China Financial News

G20 summit. Also read: ‘G20 leaders are going to ask…’: Rahul Gandhi attacks PM Modi on OCCRP allegations against Adani Group The Treasury said Yellen also will rally America's G20 allies to maintain economic support for Ukraine and increase costs on Russia over Moscow's continuing war in Ukraine. This includes supporting the G7-led price cap on Russian oil exports and efforts to strengthen global food security in the face of restrictions on Ukrainian grain exports.

Indian stock market is expected to open on a tepid note Friday on the back of mixed global cues. Asian markets traded mostly higher, while the US stock market ended mixed overnight amid the release of key economic data that raised hopes that the US Federal Reserve may not hike interest rates further. Investors await the US employment data due on Friday for clues on the Fed’s monetary policy outlook.

Sula VineyardsGlobal investment firm Verlinvest Asia has sold partial stake in Sula Vineyards through block deals on Thursday.Gujarat GasSaudi Aramco has fixed September propane contract price at $550/tn as against current price of Rs $470/tn.

According to Bloomberg's sources, Leon Foong, who served as the head of Binance Asia-Pacific, is leaving his position at the world's largest cryptocurrency exchange.

Super Typhoon Saola is poised to strike Hong Kong with its formidable force, as authorities have elevated the strong wind signal to No.8, prompting the closure of schools, businesses, and even the stock exchange. This impending natural juggernaut, boasting wind speeds exceeding 200 kmph, is predicted to chart a course towards eastern Guangdong, the adjacent Chinese mainland province. The impending typhoon has triggered the issuance of the highest typhoon alert by Chinese authorities, marking the potential for one of the most potent typhoons to hit Guangdong since 1949.

In China’s current economic travails, US and other Group of Seven nations increasingly see evidence of deep-seated structural problems that ultimately will strengthen the West’s hand against a weakening geopolitical competitor. The view emerging from officials in Washington, Rome, Tokyo and other capitals, who spoke with Bloomberg News mostly on condition of anonymity in recent days, is that the dominant economic narrative that has guided the flows of capital around the globe for decades is flipping fast.

Canadian consumers are facing mounting financial pressure amid higher interest rates, and it’s something Canada’s biggest lenders are bracing for. But there are steps that borrowers — and the banks themselves — can take to soften the blow.

jobless claims for the week ended August 26 fell at 228,000. Shares of Salesforce climbed 3% after its upbeat revenue forecasts. Broadcom rose 3.4% and Intel gained 1.8%.

Australian solar innovator SunDrive is determined to build Australia into a solar power manufacturing powerhouse with the help of heavyweight investors in its corner.

China on Thursday said it firmly opposed all forms of official interaction between the Taiwan authorities and countries having diplomatic relations with Beijing. Responding to a question raised by a Pakistani journalist on reports that three former top Indian military officials attended a security dialogue held by Taiwanese authorities in Taipei this month, Chinese Foreign Ministry spokesman Wang Wenbin said that China firmly opposes all forms of official interaction with Taiwan. China, which considers self-ruled Taiwan as part of its mainland, routinely objects to any high-level visits to Taipei, saying that it is a violation of the one-China principle. According to the media reports, Admiral Karambir Singh, General M M Naravane and Chief of Air Staff R K S Bhadauria — the former Navy, Army and Indian Air Force chiefs respectively — recently attended Ketagalan Forum's 2023 Indo-Pacific Security Dialogue held in Taiwan. Answering a question on their attendance, Chinese Foreign Ministry spokesman Wang said, «China firmly opposes all forms of official interaction between the Taiwan authorities and countries having diplomatic relations with China.» «This is our consistent and clear position.

By Stephen Nellis and Max A. Cherney

Hindustantimes.com on Thursday. Chinese Premier Li Qiang will be flying directly to New Delhi after attending the 43rd ASEAN summit in Jakarta on September 5-7.

In such a scenario, how are serious economists to interpret the National Statistical Office's (NSO) April-June 2023 GDP estimates that were released yesterday? Well, with caution. On the face if it, Q1 growth of 7.8% looks strong, especially when compared to the rest of the world.

Marriott International, the world's largest hotel chain in terms of number of rooms, will shoot well past a billion dollars of top line revenue in India this year. Rajeev Menon, president, Asia Pacific (excluding China) at Marriott International, told ET in an exclusive interview. He added that the country is a 'decades-long' growth story. «It will be ₹9,000 crore of top line revenue.

By Engen Tham, Julie Zhu and Clare Jim

India's exports increased to 776 billion USD from 500 billion, two years ago, and this spectacular growth was achieved notwithstanding the recession, the Russia-Ukraine war, and the difficult pandemic times, Union Commerce and Industry Minister Piyush Goyal said on Thursday. This remarkable achievement in two years was due to the efforts of Prime Minister Narendra Modi, who felt that both the Centre and state governments should collectively work in the spirit of cooperative federalism for the better future of all the citizens, he said while addressing the Confederation of Indian Textile Industry (CITI's) 11th Asian Textile Conference, here. «Last year was a difficult period.

By Marta Nogueira

By Xie Yu, Clare Jim and Li Gu

India in rejecting China's new national map, issuing strongly worded statements accusing Beijing of claiming their territory. China published a new version of its national map on Monday to correct what Beijing has in the past referred to as «problematic maps» that it claims misrepresent its territorial borders. India on Tuesday lodged a strong protest with China over its so-called «standard map» laying claim over Arunachal Pradesh and the Aksai Chin, and asserted that such steps only complicate the resolution of the boundary question. The External Affairs Ministry also rejected China's claims as having «no basis». «Just making absurd claims does not make other people's territories yours,» External Affairs Minister S Jaishankar said while reacting to the Chinese move. The Philippine government on Thursday slammed China's 2023 edition of its so-called «standard map» that still shows swaths of Philippine features in the West Philippine Sea. The Chinese Ministry of Natural Resources issued on August 28 a controversial map that includes the nine-dash line, now a 10-dash line, that supposedly shows China's boundaries in the South China Sea. «This latest attempt to legitimise China's purported sovereignty and jurisdiction over Philippine features and maritime zones has no basis under international law, particularly the 1982 United Nations Convention on the Law of the Sea (UNCLOS),» Foreign Affairs Spokesperson Ma.

BRICS last week in Johannesburg, South Africa, the real drama was being played out elsewhere. On one hand, even as Russian President Vladimir Putin was virtually addressing his counterparts, there came news that a private aircraft carrying Russian mercenary leader Yevgeny Prigozhin crashed in Russia, killing all 10 people on board.

A digital asset company called Prometheum Ember Capital LLC has recently gained attention for being named the first Special Purpose Broker-Dealer (SPBD) for digital assets. Republican members of the House Financial Services Committee have expressed reservations about this decision, leading them to  ask   the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) for explanation.