China Financial News

Some manufacturers and retailers are urging President Joe Biden to invoke a 1947 law as a way to suspend a strike by 45,000 dockworkers that has shut down 36 U.S. ports from Maine to Texas

Exchange-traded funds overseas that track Chinese stocks continued their stimulus-triggered rally Wednesday even as mainland markets were shut for a week-long holiday.

Former public safety minister Bill Blair said he “was not advised” for weeks after CSIS says it told his chief of staff that it was seeking approval to investigate an Ontario Liberal powerbroker in March 2021.

Former Reagan economic adviser Art Laffer says port workers are misinformed as they dismiss automation amid ongoing strike.

Subscribe to enjoy similar stories. India last month extended countervailing duties of 12-30% on certain steel imports from China and Vietnam, following requests from local producers to safeguard against cheaper imports. While this stance against Chinese goods is notable, data indicates that overall imports from China are still on the rise, while exports to the country are faltering.

Subscribe to enjoy similar stories. It’s an important global event when the world’s third-largest economy and a significant ally of the United States gets a new leader—even when that country is Japan. Tokyo has a history of producing a parade of bland, largely anonymous Prime Ministers with the occasional star.

Arctic sea for the first time, for a joint patrol with Russian counterparts, state media reported on Wednesday. The arrival of ship «Meishan» on Tuesday coincided with the 75th anniversary of the People's Republic of China, state television said. It also marked the 75th anniversary of China-Russia diplomatic relations. This follows similar joint patrols the two nations have been carrying out in the northern Pacific Ocean since Sept. 21, the report said.

China has driven its technology industry off a cliff. The number of startups fell by 50,000 between the peak in 2018 and 2023, with this year on track to be even lower. The market capitalizations of the biggest tech companies, including Alibaba Group Holding Ltd. and Tencent Holdings Ltd., have shrunk to the tune of hundreds of billions, and pale in comparison to US peers. There is no sign that the sector will ever rebound to what it was before a government crackdown that kicked off in late 2020, even as policymakers have signaled it’s over. Becoming a billionaire entrepreneur has become something to be feared, rather than celebrated. It’s easy for US policymakers to see this with vindication and yet more evidence of a superior tech landscape at home. And from their vantage point, they are correct: President Xi Jinping strangled a generation of entrepreneurs who could have benefited consumers and made investors a lot of money.

clean energy technology projects have exceeded $100 billion since the start of 2023 as they aim to avoid tariffs in the U.S. and elsewhere, Australian research group Climate Energy Finance (CEF) said on Wednesday. China is the world's biggest producer and exporter of products such as solar panels, lithium batteries and electric vehicles, with its investment, innovation and manufacturing capabilities leading the world by an «astonishing margin», CEF said in a research report.

Oracle plans to invest more than $6.5 billion to set up its first public cloud region in Malaysia, the company said on Wednesday, the latest major investment by a global tech firm into the Southeast Asian country. Technology giants including Microsoft, Nvidia, Alphabet unit Google and China's ByteDance have announced billions of dollars worth of digital investments into Malaysia since last year, mostly in cloud services and data centres, powering an infrastructure boom driven by growing demand for artificial intelligence (AI). A cloud region is the physical, geographic location where a company's public cloud facilities are located. Oracle's venture is set to be one of the largest single tech investments so far, outpacing the $6.2 billion planned spending by Amazon's cloud unit AWS announced last year.

renewable energy technologies, electric vehicles, and infrastructure projects tied to green initiatives. The demand for copper copper’s conductivity and durability make it indispensable for electrical systems, wind turbines, and solar power generation. The growing global push towards decarbonisation and clean energy projects is a key factor in driving sustained demand for copper, even as its prices remain highly volatile due to economic shifts and geopolitical tensions.

WTO) to rule on Canada's imposition of steep tariffs on Chinese electric vehicles as well as steel and aluminum products. Following the lead of the United States and European Union, Canada began imposing on Tuesday a 100% levy on EVs shipped from China, having also announced in late August a 25% tariff on Chinese steel and aluminum products. «China has raised a litigation to the WTO over Canada's unilateral and trade protectionist measures, and will conduct anti-discriminatory probe into these restrictive measures,» the ministry said in a statement.

Tata Electronics plant at Hosur is not operational within a month or so, market trackers and industry executives aware of the development said. But they are hopeful that the plant will become operational in a couple of weeks as the smartphone industry has entered the crucial festive season when the bulk of the sales happen. Operations at the Tata Electronics plant in the industrial town of Hosur in Tamil Nadu were disrupted over the weekend as a massive fire engulfed it. No casualties or injuries have been reported. The plant currently makes anodised enclosures, or cases, for the iPhone 15 and iPhone 16 models, according to industry analysts.

Subscribe to enjoy similar stories. Helios—The Watch Store, a multi-brand retailer of premium watches owned by Titan Co. Ltd, plans to launch exclusive outlets for luxury timepieces to cater to demand in the world’s fastest-growing market.

Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...

Speaker Mike Johnson is laying out a five-point policy agenda should Republicans take the majority next year

Joker 2 is releasing in approximately 4,000 US theatres and the gross collection for the opening weekend of the sequel is predicted at near about $60 million. According to reports from Deadline, the earlier estimates for Joker 2 opening were forecasted over $70 million. The sequel of Joker, «Joker: Folie a Deux» or Joker 2 has already earned around $140 million worldwide even before its release in US. Deadline noted that as Joker 2 or Joker: Folie a Deux is going to be a unique R-rated musical format, thus it might not have the same success which Joker garnered during its opening with an earning of $96.2 million. Also Read: Real Madrid vs LOSC Lille live streaming free: Prediction, date, kick off time, how to watch UEFA Champions League game

economic policy framework for the next generation of reforms. That is a sensible move. India has compelling reasons to move away from a textbook framework of open economy macroeconomics. It strives for strategic autonomy in a geopolitically riven world, in which one superpower sits astride the northern border, has built supercharged industrial muscle that can smother Indian industry, and casts a covetous eye on Indian territory. India can find ready support, vis-a-vis China, in the US. However, if the US finds that India is reliant solely on American support, it would have it where China has Pakistan — by the scruff of the neck. India would have to give up all dreams of strategic autonomy.

Narendra Modi and Benjamin Netanyahu on Monday. Peace isn't just the right choice but the smart one for Israel — and Netanyahu. Hamas will have to release all remaining hostages and bodies of those who died in captivity.

e-commerce companies Flipkart and Amazon as they are engaging in predatory pricing and are burning cash to offer heavy discounts on products, traders' body CAIT and mainline mobile retailers' association AIMRA said on Tuesday. These practices, in turn, are creating a grey market of mobile phones, causing losses to the exchequer «as players in the grey market evade taxes», they said. Confederation of All India Traders (CAIT), in collaboration with the All India Mobile Retailers' Association (AIMRA), placed the demands in a white paper on the impact of e-commerce giants Amazon and Flipkart on India's retail ecosystem. AIMRA demanded suspension of operations of Chinese mobile phone companies OnePlus, iQOO, and Poco for allegedly colluding with e-commerce players.

He made these remarks at an event hosted by Carnegie Endowment in the US. India and China have been engaged in a territorial face-off since 2020 after the Chinese Army transgressed into multiple areas from the Galwan valley to the Finger area along the Pangong lake. Speaking about ties between India and China, he said, «In terms of our own relationship with China, I think it's a long story, but the short version is that we have agreements on how to keep the border peaceful and tranquil, and those agreements were violated by China in 2020. And some of the...because we have forward deployments of our militaries, there are resultant tensions. And until those forward deployments are addressed the tensions would continue. If the tensions continue, it casts a natural shadow over the rest of the relationship. So our relationship hasn't been built for the last four years.»