China Financial News

The head of China's National Development and Reform Commission (NDRC) Zheng Shanjie told reporters in Beijing «we are fully confident in achieving the goals of economic and societal development for the year», according to reports. At the beginning of 2024, the Chinese government set an economic growth target of 5% for the year. This was in contrast to international expectations, as China's economic growth had slowed in recent years, and was projected to decelerate to 3.3% by 2029 by the International Monetary Fund. Chinese equities surge on the back of biggest stimulus package in y...

Subscribe to enjoy similar stories. General Motors, long a dominant player in China, was hoping to reinvigorate its faltering business in the world’s largest car market with an influx of new models over the past two years. Among them was the electric Cadillac Lyriq, a flashy luxury car that executives hoped would appeal to Chinese consumers who were increasingly gravitating to plug-in cars.

As the U.S. trade representative, Katherine Tai is legally required to avoid discussing this year’s presidential election

Officials say a massive explosion outside Pakistan's Karachi Airport has killed two workers from China and injured several others

.When it comes to energy, Jarand Rystad is the numbers guy. The former McKinsey & Company partner founded Oslo-based Rystad Energy, an independent research and energy intelligence company that sells data and analysis on oil, gas, coal and renewable for...

equity indices extended their losing streak to a sixth straight session on Monday, marking the longest decline since October 2023, as concerns over corporate earnings and escalating conflict in the Middle East weighed on investor sentiment. The Nifty 50 fell 0.87% to close at 24,795, while the S&P BSE Sensex dropped 0.78%, ending at 81,050.

Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

coal exports to India to tap into growing demand for the fuel in the Asian country, Russian Deputy Prime Minister Alexander Novak said. China remains the biggest buyer of Russian coal but Moscow has said India may overtake it by the start of the next decade as Beijing plans cutbacks on coal usage for power generation. India has increasingly relied on coal to address record power demand, with the rise in coal-fired power output earlier this year outpacing renewable energy growth for the first time since at least 2019.

Asian shares have advanced after a surprisingly strong U.S. jobs report raised optimism about the economy, sparking a rally on Wall Street

Maldives President Mohamed Muizzu will hold talks with Indian Prime Minister Narendra Modi in New Delhi as he aims to repair relations between their countries that have been strained since he came to power last year

Subscribe to enjoy similar stories. The Nifty may be poised for a rebound after falling nearly 5% over the last four sessions, with a key indicator showing the selling frenzy has taken the index to oversold territory. The put-call ratio (PCR), which shows how many Nifty put options relative to call options (monthly as well as weekly series) are outstanding or open, has broken a one-year low of 0.7 to hit 0.69 on Friday, as per data analytics firm IndiaCharts.

Subscribe to enjoy similar stories. India’s transportation sector is racing toward an electric revolution. Electric vehicles (EVs) are gaining momentum, fuelled by soaring fuel prices, government support, and aggressive green targets.

Indian Air Force proved its capability to strike down Chinese spy balloon type targets at a very high altitude of 55,000 plus feet along the eastern front recently. In early 2023, the US government had used a fifth generation F-22 Raptor fighter jet to shoot down a Chinese spy balloon over the sea. The IAF had been holding discussions on the issue of tackling the challenge posed by such balloons which fly at very altitude and also held discussions with the American Air Force last year

Subscribe to enjoy similar stories. A major explanation for India’s manufacturing sector remaining stagnant despite policy efforts to stimulate its growth lies in the changing traits of industrialization, with India being a latecomer only making it more challenging. In China and the US, industrialization and urbanization took place together.

Subscribe to enjoy similar stories. One of the biggest simplifications in markets is to buy cyclical sectors when the economy’s booming, and defensives in a slowdown. It’s obvious—until you try to decide what’s cyclical and what’s defensive.

Subscribe to enjoy similar stories. New Delhi: India will become a developed economy over the next 25 years if it sticks with the reforms pledged by policymakers, but the country has to move fast in building global supply chains before it is too late, economist Jagdish Bhagwati said in an interview.

Aswath Damodaran, Professor, Stern School of Business, NYU, says AI is set to be a key frontier for emerging companies. If this sector grows significantly, it raises the question of whether the top five companies will remain US-based. It would be encouraging to see at least one Indian company among these leaders. Damodaran thinks Europe may struggle to produce a major player. Indian firms have a unique opportunity now, especially since China has restricted its major tech players like Tencent, JD, and Alibaba, limiting their potential to invest in AI. This creates a chance for India to capitalize on the situation, but it will require significant effort. If a prominent Indian tech company appears among the top ten global firms by market capitalization in the next decade, it would be an exciting development.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Mirwaiz Umar Farooq on Friday urged the BJP-led central government to be realistic and restart the dialogue process for the resolution of Kashmir issue and follow the path set by former prime ministers Atal Bihari Vajpayee and Manmohan Singh. The authorities allowed Mirwaiz to address Friday congregation at historic Jama Masjid after a month-long house arrest for which he has approached J&K High Court as well. The court on Friday directed senior additional advocate general to file response as to whether the petitioner has been put under undeclared house arrest. The case will now be heard in November. «BJP govt should take a realistic approach and accept that we have to resolve this (Kashmir) issue. A precedent in this regard is available with us, like when we spoke with Atalji, Advaniji and Manmohan Singhji, to look for options and a way forward. We need to revisit the same policy if the government wants to resolve this issue,» said Mirwaiz during the Friday congregation. Mirwaiz said that Hurriyat as an organisation may be in disarray after 2019 as several people were arrested and summoned, but it still represents sentiments and emotions of the people of J&K. He said that as long as a part of J&K is in India, a part in Pakistan and some parts in China, especially after 2019, the future of the region is uncertain.

Sri Lanka has assured that it will not allow its territory to be used in a manner inimical to India's security interest, even as India said that it will be a steady partner in the economic recovery and development of the island nation. In the first visit by a foreign dignitary after the National People's Power, led by Anura Kumara Dissanayake, came to power, external affairs minister S Jaishankar met the top Sri Lankan leadership and invited the President on behalf of Prime Minister Narendra Modi to visit India. An official statement after the visit stated that the meetings highlighted that the interests of India and Sri Lanka were closely intertwined and collaboration was in mutual interest and contributed to the stability and security of the region. «The importance of a continuous dialogue that would promote trust, transparency and mutual sensitivity was recognised. The President reiterated that Sri Lankan territory would never be allowed to be used in a manner inimical to India's security interests,» it read.

Air Chief Marshal Amar Preet Singh said on Friday, adding that in terms of production capacity, India is «way behind». The officer, who took charge earlier this month, said the Air Force needs new multi-role fighter jets «as of yesterday» but a decision on the process to acquire them has been pending. In frank comments on how the Air Force fares in comparison to China, the Air chief said that when it comes to the human element, the people behind the machine, India is way ahead but lags on technology and production.