China Financial News

Mint on the impact of climate change in the Asia Pacific region. India accounts for most of the economic and human losses in South Asia region.

and otherCentral Bank purchases are the key drivers of gold prices. Demand in India has remained resilient despite higher prices. These two countries together account for approximately half of the global physical demand.

The move follows a slight recovery in Chinese shares, which for the past year have seen an ongoing downturn in value. According to Scion Asset Management's most recent 13F filing with the Securities and Exchange Commission (SEC), Burry's holdings in JD.com rose by 80% from the previous quarter, boosting its number of shares from 200,000 to 360,000 and reaching $9.9m in value. The fund's investment in JD's equities turned the Chinese e-commerce giant into Scion's largest holding. 'Big Short' Michael Burry bets against S&P 500 and Nasdaq Scion has also boosted its stake in Alibab...

China’s police have uncovered a $1.9 billion USDT underground banking operation going against Chinese crypto bans.

Chinese electric vehicles (EVs) have sent a scare in the US and Europe. Many have predicted doomsday scenarios. The Alliance for American Manufacturing has said that government subsidized Chinese EVs “could end up being an extinction-level event for the U.S. auto sector". Earlier this year, Tesla CEO Elon Musk told industry analysts Chinese EVs are so good that without trade barriers, “they will pretty much demolish most other car companies in the world.” The US has decided to shield itself from the Chinese EV onslaught. President Joe Biden has announced a series of new and increased tariffs on several Chinese-made goods. He quadrupled the tariff on electric vehicles made in China from 25% to 100%. Chinese lithium-ion batteries for electric cars will now face a 25% tariff, up from 7.5%. Since many European car makers manufacture in China and sell in Europe, they are appealing against similar tariffs on Chinese EVs. Also Read: China may dump EVs, batteries into India with higher US tariffs: GTRI

Shares of Chinese property developers surged on rising expectations that government entities in China are moving to help buy up excess housing in a bid to revive the struggling real-estate sector. The Hang Seng Mainland Properties Index, which tracks Chinese property developers listed in Hong Kong, was up 5.6% in afternoon trading Thursday.

Nehru and the Congress, External Affairs Minister S Jaishankar on Thursday said India lost its hold on Pakistan-occupied Jammu and Kashmir (PoJK) due to «someone's weakness or mistake». Jaishankar made the remarks while addressing a programme event titled 'Vishwabandhu Bharat' To a question on what would China's response be if India crossed the 'Lakshman Rekha' and integrated PoJK to the Union of India, given that the China-Pakistan Economic Corridor passes through Pakistan-occupied Gilgit Baltistan, the External Affairs Minister said, «I don't believe there's any such thing as a 'Lakshman Rekha'. I think PoJK is a part of India, and due to someone's weakness or mistake, it's temporarily slipped away from us.»

₹209, China Mobile's Arpu is about ₹550. However, before investors get excited about Airtel’s Arpu catching up, they should note the significant difference in per capita income. In 2023, China’s per capita income stands at $12,500, nearly five times that of India, driven by the size of its economy.

Hindalco Industries , Vedanta , National Aluminium Co. Ltd (Nalco) share prices have risen 54-133% in last one year. While Hindalco Industries share price scaled 52-week highs on Thursday, Vedanta and National Aluminium Co.

Editor’s note (March 13th 2024): This piece has been updated. TikTok’s videos keep its users up late into the evening. Now the app’s links to China are causing politicians to lose sleep, too. On March 13th America’s House of Representatives passed a bill that would force TikTok’s Chinese owner, ByteDance, to sell the app to an owner of another nationality, or else face a ban in America.

It’s a measure of the strategic importance of the Indian Ocean Region (IOR) archipelago of the Maldives that India recently chose to host its new foreign minister, Moosa Zameer, despite the hurly-burly of Lok Sabha elections. With the Maldives’ President Mohamed Muizzu-led government already in China’s tight embrace, and the consequent turbulence in bilateral ties, India can ill-afford to cede further space to Beijing.

Beijing, China – May 16, 2024

Gold prices edged higher on Thursday, supported by a softer dollar and lower Treasury yields after data signalled cooling U.S. inflation, bolstering bets for an interest rate cut by the Federal Reserve.

Robert Fico was shot multiple times after a political event Wednesday afternoon, an episode of violence that punctuated his decades-long career in politics. His deputy prime minister Tomas Taraba later told the BBC he believed Fico would survive the attack, saying «he's not in a life threatening situation at this moment.»

A bipartisan group of four senators led by Majority Leader Chuck Schumer is recommending that Congress spend at least $32 billion over the next three years to develop artificial intelligence and put safeguards around it

New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are intended to protect U.S. jobs and manufacturers

Chinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York

Eight TikTok content creators have sued the U.S. over the new federal law that would could ban the social media platform nationwide

The Biden administration is suggesting the possibility that new penalties could be put in place if the Chinese makers of electric vehicles try to move their production to Mexico to avoid newly announced import taxes

Morocco has grown its automotive industry from virtually non-existent to Africa’s largest in less than two decades

Billionaire businessman and real estate mogul Frank McCourt says he’s putting together a consortium to purchase TikTok’s U.S. business