Chinese Market

China state media dismiss Trump's tariff threat, focus on fentanyl

Trump is threatening Beijing with far higher tariffs than the 7.5 per cent-25 per cent levied on Chinese goods during his first term

Stock Market Highlights: Sensex holds 80k, ends 100 pts down; Ratings downgrade jolt Adani shares

Stock Market Close Highlights: The NSE Nifty 50 index slipped below 24,200; Small-cap stocks outperformed the broader market, with the Nifty Smallcap100 closing 0.8 per cent higher on Tuesday.

CLSA does U-turn on China, ups India exposure after Donald Trump win

Reverses overweight; India once again biggest OW in Asia-Pac portfolio

China's new home prices post steepest annual decline in nine years

In annual terms, new home prices slid 5.9 per cent in October, in their 16th consecutive month of declines, after a 5.8 per cent drop in September

Share Market Today: RBI MPC meet, Q2 earnings, Middle East war, Oil, FIIs

At 6:40 AM, GIFT Nifty futures were trading 89 points higher at 25,262 levels, suggesting a robust opening for the markets.

China ready to welcome more Indian firms into its market, says envoy

China is ready to welcome more Indian companies to enter its market, Chinese ambassador Xu Feihong said on Thursday while hoping that a "sound" business environment will be provided to Chinese firms in India. In an address at an event, Xu said China is looking at India to take "positive measures" for resuming direct flights and visas for Chinese citizens. The Chinese envoy's remarks came amid the dragging border row in eastern Ladakh. India has been maintaining that its ties with China cannot be normal unless there is peace in the border areas. The two countries should "correctly" view each other's development and strategic intentions, firmly steer bilateral ties in the right direction, and mutually accommodate each other's core interests and major concerns, he said. "We need to properly handle differences through dialogue, steadily promote exchanges and cooperation at all levels in various fields, prevent our cooperation from being disrupted by a single incident," Xu said. He, ..

Honda Motor cuts jobs in China, pauses production at three plants

The automobile industry's rapid transition toward EVs and fierce competition in China have hurt sales and earnings of foreign automakers, including Japanese, American and German

China issues guidelines for medium, long-term green power trading

Green power trading is a market-based approach to promote green electricity consumption that could help China shift away from a reliance on subsidies

UK firms expecting hard time in China over next 5 years, warns lobby group

British business confidence is further constrained by growing risk of increased trade tensions due to a complex geopolitical environment, it added

FPIs withdraw Rs 28,200 crore from Indian equities on election jitters

Foreign investors have pulled out a massive Rs 28,200 crore from Indian equities so far this month, owing to uncertainties about the outcome of the general elections and attractive valuations of Chinese markets. The withdrawal was way higher than a net pullout of over Rs 8,700 crore in April on concerns over a tweak in India's tax treaty with Mauritius and a sustained rise in US bond yields. Before that, FPIs made a net investment of Rs 35,098 crore in March and Rs 1,539 crore in February. Going forward, there is likely to be a dramatic change in foreign portfolio investors' (FPIs) equity flows in response to election results. Political stability will attract huge inflows in the Indian market, VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said. Following the Lok Sabha elections, FPI inflows into India could strengthen due to three key factors -- potential easing of interest rates by the US Federal Reserve, positive resolutions in global geopolitical tensi

Technology pioneer Kai-Fu Lee aims to bring China its ChatGPT moment

Lee's firm, 01.AI, is launching a free productivity assistant called Wanzhi, the latest in a series of AI products it's developing

Souring China dreams force Western financial firms to cut down on costs

More companies are expected to follow suit soon as a tepid deals pipeline and lacklustre asset generation weigh on expenses and revenues

Intel to launch two AI chips with reduced capabilities for Chinese market

Rival Nvidia also has plans for three China-specific chips after the United States late last year tightened a rule capping the capabilities of AI chips that can be shipped to China

G42 made secret pact with US to divest from China before Microsoft deal

In exchange for the Chinese divestment, G42 was assured that it would have continued access to US technology that powers AI applications, one of the people said

Joe Biden orders investigation into security risks of Chinese-made cars

Biden noted that China is determined to dominate the future of the auto market, including by use of unfair means

The next few months are likely to see increased volatility: Shiv Sehgal

Valuations of midcaps and smallcaps have reached very high levels, and hence to that extent leave little margin of safety, Sehgal said

India imposes anti-dumping duty on 3 Chinese products for 5 years

India has imposed anti-dumping duties on three Chinese products -- wheel loaders, gypsum tiles, and industrial laser machinery -- for five years to guard local manufacturers from cheap imports from the neighbouring country. These duties were imposed following recommendations of the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR). The DGTR in separate probes have concluded that these products have been exported at a price below normal value in Indian markets, which has resulted in dumping. The domestic industry has suffered material injury due to the dumping of these products. According to separate notifications of the Central Board of Indirect Taxes and Customs (CBIC) issued last month, the duties have been imposed on gypsum board/tiles with lamination at least on one side. Such duties have also been imposed on industrial laser machines, in fully assembled, Semi Knocked Down (SKD) or Completely Knocked Down (CKD) form, used for cutting, marking,

Govt may further streamline visa approval process for Chinese technicians

The government is considering further streamlining of processes for timely approval of visas for Chinese professionals and technicians whose expertise is required by the Indian industry to set up manufacturing capacity, a senior official said. Certain Indian industry players have approached the government stating that they are facing problems in getting visas for Chinese professionals whose expertise is required for things like setting up machines in factories. The government has recently put in place a standard operating procedure (SOP) for streamlining visa approvals for Chinese technicians whose expertise is required by vendors under the PLI (Production Linked Incentive) scheme. "Now we may be liberalising it for others. That process is on and a Cabinet note is under preparation. Within the existing system, there is an SOP now to expedite visas for Chinese who are to come in to help set up manufacturing capacity in India. We have already streamlined it quite a bit, now we are ...

Domestic consumption, Chinese market can lift Darjeeling tea: ITEA chairman

Teas from Nepal, sharing similar characteristics with Darjeeling tea, have made inroads. Kanoria warned that the threat from Nepal was serious

Chinese factory activity rebounds, adding to recovery signs: Survey

Chinese factory activity rebounded in January from three months of contraction, adding to signs the world's second-largest economy might be recovering from a painful slump, an official survey showed Tuesday. A monthly purchasing managers' index issued by the Chinese statistics agency and an industry group rose to 50.1 on a 100-point scale on which numbers above 50 show activity growing. That was an unusually large gain of 3.1 points from December's 47. China's economic growth sank to 2.9 per cent over a year earlier in the final three months of 2022, but economists point to increased investment and improved consumer spending as signs activity is recovering. Manufacturers have been hurt by lackluster US and European demand for exports after central banks raised interest rates to fight inflation. Chinese consumer demand weakened following COVID-19 outbreaks and a downturn in the real estate industry. New orders, new export orders, factory activity and employment improved in January,