India

India Plans to Wind Up Some Chinese Firms – Economic Times

 

The Indian government plans to wind up companies with Chinese links that have come under government scrutiny and operate in the country, The Economic Times reported.

Indian authorities have this year registered at least 700 cases against Indian companies with Chinese nationals on their boards that were suspected of causing economic distress and being vehicles for money laundering, the report said.

 

Read the full report: The Economic Times.

 

ALSO READ:

 

 

 

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

Recent Posts

Biden to Propose Tripling Tariffs on Metal Products From China

President eyes hiking tariffs amid a push for blue-collar votes on a visit to Pittsburgh,…

7 hours ago

Japanese Firms Eye Moves to the US as ‘China Illusion’ Fades

With Japanese firms now wary about investing in China, the US's economic resilience has proven…

8 hours ago

Apple Eyes Indonesia Fab as it Reduces China Reliance – AP

Apple CEO Cook also met Vietnamese Prime Minister Pham Minh Chinh in Hanoi on Tuesday as the…

9 hours ago

IMF Tips 3.2% Global Growth, Warns China on Property Crisis

IMF chief economist says China’s economy is strained by its property crisis and warns that…

10 hours ago

Nikkei Dips on Profit Taking, Hang Seng Flat Despite Rules Boost

Japan’s impending earning season saw investors rushing to cash in while Hong Kong shares were…

10 hours ago

China’s Theft of Trade Secrets Our No1 Concern: US Patent Chief

The US official said US businesses operating in China regularly complain about insufficient protections and…

1 day ago