Girish Shetti
China’s Central Bank Predicts 6.8 Percent Growth Rate for 2016
| Girish Shetti | | Jun 10, 2016 08:06 AM EDT |
The People's Bank of China is sticking to its earlier predicted growth rate of 6.8 percent despite a host of challenges confronting the Chinese economy. The central bank's growth rate is higher than the 6.5 percent projected by International Monetary Fund (IMF) and the Asian Development Bank (ADB).
China’s State Television Covers Modi’s First Official Visit to U.S.
| Girish Shetti | | Jun 10, 2016 06:11 AM EDT |
China's state media China Central Television (CCTV) aired a special live coverage of Indian Prime Minister Narendra Modi's first official visit to U.S., which began on Monday.
China Leads Opposition to Prevent India from Joining Nuclear Suppliers Group
| Girish Shetti | | Jun 10, 2016 02:16 AM EDT |
China is reportedly leading the opposition to stop United States and other major powers from including India into the 48-member Nuclear Supplier Group (NSG), which would allow India to access nuclear technology from NSG members.
Chinese Smartphones are a big hit in India, but Chinese Apps are not
| Girish Shetti | | Jun 09, 2016 04:24 PM EDT |
Chinese smartphone companies like Lenovo, Xiamo, Oppo and Huwaei have become a household name in the Indian smartphone market. They have given established homegrown companies like Micromax and global smart phone giant Samsung a run for their money.
China's Education Experts Issue Warning Over Dwindling Gaokao Numbers
| Girish Shetti | | Jun 09, 2016 06:46 AM EDT |
The steady decline in the number of students taking the two-day annual gaokao entrance exam is likely to compel some colleges and universities to search for innovative recruitment methods to enroll enough students, warn China's education experts.
Fosun Group Leads the Race to Acquire Indian Pharmaceutical Company Gland Pharma
| Girish Shetti | | Jun 08, 2016 05:12 PM EDT |
Shanghai Fosun Pharmaceutical (Group) has emerged as a top bidder for Indian pharmaceutical company, Gland Pharma.
China Calls on Philippines to Stop Court Proceedings Over South China Sea Dispute
| Girish Shetti | | Jun 08, 2016 03:09 PM EDT |
China has called on the Philippines to halt its international court proceedings and settle their territorial dispute in the South China Sea region through bilateral negotiations.
China’s Exports Declines for Second Straight Month Due to Weak Global Demand
| Girish Shetti | | Jun 08, 2016 02:16 PM EDT |
China's exports declined in May for the second straight month; imports also declined moderately as weak global demand continued to drag down the world's second largest economy.
US, China Reach Agreement Over Steel Overcapacity as Annual Bilateral Summit Concludes
| Girish Shetti | | Jun 08, 2016 06:52 AM EDT |
Beijing promised to cut down on "steel overproduction" on Tuesday as the U.S. and China wrapped up the two-day annual Strategic and Economic Dialogue in Beijing.
Shanghai Disney Resort: Fake Disney Sites, Employment Agencies Surface as Theme Park Nears Opening
| Girish Shetti | | Jun 08, 2016 03:23 AM EDT |
As the excitement for the opening day of the Shanghai Disney Resort builds up, Disney fans are reportedly being duped by fake websites and scams.
Taiwan Refuses to 'Recognize' China's Air Defense zone Over South China Sea
| Girish Shetti | | Jun 06, 2016 07:20 PM EDT |
Taiwan's new defense minister categorically said on Monday that Taiwan would not acknowledge any Air Defense Identification Zone (ADIZ) declared by China over the disputed South China Sea region, adding that such a move will prove to be a deterrent for maintaining peace in the region.
Chinese Retail Giant Suning Commerce Acquires Inter Milan for 270 Million Euros
| Girish Shetti | | Jun 06, 2016 06:01 PM EDT |
Chinese retail giant Suning Commerce Group has bought a nearly 70 percent stake in Italian soccer giant Inter Milan for an estimated 270 million euros ($307 million). This is the most high-profile takeover of a European football club by a Chinese company till date.
China Rejects Taiwan President’s Offer for Beijing to Accept Democracy
| Girish Shetti | | Jun 06, 2016 03:11 PM EDT |
China on Monday expressed confidence in its political system after dismissing comments by Taiwanese President Tsai Ing-wen urging Beiijing to embrace democracy. Tsai made the comments on the eve of the 27th anniversary of the Tiananmen Square incident via a Facebook post.
Qiantu K50: Tesla Challenger Qiantu Motor to Launch Supercar in 2017 [VIDEO]
| Girish Shetti | | Jun 06, 2016 05:11 AM EDT |
Qiantu Motor, one of China's biggest local automotive design firms, is all set to enter into the business of manufacturing electric cars.
Vietnam, South Korea to Buy Lockheed’s Surveillance Planes to Counter China’s Military Build-Up
| Girish Shetti | | Jun 06, 2016 02:18 AM EDT |
Vietnam and South Korea are seriously considering acquiring refurbished Lockheed Martin's Corp P-3 and S-3 maritime surveillance planes as both countries seek to counter China's military buildup.
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