China Financial News

North Korea denounced on Sunday joint military drills by South Korea, Japan and the United States, calling them an «Asian version of NATO» and warning of «fatal consequences».

Thailand’s plan to increase scrutiny on high-frequency trades — in effect from Monday — follows steps from China, where programmed trading will soon be subject to real-time monitoring. While authorities expect the moves to enhance transparency, the growing control over certain trades has raised concern that liquidity may tighten and make those markets overall less attractive.

wedding industry size of approximately Rs 10 lakh crore (USD 130 billion) is second only to food and grocery, with an average Indian spending twice on marriage ceremony than education, a report said. India sees 80 lakh to 1 crore weddings annually compared to 70-80 lakh in China and 20-25 lakh in the US. «The Indian wedding industry is nearly double the size of the industry in the US (USD 70 billion), albeit smaller than China (USD 170 billion),» brokerage Jefferies said in a report.

Sony expects India to overtake home market and become the company's third largest market globally in the next couple of years with its revenue from the country reaching Rs 10,000 crore. Sony India Managing Director Sunil Nayyar said the company clocked a revenue of Rs 6,353 crore in 2022-23 in the country and is betting on the premium television segment besides its audio and imaging products to drive the growth.

growth strategy and gives the Czech firm a competitive advantage for its international expansion plans. The company’s development and manufacturing base in Pune is a springboard into Asean and Middle East.

Ministry of National Defence (MND) said on Sunday that five Chinese military aircraft and seven naval vessels operating around Taiwan from 6 am (local time) on Saturday to 6 am (local time) on Sunday.

Chef Ho Chi Ming doesn’t want to forget his roots. “I want to travel around, telling people what Calcutta Chinese food is all about,” says the third-generation cook in the family.

Showing the Position on Map In a noteworthy move ahead of SCO summit and Indian PM’s Moscow visit, Russian stateowned media Sputnik has published a map of SCO member states and dialogue partners that displayed PoK as part of India. Clearly, the message can’t be missed, and the move may not go down well with either Pakistan or China, both SCO members. Russia has always maintained that the entire Kashmir is part of India.

Ola Electric is working on building solid-state batteries, the chief executive officer of the SoftBank Group-backed electric scooter maker said on Saturday.

Congress leader Jairam Ramesh on Saturday slammed Prime Minister Narendra Modi over a news report that the Adani Group has «selected eight Chinese companies to help» its solar manufacturing project and called for a strategy «to wean India of its dependence on China». He said it has to be ensured that the taxpayers' money does not benefit Chinese companies. In a post on 'X', Ramesh said, «The non-biological Prime Minister infamously told the nation on June 19, 2020, after the Galwan clashes that 'Na koi hamari seema mein ghus aaya hai, na hi koi ghusa hua hai (Neither has anyone entered our borders, nor has anyone occupied territories)'.» «However, he shows no hesitation in liberally issuing visas to Chinese workers to help one of his 'tempowallah' buddies,» he said in the post on 'X' while tagging with it a newspaper report about Adani Solar seeking Centre's nod to bring a few engineers from China.

visa-waiver program for Chinese tourists announced by the Laos government includes elements that gives false impression that Taiwan is part of China, the Central News Agency (CNA) reported. The document issued by the Laos government on Wednesday said that Chinese nationals travelling to Laos may visit the country visa-free for up to 15 days as part of a group tour. It also provided the itinerary approved by the Laotian Ministry of Information, Culture and Tourism.

Japan has never seen so many tourists flood into the country so quickly. The yen’s historic collapse, meaning a cheaper traveling experience for those with tourist dollars to spend, coupled with the post-pandemic surge in global tourism, has sparked interest in the nation like never before. More than 14.5 million people arrived in the country in the first five months of this year, according to the Japan National Tourism Organization’s latest figures. That’s 70% up on the same period last year, and on track to beat 2019’s record 31 million visitors.

Canada’s newest oil pipeline has turbo-charged exports of the country’s heavy crude to Asia and a diversion through California is making for a longer but potentially cheaper journey.

India on Friday said it opposes unilateral actions seeking to change the status quo by force in South China Sea amid concerns over China's escalatory moves against the Philippines' maritime operations in the region. Tensions between China and the Philippines escalated following an incident of violent clash between their maritime security personnel few days back in the South China Sea. «We have always emphasised on adherence to international law, respect for the rules-based order, and resolution of disputes in a peaceful manner,» external affairs ministry spokesperson Randhir Jaiswal said. «Other than that, we also believe that there should not be any incident or approach that destabilises the region,» he said.

Character.AI, a leading AI chatbot company, is taking the next step in human-computer interaction with the launch of its new voice call feature. This innovative feature, dubbed as Character calls, allows users to have real-time conversations with AI characters over phone calls, taking interactions with text-based chatbots to a whole new level.

Mongolia, where parliamentary elections are being held Friday, is a sparsely populated and landlocked Asian nation known for its bitter winter cold and independent spirit

Shipments of foreign-branded phones in China increased by 1.425 million in May to 5.028 million units from 3.603 million a year earlier，calculations based on the data from the China Academy of Information and Communications Technology (CAICT) showed.

Global money laundering body FATF on Friday said it added Monaco and Venezuela on its so-called grey list with countries under special scrutiny. Both countries now made high-level political commitments to work with the body and implement an action plan to strengthen the effectiveness of their regulation, the FATF said.

engineering exports bounced back in May 2024 and recorded 7.39% year-on-year growth to $9.99 billion. In April this year, engineering exports registered a 4.49% decline compared to the previous fiscal period. Significant export growth was noted in West Asia and North Africa (WANA), Latin America, and European countries outside the European Union (EU) during May this year. Exports to the EU declined significantly during this period.

HANGZHOU, China — The transforming power of artificial intelligence is of no value unless user data is protected, CEO of Chinese smartphone company Honor, George Zhao, told CNBC in an exclusive interview on Thursday.

Donald Trump has said his administration opted out of the landmark Paris Climate Accord in 2017 as it was a «rip-off» which would have cost Washington USD 1 trillion, as he claimed that India, China and Russia weren't paying for it. Trump, the presumptive candidate of the Republican Party, made the claims at the first of presidential debates with his Democratic Party rival President Joe Biden on Thursday, where the two 2024 presidential candidates sparred over the state of the economy, border, foreign policy, abortion, national security and climate change. During their roughly 90-minute debate marred by personal attacks, Trump, 78, claimed that the Paris Climate Accord would have cost USD 1 trillion and the US was the only country that had to pay.