China Financial News

Subscribe to enjoy similar stories. About six months after China first began restricting the export of specific rare earth magnets, rattling manufacturers around the world, India announced a ₹7,280-crore incentive package on 26 November to set up five plants to produce rare earth magnets in the country.

India’s merchandise exports rose to $38 billion in November, posting year-on-year growth of 19.36%—the strongest since June 2022. Notably, the US shifted from being a drag in recent months to a key contributor, with shipments rebounding after two consecutive months of decline despite higher tariffs remaining in place. Exports to the US grew 22.6% during the month.

In 1980, neither China nor India had much representation in the ‘global middle class’—people who neither belong to the bottom half of the income distribution nor rank among the top 10% worldwide. Almost a half-century later, things have changed—but in very different ways.

Subscribe to enjoy similar stories. WASHINGTON—President Trump signed into law new powers to screen and restrict U.S. investment in Chinese technology firms, marking the most significant effort yet to police how American capital flows into businesses that bolster Beijing’s military and surveillance state.

Subscribe to enjoy similar stories. WHEN THE European Union increased tariffs on Chinese battery electric vehicles (EVs) in 2024, the logic was straightforward: raise prices and imports will fall. A study published by the Kiel Institute, a think-tank, estimated that higher levies would cause Chinese car exports to plunge by 25%.

China’s new economic model is putting the future of Asia’s Gen-Z at risk. The continent is home to some of the world’s most trade-oriented economies that rode globalization to lift the lives and livelihoods of hundreds of millions. But it’s now being hit by a double whammy: an export base that has come under pressure from a flood of cheap goods from China, unquestionably the region’s dominant power, and US President Donald Trump’s trade war.It is frustrating a generation already struggling with stagnant wages and soaring living costs.

Subscribe to enjoy similar stories. LONDON—President Trump’s crackdown on Chinese imports in the U.S. has redirected a tsunami of cheap stuff into Europe.

Subscribe to enjoy similar stories. NEW DELHI : India’s leading auto component manufacturers will look to hitch a ride with Chinese carmakers amid Western auto giants’ faltering electric-vehicle (EV) bets. The Ford Motor Co.

The new National Security Strategy of the US seeks “strategic stability” with Russia. It declares that China is merely a competitor, that the Middle East is not central to American security, that Latin America is “our hemisphere” and that Europe faces “civilizational erasure.” India barely rates a mention; one might say, as Neville Chamberlain did of Czechoslovakia in 1938, that it’s “a faraway country... of which we know nothing.” Well, so much the better for India, which can take care of itself.The realpolitik of this document is breathtaking, yet the underlying logic is not stated.

Subscribe to enjoy similar stories. American automakers want to boost their profits by selling high-margin gas guzzlers today, all while not falling behind on electric-vehicle technology. It will be difficult to do both.

Subscribe to enjoy similar stories. Walmart-controlled Flipkart received a key approval to shift its domicile back to India, a prerequisite for a local listing, in a move that reflects a shift in India-US economic ties amid prolonged bilateral trade negotiations. The National Company Law Tribunal (NCLT) approved the re-domiciling scheme on Friday, according to an order reviewed by Mint.

Subscribe to enjoy similar stories. The U.S. government has tried to address the long decline in stock-exchange listings by relaxing the rules for small public companies.

Subscribe to enjoy similar stories. Listed plastic pipe makers are in a difficult spot. The much-awaited announcements on anti-dumping duty (ADD) and Bureau of Indian Standards (BIS) rules aimed at curbing low-quality polyvinyl chloride (PVC) resin imports did not materialize this year.

Most of the world has shown clarity in its response to America’s new National Security Strategy. Russia loves it, liberal Europeans are dismayed and the Gulf monarchies overjoyed.In the rest of Asia — and what, until now, Washington has called the Indo-Pacific—the dominant emotion is uneasiness. There are words, phrases and entire sections in the document that are exactly what we want to hear.

India presents a macroeconomic paradox today. GDP growth is among the fastest in the world, inflation is nearly zero and the fiscal deficit is in check. Yet the Indian rupee is Asia’s worst-performing currency.

America’s greatness, or at least the White House version of it, gets costlier for others by the day. The blow taken by India’s auto exports to Mexico, whose tariffs are set to more than double next year, could also be ascribed to that project.When Mexican President Claudia Sheinbaum unveiled her plan to raise barriers in September, a shield for local industry was the stated aim, but her real anxiety was clearly a review of the US-Mexico-Canada Agreement (USMCA) due in 2026.Recall how US President Donald Trump rattled Mexico and Canada with threats within days of taking office.

Subscribe to enjoy similar stories. The $901 billion defense-policy bill passed by the House would codify more than a dozen of President Trump’s executive orders, authorizing major weapons programs, troop deployments and international-security assistance. The Senate is expected to take it up in the week ahead.

Subscribe to enjoy similar stories. Inside a closed Los Angeles courtroom, something wasn’t right. Clerks working for family court Judge Amy Pellman were reviewing routine surrogacy petitions when they spotted an unusual pattern: the same name, again and again.

Subscribe to enjoy similar stories. A list of reasons to be bullish laid out succinctly in a weekly Bank of America report suggests stocks are likely to extend their record run well into the coming year. The president’s economic plans have a lot to do with it.

Renewed hostilities between Thailand and Cambodia are a wake-up call for Southeast Asia about the costs of letting historical border disputes fester. The century-old conflict, rooted in colonial-era cartography, is flaring at a time when the region is already straining from US President Donald Trump’s trade war and intensifying rivalry between the US and China.Fighting erupted last week along their shared frontier and so far has killed at least 11 people.

As we approach the end of 2025, there seems to be some light at the end of the tunnel on India-US relations, which started on a strong note amid the promise of Trump 2.0 but gave way to strained ties over claims of US mediating between India and Pakistan, Washington’s sudden fondness for India’s neighbour and its newly minted Field Marshall Asim Munir, and punitive levies on India for buying discounted oil from Russia.Trump, who has given himself the title of the ‘Peace President’, has been the major disruptor in 2025 – whether in geopolitics or geo-economics -- wielding tariffs against countries for allegedly short-changing the US, and as leverage to broker peace.If he’s been labelled unreliable or unpredictable, it’s with good reason. How else can you explain Trump’s decision to sell Nvidia’s H200 chips to China?To be fair, Trump had given the world a warning in October that he would allow Nvidia to export chips to China after his meeting with Chinese President Xi Jinping in South Korea.