China Financial News

the main treatment for infertility around the world. At least 12m people have been conceived in glassware. An IVF baby takes its first gulp of air roughly every 45 seconds.

Hydropower generation in Asia has plunged at the fastest rate in decades amid sharp declines in China and India, data shows, forcing power regulators battling volatile electricity demand and erratic weather to rely more on fossil fuels. The two countries, which account for about 3/4 of Asia's power generation and most of its emissions, are also to a lesser extent using renewables to make up for the hydropower shortfall and address rising electricity use. Major Asian economies have faced power shortages in recent years due to extreme weather conditions, including intense heat and lower rainfall over large swathes of northern China and Vietnam, as well as in India's east and the north. Higher use of polluting fuels such as coal to meet electricity demand spikes and supply shortages underscore the challenges of lowering emissions.

Ashish Gupta, CIO, Axis Mutual Fund, says “following inclusion of Indian bonds into the JP Morgan EM index next year, while money will flow directly into the fixed income markets, it will also drive the overall liquidity in the ecosystem. There can be flow of money into the equity market. The rate sensitives are driving the market today because there is potentially an easier outlook on rates with improved liquidity. Traditional beneficiaries like banks, NBFCs and real estate would be the first port of call. Industrial stocks will also benefit.”It was more a bolt out of the blue when the US Fed upgraded their economic guidance for next year. What would be the implications of that because at the beginning of the year, the narrative was that the US will slow down or hit a patch of soft landing and China will come back and surprise everybody. Well, the surprise has come, but it is the opposite of what we anticipated.No, I think you are absolutely right. The global macro has surprised this year. But the positive surprise has primarily been only from the US and if we look at global growth in aggregate, while the US has surprised positively, Europe has surprised negatively and China, as you mentioned, has been a negative surprise.

Chinese banks and businesses want to step up their use of digital yuan-powered smart contracts, as the financial and industrial sectors eye CBDC progress.

Bitcoin (BTC) could see “substantial inflows” from China within the next few months amid a weakening Chinese yuan and one of the country’s biggest capital flights in years.

By Nicoco Chan and Yelin Mo

(Reuters) — Billionaire investor Bill Ackman said he believed 30-year interest rates would rise further, while his Pershing Square Capital Management hedge fund remains short on bonds, as he sees inflation remaining stubbornly high.

G20 meeting earlier this month. A Financial Times report said, people close to the development during the G20 meeting cited, “Several members of the Five Eyes — an intelligence-sharing network that includes the U.S., the UK, Canada, Australia and New Zealand — raised the June killing in British Columbia of Hardeep Singh Nijjar, a Sikh separatist leader, with Modi." The leaders intervened at the G20 summit after Canada urged its allies to raise the case directly with Modi, the newspaper reported. However, White House did not immediately respond to the report.

Singapore police say they have uncovered more luxury watches, gold bars and other assets from a massive money laundering scheme that was busted last month, bringing the total amount of assets seized or frozen to $1.75 billion

TOKYO (Reuters) — Japan's factory activity contracted for the fourth straight month and the service sector growth slipped to an eight-month low, a survey showed on Friday, highlighting the challenges facing the economy as it struggles to mount a strong recovery.

(Reuters) — U.S. venture capital firm GGV Capital said on Thursday it plans to split its business into two, with one focused on Asia and the other on the U.S., as political pressure mounts on American companies to limit investments in Chinese technology.

(Reuters) -Faraday Future Intelligent Electric on Thursday named company insider Matthias Aydt its new global CEO, effective Sept. 29, as the troubled EV maker focuses on boosting production and generating revenue.

Indian Navy, US aerospace manufacturer Boeing has said that the expanded fleet will result in an economic impact of $1.5 billion to the domestic industry in the next decade. The Indian Navy currently operates a fleet of 12 P8I aircraft that are tasked with carrying out long-range maritime patrols in areas of interest extending from the Gulf of Aden to the Sunda strait in Indonesia. The aircraft, equipped with anti-submarine warfare as well as the capability to attack surface ships, are often used in coordination with friendly navies like the US and Australia. Top Boeing executives said that talks are on with the Indian Navy to extend the fleet to 18 aircraft, with additional features. “Boeing has already generated a substantial economic impact amounting to $1.7 billion to support the current P8I aircraft fleet in service with the Indian Navy. We see an expanded fleet bringing in another $1.5 billion,” Dan Gillian, vice president, Boeing Defence said. The US-based company said that it is looking to create more partnerships in India to add value to its global programs, and several Indian companies are now an active part of its international supply chain. “As we respond to the Indian Navy's need for more P8I aircraft, we're actively looking to enhance engineering, manufacturing, and sustainment capabilities in India, for India, and the world, benefiting both Indian and global customers,” Salil Gupte, president of Boeing India said.

Andy Murray returned to China for the first time in four years and won his first-round match at the Zhuhai Championships on Thursday. He thrashed local wild card Mo Ye Cong 7-5, 6-3. It was Andy Murray's fifth tour title in China and the first since the Beijing Open in 2016. The seventh-seeded British player overpowered his 23-year-old opponent in the second set to take the match in 1 hour and 42 minutes.

Drivers are starting to feel the pain at the pump again as oil moves closer to $100 a barrel. Supply cuts from Saudi Arabia and Russia could push global oil prices higher still. But China, the world’s top crude importer, will have a say too.

Rick Mathews’s big vacation this year was a 23-day jaunt across Europe and North Africa, during which he rode 131 roller coasters. “By the time I got home, I was like, why do I do this stupid hobby?" says Mathews, who is 36 and lives in Manassas, Va. That weariness quickly faded and he’s already talking about a return trip, because Megafobia—a wooden roller coaster in Wales—was closed during his visit.

The son of jailed Hong Kong media mogul and prominent pro-democracy activist Jimmy Lai says he doesn't want to see his father die in detention, as his lawyers raised the prospect that his long-delayed trial may be pushed back indefinitely

South Africa will host a meeting of nations participating in the U.S. Africa Growth and Opportunity Act despite earlier calls to exclude the country from the forum due to its ties to Russia and the docking of a sanctioned Russian vessel near Cape Town ...

The RCMP is investigating the death of a B.C. man who was a target of Operation Fox Hunt, a Chinese government campaign to pressure expatriates and silence opponents.

JSW is in early stage talks with Korea's LG Energy Solution (LGES) about jointly manufacturing batteries in India, two sources told Reuters, as it presses ahead with plans to build electric vehicles locally. JSW held talks with senior LGES executives in Korea earlier this month, proposing a partnership to manufacture battery cells in India for EVs and energy storage, one of the people with direct knowledge of the discussions said. LGES and JSW both declined to comment on any discussions.

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