China Financial News

Canadians have remained in the dark for years about interference by China and other foreign countries in their democracy. Inquiries have been slow-walked, delayed or obstructed by the Trudeau government.

World Trade Organization (WTO) on the concessions the bloc can offer to New Delhi to mitigate the adverse impact of duties it levies on some steel imports. The two sides conducted consultations on June 7 on the EU's recent announcement of its decision to extend the existing safeguard measures on some steel product imports beyond the current termination date of June 30 for another two years. «India and the European Union were not able to reach an agreement,» India told the WTO on Monday. The measures hurt imports from many countries including India. «India requested the European Union to put forth its proposals for maintaining substantially equivalent level of concessions and other obligations and adequate trade compensation to mitigate the adverse effects of the proposed measure,» India said. India, China and Russia, along with five others have criticised the EU's decision to extend the levy on certain steel products, arguing that the measure, imposed after the US slapped additional duties on certain categories of steel imports from the bloc, in 2018, was inconsistent with the global trade body's rules.

In the face of calls around the world to diversify out of the dollar in recent years, the US has nabbed almost one-third of all the investment that flowed across borders since Covid struck.

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nuclear-armed nations including the US, Russia, France, China, India and Pakistan, continued to modernise their nuclear arsenals and several of them deployed new nuclear-capable weapon systems in 2023, a Swedish think-tank said on Monday. In its analysis, the Stockholm International Peace Research Institute (SIPRI) said China's nuclear arsenal increased from 410 warheads in January 2023 to 500 in January 2024, and it is expected to keep growing. The report said some 2,100 of the deployed warheads were kept in a state of high operational alert on ballistic missiles, and nearly all of them belonged to Russia or the US. However, for the first time China is believed to have some warheads on high operational alert, it said.

Chinese Premier Li Qiang has arrived in Australia on a relations-mending mission

China has kept a key lending rate unchanged despite signs of continued weakness in the second-largest economy's manufacturing and the property sectors

Chinese Premier Li Qiang says he has agreed with Australian Prime Minister Anthony Albanese to properly manage their nations’ differences as they emerge from a hostile era in which minister-to-minister contacts were banned and trade barriers cost Austr...

Shares have opened mixed in Europe as markets recovered from shocks of recent elections across the region

Chinese Premier Li Qiang’s visit to Australia has focused on positive aspects of the bilateral relationship including shared giant pandas and a rebounding wine trade after he urged both countries to shelve their differences

Oil edged higher after its biggest weekly advance since early April, extending a short-covering rally as traders weighed a raft of data from China.

electric vehicles (EVs) made by Chinese companies now stare at a road bump in Europe as the European Union (EU) last week decided to hike tariffs on Made-in-China EVs. The EU decision follows a scare in the Western world about China flooding it with state-subsidised EVs. The Alliance for American Manufacturing has said that government subsidized Chinese EVs “could end up being an extinction-level event for the U.S.

India has witnessed the fastest jump in alternative payment share for e-commerce payments in the Asia-pacific region from 20.4% in 2018 to 58.1 %in 2023 as per a report by GlobalData, a data and analytics company. Options for payment other than traditional cash include UPI, debit cards and credit cards among others.

food security—a priority for scientists. Over the past decade the quality and the quantity of crop research that China produces has grown immensely, and now the country is widely regarded as a leader in the field. According to an editor of a prestigious European plant-sciences journal, there are some months when half of the submissions can come from China.

Trade openness is measured as the ratio of trade to GDP. India’s is close to 50%, as per World Bank data. It used to be 7% in 1970, about 15% in 1980 and 1990, and jumped to 26% in 2000 and 49% in 2010.

NATO is in talks to deploy more nuclear weapons, taking them out of storage and placing them on standby, in the face of a growing threat from Russia and China, the head of the alliance said on Monday. Jens Stoltenberg told Britain's Telegraph newspaper that there were live consultations between members to use transparency around its nuclear arsenal as a deterrent. «I won't go into operational details about how many nuclear warheads should be operational and which should be stored, but we need to consult on these issues. That's exactly what we're doing,» he told the paper.

Philippine supply ship collided near the disputed Spratly Islands in the South China Sea on Monday, China's coast guard said. The coast guard said a Philippine supply ship entered waters near the Second Thomas Shoal, a submerged reef in the Spratly Islands that's part of territory claimed by several nations. The Chinese coast guard said in a statement on the social media platform WeChat the Philippine supply ship «ignored China's repeated solemn warnings… and dangerously approached a Chinese vessel in normal navigation in an unprofessional manner, resulting in a collision». «The Philippines is entirely responsible for this,» it added.

economic news underlined the country's bumpy recovery, while political uncertainty in Europe soured risk appetites and kept the euro on the defensive. Chinese blue chips were off 0.2% after retail sales topped forecasts by rising 3.7% in May, but industrial output and fixed-asset investment both underwhelmed.

Google Chrome gears up for AI push: From tabs to smarter browsing, what all can changeOn the Chrome Android app, the Listen to this page option appears just below the Translate option in the three-dots menu. Tapping on the new option should start playback in a podcast-like layout with the ability to play, pause, rewind, fast forward or skip 10 seconds and even change the preferred voice.For now, there are 4 voices to choose from, including Ruby ( mid-pitch, warm), River ( mid-pitch, bright), Field ( low-pitch, bright) and Moss ( low-pitch, peaceful).

Cold War II is worsening. The G7 summit held in Italy ended with a stiff warning aimed at China over its alleged role in “enabling" Russia’s war in Ukraine by means of dual-use tech transfers, a charge Beijing denied.

Li Qiang, Australian Prime Minister Anthony Albanese and senior ministers of both administrations met at Parliament House on Monday to discuss thorny issues, including lingering trade barriers, conflict between their militaries in international waters and China’s desire to invest in critical minerals. Li, China’s most senior leader after President Xu Jinping, arrived in the South Australian state capital of Adelaide on Saturday and the national capital of Canberra late Sunday in the first visit to the country by a Chinese premier in seven years.