Chinese Market

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,

Shift of axis from Indian markets: FPIs pivot to China as it unlocks

Rate hikes, elevated valuation, and China reopening lead to reallocation of funds

Mercedes-Benz slashes China EV prices by up to $33,000 as sales lag

The luxury automaker said in a statement on its website late Tuesday that it was reducing prices on certain models from its EQ range, effective Wednesday, and that it would provide subsidies

Chinese authorities call on retired soldiers to help Foxconn iPhone plant

The plant, the world's largest iPhone manufacturing facility, has been hit by discontent over government mandated measures to curb the spread of Covid-19

Rich nations stick to coal phase-out as China builds new plants

Countries within OECD policy forum and European Union on track to close more than 75% of their coal power capacity from 2010 to 2030

Trying to lock in vendors who don't want to buy from China: Biocon CEO & MD

Siddharth Mittal, CEO & MD, Biocon, elaborates on his plans to grow this business further

India, China trade crosses $100 bn during Jan-Sept; deficit up at $75 bn

India and China bilateral trade continued to boom, crossing USD 100 billion for the second year in the first nine months of 2022 while India's trade deficit climbed to over USD 75 billion, according to trade data released by Chinese customs. The total bilateral trade, amidst the military standoff in eastern Ladakh, went up to USD 103.63 billion, registering a 14.6 per cent increase compared to last year during the same period. China's exports to India climbed to USD 89.66 billion, registering an increase of 31 per cent, data released by China's General Administration of Customs (GAC) said. However, India's exports in the past nine months stood at USD 13.97 billion, registering a decline of 36.4 per cent. As a result, the total trade deficit went up to over USD 75.69 billion. Last year, the India-China bilateral trade hit a record high of over USD 125 billion crossing the USD 100 billion mark in a year when the relations touched a new low due to the standoff by the militaries in ..

Apple halts its plan to use chips from China's YMTC, say reports

Amid political pressure, tech Giant Apple has suspended plans to use memory chips made by China's Yangtze Memory Technologies Co. (YMTC) in its products, media reports said

Oil prices steady as recession fears counter positive Chinese signals

Oil prices were steady on Monday as China's continuation of loose monetary policy was offset by fears that high inflation and energy costs could drag the global economy into recession

China's $5 trillion rout creates historic gap with Indian stocks

The MSCI India Index rallied almost 10% in the just-ended quarter, compared with a 23% slump for the MSCI China Index

China's shares plunge to lowest valuation on record in Hong Kong

All but three stocks are down this year on the 50-member gauge, with property developers and tech companies at the bottom.

China's economy continues to struggle on Covid curbs, property woes

China's fragile economic recovery has been challenged this year by the country's adherence to Covid Zero, a policy intended to stamp out infections that has caused intermittent turmoil to supply chain

Apple's tech supply chain shows difficulties in cutting dependence on China

Bloomberg Intelligence estimates it would take about eight years to move just 10% of Apple's production capacity out of China, where roughly 98% of the company's iPhones have been made

China pessimism prevails as traders overlook key earnings beats

A number of market heavyweights have seen shares slump after a good earnings show, as investors chose to focus on segment misses or simply used the event as an opportunity to take profit

ICAI probing chartered accountants for role in helping Chinese loan apps

Indian CAs are accused of not conducting due diligence before signing several statutory documents for several Chinese loan apps

Chinese smartphone market registers sharp decline in demand: Report

China's smartphone market boom comes to an end as it registers a sharp decline in demand within the mainland and outside

Cheap but claiming lives: Banned Chinese manjha keeps killing edge

Lives hang by a thread as the so-called Chinese manjha spares neither man nor animal, flying high on kite fliers' competitive spirit and traders' pursuit of profit

Delhi HC asks police of steps taken to implement Chinese Manjha ban

Delhi High Court asked the Delhi Police to inform the court about the steps it has taken to implement the National Green Tribunal order banning 'Chinese Manjha' (kite string) usage of kite flying

Asian stocks outside China see greater outflow than previous market crises

Global funds offloaded a net $40 billion of equities across seven regional markets last quarter, exceeding any three-month period characterised by systemic stresses since 2007

Asia's factories feeble despite China bounce, feeds global recession fears

China's manufacturing activity expanded at its fastest in 13 months in June, a private survey showed, as the lifting of Covid lockdowns sent factories racing to meet solid demand