China is recovering fast ahead of most large economies, but the recovery is still unbalanced and facing significant downside risks, the IMF has said, projecting an eight per cent growth rate for the world’s second largest economy in 2021. However, the main concern around the Chinese recovery that the International Monetary Fund (IMF) has is … Continue reading IMF says China recovering fast ahead of most big economies
Zhong Shanshan is setting new wealth records. The chairman of Nongfu Spring Co, a bottled-water company that’s ubiquitous in China, is now richer than Warren Buffett as his fortune surged $13.5 billion to $91.7 billion since the start of the year, according to the Bloomberg Billionaires Index.
The National Capital Region Transport Corporation (NCRTC) has awarded a contract to a Chinese company, Shanghai Tunnel Engineering Company Limited, for the construction of a 5.6-km underground stretch, from New Ashok Nagar to Sahibabad, of the Delhi-Meerut RRTS project. The NCRTC said the contract was awarded following the set procedure and guidelines.
China will take “necessary measures” to safeguard the interests of its companies after the New York Stock Exchange began delisting three Chinese telecom firms accused of having military ties, the country’s commerce ministry said on Saturday.
The growing disquiet over China could see oil investors headed to India, said N Vijayagopal, finance director at Bharat Petroleum Corp that PM Modi’s government has put up for sale. “The choices of investing in oil sector will be limited…Most of the Western countries will be very afraid of getting into China. So, where else … Continue reading Biggest asset sale to attract China-wary oil majors
India has drafted rules proposing tighter scrutiny of new foreign portfolio investors from China and Hong Kong, sources said, its latest effort to check foreign inflows during the coronavirus pandemic. The discussions come weeks after India said it will screen all foreign direct investment from countries with which it shares a land border.
A top economic advisor to US Prez Trump on Friday favoured giving tax incentives to American companies to move their economic base from China to America, amidst a new rift in the bilateral relationship over Beijing’s handling of the coronavirus crisis. The US has expressed disappointment over China’s handling of the pandemic which has claimed … Continue reading ‘Give tax benefits to cos to move to US from China’
Apple Inc reported sales and profits that beat Wall Street expectations on Thursday, with CEO Tim Cook saying China sales were “headed in the right direction” as the country reopens from the novel coronavirus. But Cook said it was impossible to forecast overall results for the current quarter because of uncertainty. Shares declined 2.4% to … Continue reading Apple Q1 sales inch higher despite coronavirus
PM Modi on Thursday discussed ways to attract investments with his top ministerial colleagues, paving the way for a comprehensive strategy paper to be formally cleared by the cabinet in the coming weeks. The PM had signalled to boost investments by capturing a part of the supply chain expected to move out of China looking … Continue reading PM signals push to attract cos that exit China
Say goodbye to the trial room. As brick-and-mortar shops are slowly being allowed to reopen in parts of India, malls and high street outlets are busy chalking out strategies with cues from China to make a comeback. For Indian consumers, this could mean a marked change in shopping experience once the lockdown ends.
Days after tweaking FDI rules, India on Thursday said no country should be worried about the new regulations. China has strongly objected to the change in rules, which makes it mandatory for countries sharing land boundary with India to invest through the government route.
A day after China’s outburst over the change in foreign direct investment policy, India on Tuesday hit back at its neighbour, saying the amendment did not violate any global commitment as it did not bar investments from across the border but only mandated prior screening of proposals.
The latest IMF forecast puts India as one of the fastest growing major economies even in the midst of the Covid-19 devastation, although it will be the slowest pace of expansion since the 1991 balance of payments crisis. IMF said China is expected to grow by 1.2% in 2020-21 and rebound to 9.2% next year. … Continue reading India to grow 1.9%, global eco to shrink 3%: IMF
The government has aggressively begun implementing a policy to ramp up local output and emerge as an alternate to China, according to people familiar with the plan who asked not to be identified as discussions are not public yet.
China’s central bank has acquired 1% stake in the country’s largest mortgage company HDFC, according to shareholding disclosures made by the corporation.
Luckin Coffee, China’s biggest rival to Starbucks, apologised on Sunday after it revealed a top executive may have faked 2.2 billion yuan ($ 310 million) worth of sales in 2019. “The company retains the right to take legal measures against those suspected to be involved, it will not shield them or be lenient,” Luckin Coffee … Continue reading Starbucks competitor Luckin apologises for fraud scandal
Air India will operate regular cargo flights between India and China from Friday (April 3) to transport “critical medical equipment and supplies”. The airline will establish a “cargo air-bridge” with China for the purpose.
Data released by commerce dept on Friday estimated rise in exports went up 2.9% to $37.5 billion in February, led by shipments of oilseeds, electronic goods and iron. But there were signs of a slowdown in segments such as iron ore, where China is a key market, with the growth rate moderating to 38% in … Continue reading Exports rise for first time in seven months
So with the coronavirus illness that broke out in China going global, hoteliers are not very worried about its impact on the business as foreign travellers do not account for the bulk of their clientele. The ratio between foreign and local guests has changed from 50:50 in the past to 30:70 now. However, virus spreading … Continue reading Desi guests keep hoteliers smiling
The trade impact of the coronavirus epidemic for India is estimated to be about $348 million. Among the most affected economies are the European Union ($15.6 billion), the United States ($5.8 billion), Japan ($5.2 billion), South Korea ($3.8 billion), Taiwan Province of China ($2.6 billion) and Vietnam ($2.3 billion).
Major international airline Emirates is asking staff to take unpaid leave for up to a month at a time due to the rapidly spreading coronavirus that has led to flight cancellations around the world. Emirates has cancelled flights to Iran, Bahrain and to most of China because of the virus.
The coronavirus epidemic can impact India’s March quarter GDP (gross domestic product) growth by 0.20 per cent as imports from China for crucial sectors have got affected, a foreign brokerage said on Monday.
Indian automakers Mahindra and Mahindra Ltd and Tata Motors said on Sunday their supply of parts from China had been hit, as fallout from the coronavirus outbreak mounts.
[Hook: TUT] I’m back on this microphone Y’all don’t even understand what kind of life I’m on Walking through the valley with my Nikes on Prophecy – I had to go and get my psyche on Damn that nigga TUT and K be making songs I remember making plays inside of vacant homes Make the … Continue reading Ygtut – Prophecy Lyrics
The market for mobiles’ accessories and other electronics devices has started to feel the pinch of the coronavirus outbreak as restricted supplies from China are resulting in shortages on the retail front, adding to woes for sellers.
[Verse 1] Zacharia Zacharia Anxiety messiah You’re a bad babysitter But good at being quiet Zacharia Zacharia, Zacharia [Verse 2] Yeah it’s cheap, it came from china Your stomach liner You’re the kind that gets weak at the knees And you ramble when you start to speak [Chorus] Zacharia, liar I feel where you’re coming … Continue reading Bad Sounds – Zacharia Lyrics
[Verse Jimmy P] Todas fazem cara feia Tu tens o ritmo da selva nas veias Ao teu lado elas sabem que não passam do resto O balancé das tuas ancas em nada é modesto E quando esse booty faz um all around Todos ficam c’os olhos em bico, china town Se alinhas all good baby … Continue reading Jimmy P. – Vais Alinhar Lyrics (feat. Djodje & Nelson Freitas)
Desde el campo en que he nacido Vengo a echar una visteada A la fiesta de mi rancho Rebosante de ilusión A las mujeres bonitas Traigo flores perfumadas Y a los charros cumplidores Traigo mi mejor canción Ay, que bonita es la fiesta del rancho Donde huelo al aire puro A retama y a limos … Continue reading Pedro Infante – Fiesta Mexicana Lyrics
The government is going to seek a relaxation in rules for classification of bank loans to a certain set of companies as a “sub-standard” asset, citing difficulties faced by them. These entities are engaged in export and import, or are those that depend on raw materials and inputs, from China where businesses have been impacted … Continue reading NPA relief likely for cos hit by coronavirus
Air India and IndiGo have extended their flight suspension to China. AI’s Delhi-Hong Kong daily and Delhi-Shanghai (six times a week) have now been suspended up to June 30, instead of the earlier expected resumption in March-end. Similarly, IndiGo’s Chengdu and Guangzhou flights have been suspended till June 14.