Archive for ‘Good news’

18/09/2014

After Modi-Xi meeting, China agrees to quickly settle border dispute, demarcate LAC – Hindustan Times

Prime Minister Narendra Modi and Chinese President Xi Jinping on Thursday agreed to quickly resolve the border dispute and demarcate the Line of Actual Control to improve peace and cooperation between both countries.

Addressing the media after the conclusion of one-on-one meeting with visiting Chinese President Xi Jinping, Modi said India is concerned about the frequent incursions along the border. The Line of Actual Control should be demarcated soon to ensure peace and tranquility in the area, he said.

President Xi, in response, said that China will work to settle the border issue at the earliest date. Since the border is not demarcated there will be some incidents, but both countries are capable of settling it at various levels without causing a bigger impact, he said.

President Xi said both countries would be respectful and sensitive to each others concerns. “We also have the sincerity to work with India to maintain peace and tranquility in the border areas before we are finally able to settle the border question,”he said.

The latest incident India was referring to was the  fresh incursion by the Chinese army in Chumar area, even as talks were on between both the leaders.

via After Modi-Xi meeting, China agrees to quickly settle border dispute, demarcate LAC – Hindustan Times.

18/09/2014

Despite the Xi-Modi bromance, Indians and Chinese don’t actually like each other

One in two Indians thinks China is a major threat.

In the last two days alone, Chinese President Xi Jinping has called India an ancient, magic, enchanting, and beautiful land. And Indian Prime Minister Narendra Modi has reciprocated with syrupy adjectives, reminding visiting journalists how ancient Chinese technology was responsible for sugar being called cheeni in India.

The pictures of the two leaders’ bonhomie on Wednesday went even further. By the time you get to the sight of Modi and Xi sitting on a swing by the Sabarmati, most would imagine that India and China are steadfast allies who support each other through thick and thin.

Which is why it might be worth pointing out that we don’t actually like each other very much, and that Indians and Chinese people have very different intentions for the bilateral relationship. And it’s not just about the trade deficit and the border disputes. Ordinary Indians and Chinese people simply aren’t sure whether they like each other.

via Scroll.in – News. Politics. Culture..

17/09/2014

Is China Ready to Step Up and Invest in India? – India Real Time – WSJ

While Chinese companies have been great at peddling their products in India, they have been surprisingly reluctant to invest here. China has invested less in India than even Poland, Malaysia or Canada have.

President Xi Jinping’s three-day visit to India starting Wednesday is likely to include some massive pledges to try to remedy this imbalance.

When Prime Minister Narendra Modi visited Japan recently, Japan pledged to invest $35 billion in India. President Xi is expected to try to eclipse Japan’s promises, possibly pledging $100 billion in investment according to some local reports. His meetings with Mr. Modi are predicted to lay the groundwork for a wave of Chinese money to build industrial parks and bullet trains.

Annual trade between India and China has galloped to $66 billion from $3 billion 14 years ago, something that underscores the rise of Beijing as the global manufacturing hub and India’s growing appetite for everything from phones to machinery from China.

While the trade relationship between the two countries has bloomed, foreign direct investment from China has not. According to Indian government statistics, the country has received a total of around $400 million from China in investment in the last 14 years. Even if you add the $1.2 billion of direct investment India received from Hong Kong, China is still well behind the $22 billion in foreign direct investment from the United Kingdom, $17 billion from Japan, $13 billion from the Netherlands and $1.9 billion from Spain.

It’s not that China doesn’t invest abroad. According to data from United Nations Conference on Trade and Development, China was the third biggest source of foreign direct investment last year, having invested more than $100 billion in other countries. In the seven years to 2012, it invested more than $25 billion in the 10 members of the Association of Southeast Asian Nations alone.

Chinese investment has tended to focus on the resources sector to power its economy. Much of it has gone into getting control of oil, natural gas and coal in Africa, Australia, Indonesia and elsewhere. India has not attracted much of this investment as it is a net importer of resources and has a heavily regulated energy sector, said Rajiv Biswas, economist for IHS.

“China wants to increase investment in India and wants Chinese companies on the ground there,” Mr. Biswas said. “Most of it will be in manufacturing and infrastructure space.”

Chinese companies may also be looking to move some of their manufacturing to India as they struggle with rising wages at home, said Ajay Sahai, director general and chief executive at Federation of India Export Organization.

If India can’t find better ways to fix its trade imbalance with China, New Delhi may want to increase taxes on some imports such as auto-components and pharmaceuticals to encourage Chinese companies to set up factories in India, he said.

“This will not only raise Chinese investment in India but also help in fixing the trade imbalance,” said Mr. Sahai.

via Is China Ready to Step Up and Invest in India? – India Real Time – WSJ.

17/09/2014

5 Things to Look Out for During Xi Jinping’s Visit to India – WSJ

Manan Vatsyayana/Agence France-Presse/Getty Images

1 INFRASTRUCTURE

Prime Minister Narendra Modi is looking for foreign capital and expertise to build “smart cities”, high-speed trains and modern airports of the kind that China has built for itself in the past decade. The two leaders are expected to sign a deal to bring bullet trains to India and may also reach an agreement for the building of world-class railway stations and airports.

2 INDUSTRIAL PARKS

The two countries laid the groundwork for Chinese investment in industrial parks in India when Indian Vice-President Hamid Ansari visited Beijing in June. Indian officials say they expect to ink deals worth $5 billion for two parks – one in the western state of Gujarat, Mr. Modi’s home state, and the other in Maharashtra. The idea is to make it easier for Chinese companies to set up shop in India.

3 BORDER TROUBLES

Territorial disputes that have long dogged Sino-Indian ties aren’t the focus of this visit, but are sure to come up. Two reports this week – one about an alleged incursion by Chinese troops in Ladakh and another about protests by Chinese civilians and troops against the construction of an Indian canal along the disputed border – have highlighted the unresolved issues. Even after 17 rounds of talks, no solution has emerged – don’t expect one during this visit either.

4 COMPETITION WITH JAPAN

Indian newspapers have been filled with anticipation about whether China will outdo its Asian rival, Japan, in promising investments for India. Earlier this month, Japan pledged to pour $35 billion into India over five years; China is expected to go further. Expect reams of analysis of Mr. Xi’s rapport with Mr. Modi. When Japanese Premier Shinzo Abe met Mr. Modi, they bear hugged.

5 BREAKING OUT OF THE MOLD

Officials have raised hopes of a “directional change” and an “orbital jump” in Sino-Indian ties, which have long been bogged down by bureaucratic mistrust. Trade relations have flourished in the past decade, but are skewed in China’s favor– and investments have remained very low. Experts are hoping Mr. Modi – who worked with Chinese as chief minister of Gujarat – will adopt a pragmatic approach to push for Chinese money. If he succeeds, the visit may set the stage for an era of economic collaboration between the two Asian giants.

via 5 Things to Look Out for During Xi Jinping’s Visit to India – WSJ.

17/09/2014

Is China’s promised $100 billion India investment more dangerous than its border policy?

Experts believe that China deliberately uses trade as part of its geo-strategic arsenal.

The script is almost predictable. Right before meetings of Indian and Chinese heads of state, something happens on the border to remind everyone that sentiment between the two countries is not exactly neighbourly. Last year it was a standoff in Daulat Beg Oldi about infiltration by the Chinese army. This year, with everyone excited at China’s promise to pump $100 billion into India, there’s another incursion by the Chinese into Demchok in Ladhak.

Chinese President Xi Jinping arrives in India today and will visit Ahmedabad on Prime Minister Narendra Modi’s birthday. But Chinese troops have also been reported to have moved 500 meters into Indian territory.

Beijing’s approach seems to be sweet-talking – this time taking the form of foreign direct investment – coupled with regular pinpricks that remind India that they have the stronger position on the border.

But could the proposed investment be as much of a threat to India as the border dispute?

Trading places

India’s total trade with China was around $65 billion in 2013-’14. Of that, only $14 billion were Indian exports heading into China, leaving India with a trade deficit of $36 billion. If oil imports are included, Chinese imports are responsible for nearly half of India’s overall trade deficit. This is a great many Indian eggs in one Chinese basket.

For many economists, this isn’t a problem. It’s simply the way efficient markets ought to function, with India buying the goods it needs from the most competitive seller. “The more competitive the trading partner, the more India should buy from it, and the bigger should be the bilateral trade deficit,” wrote commentator Swaminathan Aiyar last year. “China is the most competitive exporter of all, so India should run its biggest trade deficit with this country.”

Yet India does feel the need to reduce the trade deficit with China. Answering a question in the Lok Sabha earlier this year, minister of state for commerce Nirmala Sitharaman admitted that the balance of trade was heavily in China’s favour and that India was taking steps to address this.

“With a view to reducing the trade deficit with China, efforts are being made to diversify the export basket,” Sitharaman said.

via Scroll.in – News. Politics. Culture..

16/09/2014

Xi’s India visit highlights changing power dynamic – Businessweek

Chinese President Xi Jinping’s trip to India this week highlights subtle shifts in the regional power dynamic that are bringing warmer ties between the two Asian giants, challenging China’s traditional relationship with Pakistan, and opening a new chapter in Beijing’s ongoing competition for influence with arch-rival Japan.

Xi is due in New Delhi on Wednesday for a three-day visit focused on trade, investment and the resolution of decades-old border disputes. With the world’s second-largest economy and a proven track record at building highways, railways, and industrial zones, China has much to offer India as it seeks to upgrade its creaky infrastructure.

The visit is the latest sign of easing suspicions between the two huge countries — which between them have 2.6 billion people — dating from a month-long border war in 1962 that left around 2,000 soldiers dead. That conflict ended in a standoff with both sides accusing the other of occupying its territory.

Xi’s visit “will definitely enhance the bilateral political mutual trust,” Chinese Assistant Foreign Minister Liu Jianchao told reporters in Beijing last week.

While ties have been steadily growing for years, they’ve been given a major boost under new Indian Prime Minister Narendra Modi, who’s signaled he wishes to pursue a more vigorous foreign policy. Xi is the first Chinese head of state to visit in eight years, while the country’s prime minister, Li Keqiang, made India his first overseas visit shortly after taking office last year.

“Good relations with India are a key part of China’s regional strategy and Xi’s visit creates the opportunity for direct face-to-face communication on the problems that still exist, such as the border issue,” said Zhao Gancheng, Director of the Asia-Pacific Center of the Shanghai Institute for International Studies.

via Xi’s India visit highlights changing power dynamic – Businessweek.

05/09/2014

Chinese woman wrongfully jailed for theft given apology and payout 25 years after | South China Morning Post

Twenty-five years after she was locked up behind bars, a Guangdong woman on Thursday received more than 650,000 yuan (HK$818,000) in compensation for being wrongfully imprisoned – in the latest case of corrective measures for miscarried justice in China.

suspect_ap.jpg

Bai Chunrong was sentenced to eight years in prison for theft on July 28, 1989, and served time until she was released in 1996, the Guangdong province newspaper New Express reported.

Bai filed an appeal in March 1990 but the Foshan Intermediate People’s Court upheld the conviction. There were no further details about her crime given in the court announcement.

The same court reopened the case in late March and the judge declared her innocent on the grounds of insufficient evidence.

Bai received the compensation from the Foshan court judge, who apologised to Bai for the wrongful conviction.

Bai, crying while kneeling on the floor and kowtowing to the magistrate, said: “I really thank the current court and judge for helping me get vindicated.”

Last month, in a rare acquittal, a court in southeastern Fujian province overturned the death penalty against a food hawker convicted of double murder.

via Chinese woman wrongfully jailed for theft given apology and payout 25 years after | South China Morning Post.

26/08/2014

For young Indian urbanites, caste is no longer a marital consideration – but Mummy and Papa are

Caste and language are losing significance in urban India, at least as far as marriage is concerned, according to a survey of more than 400 single adults in Delhi, Mumbai and Bangalore. But other social traditions are not being forgotten: adults between the ages of 20 and 35 say the most important thing is that their partner respects elders and treats their spouse’s family just as they do their own.

More than half of the participants in the survey conducted by Floh, a forum for singles to meet and interact online and offline, said they would take the decision of whom to marry jointly with their parents. Only 22% believed that they could marry someone their parents did not entirely approve of. The respondents all came from similar socio-economic background, with at least an undergraduate degree and earning more than Rs 40,000 per month.

Floh founder Siddharth Mangharam believes that the survey shows that India treads its own path when it comes to social interactions. “We are not following some Western ideology, just 20 or 30 years behind,” he said.

Young urban Indians – and parents, who were also interviewed – seem to have unshakable faith in the idea that humans fall in love at first sight. When asked, 71% of single adults and 62% of parents said they were convinced the phenomenon existed. Most respondents’ main reason for being single was that they had not found the “right one”.

via Scroll.in – News. Politics. Culture..

01/08/2014

China’s Girl Births Ratio Improves as Country Gets More Educated – Businessweek

Priscilla Yang is standing outside Tuanjiehu Beijing Maternity Hospital, her husband dutifully holding aloft a purple umbrella to shield her from the blazing July sun. The 27-year-old is eight months pregnant and feeling relieved: Her latest rounds of prenatal tests came back normal.

Yang doesn’t know, but wonders about, the gender of her child. A college-educated public-relations executive, Yang says she hasn’t tried to wheedle illicit information from the maternity hospital staff. Boy or girl, “both are OK,” she says. “What I care most about is that the baby is healthy.”

Yang’s indifference about gender is becoming more common, though the struggle has been long. It has been illegal in China since 2001 for doctors to reveal the sex of the fetus to expectant parents. When ultrasound technology became widely available in the late 1980s, the number of sex-selective abortions shot up. Traditional Chinese culture prized sons, who performed heavy labor on farms and were expected to inherit land and stay home to care for elderly parents. Daughters left their parents’ household to join their husband’s after marriage. The one-child policy, announced in 1980 and enacted nationally within a few years, only intensified the desire for sons. Even after the 2001 law, many Chinese parents managed to bribe poorly paid doctors to see ultrasound results—then chose to abort female fetuses.

via China’s Girl Births Ratio Improves as Country Gets More Educated – Businessweek.

11/07/2014

India to Spend $2.2 Billion on Water Supplies, Ganges – Businessweek

Prime Minister Narendra Modi’s new government today pledged 131 billion rupees ($2.2 billion) in spending on water projects to improve supplies and the condition of the Ganges, India’s largest river.

Ganges .. India

Ganges .. India (Photo credit: Nick Kenrick .)

Asia’s third-biggest economy will develop watersheds, build more pumping stations and start to clean the Ganga, blighted by raw sewage along much of its 2,525-kilometer (1,570-mile) route, as India endures a year of “unpredictable” monsoons, Finance Minister Arun Jaitley said.

The government will use 36 billion rupees to improve drinking supplies for about 20,000 villages and small towns affected by arsenic and fluoride contamination, Jaitley told Parliament in the minister’s annual budget speech. About 21.42 billion rupees will be spent on watershed development and 20.37 billion rupees on Ganga upgrades. About 42 billion rupees will go to developing inland waterways in the plan.

via India to Spend $2.2 Billion on Water Supplies, Ganges – Businessweek.

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