China Financial News

China has reported that its economy expanded at a 5% annual pace in 2024, slower than the year before but still hitting Beijing’s target of “around 5%” growth

China’s population has fallen for the third straight year, pointing to further demographic challenges for the world’s second most populous nation that is now facing both an aging population and an emerging shortage of working age people able to support...

Subscribe to enjoy similar stories. SINGAPORE—China said its economy expanded by 5% last year, formally hitting its official growth target in a difficult year that saw officials respond to a sharp summertime deterioration in key indicators with its most aggressive stimulus in years. The country’s National Bureau of Statistics said gross domestic product was buoyed by solid growth in investment and exports, which offset weaker consumption, highlighting the unevenness of Chinese growth.

Subscribe to enjoy similar stories. China’s population continued to decline last year—though births edged up for the first time in eight years—falling for a third straight year as deaths outpaced births. China had seen birth numbers plummet since 2017, the year after it ended the one-child policy, despite Beijing’s encouragement of couples to have three children.

foreign interference inquiry on Thursday describe widespread threats and harassment of Canadian Sikhs by the government of India, much of it coordinated by diplomatic missions.Witnesses told the Hogue Commission behind closed doors India had threatened their families, spied on temples and meddled in Canada’s elections, according to the newly unsealed documents.India “interferes in Canada because there is no reason not to,” one witness told the commission, adding that “the Canadian government has been largely impotent in the face of interference.”“There have been no consequences.”The documents summarize hundreds of written submissions received from Canadians during public consultations and meetings with more than 100 members of diaspora communities.They included Chinese, Iranian and Ukrainian participants, but the statements of Sikh Canadians are particularly noteworthy, providing a community-level view of the alleged tactics of the Indian government.Indian foreign interference has seen “an acceleration” since Prime Minister Narendra Modi came to power in 2014, with high-ranking officials vowing that “dissidents in other countries would be eliminated,” one witness said.Canada has labeled India the second most serious foreign interference threat to the country, behind only China.

Cameron Brandt of EPFR Global says there is a strong inclination to return to emerging markets. However, the current appeal of the United States, at least in the short term, is so compelling that it is challenging for investors to overlook it in favor of emerging market narratives. The aspects of these narratives that hold credibility have recently experienced significant price increases. This interest is particularly focused on the major emerging markets in Asia, including India, China, Korea, and Taiwan, where substantial capital has been directed. What is the sense that you are getting? Is the dollar going to peak out anytime soon? Cameron Brandt: My sense is certainly that it has further to go and as much as there is a consistent theme for mutual fund and ETF flows, it is towards US mandated equity and bond funds.

Mayuresh Joshi, Head-Equity, Marketsmith India, says global circumstances, including Trump's potential return to office and global inflation trends, are largely beyond our control. While recent data showed some improvement, uncertainty remains, particularly regarding its effects on bond yields and interest rates. Currently, the situation is inconsistent, and corporate earnings may continue to weaken, posing challenges for emerging markets. A selective approach is essential this year, focusing on specific sectors and individual stocks, making it a market driven by stock selection. We can safely say we are out of the woods once a large chunk of earnings is behind us because that, in some sense, is the true litmus test? Mayuresh Joshi: Absolutely, right. Out of all the large emerging markets that we track, earnings is going to be a big concern, and specifically because of that, earnings downgrades. India, Hong Kong, and China are something that we put under pressure as far as the market outlook is concerned. And therefore, how this earnings season plays out specifically and what corporates have to say in terms of the outlook ahead for 2025 is going to be extremely critical.

Asian stocks slipped in early trading after US shares struggled to gain traction as traders prepared for a swath of Chinese data scheduled Friday including fourth-quarter growth. Shares in Japan fell as the yen largely held onto gains from earlier in the week, while those in Australia fluctuated, weighed by Rio Tinto Group following a report it has held early stage talks on combining its business with Glencore Plc. US equity futures were little changed.

World Bank. While the projection for FY26 is unchanged from June 2024, growth for FY27 has been revised downwards by 0.1 percentage point.

Meta Platforms, AMD, Intel, and some others, who are deeply invested in artificial intelligence research for their various products and services. Their stock prices are currently keeping the US stock market's bull run ongoing, with the stock indexes giving some great returns to their investors.

GTRI) said Thursday.

In a heated Senate confirmation hearing for Pete Hegseth, Sen. Tammy Duckworth grilled the proposed defense secretary over the Association of Southeast Asian Nations, asking him if he could name one member and how many countries were in the bloc

TikTok ban looms in US, users in America are turning to another Chinese app- Xiaohongshu also known as RedNote. Since Shanghai-based RedNote is tailored for a Chinese audience, its default language is Mandarin. This has driven a surge of US users to Duolingo for a crash course in Mandarin.

Duolingo, an online language-learning platform, has reported a spike in the number of US users learning the Chinese language, Mandarin.

Indian Oil Corp (IOC) is seeking high-sulphur oil from the spot market in its first sour crude import tender since March 2022, expecting the latest U.S. sanctions to hit supplies from Moscow, trade sources said on Thursday.

TikTok, accusing them of «unlawfully» sending Europeans' personal data to China.

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