Xi Jinping has accumulated great power, but he faces trials that are just as great, says Claude Smadja.
Chinese tech unicorn ByteDance co-founder billionaire Zhang Yiming on Thursday announced that he will step down as CEO, in a surprise move that signalled a major leadership shake-up at the nine year-old technology firm which created popular global short-video app TikTok. Zhang, 38, who is one of China's wealthiest entrepreneurs, said he is ready to step down after nearly a decade of running the world's largest unicorn, becoming the latest among the country's technology founders to quit in their prime. Zhang will step down from his role as CEO of the Beijing-based ByteDance, giving up his day-to-day responsibilities to "be more impactful on longer-term initiatives," the Hong Kong-based South China Morning Post quoted the company announcement on Thursday.
'The mood in Beijing is already nervous and feverously watchful.' 'Developments in China will be scrutinised as intensely and nervously as the ones in Washington,' says Claude Smadja.
The destabilising and corrosive behaviour of the Chinese Community Party in the Indo-Pacific region is simply not helpful and some of the defence infrastructure that is being set up by China near its border with India is alarming, US Army's Pacific Commanding General Charles A Flynn said on Wednesday.
'Building on the potential for closer ties is the changing narrative in each country about the other. The Chinese narrative on India has become significantly more positive over the past few years,' says Walter Andersen and Zhong Zhenming.
'We had tremendous faith in honorable Modiji in his second term as he was well-settled. Sadly that has been belied.'
Indian cities need $840 bn investment over 15 yrs, says World Bank report.
The chaos on its stock markets, a fierce battle between the old and new guard in the Communist Party and the restive border provinces of Tibet and Xinjiang forebode tough times ahead for China, says Claude Arpi.
India's rural employment guarantee programme MNREGA has been ranked as the world's largest public works programme, providing social security net to almost 15 per cent of the country's population, the World Bank has said.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
Quite a few Hindi films have taken up issues related with sex, and managed to shine the torch on some pertinent issues.
Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
Indian graziers were stopped by Chinese troops from moving ahead near the Line of Actual Control (LAC) in the Demchok region of eastern Ladakh over a week ago, people familiar with the development said on Monday.
China's CSI300 stock index shed 1.1 per cent, hitting a five-week low, while shares of Hong Kong-listed Chinese companies sagged 0.9 per cent.
In the prevailing difficult circumstances, the Congress is the only party that can provide capable and decisive leadership to the country, Kharge asserted.
Global warming can cause extreme floods and droughts and can mean snowfall is replaced by rain, with higher evaporation rates.
Chanda Kochhar is among the three Indians in Time's Most Influential list.
Official sources said Tuesday's incident at Pangong and ways to maintain peace and tranquility along the Sino-India border in Ladakh were discussed at length at the border personnel meeting.
Why is Xi Jinping visiting Saudi Arabia, Egypt and China this week? Former RA&W officer Jayadeva Ranade explains the significance of China's outreach to the Middle East.
The Asian Development Bank (ADB) on Wednesday slashed India's GDP growth forecast for FY23 to 7 per cent from the earlier estimate of 7.2 per cent mainly on account of higher inflation and a tight monetary policy. India's economy grew 13.5 per cent year-on-year in the first quarter of 2022-23, reflecting strong growth in services, ADB said in its second supplement to Asian Development Outlook Report 2022 (ADO 2022). "However, GDP growth is revised down from ADO 2022's forecasts to 7 per cent for FY2022 (ending March 2023) and 7.2 per cent for FY2023 (ending March 2024) as price pressures are expected to adversely impact domestic consumption, and sluggish global demand and elevated oil prices will likely be a drag on net exports," ADB said.
'Every time a new tech comes in, there are a set of people who will predict that this will be the end of Indian IT and every time the Indian IT industry and overall technology providers have proven to be resilient.'
"All temporary structures and other allied infrastructure created in the area by both sides have been dismantled and mutually verified. The landform in the area has been restored by both sides to the pre-standoff period," the Army said in a statement.
China will also set up 50 joint laboratories with countries participating in the Belt and Road initiative to enhance cooperation on innovation.
'India and China have to make concrete progress with regard to the border issue, addressing the trade deficit, and facilitating people-to-people interactions. This has to happen in the next two, three years.' China expert Tansen Sen tells Sheela Bhatt/Rediff.com how India and China can take their relations to the next level.
The death toll in the Chinese cruise ship that capsized in the mighty Yangtze river on Saturday jumped to nearly 400 as hundreds more bodies were found by disaster teams, making it China's deadliest boat disaster in 70 years.
Italy, Greece, South Korea, Taiwan and Turkey also figure in the list released by Pompeo, who said over 20 countries have cut their oil imports from Iran, reducing purchases by more than one million barrels per day.
'Whichever option India chooses, it should be clear to the government that the China-Pakistan nexus poses a clear and present danger to national security,' says Brigadier Gurmeet Kanwal (retd).
'India has the potential to do a lot more to take advantage of the time today where we stand to gain, geopolitically and in terms of market attractiveness.'
Why is China's supreme leader promoting Han Chauvinism so aggressively, asks Claude Arpi.
We're behaving like frogs in warm water. We swim around untroubled, cooled by our faith in Indian liberal democracy. We are blind to the bubbles popping around us, the bubbles warning of fundamental changes, says Mihir S Sharma.
Bhargav Dasgupta, managing director and chief executive officer of ICICI Lombard, tells Subrata Panda, in an interview that the company has adequate capital for now and does not see a need for fresh infusion through markets over the next few years.
The prejudices the Chinese carry with them mean they are not natural global managers.
Outlining eight "pillars" for the future of India-China relations, President Pranab Mukherjee on Wednesday underlined the need for comprehensively resolving challenges including the boundary question through "political acumen" and "civilisational wisdom".
'Mahatma Gandhi's principle of non-violence was all-encompassing -- human against human, human against animal and more importantly human against nature.'
The yellow metal has risen 6.6 per cent since mid-August
Srikanth Kondapalli on what to expect from the seventh BRICS summit meeting to be held in Russia in July.
'Extending the range of the DF-21D could challenge Indian aircraft carriers if the missiles are launched from southwest China. Also, if Pakistan acquires these systems, these missiles could directly challenge India's aircraft carriers.'
'Wang Yi said the border issue is important and we should stay committed to peacefully addressing it through consultation and coordination.'
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The World Bank in its report said the relative importance of remittances as a source of external resources is expected to increase further.
