China Financial News

The International Monetary Fund upgraded its projections for China’s annual economic growth this year and next as the nation recorded a stronger-than-expected performance in the third quarter and Beijing rolled out policies to support the recovery.

livestreaming platform has not been seen in public for weeks, state-run media outlets reported, after an investigation into illegal content on his site. DouYu founder and CEO Chen Shaojie has not been seen since October and industry insiders believe it is related to suspected gambling during a livestream on the platform, The Paper, a government-run outlet based in Shanghai, reported Monday.

Intel is the leading candidate to potentially receive billions of dollars in government funding for secure facilities producing microchips for U.S. military and intelligence applications. The facilities—which have yet to be disclosed publicly—would be explicitly designated as a “secure enclave," according to people familiar with the development.

When Xi Jinping celebrated a decade of Beijing-funded global development last month, he said the effort has focused on “on enhancing connectivity." New figures show just how closely China has linked itself to other nations. China is the world’s No. 1 source of international development finance, with some $1.34 trillion in loans and grants disbursed over 22 years for 20,985 projects in 165 low- and middle-income nations, according to a compendium published Monday.

fire. American and Taiwanese researchers who have studied PLA logistics think they have identified some weaknesses. They include a shortage of heavy-equipment transporters, over-reliance on roads and railways (which can be easily targeted) and small numbers of logistics personnel assigned to combat units, according to Joshua Arostegui and J.R.

defence requirements along its borders with neighbouring China and Pakistan, he said. Also Read: Defence Minister Rajnath Singh approves extension of maternity, child care leaves for women in Armed Force.

Tesla will enter India next year. India's Prime Minister's Office has told relevant departments to fast-track Tesla's proposed investment in India by January 2024, ET has reported. Tesla's entry will put a stamp of maturity on India's car market, the third biggest in the world after China and the US.

Investing.com — European stock markets edged largely lower Tuesday, as investors digested weak German industrial output data as well as more quarterly corporate earnings.

BEIJING/SHANGHAI (Reuters) -Baidu ordered artificial intelligence chips from Huawei this year, two people familiar with the matter said, adding to signs that U.S. pressure is prompting Chinese acceptance of the firm's products as an alternative to Nvidia (NASDAQ:NVDA)'s.

SHANGHAI (Reuters) — Japan's Toyota Motor (NYSE:TM) has told dealers that it will extend a plan to reduce output at one of its joint ventures in China, where it faces rising competition.

country's growth forecast to 5% and 4.2% in 2023 and 2024 respectively. In an official statement, the IMF said that GDP growth could slow to 4.6% in 2024 because of continued weakness in China's property sector and subdued external demand, Reuters reported.

BEIJING (Reuters) -The International Monetary Fund on Tuesday upgraded its 2023 gross domestic product growth forecast for China to 5.4% from 5%, citing a «strong» post-COVID-19 recovery, but said the fund still expected the world's second-biggest economy to slow next year.

The benchmark Nifty50 is expected to scale 21,000-mark by the next Diwali, according to over 56% of the 16 respondents who participated in the survey conducted by ETMarkets on what the new year for Dalal Street will look like. Since last Diwali, the 50-stock index has net gained 9.5%, and the 21000-level target for Nifty50 implies a somewhat similar quantum of gains from the current levels. The bullish optimism among money managers for the next year comes despite the general elections on the anvil. While events such as these will bring in short-term volatility, the structural growth story of India remains intact and this is likely to drive strong capital inflows, according to money managers. Key Drivers General elections will be one of the major events that will drive domestic equities.

Dennis Bastas, the billionaire businessman behind the country’s largest generic drug supplier, is one of several parties in the final stages of the auction of BWX’s skincare brand Sukin and its production site.

LLM in town. Nearly a year after OpenAI’s ChatGPT made waves, leading to an artificial intelligence (AI) race among the world’s tech giants, notably Microsoft, Meta and Google parent Alphabet, a China-based AI startup is giving Silicon Valley a run for its money.

mobile phone brand Lava has appointed Sunil Raina as the interim managing director, assuming his role with immediate effect after approval from the board, following the arrest of co-founder and managing director Hari Om Rai in a money laundering case by the enforcement directorate. Following the elevation, Raina will become a whole-time director of the company following approval of the board of directors on November 6. Raina, who has been serving as the President and Business Head of the mobile phone brand since the past five years comes with an experience of more than two decades having worked extensively in marketing, strategy, product development, communications, sales and distribution functions. “We are in a fast paced growth phase of our brand journey and we see a great opportunity ahead. I'm pleased to take on this role and eager to contribute to Lava's continued success through consistent innovation and delivering exceptional quality to our consumers,” Raina said. Rai was arrested as part of an investigation into alleged money laundering by Chinese smartphone brand Vivo.The ED alleged that 23 companies under Vivo India helped the company funnel Rs 62,476 crore of its sale proceeds illegally to China.

Shares have mostly fallen in Asia after a mixed close on Wall Street

China has reported that its imports rose in October while exports fell for a sixth straight month compared with a year earlier

Australian Prime Minister Anthony Albanese is calling for the “full resumption of free and unimpeded trade" with China in a meeting with Chinese Premier Li Qiang

Most news and commentary describes the war in Gaza as the latest brutal episode in the conflict between Israelis and Arabs. That is one dimension, but from the perspective of world-power politics, it isn’t the most important. What really matters in the Middle East is the battle between Iran, increasingly backed by Russia and China, and the loose and uneasy group of anti-Iranian powers that includes Israel and the American-backed Arab states.

Serena Ng contributed to this article. Write to Dave Sebastian at [email protected] and Rebecca Feng at [email protected]