Employees work on a drilling machine production line at a factory in Zhangjiakou, Hebei province, China. Reuters
Steep drops in auto sales for China and India over recent months are serving as a painful reminder that the world’s two most populous markets are not living up to the earlier heady expectations.
BEIJING: China’s exports rebounded in March but imports shrank for a fourth straight month and at a sharper pace, painting a mixed picture of the economy as trade talks with the United States reach their endgame. Investors are hoping for signs of economic recovery in China
South Korea’s exports in May fell more than expected and for a sixth consecutive month from a year earlier, official data showed on Saturday, as expanding trade friction between the major economies darkened the prospects.
Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, on Sunday chaired the 59th meeting of the Gulf Cooperation Council (GCC) Commercial Cooperation Committee, under the framework of the UAE’s presidency of the current session of the GCC.
Exports of Dubai Chamber members exceeded a combined value of Dhs45 billion between June and August 2020, marking a 7.4 per cent increase compared to the March-May period during the same year.
India plans to offer $4.6 billion in incentives to companies setting up advanced battery manufacturing facilities as it seeks to promote the use of electric vehicles (EVs) and cut down its dependence on oil, according to a government proposal.