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Some Good News

 

Good News from India

 

Indian Visitors in US Spent a Record USD 13.6 billion in 2016.  Indian visitors spent a record USD 13.6 billion in the US last year, positioning India on the sixth spot among the top 10 international markets for the US in terms of visitor spending.

August 11, 2017

 

Trump Calls for Pakistan, India to Do More on Afghanistan.  US President Donald Trump is doubling down on Afghanistan, despite his own admitted instinct to withdraw from America’s longest war. He also called on Pakistan’s regional rival India, to “help us more with Afghanistan, especially in the area of economic assistant and development.”

August 24, 2017

 

Government Ready to Provide Capital Support for State-owned Banks’ Merger.  The finance ministry is open to providing capital support for facilitating consolidation among state-owned banks, which are reeling under mounting bad loans.

August 27, 2017

 

 

Good News from China

 

China Unicom Raising $11.6bn from Alibaba, Others. State-owned telecom group China Unicom is welcoming investments totalling 78 billion yuan ($11.6 billion) from Chinese tech heavyweights Baidu, Alibaba Group Holding, Tencent Holdings and others. Beijing has been encouraging private investment in state-owned enterprises as part of what it calls “mixed ownership” reforms.

August 17, 2017

 

China Puts Squeeze on North Korea as Trade Dries up.  Trade between China and North Korea looks to be slowing drastically, providing further evidence that Beijing may be bowing to U.S. requests to put pressure on the rogue state.

August 23, 2017

 

New Balance Wins Record China Trademark Award.  New Balance has won a record pay-out in a Chinese trademark case after three local shoemakers were found to have infringed the brand’s “N” logo.

August 24, 2017