Page 5 - India China Trade

US is top trading partner of India in FY25; trade deficit with China widens

India's exports to the US grew by 11.6 per cent in 2024-25, rising to $86.51 billion, compared to $77.52 billion in 2023-24

JSW Group may invest Rs 50,000 crore in green steel for European market

"If the Indian industry can really buck up and rise to the occasion, we can be the real replacement for China," said Jindal while speaking at the centenary celebrations of Indian Chambers of Commerce

62% Indians chose 'Made in China' products in last 12 month: Survey

Meanwhile, 20 per cent of Indian smartphone users said they have one or more Chinese apps installed

Govt not encouraging Chinese FDI: Piyush Goyal clarifies policy stance

India does not intend to encourage foreign direct investments (FDI) from China, Commerce and Industry Minister Piyush Goyal said on Friday, indicating New Delhi's intentions of not easing overseas investment curbs imposed on the neighbouring country in 2020. FDI applications from countries sharing land borders, such as China, have to mandatorily seek government approval for all sectors. This policy was issued in April 2020. "As of now, there's hardly any foreign direct investment from China...It was the same 25 years ago when it (FDI) was open (from China), not too much Chinese investment has come to India. Nor are we encouraging any significant investment coming in from China at all. At the moment, that is the policy," Goyal said here at an event. The remarks assume significance as certain quarters are of the view that the rule needs to be eased to attract technology and capital. In 2020, the government made its approval mandatory for FDI from countries that share land borders wit

China calls on India to stand together against US tariffs amid trade war

India-China ties: Spokesperson Yu Jing emphasised that Trump tariffs deprive countries in the Global South of their right to development, calling on global cooperation

China buys more Indian rapeseed meal after tariff on Canadian imports

India, the world's third-largest rapeseed producer, has struggled to export significant amounts of rapeseed meal to China because of higher prices

US tariffs: Govt tightens vigil on China imports amid dumping concerns

The department of commerce has been holding back-to-back internal meetings headed by commerce secretary Sunil Barthwal to firm up a strategy on how to prepare if such a situation arises

Ready to work with India on bilateral ties, says Chinese foreign ministry

The remarks, which were delivered by Chinese Foreign Ministry spokesperson Guo Jiakun came as the two countries mark the 75th anniversary of the establishment of their diplomatic ties

Xi Jinping calls for 'dragon-elephant tango' on 75 years of Indo-China ties

In a message marking 75th anniversary of their bilateral relations, Chinese President Xi Jinping on Tuesday stressed on partnership between India and China for mutual achievement and the need to do the dragon-elephant tango to serve their fundamental interests. Apart from President Xi's message to his counterpart Droupadi Murmu, Chinese Premier Li Qiang and Prime Minister Narendra Modi too exchanged congratulatory messages to mark the occasion, the Chinese Foreign Ministry announced here. In her message, Murmu said a stable, predictable and friendly bilateral relationship will benefit both countries and the world, state-run Xinhua news agency reported. The development comes amid the efforts to reset the ties after over four years of freeze due to the eastern Ladakh military standoff. President Xi, in his message to Murmu, said China and India, both ancient civilisations, major developing countries and important members of the Global South, are at a critical stage of their respectiv

The coming tsunami of Chinese exports: India may have to follow suit

Exports have been a major driver of China's growth and prosperity. However, there is a clear disconnect between its share of global manufacturing and consumption

India imposes anti-dumping duty on 5 Chinese goods including aluminium foil

India has imposed anti-dumping duty on four Chinese goods, including vacuum flasks and aluminium foil, during the month so far to guard domestic players from cheap imports from the neighbouring country. These duties were imposed as these products -- Soft Ferrite Cores, certain thickness of vacuum insulated flask, aluminium foil, and Trichloro Isocyanuric Acid -- were exported to India from China at below normal prices. In separate notifications, the Central Board of Indirect Taxes and Customs, Department of Revenue, said that the duty imposed "shall be levied for a period of five years" on imports of Soft Ferrite Cores, vacuum insulated flask, and Trichloro Isocyanuric Acid. The anti-dumping duty of up to USD 873 per tonne was imposed provisionally on aluminium foil for six months. The government has imposed the duty in the range of USD 276 per tonne to USD USD 986 per tonne on imports of the acid (a water treatment chemical) from China and Japan. On imports of Soft Ferrite Cores

India's ambitious $23 bn PLI scheme to counter China factories set to lapse

As of October 2024, participating firms had produced $151.93 billion worth of goods under the scheme, or 37 per cent of the target that Delhi had set

DGTR proposes anti-dumping duty on vitamin imports from China, EU for 5 yrs

The commerce ministry's investigation arm DGTR has recommended anti-dumping duty of up to USD 20.87 per kilogram on import of a certain kind of vitamin, used for animal consumption, from China, the European Union and Switzerland for five years. The Directorate General of Trade Remedies (DGTR) in its findings has concluded that imports of 'Vitamin A Palmitate' have significantly increased in absolute terms. Due to the dumping, the performance of domestic industry in terms of profit, cash profits and ROCE (Return on Capital Employed) has been adversely affected. "The authority recommends imposition of anti-dumping duty on the imports...for a period of five years," it said. The recommended duty ranges between USD 0.87-20.87 per kg. The finance ministry will take the final decision to impose the duty. Piramal Pharma Ltd had filed a petition before the DGTR for imposition of the duty on the imports. Anti-dumping probes are conducted by countries to determine whether domestic industrie

Congress MP files motion in LS on manufacturing crisis, China trade deficit

Manickam Tagore sharply criticized the government's flagship initiative, Make in India, which was intended to boost domestic manufacturing and employment opportunities

S Jaishankar, Chinese counterpart discuss bilateral ties, border peace

External Affairs Minister S Jaishankar and his Chinese counterpart Wang Yi discussed developments in Sino-India ties, management of peace and tranquillity along border areas, and Kailash Mansarovar Yatra resumption, during their meeting in South Africa, the MEA said on Friday. The two ministers met on the sidelines of the G20 Foreign Ministers Meeting in Johannesburg. The meeting lasted for about 30 minutes, MEA Spokesperson Randhir Jaiswal told reporters in response to a query during his weekly briefing. "The two ministers reviewed developments in our bilateral relations since their last meeting in November. Management of peace and tranquillity along border areas, Kailash Mansarovar Yatra resumption, flight connectivity and travel facilitation were discussed," he said. There was also an exchange of views on G20 and SCO, he added. Jaishankar is in Johannesburg on a two-day visit to South Africa to participate in the G20 Foreign Ministers' Meeting.

Review of Chinese investment ban in India unlikely anytime soon, says CEA

A review of the nearly five-year old restrictions on Chinese investments into India is unlikely in the near future, a senior official said on Tuesday. Chief Economic Advisor V Anantha Nageswaran said both countries have to understand the importance of mutual dependence and mutual benefits. "I don't think it is something you would expect to see immediate results because both sides are crossing the river by feeling the stones, so to speak," Nageswaran said, replying to a specific question on whether any changes are afoot. It can be noted that following violent clashes between Indian and Chinese soldiers in Galwan valley in 2020, the Indian government introduced measures restricting investments from countries sharing a land border with India that was taken to be an attempt to restrict Chinese play. Speaking at the IVCA event here, Nageswaran did acknowledge that both countries have been engaged in a conversation on the trade imbalances, probably drawing from the parleys on various iss

India, China agree to resume Kailash Mansarovar Yatra in 2025: MEA's secy

India and China on Monday decided to resume the Kailash Mansarovar Yatra as the two sides agreed to take certain people-centric steps to "stabilise and rebuild" ties. The Ministry of External Affairs (MEA) said this following Foreign Secretary Vikram Misri's talks with his Chinese counterpart Sun Weidong in Beijing. It said the two sides also agreed in principle to resume direct air services between the two countries. "As agreed between Prime Minister Narendra Modi and President Xi Jinping at their meeting in Kazan in October, the two sides reviewed the state of India-China bilateral relations comprehensively and agreed to take certain people-centric steps to stabilize and rebuild ties," the MEA said. "In this context, the two sides decided to resume the Kailash Mansarovar Yatra in the summer of 2025," it said. The MEA said the two sides also agreed to hold an early meeting of the India-China expert level mechanism to discuss resumption of provision of hydrological data and other

India's finished steel imports from China hit 7-year high in April-Dec

China, the world's top steel producer, shipped 2.1 million metric tonnes of finished steel to India during April-December, up 13.3 per cent year-on-year, the data showed

Govt seeks inter-ministerial clarity on Chinese bidders' registration

DPIIT asks ministries to submit inputs within 30 days of application

How China's export curbs are hurting Indian manufacturing growth

China's export restrictions on critical equipment have disrupted India's manufacturing sector, affecting industries like electronics, solar panels, and EVs, and delaying growth plans