China Financial News

Nvidia chief Jensen Huang on Tuesday showcased cutting-edge chips for artificial intelligence and new applications for the technology, shrugging off talk of China's DeepSeek disrupting the market and dangers from US President Donald Trump's trade wars. Huang gave a hotly anticipated keynote presentation at Nvidia's annual developers conference that packed the SAP Center in the Silicon Valley city of San Jose, home of the Sharks NHL hockey team. Billing the event as an AI «Super Bowl,» the Taiwan-born tech titan was greeted by an audience of more than 20,000 who sat through his two-hour-plus address announcing the company's latest updates.

Total exports rose 11.4% year-on-year in February, data showed, less than a median market forecast for a 12.1% increase and following a 7.2% rise in January. The threat of Trump's aggressive tariffs has led some Japanese companies such as Sony Group to stockpile inventory in the United States, a step that could have temporarily boosted overall export volumes. Exports to the U.S. rose 10.5% in February from a year earlier, while those to China were up 14.1%, the data showed. Shipments to China may have been affected by more working days last month, with the Lunar New Year holiday ending earlier than usual this year.

Oil prices slid on Wednesday after Russia agreed to U.S. President Donald Trump's proposal that Moscow and Kyiv stop attacking each other's energy infrastructure temporarily, which could lead to more Russian oil entering global markets. Brent crude futures were down 12 cents, or 0.2%, at $70.44 a barrel by 0106 GMT. U.S. West Texas Intermediate crude (WTI) lost 15 cents, or 0.2%, to $66.75.

Subscribe to enjoy similar stories. The "catfish effect", named after the practice of adding catfish to tanks of cod to keep them active during transportation, describes how a strong competitor can energize a stagnant market. Tesla’s entry into India could be just the jolt the country's electric vehicle (EV) industry needs.

The NSE Nifty surged 325.55 points, or 1.45%, to close at 22,834.30. The BSE Sensex rose 1131.31 points, or 1.53%, to end at 75,301.26. Both indices have risen about 2% in the last two days.

Historically, trade wars have proven economically corrosive. The 1930 Smoot-Hawley tariffs worsened the Great Depression by slashing international trade by 65%. While Trump’s team insists today’s globalized economy is more resilient, experts caution that modern supply chains are deeply interdependent—a single tariff can disrupt industries worldwide. As the 2024 election looms, the stakes couldn’t be higher: voters grappling with inflation may sour on “America First” policies if pocketbook pressures mount.

Federal Reserve said in a statement. This was significantly above market expectations for a 0.2 percent rise, according to Briefing.com. President Donald Trump has embarked on a trade war since taking office, hitting top US trading partners like Canada, Mexico, and China, in a move that has unsettled the financial markets. Trade uncertainty has lingered for months, but it seems that tariff-sensitive sectors like autos have looked to produce more goods while they still face lower trade barriers. There was a steep rise in manufacturing output, which was «boosted by a jump of 8.5 percent in the index for motor vehicles and parts,» the Fed said.

Imagine realizing in March that you owe additional taxes—plus interest—because you missed your advance tax payments. For many salaried individuals earning extra income from fixed deposits, stocks, or rental properties, this is a costly oversight. 

Siemens will cut 5,600 jobs from its flagship digital industries business, the German engineering company announced on Tuesday, saying it was adjusting its production capacity in line with weak demand. Siemens said «muted demand primarily in the key markets of China and Germany coupled with increased competitive pressures have considerably reduced orders and revenue in the industrial automation business» over the last two years. Global demand for automation technology is intact over the long term, Siemens said, but the company had to adjust its production capacity in line with market conditions. The job cuts were first flagged by Siemens last November, while in its latest quarter Siemens reported big drops in sales and profits at the division, as Germany, China and Italy all struggled. Digital Industries employs about 68,000 people worldwide, with 2,600 of the axed jobs coming in Germany.

NASA announced that Wilmore and Williams will depart the ISS on Tuesday, March 18, with the Crew Dragon splashdown scheduled for approximately 5.57 pm EST. The space agency's decision to bring forward the astronauts' return was based on favourable weather conditions. Have you ever wondered why American astronauts opt for splashdown instead of landing on solid ground? Let's try and find out. ALSO READ: Sunita Williams' final moments in ISS: What did the NASA astronaut do before leaving for Earth?

BEIJING — Chinese electric car company Zeekr is releasing advanced driver-assistance capabilities to its local customers for free as competition heats up, Zeekr CEO Andy An told CNBC ahead of a launch event Tuesday.

India is making significant strides towards becoming self-reliant in solar cell and module manufacturing. As per estimates from Rubix, an analytics services provider, imports of solar cells and modules declined by 20 per cent and 57 per cent respectively in the first eight months of 2024-25.

anti-dumping duty from $619 to $873 per metric tonne (MT) on aluminium foil imports from China. A gazette notification dated March 17 said the duty will be applicable on aluminium foil up to 80 micron, excluding aluminium foil below 5.5 micron for non-capacitor application. These developments come in the backdrop of United States (US) levying reciprocal tariffs. In addition to these, the US implemented a 25% tariff on all steel and aluminium imports last week. Domestic steel and aluminium producers fear that more Chinese products will make their way to India, putting pressure on margins. India’s provisional anti-dumping duty imposed under this notification shall be effective for six months and shall be payable in Indian currency, the notification said. This duty follows preliminary findings of Directorate General of Trade Remedies (DGTR) which concluded that the domestic industry has suffered material injury on account of the goods being exported to India from China. The order lists multiple China headquartered companies that were exporting to India at a price below the normal value, resulting in dumping. Those mentioned include Henan Mingtai technology development Co. Ltd., Henan Mingsheng New Material Technology Co. Ltd., Sunho New Materials Technology Co. Ltd., Shanghai Sunho Aluminium Foil Co. Ltd., Jiangsu Dingsheng New Materials Joint-Stock Co. Ltd., Inner Mongolia Lian Shen New Energy Co. Ltd., and Hangzhou Five Star Aluminium Co. Ltd.

digital arsenals" to interfere in Western democracies, while their messaging around the war in Ukraine had become increasingly aligned. «Foreign information manipulation and interference is a major security threat to the EU,» foreign policy chief Kaja Kallas said in a report. «We must not underestimate the power that this has over us, or the intentions of those behind it.» In its latest annual report on the subject Brussels said that last year it tracked disinformation attacks against over 80 countries and more than 200 organisations. The war in Ukraine remains a major target for Russia — but events such as the Olympics in Paris, elections in Moldova and farmers' protests in Germany were also in the crosshairs.

Ambassador Qi noted that the public is largely unaware of these details. «This is because we do not shout about our assistance to Sri Lanka,» the ambassador noted. It may be noted here that Sri Lanka undertook a restructuring of $46 billion in external credit after announcing its first sovereign default amid the economic crisis of 2022. Furthermore, the ambassador expressed optimism about the potential for collaboration between China and India in developing Sri Lanka's northern province. In a significant statement, Qi said there is no dispute between China and India, as both nations have experienced rapid growth and should collaborate to achieve common objectives.

BYD has unveiled a megawatt charging system that it says can charge an EV as quickly as filling up a fuel tank, and said it will build a network across China, igniting a new super charging race. Here are more details about the Chinese electric vehicle giant's new technology and why the fast-charging space is attracting interest: WHY DOES FAST-CHARGING EV TECHNOLOGY MATTER? Drivers sceptical of EVs have cited worries that their batteries could go flat during long-distance drives, prompting automakers to come up with fast-charging as well as battery-swapping technology as solutions.

The ministry on Tuesday published on its social media several images of Chinese drones and ships and said 43 out of 59 of them entered Taiwan's air defence identification zone but that no confrontations were reported. Taiwan monitored the situation and deployed aircraft, navy ships and coastal anti-ship missile defences in response, the ministry said. China launches such missions on a daily basis in hopes of wearing down Taiwanese defences and morale, although the vast majority of the island's 23 million people reject Beijing's claim of sovereignty over Taiwan and its threat to use force to assert its control. It's unclear what prompted the large Chinese deployment. Daily figures often vary widely based on statements by the Taiwanese authorities or their US partners.

Trump moves to axe Voice of America and other US-funded media, China and Russia are eager to fill the void. The targeting of VOA, Radio Free Europe and Radio Free Asia not only freezes some of the most dogged reporting on countries with heavily restricted media, but it comes after years of concerted efforts by Beijing and Moscow to promote their own worldview on the global media landscape. Trump issued an executive order Friday to pare down the nearly $1 billion US Agency for Global Media, with hundreds of journalists swiftly put on leave or fired, in his latest sweeping cut to the federal government. Lisa Curtis, who was a senior official on the National Security Council in Trump's first term and serves as board chair of Radio Free Europe/Radio Liberty, formed in the Cold War to reach behind the Iron Curtain, said that closing the service «will actually help our adversaries.» «Countries like China, Russia and Iran are investing hundreds of millions of dollars pumping out anti-American propaganda and disinformation,» she said.

Santosh Rao, Head of Research/Partner, Manhattan Venture Partners, says foreign funds flows will ultimately come into India because India is the fastest growing economy in the world but right now, there is much better risk-reward outside India. So, right now, money is getting scattered around other places. But ultimately, it will come back to India. Rao also says that the Fed will probably have one cut this year and more next year when the US economy is expected to slow down. They won’t cut rates now because the prices are still high and there is a greater threat of inflation. US retail sales rose less than forecast in February, and the previous month was revised down to mark the biggest drop since July 2021. Anxiety is building among US consumers about the likely impact from US tariffs on the economy and their pocketbooks. China on the other hand, has announced a «Special Action Plan to Boost Consumption» in a bid to prop up domestic consumption in the world's second largest economy. How do you see these things impacting US consumers? Santosh Rao: Overall, right now, the US consumer is getting cautious. The underlying data right now is kind of soft, but people are really worried about the future, what is coming down the pike? The inflation expectations are high and that kind of feeds into the narrative and that one thing leads to another, so the prices keep going up. So, the big inflation, the resurgence of inflation is a big issue. So, you want to clamp that down. So, let us see.

Subscribe to enjoy similar stories. For Global companies, there is no place quite like America. As growth in China and Europe has slowed, its economy has continued expanding at a decent clip.

artificial intelligence model DeepSeek is banned on their government devices, according to a message seen by Reuters and two people familiar with the matter. «To help keep Department of Commerce information systems safe, access to the new Chinese based AI DeepSeek is broadly prohibited on all GFE,» said one mass email to staffers about their government-furnished equipment. «Do not download, view, access any applications, desktop apps or websites related to DeepSeek.»