China's post COVID-19 pandemic economic rebound showed signs of slowdown as the economy grew at 7.9 per cent in the second quarter compared to a record 18.3 per cent in Q1, while the GDP expanded 12.7 per cent year on year in the first half amid the continued global spread of the coronavirus and unbalanced domestic recovery. In the second quarter, the GDP of the second largest economy in the world grew 7.9 per cent year on year, the data released by the National Bureau of Statistics, (NBS) on Thursday showed. On a quarterly basis, the economy expanded 1.3 per cent in Q2.
ONGC was the top loser in the Sensex pack, shedding around 5 per cent, followed by Sun Pharma, PowerGrid, Bajaj Finance, IndusInd Bank, Dr Reddy's and Maruti. On the other hand, Reliance Industries, Titan, HDFC Bank and ITC were the gainers.
China's GDP took the worst hit since the disastrous Cultural Revolution in 1976, plummeting by 6.8 per cent in the first quarter of 2020 as the country took unprecedented measures to fight the coronavirus pandemic that brought the world's second largest economy to a standstill. China's gross domestic product stood at 20.65 trillion yuan (USD 2.91 trillion, approx) in the first quarter of 2020 amid the Covid-19 impact, down 6.8 per cent year on year, China's National Bureau of Statistics (NBS) said on Friday.
Hiccups in Chinese economy and the overall strength of the dollar will continue to be a drag on the rupee in the coming year
The Chinese economy is not collapsing, it is shifting to different growth drivers which the old metrics used to judge China do not pick up.
The time is ripe to extend the confrontation with the Chinese to the maritime domain, says former RA&W officer Krishan Varma.
Chinese foreign policy will acquire a more ideological and less pragmatic character. It will be conducted with more nationalist overtones, predicts former foreign secretary Shyam Saran.
Difficulties in containing the virus, an anaemic policy response, and underlying vulnerabilities, especially across the financial sector, are leading us to expect growth to fall by 5 per cent this fiscal year before rebounding in 2021, S&P said in a report.
Interestingly, the task of finding out how the Chinese economy is faring has been given to the covert agencies. According to top sources in government, the report concludes that the Chinese economy's recent performance suggests more similarities with India than thought of earlier. While China's manufacturing sector comprises 7-40 per cent of GDP, the National Bureau of Statistics, says it is the decline of agricultural production that is a cause for worry.
'It is not a matter of fixing the military problem up there in the Himalayas and the retreat of the two militaries.' 'India has to find a way to correct the racist and very patronising views of India in the Chinese mind.'
The BSE 30-share Sensex has plummeted by 1,631.59 points or 6.24% to 24,485.95 so far this month
'Outside investors don't want to get tangled up in a religious war.'
The Sensex, which began the year at 26,160.90 level, has shed nearly 1,400 points.
The BCCI is open to reviewing its sponsorship policy for the next cycle but has no plans to end its association with current IPL title sponsor Vivo as the money coming in from the Chinese company is helping India's cause and not the other way round, Board treasurer Arun Dhumal said on Friday. Anti-China sentiments are running high in India following the border clash between the two countries at Galwan valley earlier this week. The first skirmish at the India-China border in more than four decades left at least 20 Indian soldiers dead.
The first-quarter growth exceeded market estimates of 7.3 per cent, China's National Bureau of Statistics said on Wednesday.
Markets will continue to remain volatile till the Chinese economy shows some signs of stability
'The Chinese made their point repeatedly after August 5. They backed Pakistan more overtly than in the past.' 'Kashmir is not completely off their radar. But in order to keep the atmosphere surrounding the Chennai meeting, they did not discuss Kashmir.'
Before investing in commodity stocks, investors need to consider companies' cost efficiency, diversification and valuations.
Li's comments comes in the wake of speculation that the government could come up with a bailout package like the massive $645 billion in 2008-09 to insulate Chinese economy from global financial crisis.
It was a "bloody Monday" for Chinese stock markets as shares once again nosedived in the sharpest decline since 2007.
Let's take a look at some of the most powerful Chinese brands in the world.
The NSE index Nifty ended above the 10,500-mark.
By 2013, the Chinese economy had become 2.7 times India's.
Moody's, on Thursday, reaffirmed its positive rating outlook for the Chinese economy on the back of favourable medium-term growth prospects.
'We don't need to hinge India-UK relations on shared hostility toward China,' observes Ambassador M K Bhadrakumar.
The dim economic indicators for August may push authorities to more aggressively fine-tune economic policy in the short term, economists said.
In six years, China is set to build world's biggest mega city developing nine cities around the Pearl River Delta.
China could become the world's largest economy (by nominal GDP) by 2020.
The managing director of the International Monetary Fund, on a two-day visit in New Delhi, was speaking at a conference on growth aspects of Indian and Chinese economies.
The deteriorating situation in China, a market that businesses around the world rely upon for growth, has spooked investors and prompted warnings from top companies like Apple.
Most analysts had predicted a decline in real estate fixed asset investment.
China's GDP in 2011 was $6.99 trillion, or nearly four times India's $1.84 trillion.
India's service sector proportionately much larger than China's, while its investment and industrial-production shares are much lower
One Chinaman is three time more productive than an Indian at the workplace through his life, observes Virender Kapoor.
He added that the risks can increase if the Chinese slowdown gathers more speed.
An economic superpower, China is marching ahead to become the world's largest economy.
The experts also said China's military 'misadventure' may have been driven in part by President Xi Jinping's attempt to show 'gains somewhere" after the growing global criticism against his country over the origin of COVID-19.
Interestingly, in his entire remarks, Modi never once mentioned regional security, Ambassador M K Bhadrakumar points out.
Govt may further hike excise on petrol, diesel before Budget.
Taking a swipe at the Opposition, Jaitley said people have to decide between a government led by one captain or a team of 11 players, and that of 40 captains.
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