China
China was largest recipient of FDI in 2020: Report
The United States came second with $134 billion, the United Nations Conference on Trade and Development (UNCTAD) said in a report released on Sunday. In 2019, the United States had received $251 billion in inflows and China got $140 billion.
Govt formulating new action plan, Chinese telecom giants could be out of game
With an aim to protect India's essential national security interests, a committee headed by the Deputy National Security Advisor (Dy NSA) will soon clear all equipment and gadgets, including 5G mobile networks and supply chains.
Jack Ma makes first public appearance since Oct, keeps mum over his feud with Chinese regulators
Jack Ma, China’s most famous entrepreneur who is also known for his quirky lifestyle was seen addressing teachers via live stream during an annual event he hosts to recognize rural educators. In a video of the even that has been circulated widely online, Ma talked about how he will spend more time on philanthropy.
Expert sees high-quality development of China's economy
The country is expected to be the only major economy to post growth in the pandemic-ravaged year, according to the National Bureau of Statistics (NBS). The latest World Economic Outlook report released by the Organization for Economic Cooperation and Development predicts that China will contribute more than one-third of global economic growth in 2021.
Chinese economy grows 2.3% in 2020 , slowest in over four decades
Beijing on Monday reported a gross domestic product (GDP) increase of 6.5 per cent in the fourth quarter of 2020. However, the National Bureau of Statistics warned of a "grave and complex environment both at home and abroad", with the pandemic having a "huge impact".
China may nationalise Jack Ma's Alibaba and Ant Group: Reports
This development has come at a time when the Chinese government is initiating an investigation against Ant Group. On January 24, Jack Ma had delivered a speech in which he criticised the Chinese bureaucratic system. He alleged that it stifled innovation and equated banking regulations with an "Old people's club".
China recovering fast, 8% growth likely in 2021: IMF
However, the recovery is still relying mostly on public support. Private investment has strengthened recently, but consumption is lagging. Growth rates and consumption recently have been higher, but the level of consumption compared to its pre-crisis trend is still rather low
NYSE says no longer intends to delist 3 Chinese telecom players
Meanwhile, the NYSE Regulation division will continue to evaluate the applicability of a federal government's executive order to the issuers and their continued listing status, said the NYSE. The NYSE said last week that it has started the process of delisting the American Depositary Shares (ADSs) issued by the three telecom firms, invoking an executive order signed in November 2020.
Traders' body plans to reduce Chinese imports to Rs 1 lakh cr in 2021
In a statement, the traders' body said it would run a programme this year to "liberate" the country's e-commerce business from the clutches of foreign companies. "As part of its 'Boycott Chinese Goods' campaign from June 10, 2020, the CAIT has set the target of bringing down imports from China by Rs 1 lakh crore by the end of this year," the traders' body added.
New York Stock Exchange starts delisting 3 Chinese telco giants
The decision to delist the three Chinese companies was taken in order to comply with an executive order signed by US President Donald Trump on November 12, NYSE said on Thursday. The order targets companies believed to be affiliated with China's military.
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