China Financial News

India's move to block a China-led investment facilitation pact in the recently concluded WTO ministerial meeting in Abu Dhabi will help promote multilateral agreements in the 166-member global trade watchdog, according to experts. The ministerial conference (MC), the highest decision-making body of the World Trade Organisation (WTO), concluded late night on March 1. The talks, which were to end on February 29, got extended by almost two days due to a logjam among members on key issues like agri, fisheries subsidies and the e-commerce moratorium. International trade experts stated that India's principled stand in opposing the addition of the IFDA (Investment Facilitation for Development Agreement) into the WTO is based on its longstanding support for multilateralism. A group of over 120 nations, led by China, tried to push the IFDA to integrate into the WTO as a plurilateral agreement at the 13th MC meet in Abu Dhabi, UAE.

NEW DELHI : The governor of Argentina’s lithium-rich Catamarca province Raúl Jalil is to visit India this year, said the country’s largest state-owned mining firm Camyen, in a potential boost to in India’s lithium sourcing play. India is keen to secure assured supplies of lithium, widely used in making batteries for electric vehicles. In January this year, Camyen and India’s state-owned mining firm Kabil signed an agreement for the latter to explore and develop five lithium blocks.

China’s woes. Just over a year ago, Mr Xi abandoned his strict “zero-covid" measures, which had been in force for nearly three years and had led to ever more frequent lockdowns. But the country did not experience what Mr Xi described in his speech as a “smooth transition".

youth employment, was of «great concern» to its delegates on the eve of annual legislative meetings in Beijing. Thousands of delegates from across the country will convene in Beijing on Monday for the start of the ruling Communist Party's yearly conclave, known as the "Two Sessions".

Heavy rains that swept across Pakistan have left at least 29 people dead and 50 others injured, collapsed houses and triggered landslides that blocked roads, particularly in the northwest, authorities said Sunday. About 23 rain-related deaths were reported in Khyber Pakhtunkhwa province bordering Afghanistan since Thursday night, the provincial disaster management authority said.

In the late 1990s and early 2000s, the U.S. and the global economy experienced a “China shock," a boom in imports of cheap Chinese-made goods that helped keep inflation low but at the cost of local manufacturing jobs. A sequel might be in the making as Beijing doubles down on exports to revive the country’s growth.

cryptocurrency markets, major tokens were trading mixed on Friday. While Bitcoin fell 1.4% in the last 24 hours and traded at $61,349 around 11:24 am IST, other major cryptos such as Solana, Toncoin, Avalanche, Toncoin, and Litecoin soared up to 8%. The other laggards in the pack were Ethereum, BNB, and Dogecoin, which were down by up to 5.5%. «Following its surge to $64,000, Bitcoin is now stabilizing around $61,000, prompted by a spike in liquidations. Nevertheless, Bitcoin has already set new records highs in local currencies across numerous countries, including China, Japan, the UK, India, Argentina, Turkey, Egypt, and more showing demand and resilience,» said Edul Patel, CEO of Mudrex.

Taiwan's foreign ministry strongly criticized China's response to an interview featuring Taiwan's Foreign Minister Joseph Wu with an Indian media outlet, asserting that “we are not puppets of the People's Republic of China." Earlier on Saturday, the Chinese embassy in India expressed concern regarding an Indian media channel's interview with Taiwan Foreign Minister Joseph Wu, accusing it of allowing him to promote ‘Taiwan independence.’ The Chinese embassy issued a statement condemning certain Indian TV channels for airing an interview with Taiwan's Foreign Minister Joseph Wu on February 29, 2024. The embassy criticized the interview, and said, “Taiwan's foreign affairs office Joseph Wu, which provided a platform for him to advocate 'Taiwan independence' and disseminate false information.

semiconductor chip, that is used within the Bluetooth and Wi-Fi component of your phone, could’ve crossed international borders as many as 70 times before it reached you. And this entire process can take up to 100 days, 12 of which are spent in transit between various supply chain steps. And this is just one tiny component that makes up the lifeline of the digital world. Components are as critical as the final device. But most of the components currently come from countries such as Taiwan, China, South Korea and the US. This is going to change soon, however.

Security agencies at Mumbai's Nhava Sheva port intercepted and seized the consignment of a Karachi-bound ship from China after it was found carrying a dual-use consignment with implications for Pakistan's nuclear and ballistic missile programmes, officials said on Saturday. Customs officials, acting on intelligence, halted the Malta-flagged merchant ship — CMA CGM Attila — en route to Karachi on January 23 and, during its inspection, found that the consignment had a Computer Numerical Control (CNC) machine, manufactured by an Italian company, known for its precision and efficiency controlled by a computer system. A Defence Research and Development Organisation (DRDO) team examined the consignment and confirmed its potential usage in Pakistan's nuclear initiatives, notably in manufacturing crucial components for missile development, the officials said.

By Divya Rajagopal

Strong GDP growth and a weak monsoon drove up India's energy-related carbon emissions by around 190 million tonnes in 2023, though the country's per capita emissions remain far below the global average, the International Energy Agency said. Global energy-related carbon emissions grew by 1.1 per cent in 2023, increasing 410 million tonnes (Mt) to reach a new record high of 37.4 gigatonnes (Gt) in 2023, the International Energy Agency (IEA) said on Friday. It said emissions in China grew around 565 Mt in 2023, the largest increase globally and a continuation of its emissions-intensive economic growth in the post-pandemic period. Per capita emissions in China are now 15 per cent higher than in advanced economies. However, China continued to dominate global clean energy additions.

₹3.20 per kg of wheat or rice as subsidy The permanent peace will remain in force until a permanent solution is agreed upon. India, along with other G-33 members, successfully opposed linking public stockholding of grains to broader agricultural trade reforms, preserving their right to support their agricultural sectors without facing legal challenges in the WTO's dispute system.

China said the United Nations Security Council (UNSC) reforms “should benefit all member states rather than serving the selfish interests of a few”, comments that come days after external affairs minister S Jaishankar said “one non-Western country” was blocking UNSC reforms. Chinese foreign ministry spokesperson Mao Ning on Thursday said member states need to seek the broadest possible consensus for a package solution through serious and thorough consultations when it comes to UNSC reforms.

(Reuters) — The latest black eye for Boeing's (N:BA) top-selling 737 MAX aircraft occurred in January when a cabin panel blowout forced an Alaska Airlines flight to make an emergency landing.     U.S. regulators briefly grounded certain planes for safety checks, a move less severe than the grounding of all MAX-family jets worldwide nearly five years ago following a pair of fatal crashes.

Investing.com-- Oil prices settled at near four-month highs Friday, on growing optimism about tighter global supplies as focus shifts to potential announcement by OPEC+ next week.    

Supreme Court on Friday sought a response from GMR Kamalanga Energy on an appeal by Chinese construction contractor Sepco Electric Power Construction Corp against quashing of a ₹1,100-crore foreign arbitral award that it won against the former. While the arbitral tribunal had asked GMR Kamalanga Energy in 2020 to pay ₹1,100 crore to Sepco Electric, the Orissa High Court in September last year set aside the arbitration award on the grounds that the tribunal had created a new contract for the parties «by not only re-writing large portions of the same but also disregarding certain explicit embargoes therein, which goes against the basic notions of justice». According to the Chinese company, the international commercial arbitration was governed by the 2015 amendment to the Arbitration Act which insulates arbitral awards from any challenge on merits under the «fundamental policy of Indian law» or the «patent illegality» grounds.

By Andrea Shalal

By Marc Jones, Xie Yu and Scott Murdoch

political turmoil, numerous voices have advocated for boycotting products, services, brands and even nations as a mark of protest. Take the BDS — boycott, divestment, sanctions — movement, which wants to pressure Israel to change its policies towards Palestinians through various forms of economic and political actions. It first gained international attention in the early 2000s. It has targeted global business entities such as Nestle, Burger King, Disney, Siemens, HP, Puma, Carrefour and others for supporting Israel, covertly or overtly. Many governments have also taken this route. Last year, Turkish parliament withdrew Coca-Cola and Nestle products from restaurants in parliament for supporting Israel. India has done things more subtly. It used BJP's social media arm to mobilise people to boycott Chinese products after border skirmishes, and to boycott the Maldives as a tourist destination after a minister made uncharitable remarks about India.

The deadline for virtual asset trading platform (VATP) crypto license applications in Hong Kong has passed , with the number of applicants reaching 24, a significantly lower figure than the 70 applicants seen in a similar scheme in Singapore.