2 h. ago China approves world’s biggest amphibious plane, AG600, for mass production

China’s home-grown AG600, the world’s largest amphibious aircraft, has been given the green light for mass production, marking a step forward in building an independent and globally competitive aviation industry. The Civil Aviation Administration of China (CAAC) certified the plane on Wednesday, confirming that its developer, the state-owned Aviation Industry Corporation of China (Avic), has established a reliable system to consistently produce aircraft that meet safety standards, according to...

Politics

4 h. ago US venture capital firm to unload stakes in 40 Chinese tech start

Shares of a few dozen China-based start-ups may be up for grabs as their investor, US venture-capital firm Eight Roads, plans to exit its Chinese technology holdings. The move, reported by Bloomberg on Tuesday, comes as geopolitical tensions and a sluggish Chinese economy prompt some global investors to retreat. Domestic and government-backed funds and financing products would increasingly drive start-up funding in the world’s second-largest economy, analysts said. Fidelity Ventures-backed Eight...

Politics

9 h. ago US Treasury chief slams ‘unreliable’ China at House hearing on Trump trade policy

US Treasury Secretary Scott Bessent slammed Beijing on Wednesday for its aggressive export policies, urged it to be a more dependable partner and depicted China’s disjointed economic structure as hurting not only the US but the entire globe. “China currently has the most unbalanced economy in the history of the world,” Bessent, a former hedge fund manager, told the powerful House Ways and Means Committee. “They cannot be allowed to export their way back to prosperity, not only for working...

Politics

23 h. ago How India Cracked China & Turkey’s Missile Secrets To Set Stage For Decisive Payback Against Beijing, Islamabad

How India Cracked China & Turkey’s Missile Secrets To Set Stage For Decisive Payback Against Beijing, Islamabad  Zee News

Events

39 h. ago India expected to maintain robust growth despite Pakistan tensions, trade woes

India is poised to remain the world’s fastest-growing major economy this year, analysts have said, with a recent jumbo rate cut by its central bank expected to boost consumption and investment, even as the country contends with fresh military tensions with Pakistan and an uncertain global trade environment. The Reserve Bank of India (RBI) last week delivered a larger-than-expected interest rate cut of 50 basis points and reduced the cash reserve ratio – the minimum amount of capital banks must...

Events

60 h. ago Tariff war ‘not the end of the world’ for Hong Kong companies: trade council chief

The US-China tariff war is “not the end of the world” for Hong Kong businesses, the new head of the city’s Trade Development Council has said, as he outlined strategies to help them capitalise on geopolitical uncertainties. Chairman Frederick Ma Si-hang, who took office on June 1, also said on Monday the council would explore setting up more offices in new markets and rebranding the Asian Financial Forum to include more industry elements. The council has 51 offices around the world, including...

Events

65 h. ago Ahead of US trade talks, China’s rare earth trade data from May sends a message

In a reflection of Beijing’s ability to quickly leverage its dominance over the critical-mineral supply chain, the value of rare earth elements exported by China last month plunged by nearly half compared with a year prior. The official data came as analysts have been saying that China’s export controls over large quantities of critical minerals are like the ultimate trump card in trade negotiations with the United States. The world’s second-largest economy exported rare earth elements worth...

Politics

8 d. ago ‘Full of gunpowder’: price wars of China’s carmakers deepen, draw Beijing’s ire

Beijing has amplified its warnings over cutthroat price wars among carmakers as deflationary pressure persists in the world’s second-largest economy, and economists say a reflation is likely to remain elusive. The Ministry of Industry and Information Technology (MIIT), party mouthpieces and a carmaker association aired concerns at the weekend over recent discounts offered by manufacturers, while collectively deeming price wars a threat to product quality and the long-term development of the...

Events

9 d. ago Nvidia builds new AI chip for China with computing cluster capabilities: report

Semiconductor giant Nvidia is developing a new China-tailored artificial intelligence (AI) chip that complies with US export regulations and will enable users to link multiple units to create high-performance computing clusters, according to a report by digital publication The Information. Nvidia plans to produce more than 1 million units of its new B30 chip this year, the report said, amid efforts by the company to preserve its market share in the world’s second-largest economy in the face of...

Politics

1 week ago Use Trump’s ego to clear a path for global financial rebalancing

US President Donald Trump is an enigma. He has correctly identified the two most unsustainable elements of the global economic order, but his attempts to bring about their creative destruction threaten disaster. Has he perhaps revealed a paradoxical truth that such destruction is the only practical way to go? It was never going to be possible for the United States to remain the “consumer of last resort” indefinitely, thereby allowing other economies to pursue unsustainable export-led growth. It...

Politics

1 week ago Nvidia ‘considering’ new AI chip for China but rules out Hopper series

Nvidia said a new artificial intelligence (AI) chip for the Chinese market is not ready although it is considering such a plan, as US export controls continue to cloud the outlook for the tech giant in the world’s second largest economy. “The key is to understand the limits and see if we can come up with interesting products that could continue to serve the Chinese market,” Nvidia founder and CEO Jensen Huang, 62, said during the company’s post-earnings call on Wednesday. “We don’t have anything...

Politics

2 w. ago Can Asean become a top economy despite Trump’s tariffs and internal hurdles?

Members of the Asean bloc have laid out an ambitious plan to become the world’s fourth-largest economy by 2045, but analysts warn the region must first overcome deep-rooted trade barriers, domestic implementation woes and a shifting global trade order. Released on Tuesday during the Association of Southeast Asian Nations summit in Kuala Lumpur, the five-year strategy to achieve the economic goal aims to boost regional integration and better address complex issues. “Carrying on with business as...

Politics

2 w. ago With India set to be world’s No 4 economy, calls for deeper reforms get louder

With India poised to overtake Japan as the world’s fourth-largest economy, industry players have hailed the International Monetary Fund’s (IMF) forecast as a sign of the South Asian country’s growing global stature, even as they call for deeper reforms to boost its competitiveness. India’s nominal gross domestic product (GDP) is projected to rise to US$4.187 trillion in the 2025–26 financial year, surpassing Japan’s US$4.186 trillion economy, according to the IMF’s world economic outlook...

Politics

2 w. ago Blackpink’s ‘Deadline’ world tour to conclude at Hong Kong’s Kai Tak Stadium

K-pop sensation Blackpink will hold two shows at Hong Kong’s Kai Tak Stadium in what appears to be the finale of their “Deadline” world tour in January next year. It will be the group’s first return to Hong Kong three years after it held three sold-out shows at AsiaWorld-Expo in 2023. According to details released by K-pop agency YG Entertainment on Tuesday, the world tour will commence in July in Goyang, South Korea and is set to conclude with two shows in Hong Kong on January 24 and 25 next...

Events

2 w. ago Li Qiang’s Indonesia visit highlights rapid change in world order

The United States’ global tariff war has done no harm to trade and cooperation between other countries. It has prompted and energised them to nurture and develop their own relations. The uncertainty that has riled markets and troubled business has therefore had a silver lining. There is no better example in this part of the world than China – the world’s second-largest economy – and Indonesia, the biggest economy in Southeast Asia, which is also China’s biggest market. Premier Li Qiang has just...

Politics

2 w. ago What's wrong with China economy? Moody's maintains 'negative' rating for world's second largest economy

What's wrong with China economy? Moody's maintains 'negative' rating for world's second largest economy  The Economic Times

Politics

2 w. ago US economy’s heavy dependence on arms sales should worry the world

Trump’s Gulf tour and his proposed budget highlight a disproportionate US reliance on its military-industrial complex.

Economics

2 w. ago G7 targets ‘excessive imbalances’ in global economy, eyes de minimis exemption

While China was not named, such references to non-market policies are often aimed at Beijing’s state subsidies and export-driven model.

Economics

3 w. ago World shares advance after China cuts interest rates to boost economy

World shares advance after China cuts interest rates to boost economy  AP News

Politics

3 w. ago Cryptocurrencies are emerging as ‘digital gold’ in a shaky world economy

Demand is growing for borderless, neutral financial tools in a fragmenting world economy, with rising tariffs and alliances under strain.

Politics