China Financial News

«So, whether the fiscal incentive comes or not, that will determine quite a few things. And of course, if exports were to revive, then it can become a much better trade. But these two has not happened yet and in the absence of these two, China remains more of a tactical trade,» says Rana Gupta, Manulife Investment Management. All of us in the last 15 days have spent a considerable time in understanding this China comeback and sell India trade. Is that a real trade? Do you think that is a multi-year trade or that trade is already over? Rana Gupta: Well, it depends on whether the Chinese policymakers go down the path of a large fiscal stimulus or not. In our view, China was export oriented economy, which got its savings and invested in real estate.

smartphone shipments grew 5% in the third quarter of 2024, driven by persistent demand in emerging economies and the start of a replacement cycle in North America, China and Europe, underpinning a recovery in the market after a prolonged slump. The July-September quarter marked the fourth consecutive quarter of growth in the smartphone market, research firm Canalys said in a report on Monday. Apple reached record high third-quarter shipments, backed by strong demand for its older models, the report added. WHY IT'S IMPORTANT

China’s export growth unexpectedly slowed in September, curbing a trade rebound that has been a bright spot for a weakening economy that policymakers are relying on manufacturing to power. Exports climbed just 2.4% in dollar terms from a year earlier to almost $304 billion, the lowest level since May, the customs administration said Monday. Shipments to key markets including Japan, South Korea and Taiwan all fell, while exports to the European Union and the US marked their slowest rise in at least four months as politicians ramped up tariffs. Russian purchases of Chinese goods soared to a record $11 billion, as Beijing continues to shield Moscow from economic isolation after Western companies producing everything from cars to phones quit President Vladimir Putin’s nation due to sanctions to punish his military aggression.

Taiwan's defence ministry on Tuesday detailed the surge in Chinese warplane activity around the island during war games the previous day, saying it had detected a record 153 Chinese military aircraft. China held a single day of what it called "Joint Sword-2024B" drills on Monday as a warning to «separatist acts», following last week's national day speech by Taiwan President Lai Ching-te that Beijing denounced. In its daily update on Chinese military activity around the island in the previous 24 hours, Taiwan's defence ministry said it spotted 153 Chinese military aircraft, updating a figure given on Monday evening of 125 which it had already said was a record high for a single day.

Mayuresh Joshi, Head Equity, Marketsmith India, says in the second half, Reliance’s retail-oriented businesses should see a strong comeback. The new-age businesses are something to be seen as well. They are having a very calibrated approach in terms of their new-age businesses. So, the kind of timelines we are looking at for these new-age businesses without minimal burden on the balance sheet is going to be critical. These two segments might offset the weakness in upstream and the O2C business. In realty stocks, Joshi says if somebody is holding Oberoi, Godrej, and DLF, they can continue holding on. Among real estate ancillaries, Greenply, Century may work out. What are the expectations from Reliance Industries? More than earnings, what are the next set of triggers to watch out for because it has been fairly sideways since it is down to Rs 2,700 from Rs 3,200 all-time high level. What will provide a fillip to Reliance from here on? Do you believe in the tie-ups that the Street has been talking about? Mayuresh Joshi: Coming to triggers going forward, there are two things. One, if there is a genuine recovery in terms of China per se in the next few quarters, the downstream business, which defines how the petchem business will move for Reliance and the spreads thereof should show signs of stability and improvement and that can have a telling say in terms of the petchem performance itself.

Central banks remain keen buyers of gold to diversify their reserves for financial or strategic reasons, representatives of three central banks told the London Bullion Market Association's annual conference in Miami on Monday. Elevated demand for gold from central banks underpinned the price of the non-yielding gold when the global interest rates were high in 2022-2023 and then slowed down with this year's 28% spot gold price rally. China's central bank held back on buying gold for a fifth straight month in September.

Subscribe to enjoy similar stories. Wars in the Middle East and Ukraine dominate the headlines, but the Indo-Pacific remains the fulcrum of world politics and where the 21st century will take shape. While bombs fall and missiles fly elsewhere, the Chinese Communist Party is wrestling with its greatest challenges since Deng Xiaoping’s reforms fueled a generation of blistering growth in the 1980s.

Venugopal Garre, MD,Bernstein, says China recovery is positive for India, and not negative for India. From a broader India perspective, India is going potentially through a phase of fatigue in the economy which is going to impact earnings as well. So, we need to watch more for that as a challenge for capping Indian equity returns than anything else. Derivative drivers, be it aspects around IIPs, production levels and things like cement demand, across the board we see some degree of fatigue which is more derivative in nature in terms of demand. Let us understand your view of the world. Exactly a week ago, the concerns for equity markets were abundant – China, US macro data, and the Middle East crisis. At least for the moment, two out of those three concerns have taken a backseat.

China’s Premier Li Qiang has inaugurated a Beijing-funded airport built in restive southwestern Pakistan as he arrived for a regional security meeting in the capital, Islamabad

Auto manufacturers competing to persuade drivers to go electric are rolling out cheaper, more tech-rich models at the Paris Motor Show

Stellantis is fixing its slowing U.S. sales at the right pace after fumbling a marketing plan earlier this year, CEO Carlos Tavares told reporters Monday

U.S. stock indexes closed higher on Wall Street, adding to their all-time highs

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Subscribe to enjoy similar stories. Asia is scrutinizing China’s unprecedented efforts to keep its economy humming. If Beijing doesn’t succeed, the fallout will ripple across the region, just as economies there get onto firmer ground.

Subscribe to enjoy similar stories. Manesar, Haryana-based electronics design and manufacturing services provider VVDN Technologies plans to invest $100-200 million over the next three to four years to set up manufacturing facilities for making printed circuit boards, camera lens, displays and connectors, in a bid to ensure its own availability of components and reduce dependence on imports from China. VVDN president Vivek Bansal said in an interaction with Mint that the new facility will supply components across its lines of business which includes 5G telecom radio equipment, IoT, automotive, industrial use cameras, EV chargers and upcoming businesses of data centre servers, laptops, smartphones, and smart meters.

Kunal Kothari, Research Analyst, Centrum Broking, says in the last two weeks, there have been a good turnaround in the trend and prices have moved up by around Rs 1000 to Rs 1500 per tonne. So, the stimulus that was announced in China is flowing very positively for the metal sector. On the back of the positive commentary that has come in from China, do you expect any kind of an uptick in prices because we were expecting some positive boost to come in when it comes to the real estate space and the manufacturing sector, but nothing meaningful had come in from China. Post this announcement, are you expecting an uptick in the metal prices? Kunal Kothari: Yes, of course, on the international front, we have already seen a good uptick in the steel prices. So, on a month-on-month basis, it has already gone up 15% from the bottom, that we saw last month. Similarly, a positive trend is continuing in India as well. In the last two weeks, we have seen a good turnaround in the trend and prices have actually moved up by around Rs 1000 to Rs 1500 per tonne. So, the stimulus which has been announced in China is actually flowing very positively for the metal sector.

Julia is an experienced editor with a passion for covering a wide variety of beats. She loves all things politics and regularly covers regulatory updates on emerging technology here for Crypto News.

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Asian shares have started the week on a high note, with stocks in China rising more than 2% after the finance minister said over the weekend that more stimulus is needed for the slowing economy