China Financial News

Bloomberg. Currently, Hui is being monitored at a designated location. However, it's not yet clear why Hui is under so-called residential surveillance – a type of police action that falls short of formal detention or arrest. It is pertinent to note that residential surveillance doesn't mean HHui will be charged with a crime.

A proposed early-stage trade deal is in jeopardy, potentially hurting India’s efforts to woo the West and serve as a supply-chain alternative to China. India’s access to Canadian potash, a key nutrient for crops, may get affected. Indian students may start avoiding Canada for higher education after New Delhi issued a safety advisory on the country for “anti-India” activities.

Asian Games here on Wednesday. The trio of Ashi Chouksey, Manini Koushik and Sift Kaur Samra shot a total of 1764 points in the qualification to finish second on the podium.

China's central bank said on Wednesday it would implement monetary policy in a «precise and forceful» manner to support economic recovery. The People's Bank of China will step up macro policy adjustments, the bank said in a statement after a quarterly meeting of its monetary policy committee. The central bank also pledged to promote the healthy and stable development of the property market.

JPMorgan for Asia Pacific, highlighted the growing enthusiasm for the "China plus one" approach among businesses. He emphasised that India, among other nations, stands to reap substantial benefits from this strategy, potentially emerging as the primary beneficiary.

Also Read: Day trading guide for today: Six buy or sell stocks for Wednesday —September 27 Here are key domestic and global markets cues for the Indian stock market today: Asian markets traded mixed on Wednesday following overnight losses on Wall Street amid concerns over a longer period of higher interest rates. Investors await China’s industrial data and Australia’s August inflation figures due today. Japan’s Nikkei 225 declined 0.71% and the Topix fell 0.63%.

Also read: If Kim Jong Un uses nuclear weapons, 'his regime will be brought to end': South Korean President "Given the prevailing circumstances, the DPRK (North Korea) is urgently required to further accelerate the build-up of its self-defense capabilities to defend itself impregnably," Kim told the 193-member General Assembly. (Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) North Korea has tested dozens of ballistic missile in the past 18 months despite receiving warning from the US.

Also read: Chinese President Xi Jinping's housing crisis efforts jeopardized as Evergrande face trouble “The real estate sector will continue to be under mounting pressure" despite recent government efforts to support property, said analysts at Poseidon Partner, a Hong Kong-based investment firm. “We expect to see players who racked up debt in the past to continue to suffer." The economist survey coincides with new research from Bloomberg Economics that suggests the “around 5%" growth goal is still possible, though not a sure bet. They estimate the probability of an undershoot at 18%.

India-China relationship that has gone through cycles of conflict and cooperation over 75 years, External Affairs Minister S Jaishankar on Tuesday said the ties between the two nations have not been easy. Speaking at the ‘Discussion at Council on Foreign Relations’ in New York, Jaishankar said, “I was the ambassador in 2009, right after the global financial crisis, till 2013. I saw the change of guard in China, and then I came to the US.

(Corrects to clarify method is not new and report was only referring to rear production)

HONG KONG (Reuters) — Shares of China Evergrande (HK:3333) were set to extend losses on Wednesday after sources told Reuters that some of its offshore creditors are planning to join a winding-up court petition filed against the embattled developer if it doesn't submit a new debt revamp plan by next month.

«Markets are likely to remain under pressure amid a sharp surge seen in U.S. 10-year treasury yields to 16-year highs of 4.5%. Also mounting concerns over China’s real estate sector, and FIIs offloading in domestic equities dampened the sentiment,” said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded higher by 4.5 points, or 0.02 per cent, at 19,737, signaling that Dalal Street was headed for muted start on Wednesday.

S Jaishankar raised concern over the «steady increase in Chinese naval presence» in the Indian Ocean and called «to prepare for a far greater presence of Beijing than seen ever before.» Speaking at the 'Discussion at Council on Foreign Relations' in New York, Jaishankar said, «Last 20 -25 years, there has been a steady increase in the Chinese naval presence and activity in the Indian Ocean, but there has been a very sharp increase in the size of Chinese naval. When you have a very much bigger navy, that navy is going to be visible in terms of its deployment somewhere.» The EAM further said that New Delhi does watch these developments «very carefully» for any security implications. «In our own case, we have seen Chinese port activity, and buildings, you mentioned Gwadar, there is a port called Hambantota in Sri Lanka.

borrow ₹6.55 lakh crore from the market through dated securities in the second half of this financial year, staying with the budget estimate and indicating a comfortable fiscal situation for now. In the first half of 2023-24, the government announced ₹8.88 lakh crore market borrowing out of the full-year target of ₹15.43 lakh crore. The second half market borrowing will include a new 50-year security for the first time, the finance ministry said in a statement.

Netapp expects the Indian market to accelerate and become the data storage firm’s largest market in Asia in the next three to five years from the top three position currently. This will be on the back of the country’s demographic and economic advantages, and Netapp's headroom to grow in this market, George Kurian, chief executive and member of the board of Netapp, told ET. Kerala-born Kurian, who became chief of the $6.36 billion company in 2015, is currently on a visit to India.

By Jamie McGeever

China poses a conundrum for asset managers because while it is cheap and growing, there are risks when it comes to rule of law and transparency, said Evan Siddall, chief executive of the Alberta Investment Management Corp. (AIMCo).

China poses a conundrum for asset managers because while it is cheap and growing, there are risks when it comes to rule of law and transparency, said Evan Siddall, chief executive of the Alberta Investment Management Corp. (AIMCo).

Niti Aayog will soon undertake an evaluation of India's biggest subsidy schemes, the National Food Security Act and LPG subsidy, to rationalise expenditure, prevent leakages, and ensure benefits are reaching eligible people. Development Monitoring and Evaluation Office (DMEO), which is attached to Niti Aayog, has invited proposals for a central coordinating agency for evaluation of the two schemes, which together cost the exchequer nearly ₹4 lakh crore a year.

European Union’s new, tougher approach to China is being shaped by French concerns that Beijing’s trade practices have started to pose a critical threat to core industries. The government in Paris has taken a key role in driving the policy shift, according to people familiar with its thinking, calculating that inaction now would put the bloc’s economy on a path to long-term damage. Officials speaking on condition of anonymity recalled the solar industry debacle a decade ago, when cheap imports from China gutted European production.

BERLIN (Reuters) — The United States hopes Europe will take similar measures to its Inflation Reduction Act to drive a «race to the top» on support for green technologies, a senior U.S. official said in Berlin on Tuesday ahead of economic talks with German counterparts.