India China Trade

China's sweeping ban on cryptocurrency mining has paralysed an industry that accounts for over half of global bitcoin production, as miners dump machines in despair or seek refuge in places such as Texas or Kazakhstan.

Bitmain, China's biggest maker of cryptocurrency mining machines, said it had suspended sales of its products in the spot market to help ease selling pressure following Beijing's ban on Bitcoin mining.

China's central bank said it had urged some banks and payment firms to crack down harder on cryptocurrency trading, in the latest move by Chinese authorities to stem the use of digital coins.

Bitcoin price stabilised in Asian trading on Tuesday morning a day after a statement from China's central bank reaffirming the ongoing crackdown on cryptocurrencies in the country sent the world's largest token to a two-week low.

Thailand has become the latest country in Asia, after China, to restrict trading in the highly speculative cryptocurrencies and the non-fungible tokens (NFTs). The Thai Securities and Exchange Commission (SEC) issued new regulations that ban certain types of digital coins, including meme currencies like Dogecoin.

Bitcoin, Dogecoin, Ether, and other digital currencies went down sharply on Wednesday (May 19), causing a trading frenzy that led to cryptocurrency exchanges in India crash momentarily.

UN Data: Import of goods grew 45 per cent in Q1 2021 relative to the 2020 average while services imports were up 14 per cent.

The European Union and India will agree to restart long-stalled trade talks at a leaders summit on Saturday, an EU official said, as tensions with China spur closer cooperation.

Japan, India and Australia's trade ministers have met to officially launch the Supply Chain Resilience Initiative, following reports that the three nations are working together to counter China's dominance on trade in the Indo-Pacific.

The Shiv Sena on Thursday slammed the Centre saying that on the one hand it called for a boycott of Chinese products and banned some apps of that country after the border standoff, on the other hand the neighbouring country emerged as India's top trading partner in 2020.

America's relationship with China is one of "strong competition" and the Biden administration will work in close coordination with partners and allies to make sure that it is coming from a position of strength, the White House has said, a day after Beijing urged the US to stop interfering in its internal affairs and lift trade sanctions.

China regained its position as India's top trade partner in 2020, as New Delhi's reliance on imported machines outweighed its efforts to curb commerce with Beijing after a bloody border conflict.

China said that the Indian government's decision to keep a ban on 59 Chinese apps was a violation of the World Trade Organization's fair rules of business and would hurt Chinese firms.

China said on Wednesday that the Indian government's decision to keep a ban on 59 Chinese apps was a violation of the World Trade Organization's fair rules of business and would hurt Chinese firms.

A political war has exploded over China setting up a village in Arunachal Pradesh, revealed in an NDTV report on exclusively accessed satellite images that show construction around 4.5 km within Indian territory of the de facto border between India and China.

China's sweeping ban on cryptocurrency mining has paralysed an industry that accounts for over half of global bitcoin production, as miners dump machines in despair or seek refuge in places such as Texas or Kazakhstan.

Bitmain, China's biggest maker of cryptocurrency mining machines, said it had suspended sales of its products in the spot market to help ease selling pressure following Beijing's ban on Bitcoin mining.

China's central bank said it had urged some banks and payment firms to crack down harder on cryptocurrency trading, in the latest move by Chinese authorities to stem the use of digital coins.

Bitcoin price stabilised in Asian trading on Tuesday morning a day after a statement from China's central bank reaffirming the ongoing crackdown on cryptocurrencies in the country sent the world's largest token to a two-week low.

Thailand has become the latest country in Asia, after China, to restrict trading in the highly speculative cryptocurrencies and the non-fungible tokens (NFTs). The Thai Securities and Exchange Commission (SEC) issued new regulations that ban certain types of digital coins, including meme currencies like Dogecoin.

Bitcoin, Dogecoin, Ether, and other digital currencies went down sharply on Wednesday (May 19), causing a trading frenzy that led to cryptocurrency exchanges in India crash momentarily.

UN Data: Import of goods grew 45 per cent in Q1 2021 relative to the 2020 average while services imports were up 14 per cent.

The European Union and India will agree to restart long-stalled trade talks at a leaders summit on Saturday, an EU official said, as tensions with China spur closer cooperation.

Japan, India and Australia's trade ministers have met to officially launch the Supply Chain Resilience Initiative, following reports that the three nations are working together to counter China's dominance on trade in the Indo-Pacific.

The Shiv Sena on Thursday slammed the Centre saying that on the one hand it called for a boycott of Chinese products and banned some apps of that country after the border standoff, on the other hand the neighbouring country emerged as India's top trading partner in 2020.

America's relationship with China is one of "strong competition" and the Biden administration will work in close coordination with partners and allies to make sure that it is coming from a position of strength, the White House has said, a day after Beijing urged the US to stop interfering in its internal affairs and lift trade sanctions.

China regained its position as India's top trade partner in 2020, as New Delhi's reliance on imported machines outweighed its efforts to curb commerce with Beijing after a bloody border conflict.

China said that the Indian government's decision to keep a ban on 59 Chinese apps was a violation of the World Trade Organization's fair rules of business and would hurt Chinese firms.

China said on Wednesday that the Indian government's decision to keep a ban on 59 Chinese apps was a violation of the World Trade Organization's fair rules of business and would hurt Chinese firms.

A political war has exploded over China setting up a village in Arunachal Pradesh, revealed in an NDTV report on exclusively accessed satellite images that show construction around 4.5 km within Indian territory of the de facto border between India and China.