China Financial News

Chinese electric vehicle maker, XPeng Motors (NYSE:XPEV) announced Wednesday that the international model of their XPeng G9 SUV has received a five-star 2023 safety rating from Euro NCAP.

A technology-focused China equity fund outperforming 98% of peers this year advises caution over the frenzy in artificial intelligence themes, saying it might be the biggest underpriced risk in the market.

Duqm Port in Oman will be a key focus when Prime Minister Narendra Modi hosts Sultan of Oman Haitham bin Tarik here later this month. This will be Haitham bin Tarik's maiden trip to India since taking over as Oman's Sultan following demise of his predecessor Qaboos bin Said Al Said, who shared close and special bonds with India. Oman will inaugurate two key infrastructure projects in the Duqm Port complex ahead of the Sultan's India trip and facilities for India at the port will figure high on the agenda. Muscat has given facilities to the Indian Navy in Duqm Port to facilitate their presence in the Indian Ocean Region. The port overlooks the Gulf of Oman, the Indian Ocean and the Arabian Sea.

India bond markets have witnessed quite a bit of volatility in the last few months. The yields on the 10-year government bonds fell from 7.45% to 7% and have risen back to 7.25-7.35% due to rise in US bond yields and crude prices

The generative AI boom has sent governments worldwide scrambling to regulate the emerging technology

China has intensified a crackdown on online scams operated in border areas of Myanmar

An audit commissioned by Volkswagen has found no indication of forced labor at its plant in China’s Xinjiang region, where Western governments have accused the Chinese government of human rights violations against the Uyghur ethnic minority

Indian equity indices continued their rally for the seventh straight session to hit fresh record highs on Wednesday. The rally was driven by gains in Reliance Industries, ITC and L&T amid persistent foreign fund inflows. Foreign institutional investors (FIIs) on Wednesday sold stocks of Indian companies worth ₹11,916.30 crore and bought stocks for ₹11,836.42 crore, resulting in an outflow of ₹79.88 crore, according to NSE data.

Belt and Road Initiative (BRI) of China, four years after signing the project, news agency AFP reported Wednesday citing a government source. Italy in 2019 became the first and so far only G7 nation to join the programme. Rome communicated the long-anticipated decision to Beijing three days ago, Italian newspaper Corriere della Sera, which first reported the news, said.

India is seen as a rising star among Asian peers along with Indonesia and Philippines in 2024 to emerge as one of the fastest growing economies in the region foreign brokerage and Investment Bank Nomura said. Despite a slowdown in investment and consumption, coupled with global spillovers leading to disappointing GDP growth of 5.7% in 2024, it is going to be one of the fastest growing economies along with the Philippines in the region. The projection reinforces the popular view of a pause in policy rates by the monetary policy committee this week even as inflation worries continue. “We remain optimistic on the medium-term outlook, but strong near-term growth momentum is unlikely to be sustained into 2024” said Sonal Varma and Aurodeep Nandi, India economist at Nomura.

draft of the National Strategy on Robotics. Robotics has been receiving a lot of attention lately as one of the27 focus sectors under the Make In India 2.0 initiative. Here you can hear the union minister of electronics and information technology talk about the potential of AI and robotics in India.

When the Center for Strategic and International Studies simulated a war between the U.S. and China over Taiwan, the wargame ended with Taiwan still free, at grievous cost. The U.S.

Vishal Thakkar, Deputy CFO, Anupam Rasayan, says “there has been a bit of a blip for a few quarters. We might see it for a quarter or two more and then we should be back on the growth path, that is what I think we are seeing as an industry. For Anupam also, we have been fairly flattish to little on the upside as far as growth is concerned. Probably, this quarter also will be kind of similar and in Q4 of this financial year, we should start seeing the growth back in our journey as well.” What is your overall outlook on the chemical sector as a whole because I understand there are some concerns right now with respect to destocking that could end soon. There has been high competition due to the recovery in China and the China oversupply impacting a lot of branded and generic sales. Can you give us a round up? The industry has been seeing a bit of headwinds, especially regarding the destocking issue. Yes, the channels had a little bit more inventory than what the market was comfortable with and the industry is unwinding it and that is pushing the demand for the backstream guys a little further for a few quarters. China is coming in and that also is increasing the market supply and reducing the demand for the industry.

startups as on October 31, Parliament was informed on Wednesday. These eligible firms are allowed to seek fiscal incentives under the Startup India Action Plan, which was launched in January 2016, and that includes income tax exemption for three years. Replying to a question in the Lok Sabha, Commerce and Industry Piyush Goyal said the action plan includes 19 items spanning across areas such as simplification and handholding, funding support and incentives and industry-academia partnership and incubation.

SHANGHAI/HONG KONG (Reuters) — Moody's (NYSE:MCO) negative outlook on China has intensified Beijing's battle with market bears, raising pressure on the government for more forceful measures to prop up sinking stocks and stabilise the yuan as investor confidence deteriorates.

BERLIN (Reuters) -Volkswagen must provide more transparency in its value chain and ensure its China operations are regularly reviewed, two of the carmaker's investors said on Wednesday, after an audit of its jointly owned Xinjiang site found no sign of forced labour.

Investing.com -- Markets are awaiting the release of more labor market data on Wednesday, as investors attempt to gauge if the Federal Reserve may soon start to retreat from a period of aggressive policy tightening. Elsewhere, Elon Musk's artificial intelligence start-up xAI looks to raise $1 billion from investors, while Nvidia (NASDAQ:NVDA) boss Jensen Huang says that the AI semiconductor manufacturer is working closely with the U.S. to develop chips that comply with Washington's curbs on exports to China.

The presence of U.S. military bases on the Japanese island of Okinawa, regularly used by Canadian Armed Forces members, is coming under criticism from locals who are Indigenous to those lands.

(Reuters) — The global wind power sector will add less capacity in the next decade than previously expected due to financial trouble in the U.S. offshore wind industry and sluggish approval and project execution in China, consultancy Wood Mackenzie said on Tuesday.

Make in India'. The ambitions have had a heroic journey to grow sinews that makes the Prime Minister of world's fifth largest economy to now vouch for 'Make for the world'. There are still miles to go before India laps up a significantly greater share of what the world consumes.

In terms of positives, the analysts highlighted abrdn’s large Asian equities team, increased size and more flexible investment mandate post-merger with abrdn New Dawn.