China Financial News

To gain a glimpse of the kind of strains many countries will face in 2024, it can help to focus on the challenges facing a single country. Consider Egypt’s recent experience. When Russia invaded Ukraine in February 2022, the sharp global increase in grain and fertilizer prices disrupted the Egyptian economy, which was already worn down by the covid-19 pandemic, water shortages, and debt.

(Reuters) -New Zealanders were among the first in the world to celebrate the arrival of 2024 with a fireworks display in Auckland on Monday. The fireworks illuminated the cloudy night sky and were accompanied by a laser light and animation show.

media and entertainment. Incredible stories from across India, connectivity and access like never before, innovation in filmmaking— there hasn’t been a more perfect time for storytellers and the audience. Today, India stands only second to China in the volume of digital media consumption, as per the EY-Ficci 2023 report.

Geopolitical pressures and other non-economic factors have put the global economy on a path towards fragmentation. Beyond its inherent risks, this trend will not only have profound implications for economic stability and growth but also could jeopardize efforts to combat climate change. Heightened geopolitical tensions, especially the escalating rivalry between the United States and China, are the primary catalyst of fragmentation.

Xi Jinping Sunday said China's "reunification" with Taiwan is inevitable--striking a stronger tone than last year--while addressing the nation in a speech marking the New Year, ahead of the general elections in the Chinese-claimed island to elect a new leader, Reuters reported. Beijing claims Taiwan to be its "sacred territory".

Mumbai. The black ants have been shared as garnish for the beverage. The video has been shared by Instagram user Nitin Tewari, whose handle read mr.bartender.

By Liangping Gao and Kevin Yao

BEIJING (Reuters) — President Xi Jinping said on Sunday that China will consolidate and enhance the positive trend of its economic recovery in 2024, and sustain long-term economic development with deeper reforms.

(Reuters) — China's Li Auto (NASDAQ:LI) Inc said on Sunday it expects to launch and begin deliveries of its first fully electric car in March.

2024 with a fireworks display in Auckland on Monday. The fireworks illuminated the cloudy night sky and were accompanied by a laser light and animation show. Here's how some other places and people around the world were bidding farewell to 2023 and welcoming the New Year.

engineering exports to Australia reached USD 944 million in April-November 2023-24, a 3 per cent increase. However, imports from Australia also saw a significant 30 per cent upswing during the same period. India's engineering imports from Australia reached USD 355.02 million during April to October 2023-24.

China's «reunification» with Taiwan is inevitable, President Xi Jinping said in his New Year's address on Sunday, striking a stronger tone than he did last year with less than two weeks to go before the Chinese-claimed island elects a new leader. The Jan. 13 presidential and parliamentary elections are happening at a time of fraught relations between Beijing and Taipei. China has been ramping up military pressure to assert its sovereignty claims over democratically governed Taiwan.

Mint examines the reasons and implications. The BRICs grouping, during its summit in South Africa in August, invited six countries including Argentina to join it as permanent members, effective 1 January, 2024. On Saturday, though, Argentina’s newly elected government announced it would not be taking up on the offer.

index touched a 33-year high, Hong Kong rounded out its fourth straight year of decline and India emerged as a leader in IPOs, Nikkei reported. One of the biggest drivers behind this divergence was disappointment in China's post-Covid recovery. Hong Kong's flagship Hang Seng Index (HSI), which tracks 80 blue chip stocks, has dropped 13.8 per cent this year, its first four-year losing streak since its launch in 1969, Nikkei reported. As investors shift away from greater China, their attention is moving to Japan, India and the tech hubs of Taiwan and South Korea. The major indexes in these markets rose by more than double digits in 2023, with Japan's Nikkei 225 leading the pack at nearly 30 per cent, Nikkei reported. The comeback of Japanese shares was a result of multiple factors, including improved corporate governance, something the country's regulators have been working on for over a decade in hopes of stimulating investment from abroad. BlackRock this month reaffirmed its «overweight» position on Japanese equities for the next six to 12 months.

Thailand's popular tourist destination Phuket has launched a new user-friendly online visa extension system. The Immigration Bureau Commissioner, Pol Lt Gen Itthiphon Itthisanronnachai, unveiled this new initiative, that will allow foreigners under the 12 specified visa categories to apply for visa extensions online. The move aligns with Lt Gen Itthiphon's mission to streamline immigration procedures, ensuring efficiency and accessibility, especially during the upcoming New Year holidays.

Job placements for graduates from one of the world's premier business schools, Harvard Business School, have hit their lowest levels in over five years, indicating a slowdown in demand for highly qualified candidates. According to recent data from the school, 86% of the 73% of its most recent MBA class seeking employment received offers, a significant drop from 95% in 2022 and 96% in 2021. In an unusual move, the school only recently disclosed the job offer rates for 2023 on its website, following a query from the Financial Times.

China's most serious earthquake in nearly a decade were found on Sunday, a tragedy that has renewed concern over exposed populations in seismically active zones. That raises official fatalities from the magnitude 6.2 quake that rocked the northwestern provinces of Qinghai and Gansu almost two weeks ago to 151. The final bodies were found in Qinghai at 1:16 a.m. (1716 GMT Saturday), state media reported.

India firmed up defence procurement worth over Rs 3.50 lakh crore in 2023 as the lingering border standoff with China in eastern Ladakh as well as the crises and conflicts around the world kept the military focused on ways to enhance the country's overall combat prowess to firmly deal with any security challenges. India also went on an overdrive in expanding its military engagement with like-minded countries in its neighbourhood and beyond in the face of China's relentless attempts to become a regional hegemon and establish its primacy in South Asia.

shares his outlook for 2024 and what investors should do in the current scenario. In the last few years, India has done exceptionally well. And it is a function of India doing well and others doing badly.

Economist Dani Rodrik has put out a tweet that's likely to get some traction. He says his wish for the new year is for the term 'emerging markets' to be retired. We agree.

yuan by orchestrating buying by state banks and giving market guidance to bankers. The strategy of moral suasion marks a sharp break from Beijing's approach the last time the currency was on the ropes, in 2015. Back then, the People's Bank of China (PBOC) resorted to official intervention as the central bank burned $1 trillion in reserves to shore it up. This year, as China's economy wobbled and money left the country, the PBOC took a starkly different approach, defending the currency by signalling to markets what kind of selling it would and would not tolerate. Interviews with 28 market participants show at least two dozen cases where regulators closely and frequently steered market participants through a range of co-ordinated actions this year to resist strong downward pressure on the yuan. The PBOC and State Administration of Foreign Exchange, the currency regulator, did not respond to Reuters' faxed questions about its approach.