China Financial News

Chinese Vice Premier He Lifeng says Beijing has invested $25.4 billion dollars in Pakistan in the past ten years under the China-Pakistan Economic Corridor, or CPEC package

Republican presidential hopeful Ron DeSantis is taking aim at China with a 10-point economic plan he's calling a “Declaration of Economic Independence.”

NEW DELHI : NXP Semiconductors, founded as a division of Royal Philips NV, is open to setting up a fabrication unit in India, subject to the development of a suitable ecosystem in the country, said Hitesh Garg, vice-president and India country manager. “If there is an ecosystem developed here, we will support the ecosystem. We will make sure that we are doing the manufacturing of our chips which are possible to be done here in India," Garg said, reiterating views expressed by NXP chief executive officer Kurt Sievers, who was in India earlier this year and met Prime Minister Narendra Modi.

By Gram Slattery

In this article

Edited excerpts: How are South Korean firms looking at the Indian semiconductor ecosystem? The semiconductor industry here is bound to see progress. And, when it comes to actually building facilities and factories for semiconductors, safety is the biggest issue. From the point of setting up factories to the point of operations, there’s a strategic process.

₹701.17 crore, while domestic institutional investors (DIIs) bought securities for a net total of ₹2,488.07 crore. FIIs purchased shares worth a net of 13,922.01 crore rupees for the month up to July 31, while DIIs sold shares worth a net of 1,184.33 crore rupees. Whereas, the India's foreign exchange reserves fell by $1.9 billion for the week ended July 21 to $607.03 billion, according to Reserve Bank of India figures released on Friday.

Data may or may not be ‘the new oil,’ but advanced microchips for digital devices are in geopolitical focus as the Indo-Pacific witnesses a contest of glares between China and the West over Taiwan, whose grip on the manufacture of these prized inputs has pushed both sides into a race for supply security. Globally, cutting-edge semiconductors are seen to underlie the current path of tech evolution. India’s effort to break into this field has faced setbacks like a proposed Foxconn-Vedanta venture coming apart, but Prime Minister Narendra Modi has signalled the government’s determination.

sun bears might be humans dressed in bear costumes, after a video of a bear standing on its hind legs sparked speculation online. The zookeepers released a statement from the perspective of Angela, a Malaysian sun bear, emphasizing that not all bears are large and menacing, and that sun bears are actually petite, being the smallest bear species in the world, according to reports. The video led to suggestions that the bear might be a person in a bear costume due to its slender legs and fur folds resembling a human. However, the zoo spokesperson refuted these claims, asserting that the bear in the video is real and that there is no deception happening at the state-run facility. He pointed out that a human wearing a bear suit in the scorching 40°C (104°F) summer temperature would not be able to last more than a few minutes before collapsing. To dispel further doubts, the zoo is arranging visits for reporters to witness the bears firsthand. Sun bears are relatively small, comparable in size to large dogs, standing at a maximum of 1.3 meters (50 inches) tall on their hind legs, unlike larger bear species such as grizzlies, which can reach up to 2.8 meters in height.

MILAN (Reuters) — Pirelli investors on Monday approved a new board for the tyremaker, giving it a new three-year governance set-up after the Italian government last month took steps to curb the influence of the company's leading Chinese investor.

BEIJING (Reuters) -China on Monday announced export controls on some drones and drone-related equipment, saying it wanted to safeguard «national security and interests» amid escalating tension with the United States over access to technology.

The United States and China are competing on both economic and technological fronts – and part of their rivalry includes a race to adopt crypto.

Typhoon Doksuri swept the country bringing torrential rains and flash floods across the country. Last week Typhoon Doksuri made heavy landfall in the southeastern coastal province of Fujian where authorities evacuated millions of people. Similarly, more than thirty thousand residents were evacuated from the capital Beijing. However, there is little relief as Typhoon Khanun is approaching coastal areas of eastern China, according to reports.

China has launched a slew of new projects as part of its Belt and Road Initiative (BRI), which aim to open new avenues of collaboration with Southeast and South Asian nations through Nepal, where India has huge strategic interests. The projects—clubbed under a platform called the ‘Silk Roadster’—were launched earlier this month to commemorate the 10th anniversary of Chinese President Xi Jinping’s most important initiative, the BRI.

Petronet LNG hopes to extend its long-term gas import deal with Qatar at lower prices than those offered by the world's top liquefied natural gas (LNG) exporter in recent deals with China and Bangladesh. Indications are that the deals have been done at a slope of 12-13% to Brent, said A. K.

Pakistan and China on Monday signed six key documents to help undertake the second phase of the USD 60 billion China-Pakistan Economic Corridor (CPEC) projects under a new model, further cementing the all-weather strategic relations between the «iron brothers.» Prime Minister Shehbaz Sharif and Chinese Vice Premier He Lifeng witnessed the signing ceremony held here to mark 10 years of the CPEC, a collection of infrastructure and other projects under construction throughout Pakistan since 2013. The CPEC, which connects Gwadar Port in Pakistan's Balochistan with China's Xinjiang province, is opposed by India as it is being laid through Pakistan-occupied Kashmir.

Fintech company One97 Communications, which operates under the Paytm brand, wants the government to bring payment segment devices under the production-linked incentive scheme to boost local production, a top company official said on Monday. Paytm founder and CEO Vijay Shekhar Sharma said the company has started manufacturing soundbox devices in India even though local production attracts higher taxes compared to imported ones. While announcing the launch of two new models of payment soundboxes, Sharma said that India is a services-dominated country and there is a need to go towards manufacturing for job creation.

The government in the Chinese city of Shanghai issued an implementation plan on July 31 for promoting the development of its urban blockchain digital infrastructure system in the time frame of 2023-2025, according to an update on the government’s webpage. 

China’s tech sector is showing the strain from last year’s sweeping U.S. export restrictions, which seek to stall Beijing’s ambitions in cutting-edge industries such as artificial intelligence and supercomputing. Semiconductor imports to China are falling.

Investing.com — Apple (NASDAQ:AAPL) is well-positioned heading into the release of its third-quarter earnings later this week, analysts at Pipe Sandler said on Monday, arguing that concerns around weak demand for the tech giant's handsets in China are «a bit overblown.»

India's startup scene has been rapidly growing ove... moreIndia's startup scene has been rapidly growing over the years, contributing significantly to innovation and job creation in the country.