CHINA TECH REFORMS
Fiscal discipline key to India's growth prospects: Sanjay Nayar
So, we will have to also think about how we channel the energies towards more advanced and more modern techniques and technology, because that is what we need right now.
China and European Union agree to talks in bid to head off trade war
China and the European Union have decided to initiate talks aimed at resolving an increasingly tense tariff dispute, with billions of dollars in trade hanging in the balance. According to the Chinese Commerce Ministry, discussions will be held between China's commerce minister, Wang Wentao, and the European Union's trade commissioner, Valdis Dombrovskis. The focus will be on addressing the European Union's proposal to impose tariffs on electric cars imported from China, a move that has sparked significant concern.
Stock market may have bottomed out, start hunting for bargains: Mark Mobius
Following the Lok Sabha election's depressive impact on markets, Mark Mobius suggests India remains a promising investment hub. He advises seizing opportunities amid the downturn, particularly in construction sectors, emphasizing the nation's infrastructure needs. Mobius remains cautious about policy shifts under a fractured mandate but sees resilience in IT and tech stocks. Contrary to brokerage warnings, he believes in India's long-term growth potential, confident in its appeal to foreign investors despite political uncertainties.
Surprised by today's market rebound; expect near term caution in capex-led themes: Chris Wood
I think it is a bit premature to assume that because you have still got the horse trading. I mean, clearly the base case is that the current government remains in power with coalition partners and that is not a disaster. But the reality is the great virtue of the last 10 years has been clear government, consistent policies, and not having to worry about horse trading between parties, which is always a feature of coalition governments.
Hold your horses! Wait for real results before making big moves: Swaminathan Aiyar
In Modi 1, he, for instance tried to take on land acquisition. He retreated. Again, in Modi 2, one of the things that he retreated on perhaps was whether we have a national register of citizens, which the Muslim community is extremely afraid of, that is a non-economic subject. But I mean, these were some of the areas Mr Modi has shown that he is capable of retreating when he comes across a very serious resistance.
Modi plans post-election reforms to rival Chinese manufacturing
Indian Prime Minister Narendra Modi is planning business-friendly measures if he secures a third term, aiming to boost domestic manufacturing by easing labor regulations, offering subsidies, and reducing import taxes. Modi's vision includes creating industrial zones to attract global firms, but challenges remain with restrictive labor laws, land acquisition, and high import tariffs. His reelection campaign emphasizes economic development and positioning India as a manufacturing hub.
- Go To Page 1
If Modi wins India's mammoth Lok Sabha elections, his third regime will need tough reforms to lure foreign firms
Lok Sabha Elections: As Modi gears up for a potential third term, global firms highlight challenges facing India's economy: policy inconsistencies, bureaucratic delays, and scarcity of land. Despite improved business sentiment, actual investment remains stagnant, with foreign direct investment dropping. Key priorities for the new government include policy coordination among states, labor law implementation, skills development, land reform, trade measures, and fulfilling BJP's promises for economic growth and global manufacturing hub status.
Xi says China hopes Europe will return to peace soon and that China will play a constructive role
Chinese President Xi Jinping welcomed Russian President Vladimir Putin in Beijing amid Russia's offensive in Ukraine. The leaders discussed strengthening their nations' partnership and signed agreements. Putin praised China's infrastructure initiative while pledging collaboration in global affairs. The visit highlights their close ties amidst geopolitical tensions and military cooperation.
JP Morgan’s Rajiv Batra on why FIIs are selling and how to position portfolio now
Rajiv Batra of JP Morgan discusses the positive macroeconomic indicators in India, including PMI prints, the Sagar Mala initiative for waterways, and upgraded GDP forecasts. He highlights the growth potential in sectors like water transportation and domestic manufacturing. Batra says: "We are much more positioned on domestic cyclicals, domestic demand, which keeps us overweight on still financials, autos and real estate overall."
On longer-term structural side, Goldman Sachs overweight on India & Indonesia: Sunil Koul
Sunil Koul of Goldman Sachs says FIIs are shifting focus towards China, causing outflows from India. FII allocations in India are still at 11-year low. However, strong Indian fundamentals are counterbalancing the outflows and there is a positive outlook post-election. DIIs are stabilising the market as emerging market appear attractive for investment.
Shift some money from capital goods & PSU bank stocks to FMCG, IT; top 9 bets: Sanjiv Bhasin
Sanjiv Bhasin suggests focusing on Marico, Nestle, Hindustan Lever as top FMCG picks, adding Godrej Consumer. Largecap private banks like HDFC, ICICI, Kotak, Axis, IndusInd are recommended amidst various market dynamics and sector-specific opportunities. Bhasin says the wealth effect means real estate is the real play. Along with that, FMCG and IT will now be more defensive with pharma as a constituent for the index till the results.
New sectors to take GDP trajectory higher; a large part of allocations should be in midcaps: Harendra Kumar
Harendra Kumar anticipates GDP growth over the next five to ten years to come from sectors that traditionally never existed in India. For example, EMS players are doing really well. A huge semiconductor ecosystem is going to come. We are going to see a listing of EV players. Midcaps show greater growth potential. Auto sector expected to yield big returns.
PLA SSF scrapped, it’s now the PLA ISF: What does it mean?
PRC's CMC created the ISF on April 19, 2024, replacing the PLA SSF. Xi Jinping awarded the military flag. ISF focuses on communication networks. New arms redefine PLA's structure for modernization goals.
Epic Games proposes Google app store reforms after antitrust win
Epic Games has challenged Google's Play Store dominance, pushing for competition post-jury ruling. Legal battles continue with Apple and Google over app store practices and antitrust issues, highlighting the fight for more consumer and developer control.
Epic Games proposes Google app store reforms after antitrust win
Epic Games seeks Play Store changes after antitrust trial accusing Alphabet of Android gatekeeper abuse, post Judge Donato's verdict against Google. Singleton edits Epic's filing.
Charting the global economy: US inflation cools; Japanese Yen stays weak
Earlier in the week, the collapse of a major bridge in Baltimore will cause weeks or months of transportation disruptions in the Mid-Atlantic region and accelerate a shift of cargo to the US West Coast.
Xi holds the Trump card
So far, Beijing has been silent about how it will deal with this possible Made-in-America challenge. Premier Li Qiang recently presented his 'work report', the Chinese version of a budget speech, without revealing much about the country's economic strategy to deal with this and other issues. Chinese leaders are watching the evolving situation within its own economy and the US political scene, instead of rushing to formulate new policies.
ETMarkets Smart Talk: 5 factors could push India closer to China's weight in MSCI EM Index: Hemant Sood
The battle for dominance in the MSCI Emerging Markets Index between India and China hinges on sustained economic growth, reforms, demographic advantage, and challenges faced by China. However, potential hurdles include interest rate hikes, geopolitical tensions, market valuations, and challenges in the real estate, information technology, consumer goods, and pharmaceutical sectors.
Can China maintain growth and 'transform' its economy at the same time?
China has been here before: in 2013, President Xi Jinping unveiled a slate of bold economic and social reform plans in a 60-point agenda that painted a long-term picture of free markets and consumption-driven growth.
China aims for self-reliance in tech; vows to open manufacturing to foreign investors
The commitments, published during the annual meeting of parliament, delivered a clear message: China is open for business, as long as it fits with a national agenda now defined by a quest for self-sufficiency.
China warns local governments not to misuse tech innovation funds
The revised rules from China reiterate the need for local governments to report wasteful and illegal use of such funds to central government ministries, and warn against the use of such funds for debt repayment, pensions and civil servant salaries, according to a document on the website of China's ministry of finance.
Budget 2024: Could aggressive tax and regulatory reforms supercharge India's consumer industry?
The preferences of a tech-savvy and aspirational demographic are compelling companies to adapt, innovate and align their offerings to suit evolving demands.
Xiaomi to reveal its electric vehicle tech on December 28
Xiaomi plans to launch its first electric car by the first half of 2024. Earlier this year, the company had also conducted a test of its EV model, codenamed 'Modena', in China's Inner Mongolia Autonomous Region to assess its battery performance in extreme cold conditions.
India taking the Dragon head on & dimming lights of China, the world's factory floor
China+1: India's rise in global manufacturing challenges China's dominance. From 'Make in India' to 'Make for the World,' Narendra Modi's vision fuels India's rejection of Chinese influence and the Asian nations is becoming a great candidate for China+1 strategy. As India gains ground, China's decline signals a shift in global supply chains. However, India grapples with policy gaps in its industrial strategy
Chip wars: How 'chiplets' are emerging as a core part of China's tech strategy
Industry experts say chiplet technology has become even more important to China since the U.S. barred it from accessing advanced machines and materials needed to make today's most cutting edge chips, and now largely underpins the country's plans for self-reliance in semiconductor manufacturing.
Alibaba's restructuring plans revive China's foreign funding inflows
Exchange data shows net foreign buying of mainland-listed stocks every day since Alibaba announced its intention to split up and float its business units last week, for a record quarterly total.
China introduces new power structure to tighten control on data, tech, finance
The Chinese Communist Party (CCP) and President Xi Jinping are moving to tighten their grip on that data and capitalize on it economically as part of an overhaul of state and party institutions that is likely to change the way China operates for the foreseeable future.
Why China is turning the screw tighter on oversight of banking and tech
China is overhauling its government in order to address some of its biggest stated priorities, including the country's slow-motion housing crash and its battle over tech prowess.
The US and UK need immigration reforms to win in the global tech talent war
Ironically, it may be the Anglosphere economies’ very attractiveness to students, workers and entrepreneurs that allows its politicians to continuing putting off real reform. In the somewhat more sensible political climes of Germany, where the government officially targets 400,000 qualified foreign workers a year, only around 30,000 apply.
Load More
