Moody's downgrades China's credit rating outlook from 'stable' to 'negative'
Dec 06, 2023, at 03:41 am
Beijing: Ratings agency Moody's on Tuesday revised China's credit rating outlook from "stable" to "negative" due to the increasing debt in the world's second-largest economy.
Walmart increases imports from India to benefit from cheaper imports
Nov 30, 2023, at 04:25 am
Bengaluru: Walmart is increasing its import of goods to the United States from India and decreasing its dependence on China in an effort to reduce expenses and broaden its supply chain, Reuters reported.
Apple stocks fall, drag US bourses down after China widens curb on iPhone use
Sep 08, 2023, at 04:54 am
Apple stocks fell 4%, triggering a rout in the US stock market, after the Chinese government widened curbs on iPhone use by government officials, Reuters reported.
JSW Group in talks with Chinese carmaker to make EVs in India: Report
Sep 01, 2023, at 03:01 am
Mumbai: India's JSW Group is entering into a licensing technology agreement with China’s Leapmotor, to build Electronic Vehicles (EVs) in India, Reuters reported.
Govt gets selective with dumping duty, rejection rate jumps 43%: Report
Aug 10, 2023, at 02:39 am
New Delhi: As part of India's drive towards self-reliance (Atmanirbhar Bharat), the Finance Ministry is increasingly adopting a discerning approach in applying dumping duties, resulting in a rejection rate of 43 percent since August 2020, TOI reported.
Jun 10, 2023, at 04:13 am
New Delhi: Enforcement Directorate (ED) on Friday issued showcause notices to Chinese mobile manufacturer Xiaomi and three banks for alleged foreign exchange violation of Rs 5,551.27 crore.
Top Tesla execs to visit India to explore supply chain expansion outside China: Report
May 17, 2023, at 05:12 am
Amid ongoing trade tensions between the United States and China, companies such as Tesla are quickly understanding the need to redirect their focus away from China.
Apple MixC Shenzhen opens in China
Apr 29, 2023, at 03:06 pm
Shenzhen: Smartphone maker Apple on Friday previewed Apple MixC Shenzhen, the second store in this vibrant city.
Airbus to set up new assembly line in China, gets nod for 160 plane order
Apr 08, 2023, at 04:11 am
Beijing: European aircraft manufacturer Airbus has announced plans to set up a second assembly line in China, with the aim of doubling its capacity in the country and enhancing its presence in the world's second-largest aviation market, Reuters reported.
Mar 01, 2023, at 07:20 am
Apple’s Chinese suppliers may move their capacity out of the country at a quicker rate than expected, to avoid the negative consequences of increasing tensions between Beijing and Washington, according to one of Apple's top partners, Bloomberg reported.
China's Alibaba offloads entire stake in Paytm
Feb 11, 2023, at 03:55 am
Mumbai/IBNS: China’s Alibaba Group has divested its entire stake in digital payments platform Paytm, news agency ANI reported.
Jan 18, 2023, at 07:40 am
Former RBI governor Raghuram Rajan said on Tuesday it’s still too early to say that India will influence global economic growth, pushing China down the ladder, a media report said.
India likely to manufacture 50 pc of all iPhones produced globally by 2027: Report
Jan 18, 2023, at 05:41 am
Beijing/New Delhi: India is expected to assemble 50 percent of all the iPhones manufactured by 2027, a big leap from its current share of less than 5 percent, to be at par with the scale of production in mainland China, according to media reports.
China launches 14 satellites atop Long March-2D rocket
Jan 15, 2023, at 11:57 pm
Beijing: China successfully orbited 14 research satellites atop a Long March-2D carrier rocket, the China Aerospace Science and Technology Corporation (CASC) said on Sunday.
Jan 11, 2023, at 04:44 pm
Shanghai: Soon after Chinese business magnate Jack Ma resurfaced in Thailand after making appearances in Japan, Ant Group, in which he had a controlling stake, said its billionaire founder has ceded all voting power.
Indian govt likely to consider JVs with Chinese firms to help global firms produce in India
Dec 31, 2022, at 04:06 am
New Delhi/IBNS: The government may consider reviewing Chinese investments in India to facilitate multinational companies shift their manufacturing operations to India, CNBC TV18 reported.
India not reliant on China for rare earth minerals: Jitendra Singh
Dec 15, 2022, at 06:17 pm
New Delhi/IBNS: Union Minister Jitendra Singh Wednesday said that India is not reliant on China for accessing rare earth minerals.
India's trade deficit with China during April-October touches $51.5 billion
Dec 10, 2022, at 03:40 am
The India-China trade deficit has touched $51.5 billion during April-October in FY23, commerce and industry minister Piyush Goyal informed Parliament on Friday.
Qatar to supply LNG to China for 27 yrs in world's 'longest' deal
Nov 23, 2022, at 01:59 am
China inked a $60 billion deal with Qatar on Monday to buy Liquified Natural Gas (LNG) for 27 years at a time when Europe is struggling to secure alternative resources, media reports said.
Nov 17, 2022, at 10:57 pm
Kolkata/IBNS: Exploration and mining of critical minerals are at the core of India’s journey to net-zero by 2070 with 50 percent of its energy requirements from renewable energy, as the manufacture of green technologies for climate change mitigation requires minerals and metals, whose production is dominated by China, according to experts.
Rich countries stick to coal phase-out timelines as China expands fleet: Report
Nov 16, 2022, at 04:28 am
London/Sharm El-Sheikh: Even as the rich countries continued to adhere to their pledge to phase out coal power despite a paucity of energy in the aftermath of the Ukraine War, the expansion in Coal mining activities by China will hinder the impacts of the closures, according to media reports.
Nov 13, 2022, at 11:30 pm
New Delhi: U.S. Treasury Secretary Janet Yellen has said her nation is keen to further deepen economic and trade links with India under its ‘friendshoring’ approach in a bid to reduce supply chain dependence on countries like China.
iPhone shipments delayed over China's Covid lockdown: Apple
Nov 07, 2022, at 06:38 pm
Cupertino/UNI: Apple says those itching to buy its latest iPhone 14 Pro or iPhone Pro Max, should expect longer wait times to receive its new products as its assembly factory in China is now operating at a significantly reduced capacity, reports said.
TikTok: Staff in China can access UK, EU user data
Nov 04, 2022, at 12:47 am
London/UNI: Chinese video-sharing platform TikTok has told users that some of its workers in China have access to the data of accounts in the UK and European Union EU.
China: iPhone supplier Foxconn boosts pay in biggest production plant
Nov 02, 2022, at 06:10 pm
Beijing/IBNS: Apple supplier Foxconn said it has quadrupled daily bonuses at a major iPhone production plant after a breakout by workers during a Covid lockdown.
India-China bilateral trade crosses $ 100 billion in Jan-Sept period: Report
Oct 27, 2022, at 09:25 pm
India-China bilateral trade has crossed $ 100 billion for the second year in the first nine months of 2022 while India's trade deficit widened to more than $ 75 billion, media reports said citing data released by China's General Administration of Customs (GAC).
Chinese yuan hits record low against USD
Sep 28, 2022, at 10:36 pm
Beijing/UNI: China's yuan has hit fresh record lows against the surging US dollar.
Russia to accept rubles and yuan from China for gas imports
Sep 07, 2022, at 05:56 pm
Russia's energy giant Gazprom said Tuesday that China will start paying for Russian gas in rubles and yuan instead of US dollars, AFP reported.
Linking bilateral trade to border tension not a good stance by India, says Chinese diplomat
Sep 03, 2022, at 03:07 am
Kolkata: The Chinese companies are hit by uncertainty and don't feel at ease doing business in India owing to the treatment and the policies of the Indian government, the Chinese Consulate General in Kolkata Zha Liyou Thursday said.
US, Taiwanese companies apply for manufacturing semiconductors in India, says Minister
Sep 02, 2022, at 11:54 pm
New Delhi: Minister of State for Electronics and Information Technology Rajeev Chandrasekhar has said companies from the US, Taiwan and certain European nations have shown interest in setting up semiconductor manufacturing units in India.