China Financial News

DeepSeek AI's recent launch of its chatbots. American companies like Microsoft and OpenAI are claiming that they have evidence DeepSeek used their technology and reverse-engineered it to develop their AI models, while China is accusing US hackers of trying to break into DeepSeek's servers throughout January.

WASHINGTON — United States President Donald Trump will implement 25 per cent tariffs on Canadian imports on Saturday as promised, White House Press Secretary Karoline Leavitt said Friday.

Emilia Perez itself has been nominated for the Best Picture. But lately, she is in the news regarding her old X tweets that have resurfaced, some dating back to 2016. The tweets were racist in nature, and although the star has now apologized for her since-deleted posts, fans of the popular Korean boy band BTS are in rage.

DeepSeek upending American AI power and cost assumptions is a wake-up call. Among India's strengths is its capacity for jugaad, which has resulted in several high-quality outputs that meet global standards at low cost. The pharma sector and India's frugal space programme are two examples.

DeepSeek, the free new chatbot from China powered by artificial intelligence, know this: The answers it gives you will largely reflect the worldview of the Chinese Communist Party.

Subscribe to enjoy similar stories. India’s aviation market is flying high and is the fastest-growing globally, the Economic Survey 2024-25 said on Friday, highlighting that the country’s airlines have placed among the largest orders for aircraft globally to accommodate growth in air traffic. There was a 6.12% increase in total domestic air passengers to 161.3 million in 2024 from 152 million in 2023, as per data by the Directorate General of Civil Aviation.

Subscribe to enjoy similar stories. In China, DeepSeek’s sudden shot to fame with artificial-intelligence models rivaling American ones has inspired a moment of national pride.

Ex-Intel CEO Pat Gelsinger and also the current chairman of startup Gloo has eventually become a vocal advocate for DeepSeek R1 which is an innovative Chinese open source AI model that is challenging the dominance of OpenAI, reported Tom’s Hardware.

Subscribe to enjoy similar stories. New Delhi: In the Economic Survey 2025, China is mentioned 102 times, casting a long shadow over the global economic landscape. Often referred to as a “manufacturing colossus," China’s role has become a central theme, not only in India’s growth story but also in shaping the global economy.

Subscribe to enjoy similar stories. More than three years into China’s housing crisis, there is still no sign of its ending. Now, as private and locally-owned developers keep faltering, the sector is becoming more state-dominated.

Rep. Carlos Gimenez, R-Fla., on Republican priorities as they seek to pass a single reconciliation bill, Congress certification of the 2024 election and the reauthorization of the House Select Committee on the Chinese Communist Party.

Subscribe to enjoy similar stories. For years, China was the epicentre of global footwear manufacturing, producing nearly 72% of the world’s shoes in 2016. From Nike to Adidas, Puma, Crocs, and New Balance, virtually every major brand relied on China for production.

Nirmala Sitharaman tabled the Economic Survey 2024-2025 in Parliament on Friday. The survey indicated that India has diversified its export basket not only in terms of commodities but also in its export markets. Commodities such as optical items, medical-scientific instruments, lifts and cranes have been added to this new kitty of the export basket with new export markets, such as Zimbabwe, Tanzania, Jordan and Honduras.

Asia markets are mostly higher following gains on Wall Street driven by Tesla, IBM and Meta Platforms after strong profit reports

Subscribe to enjoy similar stories. New Delhi: The Economic Survey – a critique of the economy’s performance and its management scripted by a team in the finance ministry – offers the Chief Economic Advisor V Anantha Nageswaran an opportunity to propose novel ideas and solutions to the challenges confronting the country, unaffected by the political pressures of the government in office or the ruling party.

European automakers brace for a possible trade war waged by President Donald Trump, they are working to ward off another threat on their home turf: the prospect of paying hundreds of millions of dollars to Tesla and Chinese competitors muscling in on their core markets.

“India is at an inflection point in terms of per capita income, demography and manufacturing renaissance. This coupled with the 25-year vision of evolving into a developed economy makes the budget more a statement of intent,” says Jiten Doshi, Co-Founder and Chief Investment Officer Enam AMC. In an interview with ETMarkets, Doshi said: “Markets will particularly scrutinize the quality of spending and revenue assumptions to gauge the government's commitment to fiscal consolidation during this political transition,” Edited excerpts: The month of January started on a roller coaster note ahead of the big domestic event – Union Budget 2025. Do you see some recovery in the market post the event? (we are down over 10% from highs) We have witnessed among the fiercest, longest and broadest market move, since the 2020 pandemic. The roller coaster has navigated uncertainties of pandemic, wars, and sharp supply shocks.

Subscribe to enjoy similar stories. DeepSeek has challenged big tech, proving AI can be efficient without costly graphics processing units (GPUs) or massive data centres. Now Microsoft is probing possible unauthorized access to OpenAI data by a group linked to DeepSeek.