China Financial News

how to regulate it. It started off with the US springing a surprise with Joe Biden’s executive order requiring AI majors to be more transparent and careful in their development. This was followed by the Global AI Summit convened by Rishi Sunak; attended by 28 countries (China included) and boasting the star power of Elon Musk, Demis Hassabis and Sam Altman, it led to a joint communique on regulating Frontier AI.

BEIJING — Chinese startup Li Auto sold more cars than Tesla's China business did in October, according to the China Passenger Car Association.

By Stephen Nellis, Max A. Cherney and Fanny Potkin

Ether (ETH) experienced a surprising 8% rally on Nov. 9, breaking the $2,000 barrier and achieving its highest price level in six months. This surge, triggered by news of BlackRock registering the iShares Ethereum Trust in Delaware, resulted in $48 million worth of liquidations in ETH short futures. The initial announcement was made by @SummersThings on a social network, later confirmed by Bloomberg ETF analysts.

BEIJING/HONG KONG (Reuters) — When China's largest developer Country Garden first skipped debt payments in August, its shares tumbled 14%, marking a reversal of fortunes: from industry poster child to another troubled property company struggling to pay its creditors.

(Reuters) — U.S. genetic testing Illumina (NASDAQ:ILMN) on Thursday trimmed its annual profit forecast for the second straight quarter, hurt by weakness in demand for its sequencing instruments, consumables and services.

Honda has reported that its profit jumped 34% in the July-September quarter from a year earlier as a cheap yen helped boost the Japanese automaker’s overseas strong earnings thanks to healthy demand, especially in the U.S. Honda’s profit rose to 254 bi...

A New York-based climate watchdog says the French oil company TotalEnergies is failing to protect the sanctity of hundreds of graves in a controversial project that aims to build a heated pipeline from oil fields in Uganda to a port in Tanzania

Treasury Secretary Janet Yellen says the United States has no desire to break economic ties with China

Nissan has reported that its profit zoomed more than 10-fold in the last quarter from a year before, boosted by a weak Japanese yen and strong vehicle sales around the world

By Pete Schroeder

Indian solar panel manufacturers are grappling with the influx of cheaper Chinese imports funnelled through intermediary countries such as Vietnam, Malaysia, and Singapore as Chinese companies exploit Free Trade Agreement (FTA) loopholes to export to India. Despite New Delhi's imposition of a 40% customs duty on solar modules and 25% on solar cells in April 2022 to boost domestic production and reduce Chinese imports, companies in China are finding ways to bypass these high tariffs and continue supplies to Indian solar farm developers. The Chinese companies have effectively utilised this strategy in the past to evade local tariffs, as demonstrated by a year-long investigation in August 2023 by US federal authorities, which revealed that five Chinese solar panel firms had circumvented tariff regulations by channelling their operations through countries such as Cambodia, Malaysia, Thailand, and Vietnam. Following the imposition of tariffs, direct Chinese exports to India have declined, but from April to August 2023, imports of solar panel modules from Vietnam and Malaysia have surged, accounting for 60% of all such imports into India, with majority of these products originating from Chinese companies. Indian manufacturers say the imports are hurting domestic industry as the Chinese firms are resorting to dumping their products by misusing the FTA route.

Former Deputy Assistant Treasury Secretary Christine McDaniel discusses Janet Yellen's trip to China, the Biden administration's 'Bidenomics' tour and the UPS, Teamster labor talks.

BRUSSELS (Reuters) — Alphabet (NASDAQ:GOOGL)'s YouTube and TikTok have been given a Nov. 30 deadline by the European Union to reply to an information request on how they protect children from illegal and harmfulcontent, the European Commission said on Thursday.

By Bansari Mayur Kamdar

Miami, where Donald Trump's absence and the dynamics between the contenders took center stage. The event highlighted a notable focus on internal party dynamics, election losses, the abortion dilemma, and confrontations among candidates.

By David Lawder

By Lananh Nguyen

Investing.com — Oil prices rose Thursday, recovering from near four-month lows although concerns over a slowdown in global crude demand remain.

₹4,917 crore, a fall of 3.76% YoY (Year-on-Year). The company secured three new non-coking coal mines last fiscal (Utkal B1, B2, and C in Odisha, Gare Palma IV/6 in Chhattisgarh), which are set to commence operations early.

In this article