China Financial News

BEIJING — Chinese smartphone company Xiaomi said Thursday it will sell its first car for far less than Tesla's Model 3, as price wars heat up in China's fiercely competitive electric car market.

Republican legislators in Kansas have advanced proposals to limit the state's involvement with individuals and companies from China and other U.S. adversaries

Xiaomi, a maker of smart consumer electronics in China, is joining the country’s booming but crowded market for electric cars with a sporty high-tech sedan

₹24.90 lakh), the Xiaomi SU7 undercuts the Tesla Model 3 in China. The company has announced that deliveries of the SU7 will commence this month, with the EV already on display in various showrooms across China, generating considerable interest among potential buyers. The SU7, short for 'Speed Ultra,' comes in four variants: an entry-level version, a Pro variant, a Max version, and a limited Founders Edition.

Some of China’s biggest developers are doubling down on asset management and investment property rather than home building, seeking more stable sources of income as hopes for a turnaround in the country’s real-estate sector fade. That shift, an effort to boost profit stability after years of weak property sales and tightened sector regulations in the world’s second-largest economy, should give investors a clearer road map into earnings while also boosting company valuations and financial health, analysts say. At the front of the drive are China Resources Land and Longfor, two developers with mature investment properties that include some of the biggest shopping malls in China.

Blackstone Chief Executive Steve Schwarzman said the private credit industry will expand further even as critics warn of a bubble developing in the asset class. 

lithium and copper resources, a government source said, as rapid economic expansion and New Delhi's efforts to speed up the energy transition stoke demand for critical minerals. Chile is a key target as it is the world's biggest supplier of copper and the second-biggest producer of lithium, which are essential for electric vehicle batteries and renewable energy systems in the push away from fossil fuels. As part of India's drive to explore overseas for mineral assets, state firms National Aluminium Company, Hindustan Copper and unlisted Mineral Exploration and Consultancy have set up a company called Khanij Bidesh India (KABIL).

Rajnath Singh on Thursday said India and its borders are «totally secure» and the people of the country should have full faith in the armed forces. During a fireside chat on the concluding day of the Times Now Summit here, while responding to a question on the criticism of the Agniveer scheme, the minister said such questions have «no standing» and underlined that everyone will accept that the armed forces should have a young profile. During the event, the Union minister also shared anecdotes from his nearly 50-year-long political journey. Asked how he reacted to questions raised by many, including members of the opposition, on the India-China border issue, Singh said they never made him uncomfortable.

Chinese leader Xi Jinping has called for closer trade ties with the U.S. during a meeting with top American business leaders in Beijing

WuXi AppTec had transferred US intellectual property to Beijing without consent, according to two sources. The US government is concerned that certain Chinese biotech companies are contributing technology or research and development for use by China's military, and the proposed legislation would restrict US government funds going to those Chinese companies.

arguing recently in The Economist that even more brutal tariffs might be “necessary". Lighthizer’s heavy blow The German Economic Institute, a think-tank, has calculated the possible impact. Imagine America applies 10% tariffs on its imports and punishes China with even higher tariffs.

China hinges on the conventional deployment of troops, which will serve as a necessary condition for shaping the future relationship with Beijing. “My first duty to Indians is to secure the border. I can never compromise on that," Jaishankar said while responding to a question on the current state of India's relations with China during his interaction with the Indian diaspora here in the Malaysian capital, as reported by PTI.

Shriram Finance to replace UPL in Nifty50 from Mar 28 · UP: Varanasi Court to hear Gyanvapi plea on Mar 28 · Maharashtra: Remaining candidates of Mahayuti alliance to be declared on Mar 28 · Maharashtra: Dismantling Of Sion Road Over Bridge to commence Mar 28 · Nagaland: ENPO to conduct an emergency meeting on Mar 28 · Maharashtra: BCCI to conduct women's red-ball tournament in Pune from Mar 28 · Karnataka: Suryakumar Yadav's fitness test at National Cricket Academy Mar 28 · Xiaomi's electric car will launch in China on Mar 28 · Alia Bhatt to host her first charity gala in London Mar 28 · Bhutan King to visit Kurigram in Bangladesh on Mar 28Milestone Alert! Livemint tops charts as the fastest growing news website in the world

BEIJING — China's economy is ending the first quarter on a «strong» note, according to a business survey published by the China Beige Book on Thursday.

China has won a nearly three-year-long dispute with Australia at the World Trade Organization over tariffs on steel products that began during a low point of bilateral relations between the countries

BJP — whether it was on Article 370, CAA, agri laws or electoral bonds — and will improve its performance electorally in the upcoming polls, CPI (M) General Secretary Sitaram Yechury said here. In an interview with PTI, Yechury also asserted that the Bharatiya Janata Party (BJP) will not be able to make a dent in the southern states. Facing a shrinking voter base, the Left parties, which are part of the opposition INDIA bloc, are virtually engaged in a do-or-die battle in the upcoming Lok Sabha polls. With just five MPs in the outgoing Lok Sabha — three of the Communist Party of India (Marxist) and two of the Communist Party of India (CPI) — the Left parties are at their lowest in almost six decades.

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Chinese leader Xi Jinping has told visiting Dutch Prime Minister Mark Rutte that attempts to restrict China’s access to technology will not stop the country’s advance

A person familiar with the matter says the Federal Trade Commission is investigating TikTok over its data and security practices

Treasury Secretary Janet Yellen is calling out China’s excess production in green energy, calling it unfair competition that “distorts global prices” and hurts companies and workers around the world

3 Body Problem" has caused debate ad discussions around the world. Now the official numbers are out and the show has not become numero uno viewed one on the OTT streaming giant. Debuting as a formidable contender in the realm of English-language series, «3 Body Problem» made an impressive entrance, securing the position as the second most-watched series. With a staggering 81.70 million hours watched, the show garnered the attention of millions, translating to an astounding 11 million views. It has made it to the top 10 viewed show in 93 countries, as per a report in WhatsOnNetflix.