China Financial News

«China stands ready to work with India to deliver on the important common understandings between the leaders of the two countries, step up communication and cooperation and enhance strategic mutual trust,» he said, adding that he has no information on the specifics of the meeting of the leaders and officials. At their Kazan meeting, the two leaders endorsed the India-China agreement on patrolling and disengagement along the Line of Actual Control (LAC) in eastern Ladakh and issued directions to revive various bilateral dialogue mechanisms, signalling attempts to normalise ties that were hit by a deadly military clash in 2020.

As Donald Trump threatens to impose tariffs on the entire world, Xi Jinping is once again wasting no time in positioning himself as the premier defender of the international trading system.

Mark Gurman, Apple Intelligence – the company’s AI suite – is not likely to integrate ChatGPT when it rolls out globally in December. Notably, Gurman speculates that Apple’s delay in incorporating Gemini into its AI ecosystem could be intentional, allowing OpenAI an exclusive operational window.According to the media reports, this development follows earlier announcements at Apple’s Worldwide Developers Conference (WWDC) 2024, where Craig Federighi, Apple’s Senior Vice President of Software Engineering, teased the possibility of Apple Intelligence integrating with other AI models, including Gemini.

On Monday morning, AQI levels in the city remained dangerously high. Notable readings included 919 in Mundka, 762 in ITI Jahangirpuri, and 624 in Anand Vihar, placing these areas in the 'severe-plus' category. In Beijing, the capital of China, pollution is nearly 10 times less than in Delhi. More than a decade ago, Beijing was known as the smog capital of the world where air pollution caused thousands of deaths every year. In a decade, starting in 2013, Beijing was able to bring down its air pollution drastically with a host of measures. Can Delhi learn anything from Beijing's war on air pollution?

Consumer Technology Association CEO Gary Shapiro discusses how tariffs impact the prices of laptops on The Claman Countdown.

foreign institutional investors (FIIs) for the last one-and-half months which have resulted in an 8-9% correction in the Indian benchmark indices, the outflows are just about 1% of foreign ownership in the domestic equities. Moreover, the local markets are cushioned with 83% domestic ownership with tailwinds of strong retail appetite.

Subscribe to enjoy similar stories. Indonesia, for decades a natural partner to the US because of similar defence priorities and democratic values, has in recent years drifted more toward China, drawn by its economic support. A potentially more insular American foreign policy under President-elect Donald Trump is pushing Jakarta even closer to Beijing.

Subscribe to enjoy similar stories. As the dust settles after one of the most turbulent presidential elections in American history, many are asking whether US president-elect Donald Trump will deliver on his economic agenda and—assuming he follows through on his campaign promises—what impact his policies will have on the United States and rest of the world. On the campaign trail, Trump repeatedly pledged to create manufacturing jobs by imposing a 10% tariff on all imports and up to 60% on Chinese goods.

Indian economy in 2025. While the outlook remains optimistic, the report, authored by Radhika Rao Senior Economist, DBS Bank and Philip Wee, Senior FX Strategist, DBS Group, highlights both structural strengths and cyclical headwinds.

Subscribe to enjoy similar stories. The return of Donald Trump to the US presidency has raised fears worldwide of a trade war. Throughout his campaign, Trump vowed to raise tariffs on US imports, arguing that cheap imports were threatening American jobs.

international students in the United States, according to the latest Open Doors Report on International Educational Exchange. During the 2023-2024 academic year, over 331,602 Indian students pursued higher education at US institutions, representing a significant 23% jump from the previous year. This increase was primarily driven by graduate student enrollment, which saw a 19% rise to reach 196,567 students. The report also highlights a significant 41% increase in Indian students participating in Optional Practical Training (OPT) after graduation, reaching a total of 97,556. “The experience of studying in the United States not only shapes the lives of individuals, but the future of our interconnected world,” said Scott Weinhold, senior bureau official for the Department of State Bureau of Educational and Cultural Affairs. “The ties formed between US and international students today are the basis of relationships for future business and trade, science and innovation, and government relations.”

The leaders of Nigeria and India have pledged stronger ties in maritime security and counterterrorism during Prime Minister Narendra Modi first visit to Nigeria

Shares are mixed in Asia after U.S. stocks fell to their worst loss since Election Day

Carl Benz might have invented the automobile, but it’s the United States that got us to drive them. The relentless export of American cars and car culture put the world on the road in the 20th century. By the 1960s, Ford Motor Co. had plants in almost every major European country, as well as Argentina, Brazil, Egypt, India, Israel, Peru, Pakistan, South Africa, Turkey, and Zimbabwe. Right now, it’s passing that baton to China with barely a fight. The US car industry that emerges will be smaller, less influential — and, eventually, less profitable and financially sustainable.

COP29 summit concluded in Baku without significant breakthroughs, as deep divisions between developed and developing nations stalled progress on key issues like climate finance, trade measures, and equitable responsibility for climate action. India, representing the G-77/China and BASIC blocs, demanded accountability from wealthier countries on unmet financial commitments. The G-77/China bloc reiterated the call for $1.3 trillion annually in climate finance, with an emphasis on grants and concessional funding to avoid burdening vulnerable economies already grappling with the impacts of climate change. «Loans make up nearly 70 per cent of climate finance provided so far. This is unacceptable and places undue pressure on developing economies,» an Indian negotiator had asserted, urging developed nations to move away from debt-inducing mechanisms.

FII selling that has wiped off nearly Rs 50 lakh crore from the Indian stock market ever since the bull market ended less than two months ago is now giving early signs of a U-turn before the Santa rally season begins in December-end. The pace of sell-off decreased to just about Rs 2,500 crore in the second week of the month after the first week saw foreigners decamping with nearly Rs 20,000 crore.

Laurence Balanco, CLSA, says the upside target for Nifty from the structural moves that we have seen historically for the Nifty is over 37,000 as an ultimate upside target towards the end of this decade. Balanco says there is still further upside and that is why they want to look at opportunities to increase exposure. But they are not seeing the evidence to jump back in. Just over 37,000 is the longer term target for the Nifty in this phase of the bull market off the COVID lows. Which is that one asset class or trade that could be a multi-year short? For example, if someone said they would go short in China, three years ago, that turned out to be the trade of the century. What is that one trade you would say that I would remain short? Laurence Balanco: That is a question without notice. It is off the top of my head on a structural basis. In the near term, the most vulnerable market that we have highlighted has been the Euro Stoxx 600. This market peaked in April, May. This year, there was a dip into the August lows. We had a rally back to those April, May highs where we have stalled out and rolled over. So, it does look like a space that relatively underperforms. And then we have also got this potential double top pattern.

Hong Kong stocks are cheap but may miss out on the benefits of China's efforts to support its economy, analysts at Goldman Sachs said, while downgrading their recommendation on the market. «Although valuations are not demanding, Hong Kong does not offer much economic or earnings growth,» Goldman analysts said in an Asia-Pacific portfolio strategy note published on Sunday, which recommended an underweight allocation to Hong Kong.

Grasim Industries will be in focus in Monday's trade after the company reported a 66% fall in its consolidated net profit at Rs 389 crore in the second quarter. The company earned a revenue of Rs 33,563 crore for Q2FY25, up 11% YoY, driven by strong performance from its diversified business portfolio.

Oil prices edged up on Monday after fighting between Russia and Ukraine intensified over the weekend, although concerns about fuel demand in China, the world's second-largest consumer, and forecasts of a global oil surplus weighed on markets. Brent crude futures gained 20 cents, or 0.3%, to $71.24 a barrel by 0130 GMT, while U.S. West Texas Intermediate crude futures were at $67.11 a barrel, up 9 cents, or 0.1%.

Alibaba Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with direct knowledge of the matter. The company in a regulatory filing on Monday said it was considering carrying out the transaction.