China Financial News

One mover was gold, which climbed to $2,009 an ounce and briefly hit a six-month top of $2,017.82. The approach of month end could also cause some caution given the hefty gains investors are sitting on. Japan's Nikkei (.N225) eased 0.3%, but it still up 8.6% so far in November. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) also dipped 0.3%, giving it a monthly gain of 6.4%. Chinese blue chips (.CSI300) lost another 1.1%, and have missed out on all the global cheer with the market down 2% in November so far. China's central banks announced it would encourage financial institutions to support private companies, but was short on detail. EUROSTOXX 50 futures eased 0.2%, while FTSE futures fell 0.1%. S&P 500 futures eased 0.2%, and Nasdaq futures lost 0.4%.

Xi Jinping Thought in the New Era of Socialism with Chinese Characteristics." A billboard-sized image of Mr Xi, China’s leader, waves to visitors as they enter the lobby. In a nearby factory NHI’s tunnel-boring machines, used for digging metro lines, rise four storeys into the air. The company was founded by the state many decades ago.

Every month, Mint’s Plain Facts section brings out an update on key global economic data to thread together the biggest developments in the world that are worth paying attention to. The accompanying analysis and charts attempt to explain how each story is creating ripples on the global stage, where it is headed in the coming weeks, and whether it can impact India. This time, we explain incoming central bank decisions in various countries, and the deflation in China that’s raising questions about its growth prospects.

TikTok maker ByteDance is set to internally announce on Monday the winding down of its Nuverse gaming brand and full retreat from mainstream video games, four people familiar with the matter told Reuters. The Chinese technology firm has no plan to return to the $185 billion global video games market, said the people, who declined to be identified as the information is not public.

smartphone maker Realme said it had shipped more than 200 million phones since it was established a little over five years ago, most of them outside China, with data showing it was the fifth fastest smartphone maker to achieve this milestone. Realme, owned by Chinese consumer hardware giant BBK Electronics which also owns the Oppo and Vivo brands, said it had reached the 200 million mark in the second quarter.

The OECD's Crypto-Asset Reporting Framework will require crypto platforms to share taxpayer information with tax authorities.The UK government says that the standard could potentially recoup hundreds of millions of pounds in lost revenue.“Today we are sending out a strong message that we will not allow criminals to use crypto to avoid paying their fair share,” says Financial Secretary to the Treasury, Victoria Atkins.The 48 signatories to the agreement encouraged other countries to join them.

By Jamie McGeever

Lava plans to pump in over ₹500 crore into research and development, and marketing in the next two years, targeting 100% year-on-year growth in the coming years with a focus on '5G-fying' the budget smartphone segment, newly elevated managing director Sunil Raina told ET. The company has seen its revenue triple in the past three years since relaunching its smartphone brand in 2020, while its volumes have grown 2.5 times, underpinning a resurgence after being pushed out of the market by Chinese brands since its peak in 2014. «My top priority is to see how to bring more value to the consumers. Secondly, it is to make sure that we grow at least at a 100% rate for the next 3-4 years, that's the key objective.

Scores of hostages have been freed, and the pause in the fighting has also allowed humanitarian relief to reach thousands. This may not be the end of the conflict, which has claimed over 11,000 lives since Hamas’ 7 October terror attack. But how exactly did we get here? The truce was brokered by the United States, Qatar, and Egypt.

ALSO READ: PM Modi to attend UN climate talks in Dubai on December 1 "If you see a startup growing, does that mean it doesn't have any flaws? That it's the best in the world? That you're going to use it for everything right away? No, of course not. But you might start using it, and putting money into it, and talking about it to your friends.

Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla’s China price change; Ford resumes construction; and VW boosts wages.

By Hyonhee Shin

Investing.com — With investors on tenterhooks over when global interest rates might start to fall, upcoming inflation data this week will be in focus. OPEC+ meets to discuss oil output cuts and data from China will give fresh insights on the economic outlook for the world’s number-two economy. Here’s what you need to know to start your week.

World Health Organization (WHO) raised concerns over the country reporting "clusters of pneumonia in children". If not a new virus, then what is causing respiratory infections in northern China? China's National Health Commission spokesperson said on Sunday that acute respiratory diseases continue to rise in the country and that it is being caused by the flu and other known pathogen.

Thailand, and Sri Lanka, now Malaysia has declared that they will scrap entry visa requirements for citizens of India visiting the nation beginning 1 December, according to Prime Minister Anwar Ibrahim. The move comes as the nation looks to boost its tourism industry and Indians and Chinese form the largest chunk of tourists all over the world.

Malaysia will scrap entry visa requirements for Indian citizens visiting the nation beginning December 1, Bloomberg reported, citing Prime Minister Anwar Ibrahim. Indian nationals may stay for up to 30 days visa-free, Anwar said in a speech at his People’s Justice Party’s annual congress in Putrajaya on Sunday. However, Indian nationals would be subject to security screening, he added. Along with Indian citizens, Chinese nationals will also be allowed visa-free entry from December 1, the prime minister said. Malaysia is counting on extra tourist arrivals — and their spending — to support economic growth. Anwar last month announced plans to improve visa facilities next year to encourage the entry of tourists and investors, “especially from India and China.” Malaysia will scrap entry visa requirements for citizens of China and India visiting the nation beginning Dec. 1, according to Prime Minister Anwar Ibrahim. Chinese and Indian nationals may stay for up to 30 days visa-free, Anwar said in a speech at his People’s Justice Party’s annual congress in Putrajaya on Sunday. This would be subject to security screening, he added.

China's Huawei said on Sunday it will move core technologies and resources in its smart car unit, which has chalked up robust sales for a number of new vehicles, to a new joint company owned up to 40% by automaker Changan Auto. The new company will engage in research and development, production, sales and service of intelligent automotive systems and component solutions, Huawei said in a press release. «The new company will… work with partners to promote innovation and leadership in smart car technology and promote the prosperity and development of the automotive industry,» the release said.

Union health ministry has asked the states and Union Territories (UTs) to closely monitor trends of influenza-like illness (ILI) and severe acute respiratory illness (SARI), following reports indicating a surge in respiratory illness among children in northern China. It also reviewed the preparedness against respiratory illnesses across the country. Union health secretary Sudhansh Pant advised the states and UTs to “immediately” review public health and hospital preparedness measures, including availability of hospital beds, drugs and vaccines for influenza, medical oxygen, antibiotics, personal protective equipment, testing kits and reagents, functionality of oxygen plants and ventilators, and infection control practices in health facilities. The health ministry said it is “closely monitoring” the situation and that there is “no need for any alarm”. States and Union Territories have also been advised to implement ‘Operational guidelines for revised surveillance strategy in the context of Covid-19’ shared earlier this year which provides for integrated surveillance of respiratory pathogens, it said. They have also been asked to ensure that the spread of ILI and SARI be closely monitored by the district and state surveillance units of Integrated Disease Surveillance Project (IDSP), particularly among children and adolescents.

public health situation in China, the health ministry has taken a proactive stance, deciding to review preparedness measures against respiratory illnesses. The ministry has advised all States and Union Territories (UTs) to promptly assess public health and hospital preparedness and implement the 'Operational Guidelines for Revised Surveillance Strategy in the context of COVID-19.' Given the evolving situation, the ministry underscores the importance of closely monitoring trends related to Influenza-Like Illness (ILI) and Severe Acute Respiratory Infection (SARI) at the district and state levels.

Battery giants are starting to put their money on new sodium-based technology, a sign that there could be yet another shakeup in the industry that’s crucial for the energy transition. Sodium — found in rock salts and brines around the globe — has the potential to make inroads into energy storage and electric vehicles because it’s cheaper and far more abundant than lithium, which currently dominates batteries. But while chemically and structurally similar, sodium has yet to be used on a large scale, partly due to the better range and performance of similarly sized lithium cells. That could be about to change.

They said that the present situation is not alarming but if the illness spreads to other parts of the globe, it will have an impact on world trade as China is a hub of global manufacturing and exports. The government on November 24 stated that India is prepared for any kind of exigency that may emerge from the current influenza situation in China and it is monitoring the outbreak of H9N2 and clusters of respiratory illness in children in that country. There is a low risk to India from the avian influenza, H9N2, cases reported in China as well as the clusters of respiratory illness, the Union health ministry has said. Some media reports indicated a clustering of cases of respiratory illness in children in northern China for which the World Health Organization (WHO) has also issued a statement. Leading leather exporter and Farida Group Chairman Rafeeq Ahmed said: “We are cautiously watching the situation. If the diseases spread, it will have an impact on trade”. Sharing similar views, Federation of Indian Export Organisations (FIEO) Director General Ajay Sahai said: “We are definitely concerned and most of the things depend on its spread.