India’s financial lifeline Mumbai has beaten China’s Beijing to become the billionaire capital of Asia, according to the Hurun India Rich List 2024.
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Move over Beijing, Mumbai is the new capital of Asian billionaires: Hurun India Rich List 2024
RTX fined $200 million for exports to China and others, US says
RTX Corp will pay a $200 million fine to settle allegations that the aerospace and defense company violated export laws by exchanging data and products with prohibited countries, including China, U.S.
China’s Lending To Africa Increased In 2023, Study Shows
Chinese lending to Africa rose for the first time in years in 2023, new research by Boston University’s Global Development Policy Center showed Thursday. But the $4.61 billion loaned last year is …
China leads in up to 89% of tech research, study shows
New research from the Australian Strategic Policy Institute (ASPI) shows that China is now leading the way in 57 out of the 64 technologies assessed by its Critical Technology Tracker, which has now …
U.S., Canada EV Tariffs May Lead To Partnerships With China: Sino Auto
It’s politically radioactive” for U.S. automakers to talk about collaboration with China before the presidential vote, says Sino Auto Insights Managing Director Tu Le …
USTR says decision on Section 301 tariffs on Chinese imports to be announced in coming days
The U.S. Trade Representative’s office said on Friday it was continuing to develop final determination on Section 301 tariffs on Chinese imports and will make a decision public in the coming days.
In China, Jake Sullivan cements a triumph of quiet diplomacy
China and the United States have opened military communications channels and other contacts in a bid to avoid misunderstandings and miscalculations.
China Neighbor India Receives Nuclear Submarine Boost
India has successfully tested a nuclear intercontinental ballistic missile with a new delivery system in March. By using multiple independently targetable re-entry vehicle technology, the missile can …
USTR delays final determination on China tariffs, announcement due in coming days
The Biden administration on Friday again delayed an announcement of its final determinations for steep U.S. tariff hikes on Chinese-made electric vehicles, batteries, semiconductors and solar cells, …
China Market Update: Hong Kong Gains, Mortgage Refinancing Powers Real Estate, Week In Review
Asian equities were mixed but mostly higher this week as Hong Kong outperformed and South Korea underperformed. Shares in E-Commerce giant PDD were volatile this week as the compa …
China’s Central Bank Starts Govt Bond Trading in Highly Anticipated Move
About $14 billion has been injected into the financial system via open market operations after warnings about the risks posed by the country’s extended bond rally, which has pushed Chinese long-term …
China’s state banks report more bad loans to hotels, restaurants and stores
HONG KONG — Bad loans in consumer-facing industries have crept upward at China’s biggest state-owned banks while a key gauge of profitability has fallen, posing a fresh challenge in managing loan …
China Vanke posts $1.1 billion H1 core loss, sees positive cash flow
China Vanke, a major state-backed property developer, on Friday reported its first core loss of 7.6 billion yuan ($1.07 billion) in the first half, but it said its cash flow returned to positive in …
