China Financial News

BEIJING (Reuters) — China's industrial output grew 6.6% in November year-on-year, faster than the 4.6% gain in October, and retail sales grew but missed forecasts, adding to signs Beijing's recent flurry of stimulus are helping stabilise the economy.

By Stella Qiu

Hong Kong-based firms have made the first “cross-border” commodity payments with the Mainland Chinese digital yuan, as the CBDC takes its first international steps.

policy environment in 2024 have boosted most Asian currencies versus the dollar, but the rupee's gains have paled in comparison as the Indian central bank looks to build a reserves buffer and preserve export competitiveness amid a global scarcity of the greenback. On Thursday, the rupee closed at 83.3275 per US dollar, just 0.09% stronger than 83.4025/$1 at previous close. Meanwhile, currencies such as the Thai baht and the South Korean won notched up gains of around 2% versus the US dollar on Thursday while the Indonesian rupiah strengthened 1%, Bloomberg data showed. The Malaysian ringgit, the Taiwanese dollar, the Chinese yuan, the Philippine peso, and the Singapore dollar also outstripped the rupee's gains on Thursday, with the domestic currency extending the underperformance it showed versus its Asian peers last month.

By Chris Kirkham

By Jamie McGeever

U.S. officials recently seized more than 1.4 million illegal e-cigarettes from overseas manufacturers, including the company behind Elf Bar

Chinese e-commerce retailer Temu is suing rival Shein again

The rally in Apple Inc., the world’s most valuable publicly traded company, is showing no signs of easing. After closing at a record high on Wednesday, the iPhone maker’s market value is approaching that of Europe’s largest stock market: France. 

Global oil demand growth is slowing down sharply as economic activity weakens in key countries, the International Energy Agency said as it slashed estimates for this quarter.

OUR GUEST this week asks to be introduced properly as a hyper-SUV: The Lotus Eletre, assembled in Wuhan, China, is the first all-electric Lotus of its post-petroleum era. In 2017, Chinese conglomerate Zhejiang Geely Holding Group took controlling interest in the 75-year-old manufacturing concern, based in Hethel, England, and has since spent more than $2 billion turning smoky, drafty old Lotus into Lotus Technology, a luxury electric hothouse. To say Lotus got the better end of the deal is heroic understatement.

Crossfit Golden Gate Gym owner Danielle Rabkin sounds off on San Francisco officials after the city’s homeless and drug problem returned following Xi Jinping’s visit.

A home is in all likelihood the most expensive asset purchase people make during their lifetime. However, when it comes to adequately protecting this asset, we tend to be targets of optimism bias. It is no surprise that home insurance penetration is just about 1% in India. This is in stark contrast to countries like US, UK, France, Australia and China that have home insurance penetration in the range of 90-97%.

Edelman Smithfield global head of financial services Andrew Wilde speaks to Bim Afolami

It’s been a great year for stock markets around the world

The World Bank is forecasting that China's economy will slow next year, with annual growth falling to 4.5% from 5.2% this year

The defense ministers of Japan, Britain and Italy have signed an agreement to establish a joint organization to develop a new advanced jet fighter, as the countries push to strengthen their cooperation in the face of growing threats from China, Russia ...

Treasury Secretary Janet Yellen says former President Donald Trump’s economic policies toward China left America “more vulnerable and more isolated” in the global economy

Investing.com — Oil prices slumped on Tuesday, as traders fretted over the diminishing prospect of an impending pivot in Federal Reserve interest rate policy early next year.

Global Guardian CEO Col. Dale Buckner comments on threats facing the U.S. in China and the Middle East.

The IMF's Gopinath added the economic costs of Cold War II 'could be large' because the world is now even more integrated.