Foxconn to Build 10-12 Plants in India The world's largest contract electronics manufacturer, Foxconn Technology, is looking to develop 10-12 facilities in India by 2020. The company says it will invest a few billion dollars to build factories and data centers in the country.
HSBC Cuts 2015 China Growth Forecast HSBC has cut its forecast for China's GDP growth this year to 7.1 percent, down from 7.3 percent. It has also raised the expected interest rate from 25 basis points (bps) to 50 bps.
19th China International Software Expo Opens The 19th China International Software Expo has opened in Beijing, aiming to highlight the role of the software industry in the country's effort to boost the development of intelligent manufacturing and internet security technologies.