Page 6 - India China Trade

Here's why developing nations are leading trade investigation against China

China faced record 160 trade investigations in 2024, with developing nations leading the pushback over overcapacity concerns; India, EU, and Brazil top the list of initiators

China assures its world's biggest dam will not affect water flow to India

China on Monday reiterated its plan to build the world's biggest dam over the Brahmaputra River in Tibet near the Indian border, saying the planned project has gone through rigorous scientific verification and will not have any negative impact on downstream countries -- India and Bangladesh. The project, estimated to cost around USD 137 billion, is located in the ecologically fragile Himalayan region along a tectonic plate boundary where earthquakes occur frequently. China's construction of the hydropower project over in the Yarlung Tsangpo River (the Tibetan name for Brahmaputra River) downstream has gone through rigorous scientific verification and will not have any negative impact on the ecological environment, geology and water resources of the downstream countries, Chinese Foreign Ministry's new spokesman Guo Jiakun told a media briefing here. On the contrary, it will be conducive to downstream disaster prevention and mitigation and response to climate change to a certain exten

Why India and China should admit that their economies are intertwined

A lot has changed. Both nations are more than a little concerned about how they will revive slowing growth

China extends reduced visa fees for Indians: Rs 2900 until Dec 2025

The single-entry visa is priced at Rs 2,900, while double-entry visas will cost Rs 4,400. For those seeking longer stays, a six-month multiple-entry visa is available for Rs 5,900

China praises Manmohan Singh's role in strengthening Sino-India ties

China on Friday paid tributes to former prime minister Dr Manmohan Singh saying that he made a positive contribution to the development of India-China relations recalling key agreements signed between the two countries during his tenure to address the vexed boundary issue. Singh was a senior politician and renowned economist of India and had made a positive contribution to the development of India-China relations, Chinese Foreign Ministry spokesperson Mao Ning told a media briefing here replying to a question on Singh's legacy to the improvement of the ties between the two countries. When he was prime minister, China and India announced the establishment of the strategic cooperative partnership for peace and prosperity and reached an agreement on the political parameters and guiding principles for the settlement of the India-China boundary question, Mao said. China expresses deep condolences on his passing and extends its sympathy to the Indian government and people and Singh's ...

Govt initiates anti-dumping probe into LNG fuel tanks imports from China

India has initiated a probe into alleged dumping of LNG fuel tanks from China following a complaint by a domestic player, according to a commerce ministry notification. The commerce ministry's investigation arm, Directorate General of Trade Remedies (DGTR), is probing the dumping of liquified natural gas (LNG) fuel tanks as imports are allegedly hurting the margins of the domestic industry. Inox India Ltd has filed an application seeking the imposition of anti-dumping duty, stating that the cheap imports are causing material injury to the domestic industry. The tanks are used to contain and carry methane gas in large vehicles such as trucks. "On the basis of the duly substantiated written application submitted by the domestic industry and having reached satisfaction based on the prima facie evidence submitted by domestic industry about dumping of subject goods...the Authority, hereby, initiates an anti-dumping investigation," the DGTR has said in a notification. If it is establish

Chinese firms Xiaomi, Haier tap reserves, loans for expansion in India

Faced with delays in equity funding approvals, Chinese companies such as Xiaomi, SAIC, and Haier are turning to cash reserves and loans to fund their expansion plans in India

China's Hisense eyes 26% stake in Epack's manufacturing facility in India

Epack Manufacturing Technologies, which is building a major production facility in Andhra Pradesh for Hisense, expects $1 billion in additional revenue in the next five years from the Hisense partners

India, China aim for mutually acceptable settlement of boundary issue

NSA attended first meeting of Special Representatives since 2020 border clashes, held in Beijing

Prez Xi stressed improving ties during meeting with PM Modi: Chinese FM

Chinese Foreign Minister added that Beijing is working with New Delhi to find the right and bright path for big, neighbouring countries to live in harmony and develop side by side

In two minds on China: Policymakers split over attracting Chinese FDI

Following the Galwan clash between the two countries' forces in 2020, India imposed restrictions on investments from countries it shares a land border with to curb opportunistic takeovers

Indian biz should take balanced approach in dealing with China: Jaishankar

Indian businesses should take a "balanced" approach in dealing with China as excessive dependence on its supply chain could be detrimental to India's national interest, External Affairs Minister S Jaishankar said on Thursday. In an interactive session at industry chamber Assocham, he said the recent resolution of the issues in the remaining friction points along the Line of Actual Control (LAC) in eastern Ladakh has resulted in "some progress" but there is a need for further discussions. To a question on evolving relations with China, he said with that country accounting for 32-33 per cent of global manufacturing, it is logical that several supply chains will have to go through China. "It is a reality which we will have to factor (that) into our calculations." "But it is also a fact that if you become excessively dependent on a single supply chain or in the name of supply chain, you open up your market that it is no longer a supply chain, but your sectors are getting hollowed out.

India's steel imports from China hit record high, latest data shows

China, the world's biggest steel producer, shipped 1.7 million metric tons of finished steel to India during April-October, a 35.4 per cent increase year-on-year, the data showed

Apple taps over 40 Indian companies for supply chain as China ties strain

Apple has partnered with over 40 Indian firms, including Dixon, HCLTech, and Wipro, to strengthen its local supply chain as Chinese partners face legal and tax challenges in India

Initiative to expedite visas of Chinese workers helping PLI firms: Official

The government's initiative to expedite visas of Chinese technicians, whose expertise is required in Indian manufacturing firms in the PLI sector, is providing relief to such companies, a senior government official said on Wednesday. Earlier lot of firms used to flag the issue of delay in getting visas for Chinese technicians, who are required for works like installation or repair of certain machines, besides training workers in India. "Now that pendency has come down. Lot of improvement is there. There is a relief in this for those companies. The Ministry of Home Affairs has taken action pro-actively. In the last two months, things have improved a lot," the official said. A portal to facilitate these business visas was started to streamline the process. The PLI (production linked incentive scheme) scheme was announced in 2021 for 14 sectors, including telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, ...

Jaishankar, China FM agree to resume boundary talks, discuss direct flights

India and China to resume special representative-level talks on boundary issues, focus on stabilising ties and direct flights

We should implement Modi-Xi plan for better ties: China's FM to Jaishankar

India and China should implement the important consensus reached by Prime Minister Narendra Modi and President Xi Jinping at their summit in Russia, Chinese Foreign Minister Wang Yi said in his meeting with External Affairs Minister S Jaishankar on the sidelines of G20 meeting at Rio De Janeiro. Wang, also a member of the Political Bureau of the ruling Communist Party, said that the successful meeting between Xi and Modi on the sidelines of last month's BRICS summit in Kazan and the restart of China-India relations are in line with the fundamental interests of the two peoples, the expectations of Global South countries and the right direction of history. The two sides should implement the important consensus reached by the two heads of state, respect each other's core interests, enhance mutual trust through dialogue and communication, handle differences properly with sincerity and integrity, and bring the bilateral relationship back on track of stable and sound development at an earl

RCEP benefits minimal for India due to China's opaque trade practices: GTRI

India will not be able to reap greater benefits from the Regional Comprehensive Economic Partnership (RCEP) agreement due to widening trade deficits with member countries and China's opaque trade practices, think tank GTRI said in its report. In 2019, India decided not to join the RCEP bloc due to concerns about trade imbalances and its impact on the domestic industries. The RCEP pact, a kind of comprehensive free trade agreement (FTA), was negotiated among the 10 ASEAN member states -- Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam -- and their six free trade partners -- China, India, South Korea, Japan, New Zealand, and Australia). The countries account for about 30 per cent of the global gross domestic product (GDP) and trade and nearly half of the world's population. "Any benefits from RCEP would likely be minimal and incremental, especially considering China's opaque trade practices. India cannot have a bilateral FTA wit

India-China bilateral trade hits $10.7 billion in October, contracts 0.46%

Out of India's top 10 import partners, inbound shipments from the United Arab Emirates (UAE) grew at the fastest pace in October

China top import source for India during Apr-Oct, exports to China dip 9%

China was India's top import source with USD 65.89 billion, a 9.8 per cent year-on-year increase, worth of inbound shipments during the April-October period of this fiscal, according to the commerce ministry data. Exports to China, however, dipped by 9.37 per cent to USD 8 billion. During the period, the US emerged as the top export destination for the country with outbound shipments increasing by 6.31 per cent to USD 47.24 billion. During the period, the top 10 import sources of India were China, Russia, the UAE, the US, Iraq, Saudi Arabia, Indonesia, Korea, Switzerland and Singapore, the data showed. Imports from Russia rose by 8.85 per cent to USD 38.8 billion during April-October this fiscal from USD 35.65 billion a year ago. Similarly, the inbound shipments from the UAE rose by 55.12 per cent to USD 38.64 billion from USD 24.9 billion in the first seven months of the last fiscal. During the period, the top 10 export destinations of the country were the US, the UAE, the ...