China Market Meltdown

India's success in capturing 'China-Plus-One strategy' limited: NITI report

India has seen limited success so far in capturing the 'China Plus One strategy', while Vietnam, Thailand, Cambodia, and Malaysia have become bigger beneficiaries, according to a report of government think tank Niti Aayog. It said that factors such as cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing Free Trade Agreements (FTAs) have played a critical role in helping these countries expand their export shares. The US has implemented stricter export controls and higher tariffs on Chinese goods to limit China's growth and expenditure towards technological progress. This has led to a fragmentation of global supply chains, prompting multinational corporations to seek alternatives to Chinese manufacturing. It said that India is seen as an attractive destination for companies looking to shift their manufacturing bases out of China and this shift offers the country a chance to enhance its domestic manufacturing capabilities, particularly in high-tech ...

In China's 'war for people', cities ease residency rules to invite migrants

The competition among cities mirrors the 'talent war' that started in 2017, during which urban centres sought to bolster modern industries by maintaining robust population levels

Big, but not enough: China's stimulus package may not be effective

Raising wages, opening up the domestic consumer market to foreign goods, and enhancing the social welfare net are the usual recommendations of economists

Resist real estate mania: Lessons from the Chinese property meltdown

The stance of financial policy must not be to prevent lending against the field of real estate. It must be to support the financing that induces ample supply, which will keep real estate prices down

Souring China dreams force Western financial firms to cut down on costs

More companies are expected to follow suit soon as a tepid deals pipeline and lacklustre asset generation weigh on expenses and revenues

ABB confident about faster revenue growth in 2024 despite China slowdown

ABB shares were indicated to open 2.2% higher in premarket activity in Zurich

Five things China's economists are watching to track sustainable recovery

Power production has been rebounding since China reopened from Covid-related restrictions more than a year ago

Asia's market reset: 'Expensive' India lures investors avoiding China risks

The powerful rallies in Indian and Japanese equities as China's market has slumped have reset Asia's financial-market landscape

Exit the dragon: MSCI EM ex-China assets top $11 bn as pessimism grows

India stands to benefit most from increasing flows into index excluding China

China targets 2024 economic growth around 5%, on par with last year's rate

China's official growth target for this year is around 5 per cent, Premier Li Qiang said Tuesday in an annual report on the government's plans and performance that prioritized both security and the economy. Li also said the government would issue 1 trillion yuan (about USD 139 billion) in "ultralong special treasury bonds" in 2024 and over each of the coming several years a long hoped-for extra promise of government spending to help support flagging growth. The ruling Communist Party has been emphasizing the need to raise consumer spending to help drive the economy. But the consumer-led recovery it was counting on after anti-pandemic controls ended in late 2022 faltered midway through last year. Falling housing prices and worries over jobs left many families either reluctant or unable to spend more. Last year, the economy grew at a 5.2 per cent pace, but that was after a very slow 3 per cent annual growth rate in 2022, when the country was enduring the worst disruptions from the .

Hong Kong stocks at 36% discount show true depth of China's gloomy outlook

The Hang Seng China Enterprises Index fell 2.4%, inching closer to a level last seen almost two decades ago, while the onshore benchmark CSI 300 Index finished 1.6% lower

MUFG looking to expand India operations amid economic slowdown in China

Japan's largest lender has been building up its operations in India in recent years. In August last year, it opened a branch in the Gujarat International Finance Tec-City

Has China peaked?

Even if China's growth slows in the coming years, India faces the daunting task of achieving something extraordinary to catch up

Alibaba founder Jack Ma gets back into business with 'Ma's Kitchen Food'

Ma, whose comments about China's outmoded financial system helped trigger the crackdown, has since largely devoted his time to agricultural pursuits though his foundation

India emerges as the least sensitive to a slowdown in China, shows data

Charts a distinct course in the face of global headwinds, while others tethered to China's gusts

PE firms' $1.5 trn worth of assets trapped in China after market slumps

With public markets in a slump and offering unattractive valuations, buyout firms are exploring private sales

Maldives election: The implications of pro-China Muizzu's win for India

Valiant Lab IPO sees nearly 33% subscription on first day of bidding

The Initial Public Offering (IPO) of pharmaceutical ingredient manufacturing firm Valiant Laboratories was subscribed 33 per cent on the first day of subscription on Wednesday. The initial share sale received bids for 24,81,045 shares against 76,23,030 shares on offer, as per data available with the NSE. The portion for retail individual investors was subscribed 61 per cent while the category for non-institutional investors received 10 per cent subscription. The IPO is an entirely fresh issuance of up to 1.08 crore equity shares with no offer for sale component. The price range for the offer is at Rs 133-140 per share. Proceeds of the issue will be utilised to set up a manufacturing facility for speciality chemicals in Gujarat through its subsidiary -- Valiant Advanced Sciences Private Ltd -- and to meet the working capital requirements of the subsidiary company. Valiant Laboratories is an active pharmaceutical ingredient or bulk drug manufacturing company with its focus on ...

Senior Nomura banker barred from exiting China amid investigations: Report

The travel restriction is linked to Wang's time at Industrial & Commercial Bank of China Ltd., where he worked before joining Nomura in 2018, according to the report

A holistic approach can grab space vacated by China in textile sector: SIMA

Textile and clothing sectors must have a holistic approach with a long-term vision to seize the opportunity in the global market, industry officials said on Saturday. Textiles and clothing industries are the second largest employment provider after agriculture generating Rs 30,000 crore as Goods and Services Tax revenue and USD 44 billion foreign exchange earnings, officials of Southern India Mills' Association said. The industries have been facing challenges in the recent past mainly due to structural issues on the raw material front, high cost of production, scale of operation among others, SIMA Chairman S K Sundararaman said. The Association would strive to address structural issues and enhance global competitiveness, he said. According to association officials, the NDA government has been giving major thrust for enhancing the global competitiveness of the textiles and clothing industry and addressed several issues. "However, the policy pitfalls in certain areas and delay in ..