Page 11 - India China Trade

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

India's April-July finished steel imports from China at five-year high

In all, India imported 2 million metric tons of finished steel in the period, the highest since 2020 and up 23% from a year earlier

Everyone in Ladakh knows that China has taken our land: Rahul Gandhi

Raking up the border issue, Congress leader Rahul Gandhi on Friday said every individual in Ladakh knows that China has "taken away our land" and claimed that Prime Minister Narendra Modi's assertion that not an inch of land was taken away was absolutely false. The former Congress president's remarks come after Prime Minister Modi and Chinese President Xi Jinping held a conversation on Wednesday on the sidelines of the BRICS (Brazil, Russia, India, China, South Africa) summit in Johannesburg. The conversation was not a structured bilateral meeting and was an informal one. I visited the whole of Ladakh on my motorcycle over the past week...Ladakh is a strategic place and when I was at Pangong lake, one thing was clear that China had taken over thousands of kilometers of Indian land. Unfortunately, the prime minister during an opposition meeting makes a statement that not an inch of our land was taken away which is 'absolutely false'," he said addressing a public meeting here on the ..

India needs to balance ties with China to grow, says US biz lobby

Since 2020, Beijing and New Delhi have positioned thousands of troops and weaponry close to the 3,488 kilometer (2,167 miles) disputed Himalayan border after a clash

China expands number of countries for travel by its big-spending tourists

China has increased the number of countries that its big-spending tourists can visit by more than 70 following the lifting of its last COVID-19 travel restrictions. The decision comes as international flights to and from the country gradually return to their pre-pandemic levels. China implemented strict lockdowns and draconian travel controls within the country and closed its borders almost entirely after the virus was first detected in the central city of Wuhan in late 2019. Those restrictions began to be lifted late last year, but the government has been hesitant to resume issuing passports and allowing in foreign tourists, as well as giving its citizens the ability to travel abroad. The expanded options for travel began on Thursday. "The government agencies in charge will provide businesses in the tourism sector with the necessary guidance for the implementation," the Foreign Ministry said. At this moment, we would like to remind all outbound tourists to be well-prepared befor

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

Chinese technicians may get faster visas to India to help set up factories

Chinese technicians and engineers need to visit India to set up factories and machinery in the country and a faster visa could make this process smoother

PLI footprint in India-China trade

India's goods imports from China during FY23 touched $98.5 billion, at a growth rate of 4.2 per cent, while India's global imports grew at 16.1 per cent during this fiscal year