Page 23 - China

India economy to reach $7 trillion mark in next seven years: CEA Nageswaran

Nageswaran added that the economy will be $3.5 trillion by the end of the current fiscal, FY23

Britain and Japan sign pact to allow two-way military deployments

'Most significant defence agreement between the 2 countries in a century'

India may be in better economic shape to create a rupee trade zone

But the China factor could play spoiler

Oil prices surge over 1% on China demand hopes, US inflation in focus

Brent crude rose $1.18, or 1.4%, to $83.85 a barrel by 1250 GMT, while U.S. West Texas Intermediate crude gained $1.15, or 1.5%, to $78.56

Covid-19 variant XBB.1.5: What Is the 'Kraken' and how dangerous is it?

XBB.1.5 is "the most transmissible sub-variant which has been detected yet," said the WHO's Covid-19 technical lead

China saw the steepest fall in funding activity among global peers in 2022

India saw the second-highest fall in funding activity, down 33 per cent in 2022 from 2021, says Tracxn

Sri Lankan central bank urges India, China to reduce debts at the earliest

Sri Lanka, which is currently amidst the worst-ever economic crisis since its independence in 1948, defaulted on its debt repayments and negotiated a $2.9 billion bailout

US, Japan agree China represents greatest shared strategic challenge

The two sides also promised to reinforce deterrence as well as expand the scope of their security treaty even into space

China consumer inflation accelerates in Dec; PPI falls with soft demand

China abandoned its strict zero-Covid measures last month, lifting lockdowns, removing quarantine and halting regular testing. As a result, economists expect inflation to continue to accelerate

Global wealth, Indian business

Comparing India and China's Fortune 500 performance may not be entirely fair, but it offers some thought-provoking facts at a time when India is flaunted as the only decent economic game in town

Philippine Supreme Court voids oil exploration pact involving China

The Philippine Supreme Court on Tuesday declared unconstitutional a 2005 pact by China, the Philippines and Vietnam to jointly explore for oil in the disputed South China Sea, a decision that also brings other proposed agreements into doubt. The decision by 12 of the court's 15 justices voided the Joint Marine Seismic Undertaking agreement by state-owned companies in the three nations, which are among Asian countries locked in decades-long territorial disputes in the busy waterway. Two justices dissented and one was on leave and did not vote. The court did not immediately make public the full decision and only released highlights in a statement. President Ferdinand Marcos Jr., who took office in June last year, expressed willingness to revive failed negotiations for joint oil exploration with China in a meeting with his Chinese counterpart, Xi Jinping, in Beijing last week. The court ruled that the 2005 agreement violated the constitution by allowing the state-owned oil companies o

China renews threats to attack Taiwan, warns foreign politicians

China renewed its threats Wednesday to attack Taiwan and warned that foreign politicians who interact with the self-governing island are playing with fire. A spokesperson for China's Taiwan Affairs Office said the country was recommitted in the new year to safeguarding sovereignty and territorial integrity and smashing plots for Taiwan independence on the self-governing democracy that separated from mainland China in 1949. The malicious support for Taiwan independence among anti-China elements in a few foreign countries are a deliberate provocation, Ma Xiaoguang said at a biweekly news conference. China views Taiwan as a Chinese territory that must be brought under Beijing's control, by force if necessary. A string of visits in recent months by foreign politicians to Taiwan, including by then-U.S. House Speaker Nancy Pelosi and numerous politicians from the European Union, spurred displays of military might from both sides. This week, Taiwan's military is staging drills intended to

China's population likely declined last year as births hit new low

The government's official data for total number of births in 2022 - expected to be released next week - will probably show a record low of 10 million, according to independent demographer He Yafu

Indian economy to grow at a robust 6.6% in FY24, says World Bank

'Limited spillovers' to Asia's third-largest economy, even as world 'perilously close' to recession

China to top global equity market performance in 2023: Morgan Stanley

The current situation is on par with that in late 2008/early 2009, in our view, with many investors insufficiently exposed to what is likely a key cross-asset portfolio alpha driver for 2023

China economy recovering but hampered by repeated coronavirus outbreaks

Wang Jian is anxious to get back to work teaching basketball to children now that China has lifted anti-COVID-19 restrictions. But his gym in the eastern city of Shenyang has been closed for a month because all its coaches are infected. The most optimistic forecasts say China's business and consumer activity might revive as early as the first quarter of this year. But before that happens, entrepreneurs and families face a painful squeeze from a surge in virus cases that has left employers without enough healthy workers and kept wary customers away from shopping malls, restaurants, hair salons and gyms. I hope the situation will turn around in March or April with no more COVID shocks, said Wang, 33, who went without a paycheck for four months when the gym closed during virus outbreaks. If parents worry about possible reinfection, they simply won't send their children for training. The abrupt decision by President Xi Jinping's government to end controls that shut down factories and ke

China suspends visas for South Koreans in apparent retaliatory move

China suspended visas Tuesday for South Koreans to come to the country for tourism or business in apparent retaliation for COVID-19 testing requirements on Chinese travellers. A brief notice posted online by the Chinese Embassy in Seoul said the ban would apply until South Korea lifted its discriminatory measures on entrance by China to the country. No other details were given, although China has threatened to take retaliation against countries that require travellers from China to show a negative test result for COVID-19 taken within the previous 48 hours. China requires the same measures for travellers coming into the country. Beijing has been accused by the World Health Organisation of withholding data on the state of the outbreak in China.

Pfizer CEO rules out talk with China on generic Covid drug Paxlovid license

Bourla said the company had shipped thousands of courses of the treatment in 2022 to China and in the past couple of weeks, had increased that to millions

Prez Xi warns China officials to avoid 'collusion' with big business

He also warned against "any infiltration of capital into politics that undermines the political ecosystem or the environment for economic development"

Delivery time gets longer for some Tesla models in China after discounts

The waiting time for orders of the rear-wheel-drive and long-range versions of Model Y was a week longer on Monday than it had been on Friday, Tesla's website showed