China Financial News

Investing.com-- Fitch said on Thursday it had downgraded the issuer default ratings of four Chinese national asset management companies and flagged more potential downgrades on expectations of weaker government support and headwinds from a property market slump.

Times of India, Muizzu said that if India did not withdraw its forces it would amount to disregarding the "democratic will" of the Maldivian people and jeopardizing the future of the democracy. "Maldivian people have a very no to the idea of foreign military personnel being stationed in the Maldives. Right now, it is India that maintains such a presence in the Maldives.

NEW DELHI : The Centre is considering a proposal to provide interest-free loans to 15,000 tobacco farmers in Andhra Pradesh, impacted by cyclone Michaung, two officials aware of the matter said. The tenure of interest-free loans, varying between ₹10,000 and ₹20,000, will be six months and will support replanting of tobacco, the officials said. The commerce ministry is considering the proposal forwarded by the Tobacco Board and it is expected to be finalized soon, they added.

BEIJING — It's been a tumultuous 12 months for Alibaba, casting doubt on the future of the tech giant just as artificial intelligence is taking off.

Investing.com-- China’s service sector grew past expectations in December, a private survey showed on Thursday, as continued stimulus measures helped push up local demand, while a rout in overseas orders also eased. 

metal companies were among the top losers Wednesday as fresh concerns over the economic prospects of China, one of the largest consumers of commodities like steel, aluminium, and copper among others, prompted traders to cut their bets. The Nifty Metal index fell 1.81% Wednesday. Among steel producers, JSW Steel, SAIL and Tata Steel slumped 3-4%.

Adidas is setting up its first and only global capacity centre (GCC) in Asia outside China in Chennai, to focus on 'key processes', sources aware of the developments told ET. The athletic footwear and apparel giant’s move reinforces the recent boom of multinationals investing in India in large numbers to set up their GCCs to harness the abundant software skills in the country.

The ongoing war in Ukraine and the fighting in Gaza following Hamas’s 7 October terrorist attack must not distract the world from our collective priorities: reducing our carbon dioxide emissions, aiming for carbon neutrality by 2050, preserving biodiversity, and fighting poverty and inequality. This is the doctrine France is implementing at an international level, through the Paris Pact for People and the Planet and the One Planet summits. The cornerstone of our strategy must be to speed up the ecological transition as well as the fight against poverty.

UBS Private Wealth Management financial adviser Sarah Ponczek and Lou Basenese discuss how rising interest rates and inflation are impacting markets on 'Mornings with Maria.'

Although the sector closed the year in positive territory, investment trust performance was 'well behind' US and global equity market indices.

In 2023, Apple (NASDAQ:AAPL) stock had a strong performance, finishing the year at $192.53, marking a significant 48% gain from 2022.

smartphone company Xiaomi is kicking off 2024 with a three-year strategy to become India’s most preferred smartphone plus AIoT (artificial intelligence of things) brand, having regained some of the lost foothold in 2023, a top executive said on Wednesday. “With the reset, recharge, refresh strategy and Xiaomi getting its mojo back (in 2023), we now have a three-year gameplan to play with, wherein we want to be the aspirational Indian’s most preferred and pioneering smartphone x AIoT brand,” Xiaomi India president Muralikrishnan B told reporters. Premiumisation, fostering an integrated smartphone x AIoT experience for users, and synergising the omnichannel sales strategy will be the key pillars of the plan, he said. “In 2024, the smartphone market in India will grow in a single-digit percentage, largely driven by 5G, and we’d like to be at the forefront of it,” Muralikrishnan said. “Over three years, definitely we would want to have a substantial share of the premium segment.” The positive outlook on spending by the middle class in the coming years will also boost the smartphone market going forward, he added. At the same time, the company will be open to leveraging its R&D investments in generative AI “as and when chipsets develop new capabilities”, though it will be up to application makers to get the best out of it, Muralikrishnan said. Chinese smartphone makers, bogged down by government scrutiny and competition in the market from major rivals such as Samsung, Vivo, Oppo and Apple, are looking to regain their once-dominant market shares in India.

screws, the government on Wednesday prohibited the imports of certain kinds of screws- priced lower than Rs 129 per kg. “The import policy of screws...is revised from free to prohibited.

Tesla shares had a stellar 2023, in large part because they had such a dismal end to 2022. By the same logic, this year could be tough for the world’s most traded stock. The company delivered roughly 485,000 electric vehicles last quarter—a bit better than expected, but worse than its Chinese rival BYD, which sold about 526,000.

Delhi High Court Wednesday refused to put a stay on the bail order passed by a lower court, releasing the three Vivo executives, including its Interim chief executive, after the enforcement directorate appealed against it on Tuesday. The court, while hearing the matter, observed that there are now sufficient safeguards in place to prevent the three executives that includes Chinese national and chief executive Hong Xuquan, chief financial officer Harender Dahiya and tax consultant Hemant Munjal from absconding. Further, to allay the apprehension of the ED, the court ordered the three to appear at the ED office everyday till the high court hearing comes up.

China on Wednesday announced «routine» military patrols in the South China Sea, following recent clashes between countries in the disputed waterway. The People's Liberation Army's Southern Theater Command said it had «organised naval and air forces to conduct routine patrols» in the sea from January 3 to 4. The statement did not mention where exactly the patrols would take place or give specific details of their aims. Beijing claims almost the entire South China Sea and has ignored an international tribunal ruling that its assertions have no legal basis.

United Cup opening the season. Sydney and Perth are co-hosting the second edition of the tournament, which sees nations face off in a mixed-gender format. Everyone's eyes will be on Iga Swiatek and Novak Djokovic who are in representing their respective countries. So far, Spain vs Brazil, Canada vs Chile, Poland vs Brazil, Poland vs Spain, Greece vs Chile, Greece vs Canda, Great Britain vs Australia, USA vs Great Britain, USA vs Australia, Italy vs Germany, France vs Germany, France vs Italy, Czech Republic vs China, China vs Serbia, Czech Republic vs Serbia, Netherlands vs Norway, Croatia vs Norway, Croatia vs Netherlands, Poland vs China has taken place.

Indian Cyber Crime Coordination Centre (I4C) said Wednesday. Over 4.52 lakh cyber crime cases were reported on the National Cybercrime Reporting Portal (NCRP) in 2021, which rose by 113.7% in 2022, with 9.66 lakh cases being reported on the portal, director of I4C Rajesh Kumar told reporters in an interaction. I4C is a body established by the Ministry of Home Affairs to provide a framework and eco-system for law enforcement agencies for dealing with Cybercrime in a coordinated and comprehensive manner.

TAIPEI—Nearly a year after the appearance of a suspected Chinese spy balloon over the U.S. sent relations between Beijing and Washington into free fall, high-altitude balloons from China have again been spotted floating over sensitive territory. This time, it is the main island of self-ruled Taiwan, which is days away from holding a presidential election with ramifications for the future of U.S.-China relations.

Investing.com — U.S. futures traded lower Wednesday, with investors consolidating ahead of the release of the minutes from the December Federal Reserve meeting.

2023 was a roller coaster of a year for the markets, fuelled by rate-cut expectations from the US, the UK and Europe, global tensions erupting in the Middle East and, not least of all, disappointing news from China’s economy.