materialised.Its claim to fame is not just as the source of India’s tea story but also of oil, coal and plywood. The Digboi oil refinery is a stone’s throw from here, oil having been discovered accidentally while the railway line was being built in 1881.

Subscribe to enjoy similar stories.Vertex Ventures Southeast Asia and India is actively scouting for hardware and deeptech investments, with a sharp focus on semiconductors, robotics, and battery technology, according to a top executive at the firm.“It's definitely a new space for us, but it makes sense due to how geopolitics is playing out. In the past two years, companies have been looking to be more independent and move away from relying on China,” Ben Mathias, managing partner at the firm, told Mint in an interview.Vertex Ventures is the latest firm to build a deeptech investment thesis in India, joining a sector buoyed by the growing demand for "sovereign technology”.

Subscribe to enjoy similar stories.In the decades since China joined the world economy, U.S. presidents have traveled to Beijing with a predictable list of demands: stop stealing American intellectual property, don’t force technology transfer, open your markets. Donald Trump followed the script on his previous visit in 2017.Whether he does so again this week, it would be pointless.

Subscribe to enjoy similar stories.As Donald Trump and Xi Jinping engage in high-stakes talks in Beijing, the underlying context is that global imbalances are widening again, with the US and China at the centre. But the central economic problem between the world’s two big economies is being misdiagnosed.The US–China imbalance is not fundamentally a trade policy problem. It is a structural macroeconomic imbalance rooted in savings, investment, fiscal choices and the architecture of the international monetary system.

Subscribe to enjoy similar stories.Tata Motors Passenger Vehicles Ltd’s FY26 earnings showed that the domestic business is firing on all cylinders, but Jaguar Land Rover’s troubles continue to overshadow the gains.The domestic business benefited from the post-GST 2.0 demand recovery, particularly in SUVs, EVs and CNG vehicles. Nexon and Punch continued to see strong traction, while recent launches such as Sierra and the refreshed Punch.ev added momentum.The result: Tata Motors clocked an industry-beating 15% year-on-year (YoY) growth in sales volumes to more than 640,000 units in FY26, making it the second-largest passenger vehicle (PV) player in H2FY26.

Subscribe to enjoy similar stories.Honda Motor managed to stay profitable through a global financial meltdown, natural disasters, a safety crisis and the pandemic. Then came America’s electric-vehicle whiplash.The Japanese company, the fifth-largest automaker in the U.S. by sales, is confronting some of the steepest challenges it has faced in its nearly seven decades as a public company.

Subscribe to enjoy similar stories.Stock market recap: The Indian equity markets witnessed healthy buying in almost all segments as investor sentiment was buoyed by ongoing US–China talks.The Sensex closed 790 points, or 1.06%, higher at 75,398.72, while the Nifty 50 ended at 23,689.60, up 277 points, or 1.18%.NAMINDIA (Cmp ₹1093) BERGEPAINT (Cmp ₹533.90) On 14 May 2026, investor sentiment was buoyed by ongoing US–China talks, with hopes that progress could ease global trade tensions. Oil prices edged higher amid persistent concerns over the Iran conflict, adding to volatility across sectors.

Subscribe to enjoy similar stories.President Donald Trump and Chinese leader Xi Jinping spent their first day of bilateral talks on Thursday showing an eagerness to manage the economic rivalry between their countries.Trump talked about the possibility of increased economic ties, and Xi held out the possibility of U.S. companies enjoying “even broader prospects in China.”Even the most glaring point of friction in the talks – a warning from Xi that differences over Taiwan could lead to conflict and jeopardize the relationship – could be an opportunity to dial down the tensions if the two economic powerhouses find ways to navigate their complicated relationship.“Trump and Xi are staking out their positions on geopolitical issues that are of particular importance to each of them, while signaling some openness to being more accommodative on other subjects like trade, technology, and market opening,” says Eswar Prasad, a Cornell economics professor and former head of the China division for the International Monetary Fund.China greeted Trump and a delegation of more than a dozen chief executives from U.S.

Subscribe to enjoy similar stories.Tesla’s stock rose early, then fell, then rose again on Wednesday as CEO Elon Musk heads to China.Shares of the electric-vehicle maker traded up early, then dropped to as low as $430.21 before rising to $445.27, up 2.7% on the day, while the S&P 500 gained 0.6% and the Dow Jones Industrial Average fell 0.1%Tesla shares fell 2.6% on Tuesday, snapping a four-day winning streak that raised Tesla stock more than 14%. One thing sending shares higher was the hope that Tesla was close to receiving approval to sell its Full Self Driving, or FSD, driver-assistance product in China.Americans can pay $99 a month for FSD.