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Revival hopes turn more elusive, India heads for new GDP low

4.2% would be the lowest growth since govt adopted a new base year for gross domestic product data in 2012.


Nov 20, 2019, 11.56 AM IST



Donald Trump says China tariffs will go 'even higher' without deal

Trump's latest tough comment came as markets are watching intensely for signs of progress in the two economic superpowers' attempt to reach a so-called "phase one" partial deal taking the heat out of a growing trade war.

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  • China is now the single largest financier for infrastructure in Africa, funding one-in-five projects and constructing every third one, according to a Deloitte report. Forty out of Africa’s 55 states, along with African Union have signed memoranda of understanding with Beijing to finance and build modern highways, airports, and railways.

    The five-year LPR was also lowered by the same margin to 4.80 per cent from 4.85 per cent.

    Bei Bei will travel on a specially equipped direct flight from Washington to Chengdu inside a steel and plexiglass crate, accompanied by his keeper and a veterinarian, zoo officials said. The 4-year-old cub, whose name means "precious, treasure" in Mandarin, was destined to head to China under Beijing's "panda diplomacy." FedEx is paying for the flight and the special outfitting of the Boeing 777.

    BJP member Tapir Gao told Lok Sabha on Tuesday that "if a repeat of Doklam takes place, it will happen in Arunachal Pradesh because China has encroached 50-60 km area of the state." Recently the Chinese Foreign Ministry Spokesman said in Beijing: "The Chinese government never acknowledged the so-called Arunachal Pradesh."

    Ahead of investors summit in Dharamshala, China had officially reminded India yet again that any interaction which Indian officials might have with the Dalai Lama was going to be detrimental to the bilateral relationship, TOI has learnt. This unveils the facade behind the 'successful' informal summit, revealing deep tensions in India and China bilateral ties.

    "A partnership between two democracies such as India and Australia should be far easier to build than one between Australia and a one-party communist state like China," Abbott said. He made the remarks on Monday while speaking at an event organised here by the India Foundation. The theme of the event was 'Vision For Free & Open Indo-Pacific'.

    China will step up credit support to the economy and push real lending rates lower, the central bank governor said.

    During closed-door talks on the sidelines of a gathering of defence ministers in Bangkok, Chinese Defence Minister Wei Fenghe urged US Defense Secretary Mark Esper to "stop flexing muscles in the South China Sea and to not provoke and escalate tensions in the South China Sea." His statement came a day after Esper publicly accused Beijing of coercion.

    Following one of the most violent and intense weeks in the crisis, dozens of soldiers in sports gear emerged from the Chinese People's Liberation Army's barracks in an upper-class district of Hong Kong. Since its handover from the British in 1997, Hong Kong has been governed under a "one China, two systems" model.

    Behind PM Modi's tweet congratulating Gotabaya Rajapaksa on being elected Sri Lanka's new president and Rajapaksa accepting Modi's invite to visit India lies serious concerns. Strategic affairs expert Brahma Chellaney said with a pro-China communist govt in Nepal, an implacably hostile Pakistan and Rajapaksa's win, India faces daunting regional challenges.

    The companies mostly beat lowered market expectations as consumer spending remained strong.

    MSCI's broadest index of Asia-Pacific shares outside Japan inched 0.2 per cent higher.

    Brent crude futures were down 20 cents, or 0.32 per cent, at $62.24.

    A small group of protesters refused to leave Hong Kong Polytechnic University, the remnants of hundreds who took over the campus for several days. They won't leave because they would face arrest. Police have set up a cordon around the area to prevent anyone from escaping.

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