China Financial News

The Chinese digital yuan pilot’s spread to Hong Kong may be playing a part in driving up cross-border payments, media outlets have suggested.

Dozens of cranes lift blocks weighing several tons and drop them to compact the soil of a roughly one-square-mile area on Peru’s Pacific coast, part of China’s most ambitious port project in Latin America designed to facilitate trade between the regions

The Hong Kong government has been given the green light to appeal a court’s refusal to ban a protest song

The leaders of Brazil, Russia, India, China and South Africa have held closed-door discussions on the possible expansion of their BRICS economic bloc

China's economic challenges have given rise to deflationary pressures that present a global concern and are likely to accelerate in the coming quarters, according to economists.

China so that it can undergo negotiations with Beijing to «amend and strengthen» the landmark deal, the State Department said on Wednesday. For over 40 years, the agreement between the two countries has yielded cooperation across a range of scientific and technical fields, a powerful sign that the rivals could set aside their disputes and work together. The deal, signed when Beijing and Washington established diplomatic ties in 1979 and renewed about every five years since, has resulted in cooperation in areas from atmospheric and agricultural science to basic research in physics and chemistry. But concerns about China's growing military prowess and theft of U.S. scientific and commercial achievements have prompted questions about whether the Science and Technology Agreement (STA), set to expire on Aug. 27, should continue. «This short-term six-month extension will keep the agreement in force while we seek authority to undertake negotiations to amend and strengthen the terms of the STA. It does not commit the United States to a longer-term extension,» a State Department spokesperson told Reuters.

South Korea and China saying the consequent lowering of prices is hurting local producers. Imports of steel products from China surged during the first quarter of this financial year, even as South Korea remained the highest steel exporter to India despite a year-on-year decline in shipments. «A sharp rise in imports of finished steel was recorded in the first quarter of the current financial year. The surge in imports, driven by countries with free trade agreements, as well as China, is eating into domestic demand,» Ranjan Dhar, chief marketing officer, ArcelorMittal Nippon Steel, told ET. Imports of steel products in April-June stood at 2.23 million tonnes, 31% more than 1.70 mt a year ago.

Mint looks at the unprecedented success of the Indian Space Research Organization (Isro) and what it means for India’s space programme. Chandrayaan-3 created history at 6.04 pm on 23 August when its lander, called Vikram, safely touched down on the lunar surface. India thus became only the fourth nation in the world, after the US, the former Soviet Union and China, to soft land an object on the moon (and the first to do so on the far side of earth’s natural satellite).

NEW DELHI : India on Wednesday carved its legacy in space history with the first soft-landing on the moon’s south pole, a tough terrain holding secrets that could one day aid human spacefarers. With this, the country joins the US, Russia and China, the world’s only other nations to have successfully landed on the lunar surface. Applause broke out at the command centre of the Indian Space Research Organisation (Isro) at 6:04pm as Chandrayaan-3’s Vikram lander module—named after Vikram Sarabhai, the father of space research in India—touched down on the south pole, where previous attempts have failed before.

ANI citingRussian government,Putin hassent a congratulatory message toIndia's President Droupadi Murmu and Prime Minister Narendra Modi for the successful Moon landing of the Chandrayaan-3 mission. “Please, accept my heartfelt congratulations on the occasion of the successful landing of the Indian space station Chandrayaan-3 on the Moon near its South Pole. This is a big step forward in space exploration and certainly a testament to the impressive progress made by India in the area of science and technology.

The New York Times gave due coverage to the landing of Chandrayaan-3 on moon and carried out couple of article on its website's homepage titled ‘‘India Is on the Moon’: Lander’s Success Moves Nation to Next Space Chapter’ and ‘What’s next for India in space exploration?’. The publication also did a live blog on the event.

India should prioritize water conservation to make it an integral part of its development strategy as it emerges as one of the world’s fastest-growing economies, jal shakti minister Gajendra Singh Shekhawat said on Wednesday. “With India being one of the fastest growing economies in the world today, it is imperative for the country to show seriousness towards increasing use of water and its conservation to move forward with its developmental pursuit," the minister told the Mint sustainability summit. India, with 18% of the global population, possesses a mere 4% of the world’s potable clean water resources, setting the stage for a looming crisis.

Brics this week to air their grievances against Western powers, present themselves as defenders of developing economies and set out the case for an alternative international order. Russian President Vladimir Putin, addressing the South African summit by video, accused the West of provoking everything from the war in Ukraine and global inflation to hunger in the world’s most vulnerable countries by hampering Russian grain and fertilizer sales through sanctions.

ALSO READ: Donald Trump’s indictment: Former US president to surrender; authorities to implement ‘hard lockdown’ in the locality "He's going to be a punching bag," said Brian Darling, a Republican strategist and former senior aide to U.S. Senator Rand Paul. Darling added, "DeSantis is considered a wounded candidate going the wrong way." DeSantis will be looking to draw a line under a slow but steady slide in the polls this summer.

NEW DELHI—India successfully landed its Chandrayaan-3 spacecraft on the moon’s south pole Wednesday, days after a similar Russian mission ended when its probe crashed into the lunar surface. India is the first country to reach that part of the moon’s surface, an achievement expected to kick off a new era of space exploration. Scientists and engineers hope to tap water resources at the lunar south pole to facilitate missions to other parts of the solar system and future efforts for long-term settlements on the moon.

JAIPUR : India is hopeful that ministers from the world’s 20 biggest economies set to meet in Jaipur will be able to strike a consensus on key areas of trade and investment even as differences persist over the Ukraine war, commerce minister Piyush Goyal said on Wednesday. The two-day meeting of G20 trade and investment ministers begins on Thursday.

internet of things, and biotechnology, among others. For India, a country that is resource-crunched, the role technology will play will be very significant. India’s potential to lead the fourth industrial revolution is underpinned by several factors.

(Reuters) — The executive board of the International Monetary Fund approved on Wednesday the fifth and sixth reviews of its program with Argentina, allowing for the disbursement of $7.5 billion the cash-strapped economy desperately needs, the Argentine government said.

BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange rate fluctuations. Luiz Inacio Lula da Silva made the proposal at a BRICS summit in Johannesburg. Officials and economists have pointed out the difficulties involved in such a project, given the economic, political and geographic disparities between Brazil, Russia, India, China and South Africa.

During the 2023 Hangzhou Summit held in Hangzhou, China, a new data exchange powered by blockchain technology was unveiled by government officials. Over 300 enterprises, including Alibaba Cloud and Huawei, participated in the exchange's debut.

On July 14, developers of the $1.5-billion Chinese cross-chain protocol Multichain confirmed users’ worst fears. The protocol’s CEO, identified only as “Zhaojun He,” was arrested by Chinese authorities in Kunming on May 21 after months of repeated denials on official communication channels. Also allegedly arrested was Multichain’s core team, which was operating in Shanghai.