Job losses, salary cuts and shutdowns: This country is in massive danger due to Trump's taxes, the country is...
US-China trade war: In a major update amid the global trade war initiated by the United States of America, under the leadership of Donald Trump, media reports have indicated that the new US tariffs are forecast to sharply reduce Chinese corporate profits, particularly in technology, manufacturing, and export-driven sectors. As a result of the ongoing trade tussle between US and China, China is expected to be massively impacted by widespread job losses, business shutdowns, and a wave of bankruptcies. Here are all the details you need to know about the economic trouble expected in China.
Although it may seem that China is not facing any substantial challenges on the economic front due to its political posturing, media reports say that China is planning to tackle the trade war with expanding its presence in alternate markets, stimulating domestic consumption, and adapting its trade and economic policies. Why tariffs on China is good news for India?
Due to the rising tariffs on China, a report by State Bank of India (SBI) has indicated that India has a significant opportunity to increase its chemical exports to the United States if it manages to negotiate for less than 25 per cent tariffs. As reported by ANI news agency, the SBI report noted that by capturing a part of the market share currently held by China and Singapore, India can increase its share in chemical exports to US. How India can beat China?
The report highlighted that if India is able to capture just 2 per cent of the chemical export share from these two countries, it can potentially add 0.2 per cent to its Gross Domestic Product (GDP). The report pointed out that among the top five imports by the USA, India has a revealed comparative advantage (RCA) only in the chemicals sector.
With China now facing higher tariffs on exports to the US, the report notes that this could open a window of opportunity for India to step in and increase its exports in chemicals, including pharmaceutical products.
(With inputs from agencies)
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Mint
19 minutes ago
- Mint
China's Xi gives up air miles for more time at home
The most well-traveled leader in China's history has reduced his international journeys in recent years, easing a once-packed diplomatic schedule that had honed his reputation as a globe-trotting statesman. Xi traveled to 10 countries across four overseas trips in 2024, and five nations over three trips in the first half of this year, compared with his average of visiting about 14 countries a year between 2013 and 2019, and a 20-nation peak he set in 2014. Since resuming foreign travel in 2022 after a 32-month pause during the Covid pandemic, he has yet to match the peripatetic pace he set during his first two terms in power. Xi and his wife Peng Liyuan disembarked from a plane in Bali, Indonesia, in 2022. This month, Xi skipped an annual summit of the Brics bloc of emerging nations after participating in the past 12 meetings—the second time in two years that he missed a major international gathering where he had been a fixture. Both times he sent Premier Li Qiang, one of Xi's top lieutenants, to represent Beijing. Meanwhile, a China-European Union summit originally set to take place in Brussels this year was moved to Beijing after Chinese officials signaled to EU counterparts that Xi had no plans to visit Europe this year, according to a person with knowledge of the matter. Xi is scheduled to meet EU leaders in Beijing on Thursday when they visit for the summit. Chinese officials haven't explained why Xi chose not to travel for these events, or commented on his reduced foreign visits. China's Foreign Ministry didn't respond to a request for comment. Some analysts say Xi, 72, may be dialing back his travels to devolve some of the many responsibilities he wields as leader, particularly as he grows older and approaches the end of his third five-year term as Communist Party chief in 2027. 'Xi is increasingly willing to delegate the operational bits of foreign policy to his trusted interlocutors," said Dylan Loh, an assistant professor at Singapore's Nanyang Technological University who studies China's diplomacy. Xi may be doing so to better manage his energy, given his age, and to prioritize domestic issues as Beijing grapples with persistent economic headwinds such as weak consumer demand, according to Loh. 'China is certainly not taking its eyes off foreign policy," Loh said. 'But it seems to me that Xi is now content with exercising broad strategic direction and while selectively choosing his trips abroad." Since taking power in 2012, Xi has used his foreign excursions to expand China's economic and political reach around the globe—and stamp his mark as a world leader. These trips have often come with promises of infrastructure investment and deeper trade ties, aimed at positioning Beijing as a benign partner and strategic counterweight to Washington. More recently, China is also trying to capitalize on what many see as a U.S. retreat from global leadership, marked by President Trump's moves to cut foreign aid, sideline multilateral institutions and impose tariffs on adversaries and allies alike. Xi has sought to cast China as a responsible power and a source of stability, using a mix of political, economic and soft-power tools to reshape global narratives in Beijing's favor. To that end, Xi has stayed active on the diplomatic circuit—as a host. China lifted its Covid border controls in late 2022, and foreign leaders have been traveling there at a frequency similar to prepandemic levels. In 2023, Xi hosted at least 74 visits by foreign heads of state and government, as well as de facto leaders, according to a Wall Street Journal review of Chinese Foreign Ministry disclosures. The count, which includes repeat visits by some leaders, rose to 84 last year, compared with the average of about 76 trips that Xi hosted annually between 2013 and 2019. Xi has welcomed leaders from more than a dozen countries so far this year, including Australia's prime minister, who visited Beijing this month. Xi is expected to host more foreign counterparts visiting China later this year to attend diplomatic summits and a military parade. Xi's lieutenants have picked up the slack in foreign travel. Li, during his first full year as premier in 2024, journeyed abroad at a pace similar to that set by his predecessor, Li Keqiang, before the pandemic. Li Qiang traveled to 13 countries last year, matching the number that Li Keqiang visited in his most prolific year in 2014. Another frequent flier is Liu Jianchao, a veteran diplomat and chief of the Communist Party's International Department, which handles relations with foreign political parties and socialist states. A candidate for foreign minister, Liu has traveled more often than his predecessor did since getting the job in 2022, including trips to the U.S. and other Western democracies that past International Department chiefs generally hadn't visited. As China's leader, Xi has embarked on more than 50 international trips and visited more than 70 countries, far surpassing what his predecessors did. He has also hosted visiting world leaders more frequently than previous Chinese heads of state or recent U.S. presidents, according to data collated by Neil Thomas, a fellow at the Asia Society Policy Institute. The Covid pandemic kept Xi in China between 2020 and 2022. During that time, he mostly relied on phone calls and videoconferencing to engage with foreign counterparts. When he restarted international travel in late 2022, Xi first visited nearby countries in Asia before venturing further in subsequent trips. 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India Today
22 minutes ago
- India Today
Chinese social media propaganda targets India and its tourism sector
Clips part of the propaganda campaign were selectively edited to show Western influencers criticising India and praising China. (Representative image) China targets India's tourism via propaganda on Weibo and YouTube Campaign highlights hygiene, safety and transport issues in India China uses influencers to shape its narratives globally After its alleged propaganda about the Indian Rafale jet losses during Operation Sindoor, China has launched another campaign to target India, specifically its tourism sector. India Today's Open-Source Intelligence (OSINT) team has uncovered at least 100 accounts on Chinese social media platform Weibo and YouTube amplifying videos to portray India as a filthy, unwelcoming and unsafe destination for foreign travellers. To lend credibility to their campaign, these accounts selectively pick up parts from vlogs of Western influencers complaining about certain aspects of Indian life, during their visit. The propaganda campaign features five edited videos focusing on areas where India has struggled to improve, such as public hygiene, cleanliness, public transport, urban road traffic management and women's safety. The campaign started on Weibo on July 17 with a widely shared video of a British influencer, who visited India after China. The clip, accompanying a hashtag in Chinese which loosely translates to "British internet celebrity who complained about China, breaks down in India", shows her breaking down in tears, saying, "I feel stupid about complaining about China." The Chinese hashtag was used on popular social media platform Weibo. SELECTIVE EDITS Clips part of the propaganda campaign were selectively edited to show Western influencers criticising India and praising China. Videos of influencers who visited both India and China are included in this campaign. The edited videos were shared with Chinese subtitles and voice-over narration, tailoring the content for domestic audiences. But the reality is somehow different. Though the criticism of India's poor public cleanliness and women's safety by foreign tourists is a harsh reality, their perception is not as black and white as these Chinese propagandists try to frame. In their original videos, these foreign influencers point out flaws where they see them and praise things they find alluring. For instance, a vlog on the Australia-based "Travel for Phoebe" YouTube channel documents an incident of harassment while praising Indian food and scenic destinations in Rajasthan's Udaipur. The Chinese propaganda campaign, however, picks up only the part where harassment is reported. CAMPAIGN ON YOUTUBE The campaign wasn't limited to Weibo. At least four Chinese YouTube channels uploaded similar content, featuring foreign influencers. Propaganda videos on YouTube, dozens in number, carry provocative and derogatory titles such as, "Are Chinese toilets cleaner than Indian restaurants?", "The worst country on earth" and "Bloggers went to India happily, went home crying". China is known to use social media influencers in influence operations targeting other countries to boost its image, and promote its narrative and interests. Earlier this month, China announced a programme inviting US content creators on a 10-day, fully sponsored trip to promote its positive image, as per Bloomberg. Last year, Indian security agencies flagged several Indian influencers whose travel and production expenses were allegedly funded by China to create content promoting a pro-China narrative. After its alleged propaganda about the Indian Rafale jet losses during Operation Sindoor, China has launched another campaign to target India, specifically its tourism sector. India Today's Open-Source Intelligence (OSINT) team has uncovered at least 100 accounts on Chinese social media platform Weibo and YouTube amplifying videos to portray India as a filthy, unwelcoming and unsafe destination for foreign travellers. To lend credibility to their campaign, these accounts selectively pick up parts from vlogs of Western influencers complaining about certain aspects of Indian life, during their visit. The propaganda campaign features five edited videos focusing on areas where India has struggled to improve, such as public hygiene, cleanliness, public transport, urban road traffic management and women's safety. The campaign started on Weibo on July 17 with a widely shared video of a British influencer, who visited India after China. The clip, accompanying a hashtag in Chinese which loosely translates to "British internet celebrity who complained about China, breaks down in India", shows her breaking down in tears, saying, "I feel stupid about complaining about China." The Chinese hashtag was used on popular social media platform Weibo. SELECTIVE EDITS Clips part of the propaganda campaign were selectively edited to show Western influencers criticising India and praising China. Videos of influencers who visited both India and China are included in this campaign. The edited videos were shared with Chinese subtitles and voice-over narration, tailoring the content for domestic audiences. But the reality is somehow different. Though the criticism of India's poor public cleanliness and women's safety by foreign tourists is a harsh reality, their perception is not as black and white as these Chinese propagandists try to frame. In their original videos, these foreign influencers point out flaws where they see them and praise things they find alluring. For instance, a vlog on the Australia-based "Travel for Phoebe" YouTube channel documents an incident of harassment while praising Indian food and scenic destinations in Rajasthan's Udaipur. The Chinese propaganda campaign, however, picks up only the part where harassment is reported. CAMPAIGN ON YOUTUBE The campaign wasn't limited to Weibo. At least four Chinese YouTube channels uploaded similar content, featuring foreign influencers. Propaganda videos on YouTube, dozens in number, carry provocative and derogatory titles such as, "Are Chinese toilets cleaner than Indian restaurants?", "The worst country on earth" and "Bloggers went to India happily, went home crying". China is known to use social media influencers in influence operations targeting other countries to boost its image, and promote its narrative and interests. Earlier this month, China announced a programme inviting US content creators on a 10-day, fully sponsored trip to promote its positive image, as per Bloomberg. Last year, Indian security agencies flagged several Indian influencers whose travel and production expenses were allegedly funded by China to create content promoting a pro-China narrative. Join our WhatsApp Channel
Time of India
39 minutes ago
- Time of India
Too 'woke' for America? Donald Trump pulls US out of Unesco; DEI policies, pro-Palestinian, pro-China tilt prime reasons
US President Donald Trump pulled out America from Unesco over its support for "woke, divisive cultural and social causes" including DEI policies, pro-Palestinian and pro-China tilt. "Continued involvement in Unesco is not in the national interest of the United States," AFP reported quoting state department spokeswoman. Back in February, Trump had directed a 90-day review of the US role in Unesco, focusing particularly on examining any 'anti-Semitism or anti-Israel sentiment within the organization.' "Upon conducting the review, administration officials took issue with Unesco's diversity, equity and inclusion policies as well as its pro-Palestinian and pro-China bias," the New York Post reported citing White House official. 'China has leveraged its influence over Unesco to advance global standards that are favorable to Beijing's interests,' the official said. 'President Trump has decided to withdraw the United States from Unesco – which supports woke, divisive cultural and social causes that are totally out-of-step with the commonsense policies that Americans voted for in November,' White House deputy spokesperson Anna Kelly said. 'This President will always put America First and ensure our country's membership in all international organizations aligns with our national interests,' Kelly added. Critics have pointed to Unesco's 2023 release of an 'anti-racism toolkit' and its 2024 'Transforming MEN'talities' campaign as examples behind Trump's concern. The toolkit urged member states to embrace 'anti-racist' policies and engage in a 'race to the top' to position themselves as leading voices for social justice, by confronting their histories of racism and committing to equity-driven reforms. The States initially pulled out of the UN agency in 1983 during the then President Ronald Reagan's administration, arguing that Unesco had overly politicized nearly every issue it addressed, shown clear antagonism toward free societies, particularly free markets and a free press, and engaged in unchecked budgetary growth.
