China
India to achieve $750 billion of exports in 2022-23: Piyush Goyal
Goyal said this on Monday while addressing the CII Partnership Summit in the national capital. The three-day summit got underway on Monday. "Sustainability has been at the core of G20 agenda for several years now, the core of all multilateral and bilateral engagements over the last few years, but for India, sustainability is a way of life," he said.
India-US goods & services trade doubled since 2014, surpasses $191 bn in 2022
Co-chaired by Goyal and Raimondo, the commercial dialogue is a part of ongoing efforts to strengthen US-India Comprehensive Global Strategic Partnership. Raimondo attended the meeting before leaving for the US on Friday. She had arrived in India on March 7 at the invitation of the Indian government.
Pakistan expects $1.3 bn in financing from China's ICBC in coming days
"All our formalities with the ICBC are complete as of last night. We returned them $1.3 billion in the last few months... They are giving it back and have renewed this facility," Dar said, adding that it is possible that $500 million will come in the next few days -- by Monday or Tuesday -- and a further $500 million within 10 days, Dawn reported.
China leading US in tech race: Report
China leads in 37 of 44 technologies tracked in a year-long project by thinktank the Australian Strategic Policy Institute. The fields include electric batteries, hypersonics and advanced radio-frequency communications such as 5G and 6G, the Guardian reported. The report said the US was the leader in just the remaining seven technologies such as vaccines, quantum computing and space launch systems.
Piyush Goyal: India can touch up to $40-trillion economy by 2047
Referring to the peculiar dynamics in Asia where there are economies which are both democracies and authoritarian, the Minister said that now India is clearly considered as the country of the decade, if not the country of the 21st century, in view of our strong macroeconomic fundamentals and the reforms of the past few years.
Chinese city pours $29 bn to build chips as India, US eye semiconductor dominance
Guangzhou's Industry Investment Fund of Funds (FoF) will focus on activities involving semiconductors, renewable energy and advanced manufacturing, reports the South China Morning Post. Meanwhile, the city's Innovation Investment Fund of Funds will target financing for early-stage hi-tech companies. "The city's funding effort would appear to raise the stakes for China.
China smartphone market shows recovery after worst 2022 sales
In four out of five weeks, the sales stayed above 6 million, a level seldom reached in 2022 when the pandemic haunted China's cities from time to time. The Chinese New Year season also started earlier than usual this year, helping the weekly sales walk out of the trough at the beginning of 2023, reports Counterpoint Research.
Chinese Internet firms log 1st revenue decline amid regulatory crackdown
According to the South China Morning POst, the combined revenue of Chinese Internet firms decreased 1.1 per cent to 1.46 trillion yuan ($217 billion) last year, marking a sharp contrast to double digit growth in the previous six years. The data by the Ministry of Industry and Information Technology showed that the internet services firms in ride-hailing, travel, financial and flat rental sectors were hit the hardest.
India top producer of millets, followed by Nigeria, Niger, China
Millets encompass a diverse group of small-grained, dryland cereals, including foxtail, barnyard and fonio, among others. As whole grains, millets are a good source of essential nutrients. These crops, rooted in ancient cultures and ancestral traditions, have long survived harsh growing conditions. Their climate resilience and adaptability offer opportunities for strengthening food security and bolstering economic growth.
Government urges big companies to handhold MSMEs
Addressing the fourth Plenary Session of B20 India Inception Meeting on "Building Resilient Global Value Chains" in Gandhinagar, he noted that MSMEs flourish around a larger unit or anchor. Citing an example, he said that as Apple's manufacturing plant comes up, thousands of MSME units flourish in the ecosystem as mini value chain suppliers to Apple.
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