Unless India lines up a ‘Plan B’ before Modi govt can nix the model it has come to depend on, the unimpactful attempts to hurt China economically will continue.
Debt owed by China’s famed local-government financing vehicles (LGFVs) reached roughly $7.8 trillion in 2022, almost double that of 2017, according to IMF report.
Although a modest bounce back for China cannot be ruled out, the widely anticipated challenge it was supposed to pose to Western strategic dominance is still some ways away.
China’s GDP grew by just 3% last year, funneled by 3 years of Covid-19 crisis in its property sector, a crackdown on private enterprise & weakening demand for exports.
Chinese citizens are looking for ways to relocate abroad rather than just move their assets. But Xi Jinping’s tactic to exert ‘ethnonationalist power’ won't be easy to escape.
China's regional officials lobby ministries for infrastructure projects at their high-end 'Beijing offices' where they also operate hotels, bars, restaurants, karaoke boxes.
Hukou is a household registry allowing citizens to access social benefits, education, purchasing property, and other government services in the area they live.
Business leaders now openly say that Beijing’s zero-Covid policies are slowly destroying the economy. It is becoming difficult for many to justify Xi’s ‘common prosperity’ campaign.
The slowdown in China’s growth worsened in the first quarter and markets should be concerned about a further slide in the second, economists at Nomura Holdings said.
The Supreme Court’s judgment pushes the conversation in the right direction, but it does not resolve the full range of structural issues that determine how tribunals work on the ground.
The Centre is considering an increase in the National Company Law Tribunal's bench capacity, while the Standing Committee of Finance suggests fast-track courts.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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