Why it's tough to break the China habit

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THE ECONOMIC TIMESDaily Newsletter Thu, Jul 02, 2020 | 04:02 PM IST

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Top stories of the day The firms packing up their bags from China aren't coming to India Of the 56 firms that moved bases from China in 2018-19, Vietnam got 26, Taiwan 11, Thailand 8 and India 3. ... India may not be able to let go of China that easily If elected, will revoke H1-B visa suspension: Joe Biden Little FDI from China since last year A Chinese firm is now leading the virus vaccine race China hopes India corrects actions against Chinese cos IndiGo to give 25% discount on airfare to doctors, nurses Pak rejects reports of troop deployment along LoC

Debate This Is an app ban enough for China? Economically damaging China may be next to impossible for India, given its dependence on its northern neighbour in sectors from pharma to telecom. Banning apps may be a token of India's will to impose economic costs on China in the event of Beijing persisting with its unilateral moves on the LAC. But confronting the superpower in cyberspace is of little use unless it can be followed up with large-scale efforts to ramp up local manufacturing.

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Calling Paytm a Chinese app is absurd: PhonePe CEO Nigam, who runs Walmart-owned PhonePe spoke about digital payment boom in India while taking a swipe at Mobikwik and... Rating firms seek to withdraw half of India debt ratings Maruti launches vehicle lease subscription service Bezos's wealth tops pre-divorce record at $171 bn India is going after squatters next India crosses nine million COVID-19 tests Now save contacts on WhatsApp using QR codes Masayoshi Son has a new problem to handle Modi seeks private money to run India's trains

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Top Slideshow Audi Q5 coming soon to India Top Video Sensex 429 pts higher; Nifty above 10,550

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