Tag: China

India engineering goods exports jump to $82 billion during April-December 2021

NEW DELHI: Exports of Engineering Goods jumped to USD 81.8 billion during April-December 2021 (Provisional) as compared to USD 52.9 billion during same period in the previous year (2020), registering a stupendous growth of 54%. Engineering Goods sector constitutes the largest, more than 27%, share of India’s total exports basket during the period. As compared […]

Former RBI Governor Urjit Patel appointed Vice President of AIIB

NEW DELHI: Former RBI Governor Urjit Patel has been appointed as a Vice President of the Beijing-based multilateral funding institution AIIB, according to sources in the bank on Sunday. India is a founding member of the Asian Infrastructure Investment Bank (AIIB) with the second highest voting share after China. It is headed by former Chinese […]

CAIT pegs Rs 50,000 crore losses to Chinese exporters this Diwali

NEW DELHI: Trader’s body CAIT on Friday said it estimates Chinese exporters to suffer business losses worth Rs 50,000 crore this Diwali season due to its boycott call. The Confederation of All India Traders (CAIT) also expects that consumers may spend about Rs 2 lakh crore during the Diwali festival sale period. “Like previous year, […]

World’s richest 500 lose $135 billion as Evergrande concerns spark market rout

By Tom Maloney & Blake Schmidt A global rout in stock markets sparked by concerns over China Evergrande Group hit the world’s biggest fortunes Monday, with the richest 500 people losing a combined $135 billion. Tesla Inc.’s Elon Musk led the declines as his world-leading net worth fell $7.2 billion to $198 billion, according to […]

Indian startups raise USD 16.9 billion VC funding in 2021, next only to China

NEW DELHI: Indian startups got USD 16.9 billion of venture capital funding in 2021, next only to Chinese counterparts in the Asia-Pacific (APAC) countries, GlobalData said Friday. “Despite the third wave of COVID-19 pandemic looming large and slow economic recovery, venture capital (VC) investors seem to be reposing faith in the Indian startup ecosystem. In […]

China launches first bullet train in Tibet, close to Indian border

BEIJING: China on Friday operationalised its first fully electrified bullet train in the remote Himalayan region of Tibet, connecting the provincial capital Lhasa and Nyingchi, a strategically located Tibetan border town close to Arunachal Pradesh. The 435.5-km Lhasa-Nyingchi section of the Sichuan-Tibet Railway has been inaugurated ahead of the centenary celebrations of the ruling Communist […]

Chinese President Xi Jinping writes to Narendra Modi, offers help to fight Covid-19 surge

NEW DELHI: Chinese President Xi Jinping on Friday sent a message of condolences to Prime Minister Narendra Modi over the coronavirus pandemic in India and offered to provide support and help to deal with the current surge of COVID-19 cases in the country. President Xi sent a message of condolences to Prime Minister Modi over […]

China opens 5G station at world’s highest radar location near Tibet border

BEIJING: China has opened a 5G signal base at the Ganbala radar station in the remote Himalayan region of Tibet which is the world’s highest manually operated radar station at an elevation of 5,374 meters, the Chinese military’s official website reported on Monday. The mountain is located in Nagarze County in Tibet which is in […]

China’s liquor company starts beer production in Balochistan; to cater to Chinese workers in Pakistan

By Sajjad Hussia ISLAMABAD: A Chinese liquor company which was granted a licence in 2018 for making beer has formally started production at its plant in Pakistan’s Balochistan province, the first such alcohol firm from China to establish its unit in the Islamic nation, according to media reports on Wednesday. Hui Coastal Brewery and Distillery […]

China to connect Tibet with high-speed bullet trains before July: Official

BEIJING: China will operate bullet trains to Tibet, close to the Indian border in Arunachal Pradesh before July this year, marking the opening of high-speed train services to all Chinese mainland provincial-level regions, a senior official has said. A 435-km rail link to the regional capital of Lhasa will run Fuxing high-speed trains powered by […]

We must continue to trade with China: Bajaj Auto MD Rajiv Bajaj

NEW DELHI: Favouring continuation of trade with China, Bajaj Auto Managing Director Rajiv Bajaj on Saturday said goods should be procured from wherever they are most competitively available. He was speaking at a session on ‘Building Reliable Supply Chain’ at the second day of the three-day virtual Asia Economic Dialogue 2021, jointly convened by the […]

China says China, US and Europe should work together to uphold multilateralism

BEIJING: China, the United States and Europe should work together to uphold multilateralism, after US President Joe Biden called for democracies to coordinate their approach to China, foreign ministry spokesman Wang Wenbin said at a briefing on Monday. Biden on Friday drew a sharp contrast with the foreign policy of his predecessor, Donald Trump, and […]

India will spend $130 billion on military modernisation says Rajnath Singh amid border row with China

BENGALURU: India is vigilant in the face of attempts to change status quo at its border and prepared to defeat any misadventures to defend its territorial integrity, Defence Minister Rajnath Singh said on Wednesday, amid the continued military standoff with China. “We have long witnessed unfortunate attempts to employ force to change the status quo at […]

China says 16 Chinese COVID-19 vaccines undergoing clinical trials

By K J M Varma BEIJING: As the demand for the COVID-19 vaccine intensified around the world, China said that it has increased the number of vaccines undergoing clinical trials to 16 from 11 to step up supplies at home and abroad. China is conducting clinical trials of 16 COVID-19 vaccines, seven of which have […]

India launches coronavirus vaccination drive, the world’s largest

NEW DELHI:The Prime Minister of India Narendra Modi launched the pan India rollout of COVID-19 vaccination drive via video conferencing today. This is the world’s largest vaccination program covering the entire length and breadth of the country. A total of 3006 session sites across all States and Union Territories (UTs) were virtually connected during the […]

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