Page 44 - China

TMS Ep313: GST share of states, China plus one, Markets, FPO

Why do states want a bigger share of GST? Does China plus one strategy mean advantage India? Will the rally in the broader markets continue? What is a follow-on public offer? All answers here

Does China plus one strategy mean advantage India?

Gradual increase in labour costs in China has prompted companies to look for alternative destinations. Can India reap the benefits of its demographic dividend? Will it score over its SE Asian rivals?

Need to evolve; golden era of UK-China ties over, says PM Rishi Sunak

Sunak further stressed that "we cannot simply ignore China's significance in world affairs -- to global economic stability or issues like climate change"

China uses cops, social media censors, quiet Covid easing to stem protests

While the concessions to strict Covid Zero policies are minor, changes over the past few days have given hope to market watchers

Foxconn offers more bonuses to win back protesting staff in iPhone city

Foxconn Technology Group is offering workers who left the Zhengzhou complex between Oct. 1 and Nov. 10 an extra 30 yuan ($4.20) an hour on top of their regular wages through December and January

UN asks China to 'guarantee right to demonstrate' amid Covid protests

The large-scale protests in China were apparently sparked by an apartment block fire in Urumqi, the capital of the Xinjiang province, which killed at least 10 people

US Dollar holds firm as China's Covid-related worries, Fed remarks weigh

The greenback had extended gains after St. Louis Fed President James Bullard said overnight that the Fed needs to raise interest rates quite a bit further

Apple to lose 6 million iPhone Pros because of turmoil at China plant

Apple's shares fell 2.6% to $144.22 in New York on Monday, marking the biggest one-day drop in more than two weeks. They have declined 19% this year

iPhone 14 Pro wait times hit new peak after disruptions at China factory

Customers buying Apple's most premium devices in the US this year can now expect to wait as long as 37 days, according to Counterpoint Research

Asia shares take comfort in China property rally, investors eye protests

Shares of Chinese property companies surged after the country's securities regulator lifted a ban on equity refinancing for listed property firms

US continues to support right of peaceful protest: White House on China

The United States continues to stand up and support the right of peaceful protests in China, the White House said Monday. The United States is closely watching the developments in China, White House's National Security Council Coordinator for Strategic Communications John Kirby told reporters at a news conference. Our message to peaceful protesters around the world is the same and consistent: People should be allowed the right to assemble and to peacefully protest policies or laws or dictates that they take issue with, Kirby said Protests have erupted across China against the Chinese government's hash Covid rules. "We're watching this closely, as you might expect we would. And again, we continue to stand up and support the right of peaceful protest. And I think we're going to watch this closely, and we'll see where things go," he said in response to a question. Kirby said the US has not offered any aid to China at this time. We are the largest supplier of COVID vaccines around the

Oil prices slide on concerns over China's demand amid Covid curbs

Brent crude futures fell 45 cents, or 0.5%, to trade at $82.74 a barrel at 0113 GMT. U.S. West Texas Intermediate (WTI) crude futures dropped 51 cents, or 0.7%, to $76.73 a barrel

China's Covid zero strategy: Xi holds few cards to end historic protests

Beijing says it won't set up gates to block access to Covid-hit compounds anymore

Indices log new record highs buoyed by RIL; Sensex rises 211 points

3.5% jump in RIL lifts indices; Nifty crosses 2021 intra-day high

China to send 3 astronauts to own space station, eyes manned Moon mission

China will be sending a three-person crew to its space station, which is nearing completion, and also announced on Monday plans for a manned mission to the Moon amid intensifying competition with the US. The Shenzhou-15 crewed spaceship will be launched from the Jiuquan Satellite Launch Centre in northwest China on Tuesday, the China Manned Space Agency (CMSA) announced. The spaceship will take three astronauts -- Fei Junlong, Deng Qingming, and Zhang Lu -- to carry out the spaceflight mission. Fei will be the commander of the mission, Ji Qiming, assistant to the director of the CMSA, told the media. The crew will stay in orbit for about six months, a period in which the construction of the low-orbit space station is expected to be completed. The launch will be carried out with a Long March-2F carrier rocket, which will be filled with propellant soon, Ji said. After entering the orbit, the Shenzhou-15 spaceship will make a fast, automated rendezvous and dock with the front port o

Don't ignore Covid

The vaccination programme needs to be updated and revised

US and global markets sink as unrest in China spreads over Covid cases

Wall Street is heading lower ahead of Monday's opening bell amid widespread protests in China calling for Xi Jinping to step down and an end to one-party rule. Futures for the Dow Jones industrials fell 0.5 per cent and the S and P slipped 0.7 per cent. Crude prices neared a low point for the year partially due to unrest in China, and have fallen for three consecutive weeks. Crude prices are now negative for 2022 and, after soaring above USD 120 in June, a barrel of benchmark US crude can now be had for less than USD 74 per barrel. The upheaval in China is the greatest show of public dissent against the ruling Communist Party in decades. Protestors are railing against policies aimed at eradicating the coronavirus by isolating every case, a policy that may have contributed to the death toll in an apartment fire in Urumqi in the northwestern Xinjiang region. For investors, when it comes to China, trying to predict with any degree the reopening certainty that has no certainty, basis,

China defends zero-Covid policy amid massive protests; Reports 40k cases

China on Monday dismissed concerns over its controversial zero-COVID policy in the face of unprecedented demonstrations, which have spread to Beijing even as it reported close to 40,000 coronavirus cases and authorities scrambled to contain the fresh surge in infections and protests against the Xi Jinping regime. The protests, which comes nearly a month after President Xi was elected as the ruling party's top leader for a third consecutive term, have spread to Shanghai, Beijing and many parts of the country in the last few days against the stringent policy under which cities and localities are kept under prolonged lockdowns and isolations. Chinese Foreign Ministry spokesman Zhao Lijian also defended the arrest of a BBC journalist covering the demonstrations in Shanghai, maintaining that the scribe did not present his media credentials. "What you mentioned does not reflect what has happened," Zhao told a media briefing when asked, given the widespread display of anger and frustration

Oil prices erase 2022 gains as China's protests spark demand worries

Oil prices fell close to their lowest this year on Monday as street protests against strict COVID-19 curbs in China, the world's biggest crude importer, stoked concern over outlook for fuel demand

Clashes in Shanghai as protests over China's zero-Covid policy continue

Hundreds of demonstrators and police have clashed in Shanghai as protests over China's stringent Covid restrictions continued for the third day and spread to several cities