Dragon enters SDR league; poses challenge to dollar-dominant trade

How the Chinese Central Bank manages with market forces in allowing them to determine currency valuation remains a real challenge By Sai Nikesh D Reflecting the relative importance of Chinese currency in the global trading and financial systems, the International Monetary Fund (IMF) on November 30 announced inclusion of the Chinese Renminbi (RMB) into the … More Dragon enters SDR league; poses challenge to dollar-dominant trade

India to up services exports to China to fill trade gap

There is a need for India to expand its presence in Chinese markets so as to overcome the issues of trade imbalance with China, without interrupting the bilateral trade flow between the two economies. By Sai Nikesh D In a move towards bridging a widening trade deficit with China, the Government of India (GoI) is … More India to up services exports to China to fill trade gap

Steel producers ask Centre to act against growing imports

India’s steel imports during a period between April-January of the current financial year, stood at 8.1 million tons against 4.8 million tons year-on-year, registering a growth of 69%. In calendar 2014, India’s imports from China alone totaled 2.83 million tons compared to 1.25 million tons, an increase of 128%.  By Sai Nikesh D The domestic … More Steel producers ask Centre to act against growing imports

India’s trade initiatives put China on the backfoot

According to the defence reports, India in view of easing norms to roads and military facilities along its disputed border with China, has also commenced working on building six airports across the region, with an aim to develop air connectivity across the region. By Sai Nikesh D If defence sources are to be believed, India … More India’s trade initiatives put China on the backfoot

India ramps up rare-earths production to meet Chinese challenge

In the wake of China’s growing global dominance over rare earth supplies, increasing supplies by India would be good news for countries like Japan, which have been trying to get rid of dependence on China for imports By Sai Nikesh D Several countries, including India, are beginning to tap into their rare earths reserves to … More India ramps up rare-earths production to meet Chinese challenge