China Financial News
25.12 / 08:19
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Prosecutors find workers in 'slavery like' conditions at Chinese car company site in Brazil
A task force led by Brazilian prosecutors says it has rescued 163 Chinese nationals working in “slavery-like” conditions at a construction site in northeastern Brazil, where Chinese electric vehicle company BYD is building a factory
25.12 / 08:11
markets
Strategy
Software
Experts
PAM
country
reports
China accounted for 80% of global EV sales growth in 2024 : IEA report
China accounted for nearly 80 per cent of Electronic Vehicle growth globally, with EV sales jumping from over 3 million in the first half of 2023 to more than 4 million during the same period in 2024, according to a report by the International Energy Agency (IEA).
25.12 / 07:57
UPS
economy
pandemic
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social
2020
Five years since covid: how the pandemic changed the world
Subscribe to enjoy similar stories. In December 2019, a cluster of cases with an unknown flu-like illness emerged in Wuhan, China. Within a few weeks, the virus spread across the region, and soon engulfed the world.
25.12 / 06:53
markets
Manufacturing
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Sustainability
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budget 2025
Budget 2025: Give India's economic growth a push
India Budget: The need to reignite India’s economic growth to 7-8% took center stage at a high-level pre-Budget meeting between Prime Minister Narendra Modi and leading economists on Tuesday. The discussions, held as part of pre-Budget consultations, focused on strategies to maintain growth momentum amidst global economic uncertainties and position India on track to achieve developed nation status by 2047.
25.12 / 06:53
markets
Target
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country
Schools
Ro Khanna defends Indian-origin Sriram Krishnan's appointment as Trump's AI advisor; calls it 'American exceptionalism'
Ro Khanna criticised those targeting Indian-born Sriram Krishnan, who was recently chosen as a senior policy advisor for Artificial Intelligence by President-elect Donald Trump, over his Indian origin.
25.12 / 04:35
25.12 / 01:17
markets
UPS
Digital
Strategy
Software
country
Family offices, PEs team up for $1 bn stake in Haier's India operations
Kolkata | Mumbai: Family offices of prominent industrialists, private equity funds are considering acquiring a majority stake in the Indian operations of Haier for a little over a billion dollars as the Chinese consumer appliances and electronics major seeks to indigenise its business amid heightened regulatory and bureaucratic scrutiny, people familiar with the matter said.
25.12 / 00:15
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Experts
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Investigations
Bruised by rising imports, steelmakers pin New Year hopes on safeguard duty
Subscribe to enjoy similar stories. Mumbai: The commerce ministry's investigation into imports of flat steel products and a likely safeguard duty to curb their shipments have sparked optimism of a turnaround for Indian steelmakers after a tepid year marred by slipping sales price and shrinking margins. A safeguard duty, which is a temporary measure to protect the domestic industry from cheap imports, could finally arrest the slide in steel prices, industry experts said.
24.12 / 19:39
markets
COST
Digital
Software
Xerox
International
Xerox to acquire printer maker Lexmark for $1.5 billion
Lexmark International from a consortium of Asian investors in a deal valued at $1.5 billion.
24.12 / 14:13
markets
UPS
Strategy
economy
Trade
track
Energy, mining stocks lead gains in Europe's holiday-thinned trade
stocks index rose on Tuesday, with mining and energy stocks leading gains amid light trading volumes ahead of the Christmas break. The pan-European STOXX 600 was up 0.2%, with many markets either shut or working reduced hours for Christmas Eve.
24.12 / 13:31
markets
COST
FIVE
Manufacturing
wellness
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electronic
Medical devices maker Poly Medicure to focus on exports amid geopolitical shift
Subscribe to enjoy similar stories. Indian medical equipment manufacturer Poly Medicure Ltd. will continue to focus on export markets amid rising demand in the US and as global economies look to diversify their supply chains away from China, a top company official said.
24.12 / 13:03
markets
Strategy
Software
Trade
Experts
PAM
country
FIEO seeking govt support to boost US exports amid threat of high tariffs on China
FIEO on Tuesday said it has formulated a strategy to boost India's exports to America, aiming to capitalise on potential opportunities that may arise as the US President-elect, Donald Trump, has threatened to impose high tariffs on Chinese goods. As part of its plan, the body has urged the government to provide financial assistance for Indian exporters to participate in exhibitions across the US, FIEO (Federation of Indian Export Organisations) Vice President Israr Ahmed told reporters here.
24.12 / 12:31
24.12 / 12:31
24.12 / 12:15
24.12 / 10:11
markets
COST
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Raise import duty on petchem: Trade body SOS to govt
customs duty to protect the domestic industry and jobs. The Petrochemicals and Plastic Committee of the Federation of Indian Chambers of Commerce and Industry (FICCI) has written to Ministry of Chemicals and Fertilizers seeking hike in customs or import duty on polypropylene and polyethylene — vastly used in automobiles, packaging, agriculture, electronics and medical devices as well as in construction — from 7.5 per cent to 12.5 per cent.
24.12 / 10:07
markets
FIVE
wellness
Trade
2020
reports
rights
China, Vietnam and Hong Kong may spring surprises in 2025
Subscribe to enjoy similar stories. From China’s stock rout to the unwind of the yen-funded carry trade, whose participants, according to some, “eat like a bird and poop like a cow," 2024 was full of surprises. No one expects 2025 to be less exciting.
24.12 / 07:19
markets
COST
UPS
Manufacturing
Tesla
reports
International
Nissan and Honda agreed to a merger. Will their cars get cheaper in Canada?
Two of Japan’s largest automakers – Nissan and Honda – announced on Monday that they plan to work toward a merger, which would make the combined entity the third-largest vehicle manufacturer in the world.
24.12 / 06:19
markets
UPS
Citi
FIVE
Citigroup
country
reports
What lies ahead for GCCs in India after a pivotal year
Subscribe to enjoy similar stories. For global capability centres (GCCs) in India, 2024 was a pivotal year. Until 2010, GCCs were mostly outposts of multinational corporations (MNCs), providing technology and operational support to the parent company, according to Zinnov, a management consulting firm.
24.12 / 06:19
UPS
Citi
Research
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2020
Schools
The ‘invisible wall’ amplifying China’s population doom loop
Subscribe to enjoy similar stories. Even as China’s leaders have looked for ways to lift sagging birthrates, Beijing thought there was one group who would always want to have many children: rural couples. They were wrong.
24.12 / 05:17
Manufacturing
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Netflix
War
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Interviews
Squid Game creator reveals the real-life violence which inspired the hit Netflix show
Squid Game, Netflix’s global phenomenon, is all set to stream on the OTT platform. While the series presents a fictional account of desperate individuals competing in deadly games for a massive cash prize, its origins are deeply rooted in real-life events, inspired by the violent Ssangyong strikes of 2009. A factory transformed into a war zone, riot police wielding tasers, and an activist enduring 100 days atop a chimney—the real-life unrest that inspired Netflix’s most successful show bears all the elements of a gripping TV drama.
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