China Financial News

Chandrayaan-2 orbiter. “Chandrayaan-3 Mission: ‘Welcome, buddy!’ Ch-2 orbiter formally welcomed Ch-3 LM. Two-way communication between the two is established.

lending rate by 10 basis points. However, it surprised analysts by keeping the five-year rate unchanged. Analysts expected both rates to go down by 15 basis points as China, the world's second-largest economy, is facing problems like falling property prices, less spending, and decreasing credit growth.

ISRO) on Monday said a two-way communication has been established between Chandrayaan-2 orbiter and Chandrayaan-3 mission's lander module. "‘Welcome, buddy!’ Ch-2 orbiter formally welcomed Ch-3 LM. Two-way communication between the two is established.

Maneesh Dangi, Macro Mosaic Investing & Research, says «over a medium term, China will continue to disappoint. But relative to market expectations, when at least in India, the general popular view would be that China is in a doom loop and perhaps is having a recession, that is not true. China is likely to grow at 4-5% over the next many years.

Somalia has banned TikTok, messaging app Telegram and online-betting website 1XBet to limit the spread of indecent content and propaganda, its communications minister said. «The minister of communications orders internet companies to stop the aforementioned applications, which terrorists and immoral groups use to spread constant horrific images and misinformation to the public,» the minister, Jama Hassan Khalif, said in a statement late on Sunday.

The XRP price has dropped by 1.5% in the past 24 hours, with its slip to $0.520082 coming after a selloff over the weekend that saw the altcoin plunge as low as $0.476220 at one point.

Russia and China will look to gain more political and economic ground in the developing world at a summit in South Africa this week

Sony PS5 standard disc edition at ₹47,490 only at participating retailers. The discount will be applicable from August 24, 2023 through September 2nd, 2023. As announced by the company, the ₹7,500 off PS5 promotion will be available at Amazon, Flipkart, Shopatsc, Reliance, Croma, Vijay Sales & select retailers The PS5 gaming console has two editions- the Standard and the Digital Edition.

It’s also an embarrassment for Chinese President Xi Jinping — Putin’s partner in building a proposed base on the moon meant to challenge the US and its space allies. The Russian spacecraft was aiming to be the first to land near the south pole, the intended location of a joint base that space agencies in China and Russia announced in 2021 they had agreed to build together.

Litecoin were trading with marginal gains, while Dogecoin, Shiba Inu, and Solana were trading with cuts. Bitcoin (BTC), the world's biggest and best-known cryptocurrency, rose 0.06% to $26,124, whereas Ethereum (ETH) was above the $1,650 level. «The trading price of Bitcoin has been above the $26,000 threshold. The fall from trading above the $29000 level could be because of traders collectively selling tokens due to several unconnected catalysts like a lack of clarity in the Grayscale v/s US SEC case for a Bitcoin ETF, SpaceX writing down the value of their Bitcoin reserves, and China’s Evergrande group filing for bankruptcy,» said Edul Patel, CEO & Co-Founder of Mudrex. The global cryptocurrency market cap was trading flat around $1.06 trillion, rising 0.03% in the last 24 hours.

cryptocurrency bitcoin hit a fresh two-month low on Friday, breaking out of its recent tight range as a wave of risk averse sentiment swept through world markets. On Thursday, bitcoin fell 7.2% in its biggest one-day drop since November 2022 when top exchange FTX collapsed. It then slipped to a two-month low of $26,172 during Asian trading hours on Friday, its lowest since June 16.

Indian market is strong, said Raamdeo Agrawal, Chairman of Motilal Oswal Financial Services in an interview with the Economic Times (ET). "Right now, market trends are a lot dependent on the trends in FII behaviour. When FIIs were buying continuously for 15-20 days last month, it took the Nifty to nearly 20,000.

Russia's Luna 25 crashed into the Moon on Sunday, ending the country's dream of being the first to make a soft landing on the lunar south pole. Luna 25 was Russia's first lunar mission in 47 years, since the launch of the Soviet Union's Phobos 2 probe in 198 We take a look at some of the previous lunar missions that failed. According to The Planetary Society, the world's first lunar mission, led by the United States, failed just 77 seconds after lift-off owing to the rocket's first stage exploding.

China has temporarily eased its visa regulations for Indian citizens applying for business (M), tourism (L), short-term family visits (Q2) to Chinese citizens, transit (G), and crew © visas. The Chinese Embassy in India has issued a statement outlining these changes. According to the announcement, eligible applicants seeking single or double-entry visas for business, tourism, short-term family visits, transit, and crew purposes will no longer need to provide biometric data (fingerprints) until December 31, 2023. These changes will remain in effect until the end of 2023. Some exemptions were already in place, including for individuals below 14 or above 70 years old, those who have recently undergone fingerprint collection by the Chinese Embassy, and those whose fingerprints are deemed «uncollectable.»

China is reportedly looking to implement a system akin to its social credit system, but in the Metaverse and other online virtual worlds.

Honor had stopped selling its smartphones in India and reportedly retreated last year amid limited marketing budget and less prudent portfolio management. «India was never a focus market for the Huawei Technologies-owned Honor until 2020 — when it was forced to spin-off the brand and reassess strategy,» said Neil Shah, vice president at Counterpoint Research.

BRICS summit will focus a lot on the plans of the expansion of the international grouping. Member nation China will be trying its best to push the BRICS bloc of emerging markets to evolves as a full-scale rival to the G7 this week, reported the Financial Times The BRICS summit will take place in Johannesburg from Wednesday. It will be joined by several leaders of of the developing countries.

stopped publishing them altogether. Higher education is no longer a reliable ladder to a solid career. Our calculations show that in 2021 over 70% of those unemployed youngsters were graduates.

solar exports from Southeast Asia, saying the move will slow clean energy deployment and harm climate progress. “We’ve gone from toasting the anniversary of the Inflation Reduction Act and its positive impacts on America’s energy transition to lamenting the imposition of harmful solar tariffs that will severely constrict solar availability in the US,” Gregory Wetstone, president of the American Council on Renewable Energy, said Friday in an interview.

DyeCoo says its process for getting colorants onto fabric doesn’t use any water or bonding chemicals — water is still needed for rinsing, though — and can halve a factory’s typical water use and emissions from textile dyeing. (About 95% of the CO2 can also be recycled between jobs.) Since 2010, the company has been working with garment makers in Taiwan, the Netherlands and Southeast Asia, and its backers include Nike Inc.’s venture arm and Ikea.

“Consumer-oriented industries have bright prospects, thanks to a strong GDP growth rate and a high rate of domestic consumption. As India's per capita income rises, the share of the wallet is shifting from goods to services,” says Sujan Hajra, Chief Economist & Executive Director, Anand Rathi Shares and Stock Brokers. In an interview with ETMarkets, Hajra said: “Unlike China, India has a balanced mix of domestic consumption and savings.