China Financial News

07.10 / 11:03
UPS Cooper Manufacturing Remark Celebrity country peace Taipei looking forward to join hands with India, other nations to safeguard peace in Taiwan Strait: Taiwanese Envoy Ger
Taiwan is looking forward to joining hands with India and other like-minded partners to strengthen the global supply chain and safeguard peace and stability across the Taiwan Strait and Indo-Pacific, Taipei's de-facto Ambassador Baushuan Ger has said. Without naming China, the envoy said Taiwan, confronted by «unceasing cross-Strait military intimidation and grey-zone threats», has continued to strengthen its self-defence capabilities and has consistently strived to serve as a force for good.
07.10 / 11:03
COST Ball hockey India win bronze in women's hockey, beat defending champions Japan 2-1
Asian Games here on Saturday. The Indians, ranked seventh in the world, were the favourites to win the gold here but one bad match cost them dearly as hosts China thrashed them 4-0 in the semifinal on Thursday. The Indian women thus avenged their 0-1 defeat against Japan in the last edition of the Games in Jakarta in 2018.
07.10 / 09:33
Technology Law regulation House Republicans House Republicans urge tighter export controls on advanced chips
Two senior Republican members of the United States House of Representatives on Friday, Oct. 6, urged the Biden administration to strengthen the enforcement of export controls concerning the transfer of advanced computing chips and the associated manufacturing tools to China.
07.10 / 07:29
UPS FIVE show country testing North Korean weightlifters clean up in Hangzhou but won't be at Olympics
Asian Games weightlifting on Saturday but it was the North Koreans' stunning return after four years that raised eyebrows in Hangzhou. The country that prides itself on shows of strength emerged from a self-imposed Covid exile to capture six gold medals, five silvers and two bronze in weightlifting. They also smashed six world records. Two weeks before the opening ceremony it was unclear if North Korea would show up, having failed to do so at the Tokyo Olympics and last month's weightlifting World Championships in Riyadh. But they came and they conquered hosts China, who were second in the weightlifting standings with five golds, three silvers and one bronze. North Korea proclaimed themselves «world leaders» at the sport, after not being seen in competition since December 2019. «Now North Korea is ahead of us and we need to catch up. We cannot remain in the comfort zone,» said China's head coach Wang Guoxin. The gold rush raised questions about what the North Korean weightlifters had done while the country's borders were sealed to the outside world because of the pandemic. Jang Song Nam, manager of the North Korean weightlifting team, said the success was «payback» for their sacrifices over years of Covid isolation. «Our athletes for these Asian Games have put in so much hard work,» said Jang. «Every gold medal is payback for our hardship over four years.
07.10 / 06:37
Target FIVE Remark Pride performer country social Asian Games 2023: 'Remarkable milestone,' says PM Modi as India's medal tally touches 100
Also Read: Asian Games 2023 LIVE Updates: India win gold in Kabaddi, archers shine with 3 medals; Total tally touches 100 As the Indian women's kabaddi team secured a gold medal in the final against Chinese Taipei last Saturday, India achieved its target of surpassing 100 medals in the multi-sport event. Prime Minister Modi announced through his social media post that he plans to host the Indian delegation from the Asian Games on October 10.
07.10 / 06:15
UPS DOW economy Asian markets mostly advance, bucking US losses
Asian markets posted gains Friday, shrugging off Wall Street losses ahead of key US jobs data due later in the day. Analysts say signs of a robust American economy, such as strong labour market data this week, are bad news for equities as it gives the Federal Reserve more reason to keep monetary policy tight through to the end of the year and beyond. US Treasury yields hit their highest levels since 2007 this week as investors fear high borrowing costs for businesses and consumers will eventually drag on the economy. All eyes are on Friday's monthly US employment data, which will give investors a good idea of whether recent signs of a softening in the labour market will continue. «European markets look set to open modestly higher ahead of today's US jobs report,» said Michael Hewson, chief market analyst at CMC Markets UK, «which, along with the September CPI report which is due next week could shift the odds significantly on whether we see another rate hike in November». «One other reason for the welcome retreat in yields yesterday may well have been the sharp decline in oil prices we've seen the past couple of days.» On Thursday, the Dow Jones Industrial Average finished flat, while the S&P 500 and Nasdaq index ticked lower. But Hong Kong was on the front foot Friday, with gains of about 1.5 percent by the afternoon, though Tokyo closed marginally lower. Singapore, Seoul and Manila were also up, while mainland Chinese markets were closed for a week-long holiday. London, Frankfurt and Paris all kicked off with small gains. Stephen Innes, managing partner at SPI Asset Management, said the Asian advances were «thanks partly to a drop in oil prices that benefits Asia's colossal oil-importing nations». «This
07.10 / 05:35
Twitter Remark Celebrity Pride performer country Asian Games: PM Modi lauds India's historic haul of 100 medals as 'momentous achievement'; Twitter cheers athletes for becoming country's new superstars
Narendra Modi, on Saturday, hailed India's 'momentous achievement' as the nation scripted history by winning a record-breaking tally of 100 medals at the Asian Games 2023 held in Hangzhou, China. The Indian contingent, with their exceptional determination, made a significant leap from their previous record of 70 medals in the 2018 edition of the games.
07.10 / 05:35
UPS Booking economy pandemic country travelers Returns China's flagging economy gets a temporary boost as holiday travel returns to pre-pandemic levels
China bounced back to pre-pandemic levels during a recent eight-day national holiday, giving a temporary boost to the nation's flagging economy. The government said that tourism revenues reached about 753 billion yuan (USD 103 billion) during the combined Mid-Autumn Festival and National Day holiday period that ended Friday, a rise of 1.5 per cent over 2019 and 130 per cent compared to last year when pandemic restrictions were still in place.
07.10 / 05:35
Cooper Extreme Action Strategy President country US fears Canada-India row could upend strategy for countering China
Canada and India, with some officials concerned it could upend the U.S. strategy toward the Indo-Pacific that is directed at blunting China’s influence there and elsewhere. Publicly, the administration has maintained that Canadian Prime Minister Justin Trudeau's allegations that the Indian government may have been involved in the killing of a Sikh separatist near Vancouver are a matter between the two countries. But U.S.
07.10 / 02:25
UPS Cooper economy President country reports Joe Biden signals potential meeting with Xi Jinping at APEC summit in San Francisco
US President Joe Biden indicated the possibility of holding a meeting with Chinese President Xi Jinping during the upcoming Asia-Pacific Economic Cooperation summit in San Francisco next month, AP reported. “There has been no such meeting set up, but it is a possibility," Biden told reporters when asked about the prospects of a face-to-face meeting with the Chinese leader. Biden and Xi have not engaged in any discussions since their last meeting in November, which took place on the sidelines of the Group of 20 summit in Bali, Indonesia.
06.10 / 16:19
UPS BLOCK Waters Action show reports isolate Near-Collision at Sea Shows Mounting Risks in China-Philippines Dispute
A Chinese coast guard ship came within a few feet of a Philippine vessel it was trying to block in the disputed South China Sea, signaling a more forceful approach by Beijing in the strategic waterway where tensions are growing. Philippine vessels were attempting to resupply a small detachment of marines on the isolated Second Thomas Shoal when the incident occurred on Wednesday. China also claims the reef, as it does for much of the South China Sea.
06.10 / 16:19
UPS Provident Target economy country shock prevention Lessons from the 1970s Energy Crisis Can Help Prevent the Next One
Fifty years ago this month, Arab members of the Organization of the Petroleum Exporting Countries cut off oil shipments to the U.S. in retaliation for American support of Israel during the 1973 Arab-Israeli War. The resulting energy crisis shocked the American people and rocked the economy.
06.10 / 15:05
Software WhatsApp Corning Samsung Features Oppo to launch Find N3 Flip in India on 12 October: Features, specs, price and more
TOI quoted Oppo as saying. As per the details, the launch event will be live-streamed on the firm's YouTube Channel at 7 PM IST. The firm has previously launched the Find N3 Flip in China and may bring the same variant to India.
06.10 / 14:17
Manufacturing Strategy SoftBank country testing New Shein Executive Aims to Expand Supply Chain Outside China
Fast-fashion giant Shein is expected to announce Friday new leadership overseeing its global growth initiatives as the company seeks to diversify its supply chain beyond China. Marcelo Claure, a former SoftBank Group executive, will serve as group vice chairman, a New York-based role that involves expanding manufacturing beyond China to be closer to Shein consumers, he said. “We’re not saying that we’re replacing China," Claure said.
06.10 / 13:39
Target Career Fighting Experts gossips reports What to make of a surprise shake-up in China’s nuclear force
sudden removal as foreign minister of Qin Gang, who was given that post by Mr Xi in December. Mr Xi’s supporters might argue that he is injecting new momentum into two of his signature domestic initiatives—an anti-corruption drive and a programme to transform the PLA into a modern fighting force. They might also make the case that he is demonstrating a commendable resistance to favouritism by not shielding protégés.
06.10 / 13:27
Cooper Man Waters Fighting Audi President prevention G20 summit unconditional success of PM Modi: Putin
Russian President Vladimir Putin lauded the recent G20 summit hosted by India as an unconditional success of Prime Minister Narendra Modi as he was able to depoliticise decisions at the mega event. “PM Modi was able to depoliticise the decisions adopted at the G20 and that was the right way. G20 was created to discuss economic issues, not political ones.
06.10 / 13:25
Drugs Treasury U.S. Treasury Targets Crypto Wallets Linked to Illegal Fentanyl Trade – Here's What You Need to Know
The United States Treasury's Office of Foreign Assets Control (OFAC) has sanctioned several cryptocurrency wallets associated with the illegal fentanyl trade. 
06.10 / 12:55
WhatsApp country hockey Asian Games 2023: India bags gold in Men's Hockey with 5-1 win over Japan in final, advances to Paris Olympics
Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Catch live updates from Day 13 of Asian Games 2023 For Japan, the only goal was struck in the 51st minute by Seren Tanaka, who successfully used a penalty corner.
06.10 / 12:43
UPS CEO Platform Racing President country prevention Factbox-Governments race to regulate AI tools
(Reuters) — Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI's ChatGPT are complicating governments' efforts to agree laws governing the use of the technology.
06.10 / 11:15
Lowe's Platform Celebrity social reports Resignation Party: Why young employees in China are celebrating quitting
Despite China's tough economic environment and soaring youth unemployment rates, individuals in their 20s are leaving their jobs, citing reasons such as low salaries and burnout, as reported by CNN. Chinese social media platforms have witnessed a surge in posts about these "resignation parties." According to Maimai, a Chinese professional networking platform similar to LinkedIn, 28% of surveyed employees across various industries resigned in 2022, and this number doubled for those considering resigning but had not yet taken the leap, as stated in the CNN report. This dissatisfaction stems from a profound sense of disillusionment among overworked young individuals who have grappled with intense academic competition and high parental expectations.

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