China Financial News
28.12 / 07:21
economy
NVIDIA
Fitch
performer
country
consequences
prevention
2023 in Review: Top 10 trends that caught investors' attention this year
Decline in inflation: In the realm of developed markets, central banks made significant strides in curbing inflation without inflicting substantial harm on their respective economies throughout the past year. Notably, the United States, despite the Federal Reserve initiating its most assertive tightening cycle in over four decades, managed to steer clear of a recession. The effective policies implemented by developed market central banks underscore their adeptness in navigating the delicate balance between taming inflationary pressures and ensuring the sustained health of their economies.
28.12 / 07:19
28.12 / 06:34
FIVE
Xiaomi
China's Xiaomi unveils first electric vehicle, plans to become top automaker
Xiaomi took the wraps off its first electric vehicle on Thursday and promptly announced it was aiming to become one of world's top five automakers. The sedan, dubbed the SU7, is a highly anticipated model that is expected to make the most of its shared operating system with the company's popular phones. But the car is making its debut at a time when the world's largest auto market is wrestling with a capacity glut and slowing demand that have stoked a bruising price war.
28.12 / 05:11
Reuters
Manufacturing
economy
Moodys
show
country
reports
China's Dec factory activity likely contracted for third month: Reuters poll
BEIJING (Reuters) — China's manufacturing activity likely contracted for the third consecutive month, a Reuters poll showed on Thursday, weighed by soft demand for manufactured goods, a reading that would embolden calls for more policy support.
28.12 / 03:37
Reuters
economy
MSCI
Nikkei
country
reports
Updates
Sensex Today | Share Market Live Updates: Markets up in pre-opening; eye records
₹83 to ₹83.70," he said.Global stocks mostly rose on Wednesday with a positive year-end mood continued. The Dow Jones Industrial Average led gains on Wall Street, advancing 0.3% to finish at another all-time high of 37,665.52. In European markets, London leading the way as it closed 0.4% higher.
28.12 / 02:08
Reuters
Extreme
Tesla
Highways
show
reports
Two U.S. senators write to Musk, call for Tesla recalls over safety risk
The letter cites «an alarming» Reuters investigation published on December 20 that exposed how Tesla has blamed drivers for frequent failures of components it has long known were defective.
28.12 / 02:07
27.12 / 23:08
27.12 / 20:17
Highways
testing
BYD gains license to test level 3 autonomous cars on high-speed roads
Chinese automaker, BYD (SZ:002594) announced Wednesday that they have secured a conditional testing license for level 3 autonomous driving on high-speed roads.
27.12 / 17:54
Cooper
Ball
economy
country
Moscow, still one of New Delhi's allies
Russia has an interesting place in India's foreign policy game plan. As foreign minister S Jaishankar said on Tuesday during his five-day visit to Moscow, geopolitics and strategic convergence will always keep the bilateral ties on a positive trajectory. On Wednesday, Jaishankar and his Russian counterpart Sergey Lavrov walked the talk as the two sides agreed on the expansion of Russian hydrocarbon exports to India and cooperation in nuclear energy.
27.12 / 17:52
2024
Let's gatecrash the hottest club of 2024
Berghain in Berlin, or Output in NYC, or Zouk in Singapore. It's the grandfatherly sounding North Atlantic Treaty Organisation that is, almost 75 years after being founded, trending and trending hard as #Nato. Marx — of the Groucho variety — had famously said that he refused to join any club that would have him as a member.
27.12 / 17:50
Citizens
Tether
Platform
country
social
reports
$2.2 Billion Illegal Forex Operation Busted by Chinese Authorities Using Crypto Platforms
Chinese authorities have reportedly dismantled an illegal underground banking operation that moved some $2.2 billion between China and other countries using overseas “virtual currency trading platforms.”
27.12 / 15:27
Mobile
Bitcoin
prevention
Mobile app fraud: ED attaches fresh assets worth over Rs 278 crore
Enforcement Directorate (ED) on Wednesday said it has attached assets worth more than Rs 278 crore of various entities, including those with links to China, in a money-laundering probe over the alleged cheating of investors through mobile phone-based app "HPZ Token". The ED had earlier attached properties worth Rs 176.67 crore in the case.
27.12 / 15:24
FIVE
Manufacturing
Banner
President
Experts
country
The year in clean energy: Wind, solar and batteries grow despite economic challenges
renewable energy at breakneck speed in 2023, a trend that if amplified will help Earth turn away from fossil fuels and prevent severe warming and its effects. Clean energy is often now the least expensive, explaining some of the growth. Nations also adopted policies that support renewables, some citing energy security concerns, according to the International Energy Agency. These factors countered high interest rates and persistent challenges in getting materials and components in many places.
27.12 / 15:08
Manufacturing
Tesla
Tesla preparing Shanghai gigafactory for revamped Model Y
Tesla Inc. (NASDAQ:TSLA) is gearing up to introduce an updated version of its highly successful Model Y from its Shanghai plant according to unnamed sources familiar with the matter. This move comes in response to heightened competition from domestic rivals, prompting an accelerated pace in product launches within the industry.
27.12 / 14:37
Provident
Volkswagen
economy
track
country
reports
'Seized the moment': Watershed year for EVs paving way for billions in new investment, Champagne says
It has been a busy year for Industry Minister François-Philippe Champagne. He has several responsibilities, but building a new battery sector seemed to keep him the most occupied in 2023 as Canada inked multi-billion-dollar deals with battery and automakers Stellantis NV, LG Energy Solution Ltd., Volkswagen AG and Northvolt AB to build three battery plants.
27.12 / 14:31
Citizens
Celebrity
performer
reports
prevention
Mahadev betting app owner Sourabh Chandrakar detained in Dubai: Reports
PTI. He has been put under ‘house detention’ as of now and the Indian authorities are working through diplomatic channels to get him deported. Meanwhile, the Enforcement Directorate (ED) may also file a fresh charge sheet in this multi-crore money laundering case soon, said the officials to the news agency.
27.12 / 14:21
Target
CEO
Platform
Tesla
country
reports
fall
elon
Tesla deliveries to hit record, but fall short of Elon Musk’s aspirations
San Francisco: Tesla is expected to post another record quarter for electric vehicle (EV) deliveries, likely shy of an ambitious 2 million annual internal target that CEO Elon Musk touted at the beginning of the year. Faced with slowing sales, Tesla leveraged its industry-leading margins and slashed prices of its four car models globally in 2023, with a focus on China, where the company has lost market share to locals including BYD .
27.12 / 14:18
country
Latin
Oil supplies to India increased to 40% since Ukraine war: Russia
oil supplies from Europe to India and China after the Western countries enforced economic sanctions against it over the Ukraine war. Russia invaded Ukraine in February 2022. The America-led Western countries hit Russia with a slew of sanctions including a European Union embargo on its seaborne oil deliveries.
27.12 / 14:12
latest developments in China
What is the current situation in China?
In China, the spotlight is on local government initiatives that affect the region’s daily life.
Where can I find reliable news about China?
We publish verified updates about the situation in China, based on information from official representatives.
What shapes the media agenda in China?
The news landscape of China is shaped by the region’s internal dynamics, reflecting its local way of life.
