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coal exports to India to tap into growing demand for the fuel in the Asian country, Russian Deputy Prime Minister Alexander Novak said. China remains the biggest buyer of Russian coal but Moscow has said India may overtake it by the start of the next decade as Beijing plans cutbacks on coal usage for power generation. India has increasingly relied on coal to address record power demand, with the rise in coal-fired power output earlier this year outpacing renewable energy growth for the first time since at least 2019.

Asian shares have advanced after a surprisingly strong U.S. jobs report raised optimism about the economy, sparking a rally on Wall Street

Hungary's prime minister says the European Union risks entering an “economic cold war” with China, and is pledging to vote against an EU plan to impose higher tariffs on the import of Chinese electric vehicles

European Union countries have voted to impose duties on imports of electric vehicles from China, as talks continue between Brussels and Beijing to end the standoff before an end-of-October deadline

electric vehicles, the EU executive said on Friday, even after the bloc's largest economy Germany rejected them, exposing a rift over its biggest trade row with Beijing in a decade. The proposed duties on Chinese-built EVs of up to 45% would cost carmakers billions of extra dollars to bring cars into the bloc and are set to be imposed from next month for five years. The Commission, which oversees the bloc's trade policy, has said they would counter what it sees as unfair Chinese subsidies after a year-long anti-subsidy investigation, but it also said on Friday it would continue talks with Beijing.

Subscribe to enjoy similar stories. TAIPEI—For years, residents of Taiwan who were curious what a Chinese invasion might look like had to rely largely on their own imaginations. Now they are starting to get help.

Chinese stocks as Beijing’s stimulus blitz sets off an epic rally. Just don’t count Rajiv Jain among them. The manager of the top-performing $23 billion GQG Partners Emerging Markets Equity Fund has kept his holdings in Chinese stocks at about 12% of the fund — roughly half of the weighting of its benchmark. As a result, the fund’s outperformance this year has been wiped out as the MSCI China Index ripped more than 30% higher in just 10 days.

Carlos Alcaraz said Thursday he had no time to celebrate becoming the China Open champion thanks to the gruelling tennis schedule, rushing straight from the stadium to catch a flight to the ongoing Shanghai Masters. Alcaraz defeated world number one Jannik Sinner over the course of a draining three hours and 21 minutes on Wednesday night in Beijing, but by noon the next day was already at a press conference in Shanghai. The 21-year-old has previously said that the men's tennis schedule is «going to kill us», and that «we have to do something about it», but on Thursday seemed to rein in his criticism.

Joe Biden said the US would not support disproportionate Israeli retaliation against Iran's missile attacks. Separately, US Federal Reserve chair Jerome Powell indicated subsequent interest rate cuts would not be as steep as the half-a-percentage-point initial drop. The US is not only keeping capital markets reasonably calm through its geopolitical stand and monetary policy, but it has also capped a spike in oil prices by adding impressive inventory.

The Department of Homeland Security has announced that it would ban the import of goods from a Chinese steel manufacturer and a Chinese maker of artificial sweetener

forced labour from China's far-west region of Xinjiang. The action broadens the scope of the US effort to counter products from entering the country that the government says are tied to human rights abuses. The additions to the entity list under the Uyghur Forced Labour Prevention Act marks the first time a China-based steel company or aspartame sweetener business have been targeted by US law enforcement, DHS said. «Today's actions reaffirm our commitment to eliminating forced labour from US supply chains and upholding our values of human rights for all,» said Robert Silvers, undersecretary of Homeland Security for policy. «No sector is off-limits. We will continue to identify entities across industries and hold accountable those who seek to profit from exploitation and abuse.»

Exchange-traded funds overseas that track Chinese stocks continued their stimulus-triggered rally Wednesday even as mainland markets were shut for a week-long holiday.

China has driven its technology industry off a cliff. The number of startups fell by 50,000 between the peak in 2018 and 2023, with this year on track to be even lower. The market capitalizations of the biggest tech companies, including Alibaba Group Holding Ltd. and Tencent Holdings Ltd., have shrunk to the tune of hundreds of billions, and pale in comparison to US peers. There is no sign that the sector will ever rebound to what it was before a government crackdown that kicked off in late 2020, even as policymakers have signaled it’s over. Becoming a billionaire entrepreneur has become something to be feared, rather than celebrated. It’s easy for US policymakers to see this with vindication and yet more evidence of a superior tech landscape at home. And from their vantage point, they are correct: President Xi Jinping strangled a generation of entrepreneurs who could have benefited consumers and made investors a lot of money.

Xi Jinping issuing a stern warning that the road ahead for the Communist nation won't be smooth as it is weighed down by economic headwinds coupled with intensifying rivalry with the US and growing tensions with neighbours, including India. A large number of people attended the ceremonial flag hoisting at the sprawling Tiananmen Square in Beijing on Tuesday to celebrate the National Day as the country shut down for a week-long holiday. Other than this, there were no festivities nor grand military parades displaying China's military might like in the 60th and 70th anniversaries of the National Day, but a rallying call from Xi asking people to prepare for hard times. «The road ahead won't be smooth and flat, there will be difficulties and obstacles. [We] might face high winds and rough seas, even stormy seas,» Xi said at a banquet on the eve of the anniversary as China tries to regain economic momentum amid an increasingly challenging set of geopolitical headwinds.

Subscribe to enjoy similar stories. China’s real-estate bust left behind tens of millions of empty housing units. Now that historic glut of unoccupied property is colliding with China’s shrinking population, leaving cities stuck with homes they might never be able to fill.

The latest surveys of Chinese factory managers show the economy weakening in recent weeks, as the government ratchets up stimulus

China stocks rallied to their best day in 16 years, with related U.S. ETFs also soaring after recent economic stimulus buoyed investor optimism in the market.

BEIJING — Chinese President Xi Jinping said Monday that no challenges can stop the country from moving forward and reiterated Beijing's reunification aims with Taiwan.

Subscribe to enjoy similar stories. A major injection of economic stimulus in China drove gains in stocks from Beijing to New York at the end of the quarter. Some investors say what happens there could be key to markets’ direction in the months ahead.

The sole candidate in the election for Macao’s next leader has pledged to diversify the economy of the Chinese casino city, a goal previously laid out by Beijing

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