China Financial News

U.S. health inspectors are still struggling to address a massive backlog of pharmaceutical plants that went uninspected during disruptions caused by COVID-19

'Barron's Roundtable' panelists discuss why some automakers are scaling back plans for electric vehicle rollouts.

Hilltower Resource Advisors CEO and chief market strategist Tracy Shuchart discusses whether gold or crypto could replace the U.S. dollar as the global reserve currency on Making Money.

Treasury Secretary Janet Yellen is warning voters in the battleground state of North Carolina that they could lose jobs if Republicans weaken a signature Biden administration law that encourages investments in manufacturing and clean energy

PwC) has resigned as its auditor following the property developer's recommendation, making it the latest Chinese company to sever ties with the troubled auditing firm. PwC has been in trouble over its role in auditing China Evergrande Group since the developer was accused in March of a $78-billion fraud, resulting in an exodus of clientele, cost cuts and layoffs. Country Garden has appointed Hong Kong-based Zhonghui Anda CPA as its new auditor, at least until the conclusion of its next annual general meeting, it said. «PwC is unable to fulfill the timetable requirements of the company for the publication of the audited consolidated financial statements for the year ended 31 December 2023 considering recent relevant matters,» Country Garden said in an exchange filing.

A top Kremlin official says Turkey has formally applied for a membership in the BRICS bloc of developing economies as Russia and China seek to counter the West's global influence

coronaviruses and influenza, are harbored in raccoon dogs, mink and other animals farmed for fur in China, scientists found in the first in-depth investigation of the seldom-studied critters. Researchers scoured for viruses in the lungs, intestines and other tissues of 461 individual fur animals that were found dead due to disease across China. They identified 125 virus species, including 36 that were novel and 39 at potentially-high risk of crossing the species barrier, including spilling over to infect humans. Raccoon dogs and mink, valued for their soft pelts, carried the highest number of potentially dangerous viruses, according to the research, published Wednesday in the journal Nature.

MSCI EM Investable Market Index (IMI) and is on track to beat the dragon in the more popular EM (emerging markets) index as well. Morgan Stanley announced that India has become the largest weighting in the MSCI EM IMI, overtaking China yesterday and its weight in the EM index is knocking on the threshold to be the largest.

Dozens of African leaders have descended on Beijing for a summit that signals China’s influence in a continent that it hopes will be a key ally in pushing back against a U.S.-led global order

Well-heeled Chinese are moving to Japan in droves, buying up homes and harboring hopes for opportunities

«But structurally, some of these downstream and upstream companies are shifting their business model towards the renewable energy side and which is what makes them attractive. So, any kind of a weakness there should be used as an opportunity to look at some of these names,» says Pankaj Pandey, Head Research, ICICIdirect.com. Let us first talk about the oil sensitives because they are the one which sort of really held the market in place yesterday. I mean be it paint companies, OMCs, all of them a bunch. But do you think that this was just a knee-jerk reaction because crude has been seeing a steady decline for past three months now? Pankaj Pandey: On the crude oil front, volatility is going to be there because ahead of US elections, largely if you look at, both the candidates are at extreme positions in terms of the views. But Trump is pitching for nearly three million barrel kind of increase in the oil production. And coupled with the fact that the Chinese economy is not doing so well, which is the largest incremental buyer, I think crude is expected to remain soft. Now, while the marketing margins are expected to prop up given the softness what we have seen in crude, but the refining margins is something which needs to be watched for. But structurally, some of these downstream and upstream companies are shifting their business model towards the renewable energy side and which is what makes them attractive. So, any kind of a weakness there should be used as an opportunity to look at some of these names.

Chinese families are increasingly flocking to Thailand for the country's quality international schools and relaxed lifestyle

On its official Google Doodles page, Google wrote, “The wait is over, the weights are on. Get ready for today’s Para Powerlifting event at Aréna Porte de La Chapelle!” The Powerlifting event, which began on September 4, will continue until September 8, with athletes competing across various categories. Para Powerlifting, adapted for athletes with disabilities, allows participants with one or more of eight eligible physical impairments to take part, according to the official Paralympic website. All athletes in the event must have an impairment in their lower limbs or hips that meets the minimum impairment criteria.

China's emergence as the manufacturing centre of the world is largely a consequence of American policy, because if you look at the top 30 companies in the United States of America, 95% to 98% of the manufacturing is outsourced to China, India's G20 Sherpa Amitabh Kant said here on Wednesday. Both the Chips Act and the Inflation Reduction Act of USA are protectionist in character. «It's important because if you want to shift towards net zero, it will be almost impossible to do it without India. And the reason for that is that green hydrogen manufacturing firm from India today is costing $4.5 per kilogram, whereas in the US, it will cost about $7-7.5 per kilogram. The extent of subsidisation will be enormous,» Kant said at an interaction with US G20 & G7 Sherpa and Deputy NSA Daleep Singh on India-USA Economic Partnership organised by the Observer Research Foundation. «If you want the world to move towards clean energy, reach the target of net zero, you want production of the lowest cost possible. And therefore, the size and scale of manufacturing from India, which India has demonstrated through procurement of LED bulbs, the prices for procurement of large scale buses, electric buses, prices for you, it needs the size and scale of a country like India to radically bring down the price to $1 per kilogram by 2030 and that capacity to do it only India has. And that's why, if you want the world to achieve success in net zero, you need to work with partners like India.»

Kansas City Chiefs will be hosting Baltimore Ravens at the Arrowhead Stadium in Kansas City in the NFL season 2024 opener on Thursday, September 5. Chiefs versus Ravens NFL game is scheduled to kick off at 8.20 pm (ET) on Thursday, September 5, 2024. Kansas City Chiefs' NFL opening game against Baltimore Ravens will be live streamed on Fubo TV which offers seven-day free. The Kansas City Chiefs begin their quest to become the first NFL team to win three consecutive Super Bowls.

A dismissed town mayor who fled the Philippines after being accused of helping establish an illegal online gaming and scam center catering to clients in China has been arrested near Indonesia’s capital

6G rollout which will spur the growth that is required to achieve the developed nation status, Telecom Secretary Neeraj Mittal said on Wednesday. Mittal said that the government has replaced 150 years old Telegraph Act with a new Telecommunications Act which is expected to stand the test of time for the next 20-30 years. "5G technology has been already rolled out. We are now planning for 6G. All of them will spur the growth in achieving the developed nation status that we are yearning for," he said while speaking at a public relations industry event Prana. Mittal said that the race of technology is not going to stop. He said policymakers need to visit global manufacturing hubs in countries like Vietnam and China and get their acts together to replicate the success stories in India.

Global stocks are tumbling after Wall Street had its worst day since early August, as a week full of economic updates got off to a weak start

Carmaker Volvo has backed away from its pledge to stop selling cars with internal combustion motors by 2030, saying slow rollout of places to charge up and withdrawal of purchase incentives will leave room for a few cars that still need fossil fuels

Here’s the Bank of Canada’s official statement for its rate decision:

New York secretly assisted the Chinese government in gaining access to an official call regarding COVID-19 while living a lavish lifestyle as an undercover agent for Beijing. Linda Sun worked her way up to become the governor's deputy chief of staff over a roughly 14-year tenure. Federal prosecutors, however, claim that the 41-year-old secretly shared internal documents with Beijing and prevented Taiwanese diplomats from contacting the state government to help Chinese officials. China is said to have lavished Ms. Sun and her husband, Christopher Hu, with millions of dollars in kickbacks in exchange, enabling them to purchase a $4.1 million (£3.1 million) New York home and other benefits like personalized home delivery of salted duck. Also Read: Nightbitch: Check out new trailer, release date, plot and production team