Page 6 - China Exports

Banned Chinese manja continues to be in high demand ahead of Uttarayan

As the countdown begins for the Makar Sankranti begins, markets are buzzing with variety of kites

Blinken meets Chinese, Japanese diplomats, seeks stability in Taiwan

Secretary of State Antony Blinken met a senior Chinese diplomat on Friday, as the Biden administration seeks to mitigate tensions over Taiwan as the island holds its presidential election. Blinken sat down with Liu Jianchao, the Chinese Communist Party's international minister. Hours later, he met with Yoko Kamikawa, the foreign minister of Japan, one of the United States' strongest allies in Asia. The Biden administration is seeking to keep down tensions in the Taiwan Strait if the governing Democratic Progressive Party, known to lean toward independence, should prevail in Saturday's election. Beijing, which considers Taiwan to be part of Chinese territory, has suggested to voters that they could be choosing between peace and war. The U.S. is not supporting any candidate in Taiwan's presidential election and plans to send an unofficial delegation to the island shortly after the election. In addition to Taiwan, Blinken and Kamikawa discussed the wars in Ukraine and the Middle East

Domestic steel vacuum bottle makers urge govt to check imports from China

The All India Steel Bottle Association (AISBA) has urged the government to take immediate measures to check the imports of sub-standard and cheap steel vacuum flasks into India. The imports of vacuum steel bottles from China and other countries are on the rise and the country has seen a 35 per cent increase in imports of the product from 2019-20 to 2022-23, the industry body said citing an official data. Bharat Agarwal, Treasurer of AISBA, also suggested the government not to extend import relaxation under a BIS (Bureau of Indian Standards) order which restricts quality approvals to such products beyond January 14, 2024. As per the order, he said, "January 14 is the last date by when the products getting imported are to be approved by the BIS". The products are not as per the BIS standards, hence the government must not extend the relaxation considering the issues faced by local manufacturers who have invested around Rs 1,500 crore in the Indian market, he said. "We have also not

China's rice exports to Ivory Coast top 2022 after India imposed curbs

The Asian nation shipped 45,000 tonnes to the African country in October, matching the volume exported in August, customs data compiled by Bloomberg show

Faster trains are crucial for India to tap global export markets like China

What has local train travel got to do with exports? A lot, according to Lin Tian at INSEAD in Singapore and Yue Yu at the University Of Toronto

China's gasoline exports tumble; IMF upgrades GDP growth forecasts

Beijing is owed more than $1 trillion in BRI project debt, says report

NITI Aayog working on plan to reduce reliance on China for supply chains

A senior government official was quoted as saying that the Aayog will bolster its policy recommendations on tariff and non-tariff barriers

China targets 50% growth in computing power in race against the US

The plan, released by six departments in Beijing including the Ministry of Industry and Information Technology (MIIT), has set a target for China's total computing power to reach 300 EFLOPS by 2025

China's exports fall for 4th consecutive month showing pressure on trade

The customs data released on Thursday further showed that imports also slid 7.3% to $216.51 billion

China exports decline slower than expected in Aug as economy under pressure

China's exports declined at a slower pace in August, even as the world's second-biggest economy remains under pressure from weaker demand both domestically and abroad. Exports for August slumped 8.8 per cent from the same time last year, totalling USD 284.87 billion, and were slower than the 14.5 per cent last month, according to customs data on Thursday. Imports slid 7.3 per cent from a year ago to USD 216.51 billion, but beat consensus estimates of a 9 per cent decline. China's trade surplus contracted 13.2 per cent to USD 68.36 billion, lower than the USD 80.6 billion in July. Chinese leaders have in recent months rolled out several policy measures to shore up the economy after a post-COVID rebound fizzled earlier than expected. China's central banks have eased borrowing rules, relaxing borrowing rules and lowering mortgage rates for first-time home buyers as well as implementing some tax relief measures for small businesses. However, authorities have yet to announce large-sca

India's anti-dumping duty impositions drop amid post Covid-19 shift

The Indian government's stance on anti-dumping duties has seen a decrease in the acceptance of recommendations from the DGTR, particularly concerning goods from China

China's July exports tumble, add to pressure to shore up flagging economy

China's exports plunged by 14.5 per cent in July compared with a year earlier, adding to pressure on the ruling Communist Party to reverse an economic slump. Exports fell to USD 281.8 billion as the decline widened from June's 12.4 per cent fall, customs data showed Tuesday. Imports tumbled 12.4 per cent from a year earlier to USD 201.2 billion in a sign of weak domestic demand, widening from the previous month's 6.8 per cent contraction. The country's global trade surplus narrowed by 20.4 per cent from a record high a year ago to USD 80.6 billion. Chinese leaders are trying to shore up business and consumer activity after a rebound following the end of anti-virus controls in December fizzled out earlier than expected. Economic growth sank to 0.8 per cent in the three months ending in June compared with the previous quarter, down from the January-March period's 2.2 per cent. That is the equivalent of 3.2 per cent annual growth, which would be among China's weakest in three ...

China's exports dip 12.4% in June as global demand weakened amid rate hikes

China's exports tumbled 12.4 per cent in June from a year earlier as demand weakened after central banks raised interest rates to curb inflation. Customs data released Thursday showed imports slid 6.8 per cent. Trade weakness adds to downward pressure on the world's second-largest economy. Global consumer demand has weakened after the Federal Reserve and central banks in Europe and Asia raised interest rates to bring inflation down from near multi-decade highs by reining in business and consumer activity. In January-June, China's total trade including imports and exports fell nearly 5 per cent from a year earlier. Exports slipped 3.2 per cent and imports declined 6.7 per cent as prices of commodities like oil fell and demand inside China also faltered. Trade also has been dampened by tensions with Washington and restrictions on access to US processor chips and other technology in a feud with Beijing over security and Chinese industrial policy. Chinese factories assemble most of the

Xi Jinping's metal curbs risk backfiring as G-7 seeks alternative to China

The new export licensing system highlighted China's dominant position in global production of gallium and germanium, which are used to make chips, electric cars and telecommunications equipment

Xi Jinping urges open supply chains after curbing exports of key metals

The world's No. 2 economy wants to work with nations to reject the moves of setting up barriers, decoupling and severing supply chains," Xi said in a virtual speech

China's exports tumble in May as global demand falters, imports fall

The poor export performance reflects weak demand for Chinese goods as does the weak import performance as China brings in parts and materials from abroad to assemble finished products for export

China exports up 8.5% in Apr in unexpected climb despite weakening demand

Chinese exports grew 8.5 per cent in April, showing more unexpected strength despite weakening global demand, customs data showed Tuesday. Exports grew to USD 295.4 billion compared with a year earlier, although at a slower pace, building on momentum seen in the March data when exports rose 14.8 per cent. But imports shrank at a faster pace, with the total slumping 7.9 per cent to USD 205.2 billion compared to the same time last year, according to data from the General Administration of Customs on Tuesday. It was down 1.4 per cent in March. China's trade surplus in April widened, growing 82.3 per cent as compared to the same period last year. In the first four months of the year, exports edged up 2.5 per cent over the same period of 2022 to USD 1,117 billion, the General Administration of Customs of China reported. Total imports contracted 7.3 per cent to USD 822 billion. Despite that, forecasters say exports should weaken this year. Global consumer demand weakened after the Fede

BIS non-clearance halt import of viscose, polyester staple fibre

According to industry sources, even after around 20 days since its implementation, applications for BIS certification by foreign companies are still pending, causing a halt on imports of both VSF, PSF

Amid tension with China, India looks to Taiwan for high-tech imports

India's overall imports from Taiwan during April-February rose by 34 per cent to $7.5 billion

China's exports slump 9.9% in December as global demand continues to drop

Export growth was robust for most of 2022, providing some support for the world's second-largest economy as it was hit by a housing market slump and weak consumer demand