China Financial News

Chinese tech giant. Huawei, a leader in 5G telecom equipment, has been at the centre of the intensifying US-China rivalry over advanced tech in recent years. The United States and its allies have curtailed its access to major markets and advanced tech — including chip making — over fears its products could allow China to spy on their networks. Taiwan's Minister of Economic Affairs Wang Mei-hua agreed on Wednesday — during questioning by lawmakers — to launch a probe into four tech firms that collaborated with Huawei on chip plants. The four Taiwanese companies are helping Huawei develop an «under-the-radar network of chip plants» in China, Bloomberg reported this week. The companies were identified by Bloomberg as Topco Scientific Co., L&K Engineering Co., United Integrated Services Co.

archery compound men’s team featuring Abhishek Verma, Ojas Deotale and Prathamesh Jawkar defeated Korea by a score of 235-230 and clinched another gold in the ongoing Asian Games. With this India marked a hattrick of gold medals on Thursday. Congratulating the team, the Sports Authority of India said, “Hattrick for the day.

On Wednesday, October 4, Hong Kong Exchanges and Clearing Limited (HKEX) introduced an upgraded version of its Stock Connect program called "Synapse."

Hong Kong-based crypto-focused venture capital firm CMCC Global has raised $100 million aimed at supporting Asian blockchain startups. 

Anju Bobby George also accused the Chinese officials of deliberately targeting the Indians. "They are trying to cheat us and trying to disturb our athletes. Neeraj's first throw was very good and it was a kind of disturbance.

BEIJING — Asia's competitive advantage was once cheap labor. Now, whether it's China, India or Japan, the region's edge lies in industrial services, KKR's heads of global and Asia macro said in an October note.

Goldman Sachs Group Inc. “The sharp rally since end-March, expensive valuations and global macro risks (high oil, high US rates, strong dollar) warrant a tactically conservative stance over the next three to six months,” analysts including Sunil Koul and Amorita Goel wrote in a note. While this year’s surge in equity markets makes for a great backdrop for Prime Minister Narendra Modi — who is seeking a third term in office — a sense of caution is building. Goldman’s view comes as overseas investors sold $2.3 billion worth of Indian stocks on a net basis in September, following six months of inflows. The polls are likely to have a bearing on economic policy and reforms at a time the world’s fastest-growing major economy is increasingly seen as an alternative to China. Goldman retained its market-weight stance on India in early July, from where the Nifty 50 Index has remained little changed.

Prabir Purkayastha and human resources department head Amit Chakravarty, arrested in a case lodged under anti-terror law UAPA following allegations that the news portal had received money to spread pro-China propaganda. Additional Sessions Judge Hardeep Kaur was hearing the arguments regarding the applications.

Embattled crypto exchange JPEX has pushed ahead with a plan that will purportedly transition the platform into a decentralized autonomous organization (DAO) and convert user assets to dividend shares with an incentive to lock them up for two years.

(Reuters) — Citigroup (NYSE:C) economists raised their forecast for China's economic growth for the year to 5%, from 4.7%, citing stabilizing economic indicators and Beijing's supportive policy measures of late.

BERLIN (Reuters) — German exports fell a more-than-expected 1.2% in August from the previous month, data from the federal statistics office showed on Thursday.

Vivek Ramaswamy has lambasted Volodymyr Zelenskyy for seeking additional funds from the US to hold polls in Ukraine. “I have a problem with appeasement too, but I want to be very clear. We have to level with the American people here.

agreement for an alliance involving MG Motor India, the Economic Times reported quoting sources. Morris Garages, is a fully-owned subsidiary of China-based SAIC. Legal documentation is on and a formal statement is likely around Diwali, the report said.

Typhoon Koinu's storm encircled Taiwan between 6 am Wednesday (October 4) and 6 am Thursday (October 5), its defence ministry (MND) tracked one Chinese military aircraft and three navy vessels across the nation, Taiwan News reported. The People's Liberation Army Air Force (PLAAF) military aircraft and three PLAN boats were reportedly spotted, according to the defence ministry. Taiwan's Defence Ministry (MND)said that no graphic of the flight paths had been supplied since there had been no indication that any PLAAF aircraft had crossed the Taiwan Strait's middle line or gotten as far as Taiwan's Air Defence Identification Zone (ADIZ)'s southwest sector. The MND said that it used its intelligence, surveillance, and reconnaissance apparatus to keep an eye on the situation. It responded by dispatching navy ships, combat patrol aircraft, and land-based air defence missile systems. Beijing has been using «grey zone tactics» more often since September 2020, such as deploying military aircraft and naval vessels beyond the middle line and within Taiwan's ADIZ, Taiwan News reported. Notably, Grey zone tactics are «an effort or series of efforts beyond steady-state assurance and deterrence that attempts to achieve one's security objectives without resorting to the direct and substantial use of force.» Typhoon Koinu on Wednesday pounded Taiwan with heavy rain and winds.

Both harness a natural propellant that oceangoing vessels have depended on for centuries: the wind. And they’re part of a growing effort to move the shipping industry away from fossil fuels. “We want to decarbonize — why not use what’s available?” said Jan Dieleman, president of Cargill Ocean Transportation, which charters about 700 ships. “Wind is free fuel.” The worldwide shipping industry is responsible for about 3% of the greenhouse gases that are dangerously heating the planet.

Asian shares rebounded from 11-month lows on Thursday as a plunge in oil prices and softer U.S. labour data helped pull Treasury yields off 16-year peaks, although a looming U.S. payrolls report could make or break the rally.

Japanese Agriculture Minister Ichiro Miyashita says Tokyo hopes to resolve the issue of Chinese ban on its seafood within the World Trade Organization's scope

Nifty 50 closing below 19,500 level. investors will now focus on the Reserve Bank of India (RBI) monetary policy decision to be announced on Friday and the upcoming corporate earnings season. “We expect weakness to persist in the market in the coming weeks till the headwinds recede.

By David Shepardson

Asia-based blockchain venture capital (VC) firm CMCC Global has announced the launch of its Titan Fund, committing $100 million to support blockchain startups in the region.

Yesterday, an online investigator, known by the X username @BoringSleuth, released allegations against cryptocurrencies Tron and Ethereum, suggesting links to criminal activities and the Chinese Communist Party (CCP).