Xi Jinping News
China’s Strategy To Replace U.S., Europe In Africa: Is The Continent Getting A Fair Deal?
Mega Projects in Africa by China | China-Africa Summit | Forum on Chinese and African Cooperation | China-Africa Deal | Job, Space, Infrastructure Investment Deal with Africa 50 billion dollars in investment, 1 million jobs, partnerships in various sectors including high-tech sectors like space, mega infrastructure projects, and more have been promised by China to 53 African countries who attended the China-Africa Summit also known as the Forum on Chinese and African Cooperation held recently in Beijing. With those promises, China consolidated its friendship with 53 African Nations, out of 54. At the same time, the U.S. and Europe are busy dealing with their own economies and conflicts between Russia and Ukraine, and Israel, Palestine, and Iran. The question many are asking is if African countries are getting a fair deal in the process or if this is another debt trap being set by China. In this video, Abhishek Singh, Deputy Editor, Mint explains the summit’s outcomes and how China is silently replacing the U.S. and other Western powers in Africa.
10 Sep 2024China Beats US To Became India’s Biggest Trading Partner | PLI Schemes, Make-In-India Not Working?
China is now India’s biggest trading partner. Trade between the two countries has grown by 4% from last year to $118.4 billion. China replaced U.S. after a gap of two years. Watch this video to find out why India’s trade with its not-so-friendly neighbour to the East is proving difficult for India to curb.
16 Jul 2024Why Did Elon Musk Land In China Days After Postponing India Visit? 5 Key Reaons
Just over a week after postponing his India trip citing very heavy Tesla obligations, Elon Musk landed up in China, practically unannounced. In Beijing, he met China’s number 2 official, Li Qiang. China is Tesla’s second largest market, and hence extremely important for Musk. But this particular visit at this particular time was extremely crucial for the EV maker, here’s 5 big reasons why!
29 Apr 2024Muizzu Repeats Mentor’s Mistake, IMF Warns Maldives Of ’High Debt Distress’ Amid India Vs Maldives
From 2013 to 2018, former Maldives President Abdulla Yameen borrowed heavily from Beijing for construction projects. In 2021, Maldives foreign debt was 3 billion dollars, according to the World Bank. In November 2023, IMF warned Maldives that they’re at a high risk of external debt distress. Now, IMF has raised a red flag again, saying that they’re at a high risk of debt distress. Without getting into exact details of the foreign debt, IMF says that Maldives must URGENTLY adjust their policy. But Muizzu seems to be set on repeating his mentor’s mistake. Watch
9 Feb 2024Rise & Fall Of Evergrande: Was China’s Largest Property Developer, Now Told To Liquidate | What Next
In 1996, businessman Hui Ka Yan founded Evergrande, which went on to become China’s largest property developer. Hui Ka Yan was once the richest man in Asia, a self made billionaire. But in 2021, the property giant ended up becoming the symbol of China’s property crisis. They were declared to have defaulted on their debt after missing a crucial repayment deadline, which ended up triggering the real estate market crisis at China is currently in Now, this mega real estate giant has now been asked to liquidate all its assets. After an 18 month hearing, a court in Hong Kong has said enough is enough. But what went so wrong for the conglomerate, and what next? Watch
30 Jan 2024Why China’s Population Decline Will Deepen Their Economic Woes
China’s population has not just declined for the second year in a row, it’s declined by triple the amount as compared to last year. This spells more trouble for the world’s second largest economy, which is already reeling under high levels of unemployment, a huge real estate sector crisis and an ageing population. Watch
19 Jan 2024Why China’s Population Decline Will Deepen Their Economic Woes | China Property Crisis | Explained
China’s population has not just declined for the second year in a row, it’s declined by triple the amount as compared to last year. This spells more trouble for the world’s second largest economy, which is already reeling under high levels of unemployment, a huge real estate sector crisis and an ageing population. Watch
19 Jan 2024Paranoia Grips China; iPhone Use Banned For Government Officials | Report
Amid increased tensions between the U.S. & China, paranoia in China is at its peak. According to a Wall Street Journal report, China has expanded its ban on the use of iPhones and other foreign-branded devices by government officials.
7 Sep 2023‘Russia, China Less Likely To Sign…’; Could G20 End Without Joint Communique? | Details | In Focus
With Russian foreign minister Sergey Lavrov insisting that his country will block any G20 summit declaration that doesn’t reflect Moscow’s views on Ukraine and other crises. And U.S. is unlikely to agree to the Russian demands, the G20 summit which is now just days away, runs the risk of ending without a joint communique.
7 Sep 2023U.S. Bans Investments In Chinese Tech Sector; Move Likely To Further Fuel Tensions | In Focus
U.S. has decided to ban new investments in Chinese tech companies. While it is not a blanket ban, it targets sharing of US expertise in sensitive areas like semiconductors, artificial intelligence, microelectronics and quantum information technology companies. U.S. fears China might use the expertise offered by U.S. investors to develop military technologies. This step is likely to further fuel the tensions between the two countries.
10 Aug 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared