China Financial News

Chinese Foreign Ministry spokesperson, two days after releasing a map that showed Arunachal Pradesh and Aksai Chin as part of its territory. “The release of the 2023 edition of the standard map of China is the country’s normal exercise of sovereignty in accordance with the law,” said the spokesperson, reported Global Times. “It’s hoped that relevant parties will treat it objectively and not over-interpret it,” he further added. India on Tuesday had lodged a strong protest with China over its release of the so-called «standard map.” External Affairs Ministry spokesperson Arindam Bagchi had said India rejects these claims as they have no basis and that such steps by the Chinese side only „complicate“ the resolution of the boundary question.

Washington | Australian tactical boat builder The Whiskey Project (TWPG) is seeking to raise $20 million for an expansion into the US to buildhighly specialised craft for US defence force use in shallow waters.

₹1 lakh per candy in May 2022. However, they have since retreated to approximately ₹55,000, aligning more closely with international prices. This correction has significantly bolstered India's competitiveness in the global market.

Hong Kong retail cryptocurrency traders now have access to a locally based cryptocurrency exchange after HashKey took its retail trading services live to users in China’s special administrative region on Aug. 28.

James Cleverly said on Wednesday London wanted to have a pragmatic relationship with Beijing but warned it would remain «clear-eyed» about the areas where the two countries disagreed. Cleverly was making a long-awaited trip to China on Wednesday in an effort to reset ties between the two countries after years of tension over security, investment and human rights concerns. The foreign secretary has argued that it would be a mistake to try to isolate the world's second-largest economy or tackle climate change without its input. «We are clear-eyed about the areas where we have fundamental disagreements with China and we raise those issues when we meet,» he told broadcasters. «But I think it's important to also recognise that we have to have a pragmatic, sensible working relationship with China because of the issues that affect us all around the globe.» The British government is under pressure from some lawmakers, including the former Prime Minister Liz Truss, who want London to toughen its policy on China and to declare the country a threat to British national security. Cleverly said attempts to distill the relationship down to a single word or a soundbite were fundamentally flawed. «It is an important country, it's a large country, an influential country, and a complicated country, and therefore our relationship with China will necessarily be just as complicated and sophisticated,» he said.

BEIJING — U.S. Commerce Secretary Gina Raimondo has left Beijing with a few deliverables: plans for formal discussions on export controls and tourism.

TikTok, and X (formerly Twitter). Meta said that the ‘Spamouflage’ network first started posting on larger platforms like Facebook, YouTube and X but recent acitivity shows that it has expanded its footprint to include smaller platforms like Medium, Reddit, Quora and Vimeo.

Shah Rukh Khan-starrer Pathaan will release in Japan on 1 September. When released in India this January, it had made over Rs. 543 crore in domestic box office collections, emerging as the highest grossing original Hindi film till date.

Chinese firms and commercial banks are working on new digital yuan supply chain financing solutions, with a new CBDC smart contract solution set to launch.

map released on August 28 shows Arunachal Pradesh which China claims as South Tibet and Aksai Chin occupied by it in the 1962 war as part of its territory. AIMIM president Asaduddin Owaisi on 29 August in a tweet on X (Formerly Twitter) said China’s preparations on the border should be sending alarm bells within the Indian government. Further adding, he also said that India’s response cannot be weak and timid and need to stand up to China.

reliance on China and Taiwan. Following his participation in the inaugural Republican primary debate, where his popularity saw a notable upswing, Ramaswamy articulated his foreign policy stance and proposed strategies on Tuesday. Ramaswamy criticized Nikki Haley, a fellow Indian American Republican presidential candidate, who had previously criticized him for his lack of experience in matters of foreign policy.

China poses to American hegemony. It's an intriguing thesis, but in China's case it has a glaring flaw: The main challenge we will face from the People's Republic in the coming decade stems not from its rise but from its decline — something that has been obvious for years and has become undeniable in the past year with the country's real estate market crash. Western policymakers need to reorient their thinking around this fact. How? With five don'ts and two dos. First, don't think of China's misfortunes as our good fortune. A China that can buy less from the world — whether in the form of handbags from Italy, copper from Zambia or grain from the United States — will inevitably constrain global growth.

Thailand is likely to ease visa rules for Indian and Chinese travelers and allow longer stays for visitors from all nations. PM Srettha Thavisin discussed options with executives of Thailand Pcl and several other airlines. In a post on X (formerly Twitter), PM Srettha said, “The airport operator agreed to reduce bottlenecks to augment flight capacity by 20% and find ways to speed up immigration clearances." The new government aims to lift revenue from foreign tourists to 3.3 trillion baht next year, with the travel industry offering “the best short-term economic stimulus," Srettha said as quoted by Bloomberg News. According to Bank of Thailand data, tourism accounts for about 12% of gross domestic product and nearly a fifth of jobs in the country.

China for computer chips, solar panels and various consumer imports amid growing concern over Beijing's security threats, human rights record and dominance of critical industries. But even as policymakers and corporate executives look for ways to cut ties with China, a growing body of evidence suggests that the world's largest economies remain deeply intertwined as Chinese products make their way to America through other countries. New and forthcoming economic papers call into question whether the United States has actually lessened its reliance on China — and what a recent reshuffling of trade relationships means for the global economy and American consumers. Changes to global manufacturing and supply chains are still unfolding, as both punishing tariffs imposed by the administration of former President Donald Trump and tougher restrictions on the sale of technology to China imposed by the Biden administration play out. The key architect of the latest restrictions — Commerce Secretary Gina Raimondo — is meeting with top Chinese officials in Beijing and Shanghai this week, a visit that underscores the challenge facing the United States as it seeks to reduce how much it depends on China at a moment when the countries' economies share so many ties. These reworked trade rules, along with other economic changes, have caused China's share of imports into the United States to fall as the share of imports into the U.S.

G20 Summit in India is all set to commence on September 9 in the national capital. The summit will be held for two days and will be joined by representatives of member nations as well as guest nations who will engage in discussions about diverse economic reforms. The summit will be concluded on September 10 with the adoption of a G20 Leaders' Declaration.

China's claim over Arunachal Pradesh and the Aksai Chin. He agreed with Jaishankar's opinion that it's an ‘old habit’ of theirs (China) to put out a so-called ‘standard map’ in the past claiming territories that do not belong to them. "So we have protested China's latest outrage, the issuance of yet another map claiming Arunachal Pradesh as their territory.

The Ministry of External Affairs rejected territorial claims made by China in its 2023 “standard map", which was released on Monday. The map showed Arunachal Pradesh and Aksai Chin, which India claims as part of its territory, as part of China. China claims the former as “South Tibet" while it gained control over Aksai Chin during the 1962 India-China war.

Rahul Gandhi on Wednesday reiterated his claims about China "invading" Indian territory in Ladakh. The Congress leader termed the matter of China including Arunachal Pradesh and Aksai China as a part of its territory in its latest edition of the ‘Standard Map’ as a "serious issue". Speaking to the media ahead at the Delhi Airport, Gandhi said, "I have been saying this for many years...

US jobs data reduced the chances of further Federal Reserve rate hikes. The US dollar index - which measures the currency against six developed-market peers including the yen and euro - was little changed at 103.57 after pulling back from as high as 104.36 overnight. On Tuesday, the rupee ended 8 paise lower at 82.71 a dollar.

dollar nursed its sharpest drop in a month and a half on Wednesday, as investors bet that softer-than-expected U.S. jobs data reduced the chances of further Federal Reserve rate hikes. The Japanese yen hovered around 146 per dollar following its overnight rebound from a 10-month trough at 147.375, as a drop in Treasury yields took away support for the U.S.

dollar wobbled as weak U.S. labour data bolstered bets that the Federal Reserve was likely done with its interest rate hikes, while beaten-down China stocks rose for a third straight day. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.86% to a two-week top and is on a three-day winning streak.