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Xi's Asian charm offensive is all about keeping the US out

Mint New Delhi

|

April 21, 2025

He is keen to capitalize on a big vacuum left by Trump in East Asia

- KARISHMA VASWANI

At first glance, Chinese President Xi Jinping's Southeast Asian tour was focused on trade deals, regional cooperation and friendship. In reality, he's capitalizing on America's leadership vacuum in the Indo-Pacific. Beijing wants a less US-centric Asia. US President Donald Trump's trade war is only accelerating that. Washington's influence in this strategically vital region is at stake. Previous administrations have been clear about its importance, but under Trump, there doesn't appear to be a coherent plan. This has allowed Beijing to position itself as a champion of solidarity, in sharp contrast to the US president's economic bullying.

This wasn't just a goodwill visit. It's about soft and hard power projection. Xi's trip to Cambodia, Vietnam and Malaysia was planned before tariffs were imposed, but these visits took on more importance given Trump's attempt to isolate China. Some major banks predict the Chinese economy will expand by 3-4% this year as US duties choke exports.

FLERE HISTORIER FRA Mint New Delhi

Mint New Delhi

Mint New Delhi

US energy giants eye India LNG network

US energy giants Exxon-Mobil Corp. and Chevron Corp. are eying entry into India's LNG infrastructure business, including terminals and pipelines, said two people in the know, even as the two nations look to thrash out differences over New Delhi's Russian oil imports.

time to read

3 mins

October 01, 2025

Mint New Delhi

Mint New Delhi

Will Tata Steel's Dutch pact help cut its emissions?

Tata Steel signed a pact with the Netherlands government on Monday to receive up to €2 billion aid to cut emissions at its Dutch facility.

time to read

2 mins

October 01, 2025

Mint New Delhi

Oil giant IOC eyes green shift

Indian Oil Corp. Ltd (IOC) is navigating choppy waters as nearterm business conditions remain uncertain amid oil price volatility, tariffs, exchange rate weakness, and geopolitical disturbances.

time to read

2 mins

October 01, 2025

Mint New Delhi

Mint New Delhi

April-August fiscal gap rises to ₹5.98 tn

India's fiscal deficit rose in the first five months of 2025-26, as compared with the same period last year, due to higher government capital expenditure while net tax revenue declined.

time to read

2 mins

October 01, 2025

Mint New Delhi

Mint New Delhi

TaMo aims to drive down Iveco costs, open new roads

Analysts questioned the rationale of buying the Italian firm that was facing growth hurdles

time to read

2 mins

October 01, 2025

Mint New Delhi

Mint New Delhi

Nestlé India inks MoU with govt to push food sector investment

FMCG major Nestlé India on Tuesday said it has signed a memorandum of understanding (MoU) with the government to expedite investments in the food industry.

time to read

1 min

October 01, 2025

Mint New Delhi

Reits revolution: own a slice of malls, offices with just ₹500

Think mutual funds, but for real estate. That's how Pratik Dantara, executive committee member of the Indian Reits Association, explains Real Estate Investment Trusts (Reits)-a growing investment avenue giving retail investors exposure to office parks, malls, and other commercial properties.

time to read

2 mins

October 01, 2025

Mint New Delhi

How Indians get a passport to global markets via GIFT

Global access GIFT City outbound funds offer international exposure

time to read

2 mins

October 01, 2025

Mint New Delhi

Poonawalla eyes RCB at $1-1.2 bn valuation

Adar Poonawalla, owner of the vaccine maker Serum Institute, is evaluating a deal to buy the Indian Premier League team Royal Challengers Bengaluru at a valuation of up to $1-1.2 billion, a person directly aware of the development said.

time to read

1 mins

October 01, 2025

Mint New Delhi

Demand for offices stays strong: C&W

Net leasing of office spaces increased 35% across eight major cities during the JulySeptember period to 16.25 million sq. ft on better demand from domestic and overseas companies, according to Cushman & Wakefield (C&W).

time to read

1 min

October 01, 2025

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