Experts see India as global hub for manufacturing, services amid ‘China plus one’ strategy
India’s growth potential continues to capture global attention, with top economists and trade experts forecasting strong medium to long-term prospects for the country across various sectors, particularly manufacturing and services. Speaking with CNBC-TV18, Robert Lawrence, Professor of International Trade and Investment at Harvard Kennedy School, praised the significant improvements in India’s infrastructure, highlighting how services […]
Tamil Nadu’s electronics and automotive sectors thriving under China +1 strategy: Minister
Tamil Nadu’s Information Technology Minister P. Thiaga Rajan lauded the state’s burgeoning electronics and automotive sectors, pointing to the successful implementation of the China +1 strategy, which has encouraged manufacturers to diversify production away from China. “The electronics and automotive sector is doing well in Tamil Nadu, and the leather and shoes industry has seen […]
Outgoing Daimler Truck CEO Daum expects no recovery in China, Germany | Auto
Martin Daum, CEO, Daimler Truck 2 min read Last Updated : Oct 02 2024 | 9:57 PM IST A recovery in Chinese and German truck markets will not come quickly, Martin Daum, the outgoing CEO of the world’s biggest truck maker Daimler Truck , told a press event late on Tuesday. He […]
India begins anti-dumping probe on 6 products imported from China, including types of steel & polymers
In continuation of initiatives to curb the influx of cheap and substandard imports from China, India has begun a formal probe into the alleged dumping of six products based on complaints filed by domestic companies. The Directorate General of Trade Remedies (DGTR) under the Commerce Ministry will probe the alleged dumping of cold-rolled non-oriented electrical […]
Total Voting Rights – Fidelity China Special Situations Plc
01 October 2024 FIDELITY CHINA SPECIAL SITUATIONS PLC LEI: 54930076MSJ0ZW67JB75 TOTAL NUMBER OF VOTING RIGHTS AND CAPITAL This announcement is made in accordance with DTR 5.6.1 of the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules. During the month of September 2024, Fidelity China Special […]
China cuts key rate, frees up cash for banks to spur growth
China cut the amount of cash banks must keep in reserve Friday and lowered a key policy rate, as Beijing rolls out a strong stimulus package unveiled this week in a push to shore up the slowing economy and investor confidence. The People’s Bank of China’s 0.5 percentage point reduction to the reserve requirement ratio […]
Jamie Dimon warns of US dependence on China for critical resources amid rising global trade tensions | Q&A
Jamie Dimon, Chairman and CEO of JPMorgan Chase & Co, talked about the changing dynamics in global trade and national security, especially regarding the United States’ dependence on China. In an exclusive interview with CNBC-TV18, Dimon mentioned that the US has become too reliant on China for essential resources like rare earths, semiconductors, and pharmaceutical […]
China: 3 Reason Why the PBoC Put Won't Solve Underlying Economic Problems
China: 3 Reason Why the PBoC Put Won't Solve Underlying Economic Problems Source link
China Politburo vows to steady housing market, up fiscal support
President Xi Jinping and China’s top leaders called for sufficient fiscal spending, measures to stabilize the beleaguered property sector and “forceful” rate cuts, signaling a growing urgency to arrest the country’s growth slowdown. The 24-man Politburo vowed to complete the country’s annual economic goals, the official Xinhua News Agency reported Thursday. China will also push […]
China weighs $142 billion capital injection into top banks
China is considering injecting up to 1 trillion yuan ($142 billion) of capital into its biggest state banks to increase their capacity to support the struggling economy, according to people familiar with the matter. The funding will mainly come from the issuance of new special sovereign bonds, said the people, asking not to be identified […]