Beijing News

Hong Kong’s richest man, billionaire Li Ka-shing, has angered China with his newest Panama ports deal with US investment firm BlackRock. We explain who he is, and what happened.

Just over a week after postponing his India trip citing very heavy Tesla obligations, Elon Musk landed up in China, practically unannounced. In Beijing, he met China’s number 2 official, Li Qiang. China is Tesla’s second largest market, and hence extremely important for Musk. But this particular visit at this particular time was extremely crucial for the EV maker, here’s 5 big reasons why!

For the first time ever, Mumbai has emerged as Asia’s new billionaire capital, surpassing Beijing, according to the latest Hurun Research Institute report. The financial hub of India now boasts 92 billionaires, overtaking Beijing’s count and solidifying its status as a thriving center for wealth creation. Here are the top highlights from the Hurun Global Rich List 2024 and the 10 richest people in 2024 - watch! Hurun Global Rich List 2024 - As per the Harun Global Richest List 2024, Mumbai was the fastest-growing billionaire capital in the world, adding 26 in the year and taking it to third in the world and Asia’s billionaire capital. New Delhi broke into the Top 10 for the first time. Mukesh Ambani and his family kept the title of India’s richest person. Here are the top Richest persons in India as per Harun Global Rich List 2024 Want to make your money go further & work harder for you? Here are 20 Personal Finance Strategies from Mint. Check out our new coffee table book authored by Neil Borate & the Mint Money team. Download your digital copy here! https://shorturl.at/dDUV1 Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you. Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg

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As the US-China trade war intensifies, China wields its control over rare earth minerals as a potent tool against American pressure. Recent export controls on metals used in semiconductors signal a deliberate retaliation. China’s new laws, like the unreliable entities list and export-control law, are operational and impacting Western firms. Green-energy tech manufacturers heavily relying on China’s supply chain face uncertainty, with proposed export bans on solar-panel technology. Chip metal restrictions pose challenges for the US defence industry. However, China must tread carefully as potential blowback could affect its own commerce. #uschinatradewar

India is looking very seriously at bidding for the 2036 Olympics, Anurag Thakur said

New Delhi made public its intent to deliver a submarine to the Myanmar NavyThe situation along the India-China border was a marker of the inability of a rising China and a rising India to find an equilibrium

China has issued four dollar bonds and one euro bond in the past three yearsIt was the first time China has offered debt to U.S.-based investors who were most active in the longer-dated tranches of the transaction