In a sharp shift from previous optimism, US President Donald Trump on Friday signalled a hardening stance against China, accusing Beijing of violating a trade agreement and warning that he will no longer be “Mr. NICE GUY.” The remarks, made via a post on social media and later reiterated at the White House, mark a…
China’s manufacturing sector suffered a sharp shrinkage in May, with the Caixin Manufacturing Purchasing Managers’ Index (PMI) coming in at 48.3-the worst reading since September 2022. This means that, for the first time in eight months, the reading went below the neutral threshold of 50, pointing to deterioration in business conditions by mid-second quarter. The…
China shrank its holdings of US Treasuries in March, with the UK replacing it as the No. 2 overseas owner. The month, which preceded the April turmoil in the Treasuries market, saw a second straight jump in foreign purchases, to a fresh record high. Total overseas holdings rose $233.1 billion, to $9.05 trillion, Treasury Department…
Sergey Lavrov, the Minister of Foreign Affairs of Russia, claimed that the West was allegedly trying to fracture India-Russia-China relations, RT India stated. Western policy in the region is an attempt to create a “clash” between “our great friends and neighbours India and China,” he said, RT India reported. “What is happening right now in…
The Chinese foreign minister made these comments during a telephonic conversation with Deputy Prime Minister and Foreign Minister Ishaq Dar, according to a statement by the Foreign Office. During the conversation, Dar briefed Wang Yi on the evolving regional situation. Image | ANI/File Photo Source link
Free Trade Agreements (FTAs) are making India more competitive with markets like the United States of America, China and Brazil, said an official of the Commerce Ministry. According to APEDA, in processed food, India will gain ground over the USA, China, and Thailand. We will become more competitive than the USA, China, Thailand, and Vietnam…