China
India Set to Outpace China and US in Economic Growth, USISPF Chairman John Chambers
Speaking at the Annual India Leadership Summit 2024, which USISPF had organized in New Delhi, Chambers complimented the speed at which India is moving forward under Prime Minister Narendra Modi's leadership.
There will be no change in policy on multi-brand retailing, Says Piyush Goyal in US
"If the need arises, we can relook at any of these or the government has the authority through cabinet approval to allow greater percentages (of foreign stakes in various sectors). Or we can go to Parliament and change it also, not a problem, though I don't think any of these requires parliamentary changes," Goyal said in response to a question at the Centre for Strategic and International Studies think-tank here.
Those Behind China's Growing Influence in Indian Industry Are Choosing to Defend China, Goyal
Slamming the previous Congress-led government, he said it was a matter of "shame" that India permitted sub-standard, opaquely-priced Chinese goods to flood Indian markets and slaughter Indian manufacturing.
China Bans PwC for 6 Months, Fines $62 Million Over ‘Audit Lapses’
China's finance ministry said that PwC China and the Guangzhou branch of the auditor knew "major mistakes" in the Evergrande audit from 2018 to 2020 but did not report them. The ministry report said it shut the Guangzhou branch of PwC China. PwC said in a statement: "we are disappointed by PwC Zhong Tian's (or PwC ZT) audit work of Hengda, which fell unacceptably below the standards we expect of member firms of the PwC network."???
India and China Discuss Civil Aviation Cooperation and Resumption of Direct Flights
Civil Aviation Minister K Rammohan Naidu, Civil Aviation Secretary Vumlunmang Vualnam, and other senior officials met representatives from China on the sidelines of the Asia Pacific Ministerial Conference on Civil Aviation in the national capital.
India's Concerns at WTO: China's Trade Deficit and Subsidies
The Geneva official underlined that India had reserved mentioning its huge bilateral trade deficit with China, the size and discomfort of which is growing over a lack of transparency in China's subsidy systems—factors that contribute to artificial prices and hurt local industries.
IMF revises China’s GDP growth to 5% in 2024, says growth may decelerate to 3.3% by 2029
“China's economic growth is projected to remain resilient at 5 per cent in 2024 and slow to 4.5 per cent in 2025,” stated Gita Gopinath, the IMF's First Deputy Managing Director, following the IMF's annual review of China's economic policies.
Escalating US-China Trade Tensions as Tariff Exclusions Expire for Numerous Chinese Goods
The Office of the United States Trade Representative (USTR) has now decided to further extend additional tariff duties on about half of the 429 products that came under such actions.
With neighbour like China, we have to learn to compete: EAM Jaishankar on India's Manufacturing Boost
The necessity for India to enhance its manufacturing capabilities to compete effectively on the global stage, particularly due to the competitive nature of international relations, especially with China as a neighbor, was an important one, he stressed. Jaishankar stated that self-reliance and building economic strength at home are fundamental to a robust foreign policy.
Chinese Investors' Demand for Fund Relocation Heightens Pakistan's Default Risk
In addition, Chinese investors are pressing for the clearance of $125 million in dividends owed to Chinese companies operating in Pakistan. These demands have sparked emergency discussions within the Pakistani government, as officials weigh their response carefully.
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