China Financial News

Democratic Gov. Laura Kelly has vetoed proposed restrictions on foreign ownership of land in Kansas

Ethereum restaking protocol EigenLayer has initiated its token-claim process, commonly referred to as an “airdrop,” for Season 1, Phase 1 rewards.

tariffs is a four-fold jump from the existing 25% and comes after senior officials from US the administration expressed frustration over China’s manufacturing “overcapacity" of electric vehicles, which poses a threat to US jobs and national security. Previously, US President Joe Biden and his Republican challenger, Donald Trump, have spoken about going tough on China. This move can provide a strong footing for the Democrats to flaunt their anti-China credentials ahead of the US presidential elections in November of this year.

Chang'e-6 mission, has achieved a major milestone by sending back its first images of the sun and moon from lunar orbit. The images were unveiled during a ceremony at the China National Space Agency (CNSA) to celebrate the successful mission, as reported by The Times of India. CubeSat's Successful Mission

China General Chamber of Commerce showed that average order values contracted by the most in nine months, even though total sales expanded as customer traffic grew during the Labor Day holiday. The latest data showed “economic momentum and social demand have continued to recover," said Bruce Pang, chief economist for Greater China at Jones Lang LaSalle Inc.

Read more Tata Motors announced its January-March quarter results for fiscal 2023-24 (Q4FY24), reporting a surge of 222 per cent to ₹17,407.2 crore, compared to ₹5,400 crore in the corresponding period last year. India's most valuable carmaker beat D-Street estimates as it reported a more than three-fold increase in net profit driven by a tax credit surge and strong performance across all its auto businesses. Read more Air India Express has sacked around 25 employees after they did not report to work on Wednesday, May 8.

Tim Cook and Satya Nadella, who last month embarked on their biggest tours across Southeast Asia in years. The investments they pledged are set to help turn the region into a major battleground between the likes of Amazon, Microsoft and Google in future frontiers such as artificial intelligence and the cloud. The region’s growing workforce is making it a viable alternative to China as a center of talent to support companies’ global operations.

US IPO activity. Since then, listings on New York exchanges by China-based companies have been small and rare. Zeekr’s valuation suffered in the aftermath, too.

₹72,722 per 10 grams. The yellow metal opened at ₹71,730 level and gained over ₹1,000 during the day to hit a high of ₹72,888 led by strong demand on account of Akshaya Tritiya. MCX silver price closed 0.09% higher at ₹84,984 per kg after opening at ₹84,761 and hitting a high of ₹85,812 during the day.

Chinese smartphone brands are seeing volumes go up once again after falling from a peak in 2020, despite continuing government scrutiny. But their cumulative revenue share is falling amid the strengthening premiumisation trend as iPhones and Samsung devices are favoured by customers at the top end. The cumulative market share of Chinese smartphone brands — Xiaomi, Vivo, Oppo, Realme, Transsion, Motorola — rose to 75% in the March quarter, after hitting a low of 61% in the July-September period, according to Counterpoint Research. This was achieved on the back of a shipment rebound by the top brands such as Xiaomi and Vivo after a few tepid quarters in 2023 due to low demand and inventory bottlenecks, the research firm said. It added that smaller brands such as Motorola and Transsion have also expanded their footprint in the market.

A top Baidu public relations executive has reportedly departed the Chinese technology company after she drew public outcry over comments that were seen as glorifying a culture of overwork

Hond has reported that its profit for the fiscal year through March jumped 70% as its vehicle sales grew and a weak yen buoyed overseas earnings

An annual survey of more than 500 European companies has found that slowing growth in China is weighing on company plans to expand their businesses in the world’s second largest economy

The Biden administration is planning to announce new tariffs on electric vehicles, semiconductors, solar equipment and medical supplies imported from China

from Chinese spying. The Kansas House's top GOP leader accused Gov. Laura Kelly of “apathy" toward serious national security threats from China and other nations declared by the U.S.

tariff concessions under its proposed free trade agreement (FTA) talks with the five-member Eurasian Economic Union (EAEU). Engineering goods, electronics and agriculture are expected to benefit from the agreement and the government asked the industry to identify restrictions, if any, that they face in the five members of the EAEU including Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia. «The two sides have met and discussed initiating formal talks for the pact,» an official said, adding that in the light of this development, inputs have been sought from industry on barriers and products in which the country wants to achieve self-reliance. New Delhi's concerns stem from the fact that India's exports to the union in April-January FY24 were $3.7 billion while imports were $51.7 billion due to crude oil imports from Russia. Moreover, the bloc has signed free trade pacts with China, Vietnam, Serbia and Iran, which could impact Indian industry's competitive position in any of the EAEU markets.

Vivo X Fold 3 Pro is scheduled to launch in India in early June. If this information proves accurate, it would mark the first time a Vivo foldable phone has been made available in global markets. Unlike its predecessors, such as the Vivo Fold 2 and Fold+, which were limited to China, the Vivo X Fold 3 Pro will now compete with other foldable offerings in India, including Samsung's Galaxy Z Fold 5, OnePlus Open, and Tecno Phantom V Fold.

Eduard Jubany Tur, the founder of ZKX, a decentralized perpetual futures exchange on Starknet, sat down for an exclusive interview with Cryptonews Podcast.

Arvind Kejriwal walked out of Tihar Jail on Friday after the Supreme Court granted interim bail till June 1. Tata Motors reported a three-fold jump in consolidated net profit (to ₹17,528.59 crore) in the final quarter of FY24. Meanwhile Israeli Prime Minister Benjamin Netanyahu insisted that the Gaza war would continue with or without US support.

Vedanta plans to leverage the Tokyo-based company’s technology and manufacturing capabilities to establish its own display fabrication unit in Gujarat. The aim is to meet both Indian and global demand for electronic devices, while also fostering a local hi-tech electronics manufacturing industry. “As a wholly-owned subsidiary, AvanStrate will serve as a strategic asset for Vedanta as the conglomerate looks at playing a critical role in India’s journey towards becoming self-reliant in electronics manufacturing," said Akarsh Hebbar, global managing director, AvanStrate Inc.

A Hong Kong businessman and his son have surrendered to police in connection with the abduction of a cryptocurrency investor, according to a local news outlet, the South China Morning Post, citing sources familiar with the matter.