Page 10 - India China Trade

India takes investment spotlight while risks weigh in China: Suntory CEO

Japanese drinks maker Suntory is prioritising expansion in India while taking a cautious stance on business in China

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

Maldives Prez Muizzu meets Chinese counterpart Xi amid row with India

Chinese President Xi Jinping on Wednesday held talks with his Maldivian counterpart Mohamed Muizzu, who is on a five-day state visit, amid a diplomatic row with India over derogatory remarks by his ministers against Prime Minister Narendra Modi. President Muizzu was accorded a red carpet welcome and a 21-gun salute. Official media reported that Xi and Muizzu held talks, without sharing the details. Muizzu, who is regarded as a pro-China leader, is visiting China amid the row with India after some Maldivian ministers posted derogatory remarks against Prime Minister Modi leading to a spate of cancellations of reservations by Indian tourists, who constitute the largest number of visitors to the tourism-dependent island nation. Besides talks with Xi, Muizzu is expected to meet Chinese Premier Li Qiang and other senior officials before his return to Male on January 12. Muizzu reached Beijing last night after staying in the Chinese city of Fujian for two days. In his address to the Mal

India imposes anti-dumping duty on 3 Chinese products for 5 years

India has imposed anti-dumping duties on three Chinese products -- wheel loaders, gypsum tiles, and industrial laser machinery -- for five years to guard local manufacturers from cheap imports from the neighbouring country. These duties were imposed following recommendations of the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR). The DGTR in separate probes have concluded that these products have been exported at a price below normal value in Indian markets, which has resulted in dumping. The domestic industry has suffered material injury due to the dumping of these products. According to separate notifications of the Central Board of Indirect Taxes and Customs (CBIC) issued last month, the duties have been imposed on gypsum board/tiles with lamination at least on one side. Such duties have also been imposed on industrial laser machines, in fully assembled, Semi Knocked Down (SKD) or Completely Knocked Down (CKD) form, used for cutting, marking,

World needs India to become reliable challenger to China: Anand Mahindra

The world needs India to become a reliable challenger to China's supply-chain dominance, which will provide a great opportunity in 2024 and investment will flow into the country in unprecedented volumes, according to Mahindra Group Chairman Anand Mahindra. In his New Year message, Mahindra also said all signs point to the Indian economy achieving "the mythical lift-off that we have been awaiting, for decades" and predicted that in 2024 "companies that are able to create a portfolio of desirable products both in features and price will face the happy challenge of raising their production to meet demand". Stressing that "a New Year is special because it always symbolises a new beginning", he said, "No matter how dark the year has gone by, the human spirit has an abiding capacity for hope. 2023 was a year characterised by conflict, climate change and a sluggish post-Covid recovery. The year ended with the world crying out for renewal." The first day of the new year opens a new chapter,

Frozen India, China ties on a drift into fourth year with no end in sight

With Beijing remaining intransigent on the withdrawal of additional troops deployed by the PLA since the deadly border clash in 2020 in eastern Ladakh, India's bilateral ties with China remained frozen in 2023 with no forward movement on the horizon despite several rounds of diplomatic and military talks. The relationship has remained frozen since May 2020 when the People's Liberation Army (PLA) amassed troops in eastern Ladakh that led to a deadly clash between the two militaries at the Galwan Valley in June 2020, resulting in the deaths of 20 Indian soldiers and at least four Chinese military personnel. In the words of External Affairs Minister S Jaishankar, the Chinese literally brought tens of thousands of soldiers in full military preparation at the border in Ladakh in violation of all bilateral agreements. The ties between the two countries after the two high-profile informal summits between Prime Minister Narendra Modi and Chinese President Xi Jinping remain frozen and India

Taiwan's presidential frontrunners clash over future of trade with Beijing

Taiwan's presidential candidates clashed over future trade agreements with China on Tuesday, as the two leaders presented contrasting opinions regarding the same

Trade challenges in 2023: India relatively steady amid global slowdown

In India, the export and import figures have been trending downwards mainly due to fall in commodity prices and freight rates compared to the previous year

Hindalco well-placed in emerging demand-supply scenario for aluminium

Even with the cap, China holds 57 per cent of global production capacity

China turns up heat on trade with rare earth tech export restrictions

The US is spearheading a drive to reduce China's stranglehold over flows of these minerals, from rare earths to lithium and cobalt.

WTO's proposed reforms leave question of appeals court unanswered

"In addressing the issue of appeal, delegates are actively exploring potential resolutions that can reconcile the diverse perspectives expressed by Members," he said

Apple looking for suppliers of crucial components in India, Taiwan, S Korea

Apple is facing delays in government approvals for imports of crucial components from existing suppliers, which are primarily based in China

Has China peaked?

Even if China's growth slows in the coming years, India faces the daunting task of achieving something extraordinary to catch up

China mysterious disease outbreak: Indian exporters fear likely impact

To compound the issue, China, the world's second-largest economy, is already slowing down and grappling with a crisis in its real estate market

ASEAN wants India to join RCEP for greater market access: Secretary-General

ASEAN Secretary-General Dr Kao Kim Hourn has said that the 10-member bloc of the Southeast Asian countries wants India to join the landmark Regional Comprehensive Economic Partnership (RCEP) for greater market access as he asserted that all partners stand to gain from the inclusive, open and rule-based trade pact. Dr Kao also said that India and ASEAN have been working together across different sectors - from space to investment, to tourism, to the defence sector and counter-terrorism, among others - and advocated expanding such cooperation in new sectors. Talking to a select group of Indian journalists here on Monday evening, Dr Kao said joining the Regional Comprehensive Economic Partnership (RCEP) would benefit India as the agreement would provide greater market access. He added that all partners will gain from the inclusive, open and rule-based trade pact. The RCEP is a free trade area (FTA) consisting of 10 ASEAN members (Brunei, Cambodia, Indonesia, Malaysia, Myanmar, Singapo

NITI Aayog to develop action plan to bridge trade deficit with China

Government think tank NITI Aayog has initiated a study to develop a comprehensive action plan to bridge India's trade deficit with China over time and align trading strategies with emerging geopolitical situation and potential risks to safeguard supply chains. The Aayog has invited bids from consultants to lead the two studies in areas of reducing trade gap with China and boosting local manufacturing. The move also comes against the backdrop of simmering tensions between India and China since the Galwan clash in June 2020. "The centrality of China to lndia's supply chain in certain industries raises dependency and vulnerability of the lndian supply chains and production networks particularly during crisis situations such as the COVID-I9 and geopolitical conflicts. "The study would aim to develop a comprehensive action plan to bridge the trade deficit over time and align trading strategies with emerging geopolitical situation and potential risks to safeguard supply chains," the Aayo

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

PLI scheme effect? Bulk drug imports from China slow, shows data

Experts say scheme to boost local manufacturing will take 5-7 years to show tangible results

Canon begins selling new chip machines to rival world's best by ASML

Canon's machinery may also add a new front in the US-China trade war, as the import of EUV machines into China is prohibited by trade sanctions

China's economic woes deepen, advisors suggest more infrastructure spending

Advisers calling for immediate stimulus argue the central government's low debt means it can shoulder the burden with municipalities to finance infrastructure