China Financial News

low-carbon transition can create potential distortions and trade tensions, the World Trade Organization (WTO) has said.

Khoon Goh, Head of Asia Research, ANZ, says every time the Fed embarks on a fresh easing cycle, the dollar tends to depreciate heading into not only the first rate cut but the second rate cut as well. So, I think there is a further downside in the dollar to come in the coming months. The dollar index continues to be fairly volatile. In fact, from those 106 levels, it is down to 101. Even the Indian rupee for that matter had weakened quite a bit and is almost at the lowest point. What is your sense as to where the dollar is headed next? Khoon Goh: Overall, I am still bearish on the US dollar. I believe the dollar is clearly on a downtrend on the back of expectations that the Fed will start its easing cycle next week. And when we look at history, every time the Fed embarks on a fresh easing cycle, the dollar does tend to depreciate heading into not only the first rate cut but the second rate cut as well. So, I think there is a further downside in the dollar to come in the coming months.

plasma bubbles ever recorded, covering regions as far apart as the Egyptian pyramids and the Midway Islands. These bubbles, which interfere with satellite communications and GPS, were detected using the Low Latitude Long Range Ionospheric Radar (LARID), a new radar system developed by the Institute of Geology and Geophysics under the Chinese Academy of Sciences. The detection, caused by a solar storm in November, spans from North Africa to the central Pacific Ocean.

PricewaterhouseCoopers' China unit, the audit major is likely to tap senior partner from the United Kingdom to run its business in the East Asian country as fallout from collapsed property developer Evergrande continues to mount, reported The Financial Times quoting its souces.

Huawei Technologies unveils a three-way foldable phone on Tuesday, as it seeks to widen its lead over Apple in the world's biggest smartphone market with a new form factor that has gained popularity in the China market.

Morgan Stanley said the decline in oil prices would be a cause for concern for Indian equities if the oil market is right about its assessment of a global slowdown. The brokerage said while falling oil may seem good for India's economy, earnings and shares, in practice, the impact depends on the reasons and duration of the fall. «We think it is safe to say that the recent bearishness in the oil markets is being led by growing concerns about slowing demand, and to that extent, its positive impact on India's terms of trade is diluted greatly,» said Morgan Stanley's strategists, including Ridham Desai, in a client note.

Team USA has a history of dominating the Olympic Games, its results at the Paralympics have been less spectacular. Even though American Olympians consistently win the most medals, their Paralympic counterparts have encountered more challenging opposition. With 36 gold medals out of a total of 105, the United States placed third in the 2024 Paralympics, behind Great Britain and China. As per the reports of Yahoo sports, the United States hasn't yet recaptured the dominance it had from 1976 to 1996, when Team USA often dominated the Paralympic medal table, although improving from its sixth-place position in 2012.

₹1.52 trillion ($18.1 billion) under his watch. Going forward, a number of key announcements from the proposals on India’s table are further expected, as a three-day inaugural edition of ‘Semicon India’ gets underway in Uttar Pradesh’s Greater Noida. Ajit Manocha, president and chief executive of US-headquartered global industry body, Semiconductor Equipment and Materials International (Semi), added that the conference is expected to host “over 250 companies from the entire semiconductor ecosystem, from 24 different nations".

China's core inflation cooled to the weakest in over three years, fuelling calls for more efforts to boost household spending as weak demand mounted pressure on the annual growth target. The consumer price index excluding volatile food and energy costs rose just 0.3% in August from a year earlier, the least since March 2021, the National Bureau of Statistics said. The broader CPI rose 0.6%, missing expectations even as it was buoyed by higher food costs due to bad weather last month. Taken together, the figures provide more evidence of weak consumer demand, prompting calls for more measures to stave off a negative cycle of declining corporate revenue, wages and spending.

BJP on Monday strongly reacted to Congress leader Rahul Gandhi's statement regarding the BJP and RSS in the US and said the leader of the Opposition was trying to harm the country's image abroad.

A blockbuster new Chinese video game is smashing records

bank deposits has been a matter of concern, particularly as growth in private credit has outpaced deposits for the last two years. This has largely been attributed to a decline in household savings, a shift to physical savings, or even a shift to alternate financial savings like mutual funds.

Huawei's tri-fold phone, unofficially announced earlier in the day.

A long-awaited report on how to rescue Europe’s economy from weak growth and red tape is in

Chinese appliance maker Midea Group has started taking orders from investors for an initial public offering to raise up to US$3.46 billion, which, if successful, would be the biggest such fundraising deal in Hong Kong this year. Foshan-based Midea is selling a total of 492.14 million shares at a price range of HK$52.00-HK$54.80, equivalent to US$6.67-US$7.03 a share, Midea said in a filing Monday. At the top end of the range, the IPO size would be US$3.46 billion and surpass tea shop giant Sichuan Baicha Baidao Industrial’s around US$315 million listing in April.

The M&G China fund will focus on a universe of around 300 Chinese companies and will hold between 50 to 80 stocks. The launch of this fund is part of the firm's strategy to make its investment capabilities more widely accessible to external investors, with a focus on the UK wealth managers as they seek to increase their allocation globally.  In addition, it will aim to deliver a higher total return net of ongoing charges figure compared to the MSCI China with 100% China A Share index over any five years. The move comes at a time when Chinese equity valuations have reached all-time ...

Northvolt AB will cut a large number of jobs and sell or seek partners for its energy storage and materials businesses as Europe’s leading battery hope aims to survive by refocusing on its struggling first gigafactory in northern Sweden.

Spanish Prime Minister Pedro Sánchez has met with Chinese President Xi Jinping and other top officials during his second trip to China in a year and a half that comes during a spat over electric cars

China deepened its push to further open up the economy, eliminating restrictions on the manufacturing sector and expanding opportunities for foreign investment in the health sector in an effort to revive growth. The Chinese government will reduce its list of industries off-limits to foreign investors to 29 from 31 and fulfill its pledge of zero restrictions on the manufacturing sector, the National Development and Reform Commission and the Commerce Ministry said in a joint statement on Sunday. The new list, set to take effect Nov.

BEIJING — China on Monday reported its consumer price index rose by 0.6% year on year in August, missing expectations as transportation and home goods prices, as well as rents declined.

Japan’s economy grew at an annual rate of 2.9%, slower than the earlier report for 3.1% growth, in the April-June period, boosted by better wages and spending