China
Chinese firm to develop huge Bolivian lithium deposit
Bolivian President Luis Arce said the Catl-led consortium was launching the "historic" industrialisation of lithium in Bolivia. More than $1 billion will be invested in the project's first phase, he said. Australia and Chile are the world's biggest lithium producers, but Bolivia has huge reserves in the Potosi and Oruro salt flats. Technical hurdles and a lack of infrastructure have long delayed the extraction of lithium in Bolivia,
ChatGPT demand on Google hits a record high, China takes top interest
Social media giant Tencent opted to remove ChatGPT-related programmes from the WeChat platform. It's worth mentioning that ChatGPT has yet to be officially available in the country. According to data acquired by Finbold, global Google searches for the word aChatGPT' have spiked to hit a popularity score of 92.
iPhone manufacturing in India to reach 50% by 2027
According to estimates by DigiTimes research analysts Luke Lin, India and Vietnam are to become the biggest beneficiaries of smartphone supply chain migration out of China. Lin stated that India accounted for 10-15 per cent of iPhones' overall production capacity at the end of 2022, but the actual output so far has been less than 5 per cent.
China's economic recovery needs a stimulus package: S&P Global
According to the report, China's consumption recovery remained soft entering January and with a high baseline in the first quarter of 2022, a continuous weakness in the first quarter of 2023 is expected. A sharp rebound is expected in the second quarter of the current year.
Goyal warns of strict action against those found involved in corruption
In his speech, Goyal directed the Secretary, Department of Food and Public Distribution to monitor the transformation of FCI and Central Warehousing Corporation every week and to update him on the status on a fortnightly basis. He said strict action has to be taken against the officials who do not cooperate with or delay the transformation process.
Piyush Goyal calls upon countries of Global South to help build resilient supply chains
Addressing the virtual Voice of the Global South summit, Piyush Goyal said that India is providing unilateral duty-free market access to least-developed countries (LDCs) since 2008 through the duty-free tariff preference (DFTP) scheme, and therefore it is also open to enter into preferential trade agreements (PTAs) with interested countries in the South.
China to take 'golden shares' in two of its biggest tech firms Alibaba and Tencent
Beijing's move marks a shift away from imposing hefty fines and sanctions in its two-year tech crackdown, which was launched after Alibaba founder Jack Ma criticised regulators. The crackdown has proved tumultuous for Chinese tech firms, with billions wiped off their value, and moves including blocking the flotation of Ma's financial services firm, Ant Group, which would have been the world's biggest IPO, The Guardian reported.
We are looking at much bigger ambitions in our trade with US: Piyush Goyal
India and the US have decided to focus instead on greater market access, ease of doing business between the two countries and a larger footprint regarding trading, investment and business, the Minister said on Wednesday. Two specific targets for this elevated engagement were semiconductors and defence production.
Piyush Goyal mocks 'mini' trade deal with US, concedes no FTA on offer
India and the US have decided to focus instead on greater market access, ease of doing business between the two countries and a larger footprint regarding trading, investment and business, the Minister said on Wednesday. Two specific targets for this elevated engagement were semiconductors and defence production.
Infra, semiconductor, domestic manufacturing some strategic priority sectors: Piyush Goyal
In his address at the 27th edition of Wharton India Economic Forum, held virtually, with the theme of India leading innovation in the age of uncertainty, Goyal, citing the most impactful economic reforms that will pave the way for India's growth story in coming years, said a lot of structural changes that have taken place in the last eight years have had a significant impact on the way the Indian economy is poised to take off.
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