Archive for ‘Chindia Alert’

06/06/2014

Modi’s Big Chance to Fix India – Businessweek

After five weeks of staggered voting, more than 550 million ballots cast, and almost $5 billion spent, the world’s largest democracy finally has a new leader. Yet the question that has loomed over India’s long campaign remains: What kind of leader is Narendra Modi going to be?

Narendra Modi speaks to supporters in Vadodara, India, on May 16

Modi fought an impressive campaign focused mostly on the right issues. He successfully cast the election as a referendum on who could better deliver jobs, government services, and economic growth: himself or Rahul Gandhi, the ruling Congress party’s heir apparent. The landslide victory of Modi and his Bharatiya Janata Party—the biggest for any party since 1984—testifies to Indians’ hunger for decisiveness and efficiency after years of policy drift and corruption scandals.

Yet voters have little idea how Modi will govern. He has given no sign of how far he’ll challenge his own supporters on economic and social policies. Investors expecting miracles are in for a letdown, because India’s political system is bound to intervene. According to JPMorgan Chase (JPM), about 70 percent to 80 percent of regulatory and other roadblocks impeding big industrial projects aren’t within Modi’s power to remove. Even so, he needs to make progress where he can.

via Modi’s Big Chance to Fix India – Businessweek.

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06/06/2014

India Fights Electricity Theft as Modi Pledges Energy Upgrade – Businessweek

Inspectors from billionaire Anil Ambani ’s electricity provider, BSES Rajdhani Power , entered a village near New Delhi on May 21, hunting for meters that were tampered with to show artificially low power consumption. Residents stoned and beat them with iron rods, a police report shows. Inspectors visiting a nearby village in 2012 were bound and urinated on, say two company officials who asked not to be identified, because the information isn’t public.

India Fights to Keep the Lights On

The attacks highlight how hard it is for India’s power industry to stem electricity theft, which is contributing to blackouts and costs $17 billion in lost revenue annually, according to calculations by Bloomberg. It’s a big challenge for new Prime Minister Narendra Modi , who has pledged to boost energy output. Billing rates “are too low, and theft is too high. If you look at the power losses, 80 percent is theft,” says Ratul Puri, chairman of Hindustan Powerprojects , a privately held power plant operator.

The government requires electricity distributors to sell power to consumers below cost. That forces them to borrow heavily to pay power-generation companies. Distributors that sell to consumers in Delhi state, including BSES, owed 141 billion rupees ($2.4 billion) to state-run power generators as of April 30, India’s Ministry of Power says. To help electricity retailers, the government has come up with a plan that shifts some of this debt to regional governments and eases payment terms on the rest.

via India Fights Electricity Theft as Modi Pledges Energy Upgrade – Businessweek.

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06/06/2014

Creativity advances as patent filings rise – China – Chinadaily.com.cn

An increase in overseas patent applications from Chinese applicants is a positive sign for China’s innovation and economy, World Intellectual Property Organization Chief Economist Carsten Fink said.

WIPO emblem.

WIPO emblem. (Photo credit: Wikipedia)

According to the WIPO, China’s patent office became the world’s largest intellectual property office in 2012 in terms of the number of its patent applications, but Chinese patent applicants did not file their patents as frequently abroad in other countries as did those from the United States, Europe and Japan.

Fink said that a changing picture was observed as patent filings abroad by Chinese companies and research institutions have been growing rapidly.

The WIPO found in its new study that the growth of Chinese patent filings abroad increased significantly after 2000, with a five-year average annual growth rate of 40 percent between 2000 and 2005, and 23 percent since 2005.

“That is important because on the one hand, it signals that Chinese companies really operate on the world technology frontier, and (on the other hand) it also suggests that indeed they are pushing the world’s technology frontier. That is a good sign for China’s innovation system,” Fink said.

Fink stressed that overseas patent filings weighed heavily for China’s economy and could be a positive boost.

“That will help Chinese companies to transfer their business models from the past one that relied on low wages to another one that will rely more and more on new technologies, new products and new ideas,” he said.

via Creativity advances as patent filings rise – China – Chinadaily.com.cn.

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06/06/2014

Short skirts, bad stars and chow mein: why India’s women get raped : Reuters

The 2012 Delhi bus rape case and an ever-longer list of rapes and murders in India have prompted politicians and public figures in India to cite plenty of implausible reasons why rape happens and why men brutalise women or portray women in ways that suggest they had it coming. Many people when speaking out tend to minimise the crime or rationalise it in ways that sound to ludicrous to many. We created this list of such comments more than a year ago, but it seems like it’s time to add some new entries.

(Updated June 5, 2014) Babulal Gaur again: ”This is a social crime which depends on men and women. Sometimes it’s right, sometimes it’s wrong… Until there’s a complaint, nothing can happen,” Gaur told reporters. More, from CNN-IBN: “Unless the person wants, no one can dare touch her. The item numbers in films create a bad environment,” … The minister cited the instance of a Hindi movie actress who was kissed on the cheek by a leading Hollywood actor on stage in Delhi in 2007. The actress had seen nothing wrong with it, he said. He also suggested that women learn karate and judo to defend themselves, CNN-IBN reported. (Reuters and CNN-IBN)

Samajwadi Party leader and Mulayam Singh Yadav’s uncle Ram Gopal Yadav, speaking after the recent rape and hanging of two teenaged girls in Uttar Pradesh: ”vulgarity, obscenity and violence shown on TV channels” was to blame for the multiple incidents of rape and assault in UP. He also said, “In many places, when the relationship between girls and boys come out in open, it is termed as rape.” Mulayam Singh Yadav’s son, UP Chief Minister Akhilesh Yadav, suggested that reporters look on Google to see that UP isn’t the only Indian state where rape happens. (NDTV)

Continue Reading…

via India Insight.

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25/05/2014

BBC News – Pakistan PM Sharif to go to Modi inauguration in India

Pakistan’s Prime Minister Nawaz Sharif is to attend the inauguration of Narendra Modi as Prime Minister of India on Monday. Narendra Modi (L), Nawaz Sharif (R)

It is the first time since the two countries won independence in 1947 that a prime minister from one state will attend such a ceremony in the other. The two nuclear-armed rivals have fought three wars in the past 60 years. Mr Modi is seen as a hardliner on national security issues. His BJP party advocates a tough stance on Pakistan. But correspondents say his huge election victory gives him a mandate to reach out to Pakistan in a way the previous administration could not.

Bilateral ties suffered badly in the wake of the 2008 attacks in the Indian city of Mumbai, when 166 people were killed by Pakistani gunmen. Relations improved slightly under outgoing PM Manmohan Singh, but there are still regular skirmishes on the disputed border in Kashmir.

Mr Singh was invited to Mr Sharif’s inauguration last year but did not attend.

via BBC News – Pakistan PM Sharif to go to Modi inauguration in India.

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25/05/2014

China and Russia: Best frenemies | The Economist

ON MAY 21st, after a nail-biting session of late-night brinkmanship, China and Russia signed an enormous gas deal worth, at a guess, around $400 billion. Their agreement calls for Russia’s government-controlled Gazprom to supply state-owned China National Petroleum Corporation with up to 38 billion cubic metres of gas a year between 2018 and 2048. The deal capped a two-day visit to China by the Russian president, Vladimir Putin, that included a regional-security summit and joint military exercises off the Chinese coast.

Mr Putin called the deal the biggest in the history of Russia’s gas industry. But it counts, too, for the geopolitics that underpin it. That an agreement should come now, after a decade of haggling, is no accident. The deal will help the Kremlin reduce Russia’s reliance on gas exports to Europe. It is proof that Mr Putin has allies when he seeks to blunt Western sanctions over Ukraine. Both Russia and China want to assert themselves as regional powers. Both have increasingly strained relations with America, which they accuse of holding them back. Just over 40 years ago Richard Nixon and Henry Kissinger persuaded China to turn against the Soviet Union and ally with America. Does today’s collaboration between Russia and China amount to a renewal of the alliance against America?

That is surely the impression Mr Putin wants to create. Ahead of his visit he gushed to Chinese media, saying their country was “Russia’s reliable friend”. Co-operation, he said, is at its “highest level in all its centuries-long history”. From the Chinese side, Xi Jinping chose Russia as the first country he visited on becoming president in 2013.

Commercial ties are growing. China is Russia’s largest single trading partner, with bilateral flows of $90 billion in 2013. Even before the gas deal, the two sides hoped to double that by 2020. If Western banks become more reluctant to extend new loans, financing from China could help Russia fill the gap. China badly needs the natural resources which Russia has in abundance. The gas deal will ease China’s concerns that most of its fuel supplies come through the strategic chokepoint of the Strait of Malacca, and will also enable China to move away from burning so much of the coal that pollutes the air in Chinese cities.

The two have also made common cause in geopolitics. China abstained from a UN security council vote in March that would have rejected a referendum that Russia backed in Crimea before it annexed it. China has also joined Russia in vetoing UN attempts to sanction the regime of Bashar Assad fighting a civil war in Syria. The two have taken similar stances over issues such as Iran’s nuclear programme.

China and Russia share a strong sense of their own historical greatness, now thwarted, as they see it, by American bullying. Both want the freedom to do as they please in their own back yards. Russia’s annexation of Crimea and its manoeuvring in eastern Ukraine have vexed America and Europe and left Mr Putin with even fewer friends than before. China’s push into the East and South China Seas is causing similar concerns in Asia, as smaller neighbours worry about its expansionism.

But the West should not panic. Despite all this, Russia and China will struggle to overcome some fundamental differences. Start with the evidence of the gas deal itself: the fact that it took ten years to do, and that the deal was announced at the last minute, suggests how hard it was to reach agreement. The Chinese were rumoured to have driven a hard bargain, knowing that Mr Putin was desperate to have something to show from his trip.

More a grimace than a smile

In this deal, as elsewhere in the relationship, China has the upper hand. Other supplies of gas are coming online in Australia and Central Asia. And whereas China’s global power is growing, Russia is in decline—corroded by corruption and unable to diversify its economy away from natural resources. The Chinese government will expect the Kremlin to recognise this historic shift—a recipe for Chinese impatience and Russian resentment. Although the two countries are united against America, they also need it for its market and as a stabilising influence. And they are tussling for influence in Central Asia. Their vast common border is a constant source of mistrust—the Russian side sparsely populated and stuffed with commodities, the Chinese side full of people. That is why many of Russia’s tactical nuclear weapons are pointed at China (see article). In the long run, Russia and China are just as likely to fall out as to form a firm alliance. That is an even more alarming prospect.

via China and Russia: Best frenemies | The Economist.

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25/05/2014

China continues advance into South China Sea; military base to be built on artificial island

24/05/2014

Modi’s Big Chance to Fix India – Businessweek

After five weeks of staggered voting, more than 550 million ballots cast, and almost $5 billion spent, the world’s largest democracy finally has a new leader. Yet the question that has loomed over India’s long campaign remains: What kind of leader is Narendra Modi going to be?

Narendra Modi speaks to supporters in Vadodara, India, on May 16

Modi fought an impressive campaign focused mostly on the right issues. He successfully cast the election as a referendum on who could better deliver jobs, government services, and economic growth: himself or Rahul Gandhi, the ruling Congress party’s heir apparent. The landslide victory of Modi and his Bharatiya Janata Party—the biggest for any party since 1984—testifies to Indians’ hunger for decisiveness and efficiency after years of policy drift and corruption scandals.

Yet voters have little idea how Modi will govern. He has given no sign of how far he’ll challenge his own supporters on economic and social policies. Investors expecting miracles are in for a letdown, because India’s political system is bound to intervene. According to JPMorgan Chase (JPM), about 70 percent to 80 percent of regulatory and other roadblocks impeding big industrial projects aren’t within Modi’s power to remove. Even so, he needs to make progress where he can.

A good place to start would be to keep an election promise to introduce a combined goods and services tax—something Modi’s own party has long opposed, because it would force revenue losses on state governments. (Modi could offset some of the losses using central revenues.) He should move to phase out petroleum subsidies. He should give state and local governments greater flexibility in regulating labor markets, land sales, and more. Economic competition among the states is key.

Above all, India’s new leader must also reach out to the country’s Muslims—assuring them that he recognizes they are full and valued citizens entitled to an equal measure of security, trust, and respect. Modi’s campaign was based in part on a simple point: India can no longer afford to muddle through, endlessly avoiding difficult decisions. Now it’s time to deliver.

via Modi’s Big Chance to Fix India – Businessweek.

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24/05/2014

China’s 430 Million Families Shrink and Age – Businessweek

China’s families keep shrinking in size, says a new report by the National Health and Family Planning Commission, released earlier this month.

Retired Chinese women practice Tai Chi at a park in Haikou city, south China Hainan province on March 25

It’s well known that the One-Child Policy played a key role in radically reducing the size of China’s households, which have shrunk from an average of 5.3 members in the 1950s to just 3.02 in 2012. (The numbers were 3.96 and 3.10 in 1990 and 2010, respectively.)

But that longtime policy restriction has not been the main driver in recent years, according to the China Family Development Report 2014. Instead, internal migration and changing social norms have been bigger contributors to the phenomenon in recent years. (That also means last year’s loosening of the family planning regulation isn’t going to reverse the smaller household phenomenon.)

By 2010, China had 160 million households made up of either one or two people. That’s 40 percent of the total number of households, a proportion that rose from 25 percent of the total in 2000. Over the same decade, the number of single person households doubled, and those of two people went up by 68 percent, according to the commission.

So what’s driving the surge in little families? In the cities it has a lot to do with young people waiting longer to get married. “A growing number of well-educated people now decide to marry at a later age because of their careers,” the China Daily reported, citing the survey. “Changing attitudes toward marriage also prompted many to stay single.”

As China’s population rapidly ages, more and more families are elderly. China now has 88 million families made up of people over 65, about one-fifth of the total, the report says. That reverses the longtime Chinese custom of older parents living with their children. With some 300 million rural migrant workers living far from their hometowns, the problem is particularly acute in the countryside—that is contributing to a growing problem of poverty among the elderly.

via China’s 430 Million Families Shrink and Age – Businessweek.

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24/05/2014

‘Four Dishes, One Soup’ Not Enough For Sino-Russian Gas Deal Celebration – China Real Time Report – WSJ

Say you’re the leader of the world’s No. 2 economy. You just signed a massive energy deal with your Russian counterpart that has major political and economic implications – and that, under international protocol, calls for a big-time state wingding. At the same time, you’re pushing a government austerity platform to convince your people that their leaders aren’t corrupt fat cats living large off the people.

What to do?

That’s the dilemma Chinese President Xi Jinping faced this week after he reached a 30-year, potentially $400 billion gas supply deal with Vladimir Putin. His answer, it seems, was to split the difference. The state dinner that followed the high-profile deal-signing had enough fancy dishes, tipple and desserts to fail the sort of austerity test Mr. Xi might apply to, say, a banquet thrown by county-level officials in a tier-three burg.

Still, experts said, the wines steered more to the local than to the Bordeaux, and the whole affair fell short of what you might get at a fancy wedding.

After 10 years of difficult negotiation, China and Russia signed a landmark natural-gas contract on Wednesday. The night before, Chinese President Xi Jinping and his wife Peng Liyuan hosted a dinner in Shanghai welcoming more than 300 guests from 46 countries, including Russian President Vladimir Putin.

What dishes were served during the 90-minute dinner?

The dinner was definitely more elaborate than the “four dishes and one soup” set promoted by Xi Jinping as a form of domestic cost-cutting. There were four plates of desserts alone—implying that the anti-corruption rules don’t always apply when it comes to state events, as China doesn’t want to lose face on diplomatic occasions. The six appetizers included mashed green beans, spicy cabbage, sliced whitebait, a pea dish and bamboo shoots with green onions. The five dishes and one soup served included shrimp balls, fried and braised beef, macadamia nuts with greens, flatfish with bean curd sauce, luffa with green beans and mushroom with fish maw. Other dishes included moulded pudding, vegetable dumplings and plates of fruit.

This dinner was intended to be a creative combination of Chinese and western-style cooking, one that highlighted fresh ingredients from southern regions of the Yangtze River. The executive chef behind it, Su Dexing, was also the chief cook for the state banquet during the APEC meeting in 2001, according to Shanghai International Convention Center staff.

As at many state events, China’s ubiquitous luxury liquor Maotai was also served, along with a dry red and dry white wine produced by Cofco Wines & Spirits. According to prices advertised on e-commerce websites, such red and white wine would likely cost between 400-600 yuan ($64-96) per bottle and 300 yuan per bottle, respectively.

Although abundant, the dinner was still simple compared to other options available in Shanghai, where wedding banquets can easily cost a minimum of 500 yuan per person, excluding liquor. In 5-star hotels, such meals might cost more than double that amount.

via ‘Four Dishes, One Soup’ Not Enough For Sino-Russian Gas Deal Celebration – China Real Time Report – WSJ.

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