China Financial News

NEW DELHI : JSW Group has entered into a joint venture with China’s SAIC Motor, which markets MG Motor cars in India, and will own a 35% stake in the new entity that will focus on manufacturing electric vehicles in the country. The rest of the ownership has not been decided yet, company executives said. JSW Group’s Parth Jindal and SAIC Motor’s president Wang Xiaoqiu signed agreements for the transaction at the MG Motor office in London, the companies said on Thursday.

Arvind Panagariya said on Thursday. India's economy grew 7.6 per cent in the September quarter of this fiscal and remained the fastest-growing large economy, mainly due to better performance by manufacturing, mining, and services sectors, the government data showed on Thursday. The Gross Domestic Product (GDP) expanded 6.2 per cent in the July-September period.

Dixon Technologies' subsidiary Padget Electronics will manufacture Xiaomi smartphones at its new Noida factory that has been set with Rs 256 crore investment, it said on Thursday. The factory was inaugurated by IT Minister Ashwini Vaishnaw which is likely to generate around 5,000 new jobs. The manufacturing facility has an annual production capacity of 25 million units.

GDP numbers driven by a strong rebound in the manufacturing sector suggest that private capex spending is gaining steam, experts said. India's economy grew 7.6 per cent in the September quarter of this fiscal and remained the fastest-growing large economy, mainly due to better performance by manufacturing, mining and services sectors, the government data showed on Thursday.

Edinburgh Zoo before they embark on their journey back to China. Yang Guang and Tian Tian have been residents of Edinburgh Zoo since 2011 through a 10-year agreement between the Royal Zoological Society of Scotland (RZSS) and the China Wildlife Conservation Association. The panda enclosure will be off-limits from 3:30 pm on Thursday as preparations begin for their departure in early December.

₹500 crore in domestic box office collections within nine months and make for the top three highest grossers of all time in the Hindi language. Until 2023, the highest Hindi language grosser was Aamir Khan’s Dangal, which had made ₹387.38 crore when released in 2016.

(Reuters) -Some major banks expect global economic growth to ease further in 2024, squeezed by elevated interest rates, higher energy prices and a slowdown in the world's two largest economies.

Billionaire investor and CEO of Galaxy Digital Mike Novogratz has expressed an optimistic outlook for assets like Bitcoin (BTC), gold, and silver as the Federal Reserve undergoes a shift in its monetary policy.

Meta Platforms' advertising-free subscription service, a fee-based offering rolled out in Europe this month, breaches EU consumer laws, Europe's largest consumer group said on Thursday as it took its grievance to consumer protection authorities. The joint complaint from the European Consumer Organisation (BEUC) and 18 of its members to the network of consumer protection authorities (CPC) came two days after advocacy group NOYB filed a complaint with the Austrian privacy watchdog, saying Meta's new service amounted to paying a fee to ensure privacy.

China's defence ministry on Thursday rejected a Philippine claim that Chinese fighter jets flew past joint patrols being conducted by the Philippines and Australia. What the Philippines said is «groundless» and «not true», said a ministry spokesperson at a monthly press conference. Manila said on Sunday that two Chinese fighter jets were seen «orbiting» a Philippine aircraft participating in patrols with Australia in the South China Sea but did not cause any untoward incident. What the Philippines said is sheer «malicious» hype, the spokesperson said.

Henry Kissinger for his «historic contributions» to China-US ties, describing him as an «old and good friend of the Chinese people». Kissinger «had long been concerned about and supported the development of China-US relations, visiting China more than a hundred times and making historic contributions to promote the normalisation of China-US relations», foreign ministry spokesman Wang Wenbin said. «During his life, Dr. Kissinger attached great importance to China-US relations and believed that they were vital to the peace and prosperity of the two countries and the world,» Wang said. Kissinger, a former US secretary of state whose unapologetic promotion of raw American power helped shape the post-World War II world, died on Wednesday. In China he is granted the sobriquet of «old friend of the Chinese people» for his part in establishing ties in the 1970s and helping bring the country out of its Mao-era isolation. Chinese leader Xi Jinping, who met Kissinger in Beijing in July, has sent a message of condolence to US President Joe Biden over his death, Wang said. Premier Li Qiang and Foreign Minister Wang Yi have also sent messages of condolence, he added. «Both China and the United States should inherit and carry forward Dr.

Gurmeet Chadha, Managing Partner & CIO, Complete Circle Consultants, says “Tata Tech is a beautiful company with great digital engineering capabilities. But paying 70-80 times trailing right now with the market also being at a high and the sector facing a lot of headwinds does not make sense at this price to me. But if it comes lower, maybe in three-digits, I would probably want to add it in a staggered manner over a long term.” What does one do now — chase the Tata Tech stock or just wait it out? First, kudos to the Tata Group. This stock probably can be acquired in a staggered manner. This has bridged the premium valuation gaps which the Tata Group had with Elxsi, KPIT, although strictly not comparable. Difficult to really add at this price right now. I was hoping to add probably at Rs 800-900 and then maybe over a three-month period, if you get slightly better prices, it should be a core portfolio stock.

Geneva, New York and Hong Kong, the Economist Intelligence Unit (EIU) said on Thursday as it cautioned that the global cost-of-living crisis was not yet over. On average, prices have risen by 7.4% year on year in local currency terms for over 200 commonly used goods and services, a drop from the record 8.1% increase last year but still "significantly higher than the trend in 2017-2021," it said in a report.

climate summit convened by the UN, COP28 , which opens in Dubai on November 30th, one group is sure to have an outsize voice. These are the small island developing states (SIDS). Their club numbers just 39 full members and 18 associates.

Henry Kissinger, who died on November 29, at age 100, greatly influenced global affairs under Presidents Richard Nixon and Gerald Ford between 1969 and 1977, garnering both vilification and the Nobel Peace Prize. However, there were many incidents which reflected his hatred towards India. Kissinger was born May 27, 1923, in Fürth, Germany, and fled Nazi Germany with his family in 1938.

Outdoor air pollution from all sources accounts for 2.18 million deaths per year in India, second only to China, according to a modelling study published in The BMJ. The research found that air pollution from using fossil fuels in industry, power generation, and transportation accounts for 5.1 million extra deaths a year worldwide.

Redmi 13C 5G smartphone in India with a focus on the ₹10,000 smartphone segment. The Redmi 13C 5G will be a successor to the already popular Redmi 12C, which was launched in March this year. The Redmi 13C made its debut in Nigeria earlier this year and is all set to be launched in India on December 6, Redmi confirmed in a social media post.

Investing.com-- Japan’s Nikkei 225 and South Korea’s KOSPI were the best performers in Asia in November as the prospect of a less hawkish Federal Reserve boosted risk assets across the region. 

Investing.com-- Most Asian currencies kept to a tight range on Thursday tracking weak economic signals from China, while the dollar steadied from recent losses as markets awaited a key inflation reading due later in the day.

Henry Kissinger, a controversial Nobel Peace Prize winner and diplomatic powerhouse whose service under two presidents left an indelible mark on U.S. foreign policy, died on Wednesday at age 100, according to his geopolitical consulting firm Kissinger Associates Inc.Kissinger died at his home in Connecticut, Kissinger Associates said.Kissinger had been active past his centenary, attending meetings in the White House, publishing a book on leadership styles, and testifying before a Senate committee about the nuclear threat posed by North Korea.

Nifty 50 reclaiming the psychological 20,000 levels, silver price rally outshined 50-stock index in the month of November. In November till date, silver price has rallied to the tune of 6 per cent in domestic market whereas in international market, the precious white metal has risen more than 9 per cent, a return which is much higher than public providend fund (PPF) or bank fixed deposit (FD) returns.