China Financial News

roti-kapda-makan (food, clothes, housing) troika dropped to below 50% in 2019-20, making way for other items that improve the quality of life—notably health, education, transport, communication, and recreation. A fortunate confluence of factors has the potential to seed rapid consumption growth in the coming two to three decades. First, the much-touted demographic dividend puts India at an advantage over East Asian rivals such as China and Thailand.

Also Read: Demand for Indian bonds skyrockets in recent months – 5 key reasons why The CSI 300 Index of mainland shares has gained about 13% since a five-year low reached Feb. 2. The Hang Seng Tech gauge advanced more than 4% on Tuesday, with Xiaomi Corp.

Mint Explainer: What’s behind Maldives’ new defence pact with China In January this year, Maldivian President Mohamed Muizzu asked India to withdraw its military from the archipelago island by 15 March. Muizzu swept into power in September on a campaign to reduce India’s influence on the island. Muizzu is known to share a closer relationship with China.

air passenger market by 2030, after China and the US, as per the International Air Transport Association (IATA). The aviation market, estimated at $13.5 billion in 2024, is projected to reach $23.2 billion by 2029, implying a compounded annual growth rate (CAGR) of 11.4% during 2024-2029. No nation in the world is buying as many aeroplanes as India.

₹825 crore tunnel, constructed on the road connecting Assam's Tezpur to West Kameng district of Arunachal Pradesh, is being billed as the longest bi-lane road tunnel in the world at such an altitude. The Sela Tunnel will provide for better movement of troops and weaponry to various forward locations along the Line of Actual Control (LAC) with China, according to military officials. China, which claims Arunachal Pradesh as South Tibet, routinely objects to Indian leaders' visits to the state to highlight its claims.

Shares are mostly higher in Asia ahead of a report on inflation in the U.S. that could sway the Federal Reserve's timing on cutting interest rates

The U.S. commerce secretary says Washington is constantly assessing the need to expand export controls to stop China from acquiring advanced computer chips and manufacturing equipment that can be used to boost its military

China's national congress has concluded its annual session with the usual show of near-unanimous support for the ruling Communist Party's blueprint for the year

Prime Minister Narendra Modi's visit to the picturesque Lakshadweep Islands has drawn attention to the process of applying for ILPs. This Union Territory, an idyllic paradise off the coast of Kerala, necessitates permits for all travellers, including Indians, to manage tourism numbers on these remote islands. Obtaining a permit requires submitting a clearance certificate from a local police station, along with identification documents, while online applications are also facilitated.

US House to vote on bill giving ByteDance 165 days to divest TikTok or face ban The U.S. House of Representatives is set to vote on Wednesday under fast-track rules that require two-thirds of members to vote "yes" for the measure to win passage. TikTok told Congress late Monday in a letter seen by Reuters it is "not owned or controlled by the Chinese government" and argued if the company was sold another buyer would not continue TikTok's $1.5 billion effort to protect U.S.

A South Korean law firm operator was jailed in Busan on March 11 after being found guilty of stealing clients’ money to spend on crypto investments.

Valuations of Chinese stocks are «way too low» and investors should be looking to cautiously re-enter the world's second-largest economy, according to Shaun Rein, founder and managing director of the China Market Research Group.

Barrons Roundtable discusses the price of oil and the demand for natural gas.

AI assistant for neurosurgeons at seven hospitals in Beijing and other cities in coming months, one of many initiatives the government is backing to try and harness the technology. A Hong Kong-based agency under the Chinese Academy of Sciences on Monday introduced an AI model based on Meta Platform's Llama 2.0. Researchers trained and fine-tuned the model with papers, medical journals and manuals to act as a surgery consultant of sorts for doctors, said Liu Hongbin, the center's executive director. State organs are joining private Chinese firms in developing homegrown AI in the mold of OpenAI's ChatGPT.

export controls to stop China from acquiring advanced computer chips and manufacturing equipment that could be used to boost its military, US commerce secretary Gina Raimondo said Monday. «Technology is changing faster than ever, which means we have to wake up every day and ask ourselves, 'are we doing enough?' My job is to protect the American people and to make sure there are no sophisticated technology that we have, that China doesn't have, that they can't access it and use it to enable the Chinese military,» Raimondo said. The U.S. would continue to sell semiconductors worth billions of dollars to China, Raimondo said.

Tata Motors, which harnessed increasing demand for electric cars to reclaim automotive market-capitalization leadership in India, has urged New Delhi to extend incentives on electric taxis for another three years and also include personal cars in the government's flagship demand support program FAME, citing global EV leader China's example. Tata Motors, which has seen a near-six-fold surge in its stock price through the past five years that helped establish its domestic EV leadership credentials, wants New Delhi to help replicate an enabling environment similar to that in Beijing that has pledged to support adoption of EVs until unit sales touched at least a fifth of all new cars sold. «Globally, major economies (China, Germany) have continued to support EV adoption with demand subsidies until achievement of at least 20% EV adoption,» Shailesh Chandra, managing director, Tata Passenger Electric Mobility and Tata Motors Passenger Vehicles, said in the letter dated March 9. «The Parliamentary Standing Committee on Industry had also recommended in 2023 that the Government broaden the scope and extend FAME by at least three more years to make the scheme more inclusive,» Chandra said in the letter, a copy of which has been seen by ET.

Donald Trump defended his plan to increase tariffs on Chinese imports if elected for a second term, saying he did not mind if China retaliated with tariffs of its own on US goods. «That's OK, they might do that, but they didn't do that with me,» he said.

China dominates the global electric vehicle (EV) industry today, and it is only likely to get more dominant in the future. Chinese dominance spans manufacturing, batteries, supply chains and demand. Today 60% of all EVs sold in the world are in China.

Chinese-made cargo cranes that have been flagged as a security concern by an ongoing congressional probe in the United States are widely deployed throughout Canada’s ports.

ALSO READ: Wall Street week ahead: Stock market investors to keenly watch for Feb inflation data Shares of Microsoft fell 0.8 per cent, Amazon shed 1.0 per cent, Nvidia lost 0.7 per cent, Advanced Micro Devices and Broadcom slid close to 2 per cent each, and Boeing dropped 2.2 per cent. Cryptocurrency and blockchain-related companies, including Coinbase Global, Riot Platforms and Marathon Digital, climbed between 2.7 per cent and 2.9 per cent, as Bitcoin struck a fresh record high at $72,234 on Monday. The yield on the 10-year Treasury rose to 4.09 per cent from 4.08 per cent late on Friday.

EAM S Jaishankar Exclusive: Our next guest at #Expressadda is Dr Jaishankar who has been the face of India’s diplomacy in the fast-changing world in the last five years. The first Foreign Secretary to become the Foreign Minister of the country, he has been key to shaping India’s foreign policy in the past few years, where challenges like then COVID-19 pandemic, an assertive China in India’s neighbourhood, the Russia-Ukraine war and the Israel-Hamas conflict, have upended the global world order.