China Financial News

hockey team has been clubbed alongside arch-rivals Pakistan and will play the big-ticket match on September 30 in the Asian Games, while the women's side has South Korea and Malaysia among others in its pool. Placed in Group A, besides Pakistan, the Indian men have Asian Games champion Japan, Bangladesh, Singapore and Uzbekistan against whom they will begin their campaign on September 24, while the women' side, who are also in Pool A, will be up against Hong Kong and Singapore besides South Korea and Malaysia.

White House on Wednesday will detail its plans to prohibit some USA investments in sensitive technology in China, and require that the government be notified of other investments, a senior government source told Reuters. The plans are aimed at preventing USA capital and expertise from helping develop technologies that could support China's military modernization and threaten USA national security. Reuters reported on Friday that President Joe Biden was expected to issue a long-awaited executive order to screen outbound investments in sensitive technologies to China this week. The senior government source said that the order is expected Wednesday. The White House declined to comment on Tuesday. Biden administration officials have stressed for months any restrictions on USA investment in China will be narrowly targeted.

PLA) and government have made clear. Although Chairman Xi Jinping has not given any explanation, the replacement of the top two generals of the PLA Rocket Force (PLARF) and the disappearance of Foreign Minister Qin Gang follow a well-worn pattern of corruption charges in China. Qin's last public appearance was on 25 June, and Xi officially removed him from office by a decree signed on 25 July.

BEIJING (Reuters) -China's consumer prices posted their first annual decline in more than two years in July, while factory gate prices extended their falls, data showed on Wednesday, as lacklustre demand weighed on the economy.

By Stella Qiu

Asian shares were on the defensive on Wednesday after China inflation data confirmed the recovery in the world's second-biggest economy is losing steam, while resurfacing concerns about U.S. bank stability also capped sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.1% after a 1.2% tumble a day earlier.

BEIJING (Reuters) -China's consumer prices fell into deflation in July, while factory gate prices extended their declines, as the world's second-largest economy struggled to revive demand and pressure mounted for authorities to release more direct stimulus.

BEIJING — China reported inflation data for July that pointed to a modest improvement from June.

Also Read: Buy or sell: Vaishali Parekh recommends buying in 3 stocks today - 9 August Japan’s Nikkei 225 fell 0.24%, while the Topix declined 0.3%. South Korea’s Kospi rallied 0.88%, while the Kosdaq gained 1%. In Australia, S&P/ASX 200 was trading flat.

By Yuka Obayashi

Also Read: US Defense chief visits Iraq for talks on troop presence US officials say the arrangement, with Iraqi forces in the lead, since December 2021, has proven successful. US estimates show IS ranks have been cut to fewer than 1,000 fighters in Iraq while the group's leadership in Iraq has likewise been continually degraded by Iraqi forces.

Day trading guide for today: Domestic equity benchmarks Sensex and Nifty ended lower during Tuesday’s session on weak global cues, even as the second-rung midcap and smallcap indices scored gains during the session. China's weak economic data weighed on the overall sentiment in a sign of sluggish post-COVID recovery. Sensex opened 95 points higher at 66,048.81 against the previous close of 65,953.48 but failed to hold altitude, falling about 201 points to hit the intraday low of 65,752.63.

A US plan to restrict investment in China is likely to apply only to Chinese companies that get at least half of their revenue from cutting-edge sectors such as quantum computing and artificial intelligence, people familiar with the matter said. The revenue provision would limit the scope of an executive order the Biden administration is expected to unveil in the coming days as part of a push to limit Chinese access to sensitive technology. The rule would allow US private equity and venture capital firms to put their money in larger Chinese conglomerates that may have artificial-intelligence divisions but get most of their revenue from other sources.

Investing.com-- Gold prices steadied near one-month lows on Wednesday as worsening market sentiment and the prospect of more Federal Reserve rate hikes pushed investors into the dollar.

Premier He Lifeng's visit to Pakistan last week to commemorate the 10-year anniversary of the China Pakistan Economic Corridor (CPEC) was more of a blitz than substance as the much-hyped corridor is making limited progress on the ground. President Arif Alvi conferred Pakistan’s second-highest civil award, the Hilal-i- Pakistan (Crescent of Pakistan), on the Chinese official but despite the grandeur surrounding He’s visit and the signing of certain bilateral agreements, the outcome ultimately lacked substantial progress, ET has learnt.

banking system after Moody’s cut the credit ratings for 10 smaller and midsized lenders. The S&P 500 fell 19.06, or 0.4%, at 4,499.38. The Dow Jones Industrial Average dropped 158.64, or 0.4%, at 35,314.49.

By Stephanie Kelly

The price of Pepe Coin (PEPE) has leaped around 9% in tandem with a broader cryptocurrency market rally on Tuesday.

Investing.com — The Dow cut some losses but closed lower Tuesday, as bank stocks fell after credit rating agency Moody’s downgraded the debt ratings on a slew of U.S. banks on concerns about pressures on profit.

Pakistan in a high-voltage last round-robin league match of the Asian Champions Trophy here on Wednesday. There has been complete contrast in the overall performance of both the sides in the tournament so far. While the hosts are unbeaten in the four games they played so far, Pakistan have managed only a win along with a couple of draws and a loss and their semifinal hopes depend on the result of this vital clash. A win for Pakistan will guarantee them a spot in the last four stage, but a defeat would leave their fate on the result of the match between China and Japan. If Pakistan lose on Wednesday, they will hope for China to upset Japan. In case Japan wins, the victory of margin should be lesser. Besides Pakistan would also hope for Malaysia to beat South Korea by a big margin, which would benefit the Men in Green. With three wins and a draw, India are atop the table with 10 points, followed by Malaysia (9 points), South Korea (5), Pakistan (5), Japan (2) and China (1).

Customs data show China's exports fell 14.5% in July from a year ago, adding to pressure to shore up flagging economy