President Donald Trump on Friday said he wants to stop the subsidies that growing economies like India and China have been receiving as he wants the US, which he considers as a \"developing nation\", to grow faster than anybody.

Facebook (FB.O) has set up a subsidiary in China and plans to create an \"innovation hub\" to support local start-ups and developers, the social media company said on Tuesday, ramping up its presence in the restrictive market where its social media sites remain blocked.

India has particularly pressed China to open up its market for pharmaceuticals. There is widespread demand in China for Indian anticancer drugs which are often one-tenth the cost of the Western drugs that are available in China.

The Reserve Bank of India has issued licence to Bank of China to launch operations in India, official sources said today.

PM Oli said his government was keen on ensuring Nepal's development and prosperity and the only way to do so was by maintaining a cordial relationship with India and China.

China has decided to impose additional duties of 25 per cent on 659 items of US products worth about USD 50 billion, right after US President Donald Trump slapped a 25 per cent tariff on Chinese goods worth similar amount.

During the summit, India signed various agreements with the member countries including host nation China. Prime Minister Modi held nearly half a dozen bilateral meetings with leaders of other SCO countries.

To accompany PM Modi in the 'unknowns' list' are Japanese Prime Minister Shinzo Abe (64 per cent don't know who is the leader of the world's third largest economy) and Brazilian President Michel Temer (90 per cent).