China Financial News

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China’s central bank ramped up efforts to accelerate an economic recovery, releasing more cash into markets as data show fresh encouraging signs for the country’s growth momentum.   

HDFC AMC and HDFC Life said on Friday. The abundance of misinformation and mis-selling, Parekh said, is despite the safeguards put in place by the regulator. A finance industry veteran, Parekh said there are many ill-informed investors who start out with mutual funds and then abandon them thinking they can invest in the markets directly with a tip here and there only to end up burning their fingers.

BEIJING — Yum China is spending more on tech, an investment that's allowed it to open more stores without having to hire more staff, CEO Joey Wat told CNBC in an interview Friday.

Nifty hit their fresh record highs on Friday, September 15, on gains led by banking, auto and IT heavyweights, including HDFC Bank, TCS and Mahindra and Mahindra. Market sentiment remained upbeat tracking positive global cues after recent data signalled China's economy could see a revival.

By Laurie Chen and Xiaoyu Yin

Investing.com — Arm (NASDAQ:ARM) shares climb in premarket U.S. trading, putting them on track to extend their strong start after a much-anticipated debut on Thursday, while investors look ahead to another public listing by grocery-delivery service Instacart. Elsewhere, workers at factories owned by three major automakers go on strike, while new data suggests that China's faltering economy may be starting to stabilize.

HDFC Bank, TCS and Mahindra and Mahindra, as sentiment remained upbeat tracking positive global cues after recent data signalled China's economy could see a revival. “Fresh data showed Chinese gauges of retail sales and industrial output for August topped economists' expectations," reported Reuters. Besides, expectations are getting stronger that major central banks of the world will end their monetary tightening campaign considering the impact of hikes so far on the economy.

Chinese farmer Wei Fuyou clearly remembers the moment four years ago when he first watched a video clip showing that durian, a pungent fruit with a smell reminiscent of gym socks, could be grown on the tropical island of Hainan, where he lives. “That means I can grow them, too!" he recalls yelping. Wei promptly cut down some of his betel nut palms and planted 400 durian trees in their place.

The weapon Beijing launched over the South China Sea traveled at speeds of more than 15,000 miles an hour as it circled the globe. Flying at least 20 times the speed of sound, it could reach anywhere on earth in less than an hour. The summer 2021 test flight ended with the missile striking near a target in China, but it sent shock waves through Washington.

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Johnny Ng, a member of the Legislative Council of Hong Kong, took to social media on Sept. 15 in response to comments made by Ethereum co-founder Vitalik Buterin about Hong Kong’s future “friendliness” toward cryptocurrencies. 

Berkeley Earth, which focuses on environmental data science and analysis, said last month was the warmest August since records began to be kept in 1850, with «particularly warm conditions» prevailing in parts of India, Japan, North Atlantic, Eastern Equatorial Pacific, Northern South America, Central America, parts of Africa and the Middle East. The National Oceanic and Atmospheric Administration (NOAA), a US government agency, said on Thursday that 2023 witnessed Earth's hottest August in its 174-year climate record. The sizzling month also marked the northern hemisphere's warmest meteorological summer and the southern hemisphere's warmest meteorological winter on record, the NOAA's National Centres for Environmental Information said. Berkeley Earth said August 2023 exceeded the previous record set in August 2016 by 0.31 degrees Celsius, «a surprisingly large margin, well outside the margin of uncertainty». Its researchers said: «We estimate that 13 per cent of the Earth's surface experienced its locally warmest August average, and 87 per cent of the Earth's surface was significantly warmer when compared to its local average during the period from 1951 to 1980.» In total, they estimated that 65 countries (mostly in the tropics) witnessed their warmest August on record. These countries include Bahrain, Barbados, Brazil, Cambodia, Cameroon, Chad, China, Colombia, Cuba, Iran, Iraq, Japan, Kenya, Mexico, Morocco, Niger, Panama, Peru, the Philippines, Qatar, Russia, Rwanda, Saudi Arabia, Sri Lanka, Sudan, Suriname, Turkiye, Venezuela and Yemen. Some of these countries broke their August records by extraordinary margins.

China for solar energy equipment. With nearly 90% of it being imported from China, India has been in a hurry to build up domestic manufacturing capacity under Make-in-India programme and with the ambitious scheme of Production-linked Incentives (PLI). Now, India's solar economy seems to be slipping out of China's grip.

By Elizabeth Howcroft

The Financial Times citing American officials. The report came shortly before high-ranking diplomat Rahm Emanuel, the US ambassador to Japan, stated on social media that Li "hasn't been seen or heard from in 3 weeks," and that the minister might have been placed under house arrest, as reported by AFP. These recent events contribute to the mounting signs of possible instability within the Beijing leadership.

BEIJING (Reuters) — China's government land sales revenue fell for the 20th consecutive month in August, data from the finance ministry showed on Friday, signalling more pressure on local governments with deepening debt woes.

By Sudarshan Varadhan

Investing.com-- Gold prices rose in Asian trade on Friday as markets bet that the Federal Reserve will keep rates on hold despite recent increases in inflation, while copper prices surged on more stimulus measures from major importer China.

By Bansari Mayur Kamdar

Investing.com — European stock markets traded higher Friday, boosted by better-than-expected Chinese economic data as well as optimism that the European Central Bank may be close to peak interest rates.