Search Result for : China Trade

The Dollar Business Bureau Mergers and acquisitions (M&As) by Chinese firms in nations which are part of the Belt and Road Initiative (BRI) are rising, even as the Government cracks down on acquisitive conglomerates of China to limit capital outflows. The acquisitions by Chinese firms in 68 countries that are officially linked to the foreign policy of President Xi Jinping totaled around $33 billion till August 14, exceeding the $31 billion total count for the entire 2016, as per the data by Reuters. The BRI project, unveiled in 2013, is aimed at creating a modern-day ‘Silk Road’, which connect China by sea and land to Pakistan, Southeast Asia and Central Asia, and further to the Europe, Africa and Middle East. President Xi has ...

The Dollar Business Bureau The influential House Appropriations Committee in its report accompanying the annual Appropriations Bill 2018, said that several policies adopted by the Indian government to boost its economic growth, protect domestic manufacturing, actually discriminated against US exports and investments. 'India, while striving to improve its economic growth, has been enacting a series of policies to increase domestic manufacturing and protect domestic industries and agricultural production that discriminate against US exports and investment,' the Committee said. The report was prepared in conjunction with the US Commerce, Justice, Science and Related Agencies Appropriations Subcommittee that has several agencies under its control that combat gangs, drug trafficking, violent crime, terrorism espionage, financial fraud; enforcing trade laws; exploring science, space; managing fisheries etc. The Appropriations ...

Sheela Mamidenna Earlier in 2017, the Prime Minister Narendra Modi while addressing a geopolitical conference said, “Our economic and political rise represents a regional and global opportunity of great significance. It is a force for peace, for stability and an engine for regional and global prosperity. For my government, this has meant a path of international engagement focussed on building development partnerships that extend from the islands of the Indian Ocean and Pacific to the islands of the Caribbean and from the great continent of Africa to the Americas. Creating Indian narratives on global challenges.”  Well, for that matter, trade agreements play an important role in leveraging a country’s economic growth. Concurring to it, our globetrotting Prime Minister has made more than ...

The Dollar Business Bureau China's November imports grew at 6.7% year-on-year, the fastest pace in over two years, led by a strong pick up in domestic demand of commodities including coal and iron ore, while exports also rose marginally, thereby reflecting a pickup in Chinese and global markets demand. According to the latest data release, China’s exports grew 0.1% against a year ago period, confounding predictions of a 5% decline. Imports too defied expectations for a drop of 1.3% as predicted earlier. China's imports of major commodities including coal, copper, crude oil, iron ore and soybeans surged in November, notwithstanding a sharp decline in its Yuan currency. Demand in China’s major trade partners rose significantly, as the United States and Europe accounted for a ...

The Dollar Business Bureau Postal Savings Bank of China (PSBC) is planning to raise $7.4 billion in initial public offering (IPO) at Hong Kong bourse, which is estimated to be the biggest flotation in the world this year, according to reports. The listing is also said to be the largest since internet major Alibaba floated in 2014 in New York, raising $25 billion. However, the $7.4 billion valuation of the company is on the lower $8.1 billion mark, which it earlier hoped for, as analysts believe that demand for its stock is still lukewarm. PSBC will issue 12.1 billion shares at a value of HK$4.76 ($0.61) each, when it floats on September 28, on the Hong Kong bourse, Bloomberg stated while quoting ...

 The Dollar Business Bureau An official media report said that India has to lessen all the unnecessary red tapes and ease visa restrictions if it needs Chinese industrial parks in the country. An article on the website of the Global Times said, "The slow process of building parks exclusively for Chinese investors, which is partly attributed to the lengthy and tedious procedures that Chinese passport holders are required to endure to apply for Indian visas, might aggravate the imbalance in bilateral trade.” The initiative for setting up the industrial park was the brainchild of former Prime Minister Manmohan Singh during his visit to China in October 2013 with a view to reducing the trade deficit. However, both the nations have taken up the ...

The Dollar Business Bureau International oil firms like Saudi Aramco, Total SA and BP plc are planning to tap India’s retail fuel market, Oil Minister Dharmendra Pradhan said on Friday. This clearly reflects the increasing role of the country in the crude landscape of the world, he said. The fuel market of world's fastest growing economy can be a lucrative prize for the global oil majors seeking retail outlets for diesel and gasoline. The country has registered the fastest growth in oil demand across the world during the first quarter of CY 2016. India is replacing China as the driver of global growth, as per the International Energy Agency’s latest report. Saudi Aramco wants to enter the Indian market and the Indian Government ...

The Dollar Business Bureau Accepting that India’s bloating trade deficit with China is not a good sign, Commerce Minister Nirmala Sitharaman said that lots of efforts are underway at various levels to give more access to products from India in that country’s market. "Bloating trade deficit is not a good news. We have various rounds of discussions with China and are still in talks so that India’s bulk drugs and IT & ITeS segments get more market access. We are in negotiations with that country and there are a lot of efforts underway at different levels," Sitharaman told journalists in New Delhi on Monday. The Commerce Minister further said that companies in India have conveyed their concerns about the registration procedure in China that is difficult ...