Economics | CHINDIA ALERT: You'll be living in their world, very soon

11/02/2014

China’s power capacity up 94 mln kw in 2013 – Xinhua | English.news.cn

China’s installed power capacity increased by 94 million kilowatts (kw) in 2013, the National Energy Administration (NEA) said on Monday.

Thermal power accounted for the bulk of the capacity growth, topping 36.5 million kw, followed by 29.93 million kw from hydropower, 14.06 million kw from on-grid wind power, 11.3 million kw from on-grid solar power and 2.21 million kw from nuclear power.

The country’s total installed power capacity topped 1.25 billion kw at the end of 2013, up 9.3 percent year on year.

Thermal power accounted for the bulk of the total capacity at the end of 2013, reaching more than 860 million kw, up 5.7 percent year on year.

On-grid solar energy capacity increased by 340 percent from a year earlier.

China’s electricity consumption, a key indicator of economic activity, rose 7.5 percent year on year to 5.32 trillion kilowatt hours in 2013, according to the NEA.

The growth rate exceeded the 5.5-percent rise registered in 2012, but was lower than the 11.7-percent rise registered in 2011.

via China’s power capacity up 94 mln kw in 2013 – Xinhua | English.news.cn.

Posted in China alert, Economics, Electricity | Leave a Comment »

Tags: China, energy, kw, National Development and Reform Commission, National Energy Administration, NEA, Nuclear Energy Agency, power capacity, Solar power, Watt, Wind power

11/02/2014

Rail budget: Mallikarjun Kharge likely to announce more trains, new lines – The Times of India

Faced with a revenue shortfall, railway minister Mallikarjun Kharge will not bring about reduction in basic passenger fares in the interim budget on Wednesday but is likely to make adjustment in fuel adjustment component so that impact on fares is minimum in an election year.

Kharge is likely to announce more trains, new lines and better passenger amenities in the interim budget.

Railway ministry sources said it will be a growth-oriented budget and not a deficit one despite fall in earnings.

via Rail budget: Mallikarjun Kharge likely to announce more trains, new lines – The Times of India.

Posted in Economics, Investment in tangibles, railways | Leave a Comment »

Tags: Bangalore, India, interim budget, Kharge, Mallikarjun Kharge, passenger amenities, passenger fares, Rail, Rail transport, Recreation

11/02/2014

Kejriwal orders probe into gas price hike issue, names Moily, Deora – The Hindu

The Delhi Government on Tuesday ordered the filing of criminal cases against Union minister Veerappa Moily, former minister Murli Deora, Reliance Industries Chairman and Managing Director Mukesh Ambani and others following complaints of irregularities in pricing of natural gas in the KG basin.

Delhi Chief Minister Arvind Kejriwal has said the move to hike the price of natural gas will have a cascading effect on the economy. Photo: Shiv Kumar Pushpakar

Chief Minister Arvind Kejriwal said the Anti Corruption Branch (ACB) of the Delhi Government has been asked to probe the matter based on a complaint filed by former Cabinet Secretary TSR Subrmanian, Admiral Tahiliani, former Navy Chief and eminent lawyer Kamini Jaiswal besides a former Expenditure Secretary.

“Today we have asked the ACB to probe the case. We are filing a criminal case against Murli Deora. FIRs are being filed against Moily, Mukesh Ambani former DG of Hydrocarbons V K Sibal, Reliance Industries Ltd and others,” he said addressing a press conference here.

Without explaining whether the Delhi Government has jurisdiction to probe the case, Mr Kejriwal alleged that Reliance Industries Ltd was benefited as Oil Ministry decided to hike the natural gas price to USD 8 per million British thermal unit as against current USD 4.2 from April 1.

He alleged that RIL did not produce adequate gas from eastern offshore KG basin block so as to put pressure on the government to hike the price. Reliance did not offer any immediate comments on the issue.

Union Petroleum Minister M Veerappa Moily however, rejected Mr Kejriwal’s allegations, saying price of petroleum products was fixed according to expert advice.

via Kejriwal orders probe into gas price hike issue, names Moily, Deora – The Hindu.

Posted in corruption, Economics, India alert, Politics | 1 Comment »

Tags: Arvind Kejriwal, British thermal unit, Delhi Government, Krishna Godavari Basin, Managing Director Mukesh Ambani, Mukesh Ambani, Murli Deora, Natural gas, Reliance Industries, Union minister Veerappa Moily, Veerappa Moily

11/02/2014

India to Fight U.S. Solar Protectionism Charge as Ties Fray (1) – Businessweek

India will dispute a U.S. complaint at the World Trade Organization that it unlawfully restricts imports of solar equipment, saying American panel makers such as First Solar Inc. (FSLR:US) have access to most of its market.

“We will give a reply,” Tarun Kapoor, joint secretary at the Ministry of New and Renewable Energy, said in a phone interview. “Most solar projects in India are allowed to import. We have sufficient quantities open for competition.”

India required about 10 percent of new photovoltaic projects permitted in the past year to use domestically made solar cells and modules. The rule violates international trade law and raises the cost of solar energy, U.S. Trade Representative Michael Froman said yesterday in a statement.

via India to Fight U.S. Solar Protectionism Charge as Ties Fray (1) – Businessweek.

Posted in Economics, India alert, Politics | Leave a Comment »

Tags: First Solar, First Solar Inc., India, Ministry of New and Renewable Energy (India), Office of the United States Trade Representative, projects in India, Solar cell, solar equipment, Tarun Kapoor, the Ministry of New and Renewable Energy, U.S., United States, World Trade Organization

11/02/2014

Boeing to Raise India Plane Demand Forecast Amid Surge in Travel – Businessweek

Boeing Co. (BA:US) is set to raise its India market forecast as the planemaker expects surging travel demand in the world’s second-most populous nation to withstand a slowdown in economic growth and a fall in rupee.

Jet Airways Boeing 737

Boeing will increase its prediction for India plane demand in the next couple of months, Dinesh Keskar, a senior vice president at the Chicago-based company, said in an interview to Bloomberg Television’s Haslinda Amin in Singapore today.

The planemaker in 2012 raised its 20-year India market forecast by 9.8 percent, at least the third increase in a row. Carriers in the Asian nation will need 1,450 new aircraft, worth $175 billion over the next two decades, it said last year.

via Boeing to Raise India Plane Demand Forecast Amid Surge in Travel – Businessweek.

Posted in aviation, Economics, Good news, India alert | Leave a Comment »

Tags: $175 billion, Boeing, Boeing Co., Chicago, Dinesh Keskar, Economic growth, Haslinda Amin, India, India market, populous nation, senior vice president, Singapore

11/02/2014

UPDATE 1-India IT sector exports seen picking up pace in FY15-Nasscom | Reuters

IT services exports in 2014-15 are forecast to rise to as much $99 billion, according to the National Association of Software and Services Companies (Nasscom).

NASSCOM 2010 (Photo credit: markhillary)

The increase in growth rate compares with an estimated 13 percent rise in fiscal 2014, the lobby added.

“Clearly compared to what we saw in the industry 12 months ago to now, we are seeing a far more positive momentum in our major markets,” Nasscom Chairman Krishnakumar Natarajan, also chief executive of IT firm Mindtree Ltd, told reporters.

Last month, the International Monetary Fund raised its global economic growth forecast for the first time in nearly two years.

India’s biggest IT services outsourcing firms, Infosys and Tata Consultancy Services, have forecast stronger growth for IT spending in the next fiscal year by their main customers in Europe and the United States.

via UPDATE 1-India IT sector exports seen picking up pace in FY15-Nasscom | Reuters.

Posted in Economics, India alert, IT, Technology | Leave a Comment »

Tags: Fiscal year, India, Infosys, International Monetary Fund, Krishnakumar Natarajan, Mindtree, Mindtree Ltd, Nasscom, National Association of Software and Services Companies, Tata Consultancy Services, United States

11/02/2014

China says gets tough on polluters, nixes projects worth $19.5 billion | Reuters

China’s environmental watchdog vetoed as many as 32 projects with a total investment of 118.4 billion yuan ($19.5 billion) last year as it stepped up efforts to get tough on industrial polluters, a senior official said on Tuesday.

Buildings are pictured amid the heavy haze at night in Beijing's central business district, January 30, 2014. REUTERS/Jason Lee

Zhai Qing, the vice-environment minister, told reporters his ministry was working to improve its environmental assessment capabilities and strengthen its powers to monitor and punish polluters.

“I think our ability to enforce and monitor is extremely important… and since last year, we have been constantly trying to strengthen our abilities,” he added.

Beijing is under intense pressure to clean up its heavily polluted air, water and soil in the face of mounting public anger, but enforcement has been identified as one its biggest challenges, with the Ministry of Environmental Protection (MEP) struggling to find the clout to take on powerful industrial interests and growth-obsessed local authorities.

Officials have acknowledged that the ministry’s punitive powers are limited. Fines are far lower than the cost of compliance and many big companies are willing to pay up and continue breaking the law.

The ministry is now hoping to extend its authority as China’s new leadership promises to abandon the crude pursuit of economic growth. A new environmental law is likely to raise the fines imposed on polluters, and sources say the ministry’s powers could be expanded further in a government shake-up expected to take place in March.

via China says gets tough on polluters, nixes projects worth $19.5 billion | Reuters.

Posted in China alert, Economics, Pollution | Leave a Comment »

Tags: Beijing, China, Environmental law, industrial polluters, Member of the European Parliament, Ministry of Environmental Protection, Ministry of Environmental Protection of the People's Republic of China, pollution

11/02/2014

BBC News – China and Taiwan in first government talks

China and Taiwan have held their first high-level talks since the end of the Chinese civil war in 1949.

Wang Yu-chi and Zhang Zhijun, the top cross-strait officials from each side, attended the four-day talks in Nanjing.

No official agenda was released for the talks, which are widely seen as a confidence-building exercise.

China regards Taiwan as part of its territory. In the past, all talks have gone via quasi-official organisations.

The fact that talks are taking place in Nanjing is a nod to history – the city, at times, served as the capital when the Nationalists were in power more than 60 years ago.

Neither side is talking of any breakthrough during this week’s talks – their differences remain stark.

Beijing considers Taiwan part of its territory, insisting that it must be reunited with the mainland – by force, if necessary.

But since the election of Taiwan’s President Ma Ying-jeou in 2008, relations between the sides have warmed considerably.

For Taiwan, there is no ignoring China – the world’s second largest economy.

And China perhaps sees these talks as a useful opportunity to forge closer ties with Taiwan while a relatively pro-Beijing president remains in power on the island.

Mr Zhang, head of mainland China’s Taiwan Affairs Office, said: “It’s impossible to imagine in the past that we could sit here and meet.”

“We must have some imagination if [we want to] resolve some difficulties, not just for such a meeting, we should also have a bigger imagination for cross-strait future development,” he added.

Mr Wang, head of Taiwan’s Mainland Affairs Council, described the meeting as “a new chapter for cross-strait relations”.

“For us to simply sit at the same table, sit down to discuss issues, is already not an easy thing.”

via BBC News – China and Taiwan in first government talks.

Posted in China alert, Economics, GeoPolitics, Good news, Politics | Leave a Comment »

Tags: Beijing, China, Ma Ying-jeou, Mainland Affairs Council, Nanjing, Taiwan, Taiwan Affairs Office, Zhang Zhijun

10/02/2014

THE WORLD’S TOP 10 MOST INNOVATIVE COMPANIES IN CHINA

From: http://www.fastcompany.com/most-innovative-companies/2014/industry/china

THERE’S A STUBBORN MEME THAT CLAIMS CHINA HAS NO CULTURE OF INNOVATION. IN ACTUALITY, IT’S SHAPING GLOBAL BUSINESS TRENDS, MOST NOTABLY IN SOCIAL MEDIA. MAMMOTH NETWORKS SUCH AS TENCENT‘S WECHAT, FOR EXAMPLE, ARE NOT SIMPLY FACEBOOK COPYCATS–THEY’VE SPARKED THE MESSAGING WARS OCCURRING ON AMERICAN SOIL AMONG APPS LIKE SNAPCHAT AND KIK, AND CONTRIBUTE BILLIONS TO THE WORLD’S RICHEST COUNTRY.

BY FAST COMPANY STAFF

1. XIAOMI

For launching low-cost, high-quality smart TVs and -phones to steal market share from industry stalwarts.

2. BEIJING GENOMICS INSTITUTE

For making DNA sequencing mass-market.

3. CHINA’S LUXURY BRANDS

For greeting its booming middle and upper classes with distinctly native offerings.

4. HAIER

For letting its 80,000 employees self-organize and oust ineffective leaders—a bold approach to innovating the fridge and microwave business.

5. TENCENT

For pummeling the Chinese social-networking competition and sending chills through Silicon Valley with a 10-terabyte storage offer.

6. GEAK

For making wearable tech closer to vogue with a ring that syncs to phones and shares contacts via fist bump.

7. PHANTOM

For clearing the air in Beijing homes with the app-controlled EcoTower. .

8. BAIDU

For moving from search to smart cameras, giving users their own Internet-enabled monitoring devices.

9. YY

For letting anyone become a star in the world’s most-crowded country.

10. COOTEK

For tapping into user demand for faster typing.

Posted in China alert, Economics, innovation, Technology | Leave a Comment »

Tags: Beijing, China, GLOBAL BUSINESS TRENDS, HAIER, Silicon Valley, Social media, TENCENT, Tencent Holdings, WeChat, Xiaomi Tech

10/02/2014

China leads int’l wildlife crime bust – China – Chinadaily.com.cn

Tonnes of illegal animal products have been seized and over 400 suspects arrested in an China-led sting against international wildlife crime, authorities said on Monday.

China leads int'l wildlife crime bust

The operation cleaned up over 350 cases, capturing more than 3 tonnes of ivory and its products, over 1,000 hides, 36 rhino horns and a large number of other wildlife products, said the China Endangered Species Import and Export Management Office.

The operation, codenamed Cobra II, was co-organized by China, the United States, South Africa, the Lusaka Agreement Task Force, the ASEAN Wildlife Enforcement Network, and the South Asia Wildlife Enforcement Network.

The global crackdown was supported by the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), the World Customs Organization, and Interpol. A total of 28 countries participated between December 30, 2013 and January 26, 2014.

China’s authorities, including forestry, customs, police, judiciary and quarantine departments, put more than 100,000 staff on the operation, and uncovered over 200 cases involving more than 250 suspects.

China sent enforcement staff to Kenya for the first time, to arrest an ivory trafficking suspect and host lectures on wildlife protection.

via China leads int’l wildlife crime bust – China – Chinadaily.com.cn.

Posted in China alert, Economics, Good news, wild life | Leave a Comment »

Tags: ASEAN Wildlife Enforcement Network, China, CITES, Cobra II, Import and Export, international wildlife crime, Kenya, Lusaka Agreement Task Force, United States, wildlife crime, wildlife products, World Customs Organization

CHINDIA ALERT: You'll be living in their world, very soon

Chindia Alert: You’ll be Living in their World Very Soon

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China’s power capacity up 94 mln kw in 2013 – Xinhua | English.news.cn

Rail budget: Mallikarjun Kharge likely to announce more trains, new lines – The Times of India

Kejriwal orders probe into gas price hike issue, names Moily, Deora – The Hindu

India to Fight U.S. Solar Protectionism Charge as Ties Fray (1) – Businessweek

Boeing to Raise India Plane Demand Forecast Amid Surge in Travel – Businessweek

UPDATE 1-India IT sector exports seen picking up pace in FY15-Nasscom | Reuters

China says gets tough on polluters, nixes projects worth $19.5 billion | Reuters

BBC News – China and Taiwan in first government talks

China leads int’l wildlife crime bust – China – Chinadaily.com.cn

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