China has set strict quotas for electric and plug-in hybrid cars that come into effect from 2019. It has an ambitious target of 2 million NEV sales by 2020 and has signalled longer-term it will phase out the sale of conventional petrol-engine cars.
Hubertus Troska, head of Daimler's greater China operations, told reporters that the investment was part of Daimler's previously announced 10 billion euros ($11.8 billion) global green car initiative.
During a Congressional hearing, Michael Pillsbury, Director of Center on Chinese Strategy at the prestigious think-tank Hudson Institute, told lawmakers that Modi and his team have been quite outspoken against Chinese President Xi Jinping's ambitious project.
During his confirmation hearing before the Senate Armed Services Committee, Randall Schriver said that the US needs to look for opportunities to work with China wherever American interests overlap.
The new sport-utility vehicle would be the third Infiniti vehicle model to be produced locally in China, the Hong Kong-headquartered brand's No.2 market after the United States.
Pakistan has been struggling to raise money from international institutions like the World Bank in the face of Indian opposition to the project on the Indus River in PoK
Chinese investors spent a total of USD 86.3 billion on 5,410 enterprises from 160 countries and regions during the period, the Ministry of Commerce (MoC) said in a statement.
The group, which includes Volkswagen AG and Audi AG, intends to launch 15 of the so-called new energy vehicles (NEV) models over the next two to three years, and an additional 25 after 2025, China chief Jochem Heizmann told Reuters on Thursday.
China and the Philippines have long sparred over the South China Sea, but relations have improved considerably under Philippine President Rodrigo Duterte.
For the first time, the China Banking Regulatory Commission (CBRC) will impose specific rules designed in part to reduce financial risk at three banks tasked with funding Beijing's pet projects and supporting Chinese companies abroad.
The bills, which were introduced last week, would expand the power of the Committee on Foreign Investment in the United States (CFIUS), allowing it to review smaller investments and add new national security factors, such as exposure of Americans' Social Security numbers, for CFIUS to consider.
A debt restructuring deal with Russia that allows Caracas to make "minimal" payments to Moscow in the next six years, together with a separate statement from the Chinese Foreign Ministry that Venezuela was capable of handing the debt issue "appropriately," underlined the reserve of support its socialist government enjoys from both countries.
President Xi Jinping's special envoy, Song Tao, is going to North Korea on Friday to discuss the Chinese Communist Party's congress, which took place last month, Xinhua news agency said, without providing more details.
Besides scrapping the deal, Nepal has also given Indian firms GMR Energy and Sutlej Jal Vidyut Nigam, who are developing hydropower plants in Nepal six more months to bring financial closures to the projects
Trump, who is on a two-week visit to Asia, said in China that he felt US-Chinese trade relations were "very unfair and one-sided". But he blamed his own predecessors rather than China for the uneven dynamic.
Chinese Premier Li Keqiang called on Tuesday for advancing free trade agreement talks between China, Japan and South Korea, state news agency Xinhua reported.
Beijing is already in the second year of a campaign to reduce high levels of debt as authorities worry that riskier lending practices, especially in the real estate sector, could imperil the economy.
The Quad, or a coming together of the great big democracies in the Indo-Pacific, was an idea first mooted by Japanese Prime Minister Shinzo Abe during his first term as PM in 2007. He had referred to the Quad in a speech to the Indian Parliament.
Addressing a gathering of Indian community here, Modi said India had never taken anything from anyone in its history and rather sacrificed a lot, seen as a veiled message to China which has been ramping up its assertiveness in the resource-rich South China Sea.
Leaders of the Association of Southeast Asian Nations also will sign an accord aiming to protect migrant workers from the poverty-wracked region during a two-day summit that opened today in Manila, according to a draft of a post-summit communique seen by The Associated Press.
Soon after the meeting, all the four countries issued separate statements listing Indo-Pacific as the major area of the their discussions and resolved to work towards upholding a rules-based order and ensuring respect for international law in the region.
Finance Minister Arun Jaitley, Defence Minister Nirmala Sitharman likely to accompany the Prime Minister to hard sell the India story at the WEF’s flagship annual event
Trump had pulled his country from the Trans Pacific Partnership (TPP) at the start of the year
Once a celebration for China's lonely hearts, Singles' Day has become an annual 24-hour extravaganza that exceeds the combined sales for Black Friday and Cyber Monday in the United States and acts as a barometer for China's consumers
The Chinese Foreign Ministry spokesperson Hua Chunying said here today that the 20th round of the India-China Special Representatives border talks as well as the Russia, India and China (RIC) Foreign Ministers meeting will be held in "due course".