China Financial News

Michael Kovrig and his girlfriend were walking home from dinner on Dec. 10, 2018.They lived in Beijing, where Kovrig, a former diplomat, worked at an independent global think tank.

laptops and other IT hardware products for some more time as the September 30 deadline for the system approaches. While the ministry of electronics and IT has suggested an extension, officials said a final call is yet to be taken as talks are still on with the commerce and industry ministry. The regime came into effect October 2023 to monitor imports, post which import of the seven IT hardware items, including personal computers, laptops and tablets has declined to $8.4 billion in 2023-24 from $8.7 billion in the previous fiscal with share of China around 58-60%.

pilot plant to test its technology to convert potato waste and peels into ethanol, people in the know said. The Shimla-based institute recently completed lab studies on how potato waste can be repurposed for producing the bio fuel. India is the world's second-largest producer of potatoes after China. Since the quantity of discarded potatoes in the country is high -10-15% of the total production — it is being seen as potential feedstock for ethanol after sugarcane and maize. The National Policy on Biofuels mentions rotten potatoes in the list of feedstocks for ethanol. «Potatoes are also considered a viable alternative due to the significant amount of waste that can be repurposed. Additionally, India has the largest cold storage facilities for potatoes, and the significant amount of potato waste available further supports their use in ethanol production,» said Dharmedra Kumar, scientist, CPRI.

Subscribe to enjoy similar stories. There’s a myth that making money in biotechnology stocks requires an advanced degree. But Robert Duggan, an avid surfer who never graduated college, has proven that notion wrong.

Israel expects more than 12,000 Indian visitors, mainly in the pilgrim and MICE (meetings, incentives, conferences, and exhibitions) segments, in 2024, according to a senior executive at the Israel Ministry of Tourism. The war-torn West Asian country has recorded 6,800 travellers from India till August this year. «Irrespective of the current scenario we are very positive. We're just waiting for the situation to calm down even more than what it used to be for us to see growth. We have welcomed 6,800 travellers, mostly pilgrims and business, from India and 6,72,400 globally in the January-August 2024 period, which was very organic,» Israel Ministry of Tourism (IMOT) India Director of Marketing Amruta Bangera told PTI. Israel's Tourism Ministry expects to double the 6,800 tourist footfalls to over 12,000 in 2024, from India that it received in the first eight months of this year, she said.

US Indo-Pacific strategy, is a tool used by Washington to contain China to perpetuate its hegemony, Chinese Foreign Ministry spokesman Lin Jian told a media briefing, fielding a spate of questions on the Quad summit. Hosted by President Joe Biden, the Quad Summit took place on Saturday in his hometown Wilmington, Delaware. The summit was attended by Prime Minister Narendra Modi, Prime Minister Anthony Albanese of Australia, and Prime Minister Fumio Kishida of Japan. Lin accused the US of pooling together countries to muster military and security cooperation under the pretext of maritime issues to contain China by peddling the China threat narrative.

TD Bank’s internal controls was focusing on how Chinese crime groups and drug traffickers used TD to launder money from its U.S. fentanyl sales.

connected vehicles on American roads due to national security concerns — a move that would effectively bar nearly all Chinese cars from entering the U.S. market. The planned regulation, first reported by Reuters, would also force American and other major automakers in the coming years to remove key Chinese software and hardware from vehicles in the United States. The Biden administration has raised serious concerns about the collection of data by Chinese companies on U.S. drivers and infrastructure through connected vehicles as well as about potential foreign manipulation of vehicles connected to the internet and navigation systems. The White House ordered an investigation into the potential dangers in February.

Subscribe to enjoy similar stories. Is TikTok toast? Fearing Chinese spying, the U.S. decided to ban TikTok last April if it wasn’t sold by January 2025.

Subscribe to enjoy similar stories. Earlier this month, OpenAI released its most-advanced models yet, saying they had the ability to “reason" and solve complex math and coding problems. The leading AI startup, valued at some $150 billion, also acknowledged that they raised the risk artificial intelligence (AI) could be misused to create biological weapons.

Subscribe to enjoy similar stories. India’s frugal moon mission, Chandrayaan 3, achieved the pioneering feat of landing near the south pole of the Moon. In STEM fields—of science, technology, engineering and mathematics—India and the Indian diaspora have nearly as many Nobel laureates (two in Physics, one in Chemistry and one in Medicine) as the People’s Republic of China and the Chinese diaspora (three in Physics, one in Chemistry and one in Medicine).

Subscribe to enjoy similar stories. ULSAN, South Korea—Just a few months ago, U.S. Navy Secretary Carlos Del Toro admired a new South Korean warship built in this port city at the world’s largest shipyard.

Subscribe to enjoy similar stories. Let’s call it Operation Chutzpah. If, as is widely believed, the Mossad detonated pagers and walkie-talkies used by Lebanese Hezbollah terrorists, killing dozens and wounding thousands, it will go down as an intelligence operation for the history books.

Subscribe to enjoy similar stories. Eternal life has fascinated humans since time immemorial. Ancient Egyptians mummified their pharaohs, Chinese emperors sought the elixir of life, Greek myths spoke of ambrosia granting eternal youth, and India has had its legendary ‘Chiranjeevi’ immortals.

BEIJING — More economists are calling for China to stimulate growth, including those based inside the country.

Subscribe to enjoy similar stories. The recent death of a 26-year-old Ernst & Young (EY) employee has raised concerns about the toxic work culture in the corporate world. In an emotional note to the EY chairperson, the deceased’s mother highlighted how “the workload, new environment and long hours" took a toll on her daughter’s physical, emotional and mental health.

«So, in nickel itself, of course, we still see continued tightness in terms of the Indonesian ore in particular which is a main supplier or main producer on a global scale for the nickel market,» says Jenson Ong, S&P Global Commodity Insights. Now, that the big Fed event is behind us, what is the outlook that you have on the non-ferrous metals because after seeing a significant fall from the May 2024 highs, the non-ferrous metal space has rebounded of late, at least from the September 9 lows that we have seen. Do you think the uptrend is sustainable and from here on, we will see a bigger recovery? Jenson Ong: The non-ferrous metals, of course, looking at the main couple of metals, like let us say nickel, aluminium, copper, for example, in terms of the rebound in prices, of course in the recent months or so, the trend is a lot of supply tightness stemming from the upstream markets of these metals for nickel for example, aluminium, upstream alumina and copper concentrates as well.

Subscribe to enjoy similar stories. At one time, it seemed as if the Quad grouping of India, Japan, Australia and the US, while focused on the cause of a free and open Indo-Pacific, was chiefly about containing China militarily, given Beijing’s thinly veiled ambition of establishing its influence over the region and possibly unsettling the US-led world order.

Subscribe to enjoy similar stories. Last week, the Union cabinet approved $251 million ( ₹2,104 crore) for Chandrayaan-4, India’s next lunar mission. Its key aim is to collect lunar rock and soil samples—achieved so far by the US, the erstwhile USSR, and China.

Quad unveiled major steps to expand maritime security cooperation in the Indo-Pacific and called for lasting peace in Ukraine with Prime Minister Narendra Modi asserting that the grouping is for a rules-based global order that respects the sovereignty and territorial integrity of nations. In the annual Quad summit hosted by outgoing US President Joe Biden at his home state of Delaware, the leaders, without directly naming China, expressed serious concern over the situation in the South China Sea and nearby waters and condemned the «dangerous» use of coast guard and maritime militia vessels in that region. Besides Modi and Biden, the fourth in-person summit on Saturday was attended by Japanese Prime Minister Fumio Kishida and his Australian counterpart Anthony Albanese.

Subscribe to enjoy similar stories. SHANGHAI : The chairman of drugmaker Roche denounced the recent boom in industrial subsidies by the U.S. and European governments and called them a “waste of money." Roche’s Severin Schwan used a visit to Shanghai for a business forum to criticize support that Western nations have increasingly offered to give their manufacturing industries a boost against competition from China and other nations.