China Financial News

Indian stock market ended lower on Tuesday, breaking its two-day winning streak, weighed down by selling pressure in auto and pharma stocks. The benchmark S&P BSE Sensex shed 105.79 points or 0.13% to settle at 80,004.06, while the broader Nifty 50 index lost 27.40 points or 0.11% to close at 24,194.5 points.

Mate 70 series is designed to rival high-end devices such as Apple's iPhone, with prices starting at 5,499 yuan (£636), undercutting the base iPhone 16, which retails at 5,999 yuan (£682).Richard Yu, Chairman of Huawei’s Consumer Business Group, introduced the Mate 70 at an event in Shenzhen, asserting that it is “the most powerful Mate phone ever". The new series boasts several innovations, including an improved processor and the world’s first mainstream smartphone featuring a satellite paging system, a notable leap in technology.

Subscribe to enjoy similar stories. Donald Trump’s return to the White House is stoking fears that he could reinstate a failed scheme launched during his first term that aimed to crack down on Chinese espionage, but ended up becoming more of a witch-hunt. Doing so would not only be destructive to American innovation, but give China an upper-hand in the tech race.

If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases, it’s likely that fewer buyers will choose EVs

Asian shares have mostly declined as worries spread over President-elect Donald Trump's comment that he plans to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office

₹59,999. Also Read | Infinix Zero Flip review: A promising debut or just hype?Realme GT 7 Pro is priced at ₹59,999 for the 12GB RAM/256GB storage variant and ₹65,999 for the 16GB RAM/512GB storage variant.

dollar inflows related to the rejig of MSCI's global equity indexes, which helped it sidestep weakness in regional peers after U.S. President-elect Donald Trump's tariff threat rattled markets. The rupee was at 84.23 against the U.S. dollar as of 09:40 a.m. IST, its highest level in nearly three weeks, following its previous close of 84.2875. The dollar pared early gains made in Asia trading after Trump said he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China.

President-elect Donald Trump is threatening to impose sweeping new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs

Other than the need to import gold and oil, the heart of our trade deficit stems from imbalanced trade with Asian economies. Of these, the biggest is our trade deficit with China, at over $83 bn a year. Our industrial machine can’t compete with the Chinese one as they sell to us 6× what we sell to them. Is this all a result of free trade? Not quite. What really exists are state-backed national manufacturing systems that compete for the best industries in the world economy. And that is where China, along with other East Asian nations, has had tremendous success.

Subscribe to enjoy similar stories. China’s industrial overcapacity became an issue of global concern even before the election of Donald Trump. Now his threat to place tariffs of 60% or more on Chinese exports will elevate the issue even further.

FIFA has signed its long-time sponsor AB InBev to a Club World Cup deal that will promote the Budweiser and Michelob Ultra brands at the tournament in the United States next year

Subscribe to enjoy similar stories. Leading China hawks in the U.S. House of Representatives are calling for a rethink on whether Hong Kong should continue to enjoy the cozy banking relationship it has with the U.S., saying the city is becoming a hub for money-laundering and sanctions evasion.

Tim Cook joined more than 20 corporate leaders in discussions with China’s premier Monday, as global companies grapple with potential trade disruptions and economic uncertainty. Cook, who’s visiting the country for at least the third time this year, joined top executives of global firms including Rio Tinto Plc, Corning Inc. and Charoen Pokphand Group in a meeting with Li Qiang, according to people familiar with the matter, who asked not to be identified discussing a private session. Chinese corporate chiefs including the heads of Lenovo Group and ICBC also attended the discussions focused on supply chain and trade issues, according to a guest list seen by Bloomberg News. The event comes ahead of a supply chain expo in Beijing that starts on Tuesday.

Subscribe to enjoy similar stories. For years, through carefully choreographed dinners and meetings, Apple CEO Tim Cook did something that has eluded many other corporate leaders: He developed a personal relationship with President-elect Donald Trump. Their rapport has been built, in part, by zeroing in on areas of mutual interest between Apple and Trump’s agenda.

Shares are mostly higher in Asia, tracking last week's gains on Wall Street

Subscribe to enjoy similar stories. India's economic performance improved significantly among emerging markets’ (EM) peers, driven by a remarkable rebound in exports. Despite a tumultuous stock market and the depreciation of the rupee, the country's growth was fuelled by a 17% year-on-year increase in exports in October, marking a sharp recovery after months of sluggish performance.

China over the past year has often felt like watching a looking-glass parody of the US. In America, electric vehicles have been in retreat all year. General Motors Co. and Ford Motor Co. have scaled back expansion plans and cut jobs amid flagging demand for battery cars. Analyst expectations for Tesla Inc.’s fiscal 2024 net income are barely a third of what they were two years ago. Even Apple Inc. junked its 10-year, multi-billion secretive project to build a revolutionary EV. On the other side of the Pacific, things couldn’t be more different. Battery and plug-in cars, which made up just 5% or so of the market in 2020, comprised 49.8% of all car sales in October, and only one out of the top 10 sellers came without a plug. Even the threat of tariffs from trade partners has barely slowed manufacturers’ global ambitions. What’s more, phone companies have, almost overnight, become major players.

Donald Trump has far-reaching implications for global trade and geopolitics. According to a report by Motilal Oswal, this policy carries mixed outcomes for exporters worldwide because it is designed to prioritize U.S. manufacturing by reducing imports, particularly from China. For India, Trump's policies present both opportunities and challenges. The Indo-Pacific defense strategy could strengthen U.S.-India collaboration, opening doors for Indian businesses in sectors such as pharmaceuticals and defense.

Huawei Technologies Co. for breaching US laws shocked President Xi Jinping’s inner circle and raised questions over whether Donald Trump would intervene in the case. Trump now faces a similar dilemma after US prosecutors charged Gautam Adani — India’s most powerful businessman and a close ally of Prime Minister Narendra Modi — in a $250 million bribery scheme. While Modi’s party called it a private matter, and Adani’s company denied the allegations, the case threatens to roil US-India diplomatic ties. Although Trump didn’t intervene in the Huawei case, which was eventually settled in 2021 after he left office, on its face he’ll have more incentive to make this case go away. Beyond Trump’s personal connection with Modi, the incoming US president has packed his team with China hawks who want to see stronger ties with India to counterbalance Beijing’s power in the region.

Subscribe to enjoy similar stories. The CoP-29 climate summit at Baku closed with a measly deal that has deeply disappointed the developing world and civil society in developed countries. So much so that the spokesperson for the Indian delegation to the annual series of UN-mandated climate talks called the final agreement an “optical illusion." India’s voice matters at such forums our delegates make sure it is heard loud and clear.

Subscribe to enjoy similar stories. America’s gross national debt is $36trn, or $107,000 per person. It is rising fast and will probably soon be rising even faster.