China Financial News

Taiwan's president said Sunday he was still open to working with China on building "mutual understanding and reconciliation", days after Beijing launched military drills around the self-ruled island in response to his inauguration speech. President Lai Ching-te was sworn into office on Monday, and China — which claims democratic Taiwan as part of its territory and regards Lai as a «dangerous separatist» — launched military games around the island three days later. Fighter jets, naval vessels and coast guard ships encircled Taiwan until Friday night, which Chinese military analysts said was to practice seizing it.

Joint Sword-2024A military exercise around Taiwan, US experts analysed that Beijing has an intent to make large-scale military drills around the island a regular move with the China Coast Guard (CCG) to play a more important role in a blockade, reported Focus Taiwan. Center for Strategic and International Studies (CSIS), a think tank in Washington, issued an article, where Bonny Lin, head of the CSIC's China Power Project, and fellow researcher Brian Hart analysed the two-day Joint Sword-2024A, which was launched on Thursday, three days after President Lai Ching-te was sworn in on Monday. Joint Sword-2024A was the third round of large-scale military exercises China has staged around Taiwan in recent years.

Taiwan Ministry of Defence, on Sunday, detected seven China's People's Liberation Army (PLA) aircraft, as well as over 10 China's People's Liberation Army Navy (PLAN) vessels around Taiwan. According to Taiwan's MND statement, seven PLA aircraft, 14 PLAN vessels, and four China Coast Guard (CCG) vessels were tracked operating in the island's vicinity up until 6 am. In response, Taiwan's armed forces monitored and responded to the situation accordingly.

Manishi Raychaudhuri, Veteran Investor In Asian Equities, says for global investors’ focus to come back sustainably in emerging markets, the rate narrative and the US dollar narrative has to change. Till then, we would possibly see this three steps forward and two steps back as far as the FII flows into India and other Asian markets are concerned. There are enough opportunities in India in sectors like capital goods, industrials and power which hitherto had not performed and some FIIsfund managers have moved into midcaps and even smallcap spaces. There was a weakish patch barely a week or 10 days ago when the market corrected from 23,000 to 21,800 odd. At that time, a narrative got built that China and Hong Kong markets have started to look very attractive versus India, so some money went there. But right now, we are back at life highs. Can India afford to do well despite some flows going to China? Manishi Raychaudhuri: I would think so.

Mark Mobius, Chairman, Mobius Emerging Opportunities Fund, says that there are lots of steam left in the global market, and we are seeing a lot more interest in equities globally, particularly in the US, and that helps India as well because if people are making a lot of money in the US, they want to diversify globally. They want to put their eggs in more baskets. And one of the most important baskets now is India. Mobius further says that India is a huge market and there are lots of opportunities for global investors.They are going to take advantage of that opportunity. I wanted to glean out a bit because overall we have seen that there has been a shift towards China as well because the valuations there were fairly comfortable. For you, I see that it is still one of the least preferred countries in terms of your geographical portfolio breakdown. What is the thesis there? Are you looking at perhaps increasing the weights in China and even the US for that matter is fairly underweight at just 9%? Mark Mobius: Yes, we are looking at China again now and you have seen that the Hong Kong market has had a pretty good recovery.

Top Events on May 26: India is all set to witness various political, international, technological, and sports events on Sunday. Congress leaders Mallikarjun Kharge and Rahul Gandhi will address poll rallies in Odisha. South Korea, China, and Japan will hold their first trilateral summit today.

All-Time Favourites for Children, read by Anuj Datta, Bond told PTI that the format could be called “a stimulus, a catalyst for the whole art of reading". As true as this may be for children, many adults, too, listen to books so that they can multitask during a commute or while doing chores, and meet reading or learning goals. India is the third largest audiobook market in the world after the US and China, according to Statista.

China's engagement in the global system of commerce was roundly criticised by Group of Seven finance chiefs in a show of unity accompanied by a threat of further escalation. The club of rich-world ministers and central bankers concluded its gathering in the Italian lakeside town of Stresa on Saturday with a communique that cited the world's second-biggest economy by name and accused the country of hurting the economies of its trade partners.

US Treasury Secretary Janet Yellen said the US won't sign an agreement to finalise a still-pending global tax deal until India and China agree to key unresolved issues. «India, in particular, has been a holdout and China has not really engaged very much in these negotiations at all,» Yellen told reporters on Saturday.

‘What’s the time?’ don’t ask this to Nvidia CEO Jensen Huang, as he isn’t keeping it. This is quite surprising that one of the tech world’s most prominent figures is going through life without checking the clock.

foreign portfolio investors (FIIs) have remained unenthusiastic in May so far, off-loading Indian equities worth Rs 22,046 crore. In 2024 year-to-date, FPIs have off-loaded stocks worth Rs 19,824 crore. They carried on the trends in May from April in which FPIs sold shares worth Rs 8,671 crore even as the domestic institutional investors have displayed keenness on remaining in the buying side.

subsequent interview with The Economist. His dramatic warning that “Europe could die" provides an opportunity to reflect on the challenges that face the continent, and the progress it has made since President Macron’s first speech. The geopolitical landscape has shifted dramatically over those seven years.

Gold prices rose on Friday as the dollar slipped, but were headed for their worst week in five and a half months as hopes of interest rate cuts by the U.S. central bank tamed. Spot gold rose 0.2% to $2,332.77 per ounce as of 1:54 p.m. ET (1754 GMT) as the U.S. dollar index slipped 0.4%, making gold relatively less expensive for other currency holders. [USD/] [US/]

Janet Yellen stated on Friday that she is working to save a component of the global corporate tax agreement targeting highly profitable multinational corporations, and added that “India is refusing to engage on issues important to US interests".Yellen told Reuters in an interview on the sidelines of a G7 finance leaders meeting in Italy that China also has been “all but absent" in the negotiations to finalize “Pillar 1" of the OECD corporate tax deal reached in principle in 2021 that involves 140 countries."We are actively engaged in this negotiation," to meet an end-June deadline for the deal, Yellen told Reuters. “We're committed to doing everything we possibly can to make it work."Also Read: Yellen ‘Feeling Good’ About G-7 Alignment on Russian AssetsEarlier on Friday, Italian Finance Minister Giancarlo Giorgetti told reporters that the Pillar 1 negotiations were set to fail, citing objections from the U.S., India and China.The Pillar 1 negotiations primarily focus on redistributing the taxing authority concerning US-based digital giants, potentially enabling around $200 billion of corporate profits to be taxed in the nations where these companies operate.In addition to Pillar 1, the tax deal includes a second pillar involving the implementation of a 15% global minimum tax on corporate profits, which many countries are independently adopting.

The Southwark Crown Court in London, UK, sentenced a woman to jail for money laundering bitcoin tied to a billion-dollar investment fraud.

US Defense Secretary Lloyd Austin will meet his Chinese counterpart, the Pentagon announced Friday, after Beijing carried out war games around Taiwan in a sign to the US-backed democracy's new leader.

USTR) office on Friday announced a further extension of all China Section 301 tariff exclusions on 352 Chinese import and 77 pandemic-related categories through June 14, and said some would be extended through May 31, 2025.

U.S. Treasury Secretary Janet Yellen said on Friday she is trying to save a part of the global corporate tax deal focused on highly profitable multinational firms, but India is refusing to engage on issues important to U.S. interests.

For all the talk about the S&P 500’s impressive 11.3 percent return prior to the Memorial Day break, it’s probably worth taking a quick gander over at gold too. Why? Because the yellow metal is up 13.1 percent since the start of the year.

There will be a dead end for those who engage in 'Taiwan independence', and to connive support for 'Taiwan independence' will only backfire" Chinese Foreign Ministry spokesperson Wang Wenbin said on Friday.He also said the US is in no position to point fingers at China on the Taiwan question. "Nothing will deter us from defending our sovereignty and territorial integrity, and we will do anything necessary to thwart any move aimed at “Taiwan independence"," Wenbin added.Beijing considers Taiwan part of its territory and has threatened force to control it.

Also Read | Your guide to Cyclone Remal — states on alert, potential impact, advisory & moreIt is important to note that a deadly virus like Ebola needs extremely secure facilities of Biosafety Level 4 (BSL-4). Hence, the Chinese researchers used a different virus called vesicular stomatitis virus (VSV), to carry Ebola glycoprotein which plays a crucial role in helping the virus enter and infect cells of its host.The researchers said that when they harvested the organs of the dead hamsters, they noted that the deadly virus was spread throughout their body, including the heart, spleen, lung, kidney, stomach, intestines and brain tissues, with the highest levels in the liver.Researchers further noted that the experiment provided a rapid preclinical evaluation of medical countermeasures against Ebola under BLS-2 conditions.