Worsening economy: Jobless Chinese man turns to car boot sales
Aug 27, 2022, at 05:58 am
Beijing: A Chinese man has been forced to invest his life savings of 80,000 yuan (USD 11,785) into selling coffee from the back of his green Suzuki microvan in Beijing, highlighting the tough financial condition in which China is slowly slipping in.
Amazon Kindle to exit China despite phenomenal growth prospects
Jun 03, 2022, at 04:33 am
Amazon is going to withdraw its Kindle business, including its e-readers and e-bookstore, from China, the US-based e-commerce giant announced on its official Wechat account on Thursday, Reuters reported.
ED summons former India head of Chinese phone maker Xiaomi: Report
Apr 13, 2022, at 05:40 am
New Delhi: The Enforcement Directorate Tuesday summoned the former India head of China's Xiaomi Corp Manu Kumar Jain to investigate if the company's business practices conformed with Indian foreign exchange laws, Reuters reported citing sources.
Mar 16, 2022, at 09:00 pm
iPhone supplier Foxconn has halted production at its China headquarters and Shenzhen sites following COVID-19 lockdown in the region imposed and consequent closure of all non-essential businesses till March 20, media reports said.
Mar 14, 2022, at 11:45 pm
New Delhi: Paytm Payments Bank on Monday refuted media reports which claimed that data leak to Chinese firms are completely false, inaccurate and unverified.
Budget 2022-23: Stainless steel MSMEs want reimposition of CVD on China, Indonesia
Jan 27, 2022, at 10:39 pm
New Delhi/IBNS: The workers in the stainless steel industry's medium, small, and micro enterprises (MSME) await the imposition of countervailing tax (CVD) on China and Indonesia, as it would fuel the Indian businessmen to proliferate manufacturing.
Govt may ease restrictions on certain Chinese FDI to boost inflow: Report
Jan 12, 2022, at 02:38 pm
New Delhi/IBNS: The government may ease restrictions on some foreign direct investment after rules aimed at filtering out Chinese investments hindered inflow, Bloomberg reported.
Chinese FDIs in India only through govt route: Centre
Dec 13, 2021, at 02:20 am
New Delhi/IBNS: The government has amended the FDI policy according to which an entity of a country, which shares land border with India or where the beneficial owner of an investment into India is situated in or is a citizen of any such country, can invest only under the government route, Ministry of Commerce & Industry has said.
Rajeev Chandrasekhar blames corporates for rising trade with China
Oct 21, 2021, at 10:33 pm
New Delhi/UNI: Union Minister for Electronics and IT Rajeev Chandrasekhar Thursday blamed the corporates for the rise in trade with China, amid the continuing tension at the Line of Actual Control and a 17-months stand-off in Ladakh.
Moody's slashes ratings of several Chinese real estate giants
Oct 21, 2021, at 04:52 am
As many as seven Chinese real estate giants are facing the trouble to borrow money to repay their debts as US credit rating agency Moody recently downgraded their credit ratings.
Debt-ridden Chinese chipmaker trying to survive, initiates talks with investors
Oct 21, 2021, at 04:39 am
Chinese chipmaker Tsinghua Unigroup is trying to avoid bankruptcy and currently it is in negotiations with seven potential investors to help resolve the financial crisis, media reports said.
Indian govt planning to block Chinese investors from LIC IPO: Report
Sep 23, 2021, at 03:27 am
New Delhi/IBNS: The Indian government wants to keep the Chinese investors away from the IPO of Indian insurance giant Life Insurance Corp (LIC), Reuters reported citing four senior government officials and a banker.
Meeting EN 124 certification could help India leap ahead in exports of sanitary castings: EEPC
Jul 31, 2021, at 02:52 am
Kolkata/IBNS: Former Engineering Export Promotion Council (EEPC) Chairman Ravi Sehgal has said that meeting the EN124 standard that is designed to ensure the safety, compatibility, and consistency of sanitary castings will help promote the export of cast iron, ductile iron and sanitary castings.
Wine Conflict: Australia ready to take China to WTO over tariffs
May 31, 2021, at 05:08 am
Canberra: After completing consultation with wine exporters, Australia is now planning to launch its second World Trade Organisation action in its year-long $20 billion trade dispute with Beijing, media reports said on Sunday.
China's tech giant xiaomi opens production plant in Istanbul - Reports
Mar 29, 2021, at 10:59 pm
Moscow/Sputnik: Turkey became the fourth country outside China to have a production facility of the Chinese tech giant Xiaomi after a manufacturing plant was opened in Istanbul, the Anadolu news agency reported on Monday.
China asks Jack Ma's Alibaba to sell media assets fearing its growing influence on public opinion
Mar 17, 2021, at 04:43 am
Beijing/IBNS: The Chinese government has asked the Ali Alibaba group to sell some of its media assets over concerns of its growing impact on public opinion, said media reports.
Global foreign direct investment halved amid pandemic, but China remained resilient
Oct 27, 2020, at 07:01 pm
New York: Foreign direct investment (FDI), a bellwether of globalisation and economic confidence, fell by 49 per cent to $399 billion in the first half of 2020, amid the upheaval caused by the coronavirus pandemic, a new report from the UN trade and development organization UNCTAD showed on Tuesday.
India set to trail behind Bangladesh in per capita GDP: IMF
Oct 14, 2020, at 07:29 pm
New Delhi/IBNS: In a shocker for India, the financial condition of which has taken a beating due to Coronavirus pandemic, the International Monetary Fund (IMF) has forecasted that the per capita Gross Domestic Product (GDP) of the Asian giant could trail behind its neighbour Bangladesh this year.
Maldives planning to scrap FTA with China to protect trade relationship with other nations
Oct 13, 2020, at 08:05 pm
Male: Maldives may soon scrap Free Trade Agreement (FTA) with China to protect its trade relationship with other countries, media reports said.
Sep 05, 2020, at 01:58 am
Tokyo/IBNS: Japan has said it will give subsidies to its manufacturers who shift base from China to India or Bangladesh, as part of its plans to diversify supply chains, media reports said.
Indian state-owned refiners stop import from China-linked companies: Report
Aug 28, 2020, at 03:32 am
New Delhi/IBNS: Indian state-owned refiners have stopped importing crude oil from China-linked companies, a Reuters report said, adding that the development is linked to the restrictions imposed by New Delhi on imports from countries it shares common borders.
US goods made in China held up in Indian ports: Report
Jun 25, 2020, at 12:06 am
New Delhi/IBNS: Goods from several US companies made in China, including those from Apple, Dell and Cisco, are held up in Indian ports amid heightened border tension with China, said a Reuters report.
India-China border conflict: Maharashtra freezes three Chinese projects
Jun 22, 2020, at 11:47 am
Mumbai/IBNS: Amid the growing anti-China sentiment and call for boycott of Chinese goods in the country, the Maha Vikas Aghadi government has frozen three Chinese projects worth Rs. 5,000 crore, media reports said.
Amid growing anti-China sentiment, Oppo cancels 5G phone live launch in India
Jun 18, 2020, at 02:13 pm
Mumbai/IBNS: As the anti-China sentiment is growing massively in India following the standoff between the soldiers of the two nations in the border, mobile phone company Oppo cancelled the live launch of its 5G phone in the South Asian country, media reports said.
Jun 10, 2020, at 03:32 pm
Mumbai/IBNS: Only Singapore and China, out of top 25 destinations of India's engineering exports, could manage a positive year-on-year growth in April, 2020 while the rest conceded massive contraction up to 91 per cent in some cases, due to a hugely disruptive impact of Covid-19, an EEPC India analysis has shown.
Apr 26, 2020, at 11:35 pm
New Delhi/IBNS: Union minister Nitin Gadkari has said Indian manufacturers can take advantage of the current anti-Chinese sentiments by manufacturing items for which India is largely dependent on Chinese imports, media reports said.
China's telecom sector reports better performance for Q1
Apr 25, 2020, at 03:33 pm
Beijing/Xinhua/UNI: China's telecommunications industry registered a slight growth in the first quarter, official data showed.
SEBI seeks details of investments from China into Indian stock markets
Apr 16, 2020, at 06:46 pm
Mumbai/IBNS: The Securities and Exchange Board of India (SEBI) has sought information from the custodians on details of Chinese investments or money routed through the country into Indian stock markets, said a Mint report.
COVID-19 impact: Recession to hit developing nations, may spare India and China, says UN report
Mar 31, 2020, at 06:32 pm
New York/IBNS: The world economy will go into recession this year with a predicted loss of global income in the trillions of dollars, causing serious trouble for developing countries, with the likely exception of China and the possible exception of India, as per a UN trade report released on Monday.
China's 5G investment on verge of peaking: Report
Mar 04, 2020, at 06:09 pm
Beijing/Xinhua/UNI: China will see large-scale investment in 5G infrastructure as relevant standards mature and upstream hardware further improves, said a report published Wednesday by S&P Global (China) Ratings, a wholly-owned subsidiary of S&P Global Inc. registered in Beijing.