China has allowed private firms to issue bonds at a lower interest rate as it looks to provide stimulus to its economy. Companies are, in turn, using them to pay off their debts.
Developing countries reliant on China are taking softer approach to fighting coronavirus as they balance health concerns and the potential economic fallout.
The number is significant as China's GDP expanded to $14.38 trillion from $13.1 trillion in 2018 and stayed above the psychologically important 6% mark.
This is the first meeting of China’s ruling party since February 2018 and President Xi Jinping looks set to solidify control over the party & the country.
With the Chinese economy having expanded threefold since 2008 along with its growing size of domestic market, it will soon join the ranks of technologically advanced countries.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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