China says new housing metrics behind upward revision to 2023 GDP
BEIJING (Reuters) – China said on Friday its 2023 gross domestic product was revised upward due in part to changes in housing sector calculation methods, which would also affect the size of the economy in 2024 but have little impact…
India’s widening bank liquidity deficit warrants more measures, traders say
By Dharamraj Dhutia MUMBAI (Reuters) – India’s banking system liquidity deficit is set to widen further in the upcoming quarter, leading to more voices demanding durable liquidity injection. The banking system’s liquidity shortfall has jumped to its highest level in…
China’s fast-expanding commercial space sector logs rare rocket failure
BEIJING (Reuters) – CAS Space, one of China’s leading commercial rocket firms, said its Lijian-1 rocket unexpectedly failed on Friday, marking the first setback for the company’s main launch vehicle since its inaugural flight in 2022. Until now, CAS Space,…
China’s BYD offers year-end discounts of up to 11.5%
BEIJING (Reuters) – Chinese electric vehicle giant BYD (SZ:002594) is offering discounts until Jan. 26 on two of its hybrid and EV models, according to its website. Both Song Pro DM-i and Qin Plus EV are now priced from 99,800…
Australia stocks higher at close of trade; S&P/ASX 200 up 0.50%
Investing.com – Australia stocks were higher after the close on Friday, as gains in the Gold, Consumer Discretionary and Financials sectors led shares higher. At the close in Sydney, the S&P/ASX 200 rose 0.50%. The best performers of the session…
Images show new novel Chinese military aircraft designs, experts say
By Gerry Doyle (Reuters) – Blurry images of two seemingly new Chinese military aircraft with stealthy characteristics appeared online on Friday, with defence experts saying they were clearly advanced designs, but there was not enough detail for definitive conclusions. Both…