CHINA AND INDIA
In pivot from India, Nepal PM K.P. Sharma Oli visits China to seek investment
Nepal's Prime Minister K.P. Sharma Oli, on his first foreign visit since taking office in July, is in China to push for progress on infrastructure projects under China's Belt and Road Initiative. Oli aims to strengthen economic ties with China and reduce Nepal's reliance on India.
Rahul Gandhi indulging in fear-mongering with selective data, half-truths: BJP
The BJP criticized Congress leader Rahul Gandhi's comments on India's GDP growth and economic issues. They accused him of using selective data and oversimplifying complex realities. They highlighted India's resilience in a challenging global environment and pointed out positive economic indicators, contrasting them with the situation during the UPA era.
China wants to make Pakistan's Navy stronger, India ready to counter any threat: Navy Chief Admiral Tripathi
China is actively supporting Pakistan's Navy expansion, supplying new submarines and aiding in building warships. Indian Navy Chief Admiral Tripathi highlights India¡¯s vigilance towards this development, reaffirming India's defense strategies. He also updates on India¡¯s successful nuclear submarine tests and progress in acquiring Rafale Marine aircraft, while expressing concern over South China Sea tensions.
Jaishankar to brief Parliament on India-China relations on Monday
External Affairs Minister S Jaishankar is set to address the Lok Sabha on Monday about recent developments in India's relations with China amidst the ongoing winter session of Parliament. Other key ministers will also present statements and propose bills on various significant issues including finance, railways, coastal shipping, and civil aviation.
Low-quality Chinese power banks face scrutiny in India
Indian government is cracking down on imports of substandard Chinese power banks that fail safety and performance checks. The Bureau of Indian Standards has already cancelled registrations of two major Chinese suppliers. Domestic cell manufacturers are benefiting, as the market shifts towards local production. Power bank prices might rise slightly as a result.
How China can hit back at Trump: Target US firms, turn to India, Africa
China is expanding its retaliatory measures amid new trade conflict threats from the US. Strategies include selling US Treasuries, weakening the yuan, restricting key exports, targeting US companies and building alliances with US allies. These actions aim to counter potential tariffs and trade restrictions but carry risks of economic fallout and potential retaliation.
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India gold premiums steady as price fluctuations stabilise demand
Physical gold premiums in India remained steady despite a price correction, with strong demand early in the week waning as prices increased. Premiums were stable at up to $3 an ounce. Demand in China and other major Asian hubs was subdued, with discounts offered. International gold prices were influenced by geopolitical tensions and U.S. policy changes.
US tariffs on China: India could get hurt most, says Crisil
As the US escalates tariffs on Chinese imports, Crisil warns this could lead to an increase in diverted exports to nations like India. While India-US trade has surged, India's trade deficit with China has widened, highlighting stark imbalances despite overall trade growth.
The lesser-known tale of India's trade with two giants: US and China
India's trade with the US and China reached nearly $120 billion each in fiscal 2024. Trade with the US yielded a $35.3 billion surplus. Trade with China resulted in an $85.1 billion deficit. Exports to the US diversified, while exports to China stagnated. India aims to boost domestic manufacturing and reduce import reliance.
'Great progress' made in implementing border agreement with India: Chinese military
China and India's militaries are making significant headway in disengaging troops in eastern Ladakh after a four-year standoff. Defence ministers from both nations held a productive meeting last week, agreeing to de-escalate border tensions and foster trust.
'China plus one' opportunity opening up for India; Tamil Nadu doing its best to attract FDI: Arvind Subramanian
Former chief economic adviser Arvind Subramanian said that India, particularly Tamil Nadu, is capitalising on the "China plus one" strategy to attract foreign direct investment. He highlighted India's previous underperformance in integrating with global value chains, impacting exports and labor-intensive sectors.
India's gold demand soars 50x production in 2023: Report
India's gold demand in 2023 soared to 747 tonnes, dwarfing its 15.1-tonne production. Turkey and China also faced significant demand-supply gaps, highlighting the global appetite for gold. Sustainable metal production is crucial for environmental, economic, and social well-being, according to The Gold Bullion Company.
Can India overcome its massive trade deficit with strategic manufacturing policies?
India's growing trade deficit, particularly with China, highlights the need for a revamped manufacturing strategy. The author argues against free trade agreements (FTAs) with manufacturing powerhouses, favoring selective tariffs, and promoting export incentives and production-linked incentives (PLIs) to bolster domestic industries.
India White Collars, Be A-Pac 'Predators'!
Salary increases are picking up in the Asia-Pacific region due to easing inflation and a growing talent shortage. Companies diversifying from China and new investments are driving demand for skilled workers, benefiting Indian professionals. India's skilled workforce and accommodating immigration policies position it well to meet this demand, potentially boosting its economic influence in the region.
India stands for adhering to international law: Rajnath Singh
At an ASEAN meeting, Indian Defence Minister Rajnath Singh advocated for freedom of navigation and adherence to international law in the Indo-Pacific. He emphasized the importance of peaceful co-existence and dialogue in resolving global issues. Singh also met with his US counterpart to discuss defense cooperation and signed an aerial refueling agreement with Australia.
India to be insulated from trade war between US and China: Goldman Sachs
A new report by Goldman Sachs suggests that India's economy will likely remain stable despite potential global economic shocks in 2025, including a possible US-China trade war. Although the country's GDP growth is predicted to slow to 6.3 percent due to fiscal consolidation and tighter credit, India's long-term growth potential remains strong.
Rajnath Singh emphasises de-escalation, cooperation with Chinese Defence Minister
Indian Defence Minister Rajnath Singh and his Chinese counterpart Admiral Dong Jun met to discuss the de-escalation of border tensions. Singh emphasized the importance of addressing the root causes of the conflict and rebuilding mutual trust for peaceful relations. Both sides agreed to work towards a roadmap for de-escalation and greater cooperation.
Deepika stars with solitary goal, India retain women's ACT hockey title with win over China
India defended their Asian Champions Trophy title with a hard-fought 1-0 victory over China. Star striker Deepika scored the decisive goal in the 31st minute, securing India's third ACT championship and cementing their position as the tournament's joint-most successful team alongside South Korea.
India, China discuss next steps in ties following disengagement process in eastern Ladakh
Indian External Affairs Minister S Jaishankar and Chinese Foreign Minister Wang Yi met on the sidelines of the G20 summit to discuss the next steps in India-China relations following recent military disengagement in Demchok and Depsang. Both sides acknowledged the progress made in disengagement and emphasized the importance of de-escalation for normalizing ties.
China's foreign minister meets Indian counterpart, calls for resumption of direct flights
Chinese Foreign Minister Wang Yi and Indian Foreign Minister Subrahmanyam Jaishankar met in Rio de Janeiro to discuss improving relations between the two countries. Wang called for the resumption of direct flights between China and India, increased mutual trust, and greater cooperation in areas such as journalist exchanges and visa facilitation.
China says it stands ready to deliver on Modi-Xi common understandings to improve ties
China expressed willingness to implement common understandings reached between Prime Minister Modi and President Xi during the BRICS summit. The leaders aimed to thaw relations strained by a military standoff, endorsing an agreement on patrolling and disengagement along the Line of Actual Control and reviving bilateral dialogues.
AQI blues: What India can learn from China to curb air pollution
Delhi is experiencing severe air pollution due to crop residue burning, vehicle emissions, and industrial activities. The Supreme Court has criticized the Delhi government for its delayed response in implementing pollution control measures. The article compares Delhi's situation to Beijing's successful efforts in combating air pollution over the past decade, highlighting China's strict regulations, massive investments, and coordinated approach.
RCEP benefit minimal for India due to China's opaque trade practices: GTRI
A new report by GTRI supports India's decision to opt out of RCEP, citing concerns over widening trade deficits, particularly with China. The study argues that RCEP could harm domestic industries, especially MSMEs, and offers limited export gains, outweighing potential benefits like GVC integration.
Investors not inclined to ¡®sell India buy China¡¯ but to ¡®sell India buy USA¡¯: Samir Arora
Samir Arora cautioned investors not to get overly excited by CLSA's increased allocation to India. He believes that investors were shifting to the US, not from India to China. He also suggests that the India-to-US trade shift has likely played out, with the opportunity to profit from this trend now missed.
CLSA cuts weight on China in favour of India amid speculation of trade war on Trump re-election
CLSA has increased its investment in Indian stocks while decreasing its investment in Chinese stocks. This decision comes after a period of optimism about the Chinese market, which has since faded due to concerns about trade tensions with the US and a lack of significant economic stimulus from Beijing.
China top import source for India during Apr-Oct 2024: Commerce min data
India's top import source was China, reaching USD 65.89 billion between April and October. The US became India's primary export destination with USD 47.24 billion in outbound shipments. Russia and the UAE were among the top import sources, while exports to the UAE saw a significant increase. The US was India's largest trading partner during this period.
¡®India an alternative to China in many ways¡¯
Robert Willen, Kearney's global managing partner, sees huge potential in India's growing domestic market. He believes governments play a key role in attracting investments and establishing priorities for economic growth. While Vietnam and Mexico are part of the China+1 strategy, India offers a strong alternative, particularly in sectors like defense and telecom, as companies seek to diversify supply chains.
India and China to shape future global economy: Experts
Singapore Senior Minister of State for Foreign Affairs Sim Ann emphasized the importance of continued engagement with China and India for regional growth. Experts at an inaugural event highlighted the two nations' economic prowess, predicting they will drive half of the world's economic growth in the coming years.
The secret sauce of the China-India rivalry is education
A new study reveals that China's economic dominance over India might stem from a century-long focus on mass education, particularly in vocational fields. While India inherited a British system prioritizing elite tertiary education, China concentrated on basic literacy and practical skills. This approach equipped China with a workforce ready for manufacturing, contrasting with India's surplus of social science graduates.
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