The Latest Breaking News from China

Dr Doom, who predicted global financial crisis, has a forecast for India

Economist Nouriel Roubini, known as “Dr Doom” for predicting the 2008 Global Financial Crisis, sees India emerging as a major growth story over the coming decades. He believes easing US tariffs, deeper trade ties, friendshoring and continued reforms could strengthen India's economic prospects. However, India must accelerate growth towards 9%…

The Economic Times · Oct 16

China's central bank to boost support for global investors in financial markets

China's central bank plans to improve access for global investors and issuers to its financial markets by strengthening cross-border financial connectivity, developing the offshore yuan market and promoting yuan-denominated bonds as globally recognised collateral.

The Economic Times · Oct 16

Trump’s new press secretary offers bizarre defense of calling herself a lawyer despite failing bar exam

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The Independent UK · Oct 16

China-North Korea bridge opens after 12-years delay, as Beijing seeks to hold ground

China and North Korea on Thursday officially opened a long-delayed bridge linking their border cities, reviving a major trade route after more than a decade of stalled construction and signalling renewed efforts to strengthen economic ties.

The Times of India · Oct 16

India-US trade pact would be concluded at earliest, in interest of global trade: FM Sitharaman

In a promising update on the India-US trade agreement, Nirmala Sitharaman indicated that negotiations are progressing well, with Commerce Minister Piyush Goyal mentioning that legal drafting for the initial phase is in motion. Addressing concerns related to trade imbalances and China's market access restrictions, Sitharaman underlined the critical role of…

The Economic Times · Oct 16

Global Market: China's wealthy rush to unwind offshore trusts as tax deadline looms

China’s wealthy individuals are restructuring offshore trusts, selling investments and reassessing residency amid a new 20% tax on overseas trust income. With an October 22 declaration deadline approaching, uncertainty over enforcement and liabilities is prompting asset sales, borrowing and delayed investments as Beijing tightens scrutiny of offshore wealth.

The Economic Times · Oct 16

Ukraine-Russia war latest: Kyiv launches 1,000-drone attack after Trump accuses Zelensky of prolonging war

Ukraine and Russia continue to trade strikes as Donald Trump’s energy ceasefire collapses

The Independent UK · Oct 16

War in Yemen: Houthis now ‘virtually independent’ in weapons production

Fresh Houthi attacks on Saudi oil and aviation targets have demonstrated the Yemeni movement’s growing military reach. Defence analyst Akram Kharief says the group has transformed its arsenal of drones and missiles since a 2022 ceasefire, building its capacity to produce weapons locally while retaining important technological links to Iran.

Radio France Internationale · Oct 16

Global Market: Yuan holds steady, set for third weekly gain on robust Chinese exports

China’s yuan remained stable against the dollar, heading for a third consecutive weekly gain on resilient exports. The currency reached its strongest level since January 2023, despite domestic economic concerns and rising global bond yields. Investors await China’s third-quarter GDP data and signals on US monetary policy direction.

The Economic Times · Oct 16

China's trade barriers biggest hurdle in bilateral ties, says Nirmala Sitharaman; flags $100 billion deficit

Nirmala Sitharaman has identified China's constraints on Indian exports as a crucial hindrance to trade advancement. The finance minister reported a staggering trade deficit exceeding $100 billion with China this year, even with improved diplomatic relations. She noted that non-tariff barriers obstruct Indian products, especially generic medicines, from entering China.

The Economic Times · Oct 16