Page 2 - Chinese Market

Intel to launch two AI chips with reduced capabilities for Chinese market

Rival Nvidia also has plans for three China-specific chips after the United States late last year tightened a rule capping the capabilities of AI chips that can be shipped to China

G42 made secret pact with US to divest from China before Microsoft deal

In exchange for the Chinese divestment, G42 was assured that it would have continued access to US technology that powers AI applications, one of the people said

Joe Biden orders investigation into security risks of Chinese-made cars

Biden noted that China is determined to dominate the future of the auto market, including by use of unfair means

The next few months are likely to see increased volatility: Shiv Sehgal

Valuations of midcaps and smallcaps have reached very high levels, and hence to that extent leave little margin of safety, Sehgal said

India imposes anti-dumping duty on 3 Chinese products for 5 years

India has imposed anti-dumping duties on three Chinese products -- wheel loaders, gypsum tiles, and industrial laser machinery -- for five years to guard local manufacturers from cheap imports from the neighbouring country. These duties were imposed following recommendations of the commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR). The DGTR in separate probes have concluded that these products have been exported at a price below normal value in Indian markets, which has resulted in dumping. The domestic industry has suffered material injury due to the dumping of these products. According to separate notifications of the Central Board of Indirect Taxes and Customs (CBIC) issued last month, the duties have been imposed on gypsum board/tiles with lamination at least on one side. Such duties have also been imposed on industrial laser machines, in fully assembled, Semi Knocked Down (SKD) or Completely Knocked Down (CKD) form, used for cutting, marking,

Govt may further streamline visa approval process for Chinese technicians

The government is considering further streamlining of processes for timely approval of visas for Chinese professionals and technicians whose expertise is required by the Indian industry to set up manufacturing capacity, a senior official said. Certain Indian industry players have approached the government stating that they are facing problems in getting visas for Chinese professionals whose expertise is required for things like setting up machines in factories. The government has recently put in place a standard operating procedure (SOP) for streamlining visa approvals for Chinese technicians whose expertise is required by vendors under the PLI (Production Linked Incentive) scheme. "Now we may be liberalising it for others. That process is on and a Cabinet note is under preparation. Within the existing system, there is an SOP now to expedite visas for Chinese who are to come in to help set up manufacturing capacity in India. We have already streamlined it quite a bit, now we are ...

Domestic consumption, Chinese market can lift Darjeeling tea: ITEA chairman

Teas from Nepal, sharing similar characteristics with Darjeeling tea, have made inroads. Kanoria warned that the threat from Nepal was serious

Chinese factory activity rebounds, adding to recovery signs: Survey

Chinese factory activity rebounded in January from three months of contraction, adding to signs the world's second-largest economy might be recovering from a painful slump, an official survey showed Tuesday. A monthly purchasing managers' index issued by the Chinese statistics agency and an industry group rose to 50.1 on a 100-point scale on which numbers above 50 show activity growing. That was an unusually large gain of 3.1 points from December's 47. China's economic growth sank to 2.9 per cent over a year earlier in the final three months of 2022, but economists point to increased investment and improved consumer spending as signs activity is recovering. Manufacturers have been hurt by lackluster US and European demand for exports after central banks raised interest rates to fight inflation. Chinese consumer demand weakened following COVID-19 outbreaks and a downturn in the real estate industry. New orders, new export orders, factory activity and employment improved in January,

Shift of axis from Indian markets: FPIs pivot to China as it unlocks

Rate hikes, elevated valuation, and China reopening lead to reallocation of funds

Mercedes-Benz slashes China EV prices by up to $33,000 as sales lag

The luxury automaker said in a statement on its website late Tuesday that it was reducing prices on certain models from its EQ range, effective Wednesday, and that it would provide subsidies

Chinese authorities call on retired soldiers to help Foxconn iPhone plant

The plant, the world's largest iPhone manufacturing facility, has been hit by discontent over government mandated measures to curb the spread of Covid-19

Rich nations stick to coal phase-out as China builds new plants

Countries within OECD policy forum and European Union on track to close more than 75% of their coal power capacity from 2010 to 2030

Trying to lock in vendors who don't want to buy from China: Biocon CEO & MD

Siddharth Mittal, CEO & MD, Biocon, elaborates on his plans to grow this business further

India, China trade crosses $100 bn during Jan-Sept; deficit up at $75 bn

India and China bilateral trade continued to boom, crossing USD 100 billion for the second year in the first nine months of 2022 while India's trade deficit climbed to over USD 75 billion, according to trade data released by Chinese customs. The total bilateral trade, amidst the military standoff in eastern Ladakh, went up to USD 103.63 billion, registering a 14.6 per cent increase compared to last year during the same period. China's exports to India climbed to USD 89.66 billion, registering an increase of 31 per cent, data released by China's General Administration of Customs (GAC) said. However, India's exports in the past nine months stood at USD 13.97 billion, registering a decline of 36.4 per cent. As a result, the total trade deficit went up to over USD 75.69 billion. Last year, the India-China bilateral trade hit a record high of over USD 125 billion crossing the USD 100 billion mark in a year when the relations touched a new low due to the standoff by the militaries in ..

Apple halts its plan to use chips from China's YMTC, say reports

Amid political pressure, tech Giant Apple has suspended plans to use memory chips made by China's Yangtze Memory Technologies Co. (YMTC) in its products, media reports said

Oil prices steady as recession fears counter positive Chinese signals

Oil prices were steady on Monday as China's continuation of loose monetary policy was offset by fears that high inflation and energy costs could drag the global economy into recession

China's $5 trillion rout creates historic gap with Indian stocks

The MSCI India Index rallied almost 10% in the just-ended quarter, compared with a 23% slump for the MSCI China Index

China's shares plunge to lowest valuation on record in Hong Kong

All but three stocks are down this year on the 50-member gauge, with property developers and tech companies at the bottom.

China's economy continues to struggle on Covid curbs, property woes

China's fragile economic recovery has been challenged this year by the country's adherence to Covid Zero, a policy intended to stamp out infections that has caused intermittent turmoil to supply chain

Apple's tech supply chain shows difficulties in cutting dependence on China

Bloomberg Intelligence estimates it would take about eight years to move just 10% of Apple's production capacity out of China, where roughly 98% of the company's iPhones have been made