China Financial News

Until recently, the Chinese manufacturer behind Elf Bar e-cigarettes was able to slip its products passed U.S. customs officials

Haven’t ordered any of your holiday gifts yet

The White House is lending its support to an auto industry effort to standardize Tesla’s electric vehicle charging plugs for all EVs in the United States, part of a broad effort to stimulate their sales to help combat climate change

Japan has reported its exports fell slightly in November from a year earlier while imports declined nearly 12%

China's Alibaba Group says its CEO Eddie Wu will head its core e-commerce business, as the company seeks to drive growth and fend off fast-growing online shopping rivals like Pinduoduo

Asian shares have mostly advanced after Wall Street ticked higher amid hopes that Japan's moves to keep interest rates easy for investors could augur similar trends in the rest of the world

India aims to elevate its road infrastructure to match that of the US within the next five years, said Minister of Road Transport and Highways, Nitin Gadkari. As part of a comprehensive strategy, the government seeks to alleviate metro congestion, significantly reduce travel time, and minimise road accidents, he said. In the preceding nine years, his ministry has allocated projects exceeding Rs 50 lakh crore and has streamlined the contract approval process by refining existing policies.

BEIJING — Tesla cut prices for its electric cars in China by more than BYD did for its flagship Han sedan, according to analysis Wednesday from U.S.-based firm JL Warren Capital.

diamond trade is witnessing early signs of recovery as US consumers have started buying solitaires of more than one carat, helping revive the market which accounts for more than half of India’s diamond exports. “Natural diamond jewellery sales were up 5.1% by units and 4.7% by revenue in November, when holiday purchases picked up in the US. Loose diamond unit sales rose 16% in November on a year-on-year basis," said Vipul Shah, chairman of the Gem & Jewellery Export Promotion Council (GJEPC). Demand for diamonds in the US had almost halved in the past few months as the world’s largest economy grappled with recessionary pressure. India’s exports of cut and polished diamonds in the April-November period stood at $11,063.62 million, down 27.95% year-on-year. “But since Christmas and New Year are big events in the US, the purchase of diamonds has gone up.

BEIJING — Alibaba Group CEO Eddie Wu is taking over the top role at the company's Taobao and Tmall e-commerce business, replacing Trudy Dai in the Chinese internet tech giant's latest management shakeup this year.

₹549.78 crore, which is a complete offer for sale. The IPO garnered a decent response from investors on the first day, achieving an overall subscription rate of 2.08 times.

By Stella Qiu

TOKYO (Reuters) -Japan's exports in November fell for the first time in three months dragged down by China-bound chip shipments, underscoring worries that slowing overseas economies may deal another blow to the trade-reliant economy as domestic demand slows.

SHANGHAI/SINGAPORE (Reuters) — China stood pat on benchmark lending rates at the monthly fixing on Wednesday, matching market expectations, after the central bank kept its medium-term policy rate steady earlier last week.

Nine more banks have joined China’s digital yuan pilot, bolstering the number of banks offering CBDC wallets to 60.

Target and Amazon are all-in on the shipping wars, a move retail experts say will help them maintain a competitive edge against low-cost Chinese retailers Shein and Temu. For Walmart and Target, their investments are also aimed at narrowing the gap in delivery speed with Amazon, which has set the standard for fast shipping and remains the king of speed. Amazon packages have been arriving at the doors of Prime customers even faster this year under the company's new distribution model, which divides the country into eight regions and predominantly ships items from warehouses in those areas. The idea, according to Amazon, is to get shipments to travel shorter distances with fewer touchpoints, which helps the company not only speed up deliveries but also cuts down on costs.

North Korea's «reckless» nuclear build-up and missile launches. G7 foreign ministers said in a statement after the launch of Pyongyang's most powerful ballistic missile that «North Korea's repeated reckless actions must be met with a swift, united and robust international response, particularly by the United Nations Security Council».

Futures positioning is currently extended and one-sided after a massive rally in stocks since late October. With profit levels accumulating, there is a potential for short-term profit-taking and headwinds, Citi strategists write.

Fear sells.

MPs were suspended from Parliament during the ongoing Winter Session 2023. The session — which commenced on December 4 — saw 14 suspensions last Thursday, 78 on Monday and 49 on Tuesday. The suspension of Parliament members is the largest in the country’s history.

Global NCAP, Bharat NCAP is poised to initiate its first round of vehicle testing from the specified date. Formally launched in August, it serves as India's independent vehicle assessment program. India joins the ranks of the United States, China, South Korea, and Japan as the fifth country globally to have its own domestic car crash test facility.