China Financial News

diamond exports have been faltering due to weak demand from the key market, China, and they are unlikely to stabilise unless the government provides support to the industry, the head of a leading trade body said on Thursday. India is the world's largest centre for cutting and polishing diamonds, accounting for nine out of 10 diamonds polished globally. «We're battling weak demand, particularly due to China's slow recovery from COVID-19. As a result, demand continues to fall,» Vipul Shah, chairman of the Gem and Jewellery Export Promotion Council (GJEPC), told Reuters.

Khawaja Asif, has confirmed that the country will persist in launching military strikes against Afghanistan to counter terrorism. Speaking to BBC, he emphasized that these operations are a necessary response to attacks on Pakistani security forces and civilians, stating, «We won’t serve them with cake and pastries.» Instead, he said, Pakistan is prepared to retaliate forcefully against any aggression. The aerial strikes, part of a broader military campaign called «Resolve for Stability,» are aimed at militant groups that Pakistan accuses of operating from Afghan soil. Relations between the two countries have deteriorated, with Islamabad accusing Kabul of not doing enough to curb these militant groups, particularly the Pakistani Taliban or TTP, which allegedly have sanctuaries in Afghanistan. Pakistan's government maintains that its military actions are justified and necessary to safeguard its national security. Tensions between Pakistan and Afghanistan have escalated since the Taliban took control of Afghanistan in 2021. Pakistan alleges that despite its repeated requests, the Afghan Taliban has been reluctant to take action against the TTP, which has been using Afghan territory to launch attacks on Pakistan. Asif asserted that Pakistan's strikes are a direct response to these threats, dismissing concerns over the legality of the operations and stating that informing the Taliban of impending attacks would compromise the element of surprise.

Sanlu milk scandal? China was rocked by this scandal when about more than 300,000 children fell sick and at least six of them died after drinking powdered milk contaminated with high levels of the industrial chemical melamine. A similar incident has been reported in this country once again. State-run 'Beijing News' has reported that tankers used for carrying fuel allegedly carried food products, like cooking oil and syrup. Besides, these were not decontaminated before using his way. The Chinese government has launched a probe into the allegations.

China is the world’s largest textile producer and consumer, throwing away 26 million tons of clothes each year, mostly made of unrecyclable synthetics

Carbon Border Adjustment Mechanism aims to treat imported goods the same as EU-produced goods to help global decarbonisation, the Director-General of the European Commission has said following a visit to India to discuss tax and custom issues. Carbon Border Adjustment Mechanism (CBAM) is the European Union's planned tax on the carbon emitted while making goods imported from countries like India and China. The move has sparked a debate at multilateral forums, including the United Nations climate conferences, as the poorer countries fear such tariffs will harm livelihoods and economic growth. Director-General of the European Commission, Gerassimos Thomas, led a group of officials to New Delhi to discuss tax and customs issues, with a focus on CBAM, on July 1 and 2. He met the Indian government officials and business leaders to explore the manner in which it might affect the Indian industries and explain CBAM's goals and timeline. Thomas welcomed India's plans to decarbonise its economy, underlining the shared commitment to collaborate with India in their decarbonisation efforts, the European Commission said in a statement.

BEIJING — China's yearslong effort to develop robotaxis is starting to gain traction with consumers — but it's also rattling taxi drivers worried about losing their jobs as a result of increasing competition.

first robot "suicide", according to the Daily Mail. The response isn't surprising since South Korea loves its robots, and boasts of highest robot density globally with one industrial robot for every 10 employees, according to the International Federation of Robotics. While the exact cause of the incident is still under investigation, some officials say it could have been caused by a navigational error, sensor failure, or even a programming bug.

Koo’s collapse underlines the fact that social media platforms are “natural" monopolies because of network effects. In this sense, they are like utilities. Power and gas utilities are natural monopolies.

Andy Murray has been in the headlines sometime before the run-up to Wimbledon 2024 as he was facing injury issues, after which, he decided to drop out of the men's singles draw on Tuesday. According to a previous ET report, Andy Murray was still recovering from a back injury, which led him to take this call of dropping out of Wimbledon men's singles. In his place, another player became the 'lucky loser' and qualified for the first round of Wimbledon 2024.

vegetable prices soar. Prices of staples like onions and tomatoes have gone up and restaurants are looking at the last report of hiking prices, reported TOI. Discounts are out of question as well, so either way, costumes will have to spend more on enjoying a meal outside. While such sudden and steep prices are typically seasonal, this time they're beyond «digestible levels», Anjan Chatterjee, founder of Speciality Restaurants, which owns brands like Oh! Calcutta and Mainland China, told TOI. «It has been pinching us across. Our bottom lines are shrinking,» Chatterjee said, suggesting that a price review is underway. «Price increases are being absorbed as of now but we do not know what tomorrow holds,» he added.

Two years ago, tough economic conditions and geopolitics weakened financial markets, but 2023’s rebound has helped global net wealth rise, according to Boston Consulting Group.

NEW DELHI : The Centre may issue so-called composite licences to find and extract critical minerals, in effort to end the fragmented nature of licensing, and tempt mining giants which passed up the blocks that went on auction last year. Critical mineral auction is currently a two-step process. In the first step, exploration licences are auctioned, and the bidder agreeing to share the lowest amount with a future miner wins the licence.

Japan's benchmark Nikkei 225 has surged to a record close of 40,913.65, leading markets in most of Asia higher

property sector in crisis and deflation fears. Here AFP looks at the main challenges facing the world's second-largest economy:

The European Union is moving to sharply increase customs duties on electric vehicles made in China

But with her husband gone, eliminating his wages as a server, she was forced to earn money. She took a job at a nearby factory run by a company called All Time Plastics in Silvassa, a city about 100 miles north of Mumbai. A dozen years later, she is still there, plucking newly molded food storage containers and other household implements off a conveyor belt, labeling them and placing them in cartons bound for kitchens as far away as Los Angeles and London. Pawar earns about 12,000 rupees per month (about $150), a meager sum by global standards. Yet those wages have allowed her to keep her daughter in high school while transforming their everyday lives.

China and Bangladesh are reaffirming their ties during a visit by Bangladesh Prime Minister Sheikh Hasina to Beijing as tensions rise in the region over territorial disputes and resources

BitMEX co-founder Arthur Hayes has hailed Bitcoin as a superior safe-haven asset in the current economic landscape.

Oppo Reno 12 5G will be available in an 8GB RAM + 256GB storage variant in India. Meanwhile, the Oppo Reno 12 Pro 5G is expected to come in two configurations: 12GB RAM + 256GB storage and 12GB RAM + 512GB storage.Globally, the base model is sold with a 12GB RAM + 256GB storage option, priced at EUR 499.99 (approximately Rs.

Taiwan's defence ministry said on Saturday it was monitoring «waves» of missile tests taking place in China's far northern region of Inner Mongolia and that its air defence forces were on alert. Democratically governed Taiwan, which China views as its own territory, keeps a close watch on all Chinese military activities given Beijing's regular activities around the island, but only rarely releases details of what it sees taking place inside China. The ministry said that from 4 a.m. (2000 GMT on Friday) it had detected «multiple waves of test launches» by China's Rocket Force in an area of Inner Mongolia 2,000 km (1,200 miles) from Taiwan.

Shein said it would invest 250 million euros ($271 million) over five years in the UK and Europe as the company battles criticism of its model based around flying cheap clothes and accessories from factories in China direct to shoppers worldwide. Shein, which is preparing for a possible London listing, already sources some clothes from factories in Turkey, although the vast majority of its products are made by around 5,400 suppliers mainly in Guangzhou, China.