India and China have been uneasy neighbours for decades, but they still managed to grow bilateral trade. However, a recent border clash over the Himalayas are turning ties increasingly cold as New Delhi takes steps to hit Beijing where it hurts most — business. After India delayed customs clearances of goods imported from China, the […]
Exports may be on a path of recovery with the merchandise sent to foreign nations in July reaching almost the same levels as a year ago, Commerce and Industry Minister Piyush Goyal said to the media. “Our exports have almost reached last year’s July level, with nearly 90 per cent of our export of July […]
The US has broadened the scope of its sanctions on steel, stainless steel, aluminum and copper trade with Iran in a move to stop imports into the country of specialized metals that it says could be used in Iran’s nuclear, ballistic missile and military programs, deemed by the US to pose a grave threat to […]
Diesel sales, an approximate barometer of business and commerce, dropped 13 per cent in July 2020 from the previous month and were down 21 per cent year-on-year, forcing oil refiners to slash throughput. This seems to be a clear case of economic recovery slowing down after the spike in May-June this year. Manufacturing activities also […]
Despite softer cotton prices, revenues of Indian garment makers are set to decline by 25%-30% this fiscal year due to covid’s impact on demand, according to rating agency CRISIL. The impact will be felt more by garment exporters due to stretched receivables and tepid discretionary spending in the US and the European Union, according to an […]
While the covid pandemic has widened the trade rift between the US and China, another prior disease outbreak has actually fuelled the dependence of the world’s top two economies. In the first five months of 2020, China became the third-largest destination for US chicken meat exports, following the deadly African Swine fever that hit the […]
A World Trade Organization (WTO) report said a substantial share of world trade continues to be affected by new and accumulated import-restrictive measures, which is cause for concern at a time when economies will need trade to rebuild from the effects of the COVID-19 crisis. “On a more positive note, the report shows that members […]
(The story appears here courtesy our content partner Mysteel Global) China, the world’s top steelmaking and iron ore importer, has approved another four ports along the coastal line in east and south China to operate their berths for 400,000 deadweight tonnage (DWT) iron ore carriers, or very large ore carriers (VLOCs), thus increasing the number of […]
China, one of the biggest importers of raw materials from Africa, including copper, cobalt and oil, cut its imports from the continent by 31 per cent while its exports to Africa fell by 8.3 per cent as restrictions to curb the spread of the pandemic hurt both exports and imports, reports South China Morning Post […]
India is pushing hard to foster its domestic renewable manufacturing sector in a bid to curb dependency on imports, mostly from China, amidst growing clamour for boycotting Chinese goods following fresh border tensions between the two countries. Also, the Covid-19 outbreak which crippled Chinese export of solar cells and modules to Asia, exposed supply chain […]
