The comments came days after Moody's Investors Service downgraded China's sovereign ratings on Wednesday by one notch to A1, saying it expects the financial strength of the world's second-largest economy will erode in coming years as growth slows and debt continues to rise.
RCEP is made up of the 10 ASEAN countries along with Japan, South Korea, Australia, New Zealand, China and India. It is now seen as an alternative to the Trans Pacific Partnership (TPP), from which the Trump Administration has withdrawn the US.
"India is moving quite quickly in a number of areas as well, again, on renewable energy, which is kind of a golden thread running through this hearing. India is thinking big and moving big," Robert Orr, professor and dean, University of Maryland, School of Public Policy, told lawmakers during a Congressional hearing.
The guided-missile destroyer, USS Dewey, conducted a patrol within 20 kilometres of Mischeef Reef, part of the Spratly Islands.
China today played down a UN report that cautioned that the USD 50 billion China-Pakistan Economic Corridor could ignite "geo-political" tensions with India, saying it is an economic project and will not affect Beijing's stand on the Kashmir issue.
The government is preparing to further open up the new energy vehicle battery market to foreign investment, Ministry spokesman Sun Jiwen told a regular briefing in Beijing.
Profit for the three months through March was $107 million. That beat the $93.8 million average of 11 analyst estimates in a Thomson Reuters poll.
Yi Fuxian puts India's population at 300 million more than China's.
While the rating revision has its own implications albeit marginally on currency and interest rates at which the China can raise funds, what demands attention is the rationale for the downgrade and concerns that the global rating agency has highlighted.
"That reputation looks very much out-of-date now that both countries have greatly accelerated their investments in cost-effective renewable energy sources — and reduced their reliance on fossil fuels. It's America — Donald Trump's America — that now looks like the laggard," the 'New York Times' said in an editorial.
Director of National Intelligence Dan Coats told members of the powerful Senate Armed Services Committee during a Congressional hearing on Worldwide threats yesterday that China viewed a strong military as a "critical element" in advancing its interest.
The country's massive population of more than 1.3 billion, of which 730 million are currently connected online, is attractive to almost any enterprise looking to expand and scale. But, China is a big enough market for any local player to redesign a solution that's localized for its own demographic, making it hard for foreign start-ups to access.
Foreign-exchange markets reacted to the news, with the Australian dollar dropping from levels around $0.7480 to as low as $0.7452 in the wake of the announcement.
India overtook Japan as the second-largest producer in 2016, according to data released by the International Stainless Steel Forum (ISSF) at their annual conference held on May 14-19, 2017 in Tokyo, Japan, ISSDA said in a statement.
The failure of China's efforts to bring India on board, details of which have not been previously reported, shows the depths to which relations between the two countries have fallen over territorial disputes and Beijing's support of Pakistan.
China's economy will likely expand around 6.8 percent in the second quarter of 2017, the State Information Center said in an article published in the state-owned China Securities Journal on Saturday.
In the last fiscal, overall import of TBR grew 9 per cent, the apex body of tyre manufacturers said, adding that the ever-increasing trend has hurt the domestic industry.
"Over the past four years since the project was initiated we have been holding the principle of extensive consultation, joint contribution and shared benefits" for the Belt and Road initiative, Chinese Foreign Ministry spokesperson Hua Chunying said, reacting to Ministry of External Affairs spokesman Gopal Bagley's remarks that China should hold a meaningful dialogue on concerns over the One Belt One Road (OBOR) project.
At the heart of that splurge are China's two policy lenders, China Development Bank (CDB) and Export-Import Bank of China (EXIM), which have between them already provided $200 billion in loans throughout Asia, the Middle East and even Africa.
In an annual ranking of the top 40 renewable energy markets worldwide in terms of allure, China was the top country, followed by India.
Chinese steelmakers churned out a highest-ever 72.78 million tonnes in April, up 4.9 percent, the National Statistics Bureau (NBS) data showed on Monday, surpassing March's monthly record of 72 million tonnes as mills in the world's top producer rushed to profit from rising prices even as demand remains flat.
Factory output rose 6.5 percent in April from a year earlier, while fixed-asset investment grew 8.9 percent in the first four months of the year, both worse than expectations.
Xi said the Belt and Road initiative is "a project of the century" that will benefit people across the world.
The memorandum of understanding is likely to be signed in Beijing today during the visit of Prime Minister Nawaz Sharif to China, according to The Express Tribune newspaper.