As US chips away at Chinese capacity, India takes big first steps
India is making significant strides in its semiconductor industry with new investments and partnerships, while China faces challenges due to US-led restrictions. Recent developments include a $10 billion investment in Maharashtra and a new OSAT facility in Gujarat. The Indian Semiconductor Mission is set to receive additional funding to boost the sector. Key Points
Economic TimesOnce a darling, China turns 'radioactive' for big foreign money
Foreign investment in China is rapidly declining. High geopolitical tensions and regulatory unpredictability have led investors to reconsider their positions. Many EU and Japanese firms show caution. India sees an opportunity to attract these wary investors. Key Points
Economic TimesSingapore’s Temasek to Invest $30 Billion in US Over Five Years
Singapore’s state-owned Temasek Holdings Pte Ltd. plans to invest $30 billion in the US market over the next five years as the firm remains cautious on putting money into China. Key Points
mintPM Modi may give SCO Summit a skip amid strained China ties
Prime Minister Narendra Modi may skip the July 3-4 Shanghai Cooperation Organisation (SCO) Summit in Astana amid chill in ties with China. He may depute external affairs minister S Jaishankar to represent India. Key Points
Economic TimesChina's EV survival game creates peril -- and power
China's electric vehicle market is experiencing fierce competition as new models flood the market, leading to price reductions. Innovative approaches by companies like Hesai and Launch Design are reshaping the industry dynamics and accelerating EV development. Key Points
Economic Times
Apple pulls Meta-owned WhatsApp and Threads from App Store in China
Meta’s other communication platforms such as Facebook, Instagram, and Messenger are still available on the App Store. Apple on Friday said that it removed... Key Points
The Tribune IndiaChina's March factory activity expands for first time in six months
China's manufacturing activity saw growth after six months in March, as per the official purchasing managers' index, rising to 50.8 from 49.1 in February. The non-manufacturing PMI also increased to 53 from 51.4, while the composite PMI stood at 52.7, indicating positive trends. Key Points
Economic TimesView: China's ‘good terrorist, bad terrorist’ ploy to blame for attacks on Chinese nationals in Pakistan
China says it is going to support Pakistan in its fight against terror. But it does not do the same with India. | World News Key Points
Hindustan TimesChinese military slams US for recognising Arunachal Pradesh as part of India
China's military criticized the US for asserting that Arunachal Pradesh is part of India, stating that India and China have mature mechanisms and communication channels to handle border issues. The US was accused of stoking disputes between countries for selfish gains. China reiterated its claim that Arunachal Pradesh is part of its territory, describing India's claim as absurd and ludicrous. The Chinese military emphasized that Arunachal Pradesh has been China's territory since ancient times. Key Points
Economic TimesTsingshan Unit Plans Indonesian Battery Plant as Trade Frictions Mount
The battery unit of Tsingshan Holding Group Co., the world’s top nickel producer, plans to build a plant in Indonesia, the latest in a series of Chinese investments that will help the Southeast Asian nation step up from commodities production to more lucrative processing and manufacturing. Key Points
mint
Explained: China’s new rules for chips in government computers with a US snub
China's new guidelines state that software provided by companies including Microsoft Corp. will be replaced, the report noted. Key Points
Hindustan TimesChina’s Younger Steel Industry Slows Net Zero Path, BHP CEO Says
China’s steel industry is young compared to Europe’s, and its transition to net zero may be slower as it takes a different path to reach government-mandated decarbonization goals, according to BHP Group Ltd.’s Chief Executive Officer Mike Henry. Key Points
mintApple CEO Tim Cook's visit to China marks increased investment in supply chain, R&D, and retail: Report
Tim Cook shares Apple's vision for increased research focus in China during his visit. The company plans to enhance resources for applied research in Shanghai, aiming to strengthen its presence in areas like supply chain and R&D. Key Points
mintChina, Australia Face Difficult Diplomatic Road After Trade Spat
The likely lifting of the final major tariffs on Australian products by China in coming weeks will conclude a bitter three-year trade war. That alone is unlikely to usher in a new era in relations between the two countries. Key Points
mintU.S. and China Extend Landmark Bilateral Deal, Very Quietly
The U.S.-China Science and Technology Agreement, a longtime symbol of cooperation first signed in 1979, now highlights rising competition. Key Points
mint
China expands presence in West Asia's tech, mining, and energy amid strong ties with India
China is expanding its presence in the technology, mining, and energy sectors in West Asian nations with ties to India. It is partnering with telecom operators, investing in the mining sector, and offering assistance in space and transportation development. Key Points
Economic TimesChina needs to look beyond its domestic troubles
While a home focus is important, Beijing should take care not to get isolated globally. A new foreign minister would go a long way to help explain China's global viewpoint. Key Points
mintState of Union Address: Revitalised ties with India-like allies amid China rise, says US
The US has revitalised its partnership with its allies and countries like India, Australia and Japan amidst the rise of China, President Joe Biden has... Key Points
The Tribune IndiaUS revitalised partnership with allies, nations like India amidst China’s rise: Biden
Biden, seeking re-election in November, said America is in a stronger position to win the competition for the 21st century against China.. The US has revitalised... Key Points
The Tribune IndiaWill legitimately defend rights in South China Sea: Beijing
Chides US for ‘not honouring commitments’ to bolster bilateral ties. China’s foreign minister Wang Yi on Thursday took a belligerent stance on the... Key Points
The Tribune India
US to revitalise partnership with allies like India amidst China's rise: Biden
The US is standing up against China's unfair economic practice, standing up for peace and stability across the Taiwan Strait and revitalising its... Key Points
The Tribune IndiaThe World Is in for Another China Shock
Imports from China in the early 2000s lowered prices and wiped out U.S. jobs. A sequel of sorts might be in the making. Key Points
mintUS narrows gap with China on diplomatic posts, report says
International Business News: The US has narrowed the gap with China in the number of diplomatic posts they both run, according to a new report. China has the most such offices of any country, with 274, while the US has 271. China has a bigger presence in Africa, East Asia, Pacific Island countries, and Central Asia, while the US leads in Europe, the Americas, and South Asia. Key Points
Times Of IndiaChina central bank cuts benchmark lending rate to boost economy
The one-year rate was last lowered in August, while the five-year LPR had previously been reduced in June. Closely followed by markets, both rates are at historic lows. Tuesday's moves are aimed at encouraging commercial banks to grant more credit and at more advantageous rates. Key Points
Economic TimesCold War II: America’s emulation of Chinese policy could reset their relations
True, tensions prevail. Yet, cooperation may be easier if both countries realize that their policies are neither too different nor necessarily harmful to each other. Key Points
mint
Beijing's top diplomat says China will be a 'force for stability'
Beijing's top diplomat Wang Yi said China will be a force for stability in the world during a speech on Saturday at a major security conference in Germany. No matter the changes in the international situation, China as a responsible major country will always maintain the continuity and stability of its major policies and resolutely stay a force for stability in a turbulent world, Wang said. Key Points
Economic TimesChina 'Pushes the Boundaries' with its expanding borders
China is using aggressive tactics to expand its territory in Bhutan, the South China Sea, and Japan's Senkaku Islands. It is building settlements, roads, hydropower stations, and military outposts in disputed areas, causing tensions with neighboring countries. Key Points
Economic TimesXi Jinping digs in his heels despite mounting setbacks
This book discusses the economic woes and international backlash faced by Chairman Xi Jinping. It highlights Xi's success in sidelining factions in the Chinese Communist Party and the enemies he has made. The article also mentions the recent disappearances and expulsions of state ministers and top leaders of the People's Liberation Army Rocket Force. It discusses the impact of these events on Xi's ability to manage high-level personnel. Key Points
Economic TimesUS leans on India's pharma industry to snub China. There's just one catch
America's reliance on China for drug ingredients has raised alarm bells in Congress. House committees will hold two hearings Tuesday on drug shortages and the US Food and Drug Administration's foreign inspection program, which has seen a large drop in visits to Chinese factories over the last few years, due in large part to the Covid pandemic. Key Points
Economic TimesFear and ambition propel Chinese President Xi Jinping's nuclear acceleration
Xi has expanded China's atomic arsenal faster than any other Chinese leader, bringing his country closer to the big league of the United States and Russia. He has doubled the size of China's arsenal to roughly 500 warheads, and at this rate, by 2035, it could have about 1,500 warheads -- roughly as many as the U.S. and Russia each now deploy, U.S. officials have said. Key Points
Economic Times
Japan is no longer the world's top vehicle exporter, here's the new king
China overtook Japan as the world's biggest vehicle exporter last year, shipping 4.91 million vehicles compared to Japan's 4.42 million. China's customs bureau reported an even higher number of 5.22 million, a 57 percent year-on-year rise. Japanese automakers, including Toyota, also produce vehicles in other countries. China's auto sector has seen significant growth due to investments in electric cars, while Japanese companies have focused on hybrids. Key Points
Economic TimesU.S. and China Talk Fentanyl in Latest Sign of Thawing Ties
Two months after President Biden and Chinese leader Xi Jinping agreed to dial back tensions, there has been a renewal of the face-to-face diplomacy that was once a routine part of managing U.S.-China ties. Key Points
mintChina backs Pakistan charge of India hand in mysterious killings
China backs Pakistan's allegations of India's involvement in the killings of Pakistan nationals and terrorists. The Chinese foreign ministry emphasizes the opposition to double standards on counter-terrorism and calls for strengthening counter-terrorism cooperation among all countries. Key Points
Times Of IndiaVietnam, Philippines to boost maritime cooperation to prevent incidents in South China Sea
On a visit to Vietnam, Philippines president agrees to an MoU between the 2 countries. The agreements in Hanoi could risk angering Beijing. Key Points
ThePrint