China Financial News

action plans for around 20 agricultural products including banana, mangoes, potato and baby corn to boost their exports and these are likely to be ready in the next 3-4 months. “We have identified 20 products. At present, India’s share is low in global exports. We are working on a detailed action for all these products,” said Rajesh Agarwal, additional secretary, department of commerce, adding that the action plan will be discussed with all the stakeholders including states for further action. Fresh grapes, pomegranate, watermelon, guava, green chilly, capsicum, okra, garlic, onion, groundnut, alcoholic beverages, cashew nut, buffalo meat, jaggery, natural honey, and ghee are the other products included in the exercise as India aims to increase its share in global exports to 4-5% in the next few years from 2.5% now.

Chinese banks off the global financial system, in the hopes of stopping Beijing's commercial support of Russia's military production, the Wall Street Journal reported on Monday, citing people familiar with the matter. With Secretary of State Antony Blinken due to visit China this week, it remains to be seen whether this financial threat will dent the China-Russia trade enabling Moscow to rebuild its military after losses in Ukraine, the report said. Blinken on Friday criticized Chinese support for Russia's defence industry, saying Beijing was the key contributor to Moscow's war in Ukraine through its provision of critical components for weaponry.

Finally, the United States’ polity has found the resolve to pass a much-delayed aid package for Ukraine after wrangling over it for months, even as the situation for Ukraine has been going from bad to worse on the battlefield against Russia. This much-needed $61 billion package, which includes air defence systems, mid- to long-range missiles and artillery shells, along with more than $9 billion of economic assistance, got the approval of the US House of Representatives last week by 311 votes to 112.

It seemed to be a great deal at the time: Swap an aging townhouse and a small piece of farmland for five apartments and two stores. Bella Zhao’s family grabbed that offer in 2009, when property developers led by Wanda Group moved into their sparse, snow-capped village in China’s northeastern Jilin province. Wanda planned to spend $2.8 billion to turn the area into a high-end resort replete with ski slopes, golf courses, hunting spots and five-star hotels.

Sensex rallied 599.34 points, or 0.83%, to close at 73,088.33, while the Nifty 50 settled 151.15 points, or 0.69%, higher at 22,147.00. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — April 22 “Markets are likely to see volatility in a broader range on the back of divergent cues. On the negative side flare-up in geo-political tension in the Middle East, hawkish US Fed comments, and FIIs selling are making investors restless.

Apple's smartphone shipments in China tumbled 19% in the first quarter of the year, the worst performance since 2020, as its dominance in the high-end segment came under pressure from Huawei's [HWT.UL] new product launches, market data showed. Apple's share in the world's biggest smartphone market fell to 15.7% in the first quarter from 19.7% a year earlier. That put it almost level with Huawei, which saw sales jump 70%, according to research firm Counterpoint.

The Mountains Are High. By Alec Ash. Scribe; 272 pages; £16.99 In January 2020 Alec Ash, an English writer living in Beijing, arrived in the small mountain town of Dali in south-western China.

chess legend was 22 when he qualified in 1984 to challenge his fellow countryman, Anatoly Karpov, making Kasparov the youngest challenger at the time. “Congratulations! The Indian earthquake in Toronto is the culmination of the shifting tectonic plates in the chess world as the 17-year-old Gukesh D will face the Chinese champion Ding Liren for the highest title," wrote Kasparov on 'X', obliquely referring to the Russian domination of the past.

Iran-Israel lesson: Effective missile defence is costly and could be risky too Xi’an Longde Technology Development Company Limited, supplied missile-related equipment, including a filament winding machine, to Pakistan’s long-range ballistic missile programme that we assess was destined for NDC. Filament winding machines can be used to produce rocket motor cases.

TikTok ban in the US could soon become a reality after The House of Representatives passed a bill that have provisions to make social media inaccessible in America if Chinese investments are not divest of. The bill makes a strong case for stringent law, as per a report New York Post. The TikTok legislation, which was included in a package of bills that would send aid to Ukraine and Israel, could become law as soon as next week if the Senate moves quickly.

The House has passed legislation that would ban TikTok in the United States if the popular social media platform’s China-based owner doesn’t sell its stake within a year

American Intelligence Journal, Virginia Kent of the State Department and Robert Gay of the National Intelligence University in Maryland wrote of a “bloodless coup" by Chinese money-handling organisations, noting how, in recent years, they have largely displaced home-grown ones in Mexico that were previously used for this purpose. The authors (expressing their personal views) called these Chinese operators “a new and more challenging money-laundering foe". The American government has been sounding the alarm.

supermajority" in Parliament by winning over 60 seats in Sunday's crucial parliamentary election, seen as a litmus test for the pro-Beijing politician whose policies are being closely watched by both India and China amidst regional power dynamics. According to information released by the Elections Commission (EC), 207,693 people cast their ballots as of 5:00 pm local time, making for a voter turnout of 72.96 per cent. This includes 104,826 men and 102,867 women. A total of 284,663 people were eligible to vote to elect lawmakers for 93 constituencies in the 20th People's Majlis. A total of 368 candidates were in the fray, including 130 independent candidates, 10 candidates from Jumhoory Party (JP), 39 from The Democrats, Maldives Development Alliance (MDA) 4, Adhaalath Party (AP) 4, and Maldives National Party (MNP) 2 nominees.

NEW DELHI : New Delhi: International crude oil prices fell on Monday amid global growth concerns and improving crude inventory in the US. It also helped that Israel's retaliatory attack on Iran was smaller than had been feared. At 10.32 am, the June contract of Brent on the Intercontinental Exchange was trading at $86.50 per barrel, lower by 0.90% from its previous close.

Gukesh scripted history by winning the Candidates Chess Tournament here to become the youngest ever challenger to the world title, bettering a record created by the legendary Garry Kasparov 40 years ago. Gukesh played out an easy draw with American Hikaru Nakamura in the 14th and final round to finish with nine out of a possible 14 points in the tournament that is held to decide the challenger to the world champion. The triumph entitles Gukesh a clash against reigning world champion Ding Liren of China in the last quarter of the year. The Chennai-based teen bettered Kasparov's record by quite a distance as the Russian great was 22 when he qualified in 1984 to clash with compatriot Anatoly Karpov.

Maldives voted on Sunday to elect a new Parliament as a MDP victory in the House will enable it to keep a check on the Muizzu’s administration’s steps impacting New Delhi’s interests in the region. As many as 368 candidates are contesting on 93 seats in the parliamentary election MDP had a majority in the last Parliament. China is also keeping a close watch on the elections. This month, President Md Muizzu awarded high-profile infrastructure contracts to Chinese state-owned companies including airport redevelopment plan as campaigning for the parliamentary elections was in full swing.

TikTok on Sunday repeated its free-speech concerns about a bill passed by the House of Representatives that would ban the popular social media app in the U.S. if Chinese owner ByteDance did not sell its stake within a year. The House passed the legislation on Saturday by a margin of 360 to 58. It now moves to the Senate where it could be taken up for a vote in the coming days. President Joe Biden has previously said he would sign the legislation on TikTok.

victory in five races this season and his 23rd in the last 27 extending through last season. Only a brake failure last month at the Australian GP in Melbourne probably kept him from sweeping all five. Verstappen trailed for only a few laps following a pit stop. Lando Norris of McLaren was about 14 seconds behind Verstappen in second — the eighth time he has been No. 2 in his career as he still seeks his first victory. Verstappen's Red Bull teammate Sergio Perez was third.

Tesla has announced significant price cuts for its electric vehicles (EVs) in key markets, including China and Germany, as it grapples with declining sales and heightened competition. This move follows price reductions in the United States and comes on the heels of the company reporting a drop in global vehicle deliveries for the first time in almost four years. Price Adjustments to Boost Sales The price cuts aim to stimulate demand and regain market share in the face of increasing competition, particularly from more affordable Chinese EV manufacturers. Tesla has been facing challenges in maintaining sales momentum, and these price reductions are seen as a strategic response to current market dynamics.

Edition reported that the ruling PNC won 50 out of the 93 seats in the 20th People's Majlis, winning majority in parliament. As per the report, the majority in parliament is achieved by winning more than half the seats — that is 47 seats — "and a super majority can be reached by three fourth of seats, amounting to 70". Meanwhile, sun.mv reported that of the 203 seats where counting is complete, the PNC led by Muizzu bagged 59 seats, followed by Maldivian Democratic Party (MDP) at 10 seats and Independents nine seats.

Indian tourists ditch Maldives as numbers drop 40%; China arrivals up by... With Muizzu's anti-India remarks, several Indians have boycotted tourism-dependent Maldives as their holiday destination. According to recent Maldives government statistics, the number of Indian tourists has fallen, dropping that country from being the top source of foreign visitors to Number 6.