A trade plan India is reportedly working on that is intended to increase shipments of about 200 products to China would shore up a major weak spot in India's exports to China amid escalating China-US trade tensions, a Chinese trade expert said on Thursday.
India, the second-largest tea producing country, is moving to expand its tea business in China, the motherland of the beverage and the largest producing country. There is big potential to export Indian tea to China, and there's also the possibility of exporting Chinese tea to India, Indian Ambassador to China Gautam Bambawale told the Global Times on Wednesday.
Chinese telecom giant Huawei Technologies Inc's recently announced three-year development plan for the Indian market could help the company mitigate a delicate situation with some Indian officials, who, following officials in the West, are reportedly concerned about Chinese companies' operations, analysts said on Sunday.
Chinese smartphone brands are the biggest winners in India's October holiday sale, beating foreign rivals and lifting the world's second-largest smartphone market to record sales, despite reported calls among some Indian officials to put restrictions on Chinese telecom firms' operations in the country due to security concerns.
US chipmaker Qualcomm has announced plans to build a multimillion-dollar plant in India, as the country moves to learn from China's reform and opening-up measures to attract foreign investment, analysts said.
India's rapid progress in catching up with China when it comes to attracting foreign investment shows its potential to become a global economic powerhouse, but whether India will be the next China in terms of economic growth depends on many factors, and how much help and investment it gets from China may be one of the first and foremost, analysts said.
India on Thursday began hiking import tariffs on 19 “non-essential items,” a move that experts said could hurt its consumers as well as Chinese and South Korean enterprises.
The decision runs counter to trade liberalization and facilitation, they noted.
The ongoing Sino-US trade dispute will provide a chance for China and India to strengthen their agricultural trade, which will help to address the trade imbalance between the two countries, experts said on Tuesday. But they cautioned that the high price of India's farming products is still a major obstacle.
Chinese tourism website ctrip.com is reportedly considering investing in Zomato, an India-based food delivery company, joining other big online Chinese names like Meituan Dianping and Alibaba, which have already invested in Indian food delivery companies. Experts say that as the trend of eating out rises in India, food delivery companies are grabbing market shares through unchecked money spending, which means they need capital from overseas investors. Chinese companies are being welcomed not only for their money but also for their success at home.
India's exclusion of Chinese telecom equipment companies from 5G trials will eventually hurt its own telecoms industry and is a move that follows the US in terms of politicizing business deals, experts said on Sunday.
The successor of Alibaba Group's founder Jack Ma Yun will not make big adjustments to the company's strategy in the Indian market after he takes over next year, but developments are yet to be seen, said an industry analyst.
Indian politicians should abandon concerns to embrace China-proposed Belt and Road (B&R) initiative as it would help the South Asian country's massive airport plan, experts said Wednesday.
As the Maldives celebrates the opening of the China-Maldives Friendship Bridge - a project Maldivians describe as the project of the century and a dream come true - there was no congratulations from its neighbor to the north. In fact, Indian officials and media, on the contrary, went out of their way to try and discredit the bridge.
China and India pledged on Tuesday to further strengthen ties between the two countries and their militaries.
Swedish furniture behemoth IKEA opened its first store in India on August 9, creating quite a buzz among local residents, with industry insiders looking forward to the multinational's expansion in one of Asia's fastest-growing economies. A rising middle class has become a major factor in attracting foreign companies like IKEA to invest in India, and two decades of experience in a neighboring emerging market may help it better understand local needs.
Wednesday was a memorable day for India, as it marked the anniversary of the country's independence from the British Empire in 1947. During the subsequent decades, India created an impressive economic miracle, lifting hundreds of millions of people out of poverty, but it has long been beset by a failure to achieve its manufacturing ambitions.
The Chinese Defense Ministry on Tuesday expressed opposition to the China-related contents in a new act adopted by the United States.
China and India have both achieved progress in their campaigns to build more hygienic toilets and enhance people's hygiene awareness in recent years. Restricted by its religion and culture, India's “Clean India” mission, however, is unlikely to hit target by the October 2019 deadline, when it hoped to put an end to open defecation. In comparison, China's “toilet revolution” has developed rapidly in the tourism industry, making marked progress in rural areas in particular. Experts said technology innovation is the key to driving change and mitigating the risks of water pollution.