China Financial News

02.08 / 18:43

UPS country Inside China replaces rocket force generals in surprise military shake-up

Rocket Force, in a surprise shake-up that has raised doubts about the inner workings of the military unit in charge of the country's strong arsenal of nuclear and ballistic missiles, CNN reported. State media on Monday reported that, Chinese leader Xi Jinping has named Wang Houbin as commander of the Rocket Force and Xu Xisheng as political commissar of the force.

02.08 / 18:13

Fighting Mobile Chinese youth to have smartphone, internet use curbed

smartphone use curbed under new rules unveiled Wednesday aimed at fighting internet addiction. Under the restrictions, set to come into force on September 2 following a public consultation, anyone under the age of 18 will be cut off from accessing the internet with a mobile device between 10 pm and 6 am.

02.08 / 18:11

Manufacturing country Hopes and fears: India and the slouching dragon

The world’s factory is slowing down. This has prompted urgent questions about why the world’s second-largest economy is getting sluggish. As to the impact on India, there is both good and bad news.

02.08 / 16:13

Reuters Fitch country Oil prices fall Oil prices fall despite record US crude stock drawdown

By Laura Sanicola

02.08 / 15:32

MET FIVE Booking Action Fitch The United States just got downgraded. Should we care?

The unexpected downgrade of U.S. government debt sent shockwaves across the economic and political landscapes. In financial markets, the move was met with what amounts to a shrug.

02.08 / 15:13

Binance coinbase Lightning Network USDC Bitcoin OpenAI reports network bitcoin lightning Today in Crypto: Binance Denies Reports of Its Activities in China, Coinbase is Looking Into Adding Bitcoin Lightning Network, OKX Launches Account Abstraction Feature, Hyundai & Kia Partner With Hedera

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

02.08 / 14:19

UPS Tesla Will India Allow Tesla’s Chinese Vendors To Make In India? | Details | In Focus

Tesla’s India plans are unfolding at a rapid pace.... moreTesla’s India plans are unfolding at a rapid pace.

02.08 / 13:57

COST UPS Citi Hugo Boss stays strong amid tough China, U.S. markets

By Linda Pasquini and Helen Reid

02.08 / 12:47

BLOCK Reuters Tesla show country blues rock energy transition clean energy World battles to loosen China's grip on vital rare earths for clean energy transition

Refining rare earths for the green energy transition is hard. Just ask MP Materials and Lynas. The world's two biggest rare earths companies outside of China are facing challenges turning rock from their mines into the building blocks for magnets used across the global economy, from Apple's iPhone to Tesla's Model 3 to Lockheed Martin's F-35 fighter jet.

02.08 / 12:23

COST Lowe's Digital country Explainer Mint Explainer: What do the free trade agreements mean for India?

free trade agreements (FTA) with nearly half a dozen countries. Mint explains what is fuelling these pacts and what they mean for India’s international trade. India is currently in talks with developed countries such as the UK, European Union, Canada and Australia for an FTA, an extensively used tool for economic integration.

02.08 / 11:49

business Binance regulation reports Mixed signals: Binance denies reports of $90 billion in crypto trades in China

Binance has reportedly continued operations in China, despite the country’s ban on cryptocurrencies, even conducting billions of dollars worth of transactions monthly, according to a Wall Street Journal investigation.

02.08 / 11:41

Cooper Strategy Enterprise show country Xi Jinping’s Security Obsession: Securing at Home and Strengthening Aboard

By Kashif Anwar

02.08 / 11:31

Citi Extreme Fitch show country fall Market fall appears to be an excuse to lock in a bit of profit:Jonathan Schiessl

Jonathan Schiessl, Deputy CIO, Westminster Asset Management, says “while there is a risk in the short term of flighty capital moving out of India to lock in some of those gains. But anything more than short term, India still looks fairly well positioned because of these other factors that are at play and are leading to longer-term factors.”Do you think that market was just overheated and looking for an excuse for a correction and that is what is playing out today or could there be a bigger worry that market should not just completely rub off?I would agree that markets have done incredibly well.

02.08 / 11:15

UPS Citi CEO Continental Indian hockey Indian hockey team will travel to Pakistan for Olympic qualifiers if it doesn't win in Hangzhou, says Dilip Tirkey

Hockey India president Dilip Tirkey has said that the national men's team will travel to Pakistan for qualifiers in case it fails to directly qualify for the 2024 Paris Olympics by winning gold at the upcoming Hangzhou Asian Games, starting September 23. The team winning the continental event gold shall receive direct berth in the quadrennial extravaganza as per rule but other nations need to play the qualifiers and this time venues identified are Pakistan and Spain. «We will be trying to get the job done in Hangzhou.

02.08 / 11:01

FIVE BlackRock MSCI lawmakers BlackRock, MSCI probed by lawmakers over China investments

A US congressional committee is investigating BlackRock Inc. and MSCI Inc. for allegedly helping to facilitate American investment into Chinese companies that the government has blacklisted for human rights abuses and aiding the military.

02.08 / 11:01

UPS FIVE NASDAQ Fitch Stocks slump following Fitch’s US downgrade

Global stocks dropped as Fitch Ratings’ downgrade of the US sovereign credit grade spurred a rapid retreat from riskier assets.

02.08 / 10:49

UPS Manufacturing Strategy Parke HON Foxconn to invest $600 million in Karnataka for iPhone component and semiconductor facilities

Hon Hai Technology Group (Foxconn) has signed up with the Karnataka government, offering to invest about $600 million, or nearly Rs 5,000 crore, in two iPhone component manufacturing projects, expected to create nearly 13,000 jobs. A Foxconn team led by chairman Young Liu formally signed a letter of intent (LoI) with the government after Industries Minister MB Patil, IT/BT Minister Priyank Kharge, Additional Chief Secretary (IT/BT) EV Ramana Reddy and Industries Commissioner Gunjan Krishna held talks with the team in Chennai on Monday. ET reported on Tuesday that Foxconn may invest up to $500 million for a new unit near Bengaluru airport to make smartphone accessories.

02.08 / 10:49

guidelines China issues draft guidelines to tighten limits on use of apps by minors

China's cyberspace regulator said on Wednesday it has drafted guidelines to strengthen limits around minors' use of apps, smart terminals and app stores. The regulator set a deadline for public feedback on the guidelines on September 2.

02.08 / 10:27

Booking NIFTY SENSEX Nestle VIX track Top losers, gainers today: Tata Steel, Tata Motors, Nestle India, Asian Paints among most active stocks

Nifty had a significant decline on Wednesday's trading session as a result of negative economic data coming out of China, the euro zone, and the US, which prompted caution and had an impact on the risk sentiment. The Nifty 50 index was down 1.05% at 19,526.55, while the S&P BSE Sensex fell 1.02% to 65,782.78. Also, the fear gauge index, India VIX soared and closed 9.67% higher amid negative cues from global markets.

02.08 / 10:03

VISA Aware country Swiss Travelling to Switzerland to get tougher? Swiss embassy suspends Schengen visa applications for Indians next few months

Indian tourists. Commenting on the matter, the Head of Markets East at Switzerland Tourism, Simon Bosshart said, as cited by SchengenVisaInfo, he is aware of the problem.

02.08 / 10:03

UPS VISA Manufacturing Action Xiaomi country India should be pragmatic about huge Chinese investments

Financial Times in an interview last week, “We are open to doing business with any company anywhere as long as they are investing and conducting their business lawfully and are in compliance with the Indian laws." He added, for good measure, that India was “open to all investments, including Chinese". That these statements were meant for consumption overseas is evident if one looks at the ground reality. China’s BYD Motors has become the latest casualty of India’s undeclared economic cold war with China.

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