China Financial News
20.03 / 04:47
20.03 / 04:47
markets
NVIDIA
Nikkei
Trade
performer
electronic
reports
Asian stocks
Asian stocks muted before Fed meeting; KOSPI outperforms on AI cheer
Investing.com-- Most Asian stocks steadied in cautious trade on Wednesday as markets awaited more cues on U.S. interest rates from the conclusion of a Federal Reserve meeting later in the day.
20.03 / 03:09
Citi
security
Universities
recommendations
Schools
International
China's central bank reshuffles monetary policy committee
BEIJING (Reuters) -China's central bank said it has reshuffled its monetary policy committee to include securities regulator head Wu Qing, vice central bank chief Xuan Changneng and two new academic members.
20.03 / 02:55
Citi
Citizens
Action
security
Bill
President
rights
Hong Kong lawmakers unanimously approve security law giving government more power to curb dissent
Hong Kong’s lawmakers unanimously passed a new national security law that grants the government more power to quash dissent in the southern Chinese city
20.03 / 02:15
20.03 / 02:15
markets
economy
Sustainability
Trade
show
country
Oil prices steady at 4-½ mth highs, US inventories seen shrinking
Investing.com-- Oil prices fell slightly in Asian trade on Wednesday as traders remained cautious before more cues from the Federal Reserve, although persistent signs of tight supplies kept prices pinned near four-month peaks.
20.03 / 01:21
Manufacturing
security
economy
Trade
country
reports
EU-China trade relations are in a 'slow-motion train accident,' business group says
BEIJING — Trade tensions between Europe and Beijing will likely escalate due to China's growing ability to manufacture more cheaply in strategic industries, according to Jens Eskelund, president of the European Union Chamber of Commerce in China.
19.03 / 21:09
UPS
Citi
FIVE
BAY
Research
reports
Destinations
With $67T in liquid assets, US stays on top of the world
The United States continues to lead the globe in terms of private wealth, with affluent Americans possessing a staggering $67 trillion in liquid investible wealth, which amounts to a third of the world’s liquid assets.
19.03 / 21:01
19.03 / 18:49
markets
UPS
Platform
economy
Moodys
country
reports
S&P Global Market Intelligence revises India's FY25 growth forecast to 6.8%
2024’s growth forecast for India due to stronger than expected momentum at the start of the year. An improving global economic environment and an expected gradual easing of domestic financial conditions will support economic activity," the news platform Economic Times quoted S&P Global Market Intelligence economist as saying. The revised forecast comes days after Moody raised India's growth forecast to 8% from 6.6% in FY24 on the backs of strong domestic consumption and high expenditure from the government.
19.03 / 16:27
markets
UPS
Provident
FIVE
Tesla
testing
Mint Primer | Tesla at ₹40 lakh: Will EVs now come roaring in?
₹29 lakh) from the current 70-110% to 15% for five years but comes with a number of caveats. The reduced tariff is valid only for 8,000 cars per year and can be availed only if companies make an investment of ₹4,150 crore or $500 million towards setting up a factory within three years. There is also a clause on domestic value addition –30% domestic value addition within three years going up to 50% by the fifth year.
19.03 / 15:09
markets
CEO
Apple
economy
Qualcomm
wellness
gatherings
American CEOs Get Ready to Go to Beijing. But Who Will Receive Them?
It is the time of year when throngs of Western corporate chieftains and big-name investors descend on Beijing to pay homage to China’s leadership. This time, the focus will be just as much on who is there to greet them. Chief executives including Tim Cook of Apple, Cristiano Amon of Qualcomm, Albert Bourla of Pfizer and Stephen Schwarzman of Blackstone, as well as Bridgewater Associates founder Ray Dalio, are expected to attend the annual government-sponsored China Development Forum that starts on Sunday in Beijing, according to people familiar with the matter.
19.03 / 15:09
Provident
pandemic
President
information
Courts
Vaccines
Brazil news: Ex-President Jair Bolsonaro indicted for giving false Covid-19 vaccination data
Brazilian Supreme Court today released the federal police's indictment that alleges the former president and 16 others in his close circle provided false information into the public health database to make it appear as if they had received the COVID-19 vaccine during the pandemic. The indictment comes one year after the federal police searched Bolsonaro’s residence to investigate if the former president and his close circle provided false data into the health ministry’s database as proof of vaccination ahead of international trips.
19.03 / 14:55
markets
UPS
security
country
2020
reports
China's stock watchdog fines property developer Evergrande, slaps lifetime ban on its chairman
Troubled property developer China Evergrande Holding says Beijing's stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly falsifying its revenue, among other allegations
19.03 / 14:55
MET
Digital
economy
pandemic
Trade
country
China's foreign minister meets New Zealand counterpart, beginning trip that also includes Australia
Chinese Foreign Minister Wang Yi has begun a diplomatic tour of New Zealand and Australia, meeting with his New Zealand counterpart Winston Peters in Wellington
19.03 / 13:55
Digital
Trade
Siemens's share slump to one-year low after CFO's gloomy outlook
(Reuters) — Shares in Siemens slumped to their lowest in one year after its finance chief Ralf Thomas commented that revenues at its flagship digital industries division will be flat in the second quarter at a Bank of America conference on Tuesday.
19.03 / 13:39
Apple
Software
reports
Features
Apple reported to launch new iPad Air, iPad Pro models on March 26. Everything we know so far
Apple iPad Air and iPad Pro models could be launched in late March or early April, and the Cupertino-based tech giant could also start shipping the devices to customers in April. Meanwhile, a report from Chinese website IT Home claims that Apple could launch the new iPad range on March 26. However, the publication cites several Amazon listings for third-party cases on Amazon as the reason for the launch date.
19.03 / 13:39
markets
economy
Justice
reports
Courts
Headlines
Top 5 news of the day: From stock market crash to SC's notice to Centre on CAA -- Here's what grabbed headlines today
Sensex, Nifty 50 fell 1%- Tuesday wasn't a great day for Indian markets as the benchmark index remain in the red zone. The overall market capitalization of firms listed on the BSE dropped to nearly ₹373.9 lakh crore from ₹378.8 lakh crore in the previous session, resulting in investors collectively losing about ₹5 lakh crore in a single session. Read Full report 2.
19.03 / 13:09
Reuters
ByteDance
TikTok
Research
Experts
Schools
ByteDance researcher wrongly added to AI safety groupchat: US standards body
ByteDance was wrongly added to a group chat for American artificial intelligence safety experts last week, the US National Institute of Standards and Technology (NIST) said Monday. The researcher was added to a Slack instance for discussions between members of NIST's U.S. Artificial Intelligence Safety Institute Consortium, according to a person familiar with the matter.
19.03 / 12:11
19.03 / 10:35
Provident
Digital
Aware
ULA
information
reports
prevention
Financial
How to identify fake lending apps and avoid financial fraud
India is hailed as the third largest fintech ecosystem in the world with over 10000 FinTech firms in the country. The fintech adoption rate in India is 87% which is way above the global average of 64%. On top of that, the value of India’s Financial Inclusion Index is 60.1 as against 56.4 in the previous year. Yet, India is severely credit underpenetrated. The credit card penetration is estimated at around merely 5.5% of the population and even India’s domestic credit to the private sector at 55% of GDP in 2020 is remarkably below the world average (148%), and lowest among its Asian peers — China (182%), South Korea (165%), and Vietnam (148%).
latest developments in China
What is the current situation in China?
In China, the spotlight is on local government initiatives that spark public discussion.
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The news landscape of China is shaped by key decisions by local authorities, reflecting its specific characteristics.
