China

Oil Prices Rise On Hope As China Started Reopening

Oil Prices Rise On Hope As China Started Reopening

Oil prices surged on Wednesday as the market was optimistic about the fuel demand since China continues to ease its COVID-19 restrictions. Brent futures for February delivery rose 31 cents to $84.64 a barrel, a 0.4% gain, by 0117 GMT. Besides, US crude advanced 22 cents or 0.3%, to $79.75 per barrel. Both standard prices…

Why Is COVID-19 Not Slowing Down In China? Key Points 

Why Is COVID-19 Not Slowing Down In China? Key Points 

China is continuously under lockdown due to continuous COVID-19 cases, but the country reported a massive surge in cases recently as the Chinese government lifted the three-year lockdown last month.  Eric Feigl-Ding, an Epidemiologist and health economist, claimed that the hospitals in China had been completely overwhelmed since the restrictions dropped. He also predicted that…

Idealizing China Won’t Save India From Slowdown in 2023

Idealizing China Won’t Save India From Slowdown in 2023

It is notable that the global slowdown has also arrived in India. Investments in factories, roads and other fixed assets are just less than 35% of domestic output, which has not changed in the last 10 years. Loan demand is growing so fast that deposits can’t keep up.  How is India trying to cover up…

Over 20,000 Employees Left Apple’s Supplier Foxconn

Over 20,000 Employees Left Apple’s Supplier Foxconn

Apple iPhone maker Foxconn Zhengzhou, China, saw a heavy departure of employees. Over 20,000 workers, along with new hires who have not started working on the production line yet, have left the plant, a Foxconn source familiar with the matter told Reuters on Friday.  This comes just a day after violent protection broke out at…

Pelosi’s Visit To Taiwan: How It Put TSMC In Spotlight?

Pelosi’s Visit To Taiwan: How It Put TSMC In Spotlight?

U.S. House Speaker Nancy Pelosi recently visited Taiwan. She may have left Taiwan but has cast a spotlight on the island’s critical role in the global chip supply chain and on the world’s biggest chipmaker TSMC (Taiwan Semiconductor Manufacturing Company).   Pelosi’s visit is being called controversial because it angered Beijing to see Pelosi meet with…

US Surpasses China And Become India’s Top Trading Partner

US Surpasses China And Become India’s Top Trading Partner

The United States of America (USA) surpassed China and became India’s biggest trading partner in FY22, reflecting a strong economic bond between the two countries.  The Commerce ministry’s data shows that bilateral trade between the US and India stood at $119.42 billion in 2022 while it was $80.51 billion in 2020-2021.  Exports to the US…

US and EU To Announce Joint Efforts For Semiconductor Supply

US and EU To Announce Joint Efforts For Semiconductor Supply

The United States and the European Union, on Monday, plan to announce a joint effort to identify semiconductor supply disruptions and counter Russian disinformation, officials said.  The U.S officials are visiting the French scientific hub of Saclay for a Trade and Technology Council meeting, created last when China increasingly exerted its technology clout. U.S Commerce…

‘No Chance Of Data Leak’ Stated Paytm Payments Bank 

‘No Chance Of Data Leak’ Stated Paytm Payments Bank 

Recent reports have increased the trouble of digital payment giant, ‘Paytm’, stating that they are leaking data of their customers to Chinese firms. RBI has restricted the Paytm Payments Bank to include new customers, due to the reports that suggest data leaks from Paytm to Chinese firms. The Reserve Bank Of India has also called…

India Boycott Beijing Winter Olympics Over Galwan Attack

India Boycott Beijing Winter Olympics Over Galwan Attack

The Chinese government on Wednesday shared an image of one of its Regiment commanders of the People’s Liberation Army as a torchbearer during an Olympic relay. According to the reports, this person was involved in the Galwan attack on India by China.  In effect, on Thursday, India said that their envoy, Acquino Vimal in Beijing,…

U.S. House Passes The Bill on Clamping Down China’s Product

U.S. House Passes The Bill on Clamping Down China’s Product

The U.S. Senate passed legislation on Thursday to ban imports from China’s Xinjiang Region over concerns about forced labor. It is a part of Washington’s continued pushback against Beijing’s treatment of the country’s Uyghur Muslim minority.  The legislation passed by unanimous voice vote, after lawmakers agrees on a compromise that eliminated differences between bills introduced…

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