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Alibaba Group founder Jack Ma met with 100 rural teachers in China via a video meeting on Wednesday, local government media reported, making the businessman’s first appearance in public since October last year. Ma has resurfaced after months out of public view, quashing intense speculation about the plight of the billionaire grappling with escalating scrutiny … Continue reading Jack Ma makes first public appearance since Oct

The Centre is in no rush to approve investments from neighbouring countries, despite a rising backlog of proposals worth over Rs 12,000 crore from China. The tense border standoff with China had prompted the Centre to clamp down on investments from neighbouring countries by insisting on approvals even if the sector was on the so-called … Continue reading Chinese investments worth Rs 12,000 cr await nod

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

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

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.

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

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.

Supplies of electronics feel the pinch

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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.