China Financial News

Trump gets re-elected in November and implements his promise of imposing a 60% tariff on Chinese imports? A step like that would affect the economies of many countries, including India, as new opportunities as well as challenges would arise. So far, Beijing has been silent about how it will deal with this possible Made-in-America challenge. Premier Li Qiang recently presented his 'work report', the Chinese version of a budget speech, without revealing much about the country's economic strategy to deal with this and other issues. Chinese leaders are watching the evolving situation within its own economy and the US political scene, instead of rushing to formulate new policies. CPC has also not held its third plenum to formulate economic policy for 2022-27. The party holds seven plenums on different issues every five years, and the third one is reserved for discussion on economic matters. Silence on the part of authorities is giving the impression that Xi Jinping, who also happens to be party general secretary, is ending the tradition.

China’s exports and imports for the first two months of the year beat estimates, an indication that demand may be improving as Beijing attempts to speed up its economic recovery

The Justice Department is stepping up its focus on artificial intelligence

Australian and Vietnamese prime ministers have discussed ways of improving an already booming economic relationship, as part of Australia’s strategy to diversify trade away from China

interest rate cuts could be delayed capped gains, though upbeat Chinese trade data augured well for demand in the world's top oil importer. Brent crude futures were down 58 cents or 0.7% to $82.38 a barrel by 1417 GMT, while U.S. West Texas Intermediate crude futures inched down 67 cents or 0.8% to $78.46 a barrel.

Deloitte has recently predicted a significant 13% growth in the production of vital chips across various industries this year.

By David Shepardson

China and the Maldives have signed an agreement paving the way for greater Chinese military assistance to Male. While the details of the agreement are remain unclear, The agreement, details of which are still unclear, follow a string of decisions in recent months by president Mohamed Muizzu’s government to reduce his country’s reliance on India. Mint takes a look.

CareEdge Ratings, a knowledge-based analytical group, whose parent company is Care Ratings. CareEdge Ratings expects the demand in the near term to remain subdued and no significant recovery in the segment during FY25. As per the report, in the medium term, CPD exports from India will be influenced by economic recovery in consumption markets, geopolitical landscape, and customer preference for diamond jewellery in the discretionary spending space. The entities with prudent debtors and inventory management are expected to sail the tough tide.

BEIJING (Reuters) -China's export and import growth in the January-February period beat forecasts, suggesting global trade is turning a corner in an encouraging signal for policymakers as they try to shore up a stuttering economic recovery.

Investing.com-- China’s trade surplus grew more than expected in the first two months of 2024, boosted in part by some resilience in export demand, while imports were also buoyed by increased holiday spending. 

Investing.com-- Most Asian stocks fell on Thursday as Federal Reserve officials offered differing signals on U.S. interest rates, while Japanese shares slid from record highs amid speculation over a Bank of Japan pivot.

Investing.com-- Oil prices fell slightly in Asian trade on Thursday, cutting short a recent rally as markets awaited more cues on demand from top importer China.

artificial intelligence (AI) technology from the tech giant while secretly collaborating with two Chinese companies, as per an AP report on March 6. Ding, 38, a Chinese national, was apprehended in Newark, California, and faces four counts of federal trade secret theft. Each count carries a potential sentence of up to 10 years in prison.

By Gilles Guillaume

By Stella Qiu

(Reuters) — Oil prices ticked higher on Thursday after U.S. crude inventories rose less than expected last week and fuel stocks saw large draws.

Private market investors are growing in confidence as headwinds ease and are preparing to increase their deployments during this year.

Investing.com-- Australia’s trade balance grew slightly less than expected in January, as growth in the country’s exports cooled amid slowing demand for its biggest commodity shipments, while imports remained steady. 

We have entered a period of intensifying geopolitical rivalries and conflicts. Russia’s war on Ukraine is now in its third year; the Israel-Hamas conflict could still become a regional war; and the deepening Cold War between the US and China may yet turn hot over Taiwan later this decade. If Donald Trump wins the US presidential election in November, the world will be even further destabilized.

The Justice Department says a former software engineer at Google has been charged with stealing artificial intelligence technology from the company while secretly working with two companies based in China