China Financial News

04.07 / 16:15

Digital Cooper Progressive Strategy Remark At SCO summit, India reiterates opposition to China's Belt and Road Initiative

India on Tuesday once again refused to endorse China's ambitious Belt and Road Initiative (BRI), becoming the only country in the Shanghai Cooperation Organisation (SCO) not to support the project. A declaration issued at the end of an India-hosted virtual summit of the grouping said Russia, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan reaffirmed their support to the BRI.

04.07 / 16:01

IPO Story on Shein's IPO plans withdrawn

(Reuters) -The June 29 story on Shein has been withdrawn because it incorrectly stated that the China-founded online retailer had registered with U.S. regulators for an initial public offering. A new story will follow.

04.07 / 15:09

Ethereum Stablecoin Sport Legal Credit Suisse Bitcoin defi protocols Standard Today in Crypto: Bitget Launches Crypto Loans Product, Ethereum Community Proposes New Standard to Strengthen DeFi Protocols' Security, China Tightens Exports of Two Key Materials Used in Computer Chips

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

04.07 / 14:53

COST UPS Factbox-Some facts about strategic materials germanium and gallium

(Reuters) — China has announced export restrictions on some gallium and germanium products, metals used in computer chips and other products, citing national security interests.

04.07 / 14:45

Provident Cooper Platform Remark International At SCO, Iranian President calls for removal of dollar in transactions to form fair international system

Ebrahim Raisi on Tuesday said the Western hegemonic powers have jeopardised prosperity and the principles of fair trade by resorting to economic coercion and sanctions as he called for the removal of the dollar in transactions to form a fair international system. Raisi made the remarks while addressing the 23rd meeting of the Shanghai Cooperation Organisation (SCO) Council of Heads of State (CHS) presided by Prime Minister Narendra Modi via a video link as Iran became the 9th permanent member of the Beijing-headquartered economic and security bloc.

04.07 / 13:37

Digital Cooper foreign PM Modi highlighted India's contribution to SCO in meet attended by Putin, Xi: Foreign Secretary Kwatra

Prime Minister Narendra Modi chaired a virtual summit of the Shanghai Cooperation Organisation on Tuesday, highlighting India's contribution to the group over the past six years. He also stressed the need for the member nations to work together to eliminate the menace of terrorism.

04.07 / 13:07

UPS MET Fighting Strategy Cooperation Putin says Russia is 'united as never before' during Shanghai Cooperation Organization meeting

President Vladimir Putin says that the Russian people were “united as never before” as he sought to project confidence in the wake of a short-lived revolt at a meeting of a rare international organization where he can find a sympathetic audience

04.07 / 12:13

business regulation China to tighten control on exports of AI chip-making materials

The Chinese government has announced plans for export controls on metals predominantly used to manufacture semiconductors used in the development of artificial intelligence (AI) systems.

04.07 / 12:11

UPS MET Cooper Fighting Strategy Putin says Russia is 'united as never before' at meeting of Russia- and China-led security group

Vladimir Putin claimed Tuesday that the Russian people were «united as never before,» as he sought to project confidence in the wake of a short-lived revolt, at a meeting of a rare international organization where he can find a sympathetic audience. The Shanghai Cooperation Organization meeting, hosted via videoconference by India, was Putin's first multilateral summit since an armed rebellion rattled Russia and comes as he is eager to show that the West has failed to isolate Moscow over its 2022 invasion of Ukraine.

04.07 / 11:50

Target VISA CEO Matthews US measure would ban products containing mineral mined with child labor in Congo

New U.S. legislation would ban imported products containing critical green transition minerals mined by child labor in Congo

04.07 / 11:50

Waters Vietnam bans 'Barbie' movie due to an illustration showing China's territorial claim

State media have reported that Vietnam has banned distribution of the popular «Barbie» movie because it includes a view of a map showing disputed Chinese territorial claims in the South China Sea

04.07 / 11:50

Citi Target Waters expansion EU climate chief is concerned over the expansion of the coal industry in China

The European Union's climate chief has expressed concern over the expansion of China's coal industry, with the building of new coal-fired plants

04.07 / 11:49

BLOCK Manufacturing Mobile Micron China restricts exports of high-tech metals in a slap at Washington ahead of Yellen's visit

China has imposed export curbs on two metals used in computer chips and solar cells, expanding a squabble with Washington over high-tech trade ahead of Treasury Secretary Janet Yellen’s visit to Beijing this week

04.07 / 11:29

UPS Citi Fighting Tesla record high Tesla, BYD's China deliveries hit record high in Q2

By Qiaoyi Li and Brenda Goh

04.07 / 11:03

Cooper Manufacturing Remark China’s Xi says countries share responsibility to promote growth, opposes decoupling

BEIJING — Chinese President Xi Jinping said Tuesday that Beijing opposes «decoupling and breaking links,» according to a CNBC translation of a Chinese-language state media readout.

04.07 / 10:49

Citizens ‘Hope Beijing, Washington would meet each other halfway,’ says Treasury Secretary Yellen, meets Chinese ambassador

Also read: US warns citizens to reconsider their travel plans to China: ‘May be detained…’ The Treasury issued a statement acknowledging Yellen's support for "ongoing efforts to maintain open lines of communication and responsibly manage the US-China bilateral relationship". Both sides characterized the discussion as frank and productive in their official statements.

04.07 / 10:39

Blockchain Adoption regulation Web3 Bitcoin Regulation regulatory U.S. crypto regulatory uncertainty could be Hong Kong’s gain - Yat Siu

Industry experts believe Hong Kong’s shifting attitude towards blockchain technology, cryptocurrencies and Web3 could entice businesses away from the United States.

04.07 / 10:23

Manufacturing Crude oil higher; U.S. holiday limits trading ranges

Investing.com — Oil prices traded higher Tuesday as the decision by a series of top producers to cut supply has boosted sentiment, overshadowing concerns over slowing manufacturing activity.

04.07 / 10:23

UPS Waves Manufacturing Commerzbank Oil rises as market weighs supply cuts against gloomy economic outlook

By Natalie Grover

04.07 / 10:23

UPS Twitter Platform Microchip Global stocks muted, Meta to unveil Twitter rival - what's moving markets

Investing.com — Global stocks search for direction with Wall Street set to remain closed on Tuesday for the July 4 holiday. Meanwhile, Meta gears up to release a platform to rival Twitter later this week in a bid to attract users unhappy with Elon Musk's management of the social media site. Elsewhere, China unveils export controls on two key minerals in the latest development of an ongoing war over microchips between Beijing and the West.

04.07 / 10:19

Target Merit India urges IMO to establish a realistic target for 5% zero carbon marine fuel mix by 2030

Also read: India may ship 290,000 tonnes of broken rice to Mali India expressed support for the proposal of a financial levy on greenhouse gas emissions, emphasising that its purpose should be to encourage the transition to green energy rather than penalize the industry. The delegate highlighted the importance of generating funds for research and development in the maritime sector, as well as for the production of alternate fuels and the development of infrastructure for their supply networks in ports worldwide.

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