Record Japanese investment in India’s financial sector is highlighting the tightening business links between the world’s fourth and fifth-largest economies. Japan’s largest bank, Mitsubishi UFJ Financial Group, closed a $4.4bn deal to acquire part of an Indian shadow bank at the end of last year, the largest ever foreign investment in India’s financial sector. MUFG’s purchase of a fifth of Shriram Finance’s shares was part of a record $8.8bn spent by Japanese companies on stakes in Indian businesses in 2025, according to Dealogic data. Closer business and investment links between…
Day: March 21, 2026
Could ultra-precise harvest forecast give China an advantage in Iran war fallout?
But for China, an unusual advantage is coming into focus: the ability to predict grain output more than six months in advance with striking accuracy. That capability – refined over decades – could allow Beijing to move early, reshaping risk into strategic leverage. Advertisement The Strait of Hormuz, a vital artery for global energy and commodity flows, has emerged as a key vulnerability. Roughly a third of global urea exports pass through the corridor, linking fertiliser markets directly to geopolitical stability. Urea production depends heavily on natural gas, meaning any…
Premier Li Qiang calls for a global pledge to open up, while ‘power politics’ runs rampant
Beijing has urged global commitment to opening up, while pledging to create more blue ocean markets in a world engulfed by protectionism. Delivering the opening address to the China Development Forum on Sunday, Chinese Premier Li Qiang said, “protectionism is by no means a panacea for solving problems”, instead calling for opening up and technological progress to drive new market growth. “[Now,] power politics is running rampant, acting with impunity; at the same time, calls to uphold fairness and justice continue to grow louder,” Li said, without naming any specific…
In Kunshan, China’s Foxconn nerve centre, old tech tries to learn new tricks
As China undergoes a sweeping economic transition, its regions are also in the process of embracing change. The powerhouses of yesteryear must adapt or risk falling behind, as traditional industries become less reliable growth drivers and new sectors take prominence. In this series, we explore three representative areas of the country as they attempt to navigate this rapidly changing environment. After a 900km (559-mile) journey at the end of last month’s Chinese New Year holiday, 24-year-old Ma Xuan stood outside the gates of a Foxconn factory in Kunshan in the…
China reports ‘stunning’ critical minerals finds as hi-tech race with US heats up
China has announced major discoveries of various critical minerals, including rare earths and fluorite, bolstering its reserves of the resources essential for the hi-tech, new energy and defence industries. At the Maoniuping mine in Sichuan province’s Mianning county, authorities announced the discovery of 9.7 million tonnes of rare earth oxides, bringing the site’s total proven reserves to 10.4 million tonnes, state news agency Xinhua reported on Friday. Surveys also revealed 27.1 million tonnes of fluorite and 37.2 million tonnes of baryte, qualifying the site as a “super-large” deposit for both…
Does the USS Tripoli’s deployment to the Middle East create a strategic opening for China?
Washington’s deployment of an amphibious assault ship from Japan to the Middle East could signal a temporary reduction in US military capacity in the Indo-Pacific region but will not necessarily diminish its deterrence of China, according to analysts. According to American media reports, the amphibious assault ship USS Tripoli has left its home port in Japan and is making its way to the Middle East, carrying 2,500 marines on board. According to Marinetraffic.com, which monitors ships based on automatic identification system data, an “unspecified US warship” was last tracked departing…
China, India and why Jeffrey Sachs says the US needs to make the UN great again
“China’s real interest is true, stable multipolarity,” Columbia University professor Jeffrey Sachs told a seminar in Beijing on Friday, urging India not to become a pawn in a US game to hold China back. “I believe that China should, after some discussion and negotiation, support India as the sixth permanent member of the Security Council,” Sachs told the gathering hosted by the Centre for China and Globalisation, a Beijing-based think tank. Advertisement He called for the two Asian giants to “settle the old British score and recognise that they achieve…
Could Taiwan’s military continue to fight after an Iran-like decapitation?
The survival of Iran’s political and military apparatus following a massive US-Israeli decapitation strike has ignited a strategic debate in Taiwan, with experts weighing the island’s ability to withstand a similar “surgical” opening to an attack from the mainland. Military analysts and officials in Taipei are closely studying the February 28 strikes that killed Ali Khamenei, the Iranian supreme leader, and Iran’s ability to sustain organised resistance in the weeks that have followed. Iran’s capacity to absorb the severe blow of the loss of its top leadership has provided a…
China decries ‘unjust war’ on Iran as it calls for immediate ceasefire
China called for a halt to the “unjust war” in Iran in a phone call between top diplomats on Friday and expressed willingness to work with France to prevent other nations from being drawn into the conflict. Chinese Foreign Minister Wang Yi told Emmanuel Bonne, diplomatic adviser to the French president, that as members of the UN Security Council, the two countries should work together to firmly uphold international law and prevent the world from reverting to the “law of the jungle”. “The urgent priorities are, firstly, to curb the…
China’s infamous ‘Aunt Mei’ arrested after decade-long hunt for child trafficker
A shadowy go-between known as “Aunt Mei” allegedly involved in a notorious child trafficking case has been arrested, according to police in southern China. Police in the city of Guangzhou said the woman, surnamed Xie, had been identified last year, and the case was still under investigation, state media reported on Saturday. The reports did not specify when the arrest was made. For years, police were aware an intermediary had been involved in the trafficking case, but Aunt Mei remained at large because they were unable to identify her. Advertisement…