Archive for ‘self-sufficiency’

15/05/2012

* No storage space for bumper harvest, warns food ministry

Times of India: “Food Corporation of India FCI has warned that unless the government can distribute 750 lakh tonnes of food grain, there will be no storage space for the bumper harvest being currently procured, the food ministry told Rajya Sabha on Monday.

The crisis of plenty has been engaging the government for a while as it is under pressure to distribute food grain to the poor or intervene in some manner to cool inflation and the FCI alarm provides the clearest indication of the scale of the problem.”

via No storage space for bumper harvest, warns food ministry – The Times of India.

This problem is not new and once again the inability of the Indian government to anticipate and solve a recurring problem makes it hard to believe what some economists say that India will overtake China in economic terms in the latter half of this century.

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09/05/2012

* China, Singapore to build 100 bln yuan high-tech zone

Xinhua: “The construction of a 100-billion yuan (16 billion U.S. dollars) high-tech zone was jointly launched Tuesday in southwest China’s Sichuan province by the provincial government and a Singapore company.

The Singapore-Sichuan High-tech Innovation Park, planned to cover 10.34 square kilometers and house 120,000 residents in Gaoxin district and Tianfu district in Chengdu, capital of Sichuan, is expected to attract an investment of 100 billion yuan from 2012 to 2020. Under the guidance of Sichuan government authorities, the project will be operated by the Singapore-Sichuan company Sino-Singapore Chengdu High-Tech Innovation Park Development Company Ltd., with a registered capital of 297 million U.S. dollars, jointly invested by Singapore state-owned company Temasek Holdings and Chengdu High-tech Investment Group, said Tang Hua, deputy director of the development administration of Gaoxin district. …

The park will mainly focus on eight industries including information technology, service outsourcing, digital media, biomedicine, environmental protection, precision machinery, finance and training, Tang said.The park is expected to have 120,000 to 150,000 employees as a new platform for China, Singapore and other countries to invest in western China, said Lim Swee Say, minister of Prime Ministers Office, advisor of Singapore-Sichuan Trade and Investment Committee, secretary-general of Singapore National Trade Union Congress.”

via China, Singapore to build 100 bln yuan high-tech zone – Xinhua | English.news.cn.

Yet another sign of China’s determination to reduce reliance on foreign hi-tech.

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08/05/2012

* China’s first deep-water rig to drill in South China Sea

Xinhua: “The first deep-water drilling rig developed in China will be put into service in

 the South China Sea on Wednesday, the countrys largest offshore oil producer said Monday.

The sixth-generation semi-submersible CNOOC 981 will begin operations in a sea area 320 kilometers southeast of Hong Kong at a water depth of 1,500 meters, China National Offshore Oil Corp. It will be the first independent deep-water oil drilling by a Chinese company, marking “a substantial step” made by the country’s deep-sea oil industry, CNOOC said. About 70 percent of oil and gas reserves in the resource-rich South China Sea is contained in 1.54 million square km of deep-water regions, or sea areas with depths of over 300 meters. However, most of China’s current offshore oil exploration is conducted less than 300 meters below the surface.

The South China Sea is estimated to have 23 billion to 30 billion tonnes of oil and 16 trillion cubic meters of natural gas, accounting for one-third of Chinas total oil and gas resources.”

via Chinas first deep-water rig to drill in South China Sea – Xinhua | English.news.cn.

Another instance of China continuing to reduce reliance on Western hi-tech.
 
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