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NRIPage | Articles | #china-economy | Get Latest Political News & Updates, Sports News, Latest NRI News & Updates, Latest International News & Updates in India, USA & other countries around the world in - NRI Page
China has officially approved the construction of what is set to be the world's largest hydropower dam, located on the Yarlung Zangbo River in Tibet. This ambitious project, which will span the lower reaches of the river, is expected to generate 300 billion kilowatt-hours of electricity annually, far surpassing the Three Gorges Dam's output of 88.2 billion kWh. The new dam is also seen as a significant step toward China’s goals of carbon peaking and carbon neutrality, alongside
China has officially approved the construction of what is set to be the world's largest hydropower dam, located on the Yarlung Zangbo River in Tibet. This ambitious project, which will span the lower reaches of the river, is expected to generate 300 billion kilowatt-hours of electricity annually, far surpassing the Three Gorges Dam's output of 88.2 billion kWh. The new dam is also seen as a significant step toward China’s goals of carbon peaking and carbon neutrality, alongside
Raghuram Rajan, former Governor of the Reserve Bank of India (RBI), has linked corruption under the UPA government as the primary cause of non-performing assets (NPAs) in Indian banks. In a recent interview, Rajan explained that following the global financial crisis, several projects began facing severe delays due to corruption scandals, land acquisition issues, and other regulatory obstacles. These factors, he argued, significantly contributed to the rise of NPAs.
Rajan praised the
Raghuram Rajan, former Governor of the Reserve Bank of India (RBI), has linked corruption under the UPA government as the primary cause of non-performing assets (NPAs) in Indian banks. In a recent interview, Rajan explained that following the global financial crisis, several projects began facing severe delays due to corruption scandals, land acquisition issues, and other regulatory obstacles. These factors, he argued, significantly contributed to the rise of NPAs.
Rajan praised the
Pakistan, a country grappling with terrorism, political instability, and economic challenges, has once again found itself in a precarious diplomatic situation with its long-time ally, China. The latest controversy centers around Pakistan's attempt to negotiate over the use of Gwadar port in Balochistan, which is part of the ambitious China-Pakistan Economic Corridor (CPEC). During a high-level meeting, Pakistan reportedly demanded that China provide a second-strike nuclear capability in e
Pakistan, a country grappling with terrorism, political instability, and economic challenges, has once again found itself in a precarious diplomatic situation with its long-time ally, China. The latest controversy centers around Pakistan's attempt to negotiate over the use of Gwadar port in Balochistan, which is part of the ambitious China-Pakistan Economic Corridor (CPEC). During a high-level meeting, Pakistan reportedly demanded that China provide a second-strike nuclear capability in e
A Chinese court has ruled that Li, a man involved in a complicated breakup, is not required to return a 300,000 Yuan (₹3.2 crore) gift given to him by his ex-girlfriend, Xu. The unusual legal case, which has gained significant attention, centers on the couple's tumultuous relationship. Li and Xu had been in a stable relationship since 2018 until 2020, when Li discovered that Xu had an affair with his nephew. The revelation led to a breakup, but Xu later transferred a large sum of money
A Chinese court has ruled that Li, a man involved in a complicated breakup, is not required to return a 300,000 Yuan (₹3.2 crore) gift given to him by his ex-girlfriend, Xu. The unusual legal case, which has gained significant attention, centers on the couple's tumultuous relationship. Li and Xu had been in a stable relationship since 2018 until 2020, when Li discovered that Xu had an affair with his nephew. The revelation led to a breakup, but Xu later transferred a large sum of money
India and China have reached a significant agreement on six points to resolve their long-standing border issues. This agreement was made during a meeting between National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi, marking the first Special Representative-level discussions since the 2020 border clashes. Key points of the agreement include maintaining peace at the border, cross-border tourism in Tibet, resuming Kailash Mansarovar Yatra, and boosting Nathu La border trade.
India and China have reached a significant agreement on six points to resolve their long-standing border issues. This agreement was made during a meeting between National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi, marking the first Special Representative-level discussions since the 2020 border clashes. Key points of the agreement include maintaining peace at the border, cross-border tourism in Tibet, resuming Kailash Mansarovar Yatra, and boosting Nathu La border trade.
India and China’s Special Representatives for the border mechanism, National Security Advisor Ajit Doval and Foreign Minister Wang Yi, met in Beijing on Wednesday to discuss a wide range of issues, including peace management along the Line of Actual Control (LAC) and the restoration of bilateral ties. These ties had been severely impacted by the military standoff in eastern Ladakh, which began in May 2020, following a deadly clash in Galwan Valley.
The meeting, marking the 23r
India and China’s Special Representatives for the border mechanism, National Security Advisor Ajit Doval and Foreign Minister Wang Yi, met in Beijing on Wednesday to discuss a wide range of issues, including peace management along the Line of Actual Control (LAC) and the restoration of bilateral ties. These ties had been severely impacted by the military standoff in eastern Ladakh, which began in May 2020, following a deadly clash in Galwan Valley.
The meeting, marking the 23r
China has expanded its visa-free transit policy, allowing travelers from 54 eligible countries, including the United States, Canada, and several European and Asian nations, to stay in the country for up to 10 days (240 hours) without a visa. This move is part of China's effort to boost international tourism and revive its economy post-pandemic.
Eligibility:
Passport holders from 54 countries, including the U.S., Canada, Germany, France
China has expanded its visa-free transit policy, allowing travelers from 54 eligible countries, including the United States, Canada, and several European and Asian nations, to stay in the country for up to 10 days (240 hours) without a visa. This move is part of China's effort to boost international tourism and revive its economy post-pandemic.
Eligibility:
Passport holders from 54 countries, including the U.S., Canada, Germany, France
Finance Minister’s View on GDP Growth:
In a recent statement, Finance Minister Nirmala Sitharaman addressed the lower-than-expected growth in India’s GDP for the September quarter, calling it a "temporary blip." She emphasized her confidence that India’s economy will regain strong growth in the upcoming quarters. Despite the slowdown in the second quarter, she highligh
Finance Minister’s View on GDP Growth:
In a recent statement, Finance Minister Nirmala Sitharaman addressed the lower-than-expected growth in India’s GDP for the September quarter, calling it a "temporary blip." She emphasized her confidence that India’s economy will regain strong growth in the upcoming quarters. Despite the slowdown in the second quarter, she highligh
China, the world's second-largest economy, is working to recover from the effects of its three years of pandemic isolation. In a bid to attract more international visitors and boost its economy, China recently announced an expansion of its visa-free transit policy. The new policy, which is effective immediately, allows travelers from 54 countries, including the US, Canada, and several European and Asian nations, to stay in parts of China for up to 10 days.
Previously, the visa-f
China, the world's second-largest economy, is working to recover from the effects of its three years of pandemic isolation. In a bid to attract more international visitors and boost its economy, China recently announced an expansion of its visa-free transit policy. The new policy, which is effective immediately, allows travelers from 54 countries, including the US, Canada, and several European and Asian nations, to stay in parts of China for up to 10 days.
Previously, the visa-f
Robots are increasingly becoming a part of everyday life, and in a groundbreaking development, China has introduced an advanced AI-powered spherical police robot known as RT-G. Developed by Logon Technology, the RT-G is designed to go beyond traditional surveillance and actively pursue and apprehend suspects. Unlike many Western models focused on monitoring, this robot can chase criminals, shoot nets, and even withstand falls from heights.
The RT-G robot is equipped with advanced se
Robots are increasingly becoming a part of everyday life, and in a groundbreaking development, China has introduced an advanced AI-powered spherical police robot known as RT-G. Developed by Logon Technology, the RT-G is designed to go beyond traditional surveillance and actively pursue and apprehend suspects. Unlike many Western models focused on monitoring, this robot can chase criminals, shoot nets, and even withstand falls from heights.
The RT-G robot is equipped with advanced se
In a significant statement made in the Rajya Sabha, External Affairs Minister S. Jaishankar highlighted the need for peace and tranquility in the border areas as a prerequisite for improving bilateral ties with China. He emphasized that both nations will engage in discussions on de-escalation and managing activities in these areas in the near future. Jaishankar shared that disengagement has been fully completed in eastern Ladakh, particularly in the regions of Depsang and Demchok.
J
In a significant statement made in the Rajya Sabha, External Affairs Minister S. Jaishankar highlighted the need for peace and tranquility in the border areas as a prerequisite for improving bilateral ties with China. He emphasized that both nations will engage in discussions on de-escalation and managing activities in these areas in the near future. Jaishankar shared that disengagement has been fully completed in eastern Ladakh, particularly in the regions of Depsang and Demchok.
J
In a significant escalation of trade tensions, China announced on Tuesday that it would ban the export of several key materials, including gallium, germanium, and antimony, to the United States. These materials are vital for high-tech applications, including advanced electronics and military technologies. The Chinese Commerce Ministry's decision follows a recent expansion of the U.S. “entity list,” which now includes 140 Chinese companies—many based in China, though some
In a significant escalation of trade tensions, China announced on Tuesday that it would ban the export of several key materials, including gallium, germanium, and antimony, to the United States. These materials are vital for high-tech applications, including advanced electronics and military technologies. The Chinese Commerce Ministry's decision follows a recent expansion of the U.S. “entity list,” which now includes 140 Chinese companies—many based in China, though some
External Affairs Minister S. Jaishankar addressed the Lok Sabha on Tuesday, providing an update on the current state of India-China relations, which have seen improvement following the tensions that arose from the 2020 military clash in eastern Ladakh. The clash, which resulted in fatalities on both sides, marked a significant deterioration in the two countries' ties, making the situation "abnormal" until recent diplomatic efforts led to progress.
Jaishankar explained
External Affairs Minister S. Jaishankar addressed the Lok Sabha on Tuesday, providing an update on the current state of India-China relations, which have seen improvement following the tensions that arose from the 2020 military clash in eastern Ladakh. The clash, which resulted in fatalities on both sides, marked a significant deterioration in the two countries' ties, making the situation "abnormal" until recent diplomatic efforts led to progress.
Jaishankar explained
The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to maintain the status quo on the benchmark repo rate at 6.5% in its upcoming meeting from December 4 to 6. Despite India's GDP growth slowing to 5.4% in the July-September quarter, economists suggest that inflation concerns will likely take precedence, making a rate cut unlikely in December. Retail inflation rose to 6.2% in October, exceeding the RBI’s target range of 2-6%.
Though a repo rate cu
The Reserve Bank of India’s Monetary Policy Committee (MPC) is expected to maintain the status quo on the benchmark repo rate at 6.5% in its upcoming meeting from December 4 to 6. Despite India's GDP growth slowing to 5.4% in the July-September quarter, economists suggest that inflation concerns will likely take precedence, making a rate cut unlikely in December. Retail inflation rose to 6.2% in October, exceeding the RBI’s target range of 2-6%.
Though a repo rate cu
President-elect Donald Trump has vowed to impose a 25% tariff on all goods imported from Mexico and Canada, set to take effect on his first day in office, January 20. The new tariffs are expected to have severe implications for American consumers, including higher prices on everyday products such as gasoline, produce, cars, and alcohol. Mexico, now the US’s top trading partner, and Canada, a major supplier of oil and agricultural products, will be significantly impacted by these tariffs
President-elect Donald Trump has vowed to impose a 25% tariff on all goods imported from Mexico and Canada, set to take effect on his first day in office, January 20. The new tariffs are expected to have severe implications for American consumers, including higher prices on everyday products such as gasoline, produce, cars, and alcohol. Mexico, now the US’s top trading partner, and Canada, a major supplier of oil and agricultural products, will be significantly impacted by these tariffs
China has issued a strong warning against escalating trade tensions with the United States after President-elect Donald Trump vowed to impose significant tariffs on goods from China and other countries. Trump’s proposed tariffs are a response to concerns over illegal drug trade and immigration, with a particular focus on China's role in the fentanyl smuggling issue.
Liu Pengyu, spokesperson for the Chinese embassy in the United States, reiterated that China views US-China
China has issued a strong warning against escalating trade tensions with the United States after President-elect Donald Trump vowed to impose significant tariffs on goods from China and other countries. Trump’s proposed tariffs are a response to concerns over illegal drug trade and immigration, with a particular focus on China's role in the fentanyl smuggling issue.
Liu Pengyu, spokesperson for the Chinese embassy in the United States, reiterated that China views US-China
At the 2024 Zhuhai Airshow, China presented a range of cutting-edge military technology, reaffirming its growing strength in defense and its ambition to be a global leader in military innovation. The biennial event, which attracts industry leaders and military experts from around the world, was a key platform for China to display new advancements in weapons, aircraft, and naval systems.
Among the highlights was the J35-A Stealth Fighter, China's second stealth fighter after the
At the 2024 Zhuhai Airshow, China presented a range of cutting-edge military technology, reaffirming its growing strength in defense and its ambition to be a global leader in military innovation. The biennial event, which attracts industry leaders and military experts from around the world, was a key platform for China to display new advancements in weapons, aircraft, and naval systems.
Among the highlights was the J35-A Stealth Fighter, China's second stealth fighter after the
US President-elect Donald Trump’s proposed H-1B visa restrictions could have significant implications for India's economy. A report by the State Bank of India (SBI) suggests that while stricter visa rules might increase costs for Indian IT firms operating in the US, they could also encourage India to focus more on domestic manufacturing and economic independence. This potential shift aligns with Prime Minister Narendra Modi’s Atmanirbhar Bharat (self-reliant India) initiative,
US President-elect Donald Trump’s proposed H-1B visa restrictions could have significant implications for India's economy. A report by the State Bank of India (SBI) suggests that while stricter visa rules might increase costs for Indian IT firms operating in the US, they could also encourage India to focus more on domestic manufacturing and economic independence. This potential shift aligns with Prime Minister Narendra Modi’s Atmanirbhar Bharat (self-reliant India) initiative,
India's Nifty 50 index has entered the correction zone, falling over 10% from its peak in late September. This decline comes as foreign investors continue their record-level selloff of domestic stocks, triggering broad market losses. On Tuesday, the Nifty 50 dropped by 1.4%
India's Nifty 50 index has entered the correction zone, falling over 10% from its peak in late September. This decline comes as foreign investors continue their record-level selloff of domestic stocks, triggering broad market losses. On Tuesday, the Nifty 50 dropped by 1.4%
Donald Trump’s presidential appointments of Marco Rubio and Mike Waltz mark a decisive shift in U.S. foreign policy, particularly in relation to China. Rubio, tapped as Secretary of State, and Waltz, named National Security Advisor, represent a hawkish approach to international relations, one that sharply contrasts with
Donald Trump’s presidential appointments of Marco Rubio and Mike Waltz mark a decisive shift in U.S. foreign policy, particularly in relation to China. Rubio, tapped as Secretary of State, and Waltz, named National Security Advisor, represent a hawkish approach to international relations, one that sharply contrasts with