China Financial News

13.09 / 11:56
markets ByteDance TikTok President Department Courts TikTok faces crucial court hearing that could decide fate in US
TikTok and parent company ByteDance face a key court hearing on Monday in a legal battle seeking to block a law that could ban the app used by 170 million Americans as soon as Jan. 19. The US Court of Appeals for the District of Columbia will hold oral arguments on the legal challenge, putting the fate of Chinese-owned TikTok in the middle of the final weeks of the 2024 presidential election. Both Republican presidential candidate Donald Trump and Vice President Kamala Harris are active on TikTok seeking to court younger voters.
13.09 / 11:27
markets UPS Fighting Strategy War Trump is right about World War III, wrong about the analysis
Trump says is unhinged and histrionic, it’s tempting to dismiss all of it as bunk. And yet the former and perhaps future president has a populist knack for sounding alarums that resonate with the zeitgeist — for example, with growing anxiety about World War III and nuclear Armageddon. “We're a failing nation,” Trump ranted during his debate against Vice President Kamala Harris in one particularly meandering answer (the one that also recycled urban myths about immigrants eating cats). “And what, what’s going on here, you're going to end up in World War III, just to go into another subject.” He brought it up twice more. “We’re going to end up in a Third World War,” he closed. “And it will be a war like no other because of nuclear weapons.” Oh dear. Could we please stick to speculating about feasting on felines as we contemplate the United States and the world for the next four years? We can’t, unfortunately, because even experts increasingly worry about a new specter of major and global war.
13.09 / 10:04
Waters Apple Qualcomm country reports Features International OnePlus 13 with Snapdragon 8 Gen 4 SoC appears on Geekbench, scores better than iPhone 16 Pro Max: Report
OnePlus 13 could be an attempt to coincide with the launch of the Qualcomm Snapdragon 8 Gen 4 chipset in the same month. While there isn't much clarity on the matter, some reports suggest that the OnePlus 13 could be among the first phones to be powered by Qualcomm's latest processor.Now, a recent post by tipster Fonearena has revealed that OnePlus 13 with the model number PJZ110 was recently spotted on the Geekbench listing with the yet-to-be-released Snapdragon 8 Gen 4 chipset and had even better scores compared to the A18 Pro chipset on the recently launched Apple iPhone 16 Pro series.According to reports, the OnePlus 13 received a single-core score of 3216 and a multi-core score of 10051 on Geekbench.
13.09 / 10:01
markets Remark Universities reports shock Won't be surprised if Rahul Gandhi holds meetings with terrorists someday, says BJP MP Tejasvi Surya
Tejasvi Surya slammed Congress leader Rahul Gandhi over his remarks and meetings during his visit to the United States and said that he would not be surprised if he held meetings with terrorists someday. Addressing a press conference on Friday, the BJP MP from South Bengaluru said that the comments made by the Lok Sabha LoP over the removal of reservations were quite damaging. He further criticised Gandhi for meetings with "anti-India" elements like Ilhar Omar and alleged that the Leader of the Opposition in the Lok Sabha was holding meetings with Khalistan, Pakistan, China, and Bangladesh agents.
13.09 / 08:44
markets COST PwC Exodus Deloitte reports China imposes six month suspension and fine on PwC following Evergrande controversy
China over the auditing of Evergrande, state media reported. Additionally, a fine of 116 million yuan has also been imposed on the audit firm by Chinese government. PwC has been in focus over its role in auditing China Evergrande Group which was accused of a $78 billion fraud, triggering a client exodus, cost cuts and layoffs. In the most recent case of a Big Four auditor being hit with hefty penalties, Deloitte's Beijing branch in March last year was fined 211.9 million yuan and the branch's operations were suspended for three months after serious deficiencies were found in its audit of China Huarong Asset Management.
13.09 / 07:00
markets Extreme Manufacturing economy show reports travelers China’s recovery likely dealt another blow from extreme weather
extreme weather this summer. As pressure builds on policymakers to roll out more stimulus, data due Saturday will show growth in industrial production slipped in August for a fourth straight month, in what would be its longest deceleration in almost three years. A slower expansion in activity also extended to retail sales and investment, according to analysts surveyed by Bloomberg. The widespread weakness would be a signal of how little traction the $17 trillion economy has generated in recovering from its worst stretch in five quarters. Heat waves — coupled with torrential rains that snarled travel and flooded farmland and mines — have added to setbacks for Beijing and its pursuit of growth around 5%, a goal most global banks now believe might be out of reach.
13.09 / 06:47
markets COST UPS Manufacturing CEO Trade Experts How tariffs on Chinese semiconductors, batteries could hit Canadian wallets
Ottawa may not be done firing trade salvos at China as Finance Minister Chrystia Freeland said the federal government was considering further tariffs.
13.09 / 05:59
COST security Pool Election Highways country politician An American sovereign-wealth fund is a risky idea
Subscribe to enjoy similar stories. Not long ago America’s main concern with sovereign-wealth funds was how to regulate these large pools of money controlled by foreign governments. Now, seemingly overnight, the hot new idea in Washington, DC, is that America should join the club.
13.09 / 05:12
UPS MET security country International Pakistan says it has met all of the IMF's conditions to secure a new $7 billion loan
Pakistan’s leader says the country has met all the conditions set by the International Monetary Fund to qualify for a new $7 billion loan to help prop up its economy
13.09 / 03:12
markets Target FIVE Action Universities Department US imposes sanctions on suppliers to Pakistan's Ballistic missile program; also includes China based-firms
US State Department imposed sanctions on China-based firms, for their supply to Pakistan's ballistic missile program under the missile sanctions laws on Thursday. «The Department of State is taking action against five entities and one individual that have been involved in the proliferation of ballistic missiles and controlled missile equipment and technology. Specifically, the Department of State is designating the Beijing Research Institute of Automation for Machine Building Industry (RIAMB) pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction and their means of delivery,» State Department spokesperson Matthew Miller said in a press statement. Notably, RIAMB has worked with Pakistan's National Development Complex (NDC), -which the United States assesses is involved in the development and production of Pakistan's long-range ballistic missiles.
13.09 / 02:10
markets Digital country 2020 Relationships peace Jaishankar says 75 per cent of disengagement problems 'sorted out' with China
border talks with China, External Affairs Minister S Jaishankar said that 75 per cent of disengagement problems with Beijing are sorted out; however, the two nations «still have some things to do.» Jaishankar also underlined how India and China never had an easy relationship in the past. «We did not have an easy relationship in the past. What happened in 2020 was in violation of multiple agreements, the Chinese moved a large number of troops to the Line of Actual Control. We, in response, moved our troops up… Some progress on border talks with China. 75 per cent of disengagement problems are sorted out. We still have some things to do,» Jaishankar said during his conversation with Ambassador Jean-David Levitte at the Geneva Centre for Security Policy on Thursday.
13.09 / 01:04
UPS Target Trade President show reports China's plan to boost consumption by encouraging trade-ins has yet to show results
BEIJING — China's plan to boost consumption by encouraging trade-ins has yet to show significant results, several businesses told CNBC.
12.09 / 21:26
markets security SPY Bill Universities US House clears a largely bipartisan package of bills to counter China
The U.S. House this week approved a sweeping package of bills to counter China’s influence
12.09 / 19:16
markets Sustainability performer Headlines Destinations New day, new high: Will stocks sustain Thursday's momentum?
Subscribe to enjoy similar stories. Stock benchmarks touched new records and mid-cap stocks joined the Street party on Thursday, signalling rising risk appetite among investors betting on interest rate cuts in the US and earnings momentum in India.
12.09 / 19:14
markets Coronavirus Nano pandemic Virus Vaccines University in China, which allegedly triggered Covid-19 outbreak, comes up with nasal vaccine to stop future pandemics
South China Morning Post report, a group of scientists from the Wuhan Institute of Virology in China have created a nano vaccine candidate that may provide broad protection against all significant Covid-19 variants, as well as future coronavirus strains. The institute, known for its long-standing research on bat coronaviruses, has faced intense scrutiny, particularly from countries like the United States, due to allegations that the Covid-19 pandemic may have resulted from a lab leak at its facilities. Despite the ongoing controversy, researchers at the institute, with steadfast backing from the Chinese government, have pressed on with their studies into Sars-CoV-2, the virus responsible for Covid-19. While current vaccines have been effective in slowing the spread of the virus and lowering death rates, the team behind the new nano vaccine notes that none of the existing options provide comprehensive or universal protection against all variants of the virus.
12.09 / 18:03
markets Citi MET President peace NSA Ajit Doval briefs Russian President Putin on PM Modi's Kyiv visit
Ajit Doval on Thursday briefed Russian President Vladmir Putin on Prime Minister Narendra Modi's talks with Ukrainian President Volodymyr Zelenskyy in Kyiv amid renewed efforts to find a peaceful solution to the Ukraine conflict. Doval met Putin at the Konstantinovsky Palace in St Petersburg on the margins of a conclave of the (Brazil-Russia-India-China-South Africa) grouping. «As the prime minister told you during a telephone talk that he was keen to brief you about his visit to Ukraine and his meeting with President Zelenskyy. He (PM Modi) wanted me to come and personally brief you about the talks,» Doval told the Russian President. The NSA said the Modi-Zelenskyy talks were in a very «close format».
12.09 / 17:49
markets FIVE security country audience Why G7? Jaishankar asks when questioned about the need for BRICS
External Affairs Minister S Jaishankar on Thursday dismissed the argument that there was no need for «another club» called the BRICS, and said he was struck by the «insecurity» in the developed world over the grouping. During a conversation with Ambassador Jean-David Levitte at Global Centre for Security Policy, a think tank, here, Jaishankar said if the G7 can exist when there is the G20, there is no reason why BRICS cannot. Accounting for 27 per cent of global GDP, BRICS was founded by Brazil, Russia, India and China; later South Africa joined it, and in January 2024, five new countries — Iran, Saudi Arabia, Egypt, UAE and Ethiopia --joined the bloc. «Why the club? Because there was another club! It was called the G7 and you will not let anybody else into that club. So, we go and form our own club,» Jaishankar told to a loud cheer from the audience.
12.09 / 17:36
markets Citi security RAI peace rowing Eastern Ladakh row: India, China agree to work with 'urgency' to realise complete disengagement
India and China on Thursday agreed to work with «urgency» and «redouble» their efforts to realise complete disengagement in remaining friction points in eastern Ladakh as NSA Ajit Doval held talks with Chinese Foreign Minister Wang Yi in St Petersburg with a focus on an early resolution of the lingering border standoff. Doval conveyed to Wang that peace and tranquillity in border areas and respect for the Line of Actual Control (LAC) are essential for normalcy in bilateral ties, according to the Ministry of External Affairs (MEA). The Doval-Wang meeting took place in the Russian city on the sidelines of a conclave of national security advisors of the BRICS (Brazil-Russia-India-China-South Africa) nations. «The meeting gave the two sides an opportunity to review the recent efforts towards finding an early resolution of the remaining issues along the Line of Actual Control, which will create conditions to stabilise and rebuild bilateral relations,» the MEA said.
12.09 / 16:11
markets Citi security President travelers peace Russian President Putin proposes bilateral meeting with PM Modi during BRICS summit
Narendra Modi on the sidelines of the BRICS summit in Kazan next month when NSA Ajit Doval called on him in St Petersburg. The Putin-Doval meeting came nearly three weeks after Modi travelled to Ukranian capital Kyiv and held talks with President Volodymyr Zelenskyy. Doval is in St Petersburg to attend a conclave of national security advisors of the BRICS (Brazil-Russia-India-China-South Africa) nations. The summit of the grouping will be held in the Russian city of Kazan from October 22-24. Modi is set to attend the summit.
12.09 / 16:08
markets UPS pandemic show rights International Posthaste: Biggest risk to oil prices might not be what everybody thinks
Oil prices took a frightening turn this month, in what one commodities analyst described as “a complete bloodbath.”

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