China Financial News

The largest consumer of virtually everything is tempering with banking liquidity for a second time this year to stimulate an economy that hasn’t moved on from the pandemic, even as the rest of the world has raced ahead.

macroeconomic indicators such as lower consumer price index (CPI) print, demand optimism in China, and hints of a pause in rate hike by the US Federal Reserve. On Friday, September 15, Sensex closed at 67,838.63, up 320 points, or 0.47 per cent, while the Nifty settled at 20,192.35, rising 89 points, or 0.44 per cent. Both indices ended at their fresh closing highs on gains led by banking, auto and IT heavyweights, including HDFC Bank, TCS and Mahindra and Mahindra.

Crimea's Parliament- Vladimir Konstantinov said that nationalized properties will be sold soon and 8 auctions for the properties of Ukrainian business figures have already started. In a statement conveyed through the Telegram messaging application, Konstantinov revealed that the sales agreements reached a total value exceeding 815 million roubles, equivalent to $8.51 million.

Gen. Li Shangfu may have been removed and detained became rife after he was conspicuously absent at the meeting of the Central Military Commission (CMC) here on Friday.

BBC. It is to be known that China conducted air and naval drills around Taiwan this week which is seen as a routine show of military might around the island.

Polkadot community PolkaWorld has announced that it has halted its operations after the community’s proposal to get funding from Polkadot’s treasury was rejected. The organization raised several concerns about the project’s treasury management and made several claims in a recent announcement. 

Also Read: US elections 2024: Vivek Ramaswamy says, ‘Will disband FBI, other major agencies, cut down 75% of federal workforce if…’ Other than his insane office demands, Vivek Ramaswamy also believes that “people are put on this earth to serve him," recalls one of the seven former employees interviewed by Business Insider. These employees have worked under the Republican Party candidate at Roivant Sciences and Strive Asset Management.

Chinese betting app scam, Gujarat police are now chasing a Malaysian individual known as 'Big Boss' in another scam that is said to be worth Rs 33 crore. As per a report in The Times of India, cops are hunting for the Malaysian 'Big Boss, whose real name is Tan Chee Keat, or Kenny, along with four compatriots. The scam surfaced after it was found that a substantial sum amounting to Rs 33 crore had traversed from numerous bank accounts in two districts of Saurashtra to Kuala Lumpur. Cops are currently investigating to ascertain the number of people who were enticed by the accused with promises of substantial returns on bets placed through these fraudulent apps. On August 12, the Gujarat Anti-Terrorist Squad (ATS) received information that an NRI (non-resident Indian) residing in Malaysia, Rohit Vadher, along with a Malaysian national, Chua Ming Ho, alias Robin, and a resident of Sutrapada in Gir Somnath, Mahek Chhag, were engaged in cheating individuals through betting and gambling apps while also allegedly establishing counterfeit bank accounts. Utilising informers and technical surveillance, the ATS successfully identified Chagg and eight individuals from Veraval and Rajkot who were collaborating with Vadher and the five Malaysians in their illicit activities.

(This Sept. 14 story has been refiled to correct the spelling of 'of' in paragraph 16)

China’s economic slump due to years of Covid restrictions, a property market crisis, and persistent tensions with the West — concerns that have helped make the “avoid China" theme one of the biggest convictions among investors in Bank of America’s latest survey. Foreign fund participation in the Hong Kong stock market has dropped by more than a third since the end of 2020. “Foreigners are just throwing in the towel," said Zhikai Chen, head of Asia and global EM equities at BNP Paribas Asset Management.

China has been trying to revive its economic growth for the last one year. Twice it had announced direct measures to prop up its real estate market.

Buy or sell stocks: On account of strong global market sentiments after better-than-expected Chinese economic data, Indian stock market ended in green terriroty for third straight session. NSE Nifty ended at record close of 20,192 levels after climbing to a new life-time high of 20,222 during Friday deals. BSE Sensex too had a record closing at 67,838 levels after climbing to a new peak of 67,927 mark.

China has reported its factories picked up their pace and retail sales also gained momentum in August, suggesting the economy may be gradually recovering from its post-pandemic malaise

Xi Jinping, has linked arms with two anti-Western states, declaring a «no limits» partnership with Russia and pledging «unswerving» support for North Korea. But the specter of a budding bromance between Russian President Vladimir Putin and North Korean leader Kim Jong Un, after their meeting this week in eastern Russia, may not be as welcome a development for Xi as it might initially seem. Closer ties between Pyongyang and Moscow could result in both countries being less reliant on Beijing. That might diminish China's perceived clout in global negotiations over ending Russia's war in Ukraine and curtailing North Korea's nuclear program. «I doubt Xi is overjoyed to see the Kim-Putin lovefest unfolding across China's border,» said John Delury, a professor of Chinese studies at Yonsei University in Seoul, South Korea.

China's defense minister, Gen. Li Shangfu, has been placed under investigation, according to two U.S.

By Andrea Shalal and David Lawder

Welcome to the weekend. To start off your day, we’ve curated 10 great reads to enjoy.

Observers should soon get a look at least some of the sealed documents in the United States Securities and Exchange Commission’s (SEC) case against Binance. The documents were sealed at the SEC’s request with the agreement of both sides, and are being unsealed at the request of the SEC itself.

TikTok employees in the United States expressed frustration and dismay this week after the company introduced a tool for tracking office attendance and threatened disciplinary action for failing to comply with new in-person mandates, in an unusual effort to get workers back into the office with custom data-collection technology. Employees at TikTok, which is owned by Chinese company ByteDance, received notices this week about the new tool, an app called MyRTO. The app, which is built into the company's internal software, monitors badge swipes and asks employees to explain «deviations» — absences on days they are meant to be in the office — according to emails and screenshots shared with The New York Times.

NEW DELHI : The Pokémon Co. and its American partner, software developer Niantic Inc., have launched the popular mobile game Pokémon GO in Hindi. As part of the expansion plans, the companies have allocated ₹125 crore over five years for activities like advertising and marketing.

Gurugram is tweaking its urbanisation model to build taller buildings. This makes for efficiency from a town-planning perspective, reducing the cost of building cities and lowering the impact on the environment than that caused by sprawl. Given the pace of urbanisation in India, municipal bodies are challenged to keep housing costs low while providing facilities such as transport.