At a daily news briefing in Beijing, Foreign Ministry spokesperson Wang Wenbin condemned the move. US President Joe Biden has said if Congress passes the measure, he will sign it.
China's Foreign Minister Wang Yi said Washington's increasing sanctions on Chinese companies had reached "bewildering levels of unfathomable absurdity". Tensions between the two superpowers have slightly eased since Biden and Xi staged their landmark summit last year in San Francisco.
According to the US Department of State, the Chinese companies engaged in transactions that materially contributed to the proliferation of weapons of mass destruction. This comes after Pakistan formally conducted the launch of the Ababeel ballistic missile system.
The government is looking at whether the Chinese companies and their subsidiaries have complied with all the regulations to come and do business in India.
The MHA's latest notification aims to restrict the backdoor entry of Chinese companies or investors into India.
Some Chinese companies in collusion with Indian companies were found to be issuing fake invoices to different Chinese firms/companies having Chinese nationals as directors without actual supply of services.
US President Donald Trump has signed an executive order banning Americans from investing in 31 Chinese firms that the administration says are owned or controlled by the Chinese military.
For the full calendar year 2019, the BBK Group dominated the Indian smartphone landscape with 37 per cent share, compared to 28 per cent of Xiaomi, according to Counterpoint Research data.
China is accused of mass detentions, religious persecution and forced sterilisation of Uyghurs and others in China's resource-rich northwestern province of Xinjiang. Authorities there are thought to have detained about a million people in re-education camps in recent years for "vocational training" to counter radicalism and separatism in Xinjiang.
Apart from China, the state signed around nine other MoUs with companies from the US, South Korea, Singapore and various domestic entities, with huge employment generation potential.
Several messages on social media claimed that the Indian government had banned or warned against the use of popular Chinese Apps like Tik Tok, Helo, UC News.
The challenge here would be not to look "opportunistic" and leverage the current explosive situation on just riding on the anti-Chinese sentiment but to offer real challenges in the form of top-end devices with solid internals at affordable price points, feel industry experts.
Massive protest against China is being held across the country with many breaking their TV sets, phones and other Chinese products to mark their protest. #BoycottChina, #BoycottChineseProducts, #ChineseProductsInDustbin and #BharatUnitedAgainstChina have been trending hashtag on social media platforms.
In the wake of the killing of 20 Indian soldiers in a violent clash with Chinese troops in Ladakh, Maharashtra NCP minister Jitendra Awhad has asked the Centre to scrap the Delhi-Meerut Metro work contract bagged by a Chinese firm.
As the coronavirus spread, the world’s richest communist dug into his deep pockets. Jack Ma, the founder of e-commerce giant Alibaba Group and a member of the ruling Communist Party, helped to pay for 1,000 ventilators delivered to New York in April. Ma's foundation also is giving ventilators, masks and other supplies in Africa, Latin America and Asia.
For decades, Chinese companies have availed themselves of the benefits of US financial markets, and capital raised in the US has helped fuel China’s rapid economic growth, Trump said.
The action came a day after the United States returned North Korea to its list of state sponsors of terrorism.
Micro, Small & Medium Enterprises (MSME) are by far the biggest employers in the country today. According to the latest annual report (2014-15) of the Ministry of Micro, Small & Medium Enterprises, there are an
New Delhi: A Chinese IT start-up WiFi Master Key (our translation), a startup backed by Chinese game developer and publisher Shanda is making global headlines for rewarding its top-performing staff with Tesla cars as year-end
New Delhi: Reliance Industries, which started its corporate journey as a textile company, has announced a joint venture with China's Shandong Ruyi Science and Technology Group to “reposition its textile business on a high growth
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