Deepak kumar Blogs

'The tsunami is coming': China's global exports are just getting started For decades, the world's largest car factory was Volkswagen's complex in Wolfsburg, Germany. But BYD, the Chinese electric carmaker, is building two factories in China, each capable of producing twice as many cars as Wolfsburg. Recent data from China's central bank shows that state-controlled banks lent an extra $1.9 trillion to industrial borrowers over the past four years. On the fringes of cities all over China, new factories are being built day and night, and existing factories are being upgraded with robots and automation. China's investments and advances in manufacturing are producing a wave of exports that threatens to cause factory closings and layoffs not just in the United States but around the globe. "The tsunami is coming for everyone," said Katherine Tai, who was the United States trade representative for former President Joe Biden. President Donald Trump's st...

  Chinese stocks rebound from historic rout as state funds step in China’s stock market rebounded after a steep selloff at the start of the week, as a group of state-linked funds known as the national team scooped up assets and the central bank promised loans to help stabilize the market. The Hang Seng China Enterprises Index rose as much as 3.5% after its worst day since the financial crisis on Monday, while the CSI 300 rose 0.7% following a 7.1% plunge. Chinese authorities have moved quickly to address the tariff-induced slide in stock prices, using a mix of verbal reassurances and behind the scenes support. The People’s Bank of China sent the latest signal in a statement before the market opened, promising more funding to help a sovereign fund buy stocks. Beijing’s attempt to address the turmoil is a contrast to the response of officials in the US, where stocks have also been rocked by fears over a growing trade conflict behind the world’s two biggest economies. While US Preside...

  Focus on early India-US trade pact in talks between Rubio and Jaishankar DAYS BEFORE the 26 per cent reciprocal tariffs imposed on India by the President Donald Trump-led US administration come into effect, External Affairs Minister S Jaishankar spoke to US Secretary of State Marco Rubio on Monday. The two sides “agreed on the importance of the early conclusion of the Bilateral Trade Agreement”. India and the US started negotiations on the trade deal after Prime Minister Narendra Modi met Trump in Washington DC in mid-February. “Good to speak with @SecRubio today. Exchanged perspectives on the Indo-Pacific, the Indian sub-continent, Europe, Middle East/West Asia and the Caribbean... Agreed on the importance of the early conclusion of the Bilateral Trade Agreement. Look forward to remaining in touch,” Jaishankar posted on X after the phone conversation. Last week, contrary to Delhi’s expectations that India may be spared, the  US announced reciprocal tariffs . While the 10 pe...