China Financial News

BEIJING — Chinese President Xi Jinping said Monday that no challenges can stop the country from moving forward and reiterated Beijing's reunification aims with Taiwan.

Subscribe to enjoy similar stories. “Fortnite" maker Epic Games says it is suing Google and Samsung, alleging that the tech giants secretly colluded and imposed “onerous" restrictions on new third-party app stores. Epic alleges that Google and Samsung made it too difficult for consumers to download app stores made by outside software developers, a new possibility after Google lost a previous antitrust lawsuit brought by the videogame company.

Subscribe to enjoy similar stories. A major injection of economic stimulus in China drove gains in stocks from Beijing to New York at the end of the quarter. Some investors say what happens there could be key to markets’ direction in the months ahead.

Tata Electronics plant in southern India that makes Apple iPhone components after a fire at the weekend, officials said on Monday as they acted to prevent further damage from the blaze. «We have stationed fire engines at the plant as there are chances of a follow-up fire incident or smoke coming off when the sheds that had fallen during the accident are removed,» M. Velu, a district fire officer, told Reuters by telephone. «We have not yet ascertained the cause of the fire.»

Vinay Paharia, CIO, PGIM India MF, says some of the sectors with many of these high growth companies include the healthcare sector, consumer discretionary sector, some companies within the financial services, particularly the private sector banks, and high growth NBFCs. Wherever we are seeing companies with the ability to grow on a sustainable basis at a higher rates of growth, those companies would materially outperform.

Narendra Modi has appealed to the people to use ‘Made in India’ products during the ongoing festive season. Starting with Ganesh Chaturthi, the festive season will last nearly two months and include Navratri, Dussehra, Diwali and Chhath. This is the time when cheap Made-in-China goods flood Indian market. PM Modi has asked people to buy not just earthen lamps. «Merely buying earthen lamps is not ‘Vocal for Local'. You should promote local products made in your area more and more. Any such product, that has been made with the sweat of an Indian artisan, that is made on Indian soil, is our pride –– we always have to lend glory to this pride,” he said.

The CSI 300 Index jumped 8.5% Monday, marking the most since 2008 as traders rushed to buy shares in the last session before a week-long holiday. The index, which lost more than 45% of its value from a 2021 high through mid-September, has since soared more than 20% to enter a technical bull market. Its rally last week was the biggest in 16 years.

diabetes patient using cell transplants, reports said on September 30. The landmark surgery, which marks a world's first, lasted just half an hour, news agency PTI reported citing The Paper, a Shanghai-based news outlet. The patient, a 25-year-old woman, began naturally regulating her blood sugar levels approximately two and a half months after the procedure, the reports said. Researchers from Tianjin First Central Hospital and Peking University were part of the team that published their findings in the peer-reviewed journal Cell last week.

Subscribe to enjoy similar stories. The India-Middle East-Europe Economic Corridor (IMEC), announced at the G20 Summit last September, is rarely mentioned in the context of war.

Subscribe to enjoy similar stories. In a renewal, a company tries to find new growth opportunities with its existing products and business model, using rebranding and redesign to expand its market. In a revamp, a company reaches further, with new products and services, new markets, and new business models driving growth.

The sole candidate in the election for Macao’s next leader has pledged to diversify the economy of the Chinese casino city, a goal previously laid out by Beijing

Policy push by various countries and stricter emission norms are fuelling electric vehicle sales every year across key global markets, shows data from the International Energy Agency. However, penetration of hybrids (including strong hybrids and plug-in hybrids), driven purely by consumer choice, are climbing up at a faster pace. Since 2021, hybrid vehicle sales have been rising steadily in China, Japan, Korea, UK, France, and US, underscoring growing consumer preference for this technology, shows data collated by Nomura Research Institute. China leads the trend with a nearly fourfold surge in hybrid penetration levels to 19.9% in the first half of 2024 from 5.3% in 2021. Korea too has seen a big jump — to 25.2% from 11.8% in the same period. Other markets have shown a similar growth trajectory.

Made in India' products during the forthcoming festive season that will last nearly two months and includes Navratra, Dussehra, Diwali, Chhat and other occasions where cheap articles made in China have been flooding the market in the last few years. In his monthly 'Mann ki Baat' address, the PM said, «Friends, in this festive season you can once again reiterate your old resolves. Anything you buy, should necessarily be 'Made in India'… Anything you gift, that too should be 'Made In India'. Merely buying earthen lamps is not 'Vocal for Local'. You should promote local products made in your area more and more. Any such product, that has been made with the sweat of an Indian artisan, that is made on Indian soil, is our pride — we always have to lend glory to this pride.» His remarks come against the backdrop of China-made idols of gods, decorative lights and other products which come at a low cost but eat into the market of indigenous products. Modi also referred to the completion of a decade of the 'Make in India' initiative where all segments, from big industries to small shopkeepers have made a contribution to its success.

Subscribe to enjoy similar stories. It is a bruising ownership fight in South Korea over the world’s largest zinc smelter. Fueling the dispute: fears the company could one day fall into China’s hands.

Subscribe to enjoy similar stories. Coimbatore/Tiruppur/Erode: It was a call that made perfect sense. In November 2010, Narendra Modi, then the chief minister of Gujarat, visited Chennai and called on Tamil Nadu’s textile entrepreneurs to set up spinning units in his state.

Subscribe to enjoy similar stories. The best week in 16 years for China’s stock market was built on hope. Worse, it was built on hope for more state intervention, one of the reasons its economy is in such trouble to start with.

Subscribe to enjoy similar stories. Every month, Mint’s Plain Facts section brings out an update on key global data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts explain how each development is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India.

Already the longest-lived of the 45 men to serve as U.S. president, Jimmy Carter is about to reach the century mark

Jannik Sinner was appealed by the World Anti-Doping Agency, the Montreal-based body announced Saturday. WADA said it is seeking a ban of one to two years for the U.S. Open champion but indicated that it does not plan to back date an eventual ban — which would mean that Sinner could keep his second Grand Slam title if he is found guilty. The announcement was made while Sinner was on court against Roman Safiullin at the China Open in Beijing.

US recession, feel economists like Mark Spitznagel, chief investment officer and founder of Universa. The burden of these rate cuts may soon begin to trouble the US economy, and even though this aggressive approach was taken to thwart an impending recession, things could end up being more vicious later on.

Wuhan shipyard, one of China's most recent nuclear-powered assault submarines sank, a US official confirmed, as per reports by Business Insider. The Chinese submarine, which was recorded in the Wuchang shipyard in Wuhan in late May, is believed to be the newest Zhou-class ship. However, it sank at some point after that. The Wall Street Journal was the first to report on the occurrence. Big, floating cranes were close to the pier in June, according to satellite photos taken by Planet Labs after it sank. It's thought that China has been trying to recover the ship. It was the first submarine of its type to sink. Thomas Shugart, a retired US submarine officer and adjunct senior scholar at the Center for American Security think tank, initially shared pictures of cranes gathered around an object in the water on X in July, near the location where the new submarine had previously been. He also mentioned the oil containment boom and conjectured that odd things were going on. Shugart posted online satellite photos from July 5 that revealed the cranes had moved, presumably completing the presumed salvage operation.