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India-China Relations Remain Strained: No Improvement Despite Talks, Says MEA

India-China Relations Remain Strained: No Improvement Despite Talks, Says MEA

Fri, Jan 19, 2024

In a recent briefing, MEA Spokesperson Randhir Jaiswal states that India-China ties are not normal. Emphasises ongoing diplomatic and military-level discussions for peace along the border.

China Earthquake: Northwest China Earthquake Leaves 116 Dead, Rescue Efforts Underway

China Earthquake: Northwest China Earthquake Leaves 116 Dead, Rescue Efforts Underway

Tue, Dec 19, 2023

A powerful earthquake measuring 6.2 on the Richter scale struck northwest China's Gansu and Qinghai provinces on December 18th night. Tragically, at least 116 lives have been lost, with 105 fatalities in Gansu and 11 in Qinghai. The quake injured over 230 people and caused widespread damage, including collapsed houses, damaged roads, and disrupted power and communication lines. Search and rescue operations are ongoing in affected areas.

Did Italy PM Giorgia Meloni Pull Out Of China's Belt and Road Initiative in Favor of India?

Did Italy PM Giorgia Meloni Pull Out Of China's Belt and Road Initiative in Favor of India?

Thu, Dec 07, 2023

In a major setback for China's global ambitions, Italy has abruptly withdrawn from the Belt and Road Initiative, the country's signature infrastructure project. This surprise move has sparked speculation about Italy's potential shift towards India, a country with which it shares growing economic and political ties.

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India, China to court each other at informal summit in bid to re-set ties

India, China to court each other at informal summit in bid to re-set ties

Thu, Apr 26, 2018

The leaders of India and China are set to make their boldest attempt yet at rapprochement in talks this week just months after a dispute over a stretch of their high-altitude Himalayan border rekindled fears of war. Prime Minister Narendra Modi is flying to the Chinese city of Wuhan for two days of talks with President Xi Jinping from Friday.

China fails to get Indian support for Belt and Road ahead of Narendra Modi-Xi summit

China fails to get Indian support for Belt and Road ahead of Narendra Modi-Xi summit

Tue, Apr 24, 2018

China failed to get India`s support for its ambitious Belt and Road infrastructure project at the end of a foreign ministers` meeting of a major security bloc on Tuesday, ahead of an ice-breaking trip to China this week by India`s prime minister.

US fund managers brace for trade war with focus on pricing power

US fund managers brace for trade war with focus on pricing power

Mon, Apr 23, 2018

So far, domestic small-to-mid-cap companies that get most of their revenues at home have weathered prospects of higher trade costs the best, with the Russell 2000 index of smaller companies up 2.8 percent for the year, nearly double the 1.5 percent gain in the larger-cap and more internationally-exposed S&P 500 index over the same time

US-China trade war to hurt global growth, says EIU

US-China trade war to hurt global growth, says EIU

Sun, Apr 22, 2018

According to the Economist Intelligence Unit (EIU) report, while global trade will be overshadowed by the ongoing dispute between China and the US, appetite for new free-trade deals will continue in the rest of the world including those involving India

US-China trade war to hurt global growth: EIU

US-China trade war to hurt global growth: EIU

Sat, Apr 21, 2018

According to the Economist Intelligence Unit (EIU) report, while global trade will be overshadowed by the ongoing dispute between China and the US, appetite for new free-trade deals will continue in the rest of the world including those involving India. "Our assumption that protectionism will rise, but that a trade war will be averted, means that global trade growth will continue to slow in 2019-22, to an average of 3.5 per cent a year," the EIU report said

Control over debt level major challenge for China, says IMF

Control over debt level major challenge for China, says IMF

Thu, Apr 19, 2018

China has to tackle two challenges: the overall rebalancing of its economy, and the issue of vertical imbalance in the public finances.

No, China will not beat India to fastest growing economy tag; here is why

No, China will not beat India to fastest growing economy tag; here is why

Wed, Apr 18, 2018

The International Monetary Fund (IMF) says that India will retain its top spot as the world`s fastest growing economy, helped by structural reforms and the fading of the effects of demonetisation and the new goods and services tax system.

Comparisons between India, China unfair: Raghuram Rajan

Comparisons between India, China unfair: Raghuram Rajan

Fri, Apr 13, 2018

Rajan, who is currently the Katherine Dusak Miller Distinguished Service Professor of Finance at The University of Chicago's Booth School of Business, gave The 2018 Albert H Gordon Lecture on April 11 at the Harvard Kennedy School on the topic ?Leverage, Financial Crises, and Policies to Raise Economic Growth'.

Gold hits one-week high on dollar weakness, geopolitical tensions

Gold hits one-week high on dollar weakness, geopolitical tensions

Wed, Apr 11, 2018

Russia and the United States tangled on Tuesday at the United Nations over the use of chemical weapons in Syria as Washington and its allies considered whether to strike at President Bashar al-Assad`s forces over a suspected poison gas attack last weekend.

China-Pakistan Economic Corridor being extended to Afghanistan: Report

China-Pakistan Economic Corridor being extended to Afghanistan: Report

Sun, Apr 08, 2018

China-Pakistan Economic Corridor: The BRI has injected "fresh vitality" to Asia's economic cooperation and helped the continent to reshape its international relations, said the Asian Competitiveness Annual Report 2018 released here on the sidelines of China's Boao Forum for Asia (BFA) annual conference

Donald Trump says he sees an end to the escalating trade dispute with China

Donald Trump says he sees an end to the escalating trade dispute with China

Sun, Apr 08, 2018

Donald Trump said in a tweet. "Taxes will become reciprocal & deal will be made on Intellectual Property. Great future for both countries!" He added that he and Chinas President Xi Jinping "will always be friends, no matter what happens with our dispute on trade." US stocks plunged more than two per cent Friday after Trump warned of tariffs on an additional USD 100 billion of Chinese imports, provoking a strong response from Beijing and fanning fears of a full-blown trade war

US stocks plummet 550 pts amidst fear of trade war; White House says no going back on China

US stocks plummet 550 pts amidst fear of trade war; White House says no going back on China

Sat, Apr 07, 2018

This, despite the fact that the Dow plummeted 550 points yesterday amidst reports of a growing tension between the two largest economies of the world. US President Donald Trump yesterday ramped up his trade war rhetoric with China, seeking USD 100 billion in additional tariffs on Chinese products. This is in addition to the proposed 25 per cent import tariffs worth USD 50 billion on some 1,300 Chinese products being imported into the US

US-China trade war: Winners and losers from trade tit-for-tat

US-China trade war: Winners and losers from trade tit-for-tat

Thu, Apr 05, 2018

The trade tension brewing between the world`s two largest economies hit global markets, with shares of industrial companies with exposure to Chinese markets, such as Boeing Co and Deere & Co, among the hardest hit.

China hits back at US with 25% tariff hike on American products

China hits back at US with 25% tariff hike on American products

Wed, Apr 04, 2018

The Chinese Customs Tariff Commission of the State Council, in a retaliatory measure, decided to impose additional tariff of 25 per cent on 106 items of products under 14 categories worth USD 50 billion, the Ministry of Finance said in a statement. The date of implementation will depend on when the US government imposes the tariffs on Chinese products.

Centre imposes 10% tax on import of key smartphone parts to boost PM Modi's Make in India drive

Centre imposes 10% tax on import of key smartphone parts to boost PM Modi's Make in India drive

Mon, Apr 02, 2018

A 10 percent customs tax was also imposed on the imports of camera modules for phones and connectors. The move, part of a phased manufacturing plan for lifting local production of mobile devices, is aimed at boosting Prime Minister Narendra Modi`s flagship `Make In India` drive to turn the country into a manufacturing hub, like neighbouring China.

How China can help India take a giant leap in Artificial Intelligence

How China can help India take a giant leap in Artificial Intelligence

Mon, Apr 02, 2018

Measured by start-up financing deals and dollars from venture capitalists, the United States` AI start-up ecosystem currently dominates -- followed by China, says a recent Accenture analysis titled "Rewire for Growth". When it comes to India, the number of AI start-ups has increased since 2011 at a compounded annual growth rate of 86 per cent .

US-China Trade War: From pork to fruit, Beijing slaps tariffs on 128 US products

US-China Trade War: From pork to fruit, Beijing slaps tariffs on 128 US products

Mon, Apr 02, 2018

China`s tit-for-tat move comes after US President Donald Trump announced to impose trade charges of up to $60 billion on Chinese imports on March 22 and did not revoke them despite Beijing`s stern warning. The Customs Tariff Commission of the State Council has decided to impose a tariff of 15 per cent on 120 items of products imported from the US including fruits and related products, and a tariff of 25 per cent on eight items of imports including pork and related products from the country, according to a statement posted on the ministry website

OBOR important initiative to foster regional cooperation, but entails risks as well: IMF

OBOR important initiative to foster regional cooperation, but entails risks as well: IMF

Fri, Mar 30, 2018

IMF Managing Director Christine Lagarde will travel to Beijing early next month to attend the joint IMF-PBC, the Peoples Bank of China conference on the Belt and Road Initiative.

Trade war: China warns US not to open Pandora's Box, unleash protectionist practices on world

Trade war: China warns US not to open Pandora's Box, unleash protectionist practices on world

Thu, Mar 29, 2018

China`s biggest US imports are aircraft and related equipment, soybeans and autos, with the total bill about $40 billion last year. "The malicious practices of the United States are like opening Pandora`s Box, and there is a danger of triggering a chain reaction that will spread the virus of trade protectionism across the globe," a commerce ministry spokesman said.

Must tweak rules to stop entry of Chinese fabrics: Official

Must tweak rules to stop entry of Chinese fabrics: Official

Wed, Mar 28, 2018

According to the official, India allowed duty-free import of readymade garments from Bangladesh under SAFTA in 2006 and this facility was limited to eight million pieces. However, in 2010, this quantitative restriction was lifted. "Bangladesh imports Chinese fabrics and converts them into garments using its cheap labour. It exports these garments to India without the need for paying any import duties

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