China Financial News

U.S. State Department's 2023 religious freedom report on India noted violent attacks on minority groups, especially Muslims and Christians, including killings, assaults and vandalism of houses of worship. The report on international religious freedom released on Wednesday said that in 2023, senior U.S. officials continued to «raise concerns about religious freedom issues» with their Indian counterparts. Human rights experts say India has seen a rise in attacks on minorities under Prime Minister Narendra Modi, who recently won a third term, and his Hindu nationalist Bharatiya Janata Party (BJP).

South Korean university students appear to be turning to cryptoassets such as Bitcoin (BTC), with 40% saying they invest in tokens as well as overseas stocks.

French astronomer Nostradamus prove to be wrong? This question looms large after his prophecy about the World War 3 has not come true so far. According to the 'Wion', Nostradamus predicted something which may be interpreted as the beginning of World War 3. He expected a “combat and naval battle” between China and the US, though he did not take their names. The 16th-century philosopher and physicist predicted that the “Red adversary will become pale with fear. Putting the great Ocean in dread”. These lines are interpreted as the blockade of China by the US Navy and a confrontation between the two rival forces. This prediction is especially significant because Beijing and Washington have indulged in blaming each other for rising tension on the issue of Taiwan. Some of the US lawmakers have openly threatened China with attacks and war if Beijing threatens Taipei.

China on Wednesday spoke of President Mohamed Muizzu's recent visit to New Delhi and the importance of India to his country's tourism-dependent economy. The comments by Minister of Economic Development and Trade Mohamed Saeed came as Male seems to have re-oriented ties with New Delhi following President Muizzu, known for his pro-China leanings, attending Prime Minister Narendra Modi's swearing-in ceremony earlier this month. «President Muizzu reiterated that India remains our closest neighbour,» Saeed, who is attending the 15th World Economic Forum (WEF) at Dalian, told CNBC International TV in an interview.

cyber-attacks in recent times on the critical water infrastructure in the US has exposed its gaps in cyber security. These attacks carried out allegedly by Russia, China and Iran have added to the stress on the system as well as lowered the public confidence. It has been reported that the US National Security Advisor Jake Sullivan has also issued a note to all stake holders to take note and work towards stepping up security on various networks which are connected to the water infrastructure. There is an increasing tendency to use AI in carrying out various cyber-crimes.

Blockchain data infrastructure Covalent has announced the successful closing of a $5 million strategic funding round.

Russia has sent two trains laden with coal to India via the International North-South Transport Corridor (INSTC), which connects Russia to India via Iran, according to Russia’s national railway company. A multimodal route that includes a railway, roadway network and seaports, the INSTC spans 7,200km (4,500 miles) from St. Petersburg to the port of Mumbai in India. The corridor is part of Russia’s push to find new transport routes in light of Western sanctions, which have forced it to shift trade flows from Europe to Asia and the Middle East, RT has reported. “For the first time, two trains with Kuzbass coal headed to India along the International North-South Transport Corridor. The trains set off from the Kemerovo region. They followed along the eastern branch of the INSTC through Kazakhstan and Turkmenistan to the Iranian port of Bandar Abbas,” Russian Railways said on Monday in its Telegram channel, RT reported. How INSTC can revolutionise India's trade The development of the INSTC, which connects Russia to India through Iran's Chabahar port, means a lot for India's trade. Now that Russia faces restrictions on sea trade due to the Ukraine war, the corridor assumes even more economic and strategic importance, especially when India sees it as an alternative to China's ambitious Belt and Road Initiative.

manufacturing giant Boeing is facing a huge crisis, having received orders for only four new planes in May. Orders for its once-best-selling 737 Max have almost dried up since an incident in January, in which the side panel of an Alaska Airlines aircraft blew out mid-air. The crisis, however, was not entirely unexpected.

₹25586 crore worth of equities in May and have remain net sellers worth ₹8536 Crore in equities during the calendar year till date, however have net bought ₹14828 Crore worth of equities in June till 25th, as per NSDL data. All eyes are on sustenance of the trend.The Lok Sabha Elections are behind us and the uncertainties associated with the new government are behind us and hence there is some amount of buying being observed by FPI's, with economic data also remaining supportive, said experts.

visa applications in 2023. Out of the 151,752 visa requests filed by Indian nationals, a substantial number were denied. This led to an estimated loss of €12.1 million in visa application fees for Indian applicants, highlighting the financial burden on those attempting to travel to Schengen countries. In 2023, Schengen states rejected a total of 1.6 million visa applications, resulting in €130 million in generated funds, according to SchengenNews. Among the affected nationalities, Indian applicants faced significant financial losses due to high visa rejection rates. Other nationalities facing high rejection rates included Turks, Algerians, Moroccans, and Chinese. Turkish nationals experienced the highest monetary loss, with €13.5 million spent on rejected visa applications. Algerians followed closely, losing €13.3 million, while Moroccans lost €10.9 million, and Chinese applicants faced losses of €4.8 million despite having one of the highest approval rates.

₹1,000-2,000 to complete the RBI-mandated EDPMS closure, incurring a net loss. Other challenges include: a) customs clearance taking 1-6 days compared to under 24 hours in China; b) a consignment limit of $12,000 versus China’s $50,000; and c) having to write off international customer returns, which account for 15-25% of sales. To enhance India’s export competitiveness, the government must prioritize e-commerce exports as a key element of its 100-day agenda.

Taipei: Taiwan, on Wednesday, reported that a total of 18 China's People's Liberation Army (PLA) aircraft and 6 People's Liberation Army Navy (PLAN) vessels were detected operating around Taiwan as of 6 am (local time), Taiwan News reported. According to the Ministry of National Defence, of the 18 People's Liberation Army (PLA) aircraft, five crossed the Taiwan Strait median line in the northern, southwestern, and eastern sectors of the country's air defence identification zone (ADIZ). In response, Taiwan sent aircraft and naval ships and deployed coastal-based missile systems to monitor PLA activity, as per Taiwan News.

AMSTERDAM — Europe is at risk of falling behind the U.S. and China on artificial intelligence as it focuses on regulating the technology, according to Prince Constantijn of the Netherlands.

China's premier called Tuesday for countries to «oppose decoupling», as economic tensions simmer between Beijing and the West, and the European Union prepares to impose new tariffs on Chinese electric vehicles. Friction between the West and the world's second-largest economy has intensified in recent years, particularly as Beijing and Washington compete for supremacy in advanced technology and new «green» industries. «We should broadly open our minds, work closely together, abandon camp formations, (and) oppose decoupling,» said Li Qiang, China's second-ranking leader, who has been tasked by President Xi Jinping with managing economic affairs.

ITR filing lessons for first-time taxpayers: It's income tax filing season. Salaried individuals should have received their Form-16 from employers by now and can begin filing their income tax returns (ITRs).

markets braced for a key U.S. inflation reading, while the yen lurked just shy of 160 per dollar level, keeping traders on alert for another round of intervention by Japanese authorities. Risk sentiment was also capped as hawkish comments from Federal Reserve officials kept near-term U.S. rate cut expectations in check in a boost to the dollar.

DALIAN, China — For China's yuan to be used more globally, the currency needs more «applications» such as for stocks and bonds, Bonnie Chan, CEO of Hong Kong Exchanges and Clearing Limited, said on a panel Tuesday.

Everything is bigger in Texas, including the Bitcoin mining industry . The Lone Star State has grown to become one of the largest Bitcoin mining hubs in the world.

Jaishankar on Tuesday emphasised on the «common interest» in «stabilisation and progress» in India-China relations during a meeting with Chinese ambassador Xu Feihong, amid the lingering border row in eastern Ladakh. Jaishankar also separately met envoys of New Zealand, Kuwait and Sri Lanka. «Received Ambassador of China Xu Feihong this evening. Discussed our bilateral relationship and our common interest in its stabilization and progress. Wished him a successful tenure,» the external affairs minister said on 'X'. The external affairs minister has consistently been maintaining that India's ties with China cannot be normal unless there is peace in the border areas.

Rescue workers are combing through the charred ruins of a factory building near South Korea's capital to find any more victims of a fire that killed 22 people, mostly Chinese migrant workers

Modi 3.0 Budget 2024 Expectations: What are Finance Minister Nirmala Sitharaman's plans for taxpayers?The need to protect domestic industry from dumping of Chinese products featured prominently in the discussions."We represented our industry pain points, which are imports from China and the threats we face from China," said Ajay Sardana, chairman - National Expert Committee on Chemical and Petrochemical, Indian Chamber of Commerce."China has created a lot of overcapacity. After the pandemic, with the demand coming down, they are dumping products in India at a cheaper price.