China Financial News
19.12 / 08:31
Pride
country
stars
Interviews
Sporting
chess
Dommaraju Gukesh and India’s chess comeback
Subscribe to enjoy similar stories. It isn’t often that an Indian athlete prevails over a Chinese competitor, but that happened last week in Singapore. Eighteen-year-old Indian grandmaster Dommaraju Gukesh became the youngest-ever undisputed world chess champion by defeating 32-year-old Ding Liren of China in the final game of a 14-game championship.
19.12 / 08:15
19.12 / 06:59
Strategy
Software
Trade
track
country
2020
peace
2024, the year India defeated China's salami-slicing strategy
China Sea to Himalayan frontiers, Beijing’s methodical approach has left neighbouring countries scrambling to respond. China shares its border with more than a dozen countries and it has had border disputes with at least six of them over the past few years. On its border disputes with its neighbors, China has mostly gone unchallenged, gradually pushing its salami-slicing strategy forward. But 2024 was a turning point: India was the first country in past few decades to decisively stop China in its tracks and refuse to yield to its tried-and-tested game. India’s resistance proved to be a firm message that China’s expansionist ambitions can't always go unchecked.
19.12 / 06:13
Manufacturing
Highways
Death
show
information
Traffic
Investigations
US retreats from massive air bag recall and says industry comments show need for more investigation
U.S. safety regulators have backed away from seeking a recall of nearly 50 million air bag inflators
19.12 / 06:13
19.12 / 06:13
Platform
ByteDance
TikTok
Justice
social
Department
Courts
Supreme Court will hear arguments over the law that could ban TikTok in the US if it's not sold
The Supreme Court will hear arguments next month over the constitutionality of the federal law that could ban TikTok in the U.S. if its Chinese parent company doesn’t sell it
19.12 / 04:07
markets
UPS
Manufacturing
Volkswagen
Strategy
Software
Simulation
A tie-up between Honda and Nissan will not fix their problems
Subscribe to enjoy similar stories. Honda put nostalgia to the fore on December 18th when it announced that the Prelude, a nameplate last produced some 25 years ago, now being relaunched as a hybrid-electric, would come with the option of a system that simulates gear changes and combustion-engine noises. The message, however, was quickly drowned out by news with far more bearing on the Japanese carmaker’s future.
19.12 / 02:25
UPS
Manufacturing
Software
economy
Remark
Trade
show
Services led exports are a mixed blessing for the Indian economy
Subscribe to enjoy similar stories. If every cloud has a silver lining, the glow around India’s data that shows November’s trade deficit at a record high of $37.9 billion is the remarkable performance of service exports. According to provisional numbers released by the government, service exports are projected to overtake merchandise exports in November 2024.
19.12 / 02:15
19.12 / 01:37
markets
Volkswagen
Racing
security
track
reports
shock
Mint Quick Edit | Can a Honda-Nissan merger secure an EV boost?
Subscribe to enjoy similar stories. Could Japanese carmakers rally together to push the pedal on electric vehicles (EVs), a fast-emerging market in which they lag their overseas rivals? Honda and Nissan are reported to be exploring a merger.
18.12 / 22:55
18.12 / 19:51
markets
Strategy
Software
Experts
song
reports
China breaks U.S-held record in space exploration; here's what Chinese taikonauts did
Chinese astronauts named Cai Xuzhe and Song Lingdong have reportedly set an absolutely new world record for the longest spacewalk while completing a nine-hour extravehicular activity (EVA) in the month of December this year, reported CNN. According to CNN, this achievement actually surpasses the previous record of eight hours and 56 minutes which was held by US astronauts named James Voss and Susan Helms since the year 2001. The spacewalk was actually conducted outside the Tiangong space station with a major support from their crewmate Wang Haozhe who eventually remained inside. Also Read: New wonder plastic that is bulletproof? Yes! This material is comparable to steel; here's all about the new discovery
18.12 / 19:51
markets
Strategy
Software
film
Experts
stars
Videos
Prime Video, Peacock, Max new movies to watch: Check full list
Prime Video, Peacock, Max have new movies for subscribers to watch this week. At least four films will be released on Prime Video, Peacock, Max. It was easy to miss Clint Eastwood’s «Juror No. 2» in cinemas, but the 94-year-old’s latest arrives Friday, December 20 on Max. And “Juror No. 2,” despite its small theatrical footprint, has been much praised by critics. In it, Nicholas Hoult plays a juror in a murder trial who’s struggling with a moral dilemma. What goes on inside the Vatican before white smoke flows out of the Sistine Chapel? “Conclave” (streaming now on Peacock), about the election of a new pope, is a gripping thriller that imagines how the gathering of cardinals could go. The film, directed by Edward Berger and based on Robert Harris’ 2016 novel, stars Ralph Fiennes as the cardinal tasked with running the conclave. Nominated for six Golden Globes, “Conclave” is a major Oscar contender and one of the rare recent adult-oriented dramas to succeed at the box office.
18.12 / 18:27
MET
WhatsApp
President
travelers
Sri Lankan President Dissanayake likely to visit China soon
Sri Lankan President Anura Kumara Dissanayake may visit China following his trip to India, and preparations are underway to welcome him, according to a senior Chinese official. Dissanayake travelled to India early this week on a three-day visit — his first foreign trip after assuming charge as the president. Vice-Chairwoman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) Qin Boyong, who met Dissanayake on Wednesday, said preparations are underway to welcome him during his future visit to China.
18.12 / 17:51
markets
UPS
Citi
Digital
awards
trends
Schools
CATL says it has co-developed 10 new EV models with swappable batteries
CATL said on Wednesday it had co-developed 10 new electric vehicle models with automakers that use swappable batteries, as the Chinese battery giant seeks to lead a trend it says will replace a third of gasoline stations in China. Yang Jun, CEO of CATL's battery swapping brand EVOGO, said it would roll out the first EV that uses its so-called «choco-swap» battery this month, with the remaining to be launched in upcoming months. CATL will also look to build 1,000 battery swapping stations next year and to accelerate this further by enlisting partners to build more stations, he added.
18.12 / 17:51
markets
Reuters
Digital
security
Software
reports
Department
US considers ban on China's TP-Link over national security concerns: Report
national security concerns after its home internet routers were linked to cyberattacks, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. In August two U.S. lawmakers urged the Biden administration to probe the Chinese router-manufacturer and its affiliates over fears their Wi-Fi routers could be used in cyber attacks against the U.S., according to a letter seen by Reuters. The Commerce, Defense and Justice departments have opened separate probes into the company, with authorities targeting a ban on the sale of TP-Link routers in the U.S. as early as next year, the report said.
18.12 / 16:45
markets
Software
love
Schools
Interviews
Relationships
As Prince Andrew faces pressure from multiple fronts, ex-wife Sarah Ferguson heaps praise on him, says she was ready to marry him all over again
Sarah Ferguson who is the Duchess of York eventually expressed her unwavering affection for her ex-husband named Prince Andrew while stating that she would marry him ‘all over again, 100 percent’, reported In Style. According to In Style, in spite of their divorce in the year 1996 which was after ten years of marriage, Sarah Ferguson actually emphasized on the strength of their bond while describing Prince Andrew as ‘the best’ and immensely praised his character. She even recalled their wedding day while claiming that as the happiest day of her life and also noted that their love endures despite the severe challenges they have faced. Also Read: Nancy Pelosi endured pain to take a photo with a broken hip and this was responsible for her accident
18.12 / 11:41
markets
Action
security
Research
Justice
Department
Investigations
US weighs ban on Chinese-made router in millions of American homes
Subscribe to enjoy similar stories. U.S. authorities are investigating whether a Chinese company whose popular home-internet routers have been linked to cyberattacks poses a national-security risk and are considering banning the devices.
18.12 / 11:29
18.12 / 10:29
markets
UPS
security
Tesla
Xiaomi
social
Updates
Mahindra makes India proud by beating its former partners Ford, Renault, Stellantis in market value. Anand Mahindra reacts
Anand Mahindra, the chairperson of the Mahindra Group, recently shared a compelling update on social media highlighting the market capitalization rankings of the world’s top automakers. Leading the list is Tesla, valued at an astonishing $1.23 trillion, followed by Toyota at $233.26 billion. Chinese automakers BYD and Xiaomi secured the third and fourth spots with valuations of $107.52 billion and $105.72 billion, respectively. Mahindra & Mahindra ranked 11th, with a market capitalization of $43.12 billion, placing it ahead of major global players like Stellantis, Ford, and Renault. Reflecting on this achievement, Anand Mahindra traced the company’s journey back from the early 1990s when India’s economy opened up. At that time, the world doubted whether Indian automakers could survive without external partnerships. Mahindra sought technological collaboration with companies like Peugeot (now part of Stellantis), Ford, and Renault to learn the art of building modern vehicles. While expressing gratitude for these partnerships, he noted the sense of fulfillment in seeing Mahindra now outpace some of these former collaborators in global market capitalizations. He emphasized that such milestones are never permanent but are a reminder of the constant effort required to stay competitive. Mahindra’s customer-centric approach and commitment to excellence, he stated, remain central to their long-term success and relevance.
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