CHINA
Report reveals how much money China lost on account of Sri Lanka's debt restructuring
China has experienced a $7 billion loss due to Sri Lanka's external debt restructuring. Chinese Ambassador Qi Zhenhong has expressed hopes for future collaboration between China, India, and Sri Lanka, emphasizing that there is no dispute between China and India, and both countries have experienced rapid growth.
China conducts air, sea drills near Taiwan, blaming recent statements by US, Taiwanese leaders
A significant number of Chinese military ships, planes, and drones have entered Taiwan's airspace and waters, as reported by Taiwan's Defence Ministry. This incursion comes as a response to recent US and Taiwan actions, prompting Taiwan to deploy its own defensive measures. China's actions are intended to wear down Taiwanese defences while asserting sovereignty claims.
Foreign CEOs to flock to China for key summit, Xi meeting, sources say
Dozens of foreign CEOs, including leaders from FedEx, Siemens, BMW, and Mercedes-Benz, will attend the China Development Forum in Beijing on March 23-24. The conference aims to attract foreign investment amidst geopolitical tensions. President Xi may meet selected CEOs following the summit, highlighting efforts to bolster domestic consumption and counter U.S. tariffs.
A push, but too little to move the dragon
China's new stimulus plans reveal an acceptance of economic structural adjustment needs. The measures target increased domestic consumption but lack detailed implementation plans and scale. Challenges include funding social security amid property market collapse and ensuring effective wage and interest rate adjustments. Additionally, plans to stimulate tourism and welfare do not sufficiently address the wider export surplus issues.
Modi's Fridman podcast: What's behind India-China warmth?
Prime Minister Modi's podcast with Lex Fridman highlighted a potential thaw in India-China relations, emphasizing dialogue and cooperation. Modi underscored past tensions and historical ties while both nations discussed mutual benefits amid global trade tensions, indicating a pragmatic approach to bilateral relations.
China welcomes PM Narendra Modi’s ‘Dragon-Elephant dance’ remarks on Lex Fridman podcast—A new chapter in India-China ties?
Chinese state media has recognised Prime Minister Narendra Modi's pragmatic approach to India-China relations, highlighting his call for dialogue over discord. In a podcast interview, Modi underscored the need for cooperation while managing differences. The Chinese Foreign Ministry echoed similar sentiments, emphasising mutual success. Recent high-level meetings, including Modi's discussion with President Xi Jinping, have contributed to stabilising border tensions. Both nations are working towards restoring pre-2020 conditions, focusing on strengthening bilateral ties and fostering a balanced partnership.
China mouthpiece reacts to PM Modi's remarks on India-China ties, calls it 'pragmatic approach'
This comes after PM Modi's comments on encouraging a 'healthy and natural' competition between India and China, while ensuring that differences do not spiral into conflicts. During his podcast with Lex Fridman, PM Modi emphasized the long-standing historical connections between the two nations and stressed the importance of dialogue over discord.
How China is doubling down on trade-ins to boost sluggish consumption
Authorities in China have pledged to boost consumption and expand domestic demand through various measures, including an expanded trade-in scheme for consumer products. The programme, which offers subsidies for items like household appliances and cars, significantly impacted consumption growth last year and aims to sustain economic momentum despite global trade challenges.
Bangladesh's Chief Adviser Muhammad Yunus to visit China, will meet President Xi Jinping
Bangladesh's Chief Adviser Muhammad Yunus is slated to visit China later this month to meet President Xi Jinping and enhance bilateral relations. The visit, aimed at transforming Bangladesh into a manufacturing hub, includes Yunus addressing the Boao Forum for Asia conference on March 27.
China's economy improved at the start of 2025, but challenges remain
China's economy showed signs of improvement early this year, despite a weak housing market. Retail sales rose 4% and industrial production increased by 5.9% in the first two months. However, a complicated external environment and a real estate crisis continue to pose challenges.
Facing Trump tariffs, China outlines plan to bolster the economy
The initiatives seek to stabilize the stock and real estate markets, despite a struggling construction sector and weak retail sales.
China's Jan-Feb industrial output slows, retail sales growth picks up speed
China's industrial output slowed to 5.9% growth in January-February from December's 6.2%, while retail sales rose by 4.0%, the fastest since November 2024, due to holiday spending. Policymakers push for domestic demand expansion amidst challenges such as U.S. tariffs and subdued consumer confidence.
Bridging the Great Wall: PM Modi shares insights on India-China ties, border peace
Prime Minister Narendra Modi emphasises the historical and cultural ties between India and China, aiming for strengthened future relations. He addresses the border tensions of 2020 while noting recent improvements and underscores the importance of cooperation, stating that the 21st century is Asia's century and India and China should engage non-confrontationally.
China's Xi declines invitation to EU-China anniversary summit, FT reports
Chinese President Xi Jinping has declined an invitation to visit Brussels for a summit marking 50 years of EU-China diplomatic ties. Instead, Premier Li Qiang will meet European officials. Tensions between Brussels and Beijing have risen following Russia's Ukraine invasion, and the EU's tariffs on Chinese electric vehicles.
China reportedly conducts landing drills in South China Sea amid military tensions
China has recently conducted amphibious landing drills in the South China Sea using specialized vessels capable of deploying military vehicles and troops onto beaches. The exercises, resembling those needed for an island invasion, occurred in Zhanjiang, Guangdong province. These drills come amid rising tensions over Taiwan's self-rule and indicate China's growing military capabilities and preparations for potential conflicts.
China fund managers must perform or face 50% pay cut
China plans to significantly cut pay for fund managers who underperform their benchmarks by up to 50%. This initiative is part of a broader reform in the mutual fund industry aimed at increasing long-term investments and better aligning with investors' interests.
China's DeepSeek is asking employees not to travel abroad freely, claim reports
AI chatbot firm DeepSeek of China has reportedly issued travelling notice to its employees.
India, China outperform global trade in 2024, trade resilience stressed in 2025: UNCTAD
In 2024, China and India surpassed global trade norms, driven by developing economies and robust services trade. Despite record expansion, the UN Trade and Development warns of rising protectionism and emerging trade imbalances. As geopolitical tensions and shifting policies threaten stability, balanced policies and global cooperation are crucial for maintaining long-term growth and preventing economic fragmentation.
While Musk tries to save US govt $1 trillion, China is struggling to spend enough cash
China is grappling with underspending its budget due to local officials' concerns over investment returns amidst efforts to address a sluggish economy. Premier Li Qiang announced measures to empower cities to support the ailing property market, crucial for boosting public-sector income and meeting growth targets. Achieving the 5% growth goal remains uncertain without addressing these spending issues.
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