China on Tuesday reached out to India, expressing anxiety about the ban imposed by the Indian government on popular Chinese mobile applications like TikTok and WeChat, among others
South Asia's Balance of Payments Challenge: The Changing Dynamics of External Balances in South Asia
South Asia remains one of the least integrated regions in the world despite geographical proximity and complementary economic structures. Greater regional trade, improved transport connectivity, cross-border electricity markets, digital payment systems and investment partnerships could substantially reduce external vulnerabilities.
India's Employment Debate: A Future With Plenty of Work, But Fewer Jobs
Between 2004 and 2023, India produced roughly five million graduates every year, but graduate employment increased by only around 2.8 million annually. Even fewer obtained salaried employment. Millions are either unemployed or working below their qualifications or in the waiting room for the elusive government job.
How Sri Lanka Missed the Opportunity to Become a 200-billion dollar economy
Policy instability during the 2015-2024 likely pushed back Sri Lanka’s path towards becoming South Asia’s first High-Income Country. The 2022 financial crisis would never have happened as stable growth during the first half of 2015–2024 would have built enough buffer to weather impact of the Covid pandemic
When Nations Employ the Expansionary Grammar of Corporate Acquisitions
China’s Belt and Road Initiative - which funded Sri Lanka’s Hambantota Port through loans resulting in a 99-year lease to Chinese State-owned enterprise in 2017 due to Colombo’s struggle to service said loans - follows the same expansionary script.
More on Economy, Trade and Development
Stoppage of China-origin IT consignments hits business
The ongoing tension between India and China amid the coronavirus lockdown has come at a considerable cost to the economy
India's ban on 59 Chinese apps: Millions affected
With the Indian government announcing to ban 59 Chinese apps, millions of users were in a flux on Tuesday as some of those popular apps were still there on their smartphones and available for downloads, barring TikTok and Helo which disappeared from both Google Play Store and Apple App Store
Will comply with India ban, not sharing user data with China: TikTok
Chinese short-video making app TikTok on Tuesday said it is in the process of complying with the Indian government order to ban 59 Chinese apps, including TikTok, and is not sharing any data of Indian users with the Chinese government
India-China military delegates to meet again to resolve border issues
Amid tension at the borders, top Indian and Chinese military delegations will meet for the third time on Tuesday in Chushul in Leh district, sources said
Tibetan exile administration supports call against China
The Central Tibetan Administration (CTA) in Dharamsala on Monday supported last week's call to the UN Human Rights Council (UNHRC) experts to take urgent measures against Chinese violations
Strict scrutiny of Chinese imports affects industries
With the Modi government taking a tough stand on imports from China amid the border tensions, several industries that depended on inputs from that country are facing delay in getting their supplies as the goods are held up at ports and airports and are being subjected to stricter customs scrutiny
BOC and China Development Bank to enter into USD 140 mn facility agreement
Bank of Ceylon (BOC) and China Development Bank (CDB) will enter into a USD 140 million long-term facility where drawdown will be under two tranches of USD 70 million each
Military aggression not first by China, won't be last: CTA President Lobsang Sangay
The military aggression across the Himalayas is not the first by China and it won't be the last. India never shared a border with China -- it is the Indo-Tibet border
India-China border row pinches India Inc hard, imports held up
In the wake of the India-China border clashes and the subsequent hardening of positions on both sides, the worst apprehensions of Indian trade and industry seem to be coming true, market sources said
Chinese expats comfortable in India despite rise in anti-Chinese sentiments
Chinese expatriates living in India have not been impacted by the deteriorating bilateral relations between the two countries
Maldives at high risk of debt distress from China: World Bank
The World Bank revealed that Maldives was included among nine countries ranked to be in debt distress or at high risk as a result of loans from China
India should not hesitate to start a trade war with China
Certainly, a trade war with India would not destabilise the Chinese economy in a big way, but it would cause concern to China, writes N.S.Venkataraman for South Asia Monitor
Nepal also has boundary issues with China
Pressure is mounting on Nepal to deal with boundary issues with China on a similar level as it did with India over its claim of Limpiyadhura, after media reports that several of its Himalayan villages are now in Chinese territory
New camps set up by China, India deploys more troops in Eastern Ladakh
The situation in the four flashpoints -- Galwan Valley, Hot Springs, Depsang and Pangong Lake -- in Eastern Ladakh is still tense despite military-level talks between India and China ending on a positive trajectory, sources said on Thursday
