India plans $1 billion investment for hydropower projects in Arunachal Pradesh
New Delhi: India is likely to allocate $1 billion to accelerate the construction of 12 hydropower stations in Arunachal Pradesh, a move likely to heighten tensions with China, which claims the region, Reuters reported.
Chinese EVs hit with duties in biggest European Union trade case yet
Brussels/IBNS: The European Union (EU) will impose tariffs of up to 37.6 percent from Friday on imports of electric vehicles (EVs) manufactured in China, ratcheting up tensions with Beijing in Brussels’ largest trade case yet, Reuters reported, citing EU officials.
Mumbai: Jaguar Land Rover, owned by Tata Motors, announced on Wednesday that it has signed a letter of intent with its Chinese joint venture partner, Chery, to license the Freelander brand for developing electric vehicles in China.
IMF revises China's 2024 growth forecast to 5%, predicts slowdown to 3.3% by 2029
Beijing: The IMF on Wednesday revised its projection for China's economic growth to 5 percent in 2024, up from its previous estimate of 4.6 percent, media reports said.
India’s ambitions can foster complementarity with China, reports Global Times
New Delhi/IBNS: There has been no shortage of pessimism regarding economic and trade relations between India and China, as Chinese companies are bearing the brunt of the most severe crackdown due to New Delhi's "tendency to generalize security issues in its China trade policy", though the latest data may indicate a different trend, serving as a reminder not to overlook the complementary strengths of both economies, according to a report by the Chinese Communist Party (CCP)-owned Global Times.
China surpasses US to become India's largest trading partner in FY24: Reports
New Delhi/IBNS: Replacing the United States, China has become the largest trading partner of India for the fiscal year 2023-24, reports said.
Tesla continues to cut jobs in China as part of its global workforce reduction: Report
Beijing: Tesla has increased job cuts in China as billionaire Elon Musk struggles to recover lost market share in the world’s biggest auto market, reported Bloomberg.
China's gold-buying spree triggers global price surge
Gold's value has historically surged during geopolitical and economic upheavals, and recent events like Russia's invasion of Ukraine and the conflict in Gaza have further boosted its price.
After postponing visit to India, Tesla CEO Elon Musk heads to China
Tesla CEO Elon Musk is on a surprise visit to China, the second-largest market for the electric vehicle titan, media reports said.
US chipmakers refuse to move focus from Chinese market despite Washington's restrictions
China continues to be a key market for a chunk of American chipmakers even as the United States tightens control on chip sales to the country and amid Beijing’s intense efforts for self-sufficiency in the semiconductor sector, media reports said.
India crosses China as HSBC's third-largest profitable business region
HSBC Group Wednesday reported a 25% rise in earnings from its activities in India, reaching $1.5 billion for the fiscal year ending December 2023, media reports said.
BMW registers robust electric vehicle sales growth in China: Reports
The BMW Group delivered 99,972 all-electric vehicles in the Chinese market in 2023, a year-on-year increase of more than 138 percent, the automaker has said.
Tencent spearheads $80 billion decline in value amid fears of China's crackdown on gaming industry
Beijing: Tencent Holdings Ltd. led an $80 billion market rout in several major Chinese online companies, following the sudden implementation of new gaming restrictions that reignited concerns about Beijing's renewed focus on the nation's vast internet sector, Bloomberg reported.
Moody's downgrades China's credit rating outlook from 'stable' to 'negative'
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
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.