China Financial News

pharma industry sees an abatement in price erosion, which is in single digits, say industry analysts. This has also started to show in sales from India to the US, India’s biggest market rising 6.2% to $7.5 billion last fiscal year, shows government data. ICICI Securities Ltd, in its Q1FY24 pharma sector preview report, highlighted that growth in Q1FY24 will be driven by volumes in the US market: “Aggregate US sales of coverage universe (companies covered by the firm) is likely to grow...

Reuters, the pessimistic mood in the market can push investors watching contrarian indicators to buy. At the beginning of the year, the markets showed extreme bearishness as indicated by the stock positions of investors and allocations to cash. But, with time the risk appetite of the investors increased with signs of resilience in the economy and cooling inflation.

Chinese smartphone company operated from a small room in Bengaluru. The brand was mostly unfamiliar to Indians and Jain spent time and effort helping people pronounce the name as it should be. “Shao-mee", Jain told one of the writers of this story, a few months after he had joined.

BERLIN (Reuters) — German Economy Minister Robert Habeck wants to tighten the process for reviewing foreign investments with a new law that would aim to enhance economic security, according to a ministry document seen by Reuters on Sunday.

Taiwan's Vice President William Lai said election next year is a choice between democracy and autocracy, the Vice President added after China carried out military drills around the island in anger at his visit this month to the United States. Vice President William Lai, the front-runner in polls to be Taiwan's next president at elections in January, made brief stopovers in the US, prompting fury in Beijing, which views him as a dangerous separatist given China's territorial claims over the island. The Defence ministry of Taiwan's said Sunday morning that in the past 24 hours 25 Chinese air force planes had crossed the Taiwan Strait's median line, which had served as an unofficial barrier between the two sides until Chinese military aircraft began regularly crossing it a year ago.

BRICS grouping, a senior Indian diplomat has said. The remarks by Dammu Ravi, Secretary (Economic Relations) in the Ministry of External Affairs, came as he addressed business leaders and diplomats representing countries across Africa and South America at a gathering hosted by the India Business Forum of South Africa on the periphery of the BRICS Summit starting here on Wednesday. The theme of the seminar was «Harnessing Synergies: India-Africa Cooperation for Prosperity in the BRICS — African Continental Free Trade Area Secretariat (AfCFTA) Landscape.» Ravi described the «unfinished business» of the 20th century as moving away from the fight for freedom and independence from colonial rule to economic prosperity as the priority in the 21st century.

who has travelled to Ladakh to pay tributes to his father and former prime minister Rajiv Gandhi on his birth anniversary, said PM Narendra Modi’s assertion that China has not claimed a single inch of the Indian territory was not true. The people of Ladakh are concerned about their grazing land "taken over by the Chinese Army", Rahul Gandhi said.

Investing.com — Lots of things are happening in the oil market at the same time: Economic troubles in China; surprisingly higher U.S. crude production and Saudi-Russian cuts that cargo tracking data suggest could remove almost 68 million barrels from the market over the next 45 days. 

By David Randall

Investing.com — Federal Reserve officials gather for the central bank’s annual get-together at Jackson Hole, Wyoming with a speech by Federal Reserve Chairman Jerome Powell the main highlight. The deepening crisis in China’s property sector will remain to the fore, while PMI data out of the Eurozone and the UK will likely add to the gloom. Here’s what you need to know to start your week.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: VinFast makes a splash in its market debut; Tesla cuts prices in China; and Mullen continues to fight delisting.

Moon of Russia's Luna-25 probe is the latest twist in an international push to return to the Earth's natural satellite that has drawn in the world's top powers and new players. Technology, science and politics are all essential factors in the Moon race. Here is the latest on various missions: — Russia's Luna — The launch of Luna-25 on August 11 was the first such Russian mission in almost 50 years and marked the beginning of Moscow's new lunar project.

BRICS nations, Brazil, Russia, India, and China, are planning to launch a new university ranking system. BRICS Education Ministers, gathered in the Mpumalanga province of South Africa, have come to an agreement to establish an autonomous university rating system.

Rock-bottom prices on a variety of clothes and household goods has helped e-commerce marketplace Temu surge in popularity with Canadians as many continue to struggle with the cost of living, according to retail analysts.

The BJP on Sunday condemned Congress leader Rahul Gandhi’s claim that China has grabbed grazing land in Ladakh, alleging he was defaming India by making statements like Beijing’s “propaganda machinery”.

semiconductors and electronics in the one year since President Joe Biden signed off on a law that promotes the sector. In June, US-based Intel said it would invest $33 billion in Germany to expand in Europe. The number of semiconductor fabs processing 300-mm wafers globally is projected to jump from 138 in 2020 to 180 in 2023 and 233 in 2027.

paperboard surged by 39 per cent at 409,000 tonnes in the first quarter of 2023-24 against 294,000 tonnes in the year-ago quarter, according to an industry body. In value terms, imports rose by 28 per cent to Rs 3,153 crore in the first quarter of FY2023-24 compared to the year-ago period, Indian Paper Manufacturers Association said citing Directorate General of Commercial Intelligence and Statistics data. The surge in imports comes on the back of a 25 per cent increase in paper and paperboard imports in FY2022-23 over the previous fiscal, according to the official trade data. In FY23, paper and paperboard worth Rs 12,531 crore were imported. In the April-June period of FY24, imports from ASEAN jumped nearly three-fold and from China by 37 per cent in volume terms. Imports of all grades of paper accelerated in the first quarter with the highest jump of 214 per cent seen in imports of uncoated writing & printing paper, 28 per cent in coated paper and paperboard, 15 per cent in kraft paper and 65 per cent in tissue paper imports. The top import sources of uncoated writing & printing paper are Indonesia, Singapore and China. The top import sources of coated paper and paperboard are China, Japan and South Korea, the Indian Paper Manufacturers Association stated in a statement.

Nifty settled below 65,000 levels at 64,949, down 202 points, while Nifty ended 55 points lower at 19,310. Sectorally, IT, Realty and healthcare indices posted the most drag, while Media, PSU Bank and FMCG indices ended with marginal gains.Here's how analysts read the market pulse:“Indian indices encountered a week of vulnerability due to adverse global and domestic cues, accompanied by a shift towards safer assets by investors like the USD. Discouraging domestic industrial production, negative wholesale inflation, and elevated CPI inflation contributed to market volatility.

India has racked up 108 ‘unicorns’—the third-most in the world, after the US and China. Private investment in the form of venture capital and private equity has been to the tune of $246 billion from 2018 to 2022. Over this period, Indian firms accounted for $1 out of every $4.40 of Asian venture capital.

asserted somewhat prematurely that the Chinese economic miracle was drawing to a close. The National Bureau of Statistics had started publishing the monthly youth unemployment rate in 2018 to align itself with international standards. But experts have pointed out that it may have been underestimating the actual youth joblessness rate.

As Chandrayaan-3 Mission is at its final stage before its historic landing scheduled for 23 April, Mahindra Group Chairman Anand Mahindra has expressed his excitement on the X platform (formerly known as Twitter). Business magnate Mahindra wrote said he will eagerly wait, pray and cheer for theChandrayaan-3 spacecraft's soft landing on the lunar surface.