China Financial News

China is facing pressure on trade as foreign shipments drop off and domestic demand remains weak, with a darkening global growth outlook and geopolitical tensions making a reprieve unlikely anytime soon. The country’s exports fell 12.4% in dollar terms in June from a year earlier, the customs administration said Thursday. That was the second straight month of declines and the biggest drop since the pandemic hit in early 2020.

Janet Yellen is traveling to India and Vietnam next week, seeking to strengthen ties with two increasingly important US partners and shore up economic resilience through diversified supply chains. Yellen will first head to Gandhinagar, India, for a meeting of Group of 20 finance and central bank heads, where she will push for reforming global lending institutions to boost the size and scope of their firepower and for advancing talks on easing the debt burden for poorer nations, a senior Treasury official said.

The United States dollar’s place as a global reserve currency will be under threat if Congress isn’t quick to regulate stablecoins, warns the CEO of Circle.

By Chen Lin

Investing.com-- Oil prices rose in Asian trade on Friday, hovering near 10-week highs on the prospect of tighter supplies, amid disruptions in Libya and Nigeria, while data showing a drop in U.S. inflation also supported sentiment. 

Investing.com-- Singapore’s economy grew slightly more than expected in the second quarter, data showed on Friday, as resilience in construction activity and the service industry helped offset a sharp decline in manufacturing.

Investing.com-- Most Asian stocks rose further on Friday, capping off a positive week on signs of cooling U.S. inflation, with focus now turning to upcoming data offering more cues on the Chinese economy. 

Chandrayaan-3 mission by the Indian Space Research Organisation (ISRO) is scheduled to take off from the Satish Dhawan Space Centre in Sriharikota, Andhra Pradesh, at 2.35 PM IST on Friday, July 14. Here are the top ten updates. 1.

Narendra Modi is set to receive a prestigious recognition during his visit to France, as he will be the guest of honour at the Bastille Day 2023 military parade. The parade, taking place in Paris, will feature French and Indian soldiers marching down the iconic Champs-Elysees avenue. As a symbolic display of cooperation, the Indian Air Force's Rafale fighter jets, purchased from France in 2015, will participate in the fly-past over the renowned Arc de Triomphe.

Arunachal Pradesh as an integral part of India. The resolution was introduced by Senators Jeff Merkley, Bill Hagerty, Tim Kaine and Chris Van Hollen on Thursday.

«With the start of earnings season, the market is likely to witness more stock specific action. In the near term, it may remain in consolidation mode though the undertone remains positive on the back of strong FII inflows, robust domestic macro-micro factors and expectation of normal monsoon,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal Financial Services Option data suggests a broader trading range in between 19100 to 19700 zones while an immediate trading range in between 19250 to 19550 zones. Here's breaking down the pre-market actions:STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded 15 points, or 0.08 per cent, lower at 19,543, signaling that Dalal Street was headed for negative start on Friday.

United Arab Emirates, host of this year’s UN climate talks, unveiled on Thursday the much-awaited plans and priorities for COP28, to be held in November in Dubai. The plan could lead to a global agreement to double energy efficiency, triple renewable energy capacity to 11,000 GW, and double hydrogen production to 180 million tonnes a year by 2030. “This plan is guided by a single north star.

Steven Kinard, director of Bitcoin mining analytics at the Texas Blockchain Council, a crypto advocacy group, has announced that he will run for a seat in the Texas House of Representatives.

jobless benefits dropped 12,000 to a seasonally adjusted 237,000 for the week ended July 8, but overall the labor market remains tight. The 10-year treasury yield fell to 3.76% from 3.86% late Wednesday. The 2-year treasury yield fell to 4.63% from 4.75%.

US Commerce Department Secretary Gina Raimondo was among a group of senior US officials whose emails were hacked earlier this year by a group Microsoft says is based in China, according to a person briefed on the matter, as fallout from the digital theft continues to spread. Secretary of State Antony Blinken made clear to China's top diplomat Wang Yi in a meeting in Jakarta on Thursday that any action that targets the U.S. government, U.S.

New Delhi: India and the US are working together to ensure that there is not disruption in the global clean energy supply chain, said Bhupinder Singh Bhalla, secretary, union ministry of petroleum and natural gas. Addressing the US-India Energy Summit: ‘Partnering for a Sustainable Future’, the official noted that the recently announced US-India New and emerging renewable energy technologies action platform would help in reducing the cost of green hydrogen production as per the respective green hydrogen strategies of both the countries.

Investing.com — With U.S. inflation data and rate hike concerns baked into the cake, OPEC did a grandstanding Thursday on its demand forecast for the current year and next to show all was hunky and dory with the oil market. 

government representatives from some 40-odd countries, representing major negotiating groups, are in Brussels for the Ministerial on Climate Action (MoCA), jointly chaired by the European Union, China and Canada. The two-day informal ministerial, which begins today, is the first meeting since the UN climate talks Bonn in mid-June that saw sharp exchanges over addressing the need to reduce emissions and the provision of support particularly to developing countries to undertake climate action.

Ranil Wickremesinghe's India trip on July 21 could lead to new arrangements across several sectors including power and energy, agriculture and maritime issues. Wickremesinghe, on his maiden trip to India in his current capacity, will be accompanied by three of his top ministers.

second spotcontinued between Hyundai Motor and Tata Motors.     This was a particularly rainy week in northern India, with loss of lives and property reported in multiple states, especially the hills.Delhireceived 40% of its seasonal rainfall in just a two-day period. Till 30 June, the monsoon deficit for the entire country was 10% of the long-period average.

Treasury Secretary Janet Yellen is visiting two of China’s neighbors where she has pushed firms to move their operations—just a week after she reassured officials in Beijing that the U.S. wasn’t out to sever trade and investment ties. The trip to India and Vietnam underlines a central tension in the U.S.-China economic relationship: Yellen and the Biden administration must figure out how to promote alternatives to China without further upsetting relations with Beijing.