China Financial News

India and China concluded the longest ever military talks to lower tensions on the border in Eastern Ladakh, with positive developments likely towards further confidence building measures and de-escalation. Sources said that Major General level talks that discussed resolving of border flashpoints, depth and scope of patrolling in disputed regions and other confidence building measures took place over a record six days. The talks have been on since last Friday at two locations in eastern Ladakh — Daulat Beg Oldie and Chushul. While there has been no official statement on what transpired in the marathon talks, sources said that the dialogue took place in a positive and constructive manner towards making progress in easing border tensions.

Narendra Modi and Chinese President Xi Jinping spoke on the sidelines of the Brics summit where they agreed on «expeditious disengagement and de-escalation along the Line of Actual Control in eastern Ladakh, Foreign Secretary Vinay Mohan Kwatra said on Thursday. »n his conversation with President Xi, the Prime Minister highlighted India's concerns over the unresolved issues along the Line of Actual Control (LAC) in the western sector of the India-China border areas. Prime Minister (Modi) had interactions with other Brics leaders (as well)," Kwatra said. Modi told Xi that «maintenance of peace, tranquility in border areas and respecting LAC» are essential for the normalisation of India-China ties, Kwatra said. «Modi and Xi agreed to direct relevant officials to intensify efforts at expeditious disengagement, de-escalation,» Kwatra informed. Modi and Xi were seen having brief chat at the Brics meet on Thursday morning ahead of the announcement for Brics expansion.

China sought to recruit elite foreign-trained scientists under a lavishly funded program that Washington viewed as a threat to US interests and technological supremacy. Two years after it stopped promoting the Thousand Talents Plan (TTP) amid US investigations of scientists, China quietly revived the initiative under a new name and format as part of a broader mission to accelerate its tech proficiency, according to three sources with knowledge of the matter and a Reuters review of over 500 government documents spanning 2019 to 2023. The revamped recruitment drive, reported in detail by Reuters for the first time, offers perks including home-purchase subsidies and typical signing bonuses of 3 to 5 million yuan, or $420,000 to $700,000, the three people told Reuters. China operates talent programs at various levels of government, targeting a mix of overseas Chinese and foreign experts. The primary replacement for TTP is a program called Qiming overseen by the Ministry of Industry and Information Technology, according to national and local policy documents, online recruitment advertisements and a person with direct knowledge of the matter who, as with others, spoke on the condition of anonymity because of the issue's sensitivity. The race to attract tech talent comes as President Xi Jinping emphasises China's need to achieve self-reliance in semiconductors in the face of US export curbs.

OTTAWA (Reuters) -Canada's corporate ethics watchdog on Thursday announced investigations into the Canadian units of Walmart (NYSE:WMT) and Hugo Boss to probe allegations of Uyghur forced labor in the companies' supply chains and operations.

By Carien du Plessis, Anait Miridzhanian and Bhargav Acharya

NEW DELHI : Leaders of Brics countries on Thursday invited six more nations to join them in the grouping’s first expansion since 2010. Iran, Saudi Arabia, Egypt, Argentina, Ethiopia and the United Arab Emirates will join existing members Brazil, Russia, India, China and South Africa, said South African President Cyril Ramaphosa at a briefing. The six countries are expected to become members starting 1 January.

BRICS group of countries, comprising Brazil, Russia, India, China and South Africa, has agreed to admit Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE as new members. Concerns of BRICS gradually turning into an anti-West club have increased ever since Russia’s invasion of Ukraine and its “no-limits" partnership with China, which had been especially keen to expand membership. The group’s potential influence over global geopolitics has gone up.

New Delhi: India, which is registering fastest economic growth among top five global economies, is on track to become the third largest economy, finance secretary T.V. Somanathan said on Thursday. India is currently the fifth largest economy behind the US, China, Japan and Germany.

Iran and Saudi Arabia are among six nations that have been invited to join the BRICS bloc of developing economies, along with the United Arab Emirates, Argentina, Egypt and Ethiopia

Public fears and frustrations are being shared in Japan's neighboring countries about the release of treated radioactive wastewater from a crippled nuclear power plant

Fukushima nuclear plant's operator says it will compensate exporters of Japanese products banned by China

Japan’s tsunami-wrecked nuclear power plant in Fukushima is releasing its first batch of treated radioactive water into the Pacific Ocean

By Arriana McLymore

Satwiksairaj Rankireddy and Chirag Shetty stood one step away from another World Championships medal after reaching the quarterfinals with a three-game win over Indonesia's Leo Rolly Carnando and Daniel Marthin here on Thursday. The world number two pair, which had claimed a maiden bronze in the last edition, bounced back from a mid-game slump to outwit Carnando and Marthin, ranked 10th, 21-15 19-21 21-9 in the round of 16 match that lasted a little over an hour. The Commonwealth Games champions, who won four titles this season, will meet either 11th seeds Kim Astrup and Anders Skaarup Rasmussen from Denmark or Malaysian seventh seeded combination of Ong Yew Sin and Teo Ee Yi next. Earlier, the women's doubles pair of Treesa Jolly and Gayatri Gopichand, who reached the semifinals of the All England Championships in the last two editions, couldn't sustain the attack and went down 14-21 9-21 in 42 minutes against top seeded Chinese duo of Chen Qing Chen and Jia Yi Fan. It was only the second meeting between Gayatri-Treesa and the Chinese pair with the Indians having lost to the world number one Chinese team at the German Open last year. Chen and Jia are three-time gold medallists at the World Championships, won three BWF titles, and finished runner-up twice this season. Satwik and Chirag showed great anticipation and execution to dish out an attacking game. Chirag was simply superb with his interceptions as he glided through the court and punished any weak returns from their rivals. The Indian pairs had a slow start but Chirag and Satwik soon stepped up, bringing more discipline in their approach. The Indians rained down their cross court returns with Chirag patrolling the front court.

By Ahmad Ghaddar

The number of actively managed ETFs has swelled to 2,626 from 381 providers, across 33 different exchanges globally.

reliance on imported chips and strengthen domestic manufacturing to better compete with China. Meeting those goals will hinge not only on drawing the world’s biggest chip manufacturers to the U.S., but also recruiting and developing the technical expertise to build and operate the new plants. In Arizona, however, construction has been delayed by a shortage of skilled workers, TSMC says, and it is seeking to bring in workers from Taiwan to get construction back on track.

By Casey Hall

Chandrayaan-3 mission has opened up the potential to use the Moon as a take-off point for future planetary missions, and bolstered India's credentials to participate in such futuristic explorations, veteran space scientist K Kasturirangan said on Thursday.

BRICS which is a group of 5 countries that include... moreBRICS which is a group of 5 countries that include Brazil, Russia, India, China and South Africa has now invited 6 more countries to become members..

ChatGPT. “I am the only person on this stage who isn’t bought and paid for," Ramaswamy hit back. Toward the end of the debate, he made the case for a new generation of leaders.