Page 160 - China

Can India build a local electronics supply chain free from Chinese firms?

The good news is that the government is now willing to reassess its policy, as it starts discussions with stakeholders for a new PLI scheme specifically for electronic compon­ents

US narrows gap with China in number of diplomatic posts, says report

China has pushed in recent years to be seen as a key voice of the Global South, a reference to emerging-economy nations

Three lessons from two years

Hard new questions for policy makers in a post-Ukraine War world

Over 80% of Taiwanese favour maintaining status quo with China: Survey

The fastest growing category of people were those who want to maintain the status quo indefinitely; it rose from 9.8 per cent in 1994 to 33.2 per cent last year, rising sharply since 2020

China state council vows measures to lure foreign investment: Report

Calls are growing for investors to consider picking up undervalued Chinese stocks, with market veterans such as Mark Mobius growing more optimistic due to valuations and improving return ratios

Raisina Dialogue 2024: S Jaishankar cautions world on China's 'mind game'

External affairs minister S Jaishankar on Friday cautioned China's mind game’ of a narrow focus solely on bilateral dynamics, saying India should not forgo its rights of harnessing

Mind games would be played: Jaishankar on India-China bilateral ties

External Affairs Minister S Jaishankar on Friday said arriving at an equilibrium and maintaining it is going to be one of the "biggest challenges" for India-China ties even as he asserted that the immediate issue at hand was Beijing's departure from laid down norms triggering the border row in eastern Ladakh. In an interactive session at the Raisina Dialogue, he cautioned against China's "mind game" to restrict the issues under the bilateral framework and said India must not forgo its rights to harness other factors in the world to get better terms on an equilibrium. On the economic front, the external affairs minister said there would be a period when the Chinese economy will be flattening out and India will be growing and referred to projections by Goldman Sachs that suggested that by 2075, both countries could end up as USD 50 trillion plus economies. Jaishankar said India should be confident enough to "leverage" the international system to create the "best possible outcome". Hi

Maldives visit of Chinese ship could rouse Indian Ocean security concerns

China's foreign ministry has said research by the vessel was "exclusively" for peaceful purposes to benefit scientific understanding

Cabinet gives nod to Rs 13,000 crore IAF projects for high-power radars

The radar project has been cleared at a time when India has plans to strengthen its radar coverage all along its borders with both its northern and western adversaries

US Congress praises Taiwan in visit that's certain to draw China's scrutiny

A group of United States Congress members met with Taiwan's president Thursday in a show of support that's certain to draw scrutiny from China, which opposes such visits and sees them as a challenge to its claim of sovereignty over the island. A visit by then-House Speaker Nancy Pelosi to Taiwan two years ago resulted in China dispatching warships and military aircraft to all sides of the self-governing island democracy, and firing ballistic missiles into the waters nearby. In a meeting Thursday with Taiwanese President Tsai Ing-wen, Representative Mike Gallagher, the Republican chair of the House Select Committee on the Chinese Communist Party, highlighted the bipartisan support for the US-Taiwan partnership, which he described as "stronger and more rock-solid than ever now. The US, like most countries, doesn't formally recognize Taiwan as a country but maintains robust informal relations with the island and is bound by its own laws to provide it with the weapons it needs to defend

China-led proposal on investment facilitation has systemic concerns for WTO

The attempt of a group of countries led by China to integrate a proposal on investment facilitation into the World Trade Organisation has systemic concerns for the WTO and it would impact developing nations in pursuing their interest in future, experts say. They said that the proposal talks about facilitating investments in the WTO member countries, but there is mixed evidence that such agreements help attract investors. The concerns of the experts on the issue assumes significance as a China-led group of 130 countries are pushing to get an approval on their Investment Facilitation for Development (IFD) proposal in the WTO's 13th ministerial conference (MC) this month. The four-day meeting of trade ministers of 164-member global trade rule making body WTO begins on February 26 at Abu Dhabi, UAE. MC is the highest decision making body of the WTO. The experts also said that this is a proposal of a group of countries, which is called a plurilateral agreement or joint statement ...

HSBC's shares decline as $3 billion charge on stake in China bank

HSBC's shares slid as much as 8% in London, heading for their worst single-day drop since the Covid-19 pandemic erupted in March 2020

China tightens grip on stocks with net sale ban at open, close: Report

'The order from China's securities watchdog was recently delivered to major asset managers and the proprietary trading desks of brokerages'

Refining reality: World expects India to go past China in global oil demand

Can the country's refining capacity keep up?

Chinese businessman wins $96 million lottery, country's biggest so far

A 28-year-old man in China has won a 680 million yuan (USD 96 million) lottery jackpot, the biggest in the country so far. The winner is from Guizhou province in southwestern China, according to the website of the government-backed organiser China Welfare Lottery, Hong Kong-based South China Morning Post reported on Tuesday. He bought 133 tickets at two yuan (USD 28 cents) each, betting on the same group of seven numbers every time, and each of his tickets won a prize of 5.16 million yuan (USD 725,000), the local television station reported. The lottery pool entitled the man, whose identity has not been released to the public, which is routine for prize winners, to receive the 680 million yuan (USD 96 million) bonanza. The unidentified jackpot winner said he was so excited when he found out he had won that he could not sleep. An official from the provincial welfare lottery centre said the winner came to pick up the prize money on February 7. According to the Individual Income Tax

China buys Russia's Sokol crude as Indians turn away amid concerns

So far this month, the mostly private processors took an average of 168,000 barrels a day of Sokol, three times more than January's pace and well ahead of the 53,000 barrels in 2023

INDUS-X: Two-day Indo-US bilateral defence summit kicks off in Delhi

Launched in June 2023 during Prime Minister Narendra Modi's state visit to the US, INDUS-X has driven the expansion of bilateral ties

Caring for the elderly

Longevity dividend can be both a burden and an opportunity

Crude oil hovers near 3-week high on tensions in West Asia, China demand

There was no settlement for WTI on Monday due to a U.S. public holiday

Taiwan protests China's boarding of tourist boat near Kinmen Island

Taiwan on Tuesday protested China's boarding of a tourist boat, as tensions rise around the Kinmen archipelago, which lies a short distance off China's coast but is controlled by Taiwan. Taiwanese media reported the King Xia, carrying 11 crew and 23 passengers, was boarded by the Chinese coast guard for about 32 minutes on Monday. Taiwan's coast guard escorted the boat back to Kinmen, and it then continued its sight-seeing voyage. Ocean Affairs Council Minister Kuan Bi-ling told journalists at the legislature on Tuesday that the incident hurt the feelings of our people, created panic among the people, and was not in the interest of the people on both sides of the Taiwan Strait, referring to the 160 km- (100 mile)-wide waterway that separates mainland China from Taiwan, a self-governed island that Beijing claims as its own territory. Premier Chen Chien-jen said Taiwan was seeking to lower tensions in the area, which have escalated as China increased military activities following ...