China Financial News

Egypt and China have signed agreements deepening their cooperation during President Abdel-Fattah el-Sissi’s visit to Beijing

An international law enforcement team has arrested a Chinese national and disrupted a major botnet that officials said he ran for nearly a decade

The International Monetary Fund has upgraded its forecast for China's economy, while warning that reforms are needed to sustain growth

strategic corridor that runs along the length of Gaza's border with Egypt, an objective Israel had said was necessary in its bid to destroy Hamas as part of the ongoing war, now in its eighth month. The capture of the area, known as the Philadelphi Corridor, gives Israel control over a strip of land it says is awash in smuggling tunnels that have funneled weapons and other goods for Hamas — even under a yearslong blockade imposed by Israel and Egypt. The move comes as Israel has deepened its incursion into the southern Gaza city of Rafah, where hundreds of thousands seeking shelter from fighting elsewhere had been displaced. The capture of the corridor could complicate Israel's relations with Egypt, which has complained over Israel's advance toward its border, including when Israel took over the Rafah border crossing, the only crossing between Gaza and Egypt.

The SEC has announced penalties and sanctions against former investment adviser Mass Ave Global Inc. and its co-founder and CEO, Winston M. Feng, who is charged with making false and misleading statements to investors in the firm’s flagship opportunity fund.

Malaysian Airlines plane, a new claim has been made by the most unexpected people. Some amateur investigators claim to have cracked the decade-long mystery of the disappearance of flight MH370. They have claimed that the plane has been spotted in Google Maps in the dense forest of Cambodia, reports 'Daily Star'. Malaysian Airlines flight MH370 was on its regular flight from Kuala Lumpur to the Chinese capital Beijing in March 2014, when it suddenly lost call contacts and simply disappeared from the radar. It vanished just 40 minutes after taking off from the Malaysian capital. Its debris too has not been found despite repeated attempts by various agencies in the past ten years. Flight MH 370 has become one of the biggest mysteries of aviation history.

EBAday has provided this to the Finextra and EBA community, year on year, for 18 years and will again in Lisbon at the CCL from 18-19 June 2024, leading the conversation on orchestrating the dialogue on payments and the advantages of collaboration.

Poco M6 Plus 5G, spotted in HyperOS Code with the model number "N19" and codename "breeze," is anticipated to be a rebranded version of the recently launched Redmi Note 13R in China.The BIS listing reveals the Poco M6 Plus 5G under the model number 24065PC95I, suggesting its release in India could be imminent, possibly as soon as next month. However, the certification details remain sparse.Moreover, the Poco M6 Plus 5G will be the first "Plus" variant in the M-series, aimed at budget-friendly consumers. Previously, the Poco M5 debuted in India in 2022 at a starting price of Rs.

water scarcity in India represents an opportunity for companies positioned as “solution providers” said a report by J P Morgan “Those with a product or service that either improves water efficiency, alleviates water stress, improves the availability of water or removes the need for water from a process entirely.” the report said

The Hong Kong Securities and Futures Commission (SFC) has announced that it will be conducting on-site inspections of local virtual asset trading platforms (VATPs) that have not yet completed their regulatory applications after the licensing deadline of June 1.

Pakistan's key ally China has been actively bolstering the defence capabilities of the Pakistani army along the Line of Control (LoC) in Jammu and Kashmir over the past three years which includes the construction of steelhead bunkers and the provision of Unmanned Aerial and Combat Aerial Vehicles, officials said on Wednesday. Chinese assistance also extends to the installation of highly encrypted communication towers and the laying of underground fibre cables along the LoC. Moreover, advanced radar systems of Chinese origin, such as the 'JY' and 'HGR' series, have been deployed to enhance medium and low altitude target detection capabilities, providing crucial intelligence support for army and air defence units, they said. Additionally, the presence of the SH-15, a 155 mm truck-mounted howitzer gun manufactured by a Chinese firm, has been noticed at various locations along the LoC.

Binance France has replaced co-founder Changpeng Zhao with two new shareholders to maintain its operational status in France and comply with local regulations in the European Union’s second-largest economy.

In the 1970s, President Jimmy Carter placed solar panels on the roof of the White House as a symbol of his commitment to developing energy from the sun. In the 1990s, Japan offered homeowners groundbreaking subsidies to install photovoltaic panels. And in the 2000s, Germany developed an innovative program that guaranteed consumers who adopted a solar energy system that they would sell their electricity at a profit. But no country has come close to matching the scale and tenacity of China's support. The proof is in the production: In 2022, Beijing accounted for 85% of all clean-energy manufacturing investment in the world, according to the International Energy Agency.

International Monetary Fund now expects China’s economy to grow 5% this year, raising its forecast from 4.6% earlier this year to reflect a strong expansion at the start of 2024 and additional support from the government. The Fund expects the momentum to continue, raising its gross domestic product forecast for next year to 4.5% from 4.1%, according to a press release published Wednesday.

BEIJING — The International Monetary Fund on Wednesday raised its forecast for China's growth this year to 5%, from 4.6% previously, due to «strong» first quarter figures and recent policy measures.

BEIJING — Chinese travelers are increasingly opting for cheaper domestic destinations over foreign tourist spots.

Indo-China war sparked a political debate on Tuesday with the Bharatiya Janata Party (BJP) calling it a “brazen attempt at revisionism".“In October 1962, the Chinese allegedly invaded India," Aiyar was heard narrating an anecdote as quoted by a purported video of an event at the Foreign Correspondents Club on Tuesday evening.However, he later apologised for using the word “alleged" in a brief statement. “I unreservedly apologise for having mistakenly used the word 'alleged' before 'Chinese invasion' at the Foreign Correspondents Club this evening."BJP leader Amit Malviya slammed the Congress over Aiyar's remarks on the Chinese invasion.

spending limits on online and real money games to tackle gaming addiction among children and young adults, sources told ET. A consensus on this method, which has also been adopted in China, emerged in the recent internal meetings of the ministry of electronics and information technology during which various aspects of the Information Technology Rules of 2021 were discussed.

Central Bank Governor Chea Serey revealed On May 28 that the Central Bank Digital Currency (CBDC) Bakong could increase the adoption of Cambodia’s Riel currency by facilitating cross-border QR payments.

New Delhi: India and Vietnam are gaining the most from the China plus one strategy, which is also expected to unlock new growth opportunities for Asian economies, according to Nomura. India's exports will likely surge to $835 billion by 2030 from $431 billion in 2023 with its large domestic market helping attract firms looking for supply chain alternatives to China, Nomura said in a report on Tuesday. «Firms in electronics, apparel & toys, automobile & components, capital goods and semiconductor manufacturing are looking to invest in India. Given India's large domestic consumer market, firms setting up shop in India are attracted also because of the captive domestic market,» Nomura said, predicting a 10% annual growth over the period.

One Person, One File" (OPOF) mass surveillance program represents an escalation of China's efforts to create a ruthless digital censorship. Under this prospective system, Shanghai aims to triple its deployment of facial recognition cameras, compiling exhaustive personal data files on every single resident, China experts told ET. It encapsulates the Chinese Communist Party's remorseless efforts to strangle human freedom through Orwellian levels of technology-enabled social control. OPOF is more than just another Benthamite panopticon surveilling the watch. It is an attempt to construct an omniscient digital surrogate for every Chinese citizen — an individualized file encoding each person's relationships, activities, behaviors and very existence into ones and zeroes for the Party's domineering oversight, according to China experts