China Financial News

China’s property market meltdown created a multibillion-dollar opportunity for distressed-debt investors. It hasn’t paid off. The country’s real-estate sector is reeling from a yearslong slowdown that has put strains on the economy, sparked widespread protests and triggered defaults on around $81 billion of Chinese developers’ international bonds between 2021 and 2022, according to figures from S&P Global Ratings.

Vladimir Putin arrived in Beijing on Tuesday to meet with his Chinese counterpart Xi Jinping on a widely watched trip aimed at showcasing the deep mutual trust and «no-limits» partnership between China and its giant neighbour. Putin and his entourage flew into the Beijing Capital International Airport on Tuesday morning, according to Reuters video footage, in the Kremlin chief's first official trip outside of the former Soviet Union this year.

S Jaishankar on Monday said that cooperation in the Indo-Pacific region is in the shared interests of India and Vietnam as he underlined the significance of Asean centrality and highlighted the contribution of the Quad. Jaishankar, who arrived in Vietnam on Sunday on a four-day official visit, made the remarks during his address to the Diplomatic Academy of Vietnam on “India in the Indo-Pacific”. “Discussed why cooperating in the Indo-Pacific construct is in our shared interests. Underlined the significance of Asean centrality and highlighted the contribution of the Quad,” the minister posted on ‘X’. “Brought out how India and Vietnam, with their independent mindset, can promote a multipolar and rules-based global order,” he added. Jaishankar met his Vietnamese counterpart Bui Thanh Son and discussed ways to boost cooperation in areas like trade, energy, defence and maritime security while also sharing perspectives on Indo-Pacific as both India and Vietnam remain wary of China’s territorial encroachments in their respective regions. “Concluded a productive meeting of the 18th India-Vietnam Joint Commission today in Hanoi.

Rio Tinto has hinted that a three-year boom in lithium prices is coming to an end, but unlike its old rival BHP, the company says predicted supply shortages will ensure strong “market fundamentals” for the battery mineral longer term.

By Clare Jim

By David Brunnstrom and Michael Martina

Investing.com — The Dow closed higher Monday, as investors ramped up bullish bets on big tech, shrugging off an ongoing climb in Treasury yields as attention shifts to a step up in pace of quarterly earnings expected this week.   

flip phones is brewing in the Indian smartphone market sweepstakes. Emulating Samsung, Chinese smartphone brands are launching innovative flip phones to target affluent customers, opening more premium pastures for the brands to operate in. While Samsung still leads in terms of sales, Chinese brands such as Tecno, Oppo, and Motorola have joined the fight with their own interpretations of a flip phone.

China that circumvent government restrictions, a US official said, as part of the Biden administration's upcoming actions to block more AI chip exports. The new rules, details of which Reuters is reporting for the first time, will be added to sweeping US restrictions on shipments of advanced chips and chipmaking equipment to China unveiled last October. The updates are expected this week, other people familiar with the matter said, though such timetables often slip. The new rules will block some AI chips that fall just under current technical parameters while demanding companies report shipments of others, said the official, who provided information on condition of anonymity. A spokesperson for the US Department of Commerce, which oversees export controls, declined to comment. The latest crackdown on tech exports to China coincides with US efforts to thaw difficult relations between the world's two largest economies.

Crypto projects and investors are turning to Asia in search of growth opportunities amid increasing regulatory scrutiny in the United States.

Investing.com — U.S. stocks rose Monday to start a week that sees the quarterly earnings season ramp up.

Investing.com — The S&P 500 rallied Monday, as big tech shrugged off an ongoing climb in yields as investors looked ahead to ongoing quarterly earnings.  

Crypto exchange Binance will stop accepting users in the United Kingdom as of 5 p.m. local time on Oct. 16.

A Chinese military jet intercepted a Canadian Armed Forces Aurora aircraft in an “aggressive manner” on Monday in international waters off the coast of China.

New Delhi (India), October 16: In recent times, India has emerged as a dominant force in the world economy, claiming its rightful position at the helm of the Global South. With its economy burgeoning at a staggering speed, and surrounded by giants like China and Russia, India is surpassing economies globally and, more specifically, in South Asia, with impressive momentum. Financial expert, and the founder of Shree Consultants, Mr Kishore Subramanian validates this claim with a range of reasonings listed below: Remarkable Economic Growth: India's economic trajectory has witnessed a blazing speed with a 7% GDP growth and a nominal GDP of more than 14%.

China's foreign minister condemned Israel's actions for going "beyond the scope of self-defence" and called for it to "cease its collective punishment of the people of Gaza". "(Israel) should listen earnestly to the calls of the international community...

'The emergence of credible GEM ex-China strategies provides investors with a new way to approach emerging markets investing,' said Robert Doyle, senior director at bfinance.

By Ankika Biswas and Shashwat Chauhan

After years of zero interest rates, such an abrupt tightening is bound to break something.

By Philip Blenkinsop

U.S. chip stocks like Nvidia (NASDAQ:NVDA), and Advanced Micro Devices (NASDAQ:AMD), among others, are trading lower early Monday following a Bloomberg News report that the U.S. will strengthen restrictions on China's access to advanced chip technology.