China Financial News

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

Sri Lanka will hand over the loss-making Mattala International Airport in Hambantota to a joint India-Russia venture «during the next few weeks» to run, Minister of Aviation Nimal Siripala de Silva said here on Wednesday. The India-Russia joint venture was awarded the management of the Mattala International Airport in Hambantota in southern Sri Lanka in April. The USD 209 million facility was once dubbed the «world's emptiest airport» due to a lack of flights. «Action will be taken during the next few weeks to handover the loss-making Mattala International Airport to a joint India-Russia venture,» de Silva told reporters. Earlier, the Sri Lankan Cabinet, which met on January 9, approved the calling of Expression of Interest by prospective parties. Accordingly, five proposals were received, and the Cabinet-appointed consultative committee decided to award a management contract spanning 30 years to Shaurya Aeronautics (Pvt) Ltd of India and Airports of Regions Management Company of Russia.

New York on Wednesday launched a dedicated platform for Indian students to find internship opportunities at companies in the United States. The consulate on a social media platform X said, «As part of the initiative to support Indian students in its jurisdiction, India in New York has developed a platform for Indian Students to find internship opportunities at companies in the USA.» «Several Indian and American companies and organizations have agreed to consider deserving Indian students for internship opportunities,» it added.

Iran will not respond to pressure, President-elect Masoud Pezeshkian said in a statement published on Saturday, in which he also highlighted his country's friendship with China and Russia. Pezeshkian, a relative moderate who beat a hardline rival in elections, also reiterated that Iran does not seek nuclear weapons, adding that Tehran would expand ties with neighbours and engage with Europe. «The United States...needs to recognise the reality and understand, once and for all, that Iran does not — and will not — respond to pressure (and) that Iran's defence doctrine does not include nuclear weapons,» Pezeshkian said in the statement, titled «My message to the new world» and published in the daily Tehran Times.

Cuba, close to the coast of Florida. China has traditionally lacked spying facilities in North America and this news has the potential to raise the level of conflict between China and the US. The Centre for Strategic and International Studies found the presence of these Chinese facilities after analyzing satellites images from Cuba. These facilities are close to the Florida coast and threaten the national security and the commercial interest of the US. They are located just 100 miles, off the coast of Florida.

China’s exports beat forecasts in June, while imports grew less than expected

Pittsburgh's most storied steel company, U.S. Steel, is on the cusp of being bought by Japanese steelmaker Nippon Steel Corp. in a deal that's kicking up an election year political maelstrom

Apple is reportedly revisiting its plans to produce iPads in India and is actively seeking a local manufacturing partner.According to sources cited by Moneycontrol, Apple's earlier collaboration with China-based BYD for iPad production was halted due to geopolitical restrictions. Now, Apple is resuming its efforts and may soon secure an Indian partner to kickstart iPad manufacturing.

Tesla’s global sales fell for the second straight quarter despite price cuts and low-interest financing offers, another sign of weakening demand for the company’s products and electric vehicles overall

global investments from April to June, marking a third consecutive quarter of growth in funding, according to British investment firm Seraphim Space. WHY IT'S IMPORTANT This positive trend follows a period of high interest rates that had deterred investors from funding companies involved in rockets, satellites and space-based data services.

Hong Kong, Jul 05, 2024 -Asian markets were largely down on Friday, a day after Tokyo's indexes hit record highs as traders prepared for a key US jobs report while European exchanges edged up on calming electoral news from the United Kingdom and France. Japan's Nikkei 225 ended flat while the broader Topix index, which a day earlier surpassed its previous peak set in 1989, also shed some of its gains.

The US Senate Committee on Armed Services tasked Secretary of Defense Retired General Lloyd Austin on July 9 with exploring the potential applications of blockchain technology for enhancing supply chain management and other national security functions within the US Department of Defense (DOD).

tech stocks lifted US and global shares to new highs ahead of inflation data due later Thursday. Equities in Japan and Australia and futures for Hong Kong stocks all rose, echoing the bullish pulse on Wall Street on Wednesday that led the S&P 500 and Nasdaq 100 each more than 1% higher to records. The S&P 500 has advanced in each of the past seven sessions, its longest winning streak since November, helping propel a gauge of global equities to a record.

pandas. This is only partly true. While the Chinese probably never adopted them as pets because they leave awful black and white stains on the couch, they are remarkably useless otherwise as well. Most of the time, sitting on their lazy asses, their low desire to procreate is baffling. Certainly considering they are at risk of extinction. Pandas can't even be relied on for their own survival. I will let that sink in. Pandas can't be seen in the wild anymore. The closest they get is a breeding reserve in Chengdu. Considering the gastronomic delights the city has to offer, in which Sichuan pepper gives dishes their distinct flavour, it is a shame to see pandas limit themselves to bamboo.

Blockchain security firm CertiK has formed a partnership with Alibaba Cloud, the cloud computing subsidiary of Chinese e-commerce giant Alibaba.

₹50 crore) and potentially challenging India's largest corporations, or 'rulers', said Mukherjea. “Over the last 12 months, CCP underwent a significant increase in allocation to companies (from 10% previously to over 50% currently) which have seeded new business optionalities through capital allocation decisions over the last 3-5 years," according to Mukherjea’s May 2024 portfolio update.

pranamay kosh is the energy body of man. Kosh means a sheath. The pranamay kosh, made of pran, or life, substance, electrifies and gives life to our physical body. The pranamay kosh carries a charge indicated by the invisible aura or energy field surrounding the body. Just as an electric current creates an electric field around it, the pranic currents also create an auric field surrounding the body. The energy body has 114 chakras, or energy wheels, to distribute prana to various body parts through nadis, or microscopic vessels, which are invisible to the eye. Some of these main chakras are aligned along the spinal cord. This pranic system is used in Reiki, Chinese alternative therapies like acupuncture and acupressure, and the Indian marma therapy for healing purposes. The pranamay kosha is energised by pranayam. When the pranamay kosh is energised through yog to a threshold limit, the kundalini, or the spiritual evolutionary energy, is awakened in man, at the bottom coccyx region of the spine called Muladhar (base support for energy) in yogic terms.

Bolivians have been hit hard by economic turmoil in the small South American nation fueled by a longtime hyper-dependence on, and now shortage of, U.S. dollars

China is known for its mega hydroelectric plants and giant thermal power projects not only on its land but in many other countries as well, it has set a record by switching on the world's largest solar plant, which has more than five million panels. According to the TCD, the government-controlled China Green Electricity Investment of Tianjin has switched on the 3.5 GW Midong PV farm in Urumqi, Xinjiang region. It is a subsidiary of China Green Development Group (CGDG). China Construction Eighth Engineering Division Corp and Power Construction Corporation of China (PowerChina) invested a massive amount of CNY 15.45 billion in this project. Also Read: Bando Stone & The New World: Here’s all we know about release date, trailer, plot and more

Gold slipped after the biggest weekly advance in three months, with central-bank purchasing patterns in focus.

The U.N. intellectual property agency says China has requested far more patents than any other country when it comes to generative AI, with the United States a distant second