China Financial News

G20 presidency has helped India earn respect of other countries by focussing on inclusivity, digital infrastructure and efforts to bring in the African Union within the fold of the grouping, said Deloitte South Asia CEO Romal Shetty. In an interview with PTI, Shetty said the decision of the Indian government to hold G20 meetings in several cities has also helped in trade, tourism, besides promoting infrastructure development. With regard to the proposal to bring the African Union in the G20 fold, he said Africa is a continent of 1 billion people and its inclusion in G20 will enhance trade opportunities with Asia and rest of the world.Also Read: G20 Summit 2023 LIVE Updates: Xi skipping G20 summit seen as new setback to India-China ties «India has focussed a lot on inclusivity. Prime Minister (Narendra Modi) says that nobody should be left behind. Every voice should be heard. One of the things India has done is to bring in Africa or try to bring in Africa in G20. »Also look at it from trade perspective. My view is if you look at Africa, a billion people continent. If you look at South Asia, a two billion people continent. You are actually bringing people together. You can have trade with 3 billion people. Today the trade levels are fairly low," Shetty said.

Chinese economy and the strengthening Indian economy. The ramifications of this shift are already visible in foreign portfolio flows to the two economies and the contrasting performances of the two stock markets. From the investors’ perspective, the relevant questions are:Are these shifts structural? What are the factors driving these profound changes? What are the implications for investors? The $19 trillion Chinese economy is decelerating fast.

Great Wall of China was destroyed with an excavator.A release from the Youyu County Public Security Bureau states a 55-year-old man and 38-year-old woman were working at a construction site nearby and wanted to reduce the distance they had to travel with the excavator to get to the work site.They allegedly used the machine to enlarge a gap in the Great Wall that already existed so it was large enough for the excavator to pass through.In doing so, the pair caused “irreversible damage” to that section of the Great Wall, which dates back to the Ming Dynasty, local police said. The Ming Dynasty lasted from 1368 to 1644 but some portions of the Great Wall are more than 2,000 years old.Police learned of the damage to the Great Wall on Aug.

ChatGPT alternative Ernie bot last week, reigniting a rally that has increased the company's valuation by $23 billion from last year. Baidu along with other Chinese companies like SenseTime, Baichuan Intelligent Technology, Zhipu AI, and MiniMax had launched their AI chatbot in China after securing regulatory approval for mass release.

The host of the first Africa Climate Summit says climate change is “relentlessly eating away” at Africa’s economic progress and it’s time to have a global conversation about a carbon tax on polluters

G20 Summit in New Delhi, if Beijing wants to come in and be a "spoiler", that option is available to it. The remarks came while responding to a question at a White House news conference on the impact of India-China border tensions on the G20 Summit.

A Chinese central bank chief has claimed the digital yuan will revolutionize the way the nation makes retail payments, and suggested the CBDC could one day “completely replace” cash.

By Ankur Banerjee

G20 summit in New Delhi on September 9-10. Instead, Premier Li Qiang will represent China, according to a brief announcement from the Chinese Foreign Ministry. While the ministry's spokesperson Mao Ning chose not to elaborate on Xi's absence, he did stress China's commitment to the G20's goals of global economic cooperation.

Investing.com-- Oil prices rose further in Asian trade on Wednesday, sticking to 10-month highs as bigger-than-expected supply cuts by Saudi Arabia and Russia pointed to tighter supplies this year.

JPMorgan’s equity desk traded a $47m block of uranium developer Paladin Energy’s shares before market open on Wednesday, as China-focused private equity investor HOPU Clean Energy (Singapore) Pte Ltd pressed sell.

BEIJING (Reuters) -China's exports likely contracted at a slower pace in August, a Reuters poll showed on Tuesday, highlighting that manufacturers remain under pressure after outbound shipments recorded their worst performance since February 2020 last month.

The RCMP is investigating a report that former Royal Canadian Air Force (RCAF) pilots are helping to train fighters within China’s air force.

TikTok says operations have started at the first of its three European data centers, part of the popular Chinese owned app’s project to ease Western fears about privacy risks

China's foreign minister is seeking to sell his Italian counterpart on the benefits of leader Xi Jinping's signature “Belt and Road” initiative of Chinese-built and -funded infrastructure projects, as Rome considers whether to renew the agreement

Indian diamond trade for a better deal as the US has slashed imports of cut and polished diamonds from India by almost 50% amid apprehensions that many of these stones might have indirectly come from Russia.

Investing.com — The S&P 500 slipped Tuesday, but downside momentum was kept in check by a rally in energy stocks after major oil producers agreed to extend their oil production cuts offsetting China-fueled concerns about timid demand.  

Investing.com-- Gold prices fell Tuesday as the U.S. currency and bond yields remained firm before a string of Federal Reserve speakers this week. 

India led in net mobile subscription additions in the April-June quarter, beating countries like China and the United States as the total number of global mobile subscriptions rose to 8.3 billion, Ericsson said. According to the quarter update in the Ericsson Mobility Report, global mobile subscriptions grew by 40 million, and global 5G subscriptions grew by 175 million.

₹1 lakh. With Chandrayan-3 successful landing near the Moon’s south pole, India became the first country to do such elusive feat.

TikTok has hired British cybersecurity firm NCC to audit its data controls and protections, and provide independent verification, as part of the social media company's data security regime, nicknamed «Project Clover». Several government bodies have banned TikTok from staff phones due to growing concerns about the company, which is owned by Chinese firm ByteDance, and whether China's government could harvest users' data to advance its interests.