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India does not have an entrenched credit card culture, giving companies like Paytm the opportunity to educate users to jump from cash to mobile payments.

In the world's machine tools industry, China's State-owned Jier Machine Tool Group Co, based in Jinan, capital city of East China's Shandong province, has been blazing a trail in the segment of automobile stamping lines.

Infrastructure investment maintained a strong pace by rising 19.6 percent in the ten-month period, driven by investment in public facility management and road transport.

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Indiana Governor Eric Holcomb and John Zhang, CEO of SF Motors, sign papers on May 30 for SF to begin renovating the former AM General plant in Mishawaka to make electric vehicles. SF expects to employ 467 at the facility by 2020. Provided to China Daily

In this context, the OECD recommended more action to boost productivity and improve inclusiveness and enhance resilience to shocks in both emerging and advanced economies.

Industrial conglomerate Honeywell is planning to either expand production lines or better optimize resources of its 21 plants in China to enhance productivity and serve customers in a more efficient manner, said Scott Zhang, president of Honeywell China, at the China International Import Expo (CIIE) on Tuesday.

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India's action has violated the 1890 Convention Between Great Britain and China Relating to Sikkim and Tibet, which stated that the Donglang area is on the Chinese side of the Sino-Indian border.

Independent auto dealers in China make use of the parallel-import system to sell vehicles to Chinese customers at prices lower than those offered by authorized dealers.

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India's record rise in cases for a day, at 7,466, came just before its two-month lockdown ends on Sunday. The government's new guidelines expected this weekend may extend the lockdown in the worst-hit areas while easing the rules to promote economic activity elsewhere.

Income from trade in services was .3 billion, while expenditures totaled .9 billion.