China Financial News

Subscribe to enjoy similar stories. ‘Climate Change & You’ is a fortnightly newsletter by Bibek Bhattacharya and Sayantan Bera. Subscribe to Mint's newsletters to get them directly in your email inbox. Dear reader, One of the first things that Donald Trump did when he became president was to withdraw the US from the 2015 Paris climate agreement.

Indian stocks even after an unprecedented losing streak has lowered equity valuations. That’s because the market is still grappling with challenges posed by an economic slowdown, profit downgrades and potential US tariffs. Traders looking for bargains within Asia are gravitating toward still-cheap Chinese equities, which are in the middle of a bull run sparked by developments in artificial intelligence.

Donald Trump. Consumer spending in China has been mired in a slump since the end of the pandemic, fuelling fears of a deflationary spiral. Adding to the pressure is a second term as President Trump, who has since taking office in January slapped sweeping tariffs on Chinese products.

Nifty breaking a three-week losing streak and closing nearly 2% higher despite weak global cues amid the rising threat of tariff wars with multiple trading partners. This rebound was driven by encouraging macroeconomic indicators, a fall in the dollar index, and liquidity infusion by the Reserve Bank of India (RBI). “The metal, capital goods, and energy sectors outperformed due to optimism over China's stimulus and lower crude oil prices. A fall in the dollar index also boosted investor sentiment towards emerging markets, while the US equity markets have declined due to uncertainty over Trump's economic policies,” said Vinod Nair, Head of Research at Geojit Financial Services.

Nirmala Sitharaman said India is close to taking a final call on reducing goods and services tax (GST) rates further and reviewing the levy’s slabs. The revenue neutral rate had dropped from 15.8% when GST was introduced in 2017, to 11.4% by 2023, she said at the 25th ET Awards for Corporate Excellence on Saturday. “Let me dispel any (notion) that GST has made life costlier. Item by item, I would challenge anyone to tell me if there is any one item for which tax rate has gone up after introduction of GST… So, the clue is, it will come down even further,” she told an audience that represented the best of India Inc at the stately National Centre for the Performing Arts in Mumbai. A group of ministers on GST rationalisation has been set up under Bihar deputy CM Samrat Chaudhary.

Nirmala Sitharaman said at a fireside chat at the ET Awards event on March 8. Both sides should have an ambition for a good treaty, and for the sake of Viksit Bharat, India needs to have good traction on that front, the FM said, adding that it still needs to do a lot more to strengthen exports across the board. Each one of the problems that the world in general — and some countries in particular — are facing, such as deflation, tariff or lack of demand, is in fact an opportunity for India — the kind of opportunity the country was waiting for, Sitharaman said.

Gen Upendra Dwivedi on Saturday said there is a «high degree of collusivity,» which must be accepted. «What it means, as far as I am concerned, the two-front threat is a reality,» he said in response to a question on proximity between China and Pakistan during an interactive session at the India Today Conclave here. During the session, he fielded a broad range of questions about the army's preparedness for the future, lessons from ongoing conflicts, the situation in Bangladesh, and at the Line of Actual Control and the Line of Control. «Now, the second thing that you have brought out is collaboration or the relationship between our western neighbour and Bangladesh.

viral meme that hilariously blends Hollywood and global politics. Taking inspiration from The Godfather, the meme reimagines China as Don Corleone, with Canada, Greenland, and Panama stepping into the role of the desperate undertaker Bonasera—seeking favors they once shunned. The meme brilliantly uses the legendary movie dialogue to poke fun at the current geopolitical scenario, where former U.S. President Donald Trump has sparked controversy with his bold statements about bringing Canada, Greenland, and the Panama Canal under American control.

FPIs) have continued their selling spree in Indian equities in March, with total equity outflows amounting to Rs 24,753 crore as of March 7, taking the total to Rs 137354 crore in CY25 so far. However, the pace of selling appears to have slowed down slightly in recent sessions, according to market experts.

Subscribe to enjoy similar stories. A Friday rally can’t hide the fact that the stock market is stuck in an ominous pattern—and it’s not clear what will shake it out. Indexes notched their worst weekly performances in months as markets were whipsawed on tariff news.

Anand Mahindra has once again highlighted an inspiring Indian success story, demonstrating how small-town entrepreneurs are emerging as global business powerhouses. In a recent tweet, the Chairman of Mahindra & Mahindra shared a video showcasing Morbi, a town in Gujarat, and its dominance in the ceramic industry. The video details how Morbi, covering just 50 by 9 km, has become a global ceramic hub, producing 90 per cent of India's ceramics. According to the video, nearly 1,000 family-owned factories in Morbi have been manufacturing tiles and ceramics since the 1930s, successfully competing with China's pricing and matching Italy’s quality. The video states that these businesses collectively control 13 per cent of the world's ceramic production, creating an industry worth thousands of crores and employing approximately four lakh people.

Donald Trump's tariffs. Despite a gain on Friday, the benchmark S&P 500 marked its worst week in six months. The tech-heavy Nasdaq Composite on Thursday ended down more than 10% from its December all-time closing high, confirming it has been in a correction for several months. Investors were grappling with dramatic policy change around the world. Trump's back-and-forth implementation of fresh tariffs on Mexico, Canada and China exacerbated broad concerns about the economy. Markets were also shaken by Germany's surprise spending plans, which drove a selloff in the benchmark German Bund.

Economy and foreign ministers of Japan and Britain agreed Friday to promote free and open international trade at their first “two-plus-two” dialogue on economy held in Tokyo amid growing concern about U.S. President Donald Trump’s tariff threats

Costco Wholesale Corp. says it is looking to reduce its reliance on Canadian products in its stores in the United States in response to tariffs from U.S. President Donald Trump.

Two of the accused—Sergeant Jian Zhao and 1st Lieutenant Li Tian—are both stationed at Joint Base Lewis-McChord (JBLM) in Washington state. Zhao, Tian and ex-soldier Ruoyu Duan from Oregan have all been charged with stealing and selling sensitive national defence information, which also includes details of missile-launch technology and military vehicles.

According to a South China Morning Post report, a demo video posted on X (formerly Twitter) racked up over 200,000 views in less than a day, with tons of comments begging for access. The team claims Manus beats OpenAI’s “Deep Research” AI on a popular test called GAIA (basically like an AI report card). They haven’t shared details about how it works yet, but people are already calling it a glimpse into the future of AI.

Subscribe to enjoy similar stories. US President Donald Trump has been relentless in his pursuit of a tariff overhaul ever since assuming office in January. After making Mexico, China, and Canada his first victims (even though he paused some of the moves for a limited time), and threatening 25% tariffs on all steel and aluminium imports, he then announced his intention to introduce reciprocal tariffs on US’s imports from other countries, including India.

Narendra Modi on Friday sounded alarm over the increasing cases of obesity in India and urged citizens to cut down on their cooking oil consumption to tackle the crisis. Quoting a report by the Lancet journal, Modi said that 44 crore Indians were at the risk of getting obese and called it a 'dangerous' prediction. «A report says by 2050, 44 crore Indians will be obese, which is dangerous,» said PM Modi.

Donald Trump's push to boost American production and exports, ToI reported. However, across-the-board duty reductions may not necessarily translate into higher US shipments to India, as companies are likely to source goods from more competitive markets like China or Southeast Asia. Despite the tariff debates, American brands such as Harley-Davidson and Tesla do not currently manufacture vehicles in the US for export to India. Harley-Davidson, a brand often associated with US presidents, imports its motorcycles from Thailand, while Tesla—on the verge of entering the Indian market—plans to ship its electric vehicles from Germany after Indian authorities discouraged imports from China. Locational advantages, lower freight costs, and economies of scale make it more profitable for companies to manufacture in other countries rather than the US. Many firms also take advantage of India's free trade agreements to ship goods at zero duty.

Donald Trump’s frenzied tariff barrage has been marked by reversals and faulty rollouts, baffling US trading partners and businesses while raising questions about the aims of his signature policy. During his six weeks in office, Trump imposed sweeping Canada and Mexico tariffs, only to pull back with exemptions and deferrals. Confusion has surrounded new import taxes on China. An ambitious proposal to charge duties on previously exempt low-cost packages had to be hastily reversed when it became clear the government lacked the ability to actually collect them. Trump has said tariffs can help achieve his most ambitious goals, from remaking the US economy to raising trillions in revenue. But several hasty announcements have injected chaos into the economy and financial markets, casting doubts about the White House’s trade strategy.

Subscribe to enjoy similar stories. For the world’s carmakers, the inexorable rise of Chinese electric vehicle-maker BYD and its local rivals in recent years has been a brutal lesson in disruptive innovation. China, a market that was once core to their global growth plans, has become a wasteland for their petrol-powered lineups as electric vehicles (EVs) grew from 6.2% of sales in 2020 to 45% last year.