China Financial News

Italian police say that underpaid and exploited Chinese workers working for an unauthorized subcontractor made handbags and accessories for the Giorgio Armani fashion house

The U.S. treasury secretary has called for a level playing field for American companies and workers as she opened a five-day visit to China in a major industrial and export hub

India are expected to rise 66% this year after nearly doubling in 2023 as state subsidies help fuel demand and supporting infrastructure comes up in the country, according to research firm Counterpoint. WHY IT'S IMPORTANT The rapid growth in sales comes at a time when EV growth in other key markets such as the United States and China are slowing.

Maldives, the government said on Friday, even as ties between Male and New Delhi remained tense amid rising Chinese influence. India, a leading exporter of rice, sugar and onions, has imposed various curbs on exports of these food commodities to keep a lid on local prices ahead of general election. Shipments of these commodities in the 2024/25 finiancial year which started on April 1 to Maldives «will be exempted from any existing or future restriction/prohibition on export,» the government said in a notification.

The two app developers based in China and Hong Kong were accused by Google for uploading 87 false apps and tricking over 100,000 people to download them since 2019. Google estimates that victims lost between $100 to tens of thousands of dollars each.

BEIJING — Chinese electric car company Nio has been expanding its battery swap partnerships in a bid to gain an edge on the infrastructure side of the EV ecosystem.

Bilquis Mir from Jammu and Kashmir is set to become the first woman from India to represent the country as a jury member at this year's Summer Olympics, which is to be hosted by Paris from July 26 to August 11. Gir's appointment as a jury member for the Paris Games was official conveyed through a letter from the Indian Olympic Association (IOA) to the Jammu and Kashmir administration. «Bilquis Mir, water sports promoter, developer, athlete, jury member of Indian Kayaking and Canoeing association has been nominated as the member of the jury to officiate at the Paris Olympics games. She is the first person from India to be appointed as a jury member at the Paris Olympics,» the IOA stated in the letter to the Jammu and Kashmir administration.

Huawei of misleading banks about the tech company's business in Iran, among other charges, is heading toward a January 2026 trial. At a status conference on Thursday in Brooklyn, New York, Assistant US Attorney Alexander Solomon told US District Judge Ann Donnelly that «settlement discussions ended in an impasse. We believe it would be prudent to schedule a trial date.»

geopolitical tensions put a dent in risk sentiment, while traders were also cautious ahead of U.S. jobs data due later in the day. The threat of supply disruptions owing to a prolonged conflict in the Middle East kept Brent futures above $90 a barrel — a level not seen since last October. [O/R]

Tesla’s much-anticipated entry into the Indian market, which had been under negotiation for half a decade or so, finally seems to be in acceleration mode. The company will reportedly send executives later this month to scout for sites in India where an electric-car factory with an investment of $2-3 billion could be set up.

Mint, Mark Hoplamazian, the global president and chief executive, outlined the company's strategy, emphasizing the importance of catering to its core clientele: high-end guests. Aligned with its strategy, Hyatt plans to introduce Miraval Resorts and Spas to India, recognizing the demand for luxury brands in the region, he added. “The brand will be perfect for India.

Treasury Secretary Janet Yellen has arrived in a China for five days of meetings in a country that's determined to avoid open conflict with the United States

record high of $2,304.09 earlier in the day. US gold futures declined 0.3 per cent to $2,308.30. Spot silver fell 1.2 per cent to $26.88 per ounce after hitting its highest since June 2021 --nearly a three-year high.

survey of around 19,000 respondents conducted in 19 countries shows that 80 per cent support cutting plastic production to save biodiversity and the climate. Around 80 per cent of the participants are concerned about the impact of plastic on the health of loved ones, according to the survey conducted by the independent environmental network Greenpeace International in January and February. The survey collected responses from 19,088 participants from the UK, the UAE, Canada, India, Brazil, Egypt, Germany, Mexico, South Africa, Philippines, Indonesia, Japan, Thailand, South Korea, China, Malaysia, Austria, Norway and the US. The survey shows strong support for cutting the production of plastic, with more than eight in 10 people (82 per cent), and for protecting biodiversity and the climate by reducing plastic production (80 per cent).

3 Body Problem launched on Netflix with high aspirations based on its star-studded cast and characters that include the Game of Thrones showrunners. But, as fate has it, the science fiction series is facing criticism from viewers based in the Asian region for setting its storyline along the United Kingdom but the original story was based in China. Moreover, the story of 3 Body Problem is based on a Chinese setting but the adaptation of it in the science fiction series involves a diverse cast that mostly depicts the West in the storyline.

Mallikarjun Kharge on Thursday launched a blistering attack on Prime Minister Narendra Modi, calling him a "sardar of liars" and accusing him of «sleeping» after taking opium while China «entered» Indian territory. Addressing an election rally in Rajasthan's Chittorgarh, he said Modi does not think for the country but is busy only abusing the Gandhi family whose members sacrificed their lives for the nation. «Modi says 'I have a 56-inch chest, I will not be scared'. If you are not afraid then why have you left a large part of our land for China. They are coming inside and you are sleeping. Have you taken sleeping pills? Have they taken opium from the fields of Rajasthan… and fed you?» he said in Hindi. «Modi kehate hain 56 inch ki chhati hai, main nahi darunga. Agar nahi darte to fir China ko hamare bahut saa bhag kyo chhode? Wo andar ghus kar aa rahe, aap kya neend kar rahe ho? Kya neend ki goli khaaye ho? Kya Rajasthan ke kheton me se afeem le jaake'… ya wo khilaye hai kya?» Kharge alleged the prime minister is not concerned about the country but he is busy abusing the Gandhi family. «He wants to take the people of the country with him by torturing them. He always keeps lying,» Kharge said. «Modi is 'sardar of liars'.»

A diplomatic standoff with China over border issues since 2020 has resulted in an accelerated push for curbing imports and boosting local supply chains. China is the world's largest exporter of solar modules.

CAIRNS, Australia—Standing on the bridge of a 270-foot U.S. Coast Guard cutter, Lt. Channing Meyer listed the recent upgrades to the 40-year-old ship.

Ford Motor said it is delaying the launch of a new three-row electric vehicle, which will buy time for the consumer market for EVs to further develop. The carmaker now expects to launch the new EV in 2027, delayed from a previous target date of 2025. Ford said it will still produce the EV at its Oakville Assembly Plant in Canada, which Ford is planning to overhaul from gas-vehicle production to an EV manufacturing plant.

Gold set another record above $2,300 an ounce on the likelihood the Federal Reserve will cut interest rates this year and sustained demand from central banks.

PMLA). The CPI(M) appealed to voters to defeat the BJP, strengthen the Left, and ensure the formation of an alternative secular government at the Centre. In its manifesto, the party pledged to fight for «an uncompromising adherence to the principle that religion is separated from politics». «The CPI(M) stands for the scrapping of all draconian laws like UAPA (Unlawful Activities (Prevention) Act) and PMLA,» the manifesto stated.