China News
The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles (BEVs). “Today, the European Commission’s proposal to impose definitive countervailing duties on imports of battery electric vehicles (BEVs) from China has obtained the necessary support from EU Member States for the adoption of tariffs,” the EU said in a statement….
Insider Brief U.S. Senators Maggie Hassan and Marsha Blackburn are pressing the Pentagon for answers on its quantum sensing efforts, citing concerns over China’s advances in the field, as reported by Defense One. Quantum sensing, which could enable jam-resistant navigation and positioning systems, is closer to real-world application than quantum computing, and China currently leads…
By Rajendra Jadhav and Daksh Grover (Reuters) – Gold demand in India improved slightly this week due to an upcoming festival but remained lower than usual because of record-high prices, while Chinese markets were closed for a holiday. “With the Dussehra festival coming up, retail demand is starting to pick up, but it’s still much…
(Bloomberg) — As Chinese stocks in Hong Kong head for their best two-week rally since 2007, questions are arising over just how far this rebound can go. Most Read from Bloomberg The Hang Seng China Enterprises Index has gained 35% since last month’s low, with a bulk of the gains coming after Beijing’s bumper stimulus…
BEIJING (SCMP): China’s box office bookings for the ongoing National Day holiday period had surpassed 1 billion yuan (US$142 million) as of Thursday (Oct 3) morning, according to box office tracker Dengta Data, but the industry remains under pressure compared with years past. This year’s bookings crossed the 1 billion yuan mark on the third…
Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. Escalating tensions in West Asia could cause trade and stock market shocks for India. Meanwhile, manufacturing PMI grew at the slowest pace in eight months,…
The direct effects of China’s latest stimulus may not kick in until 2025, one researcher says. That’s because Beijing needs to ramp up spending in addition to monetary stimulus measures. More funds probably won’t be available until year-end, given lags in the legislative process. China’s massive stimulus package may not have any direct effect until…
(Bloomberg) — Chinese tech stocks have had a tremendous rally since the nation announced its stimulus spree. And all signs point to fresh buying being the main cause. Most Read from Bloomberg Short positions on American Depositary Receipts of major companies including Alibaba Group Holding Ltd., JD.com Inc. and Baidu Inc. haven’t changed dramatically in…
The onset of the festive season didn’t bring the cheer India’s stock market investors had hoped for. They turned poorer by ₹11 trillion on record foreign investor outflows amid a sharp bounce back in Chinese stocks following recent fiscal and monetary stimulus measures, escalating tensions in West Asia, and expensive share valuations. These factors coincided…
The Chinese national suspected of pouring hot coffee on a baby in a Brisbane park had “brain issues” and was out for revenge, it has been claimed. Luka was with his mom in Hanlon Park on August 27 when a man who the family had never met poured hot coffee on the baby before fleeing….