CHINAS MINISTRY OF COMMERCE
Nvidia CEO Jensen Huang's secret affair: Why did US intelligence suspect Alice Huang of spying for China?
Alice Huang, a Chinese entrepreneur, is under scrutiny for alleged connections to the Ministry of State Security in China. US intelligence suspects she could have obtained confidential insights about Nvidia's CEO, Jensen Huang, raising questions about her impact on Nvidia's chip sales. As a precaution, Nvidia's board has begun evaluating its relationship with Huang and her enterprise amidst growing concerns over China's tech ambitions.
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.
DGTR recommends imposition of quantitative restrictions on soda ash imports for 2 years
The Directorate General of Trade Remedies has signaled its intention to introduce protective measures to curb the influx of soda ash imports. This action responds to an appeal from the Alkali Manufacturers Association of India due to a troubling spike in imports. The proposed two-year quantitative restrictions will allocate specific quotas per country, distributing these annual restrictions in quarterly segments to ensure domestic manufacturers are protected.
India-New Zealand FTA: Expanding India’s footprint in Oceania
More than a trade deal, the India-New Zealand FTA is a strategic gateway to new markets, fresh investment and stronger capabilities, positioning India to compete, connect, and grow across the Asia-Pacific.
Louis Vuitton’s Paris store window goes viral after surviving looting attempt during France riots. Who made the glass?
A Louis Vuitton boutique in Paris drew attention after its window cracked under repeated blows from a metal road barrier but held firm during an attempted break-in. The footage has sparked questions about the glass manufacturer, while claims linking it to a Chinese company remain unverified.
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.
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China's new export curbs draw a line around its AI crown jewels
The draft rules, released on October 16, distinguish between foreign customers using Chinese AI services and foreign companies obtaining the models, data or expertise needed to operate or reproduce them independently.
India, Mexico begin talks for trade pact; aim to boost commerce, investments
India and Mexico have initiated negotiations for a preferential trade agreement to enhance bilateral trade and investment. The agreement aims to create new economic opportunities while addressing market access, customs procedures, and trade facilitation. Discussions included organising a Mexican business mission to India in early 2027 to improve commercial ties. India had a trade surplus with Mexico, largely due to exports in autos and pharmaceuticals.
China's new export curbs draw a line around its AI crown jewels
The draft rules, released on October 16, distinguish between foreign customers using Chinese AI services and foreign companies obtaining the models, data or expertise needed to operate or reproduce them independently.
India, Mexico sign terms of reference to kickstart trade pact negotiations
India and Mexico have signed the Terms of Reference to initiate negotiations on a Preferential Trade Agreement. This agreement aims to enhance bilateral trade and investment opportunities between the two countries. Key negotiating areas include market access, customs procedures, and trade facilitation measures. Both delegations discussed organizing a Mexican business mission to India in early 2027.
India to emerge as major exporter to China, ASEAN, get edge in US trade pact, says Piyush Goyal
Commerce and Industry Minister Piyush Goyal highlighted India's potential to expand exports to China and ASEAN. Negotiations are underway for a trade pact with the United States that could provide India a comparative advantage. The country is also working towards an Investment Protection Agreement with the European Union. Goyal indicated that discussions for preferential trade agreements are progressing with multiple countries and groups.
India considers measures to boost local production of 100 critical inputs to cut import reliance, government official says
India is taking steps to encourage the local manufacturing of 100 key items that are currently imported. This initiative aims to decrease dependence on foreign suppliers, especially from China, to enhance domestic production capabilities. The government has identified these crucial items from a broader import list valued at $51 billion, which includes various sectors. By reducing reliance on imports, India hopes to strengthen its economy and mitigate supply chain risks.
We will see India becoming major exporter of goods and services to China: Piyush Goyal
Commerce and Industry Minister Piyush Goyal emphasised India's willingness to engage with Chinese suppliers. He highlighted the importance of fair play and judicial processes regarding pricing discrepancies. India aims to enhance exports to China and the ASEAN region over the coming years. Recent trade data shows a significant increase in India-China bilateral trade. The Indian government is also addressing concerns related to China's export controls on key machinery.
China is back in the bull semen market, but only the best will do
China has resumed imports of bull semen from Australia and Canada as it seeks to improve cattle genetics, increase beef production and boost dairy yields. Under stricter rules, imports must come from bulls ranked among the top 10% in their country of origin. The move follows years of trade restrictions that disrupted supplies and pushed some Chinese producers towards smuggled livestock genetics.
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 urges United States to halt proposed expansion of outbound investment curbs
China's commerce ministry has called on the United States to stop expanding investment restrictions related to sensitive technologies. These restrictions may negatively impact trade relations between the two countries following new proposals from the US Treasury. The US aims to prevent its capital from aiding foreign adversaries in developing dual-use technologies. Beijing firmly opposes these measures and may initiate countermeasures if the proposal is implemented.
China won’t stop its AI from going global, but it wants control over how it travels
Proposed rules from China have raised concerns that it could make it harder for its AI companies to take their models overseas, at a time when developers globally were turning to Chinese models as a cheaper alternative to US offerings.
China's DeepSeek, MiniMax win approval for AI global use, state media-affiliated entity says
In a separate social media post on Friday, the social media account, Yuyuan Tantian, said overseas internet users had also urged other Chinese open-source large language models to follow suit.
US bans BYD from air base in Japan over security concern: Report
The US armed forces have prohibited Chinese carmaker BYD's electric vehicles from Kadena Air Base in Japan. This decision is based on concerns regarding potential security risks associated with the company's technologies. Vehicles affected include those used by base personnel, contractors, and commercial entities. In June, the US added BYD to a list of companies alleged to support China's military activities.
India’s $100 billion European Free Trade Association cheque is slow to clear as Vietnam joins the club
Vietnam recently signed a free trade agreement with the European Free Trade Association, expanding its trade network. This agreement comes as India's interaction with EFTA continues to evolve, with potential impacts on competition. Both countries aim to enhance exports to these markets despite different timelines of agreement enactment.
Beijing blasts US sanctions on 5 Chinese firms tied to ex-Google engineer
The Trump administration's recent sanctions on five Chinese companies have drawn firm opposition from Beijing, with ties to Linwei Ding, who faces charges of trade secret theft from Google. The U.S. State Department pointed out that significant violations occurred after January 2023. China's commerce ministry firmly defended their AI progress as a product of independent innovation, signaling potential responsive actions without revealing specific plans yet.
China defends DeepSeek after US ban of its AI from government systems
In a fierce response to the US ban on DeepSeek's AI products, China has issued a grave warning about possible repercussions. The Department of Homeland Security directed federal agencies to remove all DeepSeek products. Beijing contends that this ban is not only unfair but also a threat to its economic interests, reproaching the U.S. for excessive national security measures.
ByteDance, Alibaba, Tencent place over $35 billion worth of Nvidia chip orders
US-based chipmaker Nvidia has told customers and partners it cannot guarantee that it can fill the orders because demand from Chinese technology companies far exceeds planned production, the two sources and a third person familiar with the matter said. They requested anonymity because they are not authorised to speak to the media.
China curbs spur push for local manufacturing
India's government will consult stakeholders on measures to mitigate the impact of Chinese export constraints. China recently imposed new restrictions on heavy machinery, such as tunnel boring machines, set to take effect soon. Indian officials assert that there should be no significant slowdown in highway development despite these curbs. The domestic construction industry is becoming increasingly self-sufficient regarding general equipment needs.
China announces export curbs on key machinery used in India's infrastructure development
Beijing has announced new export controls on essential machinery, which will impact India's infrastructure development. These restrictions will take effect on November 18 and apply to tunnel boring machines and related items. Additionally, the export controls include walking excavators and specific dredger-related items, complicating several Indian projects.
India's exports rise across geographies; Africa, ASEAN lead growth in Apr-Aug
India's merchandise exports increased significantly across different regions from April to August this fiscal year. Exports to Africa saw a notable rise of 47 percent, reaching USD 26.19 billion. The ASEAN region also experienced a substantial growth of 56 percent in exports, totaling USD 23.08 billion. Furthermore, shipments to North-East Asia rose by 37 percent, amounting to USD 21.03 billion. Overall, India's total merchandise exports rose by 18.
China proposes export controls on solar-manufacturing technologies
China is proposing new export controls on twelve solar technologies citing national security concerns and greater oversight requirements. These regulations aim to restrict technologies that are crucial in sensitive sectors such as aerospace and national defense. The proposed changes may impact companies like Tesla that are looking to expand production.
China eyes curbs on AI, biotech, solar exports
China has unveiled a draft for export controls targeting artificial intelligence and biotechnology technologies, aiming to impose a total ban on 14 specific technologies, notably harmful AI-driven code generation. Additionally, it seeks to limit exports of 26 other techs with potential hacking capabilities, addressing widespread concerns over technological misuse. This proposal is currently available for public feedback for one month.
India's trade deficit with China crosses USD 100 bn in first 9-months
India's trade deficit with China has climbed to USD 105.93 billion in the initial nine months of this year. However, it is noteworthy that Indian exports to China saw a remarkable increase of 40.7 percent during this timeframe. Overall, bilateral trade has expanded by 25.4 percent, as China’s exports to India have also increased.
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