China Financial News

chess world champion D Gukesh and described him as a confident young player who was an embodiment of calmness and humility. Gukesh, 18, displayed remarkable poise and nerves of steel to defeat China's Ding Liren in Singapore to become the youngest chess world champion, surpassing Russian great Garry Kasparov, who won the crown in 1985 at 22.

A top White House official says a ninth U.S. telecoms firm has been confirmed to have been hacked as part of a sprawling Chinese espionage campaign that gave officials in Beijing access to private texts and phone conversations of an unknown number of A...

China has sentenced a man to death for killing 35 people last month by driving into a crowd, in an attack that raised national concern about mass killings.Fan Weiqiu was venting his anger because he was unhappy with his divorce settlement, the court in the southern city of Zhuhai said in handing down the sentence on Friday. The victims were exercising at a sports center.

steel industry will be keenly eyeing policy initiatives in 2025 to safeguard its interests as it moves ahead with the 300 MnT capacity target amid volatile raw material prices. Another challenge in front of the industry will be to expedite its efforts to transition to clean manufacturing processes with the government's push to green steel production amid global thrust on cutting greenhouse gas emissions in hard-to-abate sectors.

Subscribe to enjoy similar stories. For the past year and a half, senior Treasury officials have met with their Chinese counterparts almost once every other month. Whether an incoming Trump team will keep such channels of dialogue going is now up in the air.

US Air Force. The Asian country has now announced the new sixth-generation heavy stealth jet whose images have surfaced recently, showing this previously unseen aircraft conducting daytime flight tests alongside other combat aircrafts giving it due backup.

China reportedly and allegedly planned to send $1 billion worth of armed drones to the country Libya using a UK based Shell Company to evade a United Nations arms embargo, reported The Telegraph.

During their debate Joe Biden and Donald Trump engaged in silly finger-wagging about who had expanded the deficit most. But neither had any sort of plan to deal with mounting deficits and mountainous debt. Consolidated government gross debt has reached 123 per cent of U.S. GDP, heading for 134 per cent in 2030. With rising interest rates, Democrats’ devotion to more spending and Republicans’ to tax cuts means the debt can only rise, and with it the likelihood of financial stress. That incumbent governments are floundering should surprise no one. This week it’s happening in the U.K. and France. This fall and next year it may happen in the U.S. and Canada. You mess up economically and voters punish you. To paraphrase Bill Clinton: “It’s almost always the economy, stupid.” —

Brahmaputra River in Tibet saying that the project will not affect riparian states and safety issues have been addressed through decades of studies. Chinese Foreign Ministry spokesperson, Mao Ning played down apprehensions over the massive project estimated to cost around USD 137 billion being built in the ecologically fragile Himalayan region located along a tectonic plate boundary where earthquakes occur frequently.

The themes we would like to invest in during the current environment are largely domestic-facing sectors, such as Capex in the power sector, industrials, capital goods, and telecoms, due to robust domestic tailwinds. We also favor the “Make in India” stories in chemicals and healthcare, despite the possible increase in tariffs from the US in the future.

Zoho Corporation's CEO Sridhar Vembu has sparked the 70-hour work week debate once again by backing Infosys co-founder Narayan Murthy.

Subscribe to enjoy similar stories. AMONG EXILED Chinese dissidents, Tang Yuanjun was well known. He had participated in the Tiananmen Square protests of 1989 and landed in prison as a result.

Oil prices were little changed on Friday but were set for a weekly rise amid optimism economic stimulus efforts will prompt a recovery in China, the world's biggest oil importer. Brent crude futures fell 1 cent to $73.25 a barrel by 0145 GMT. U.S. West Texas Intermediate crude was at $69.60, down 2 cents, from Thursday's close. However, on a weekly basis, Brent was up 0.4% while WTI rose 0.2%.

A spokesperson for Chinese automaker BYD has objected to reports about poor conditions at a construction site in Brazil where it is building a factory, saying the allegations were aimed at “smearing” China and Chinese brands

Here are a few takeaways on electric vehicles in 2024: As of November, the global EV market grew by 25% year-over-year

Apple's third-biggest market -after the US and China-by 2026, with volumes sold locally surging by up to a fifth next year to as many as 15 million units, as the iPhone maker pivots toward other emerging economies to offset the impact of an alarming Chinese market-share shrinkage triggered by Huawei's revival.