Page 3 - Chinese Market

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

China orders govt agencies, state firms to dump foreign PCs within 2 years

It's likely to directly affect sales by HP Inc. and Dell Technologies Inc., the country's biggest PC brands after local champion Lenovo Group Ltd

Global stocks fall after China manufacturing weakens

London's FTSE 100 lost less than 0.1% to 7,575.04 while Frankfurt's DAX added 0.1% to 7,578.75. The CAC 40 in Paris shed less than 0.1% to 6,743.19

India's Chinese imports slip 7.2% to $65.21 bn in 2020-21; exports up 26%

Imports from China declined 7.2 per cent to USD 65.21 billion in 2020-21 from USD 70.31 billion in 2018-19, Parliament was informed on Friday

Govt recommends continuation of anti-dumping duty on Chinese Aluminium foil

The commerce ministry has recommended the continuation of anti-dumping duty on Chinese aluminium foil, used in food and pharma sectors, for five years to guard domestic players from cheap imports.

Tencent, Alibaba jump over 20% as govt assures stability and support

The HSI surged more than 9 per cent to above the 20,000-point mark

Global stocks slump on surging inflation, Ukraine risks; China mkts recover

Sentiment also suffered on worries over Russia's war against Ukraine, after talks between their foreign ministers on Thursday brought little respite in the conflict between the two countries.