China Financial News

China is expected to announce fresh measures to reinvigorate its ailing property industry after the latest data showed housing prices slumped in April

Hindustan Times' R Sukumar and Shishir Gupta, Jaishankar emphasised the Modi government’s leadership in navigating complex international scenarios and underscored India’s clear and confident positions on global issues, with a specific focus on China. Addressing the situation with China, Jaishankar explained that both nations remain forward deployed along the Line of Actual Control (LAC), with increased troops and weaponry since 2020. He attributed the escalation to China’s initial actions, which India responded to in kind.

Ukraine-Russia conflict since Vladimir Putin started the invasion of Ukraine in February 2022. He made phone calls with Putin and Volodymyr Zelansky to ensure safe passage for Indians stranded in war-torn regions. Putin and Zelensky have invited him to their respective countries after the Lok Sabha elections 2024.

NEW DELHI : Logistics and supply chain management company Transport Corporation of India (TCI) plans to acquire two cargo ships worth $35-40 million in the current fiscal to bolster its seaways business. TCI is exploring options from shipbuilding operations in China, Japan, and Korea, expecting to finalize a deal in the second half of the fiscal year. “We placed orders for two ships in the last financial year but unfortunately shipyard in Japan cancelled it at the last minute.

Shares of HSBC Holdings fell over 3% in Hong Kong on Friday after reports that its top shareholder Ping An Insurance might be looking to cut its stake in the British bank.

dual-use materials and weapons components to Russia, Beijing has no interest in dropping its backing for President Vladimir Putin, analysts say. While China does not want to upend its ties with the West, and insists it is not sending lethal weapons to Moscow, Washington has stressed that Russia would struggle to sustain its assault on Ukraine without Beijing. On Thursday, Putin arrived in China on a two-day visit as Moscow is seeking more support from President Xi Jinping for the war effort in Ukraine following multiple rounds of Western sanctions.

Japan and the United States on Wednesday signed an arrangement to jointly develop a new type of missile defense system as the allies seek to defend against the growing threat of hypersonic weapons, which are possessed by China and Russia and being tested by North Korea. The project was initially agreed between Japan's Prime Minister Fumio Kishida and U.S. President Joe Biden at their summit last August and reaffirmed between the leaders during Kishida's April visit to Washington. The Glide Sphere Interceptor is planned for deployment by the mid-2030s. Wednesday's agreement determines the allocation of responsibility and decision-making process, a first major step in the project, Japanese defense ministry officials said. They hope to decide on Japanese contractors and start the development process by March 2025.

IT outsourcing firms are facing a reality check, as global investors’ rush into the artificial intelligence theme starts to leave pricey old-economy tech stocks behind. Unlike counterparts in the developed world and China, Indian software makers including leader Tata Consultancy Services Ltd. have yet to make significant advances in generative AI. That combined with a still cloudy outlook for client spending may soon leave them looking like the tech bets of yesterday.

China visit, Russian President Vladimir Putin spoke highly of the people-to-people ties between the two countries, saying that the Russians and the Chinese are "brothers forever", state news agency TASS reported. Weighing in on the relations between Moscow and Beijing, the Russian President compared it to a song from the 1940s.

BEIJING — China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust.

economic growth performance and has become an alternative investment destination for many western companies as «less and less» foreign investment is going into China, an expert at the UN said as the global body revised upwards the Indian GDP growth for 2024. «India is also benefiting from more investments coming into India from other western sources as less and less foreign investment is going into China, western investment is going into China. India has become an alternative investment source or destination for many western companies. I think that is also benefiting India,» Chief of the Global Economic Monitoring Branch, Economic Analysis and Policy Division, UN Department of Economic and Social Affairs (UN DESA), Hamid Rashid, told reporters here Thursday. He was briefing on the mid-year update of the World Economic Situation and Prospects 2024 that has revised upwards India's growth projections for 2024, with the country's economy now forecast to expand by close to seven per cent this year.

Asian stocks inched lower on Friday as traders pondered the near term U.S. monetary policy path after Federal Reserve officials suggested that interest rates may need to stay higher for longer even as inflation shows early signs of easing. Data on Wednesday showed cooling U.S. consumer price inflation, prompting markets to swiftly price in at least two rate cuts this year but the excitement soon fizzled out as the latest report showed the labour market remains tight, while central bankers were still cautious about inflation.

A bipartisan group of four senators urged Congress to take bold, decisive action to secure American leadership in the artificial intelligence (AI) sector on May 15.

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discussed measures to “deepen" their strategic cooperation and partnership. A lot happened on the first day of Putin's visit to China. Here's all you need to know: Xi Jinping welcomed Putin, saying, “Dear President Putin, my old friend, we welcome your participation in the Third Belt and Road Forum for International Cooperation." Later, the two leaders held a key meeting on Thursday.

EV factory in Germany worth €2 billion ($2.2 billion). Despite its aspirations for a greener future, Volkswagen continues to sell many vehicles powered by combustion engines, raising concerns about exceeding emissions allowances in the near future. CEO Oliver Blume has even petitioned European regulators for leniency in this regard.

Japanese automaker Honda is reaffirming its commitment to electric vehicles, investing 10 trillion yen, or $65 billion, through fiscal 2031

. “India, I think, is moving forward quickly and therefore I think has a very good chance with our brand to grow faster than China," he said. Drew said more Western companies will eventually invest in India, with the country benefitting from the West's ‘China plus one’ strategy, referring to plans to avoid investing only in China and diversify businesses into other countries. “I would also like to think that it is due to the democracy (in India) and also the availability of not only cheap but educated labour," he said in an interview.

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Russian President Vladimir Putin has thanked Chinese leader Xi Jinping for China’s proposals on ending the war in Ukraine, which have been rejected by Ukraine and its Western supporters as largely following the Kremlin’s line

By Jessica Brandon-Jepp