India, China sign intel sharing pact

Source: The Economic Times, Oct 22, 2018

NEW DELHI: India and China on Monday signed their maiden internal security cooperation agreement that among other areas of cooperation will involve intelligence sharing between two sides amid common threats from international terror.

The pact is expected to set up mechanism for cooperation between internal security establishments of the two countries for the first time. The pact is being signed during visit of Zhao Kezhi, China’s Minister of Public Security beginning Monday.

Kezhi held meetings with Home Minister Rajnath Singh during which they will discuss various aspects of security cooperation between the two countries, sources informed. Read the rest of this entry »

China to reduce tariffs on 8,549 types of goods from India, 4 other Asian countries

Source: The Economic Times, Jun 28, 2018

NEW DELHI: China plans to reduce tariffs on more than 8,500 goods, including chemicals, farm products and metals from India and some other Asian countries in what is seen as a part of its ongoing trade war with the US.

“China will reduce or cancel tariffs on imports of 8,549 types of goods from India, South Korea, Bangladesh, Laos & Sri Lanka,” China’s ambassador to India Luo Zhaohui tweeted on Wednesday. “The goods include chemicals, agricultural & medical products, soyabean, clothing, steel & aluminium products. Good news to help reduce trade imbalance.” Read the rest of this entry »

How Chinese companies are beating India in its own trade backyard

download (6).jpgSource: The Economic Times, Dec 13, 2017

In just 10 years, China has built world-class MNCs that have graduated from making cheap copycats of western products to competing with world’s biggest MNCs. And now India is in their cross hairs. Indian companies have a reason to be afraid because they are not going to match the Chinese manufacturers who ride on aggressive pricing, state subsidy, protectionist policies and cheap finance. download (7)

Take smartphone-maker Xiaomi. Once considered a cheap copycat, it is now emerging as a leader in India. It plans to diversify into high-margin products such as electric vehicles and fast-track segments such as payment banking. Recently, it made a regulatory filing in India, stating its future game plan.

Given its runaway success in smartphones in a very short period, it can dominate auto and consumer goods segments in coming years.
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China downgrade shows emerging market ratings stuck in reverse

index.jpgSource : Economic Times 26 May 2017

LONDON: A Moody’s downgrade on China on Wednesday and the likelihood that Brazil and South Africa face further rating cuts in the coming months is highlighting how emerging market credit quality remains stuck in reverse. Since the start of 2014, Reuters analysis shows that the big three rating agencies – S&P Global, Moody’s and Fitch – have racked up more than 150 emerging market downgrades between them.

That averages out a roughly one a week and though there have been hopes that rising global growth and commodity prices will ease the pressure, that does not seem to be occurring yet.

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India’s refusal to join China’s One Belt and One Road initiative regrettable: Chinese media

Source : Financial Express 15 May 2016

India’s refusal to join China’s high-profile Belt and Road initiative is “regrettable” but New Delhi’s boycott will not at all affect the cooperation in infrastructure development among its neighbouring countries, a report in a state-run newspaper said today.

The two-day Belt and Road Forum which is being attended by leaders from 29 countries, including Pakistan, has been boycotted by India due to sovereignty concerns over the USD 50 billion CPEC (China-Pakistan Economic Corridor), which passes through Pakistan-occupied Kashmir.

“While India recently issued an official statement saying it would not be part of the “One Belt and One Road” (B&R) initiative, it will not affect the trend towards cooperation in infrastructure development among its neighbouring countries at all,” Global Times reported today.

“India was openly sceptical of China’s Belt and Road Forum (BRF) hours ahead of the opening of the event, mainly due to concerns over the China-Pakistan Economic Corridor (CPEC), a key project of the B&R, and whether it might influence the disputed Kashmir region,” it said.

China proposes 4-point initiative to improve Sino-India ties

download (4)Source : The Hindu Business Line
NEW DELHI, MAY 7:  Amid increasing strain in Sino-India ties, China has proposed a four-point initiative to overcome differences and deepen relations which includes aligning its ‘One Belt One Road’ project with India’s ‘Act East Policy’ and restarting negotiations on a free trade pact.

The proposal put forward by Chinese envoy Luo Zhaohui also includes starting negotiations on a ‘China-India Treaty of Good Neighbourliness and Friendly Cooperation’ and prioritising finding an early solution to the border dispute between the two countries.

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Bilateral ties: India, China agree on foreign secretaries-level dialogue

Source: The Hindu Business Line, Aug 15, 2016

New Delhi: With less than a month to go before Prime Ministers of India and China are expected to meet post the NSG fiasco, the two countries have decided to set up a dialogue mechanism at the level of the foreign secretaries for the first time.

The decision to set up a new mechanism at the level of foreign secretaries was taken during a meeting between External Affairs Minister Sushma Swaraj and Chinese Foreign Minister Wang Yi, who was on a three-day visit to India.

“A new mechanism at the level of Foreign Secretaries agreed to discuss ties. It’s a new mechanism so earlier mechanisms remain,” said an official who was present in the talks.

The Foreign Secretary-level talks will be a new mechanism that will encompass all bilateral issues between both countries. This will be over and above the Strategic Economic Dialogue (SED) that both sides already have in place, sources told BusinessLine.

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