New Delhi, July 23 (IANS) With investments in China no longer turning out to be profitable due to the overcapacity in the economy with excessive competition that has triggered price wars, India is a much better destination to invest for European companies, according to an article in the Euractiv.The article highlights that profits have crashed not only for foreign companies but domestic Chinese companies as well due to the weak local demand for goods that has led to a glut in the markets.“Indi…
Latest Alicia Garcia-Herrero News & Updates
New Delhi, Jan 10 (IANS) The European Union (EU), beyond tariffs and sanctions, set to continue on its trajectory of diversifying its trading relationships away from China and sharpening its trade defence armoury, developed with China in mind, but Beijing “doesn’t seem much to care”, according to a new report.According to a report in Politico, the EU-China trade relations are “at a standstill”, as German Chancellor Friedrich Merz is likely making his first visit to China next month.“…