Morgan Stanley Upgrades India, Downgrades China
Morgan Stanley, a prominent investment bank, has recently made significant changes to its outlook on two major Asian economies. The bank upgraded India to overweight from underweight while downgrading China to underweight from equal weight. These changes reflect the shifting economic landscape in the region and highlight the diverging paths of the two countries.
India Urges China to Respect UNCLOS Ruling on South China Sea
India has sent a clear message to China, urging them to comply with the UNCLOS ruling regarding the South China Sea. The Indian government released a strong statement on Monday, condemning China’s recent military exercises in the disputed waters and categorizing their actions as “unilateral” and “unacceptable.” The statement also emphasized the need for China to avoid any further actions that may escalate tensions in the region.
India to outpace China as fastest-growing major economy for next 3 years
Global rating agency S&P Global Ratings has reaffirmed India’s position as the fastest-growing economy among Asia Pacific nations, with a projected economic growth rate of 6 percent for the current fiscal year. The agency predicts that India will maintain this rapid growth for the next three years, driven by robust domestic demand and investment.
China Accuses Biden of Provoking Tensions After Calling Xi Jinping a Dictator
China has leveled accusations against US President Joe Biden, claiming that his characterization of Chinese President Xi Jinping as a “dictator” has provoked tensions between the two nations.
China Sends Three Astronauts to Tiangong Space Station: A Milestone in Space Exploration
China successfully launched its Shenzhou-16 mission, sending three astronauts to the Tiangong space station on Tuesday, May 30, 2023. The astronauts, namely Jing Haipeng, Zhu Yangzhu, and Gui Haichao, blasted off from the Jiuquan Satellite Launch Center in northwestern China, marking a significant achievement for the country’s space program.