China Financial News

China’s economic growth target for this year is around 5%, in line with last year’s performance despite forecasts for a slowdown

The Chinese government says it is eliminating an annual news conference by the premier that was one of the only times a top Chinese leader took questions from the news media

BRUSSELS: The European Union should support struggling European manufacturers of solar panels, but cannot close its borders to imports of such products, EU energy policy chief Kadri Simson said on Monday. Factory closures among Europe's few solar panel makers have prompted the industry to seek emergency support from Brussels — potentially including trade restrictions on cheap Chinese imports that European companies have struggled to compete with. However, Simson ruled out cutting off imports, which she said could compromise the EU's ability to install enough solar energy capacity to meet climate targets. Most solar panels and parts deployed in Europe are imported from China.

Mint breaks down his agenda. Jaishankar will first travel to Seoul, where he is expected to chair the 10th India-Korea Joint Commission Meeting with the new South Korean foreign minister Cho Tae-yul. At previous meetings, the two countries have focused on supply-chain security and collaborating on advanced technologies.

Digant Haria, Co-Founder, GreenEdge Wealth, says once more details of the merger come out, most of the people would like to be in the passenger vehicles part of the demerged business, the one which is doing well and that has a lot of potential. The CV finance division and the CV division, both will be a part of the same entity. That is something which is very, very cyclical and which has given pain to this company in the past as well. So yes, excitement will be there. But the long term story is still with the passenger vehicle part. What is it that you have made of the Tata Motors demerger and what should investors who own Tata Motors shares now look forward to? Digant Haria: The best part about Tata Motors still remains the success in the domestic premium car market. Electric vehicles are still only a story. And China has already taken a big lead in electric vehicles. Even Tesla is struggling. So the story here still is about passenger vehicles and we all know that commercial vehicles (CVs) are deeply cyclical. So once more details of the merger come out, most of the people would like to be in the passenger vehicles part of the demerged business, the one which is doing well and that has a lot of potential.

barriers to commerce, ensure stability through global accords and enforce the rules came under renewed criticism following a chaotic and contentious meeting of its top officials. The 13th ministerial conference in Abu Dhabi last week laid bare an uncomfortable truth: For an organization that needs all 166 member countries to agree, the WTO again struggled to muster even a small win. Those are only getting messier and harder to pull off in an era of two armed conflicts, widening geopolitical gulfs and a realignment of the trading ties that bind the postwar economic order. Meetings in the capital of the United Arab Emirates — positioned both geographically and geo-economically between US-European Union and China-Russia alliances — were dominated by disorder and confusion, according to several participants, who asked not to be named speaking about the private talks. They’re rarely jovial affairs, but hopes were quickly dashed that this year would be a turning point toward unity.

Investing.com-- Most Asian stocks fell on Tuesday as investors collected recent profits in the technology sector, while China’s economic outlook and plans for the year spurred little improvement in sentiment towards the country. 

By Antoni Slodkowski, Andrew Hayley and Eduardo Baptista

dollar held steady on the yuan on Tuesday as markets digested a welter of policy statements out of China, while a rebound in Tokyo inflation seemed to take Japan a step closer to the end of negative interest rates. There was more action in bitcoin, which gained 1.2% to $68,341 after surging more than 7% on Monday. The blockchain asset has benefited from flows into cryptocurrency exchange-traded funds, most notably in the United States.

(Reuters) -Advanced Micro Devices hit a U.S. government roadblock in its efforts to sell an artificial intelligence chip tailored for the Chinese market, as part of Washington's crackdown on the export of advanced technologies to the country, Bloomberg News reported on Monday.

stocks stumbled on Tuesday, dragging Asian peers with them, as investors showed their disappointment at Beijing's plans to support the economy as its week-long annual session of parliament, the National People's Congress, got underway. Equities around the rest of the region were also on the back foot following a retreat from record highs on Wall Street overnight on signs the U.S. Federal Reserve is in no hurry to cut interest rates. U.S. stock futures also pointed lower.

Investing.com-- Oil prices moved little in Asian trade on Tuesday, nursing some losses from the prior session and seeing little support as top importer China presented a middling economic growth forecast for 2024.

China will on Tuesday set a goal of five percent gross domestic product growth for the year, an official copy of a government work report seen by AFP showed, one of its lowest in decades and in line with last year. The GDP target is set to be officially unveiled later in the day at a meeting of the National People's Congress, China's parliament.

China will improve policies supporting childbirth, an official government report said on Tuesday, which also detailed plans to support a growing elderly population by raising benefits and basic pensions and pushing forward a private pension system. The measures come after China's population fell for a second consecutive year in 2023, with new births dropping to about half of those in 2016, while marriages hit a record low in 2022.

Li Qiang has announced that China's economic growth target for this year is around 5%, in line with last year's performance despite forecasts for a slowdown. The ruling Communist Party has said it is prioritizing efforts to encourage consumer spending to help drive the economy. Last year, the economy grew at a 5.2% pace, but that was after a very slow 3% annual growth rate in 2022, when the country was enduring the worst disruptions from the COVID-19 pandemic.

BEIJING (Reuters) — China's services activity grew at a slower pace in February, with business confidence moderating for the second month and firms trimming staff numbers for the first time since November, a private-sector survey showed on Tuesday.

Investing.com-- China’s services sector grew less than expected in February, a private survey showed on Tuesday, as the Lunar New Year holiday provided only a limited boost to activity amid a broader downturn in the economy.

By Georgina McCartney

Investing.com-- Advanced Micro Devices Inc's (NASDAQ:AMD) attempt to greenlight an artificial intelligence chip geared specifically towards Chinese markets was rejected by U.S. officials, Bloomberg reported on Tuesday.

By Hyunjoo Jin

Investing.com — 2024 could be a strong one for initial public offerings (IPOs), with several significant companies gearing up for their public debuts.