While the falling economy continues to be one of the main issues for China and now its extreme weather conditions may open the gate of the food security crisis, Federico Giuliani wrote in InsideOver. China’s Meteorological Administration had predicted that the deadly El Nino is gripping it in the coming weeks and months will lead […]
China’s industrial outcome grew 3.5 per cent in May, compared to the previous year, official data showed on Thursday, reported news agency Reuters. According to the report, May’s growth was labeled the slowest growth since February. Analysts surveyed by Reuters had predicted output growth to cool to 3.6 per cent from 5.6 per cent in […]
India will soon overtake China as the largest driver of global oil demand, International Energy Agency (IEA) chief Fatih Birol said on Wednesday, according to Reuters. Birol made this statement during a G20 event in New Delhi, emphasizing the “rapid growth of electrification in cars and buses in China as one of the reasons behind […]
China’s factory gate prices reduced at the fastest pace in seven years in May 2023 and quicker than forecasts as demand weighed on a slowing production sector and affected the fragile economic recovery, Gulf Today reported. Factory-gate price is the price at which a factory sells goods to wholesalers. China has been tackling a sharp […]
Recent data indicates that the United States imports fewer Chinese goods as Western companies shift their supply chains away from China, a media report said. Chinese products, which comprise the largest share of low-cost Asian imports in the US, are expected to drop below 50 per cent for the first time in over 10 years, […]
As the rest of the world teeters on the brink of recession, the last thing Western policymakers want is for China, the biggest driver of global economic growth since the 2008 financial crisis, to have a lopsided recovery. But that is what is unfolding, DW reported. China’s imports contracted sharply in April by 7.9 per […]
Airbus has announced plans for a second final-assembly line in China, the latest sign that it has a lock on the key aviation market over rival Boeing, CNN Business reported. The announcement came as part of a state visit by French President Emmanuel Macron to China. The signing of the agreement by Airbus CEO Guillaume […]
iPhones made in India increased in volume and value last year as Apple moved to shift some of its production away from China to diversify its supply chain, South China Morning Post reported. In 2022, the shipment volumes of iPhones manufactured in India increased by 65 per cent year on year. In addition, the value […]
China has approved 27 foreign video games, including titles to be released by Tencent, NetEase and Bilibili, as it gradually reopens the world’s largest mobile entertainment market to international titles, CNN Business reported. It was the second batch of foreign games to be allowed to enter the Chinese market since December. The latest titles include […]
The Government of India has made sustained efforts to achieve a more balanced trade with China, including bilateral engagements to address the non-tariff barriers on Indian exports to China, Union Minister Rao Inderjit Singh told the Rajya Sabha on Monday. In a written reply to a query, Singh, Minister of State (Independent Charge) for the […]
