Page 4 - Chinese Market

China hikes defence budget by 7.1% to $230 bn, three times India's spending

China's hike in defence spending comes amid the People's Liberation Army's growing incidents of muscle-flexing in the strategic Indo-Pacific region

China wipes $26 billion off Meituan's value with new fee policy

Online food delivery platforms were also told to give preferential fees to restaurants in regions hit by the pandemic

India, China power Unilever to report fastest growth in 9 years in 2021

Priority markets of China, India, and the US grew at 14.3 per cent, 13.4 per cent, and 3.7 per cent respectively, said Unilever CEO Alan Jope

Stocks mixed as Beijing adds stimulus; Brent hits 3-year high of $86.7/bbl

A holiday in the United States made for thin trading, but that did not stop Treasury futures from sliding further and Brent crude hitting a three-year top of $86.71 a barrel

China rues 'insufficient' penalties, to tighten antitrust legal enforcement

China last month elevated the seniority of the market regulator's antitrust unit, the National Anti-monopoly Bureau

BlackRock says it's time to buy China stocks and trim India exposure

'Because of the outperformance we've seen in India this year, on a relative basis, we are starting to take profits,' says a BlackRock exec

Chinese markets set for worst showing versus EM peers since 2004

The MSCI China index has underperformed the MSCI EM (excluding China) index by 28 per cent so far this year

Broader markets rally up to 3% ahead of Fed outcome; Nifty Media jumps 13%

NSE Nifty settled the day in the red ahead of the FOMC outcome later today

China fear spreads beyond Evergrande crisis, roiling stock markets

At 24,099 points, Hong Kong's broader Hang Seng index closed at its lowest level since Oct '20

China worse than India on regulatory woes, state-owned enterprise skew

Domestic markets up 22% this year, MSCI China down 12%

A world in transition: US in retreat, China on the rise, Quad in a quandary

The ineptness of US presidents, combined with the cluelessness of Americans in foreign lands, contrasts with the Chinese leadership's focus on the accumulation of wealth and power, writes T N Ninan

China cryptocurrency miners squeezed further as Anhui halts projects

Anhui plans to shut down all crypto mining projects within the next three years due to a power supply shortage

Just days after IPO, China opens cyber probe against Didi; shares fall 10%

Beijing-based Didi said in a statement to Reuters that it planned to conduct a comprehensive examination of cybersecurity risks and would cooperate fully with the relevant government authority.

China's new data law gives Xi Jinping the power to shut down tech firms

Chinese tech stocks were mixed Friday. Alibaba fell 1.2 per cent and Tencent slipped 0.8 per cent at the close in Hong Kong.

China's strong recovery shows signs of softening as costs surge

Confidence among SMEs eased in May from the highest level since the Covid-19 outbreak in the previous month

Chinese billionaire's net worth tumbles $10 bn after Archegos implosion

The billionaire's online tutoring firm, GSX Techedu Inc., has been battered in the stock market

Cyber yuan: China rolls out its own e-currency, a first for major economy

It's poised to give Beijing power to track spending, and money that isn't linked to the global financial system

Lupin plans expansion, aims to enter Chinese market in the next one year

The company has now decided to focus on specialty drugs. The annual price cuts made the Japanese generics market unattractive

European Union gets better access to Chinese market after key accord

Investment deal, to come into force in 2022, brings 7 years of negotiations to a closure, but risks EU tensions with US

Buoyed Chinese stock market tops $10 trillion, shrugs off 2015 rout

The world's second-largest stock market has added $3.3 trn since March lows