The onshore renminbi gained almost 4% in the three-month period ending Sept, the most since early 2008, while its offshore counterpart advanced more than 4%.
The problem with such spending is that these construction projects struggle to generate sufficient revenue and end up adding to the debt of local governments.
China's new economic strategy for the next 5 years will include a new ambition to ramp up domestic consumption and make more critical technology at home.
Military action or not, China is not going anywhere soon from our territory. Hence, India should continue to hit China where it hurts the most – economy.
China's July data showed industrial output rose 4.8% in the month from a year earlier, the same as in June. Sales abroad also jumped as factories and retailers elsewhere re-opened.
Xi said China should speed up its 'dual circulation' growth model with a focus on boosting local output, while drawing in foreign investment and stabilising trade.
Among other issues, officials are under the pump to get migrant workers back to work as quickly as possible, after the lockdown drained them of cash and disrupted their lives.
The wait-and-see approach is being fed by govt statistics indicating that the epidemic itself is being brought under control, which may save China the need to spend big.
In 'All the Wrong Turns', T.C.A Ranganathan and T.C.A Srinivasa Raghavan explain how Deng Xiaoping's SEZ project in 1970s set the pace for China's economic rise.
News channels were also in two minds about removing stray dogs to the government dog pounds. NDTV took credit for it and CNN-News 18 called ‘controversial order’.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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