China Financial News

SAO PAULO (Reuters) — A consortium with Brazilian firm Comporte and a subsidiary of Beijing-based company CRRC was the only bidder and won an auction on Thursday for a 30-year concession to build a railway that would link the cities of Sao Paulo and Campinas.

By Emma Farge

By Phil Stewart and Idrees Ali

(Updated — February 29, 2024 11:21 AM EST)

Indian auto industry is set to invest up to $7 billion, or about Rs 58,000 crore, by FY28 to deepen localisation of advanced components from electric motors to automatic transmissions to reduce imports and capitalise on multinationals’ ‘China Plus One’ sourcing strategy. Automakers and their suppliers are likely to make this investment between FY24 and FY28, industry body Automotive Component Manufacturers Association (ACMA) said. These firms have already undertaken more than 500 localisation projects across 11 key component categories including drive transmissions and steering, engines, electricals and body chassis at an investment of over Rs 3,000 crore to reduce net imports by 5.8% (double the target of about 3%), or by Rs 7,018 crore, in the two years to FY22, as per the latest assessment on localisation programmes jointly conducted by ACMA and Society of Indian Automobile Manufacturers (SIAM).

Sanderson will lead the firm's UK intermediary and distribution efforts from London and report to head of EMEA and LatAm client group Ignacio De La Maza. He joins from Ninety One, where he was head of UK business development, leading sales and client management in the institutional and wholesale teams, as well as consultant relations. Janus Henderson taps ex-Fidelity head of APAC equities research for China role Before that, he spent over four years heading UK and Ireland sales and relationship management teams at Royal Bank of Canada. He has also held positions at JP Morgan, Citib...

For a few days in October 2023, the capital of the science fiction world was Chengdu, China

The Biden administration will investigate potential national security risks posed by Chinese-made “smart cars” that can gather sensitive information about Americans driving them

suicide rates, according to a study conducted in China. Researchers at the University of California, Santa Barbara, estimate that China's efforts to reduce air pollution have prevented 46,000 suicide deaths in the country over just five years. The team used weather conditions to tease apart confounding factors affecting pollution and suicide rates, arriving at what they consider to be a truly causal connection. The results, published in the journal Nature Sustainability, unearth air quality as a key factor influencing mental health.

% growth in the December quarter, attributed mainly to a robust growth in manufacturing and construction sectors, as it maintained its status as the world's fastest-growing major economy. However, the growth during the fiscal third quarter period was a major step up from the 4.4% recorded in the corresponding period of the previous fiscal year.

The cult franchise Drishyam is all set to go global after garnering massive success in the India and China markets. Producers Kumar Mangat Pathak and Abhishek Pathak announced the Korean remake of the thriller franchise at the Cannes Film Festival 2023, and now they have announced the franchise’s new milestone. Panorama Studios have joined hands with Gulfstream Pictures and JOAT Films to make Drishyam in Hollywood. Gulfstream Pictures, co-founded by Mike Karz and Bill Binley, have produced the romantic comedy Blended, which reunited Adam Sandler and Drew Barrymore, and the workplace comedy Upgraded, starring Camila Mendes, Marisa Tomei and Lena Olin.

national security risks and could impose restrictions due to concerns about «connected» car technology. The U.S. Commerce Department probe is because Chinese assembled smart vehicles could collect sensitive data about U.S. citizens and infrastructure and send the data to China, the White House said.

MintGenie, Mehta said that before you begin investing in any asset class, you should keep a financial backup or “Emergency Money" ready to see you through 12 months of expenses. India is one of the fastest growing major economies and the Indian economy is projected to reach $5 trillion in the next few years. We estimate that India will account for 14% of global GDP by 2050.

By Ellen Zhang, Xiaoyu Yin and Marius Zaharia

₹23,999. The latest smartphone is expected to give tough competition to the rivals from other Chinese companies like the Realme 12 Pro and Redmi Note 13 Pro. Oppo F25 Pro 5G price in India: The Oppo F25 Pro 5G features a 6.7-inch Full HD+ flexible OLED display with a refresh rate of up to 120Hz and a peak brightness of 1100 nits.

Mint. To do this, the industry is seeking a production-linked incentive (PLI) scheme for component manufacturing, even as Vachani believes that contract manufacturers should start looking at how to expand their market share in order to export devices globally. “It’s important to understand that even China’s domestic value addition in manufacturing is around 45%, because even China imports nearly all of its semiconductors for mobile manufacturing.

BENGALURU (Reuters) -Japan's SoftBank (TYO:9984) Group has further reduced its stake in beleaguered Indian payments firm Paytm to 2.83% from 5.01%, an exchange filing showed on Thursday.

market, as per an Economic Times report. This potential move would position Reliance against competitors such as Tata's Zudio, Max from Landmark Group, and Shoppers Stop's new value format InTune, it added. The 55-year-old Primark brand, known for its affordably priced clothing and shoes, has been assessing the Indian market for several years and might collaborate with Reliance through a joint venture or licensing agreement, two sources told the paper.

Hong Kong’s government is lifting some curbs on property deals after home prices fell to a seven-year low

Investing.com-- Most Asian stocks moved in a flat-to-low range on Thursday in anticipation of more cues on U.S. interest rates from key inflation data, while Chinese markets rebounded from heavy losses in the prior session. 

By Richa Naidu and Casey Hall