China Financial News

Investing.com — Geopolitical tensions remain to the fore, while earnings and U.S. retail sales data will give an insight into the health of the consumer. Federal Reserve Chairman Jerome Powell is to speak while economic data out of China and the U.K. will be closely watched. Here’s what you need to know to start your week.

Xi Jinping hosted the Palestinian president in Beijing and invited the Israeli prime minister for an official state visit. Benjamin Netanyahu accepted, and China was on track for a bigger role in the region.

Canon, the Japanese company recognized for its printers and cameras, unveiled a pivotal solution on Friday, Oct. 13, designed to aid in the production of cutting-edge semiconductor components.

The number of individuals with investable assets greater than $100 million more than doubled in the past two decades.

Anwaarul Haq Kakar's four-day visit to Beijing starting Monday, according to a media report on Sunday. The agreements would be signed under the USD 60 billion China-Pakistan Economic Corridor (CPEC) programme, Dawn newspaper reported.

Putin will travel to China this week to meet Xi Jinping, the Kremlin chief's first trip outside the former Soviet Union this year. What are the five things to watch for at the meeting?

Israel-Hamas War: Israel's actions in Gaza have gone «beyond the scope of self-defence» and the Israeli government must «cease its collective punishment of the people of Gaza», China's Foreign Minister Wang Yi said in remarks published Sunday. Wang's remarks, made on a call to his Saudi Arabian counterpart Prince Faisal bin Farhan on Saturday, came as Israel appeared poised for a ground offensive against Hamas militants in Gaza. «Israel's actions have gone beyond the scope of self-defense,» Wang said according to a foreign ministry readout «It should listen earnestly to the calls of the international community and the UN secretary general, and cease its collective punishment of the people of Gaza,» he added in the strongest stance China has expressed so far on the conflict. More than one million people in the northern part of the crowded enclave have been ordered to flee ahead of the expected assault, an exodus that aid groups said would set off a humanitarian disaster.

Zhai Jun will visit the Middle East next week to push for a ceasefire in the Israel-Hamas conflict and promote peace talks, state broadcaster CCTV reported Sunday. Zhai «will visit the Middle East next week to coordinate with various parties for a ceasefire, to protect civilians, ease the situation, and promote peace talks,» CCTV said in a video posted to its official social media account on Sunday. The CCTV report came as Israel appeared poised for a ground offensive against Hamas militants in Gaza. More than one million people in the northern part of the crowded enclave have been ordered to flee ahead of the expected assault, an exodus that aid groups said would set off a humanitarian disaster. The cramped and impoverished territory, where 2.3 million residents live on top of each other, has been under a land, air and sea blockade since 2006. The latest deadly Israeli salvos were sparked by a Hamas raid which saw fighters break through the heavily fortified border between the Gaza Strip and Israel and gun down, stab and burn to death more than 1,300 people. In Gaza, health officials said Israel's response had killed more than 2,200 people.

Zhen Hua 15 — a heavy load cargo carrier sailing from the East China sea — unloads at Vizhinjam port this Sunday, it’ll do more than just set down the site’s first gigantic cranes. It’ll also put India on the map for world’s biggest container ships. Located near the southernmost tip of the country, the Vizhinjam transshipment container port — the first of its kind in India that will be inaugurated on Oct.

By David Lawder and Andrea Shalal

Morale of the mobile manufacturing industry has hit an all-time low with the arrest of Hari Om Rai, founder of homegrown device maker Lava International, industry body ICEA said on Saturday.The Enforcement Directorate has arrested Rai in an alleged money laundering case against Chinese smart devices maker Vivo.

PMLA) court's order which granted custody of four arrested Vivo Group executives by the the Enforcement Directorate, the Delhi High Court (HC) dismissed a plea filed by one of the accused. Earlier this week, ED arrested four executives of Vivo including the petitioner, Guangwen Kuang alias Andrew over allegations of money laundering. The ED contested that those arrested helped in the incorporation of a mesh of 18-19 companies in India having Chinese nationals as their directors and that despite them operating in India, their data was not maintained in India, rather maintained in the servers in China.

China's semiconductor imports dropped 14.6 per cent (year-on-year) in the first nine months this year amid tightened US export controls, the media reported on Saturday. China imported 355.9 billion units of integrated circuits (ICs) from January to September, down from 416.7 billion in the same period last year, according to data published by the General Administration of Customs, reports South China Morning Post. The total value of IC imports fell 19.8 per cent to $252.9 billion.

blog, “China has gone whole hog for electric vehicles through a generous subsidy program. Each province has its unique scheme; in Shanghai, for instance, they subsidize RMB 15,000 on a RMB 60,000 cost. The manufacturers are also subsidized so there are about 200 manufacturers which produced 27 million EVs last year.

By Laurie Chen

WASHINGTON (Reuters) — Singapore's deputy prime minister said on Friday he hopes for substantial progress in the U.S.-led Indo-Pacific Economic Framework for Prosperity (IPEF) discussions in time for next month's Asia Pacific Economic Cooperation (APEC) summit.

Josep Borrell said Saturday that a plan by Israel to evacuate more than one million people out of northern Gaza in a single day was «utterly impossible to implement». Israel warned residents in the area to evacuate before an expected ground offensive against Palestinian Islamist organisation Hamas in retaliation for the deadliest attack in Israel's history. «I am saying that, representing the official position of the European Union… (the evacuation plan) is utterly, utterly impossible to implement,» Borrell told a press conference in Beijing on the final day of a three-day diplomatic visit to China. «To imagine that you could move one million people in 24 hours in a situation like Gaza can only be a humanitarian crisis,» he added. EU chief Ursula von der Leyen had expressed support to Israeli Prime Minister Benjamin Netanyahu on Friday during a visit to the country. «Europe stands with Israel,» said von der Leyen, adding that the country had «a duty to defend its citizens». But Borrell's comments in Beijing showed the limits of that affirmation, saying that Israel was also obligated to follow international humanitarian law in the process of defending itself. «The position is clear,» said Borrell. «We certainly defend the right of Israel to defend itself.» «But, as any right, it has a limit.

Global market update: Following a bruising session in Asian stock market, US stock market feel the heat of US inflation jitters. Dow Jones index added 0.12 per cent, S&P 500 indeex lost 0.50 per cent whereas tech heaby weight Nasdaq crashed 1.23 per cent on Friday. European Stoxx 600 index nosedived 0.98 per cent whereas MSCI's broadest index of global equities fell 0.3 per cent.

Bitcoin mining operations in the United States, owned by Chinese entities, are currently under investigation for potential issues that could threaten national security, according to the New York Times (NYT). 

NEW DELHI : India’s trade deficit narrowed in September as imports plunged and exports continued to slide amid slowing demand in the West and China. Goods exports slipped marginally by 2.59% to $34.47 billion compared to $35.39 billion in September 2022, while imports fell a steeper 15% to $53.84 billion against $63.37 billion a year earlier. Consequently, the trade deficit fell to $19.37 billion, down over 30% from $27.98 billion a year ago, commerce ministry data showed.

Officials within the United States government were reportedly keeping tabs on certain cryptocurrency mining operations with ties to China.