CHINA FINANCE MINISTRY
China extends suspension of 24% tariffs on US goods by two months, retains 10% duty
China announced its decision to prolong the suspension of the extra 24% tariffs on US goods by two more months, keeping the 10% duty on American imports in place. This extension comes in light of a prior agreement made between the leaders of both nations, effective from November 10, 2025. The recent announcement signifies ongoing trade discussions and the complexities involved in US-China economic ties.
How China's clean-tech machine is reshaping the global climate fight
In 2024, China took the lead as the top investor in global clean technology, directing $132 billion to developing nations to aid carbon reduction efforts. This unprecedented infusion of resources could potentially reshape the landscape of international climate finance.
India flags Chinese-linked AI tools in hacking campaign against financial firms
India's cybersecurity agency named the hacking group behind a wave of AI-driven attacks on financial firms and identified its tools, at least two of them linked to China, adding India to a growing list of countries where
India will become the world’s largest economy by end of the century, predicts top economist Jeffrey D Sachs
Renowned economist Jeffrey D Sachs said India could become the world’s largest economy by the end of the century, with a population twice that of China. Speaking at the World Symposium on "Ancient Wisdom for Modern Challenges" in Varanasi, he said the world was moving towards a multipolar order where no single country or region would dominate.
Who sent $2 bn military equipment to Iran past US blockade? More than 5,000 agencies
Iran has developed a clandestine network involving over 5,000 agencies to import military equipment and evade sanctions. This network functions despite ongoing US naval blockades and sanctions since the war began. Extensive investigations reveal significant transactions and military logistics supporting their activities. The secretive agencies have been linked to the Islamic Revolutionary Guard Corps and elite controlled businesses.
Mbappe, Real Madrid and La Liga face long road to redemption in China
Kylian Mbappe, Real Madrid and La Liga have apologised after the footballer sparked outrage in China with comments about former leader Mao Zedong. The controversy has led major Chinese brands to cut ties with the French striker, while La Liga matches have been pulled from state broadcaster CCTV. Experts warn that the apologies may not be enough to repair the damage to their reputation and commercial interests in the country.
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Global FMCG giants find an Indian answer to their Western slowdown
Global consumer giants including PepsiCo, Nestle, Unilever, Pernod Ricard and Coca-Cola are increasingly looking to India for growth as demand slows in the US and Europe. Companies are betting on premiumisation, wider distribution and fast-growing channels such as ecommerce and quick commerce, with several reporting stronger momentum in India than in developed markets.
Global Market: Japanese investors extend foreign bond selling streak to six weeks
Japanese investors extended their selling streak in foreign long-term bonds to six weeks, although falling US Treasury yields slowed outflows. Meanwhile, they increased short-term bill purchases and foreign stock investments, while overseas investors returned to Japanese equities.
US-friendly nations slash treasury purchases by 60%, led by Asia
In the first eight months of 2026, countries aligned with the US purchased a net total of $174.3 billion in Treasuries. This amount represents a significant decline, reflecting a drop of over 60% from the previous year. It marks the lowest investment level recorded for this period since 2021. The data highlights a shift in fiscal relationships between the US and its partners.
India expected to extend duty-free cotton imports through December, sources say
India is expected to extend the 11% customs duty exemption on cotton imports until the end of December to ease supply shortages, lower domestic prices and reduce costs for textile mills. Domestic cotton prices have remained firm amid lower crop prospects, with output estimated below 29 million bales in 2026-27 against demand exceeding 34 million bales.
China faces fresh Indian duties on titanium dioxide imports: Anti-dumping levy of $460-$681 per tonne reimposed for five years
India has reimposed anti-dumping duties of $460 to $681 per tonne on specified titanium dioxide imports from China for five years, following a fresh investigation into injury to domestic manufacturers. The Finance Ministry notified the levy on Saturday. The move could raise input costs for paint makers and other industries, potentially affecting prices, while certain pharmaceutical, cosmetic, food and textile applications remain excluded.
China signals intent to push back against cleantech tariffs at COP31
China aims for the COP31 summit to discuss new challenges like tariffs on its clean technology. The country emphasizes the need for climate finance for developing nations as a priority at the conference. Officials have raised concerns over unilateralism and protectionism affecting global climate efforts. China also highlights its leadership in producing renewable energy technology such as solar panels and electric cars.
States may be nudged to go for agrivoltaic solar projects
States have been showing a lot of interest in this and in addition to the pilot that the Centre is doing, states such as Odisha, Madhya Pradesh, Maharashtra have been trying to actively facilitate this.
China says ready to address each other's concerns after Sitharaman flags trade barriers
China said it was ready to work with India to allay its concerns of rising trade imbalance. Finance Minister Nirmala Sitharaman said the trade imbalance was due to China's restrictions in market access to Indian goods and services. She said that India has not resorted to punitive tariffs to reign in large trade imbalances and prefers negotiations despite the process being time-consuming.
No love for the middle: CPHI Milan exposes India’s pharma scaling challenge
Indian pharma and chemical companies at CPHI Milan say the China+1 opportunity is real, but a “missing middle” in the MSME ecosystem, marked by financing gaps, limited scale and technology constraints, is holding back export growth.
Global Market: Japan five-year bond yield steady after strong demand at auction
Japan’s five-year government bond yield held steady at 2.34% on Wednesday after strong demand at a Ministry of Finance auction. Solid bid-to-cover ratios, easing French bond yields, and growing market expectations that the Bank of Japan is nearing the end of its rate hike cycle buoyed investor appetite.
Go On, Show Us the Money! Rs 3 lakh cr foreign outflows spark concerns about India's investment landscape
Foreign Portfolio Investors have withdrawn significant capital from Indian equities in 2026, raising concerns among officials. Despite these outflows, there is strong investment in Indian IPOs, highlighting a complex investment landscape. International investors are becoming selective, focusing on emerging sectors like AI and technology. India's investment appeal remains strong due to consumer market opportunities and manufacturing growth. However, India must enhance communication about its investment potential to attract global capital.
Taiwan says exports hit record in September on AI demand
The island is a powerhouse in the semiconductor sector, producing more than 90 percent of the world's most advanced chips used to train and power AI systems.
Global Market Today: Asian stocks drop on inflation concerns, oil gains
MSCI’s Asia Pacific index for equities slipped 0.3%, with shares in Japan and South Korea falling, while markets in mainland China return from a holiday. Shares of Samsung Electronics Co. fluctuated between gains and losses after the chip bellwether reported record profit but still missed estimates.
India, US discuss stronger defence ties, maritime security as Admiral Paparo visits New Delhi
India and the United States are enhancing their defence and strategic partnership under the leadership of Defence Secretary Rajesh Kumar Singh. Admiral Samuel Paparo's visit to India included discussions on regional security challenges and technology cooperation. High-level meetings were held with senior Indian defence officials, including Chief of Defence Staff General N. S. Raja Subramani. The discussions emphasized shared security priorities and maritime coordination in the Indo-Pacific region.
India launches anti-dumping probes into five Chinese products after domestic industry complaints
The Directorate General for Trade Remedies in India is probing complaints from domestic producers about six imported products from China. Accusations of dumping have led to demands for anti-dumping duties. Additionally, the agency is also assessing Insoluble Sulphur imports. This comes as the trade deficit with China intensifies, along with continued investigations focused on multiple products' import practices.
Rupee headed to 100? How much the psychological red line matters
India's rupee has slipped past ₹96 as high US Treasury yields, elevated oil prices and foreign portfolio outflows strengthen the dollar. The IMF says India can allow the exchange rate to act as a shock absorber, while the RBI weighs intervention against reserves, inflation and external risks. Experts debate whether gradual depreciation could improve competitiveness without triggering imported inflation.
More than 1,400 years ago, China challenged hereditary privilege with civil service exams; centuries before Max Weber explained the bureaucracy modern states rely on
In 581 CE, Emperor Wen of the Sui Dynasty abolished China's Nine-Rank System, an ancient framework that reserved civil appointments for landed aristocratic families. Imperial authorities instituted competitive written examinations, creating the foundation for theKeju. Under the subsequent Tang and Song dynasties, this testing apparatus became the primary mechanism for state administration.
Haier, Godrej, Blue Star failed to detect fake e-waste recycling claims, India notice shows
Indian tax authorities have identified major appliance companies incorrectly claiming tax credits for non-existent e-waste processing services. The companies relied on documents from a recycler accused of fabrication and lacked verification of actual work done. Haier, Godrej & Boyce, and Blue Star face penalties for these false claims, totaling about $714,000. Investigators have found manipulated photographs used to support compliance with recycling regulations.
FM Sitharaman meets AIIB President, suggests expansion of financing beyond physical infra
Finance Minister Nirmala Sitharaman met Asian Infrastructure Investment Bank (AIIB) President Zou Jiayi and suggested the bank expand its focus to include newer infrastructure that centres on AI, MSMEs, and skilling. She reiterated that the bank's regional centrality should continue to remain a defining institutional characteristic and an important anchor of its mandate. Both leaders discussed AIIB's robust pipeline of projects in India and its expanding global presence.
China rolls out new measures to bolster its property sector and economy
China rolled out new measures to help its sluggish property sector amid rising pressure to hit the government's year-end growth goal. China's central bank, the People's Bank of China is lowing its interest rates for its pledged supplementary lending (PSL). The central bank will also increase the quota of relending for technological innovation by 200 billion yuan (about $30 billion) to a total of 1.4 trillion yuan ($208 billion). Chinese leaders are targeting a 4.5%-5% growth rate for the country's economy for the entirety of 2026.
China rolls out new measures to bolster its property sector and economy
China rolled out new measures to help its sluggish property sector amid rising pressure to hit the government's year-end growth goal. China's central bank, the People's Bank of China is lowing its interest rates for its pledged supplementary lending (PSL). The central bank will also increase the quota of relending for technological innovation by 200 billion yuan (about $30 billion) to a total of 1.4 trillion yuan ($208 billion). Chinese leaders are targeting a 4.5%-5% growth rate for the country's economy for the entirety of 2026.
Websol Energy secures 54-acre land in West Bengal for 4GW solar manufacturing plant
Websol Energy System has secured 54 acres in West Bengal’s Falta Industrial Park to set up a new solar manufacturing facility.
Govt eyes Rs 20,000 crore fund to power up frontier AI and compute ecosystem
The proposed National Frontier AI & Compute Fund (NFAICF) under the IndiaAI Mission is still under consultation, and its final size, structure, governance and the role of government capital are yet to be decided, people aware of the discussions told ET.
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