Archive for ‘Economics’

09/08/2014

China provinces on track to meet 2015 energy targets: NDRC | Reuters

Most of China’s provinces are ahead of schedule or on track to meet 2015 energy savings targets, the government said on Friday, with Beijing and Shanghai among the frontrunners as the world’s No.2 economy seeks to reduce its impact on the environment.

Smoke rises from chimneys of a thermal power plant near Shanghai March 26, 2014.  REUTERS/Carlos Barria

China has pledged to reduce its energy intensity – the amount of energy it uses to add a dollar to its gross domestic product (GDP) – to 16 percent below 2010 levels by 2015.

Beijing’s intention in setting the targets was to slow emissions of climate-changing greenhouse gases and cut expensive fuel imports, but they have won new relevance with the pollution crisis that has enveloped the nation the past two years.

via China provinces on track to meet 2015 energy targets: NDRC | Reuters.

09/08/2014

China builds friendship railway to link Pakistan | The Times

In a park outside Islamabad, fountains tinkle beneath the huge glass façade of the new Pakistan-China Friendship Centre. “Pakistan China friendship is as high as the Himalayas, as deep as the ocean and sweet as honey,” declares a hoarding above an escalator, which grinds to a halt intermittently due to the country’s chronic power shortages.

Nanga Parbat mountain

Next month, China’s President Xi Jinping will arrive here to finalise plans to turn this gushing propaganda into reality by building a 1,800km railway that would, for the first time, directly link Beijing to Islamabad via its eastern province of Xinjiang. Stretching to Pakistan’s biggest city of Karachi, and beyond to a Chinese-built deep-sea port at Gwadar on the Gulf of Oman, the railway would bore through some of the world’s highest peaks in the Karakoram sub-range of the Himalayas.

“China has a new focus on this region,” beams Senator Mushahid Hussain Sayed, the chairman of the Pakistan China Institute, who says the railway will be a “game changer” and the most ambitious part of a Chinese plan to reboot the area’s troubled economy and open up its own western flank to development. After years of war and terrorism, Pakistan has suffered an exodus of foreign cash and expertise, but with Beijing now splashing out $32 billion on more than 120 projects in Pakistan over the next seven years, the number of Chinese living and working in the country has leapt to from 3,000 in 2008 to nearly 15,000.

Chinese workers are dredging Karachi’s port complex, and building a giant hydroelectric dam at Bunji on the Indus River, a highway linking Lahore to Karachi, and nuclear and coal-fired power stations, solar power plants and ports.

With Pakistan’s reputation for violence, terrorism and corruption, some westerners are privately raising their eyebrows at the scale of China’s spending spree. However, for China’s former ambassador to India and Pakistan, Zhou Gang, the attractions are clear. “It will promote the economic development of all Asian countries,” he said, pointing out that to reach the Gulf of Oman from Shanghai, Chinese goods must currently travel 15,858km by ship through the Strait of Malacca. A railway, road or pipeline through Pakistan would slash that journey to 4,712km.

Despite the hype, however, tensions exist. India disapproves of the railway, which would run through territory it claims as its own. China also frets about the safety of its citizens in Pakistan, several of whom have been killed. One Pakistani official warned: “If they can’t sort out the terrorism and security then it won’t happen.”

via China builds friendship railway to link Pakistan | The Times.

08/08/2014

Nation to donate $4.9 million for Ebola assistance – China – Chinadaily.com.cn

The Chinese government announced on Thursday it will provide 30 million yuan ($4.86 million) in humanitarian aid to four Ebola-ravaged countries in West Africa to help contain the outbreak.

English: Biosafety level 4 hazmat suit: resear...

English: Biosafety level 4 hazmat suit: researcher is working with the Ebola virus (Photo credit: Wikipedia)

The Ebola virus has been blamed for at least 932 deaths in four western African countries-Guinea, Liberia, Nigeria and Sierra Leone-with 1,711 reported cases, according to The Associated Press.

China’s National Health and Family Planning Commission said on Thursday that no Ebola cases have been reported in China. Song Shuli, the commission’s spokeswoman, said a series of preventive measures have been taken to stop the virus from entering the country.

The commission said it is communicating with the World Health Organization to better monitor and anticipate the spread of the virus.

It has also ordered border control authorities to intensify their checks of inbound travelers, Song said at a news conference on Thursday.

She dismissed an online rumor that a person in Shanghai died of Ebola virus. She also said “the possibility of the virus coming to China remains slim right now” in response to news reports in late July of a Hong Kong woman who showed symptoms suggestive of the Ebola virus after a visit to Kenya. She later tested negative for the disease.

Local medical institutions must report any confirmed or suspected Ebola cases directly to the commission within two hours, said Song, who added that the public should learn more about the disease to protect themselves.

via Nation to donate $4.9 million for Ebola assistance – China – Chinadaily.com.cn.

08/08/2014

In China, Wastewater Irrigates Parks and Spreads Bacteria – Businessweek

In theory, recycling water in China’s parched cities, including Beijing, makes ecological sense. But when wastewater is inadequately treated before being used to water urban parks—or redirected through scenic downtown canals—it can become an environmental health hazard.

Something Is Scary in the Water That Irrigates Many Chinese Parks

Six researchers in Beijing and Xiamen working for the Chinese Academy of Sciences recently decided to compare conditions in city parks watered with fresh water vs. recycled water. Their findings, reported in a July 24 article in the journal Environmental Science & Technology, may make you squirm.

Conventional wastewater treatment plants are designed to remove solids, organic matter, and nutrients from water, but they aren’t properly equipped to treat the kinds of waste that may be found in used water from hospitals and pharmaceutical facilities. In particular, most wastewater plants in China don’t remove traces of antibiotics and may even become “reservoirs” for them, as the researchers put it.

Even treated wastewater can therefore become a vector for spreading antibiotics, as well as “antibiotic resistant genes”—chance genetic mutations that make bacteria resistant to drugs. The researchers found that urban parks in China doused with recycled water contained dangerously elevated levels of antibiotic resistant genes, with quantities from 100 times to 8,655 times greater than in other parks.

An April 30 report from the World Health Organization sounded the alarm about growing antibiotic resistance worldwide: “This serious threat is no longer a prediction for the future, it is happening right now in every region of the world. … Antibiotic resistance–when bacteria change so antibiotics no longer work in people who need them to treat infections–is now a major threat to public health.”

Apparently lousy sewage systems and some irrigated parks in China, and likely elsewhere, are helping to accelerate the threat. China’s situation is particularly risky because of a culture of rampant overprescription of antibiotics, which the government is trying hard to bring under control.

via In China, Wastewater Irrigates Parks and Spreads Bacteria – Businessweek.

08/08/2014

Bordeaux in Beijing? China Hopes to Build Must-See Destination For Wine Lovers – China Real Time Report – WSJ

Beijing may be better known for its pollution than its bucolic charms. But that isn’t stopping the government from trying to develop a rural region northwest of the city into a Napa Valley-style attraction.

Last month, the government hosted the 11th International Conference on Grapevine Breeding and Genetics in Beijing’s Yanqing county, a five-day affair involving wine tasting competitions and networking among grape breeders and geneticists from around the world.

In addition to hosting such a conference, the government also recently finished the construction of a so-called “International Grape Exhibition Garden,” which will consist of vineyards that they hope will attract an increasingly wine-loving public.

“We want to build our own Bordeaux in China,” said Pang Rongnian, the International Grape Exhibition Garden’s deputy director. He declined to comment on how much the government has invested in the garden’s creation.

The garden is home to 750,000 square meters of vineyards, along with a 2,500 square-meter greenhouse that will help nurture more than 1,000 kinds of grapes from more than 40 countries.

According to Vinexpo, which hosts regular wine and spirits exhibitions, China consumes more wine than any other country in the world. Last year,  China consumed more than 1.9 billion bottles of red wine in 2013, up 136% compared to 2008.

Also last year, auction house Christie’s set up the world’s first estate agency for wealthy Chinese to buy vineyards.

via Bordeaux in Beijing? China Hopes to Build Must-See Destination For Wine Lovers – China Real Time Report – WSJ.

07/08/2014

After China Factory Explosion, Workers Petition for More Rights – China Real Time Report – WSJ

A deadly fire at a garment factory in New York City more than a century ago set the stage for widespread support a for labor movement in the U.S. that led to sweeping reforms of workplace-safety laws.

Now, some activists are hoping that a recent blast in eastern China that killed at least 75 workers and left 180 other injured can do the same here. Chinese labor-right activists are putting together a petition for the country’s legislators, which they say they hope might help to reshape the labor-rights landscape of the world’s largest manufacturing center.

The letter, circulating on Chinese social media, calls on unions to give workers the right to inspect work-safety conditions and to carry out collective bargaining with employers regarding labor-safety standards. It also calls for local governments to step up their supervision of work safety and for employers to respect workers’ rights.

The 1911 Triangle Shirtwaist fire, which claimed the lives of 146 mostly female immigrant garment workers in New York—a garment-manufacturing hub at the time— inspired the U.S. workers to defend their rights. After decades of suffering, Chinese workers’ rights are still neglected, said the letter, signed by 15 labor-rights institutions and nearly 1,600 workers as of Thursday morning.

“China does have work-safety laws, but local governments don’t implement them strictly so some companies don’t take the codes seriously,” Beijing-based labor-rights researcher Wang Jiangsong said.

Mr. Wang, a professor at the China Institute of Industrial Relations, has been promoting the petition on his personal Weibo account.

“Under the current system, workers have no means to voice their concerns. That’s the root problem.” Mr. Wang said by phone.

China’s unions are controlled by the government, and recent efforts by workers to establish independent worker unions have been foiled by local governments, workers and activists have said.

An official investigation showed the most recent incident, which happened at a company that supplies parts for cars from General Motors Co. and other auto makers in Kunshan, Jiangsu province, was caused by an excess of dust that exploded after exposure to a heat.

The town’s local fire department said there was a fire alert from the factory two months before the explosion, which they said the workers extinguished before the fire engine arrived, the Beijing News reported on Monday.

Xinhua News Agency on Monday cited China’s official work-safety agency as saying inadequate supervision by local authorities was partly responsible for the blast.

The local government in Suzhou, which governs Kunshan, has suspended operations at 214 factories to evaluate safety risks, Xinhua said on Wednesday.

The explosion in Kunshan, which caught nationwide attention, is the most deadly among a series of similar accidents in China in recent years.

In April, a blast also caused by excessive dusk levels in the neighboring city of Nantong, led to eight deaths. Two years ago, aluminum dust caused a blast at a factory in the export hub of Wenzhou, in Zhejiang province, claiming 13 workers’ lives and injuring 15, Xinhua reported.

“Excess levels of dusk is very common in Zhejiang, and it’s very dangerous for workers,” said Huang Caigen, founder of Zhejiang-based nonprofit Xiaoxiaoyu Labour Services, which provides work-safety training and legal assistance.

Mr. Huang said inspectors from local governments normally have close relationships with their town’s employers, meaning factories can often easily pass local work-safety inspections via their “public relations” efforts.

Although Mr. Huang admits that the most recent petition might bring about immediate change, he remains optimistic that persistence will eventually pay off.

“Maybe this time won’t result in anything, but if we keep on trying… I think we could make some difference.”

via After China Factory Explosion, Workers Petition for More Rights – China Real Time Report – WSJ.

07/08/2014

China suspends work at hundreds of factories after deadly blast | Reuters

China has suspended work at more than 200 factories in an eastern province for safety checks as part of a nationwide review following an explosion at an auto parts plant that killed 75 people, government officials and state media said.

Family members cry at a caring centre for relatives of victims of a factory explosion, in Kunshan, Jiangsu province August 3, 2014.REUTERS/Stringer

Officials have been ordered to shut all aluminium and magnesium factories – and others that generate metal dust – for safety violations, the Jiangsu provincial government said in a statement late on Wednesday. Some 214 factories in Suzhou and 54 factories in Kunshan have been shut and will not reopen until they obtain government approval.

It was not immediately clear how long that would take.

Provinces such as Shaanxi, Tianjin and Sichuan, as well as the Guangxi special administrative region, have also stepped up safety checks. The crackdown comes after a blast at Kunshan Zhongrong Metal Products Co Ltd on Saturday, China’s worst industrial accident in a year.

State media has reported that investigators’ preliminary findings show that Kunshan Zhongrong bears the main responsibility for the blast in Jiangsu, which also injured 185 people when a flame was lit in a dust-filled room.

An hour’s drive from Shanghai, Kunshan Zhongrong polishes wheel hubs for automakers including General Motors Co.

“The suspended factories were found to suffer the same safety risk of dust pollution,” the official Xinhua news agency said on Wednesday, citing the government in Suzhou, which includes the satellite city Kunshan.

Xinhua did not give further details on the factories or what they produced. Jiangsu and Zhejiang provinces are known for their alloy wheel makers, with Jiangsu home to four of China’s top 10 exporters, according to the Automobile Association.

Many alloy wheel makers in Jiangsu have poor safety practices, the official China Securities Journal said.

Earlier this week, President Xi Jinping demanded a full inquiry into what happened at Kunshan Zhongrong and that those responsible be punished. China’s State Council Work Safety Commission ordered nationwide inspections and a safety campaign targeting factories that process aluminium, magnesium, coal, wood, paper, tobacco, cotton and plastic, Xinhua said.

Xinhua also said authorities would draw up comprehensive regulations for dust control at factories.

Police took at least two Kunshan Zhongrong representatives into custody earlier this week, Xinhua reported.

via China suspends work at hundreds of factories after deadly blast | Reuters.

07/08/2014

One lakh children go missing in India every year: Home ministry – The Times of India

On February 5, 2013, a Supreme Court bench, angry over 1.7 lakh missing children and the government’s apathy towards the issue, had remarked: “Nobody seems to care about missing children. This is the irony.”  (Ed note: 1 lakh = 100,000)

English: Children in Raisen district (Bhil tri...

English: Children in Raisen district (Bhil tribe), MP, India. Français : Enfants dans le district de Raisen (tribu Bhil), M.P., Inde. (Photo credit: Wikipedia)

Close to one and a half years later, government data show over 1.5 lakh more children have gone missing, and the situation remains the same with an average of 45% of them remaining untraced.

Data on missing children put out by the home ministry last month in Parliament show that over 3.25 lakh children went missing between 2011 and 2014 (till June) at an average of nearly 1 lakh children going missing every year.

Compare this to our trouble-torn neighbour Pakistan where according to official figures around 3,000 children go missing every year. If population is an issue, then one could look at China, the most populous nation, where official figures put the number of missing children at around 10,000 every year.

National Crime Records Bureau, in fact, deciphers missing children figures in India in terms of one child going missing in the country every eight minutes.

More worryingly, 55% per cent of those missing are girls and 45% of all missing children have remained untraceable as yet raising fears of them having been either killed or pushed into begging or prostitution rackets.

Maharashtra is one of the worst states in terms of missing children with over 50,000 having disappeared in the past three and half years. Madhya Pradesh, Delhi and Andhra Pradesh are distant competitors with all recording less than 25,000 missing children for the period.

Worryingly, however, all these states have more missing girls than boys. In Maharashtra, 10,000 more girls went missing than boys. In Andhra Pradesh, the number of girls missing (11,625) is almost double of boys (6,915). Similarly, Madhya Pradesh has over 15,000 girls missing compared to around 9,000 boys. Delhi, too, has more girls (10,581) missing compared to boys (9,367).

via One lakh children go missing in India every year: Home ministry – The Times of India.

07/08/2014

These ten historical monuments earn India the most revenue

As airfares become cheaper and the world gets more adventurous, India’s tourism sector has been reaping the benefits. Revenues are expected to rise by 7.9% over the next decade. In 2012, according to the World Travel and Tourism Council, tourism accounted for 6.6% of India’s GDP.

Here’s a list of India’s most lucrative historical sites, based on the revenues they earned in 2013-2014.

1) Taj Mahal, Agra

Revenue: Rs. 21,84,88,950

Mughal emperor Shah Jahan’s marble tribute to third wife, Mumtaz Mahal, the Taj is by far the most iconic structure in India, as well as the country’s biggest-earning monument.

2) Qutab Minar complex, Delhi

Revenue: Rs 10,16,05,890

The Qutub Minar was built in the early 13th century and is the second-tallest tower in India (after Mohali’s Fateh Burj). It is made out of red and buff sandstone and is a UNESCO World Heritage Site.

3) Agra Fort, Agra

Revenue: Rs 10,22,56,790

Agra Fort, another UNESCO World Heritage site, was constructed under the third Mughal emperor Akbar over the remains of the ancient site known as Badalgarh.

4) Humayun’s Tomb, Delhi

Revenue: Rs 7,12,88,110

The tomb of the Mughal emperor Humayun was built in 1572 by his widow, Bega begum.

5) Red Fort, Delhi

Revenue: Rs 6,15,89,750

The Red Fort was originally built as the fortified palace of Shahjahanabad under Shah Jahan. It was the residence of the Mughal emperors for nearly 200 years.

6) Group of monuments, Fatehpur Sikri

Revenue: Rs 5,62,14,640

The city of Fatehpur Sikri was founded in 1569 by the Mughal emperor Akbar. It served as his capital from 1571 until 1585.

7) Group of monuments at Mahabalipuram

Revenue: Rs 2,72,93,480

The sculpted temples and buildings in this town, 60 kms south of Chennai, are the remains of a port from where ancient Indian traders travelled to South East Asia.

8) Sun Temple, Konarak

Damien Roué/Flickr

Revenue: Rs 2,43,52,060

This 13th-century temple in Odisha was conceived of as a gigantic solar chariot with 12 pairs of exquisitely-ornamented wheels pulled by seven rearing horses.

9) Group of temples, Khajuraho

Revenue: Rs 2,24,47,030

Khajuraho, in Madhya Pradesh, is synonymous with this large group of medieval Hindu and Jain temples, some of which have erotic sculptures.

10) Ellora Caves

Revenue: Rs 2,06,72,820

Ellora Caves are among the largest rock-hewn monastic-temple complexes in the entire world. The site includes one of the world’s largest monolithic structures, the Kailash temple.

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

06/08/2014

Air India Loses Money to Dodge Giant Billboards in Mumbai – Businessweek

In the legion of problems that can beset an airline, here’s a novel one: gigantic billboards.

Super-sized advertisements stand in the flight path of Mumbai’s main airport, forcing departures to climb rapidly on takeoff. But Air India’s daily 15-hour flight to Newark, N.J., which requires a full load of fuel, would be too heavy to clear the billboard with its full load of passengers.

As a result, Air India now leaves 51 passengers off the Boeing (BA) 777-300ER. Flying 15 percent under capacity means losing 100 million rupees ($1.6 million) per month on the route, an Indian aviation minister told legislators on Monday, according to my Bloomberg News colleague, Anurag Kotoky.

Photograph by Dhiraj Singh for Businessweek.com

Airport officials at Chhatrapati Shivaji International have so far removed 13 of the 15 offending billboards in flight paths.

Air India has not reported a profit for eight years and required a government-funded rescue in 2012. United Airlines (UAL) uses a smaller 777-200 for the same route and has not experienced similar problems on departures, a spokeswoman told Bloomberg News.

via Air India Loses Money to Dodge Giant Billboards in Mumbai – Businessweek.

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