M&As by China in countries part of BRI soar, despite capital crack down
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 ...
Electronics imports up by 26% due to influx of Chinese products
Aamir H Kaki The influx of cheap electronics products from China has led to an increase in imports of these products in India in the month of January. As per estimates of Ministry of Commerce, imports of electronics increased by 26% to Rs.26,757.59 crore in January, compared to Rs.21,220 crore in the same month last year. However, the exports of electronics fell by 10% to Rs.3,162.73 crore against the Rs.3,526.13 in the corresponding period a year ago, the data revealed. Commenting on the figures, Vishwas Agarwal, Head - International Business, Intex Technologies told The Dollar Business Bureau, “The reason for this data surely is the advent of the new Chinese companies that have come to India. Now many of the Chinese companies have ...
Make in India road show held in China
Source: PTI Business leaders of over 80 Chinese companies and enterprises on Thursday participated in a road show organised in the southwestern Sichuan province, highlighting the opportunity for entrepreneurs to invest in India under the government’s ‘Make in India’ initiative. Speaking on the occasion, Consul General of India in Guangzhou, Sailas Thangal said that ‘Make in India’ campaign offers great opportunities for Chinese business and entrepreneurs to invest in India and take advantage of India’s large potentials for growth. He invited all Chinese business leaders present at the road show at Chengdu to attend the ‘Make in India’ week to be held in Mumbai from February 13-18. The week-long event to be inaugurated by Prime Minister Narendra Modi would offer ...
China troubles may sound positive to India but impact may be negative: ASSOCHAM
The Dollar Business Bureau Economic troubles for China will not be good news for India as there would be more negatives than positives from the ripples of a 'dragon' dragging the shaky world economy, The Associated Chambers of Commerce of India (Assocham) said. The industry body’s paper analysed the impact of the problems in China on Indian economy. According to their research, the dip in commodity prices is linked to slow demand in China. The news may not be as positive as it sounds for metal producers like SAIL, Tata Steel, NMDC and upstream oil producers. A steep fall in iron ore, steel and copper prices has an equal impact on Indian companies as any other manufactures around the globe. However, ...
