India’s Prime Minister Narendra Modi delivered a speech at the opening session of the G20 Leaders’ Summit on September 9, 2023. The summit saw the Group of 20 nations come together and reach a consensus on various issues to enhance development in the Global South. In a joint declaration consisting of 83 paragraphs, the G20 …
Cargo ships dock at the Longtan Container Terminal of Nanjing Port to load and unload containers in Nanjing, Jiangsu province, China, Sept 6, 2023. Nurphoto | Nurphoto | Getty Images BEIJING — China reported Thursday another monthly decline in imports and exports, albeit less steep than expected. Exports in U.S. dollar terms fell by 8.8% …
NANJING, CHINA – AUGUST 18, 2023 – Aerial photo shows a residential area of Evergrande in Nanjing, East China’s Jiangsu province, Aug 18, 2023. (Photo by Costfoto/NurPhoto via Getty Images) Getty Images Shares of Chinese property developer Evergrande skyrocketed by 82% on Wednesday, dominating the gains on the Hang Seng index. Although the stock has …
India has established itself as a global leader in space exploration with the successful landing of its Chandrayaan-3 mission on the unexplored south pole of the moon. The Chandrayaan-3 spacecraft was launched last month, and it safely touched down on the lunar surface at around 8:34 a.m. ET. This achievement makes India the fourth country …
A Xpeng P7 electric car is on display during the 18th Guangzhou International Automobile Exhibition at China Import and Export Fair Complex on November 20, 2020 in Guangzhou, Guangdong Province of China. VCG | Visual China Group | Getty Images Shares of Xpeng were down over 6% in pre-market U.S. trade, as the Chinese electric …
In the Central district of Hong Kong on July 26, 2021, individuals were seen standing in front of an electronic display showing the Hang Seng Index. Stocks experienced a significant decline as China’s decision to reform the private education sector and prohibit tuition firms from making profits took its toll. This development resulted in Hong …
Tencent, one of China’s leading technology companies, recently reported its second-quarter profit, which fell below expectations. Despite this, the company experienced a rise in sales across its various businesses and began to see the positive impact of cost-cutting measures implemented last year. In Q2, Tencent’s revenue reached 149.21 billion Chinese yuan ($20.46 billion), representing an …
China’s sprawling real estate market has faced challenges following years of debt-fueled and rapid expansion. The latest data from the National Bureau of Statistics reveals disappointing numbers, as retail sales only increased by 2.5% in July compared to the previous year, falling short of the expected 4.5% growth. Industrial production also saw a slower increase …
On Monday, August 7, 2023, customers at a fresh food market in Shanghai, China. Bloomberg | Bloomberg | Getty Images BEIJING — China’s inflation data for July indicates a slight improvement compared to June. According to the National Bureau of Statistics, the consumer price index (CPI) fell by 0.3% in July compared to the previous …
Japan’s central bank made an announcement on Friday that has caused a stir in financial markets. The Bank of Japan (BOJ) has decided to loosen its yield curve control, raising concerns about the implications of continued monetary easing on both financial markets and the real economy. In its policy statement, the BOJ stated that it …