China Financial News

06.03 / 09:17

Target economy President country reports gatherings strain China has more room to act on fiscal policy amid global uncertainties, finance minister says

BEIJING — China has more room to act on fiscal policy amid domestic and external uncertainties, Finance Minister Lan Fo'an told reporters on Thursday.

06.03 / 07:51

UPS President country Department SOLIDARITY peace Mint Explainer: The ripple effects of Trump pulling the plug on Ukraine

Subscribe to enjoy similar stories. Early indicators suggest the US economy is slowing even as US President Donald Trump’s additional import tariffs on China, Canada and Brazil kicked in on Tuesday. Trump also paused military aid to Ukraine on 4 March following a televised clash with Ukrainian President Volodymyr Zelenskiy at the Oval office last week.

06.03 / 07:51

markets UPS economy Trade President War country Trump’s tariffs are the toughest since the Great Depression. The dangers we’ve forgotten.

Subscribe to enjoy similar stories. The Smoot-Hawley Tariff Act of 1930 is blamed for deepening the Great Depression. Don’t tell that to the Trump administration, which just unveiled the toughest tariffs in almost a century.

06.03 / 07:39

Ethereum Volatility Bitcoin Bitcoin Price Drop market decline crypto market volatility Bitcoin drops 10% to $83,700 as Trump’s tariffs shake markets; Solana, Ethereum plunge up to 25%

Bitcoin and other major cryptocurrencies slumped on Tuesday as investor optimism over a proposed US Crypto Strategic Reserve faded. The decline also came amid escalating trade tensions, with US President Donald Trump confirming tariffs on Canada, Mexico, and China would take effect within hours. Investors turned risk-averse after Trump announced that 25% tariffs on Canada and Mexico, along with a doubling of China levies to 20%, would be implemented from 05:01 GMT on Tuesday. Market concerns were further fueled by signs of economic strain, with U.S. factory gate prices hitting a nearly three-year high and supply chain disruptions intensifying.

06.03 / 07:31

markets economy War RAI travelers evacuation PM Modi pitches for round the year tourism in Uttarakhand, says it will boost economy

Uttarakhand if they come to the state in the winter. «The government's vision of round the year tourism will strengthen the economy and create jobs for the youth,» he said. «We want border areas to reap the benefits of tourism,» Modi added.

06.03 / 06:59

UPS economy Trade President War isolate Relationships China is secretly worried Trump will win on trade

Subscribe to enjoy similar stories. Soon after Donald Trump won the presidential election in November, Xi Jinping asked his aides to urgently analyze the Cold War rivalry between the United States and the Soviet Union. His concern, according to people who consult with senior Chinese officials, was that as President Trump gears up for a showdown with Beijing, China could get isolated like Moscow during that era.

06.03 / 05:49

markets Digital RAI testing travelers Features China unveils 'world's fastest train' CR450 that travels at 400 kmph

The train offers larger cabins, noise reduction, and adjustable storage for bicycles and wheelchairs. China, with the world's largest high-speed rail network (47,000 km), plans to use the CR450 to shorten travel times, like the Beijing-Shanghai route from 4.5 hours to just over three. A commercial launch could happen as early as next year.

06.03 / 05:45

markets Career economy Trade students War rights B-schools bet on external coaches to help students navigate placements

Subscribe to enjoy similar stories. India's top B-schools, including Indian Institute of Management-Ahmedabad (IIM-A), are betting on external coaches and counsellors to help students ace the placements at a time when the job market has turned uncertain amid a slowing economy, set to be exacerbated by a trade war unleashed by US president Donald Trump.

06.03 / 03:13

markets UPS security BlackRock Trade President Trump plans executive order to strengthen US shipbuilding, blunt China domination

President Donald Trump is drafting an executive order that would also establish a Maritime Security Trust Fund as a dedicated funding source and create shipbuilding incentives through the use of tax credits, grants and loans, according to a draft fact sheet of the 18-point plan. «The White House is standing up an office at the National Security Council to lead a whole-of-government effort to strengthen the maritime industrial base,» the document said, following Trump's announcement of the plans during an address to Congress on Tuesday.

06.03 / 03:13

markets UPS Trade President country International India seeks Rupee’s global reach, but no plan to replace US dollar: EAM S Jaishankar

External Affairs Minister Dr S Jaishankar, currently on a visit to the United Kingdom, has addressed key global economic issues, including the role of the US dollar, BRICS' position on de-dollarisation, and the internationalisation of the Indian rupee. Speaking at Chatham House in London, he dismissed speculation that India is working to replace the US dollar as the world’s primary reserve currency. «I don't think there's any policy on our part to replace the dollar. As I said, at the end of the day, the dollar as the reserve currency is the source of international economic stability, and right now, what we want in the world is more economic stability, not less,» he said.

06.03 / 02:35

markets Racing Analysis economy Trade War country Investors spy the dawn of a tectonic shift away from US markets

China unlocked more stimulus on Wednesday and promised greater efforts to cushion the impact of an escalating U.S. trade war. Hours earlier, Germany's likely next government agreed on the biggest overhaul to fiscal policy since the country's reunification.

06.03 / 02:35

markets UPS security country 2020 Relationships India wants stability with China but seeks ‘respect’ for its interests: EAM S Jaishankar

S. Jaishankar said during a discussion at Chatham House, a British policy institute. He acknowledged that the relationship has been shaped by decades of ups and downs, but the real challenge is managing the balance as both nations rise. Reflecting on the last 40 years, Jaishankar noted that peace along the border was seen as essential for better ties. However, the situation changed dramatically in 2020 when Chinese forces clashed with Indian troops in the Galwan Valley, leading to the deaths of around 20 Indian soldiers and multiple Chinese casualties. It was the most serious border confrontation in 45 years.

06.03 / 02:35

markets COST security Analysis Research Trade President Markets wrestle with Trump's unconventional debt ideas

Trump might turn to unconventional ideas to try to bring the ballooning U.S. debt under control, after the president insisted he won't cut popular health and retirement benefits. Some of Trump's advisers have espoused unorthodox ideas in recent months, including forcing foreign governments to swap Treasuries for cheaper bonds in order to reduce interest payments and selling residency cards to rich foreigners at $5 million a pop.

06.03 / 01:05

UPS economy Trade President innovations reports International China doubles down on AI and tech innovation as Trump ratchets up trade pressure

BEIJING — The undercurrent of China's annual parliamentary meetings this week is U.S. trade tensions — and how Chinese technology is offsetting that pressure.

06.03 / 00:25

markets UPS security Analysis Research trends Trade D-St reverses its 10-day losing run as worries over tariff ease

oversold market after early indications that the US may soften its stance on trade tariffs. The NSE Nifty gained 1.15%, or 254 points, to finish at 22,337. The BSE Sensex rose 1.01%, or 740 points, to close at 73,730.

05.03 / 19:31

markets Citi RAI show country reports The billionaires' club gets bigger on economic boost

This economic dynamism has not only increased the billionaire count but has also spurred the growth of high-net-worth individuals (HNIs), further strengthening India's luxury property markets including Mumbai, Delhi and Bengaluru. With 191 billionaires, India now ranks third globally in billionaire wealth, behind only the US and China. A total 26 individuals joined the billionaire club in just the last year, a stark contrast to the mere seven additions recorded in 2019, showed the Knight Frank global wealth report.

05.03 / 19:31

markets UPS wellness President country reports Trump is signaling possible rollback of Mexico and Canada tariffs, but consumers are still confused about the situation, here's all you need know

Howard Lutnick is claiming that the US President may begin a rollback on his decision soon, and now this uncertainty has created some confusion within US consumers as well as Wall Street, according to a Fortune report.

05.03 / 15:31

markets UPS film Actor shooting Interviews The White Lotus star Alexandra Daddario recalls shooting for Mayfair Witches while pregnant with first child

Alexandra Daddario has opened up about filming for the second season of the American supernatural horror thriller series Mayfair Witches while she was pregnant. The White Lotus actor spoke about the physical and emotional demands of playing her character, Rowan Fielding, in a recent interview.

05.03 / 15:31

markets COST UPS CEO Trade President Tariff ‘earthquake’ sends shipping industry into crisis mode

shipping executives gathered this week in Long Beach, California, for a major annual conference, expecting to discuss market trends and supply chain challenges. Instead, they found themselves in crisis mode. On Tuesday, President Donald Trump upended decades of mostly free trade with the two biggest US trading partners, slapping 25% tariffs on goods from Mexico and Canada. The White House also layered another 10% duty on China on top of an identical hike a month before.

05.03 / 15:31

markets Reuters economy Trade President War reports US service sector expands in February; price growth accelerates

Rising price pressures could be worsened by a trade war, triggered by President Donald Trump's new 25% tariffs on imports from Mexico and Canada, which took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%. The Institute for Supply Management (ISM) said on Wednesday its nonmanufacturing purchasing managers index (PMI) climbed to 53.5 last month from 52.8 in January. Economists polled by Reuters had forecast the services PMI dipping to 52.6.

05.03 / 15:27

markets Trade President War country Indian steel prices may fall as US tariffs reshape alloy's trade, S&P Global says

The agency estimated Indian steel may see a price correction of about 3,000 rupees ($34.52) per ton. Local steelmakers have been battling a rising influx of discounted steel, with intake from China, South Korea and Japan hitting a record high in first 10 months of the current fiscal.

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