China Financial News

By David Lawder and Aftab Ahmed

Yellen is back in India for the third time in nine months, this time to meet finance ministers from the Group of 20 nations about global economic challenges like the increased threat of debt defaults facing low-income countries. Yellen will use her time in Gandhinagar to try to foster warming relations between the U.S. and India.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

BEIJING (Reuters) — A flurry of economic data from China on Monday is expected to show its post-pandemic bounce is quickly fizzling out, raising expectations that Beijing needs to unveil more stimulus measures soon to shore up activity and shaky consumer confidence.

Indian Space Research Organisation successfully performed the first orbit-raising manoeuvre of the Chandrayaan-3 spacecraft on Saturday, the space agency said. The health of the spacecraft was «normal», ISRO said in a social media post. Chandrayaan-3 is now in an orbit, which when closest to Earth is at 173 kilometres and farthest from Earth is at 41,762 km.

Lithium is the new gold. This soft, silvery white metal is essential for a range of products — from batteries of electric vehicles, mobile phones and laptops to hydrogen fuel storage, air conditioning systems and pharmaceuticals. Even though a vast array of industries hinges on this single metal, India does not produce even a kilogram of it.

Netflix Original fantasy-action anime series, Record of Ragnarok, has left fans eagerly awaiting news about its potential third season. With humanity and the gods currently tied at three wins each after six intense rounds, the stage is set for seven more thrilling battles. While Netflix has yet to make an official announcement, it is highly anticipated that Record of Ragnarok will return for a third season in the near future.

Chinese Auto major BYD Co wants to invest a billio... moreChinese Auto major BYD Co wants to invest a billion dollars to set up EV manufacturing and battery factories in India.

Adani Group Chairman Gautam Adani on Saturday met Bangladesh Prime Minister Sheikh Hasina in Dhaka, following the full load commencement of power supply to Bangladesh from Adani Group’s Ultra Super-Critical Thermal Power Plant in Godda, India. The Godda USCTPP, which marks the Adani Group’s entry into transnational power projects, is India’s first commissioned transnational power project where 100% of the generated power is supplied to another nation, Adani Group said in a press statement. After the meeting, Gautam Adani tweeted: “Honoured to have met Bangladesh PM Sheikh Hasina on full load commencement and handover of the 1600 MW Ultra SuperCritical Godda Power Plant. I salute the dedicated teams from India and Bangladesh who braved COVID to commission the plant in a record time of three-and-a-half years.”Adani Power Jharkhand Ltd (APJL), a wholly owned subsidiary of Adani Power Ltd, completed the dependable capacity test for the Godda plant on 12 July. The dependable capacity test, a mandatory requirement under the power purchase agreement (PPA) with Bangladesh, was conducted over the stipulated period of six hours to evaluate the simultaneous functioning of both units of the plant after they began supplying electricity.

Wang Yi in his meeting with External Affairs Minister S Jaishankar in Jakarta has said that both countries should find a mutually acceptable solution to the border problem without letting «specific issues» define the overall relationship. India has been locked in a military standoff with China at eastern Ladakh for more than three years, with Jaishankar saying it to be the most complex challenge in his long diplomatic career.

Murali Sreeshankar on Saturday became the first Indian track and field athlete to qualify for the 2024 Paris Olympics after winning a silver medal in the Asian Athletics Championships with a second career-best effort of 8.37m here. The 24-year-old Sreeshankar achieved the Olympic qualification with his final round jump of 8.37m. The Paris Games mark is 8.27m and the qualification period began on July 1.

Adani Group Chairman, Gautam Adani paid a visit to Bangladesh's Prime Minister Sheikh Hasina in Dhaka on Saturday after the full load commencement of power supply to Bangladesh from the group’s thermal power plant in Godda, India. The new project of the conglomerate will mark the group's entry into transnational power projects. This project will also commence India’s first commissioned transnational power project where 100 per cent of the generated power is supplied to another nation.Adani Power Jharkhand Ltd (APJL), a wholly owned subsidiary of Adani Power Ltd, will supply 1,496 MW from the Godda USCTPP under the PPA with the Bangladesh Power Development Board, executed in November 2017 for a period of 25 years, via a 400 kV dedicated transmission system connected to the Bangladesh grid. The subsidiary completed the dependable capacity test for the Godda plant on 12 July.

ALSO READ: Chandrayaan-3 Launch LIVE Updates The ISRO Materials' Director (retired) Dr P V Venkitakrishnan shared the video on Twitter and wrote, "Launch of Chandrayan 3 from Flight." Sometime after takeoff from the Chennai to Dhaka flight, the pilot announced, Watch this historical event." After the video was shared on Twitter, it received 413.9K views, 2,542 retweets, and 12.2K likes. Though the journey from Earth to the moon for Chandrayaan-3 is estimated to take about a month, it may land on 23 August.

Russia and Ukraine is beyond the remit of the G20 and such efforts will be best undertaken by the United Nations and through bilateral negotiations, India's sherpa to the bloc said Saturday. «Our view is that G20 is an economic forum, not a forum to discuss security issues,» India's sherpa Amitabh Kant told Reuters in an interview.

Foreign portfolio investors (FPIs) continued to sell Indian equities this week, with net inflows of ₹2,636.43 crores on July 14, 2023. This brings the total net inflows for the month to ₹14,582.63 crores. The inflow was broad-based, with inflow seen across all sectors.

global challenges such as addressing financing gaps, pushing economic growth and ensuring sustainable development, India's G20 Sherpa Amitabh Kant said on Saturday. He also described the ongoing discussions at the third Sherpas' meeting in this heritage city as a «very huge success» and that the negotiators were supportive of priorities of the Indian presidency of the G20.

After being selected for the upcoming Hangzhou Asian Games in China, Indian batter Rinku Singh was over the moon. The team, which would be led by Ruturaj Gaikwad, will not have senior players as they would be busy preparing for the upcoming ODI World Cup.

Hindustan Times, the focus of PM Modi was to marry India's talent and workers with the high-end technology of France to produce platforms for the time to come. Despite the media's exclusive attention on 26 Rafale M fighter jets and three Scorpene submarines, the two leaders reached an agreement to construct compact diesel-powered attack submarines for nations in the Indo-Pacific region that face aggression from China.

TOKYO—American and Japanese military officials have been working on a plan for a conflict over Taiwan for more than a year, but the talks have yet to resolve a central question: Would Japan join the fight? Washington has nudged Tokyo to consider roles for the Japanese military such as hunting for Chinese submarines around Taiwan, said people familiar with the discussions, without getting any commitment. The planning is one of the most important aspects of the U.S. response to Beijing’s threats to capture Taiwan by force.

social media feeds. Whatever their flaws, the old gatekeepers were, at least on paper, beholden to the public. The new gatekeepers are fundamentally beholden only to profit and to their shareholders.

Ranil Wickremesinghe has said, days ahead of his first official visit to New Delhi. Wickremesinghe, also the cash-strapped country's finance minister, made this remark while addressing the Indian CEO Forum here this week. «Just as East Asia, including countries like Japan, Korea and China, witnessed significant growth 75 years ago, it is now India's turn, along with the Indian Ocean region,» Wickremesinghe said.