China Financial News

02.01 / 02:26

Aviat Nestle recommendations Updates Sensex Today | Share Market Live Updates: Gift Nifty slightly up; Asia mixed

₹2,300 per tonne, effective Tuesday.For the past two weeks, the levy -- Special Additional Excise Duty (SAED) -- on domestic crude oil was at ₹1,300 per tonne.The ministry, through a notification, has brought down the additional excise duty on the export of diesel and aviation turbine fuel to zero.The increase in the windfall tax on the sale of locally produced crude oil comes at a time when the price of crude oil has largely been steady. On Friday, 29 December, the March contract of Brent on the Intercontinental Exchange closed at $77.49 per barrel, against $76.55 on 15 December.

01.01 / 13:32

Strategy Experts 2024 FPI flows into India may remain supportive for markets during 2024 feel expert

₹66135 crore in Indian equity markets during December 2023 meant that FPI were buyers worth ₹1.7 trillion ( ₹171107 crore) in the equity market during the year 2023 as per NSDL data. “Since 2024 is expected to witness further declines in U.S. interest rates, FPIs are likely to increase their purchases in 2024 too, particularly in the early months of 2024 in the run up to the General elections", as per Dr VijayaKumar, Chief Investment Strategist at Geojit Financial Services.

01.01 / 13:27

Remark show reports 'Those who chose slavery...': Sanjay Raut hits back at Ajit Pawar for 'non entity' remark

Ajit Pawar, who heads the Nationalist Congress Party faction, dubbed the former a "nonentity". "Those who chose slavery...those who are cowards should not comment on us. There is no need for me to speak more on this issue.

01.01 / 10:59

Citi Provident pandemic country travelers China's first domestically built cruise ship begins maiden voyage

China's first domestically built cruise ship set sail on its maiden voyage from Shanghai on Monday, a sign of the nation's growing prowess in sophisticated construction as it seeks self-sufficiency in key technologies. The Adora Magic City left port on its first commercial cruise late afternoon, en route to South Korea and Japan.

01.01 / 09:23

Manufacturing economy Experts social shock Paradigm shifts in geo-politics reshaping Indian real estate

The year 2023 has been marked by major global economic shocks such as the Russian-Ukraine war, NATO tension, stressed US-China relations, energy and food crisis, cyber-attacks, and climate risk. These shocks have led to significant geo-political reorientation. It has also resulted in an impending economic downturn in western economies, placing the global economy in a very vulnerable position. COVID-19 is another polarizing issue with many economic and social ramifications. India’s GDP and economic growth rate have also been adversely affected by these global tensions.

01.01 / 08:52

Waves Booking Death Monarch 2024 What will happen in 2024? 16th century seer Nostradamus predicts naval war, climatic catastrophe & rise of a new monarch in Britain!

New Year welcome party is complete without at least a cursory check on annual predictions! And no we are not talking about stock market predictions, or tentative guesses on the release date of your favourite Bollywood movies, but predictions regarding significant events such as war, royal rifts, etc. Curious about how 2024 will unfold? Let Nostradamus, a 16th-century astrologer guide you.

01.01 / 07:51

Qualcomm Sony reports Oppo Reno 11 series may launch in India soon. Expected launch date, specs and more

Oppo A59 5G launched in India: Check price, specifications and features The tipster also noted that the Oppo Reno 11 Pro could be powered by either the Dimensity 8200 or Snapdragon 8+ Gen 1 processor and support 80W SUPERVOO charging. In addition, the leaks also suggest that both smartphones could get a 32MP telephoto lens and run on Android 14 operating system underneath Oppo's ColorOS 14.

01.01 / 07:38

social Cheap Chinese EV resembling Toyota Land Cruiser LC300 goes viral

Toyota's iconic Land Cruiser LC300. The Land Cruiser, known for its premium status and starting price of Rs 2.10 crore ex-showroom in India, has been replicated by a Chinese electric vehicle (EV) maker.

01.01 / 07:29

Progressive President country reports strain ‘China, US should strive towards peaceful coexistence,’ Xi Jinping says to Joe Biden

US President Joe Biden on January 1, Chinese President Xi Jinping emphasized that history has demonstrated the importance of maintaining mutual respect and peaceful coexistence as the correct approach for fostering positive relations between China and the United States, Bloomberg reported. This comes as both nations work towards repairing their strained diplomatic ties.

01.01 / 07:22

Manufacturing Tesla President Chevrolet reports Department Western Anxiety About Chinese EVs Could Prove Self-Defeating

China hawks have the upper hand in the political battle over electric vehicles. They should be wary of overplaying it. The rules for getting a tax credit on EV purchases in the U.S.

01.01 / 05:45

President country ‘Ties with China must be decided by will of people,’ Taiwan president says in response to Xi's reunification claims

'China's 'reunification' with Taiwan inevitable': Xi during New Year's speech Asked about Xi's speech at a New Year's press conference at the presidential office in Taipei, Tsai said the most important principle on what course to follow on relations with China was democracy. "This is taking the joint will of Taiwan's people to make a decision. After all, we are a democratic country," she said.

01.01 / 05:41

Provident Target Fighting economy show Inside China’s Xi Is Resurrecting Mao’s ‘Continuous Revolution’ With a Twist

Chinese rulers have long used campaigns against corruption to sideline rivals and consolidate power. Xi Jinping is increasingly tying his authority to a new variation: a purge that never ends. With echoes of Mao Zedong’s “continuous revolution," Xi has sent fear rippling through the ranks of the Communist Party for more than a decade with the largest campaign against corruption in modern Chinese history.

01.01 / 04:36

Apple Software Corning Qualcomm Xiaomi reports Department 2024 From Apple iPhone 16 to Samsung Galaxy S24 series; Top 5 highly anticipated smartphone launches of 2024

iPhone 16 smartphone series, but given recent history and numerous media reports on the subject, the company may well decide to launch its premium smartphones in September 2024. A report by Bloomberg's Mark Gurnman in November suggested that the Cupertino-based tech giant may not bring many new hardware advancements, but rather rely on the generative AI-based upgrades in the software department with the iOS 18 operating system to attract new customers. The OnePlus 12 series is set to launch in India on January 23, 2024 and the Chinese smartphone maker has also confirmed the simultaneous launch of the OnePlus 12R with the OnePlus 12.

01.01 / 04:20

Stealth Xiaomi show Redmi Note 13 5G series price and specs leaked online ahead of January 4 India launch

Xiaomi had earlier confirmed that its Redmi Note 13 5G series will launch in India on January 4, marking the company's first smartphone launch in India in the New Year. The mid-range smartphone series which was earlier launched in China will make its Indian debut in three variants: Redmi Note 13 5G, Redmi Note 13 Pro 5G and Redmi Note 13 Pro+ 5G.

01.01 / 04:06

Action Strategy NetEase show country 2020 shock Investors Have Cut China’s Internet Giants Down to Size

HONG KONG—Investors in China’s biggest internet companies have suffered through a tumultuous 2021, a lackluster 2022 and a disappointing 2023. After a lousy three years for the once-hot sector, many investors are asking—where do things go from here? The Chinese internet sector has lost more than $1.2 trillion in market value since the start of a regulatory crackdown that has resulted in fines, troubled restructuring attempts and changes to business strategies.

01.01 / 03:08

Stock market holiday: US, Europe, Asian markets to remain closed today for New Year’s Day

Also Read: Stock market holiday 2024: Check days, dates, and trading holidays in the new year Meanwhile, most of Europe and Asia will also have a market holiday today. Among European markets that will remain closed today on account of New Year’s Day include that of France, Germany and Italy.

01.01 / 03:05

Booking Manufacturing WhatsApp Experts recommendations Weekend Indian stock market: 6 things that changed for market over weekend - Gift Nifty, FPI buying to China’s factory activity

Asian markets are closed today. The US and most European markets will also remain closed today. Catch Live Market Updates here The domestic benchmark indices ended on Friday, the last trading day of 2023, on a negative note, snapping their five-day winning streak, on profit-booking in select heavyweights.

01.01 / 03:02

Waves Action WhatsApp Experts recommendations Nifty 50, Sensex today: What to expect from Indian stock market in trade on January 1

Catch Live Market Updates here On Friday, the domestic benchmark indices snapped their five-day winning streak to end lower on profit-booking after the recent run up. The Sensex ended 170.12 points lower at 72,240.26, while the Nifty 50 declined 47.30 points, or 0.22%, to settle at 21,731.40, on December 29. Nifty 50 formed a small negative candle on the daily chart with minor upper and lower shadows.

01.01 / 02:07

Gap Strategy economy Experts show country India runs trade deficit with 9/10 top partners

India recorded a trade deficit with nine of its top ten trade partners in the first seven months of 2023-24, with the US being the only country with which exports exceeded imports. India's trade surplus with the US — its largest trading partner — was $19.59 billion in the April-October period, show data from the commerce and industry ministry. However, with China, the second largest partner, the deficit was a whopping $51.11 billion, followed by a $33.56 billion gap with Russia, the fourth largest trade partner of India.

01.01 / 01:30

Target Manufacturing Strategy Mobile economy concert electronic Evaluating multiple EoIs for OSATs, fabs, modernizing SCL: Rajeev Chandrasekhar

₹10,000 crore—more than $1 billion (about ₹8,300 crore) —and I don’t think we’ll need to take that figure up further. Will local electronics manufacturing in India need concerted efforts to create a component supply chain now, given that we’re assembling a sizeable amount? Even China, which controls 70-72% of the global value chains (GVCs), makes a value addition that is in the low two-digits. Even they, for exports exceeding $1 trillion, import $650-700 billion in components.

01.01 / 00:32

Gap Strategy economy President show country testing Goodbye multipolarity; hello bipolarity?

In the coming year, we will see not greater multipolarity, but greater bipolarity. China has replaced Russia as America’s main competitor in a new cold war that is less about ideology and more about markets and technology. The $18 trillion Chinese economy has already overtaken that of all 27 European Union countries combined, and China is the largest trading partner to more than 120 countries.

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