Jinping stands against protectionism at World Economic Forum
The Dollar Business Bureau While delivering a speech at the World Economic Forum in Davos, Chinese President Xi Jinping expressed discontent over protectionism followed by other economies and highlighted China’s intention to have a greater global role amidst US trying to become a closed economy. Jinping also took note of “America first” policies of Donald Trump and said that it is necessary for countries to have free trade and they should not be plainly abided by national interests. It was in the backdrop of Trump’s remarks on China during his election campaign that Jinping took to expressing his concerns about the trade scenario with respect to the US. The President-elect had said that China needed to be dealt with more strictly on matters related to trade ...
India needs to curb red tape and lift FDI limits: US Vice President
Source: PTI India needs to cut red tape and lift limits on foreign direct investments (FDI) to move forward, US Vice President Joe Biden said as he sought a high-standard bilateral investment treaty that would make the world's fastest growing economy a magnet for the American capital and technology. "We each have a stake in other's economic vitality," Biden said. "We know, a powerful growing and vibrant Indian economy is in United States' self-interest. And, a growing US economy is in India's best interest. This is not a zero-sum game," he said yesterday in his address at an event to commemorate the 10th anniversary of India-US civil nuclear deal. Biden, who during his visit to India in 2013 had set the target ...
