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

20/11/2012

* China, India to hold strategic economic dialogue this month

Xinhua: “China and India will hold the second round of strategic economic talks in New Delhi on Nov. 26, a Chinese Foreign Ministry spokesperson confirmed Tuesday.

Zhang Ping, head of China’s National Development and Reform Commission, and Indian Planning Commission Deputy Chairman Montek Singh Ahluwalia will co-chair the dialogue.

At a daily press briefing, Chinese Foreign Ministry spokesperson Hua Chunying briefed reporters on the talks.

Hua said the dialogue constituted an important part of the “Year of China-India Friendship and Cooperation” activities.

The two sides will exchange views to seek broader economic cooperation and promote coordination on macroeconomic policy. They will also strenghten cooperation in areas such as investment, infrastructure, high-technology, energy-saving and energy resources.

China and India held the first round of the strategic economic dialogue in Sept. 2011.

When responding to a question on border issues, Hua said specific information of the new round of meetings between special representatives on China-India border issues will be released at an appropriate time.

China and India experienced a border conflict in 1962.

The two countries launched the mechanism of meetings between special representatives on border issues in 2003. The previous round of meetings on border issues was held in India in January.”

via China, India to hold strategic economic dialogue this month – Xinhua | English.news.cn.

India, China renew push to bridge deficit ahead of trade talks (thehindu.com)
India reaches out to new leadership (sfluxe.com)
Indo-China bilateral trade deficit (abhimanyu007dotcom.wordpress.com)

Posted in China alert, Chindia Alert, Economics, GeoPolitics, Good news, India alert, Politics, Territorial dispute, Trade | 2 Comments »

Tags: China, India, New Delhi, Strategic Economic Dialogue

14/10/2012

* China’s trade climbs in Sept amid bottoming-out

“One swallow does not a summer make” But it sure is reassuring after all the bad news in recent months. There are also signs in the US that the 2008 recession is finally bottoming out. Let’s hope it’s for real. And even more importantly, let’s hope both nations and individuals don’t get carried away with getting into deep depth, again.

China Daily: “China’s exports significantly expanded in September while imports resumed growth after a decline in August, suggesting a recovery in overseas markets and a moderate improvement of domestic demand amid a bottoming-out in the world’s second largest economy.

Economists and analysts are still cautious about China’s foreign trade outlook owing to the medium and long-term pressure from the festering EU debt crisis and worrisome fiscal outlook in the US despite improvement in overseas demand.

China’s exports increased by 9.9 percent in September from a year earlier, a record monthly high and much higher than the 2.7-percent growth in August. Imports, meanwhile, stepped out of the 2.6-percent fall in August, registering a gain of 2.4 percent in September, according to data from the General Administration of Customs on Saturday.

Total foreign trade in September grew by 6.3 percent year-on-year while the trade surplus widened to $27.67 billion from $26.7 billion in August.

Foreign trade from January to September went up by 6.2 percent from a year earlier with exports rising 7.4 percent and imports gaining 4.8 percent, yielding a trade surplus of $148.31 billion.

“The full year is likely to see a trade surplus of over $200 billion,” said Wang Jun, a senior economist with China Center for International Economic Exchanges.

“Trade figures of September are relatively satisfactory. China’s exports in the coming two or three months will keep up the momentum as the manufacturing index [also known as the purchasing managers index, or PMI] improves in the US and EU, in addition to Christmas demand and the central government’s measures to boost China’s foreign trade,” Wang said.

The State Council introduced a raft of measures in September to stabilize trade growth, including speeding up export tax rebates, reducing administrative costs for companies, lowering financing costs for small and micro-sized enterprises and increasing credit to exporters.”

via China’s trade climbs in Sept amid bottoming-out |Economy |chinadaily.com.cn.

Posted in China alert, economic inter-dependence, Economics, exports, Good news, Import, Manufacturing, Trade | Leave a Comment »

Tags: China, European Union, export, General Administration of Customs, International trade, United States

17/09/2012

* United States to File W.T.O. Case Against China Over Cars

NY Times: “The Obama administration plans to file a broad trade case at the World Trade Organization in Geneva on Monday accusing China of unfairly subsidizing its exports of autos and auto parts, a senior administration official said late Sunday, in a move with clear political implications for the presidential elections less than two months away.

The W.T.O. case accuses China of providing at least $1 billion worth of subsidies from 2009 to 2011 for exports of autos and auto parts. While China exports virtually no fully assembled cars to the United States, it has rapidly expanded exports to developing countries, and those exports compete to some extent with cars exported or designed in the United States.

President Obama plans to announce the move on Monday during a visit to Ohio, one of the most important of the battleground states and a place where the president is trying to capitalize on his bailout of the auto industry. A poll by NBC News, The Wall Street Journal and Marist College last week showed Mr. Obama building a significant lead in Ohio.”

via United States to File W.T.O. Case Against China Over Cars – NYTimes.com.

Posted in China alert, Economics, exports, Trade | 1 Comment »

Tags: China, china exports, transportation, United States, World Trade Organization

27/08/2012

* China keen to boost mutual investments with India

The Hindu: “Calls to reshape ‘increasingly unsustainable’ trade model amid growing imbalance

China has called for a move to boost mutual investments with India as a measure to strengthen trade ties and reshape what officials have acknowledged is an increasingly unbalanced and strained business relationship, as trade talks between both countries begin in New Delhi on Monday.

The Chinese Commerce Ministry told The Hindu in a written interview ahead of the visit of Commerce Minister Chen Deming, who will lead the Chinese delegation in Monday’s talks, that the relatively strong foreign exchange reserves of both countries and an increasing desire of businesses to go overseas should drive the future of trade ties.

“There is great space for China and India to cooperate in mutual investment,” the Commerce Ministry said.

Both countries will hold the ninth round of the Joint Economic Group (JEG) dialogue in New Delhi on Monday. India’s trade deficit and Chinese concerns about the investment environment in India, particularly in the power and telecom sectors, is expected to be at the focus of the talks.

In an apparent attempt to ease concerns about strains in the trade relationship, Chinese officials have suggested a new approach. Boosting mutual investments would be one way of shifting the relationship from the current model. Trade over the past decade, which has grown from a few billion dollars to US$ 74 billion last year when China became India’s biggest trade partner, has largely been driven by Chinese appetite for Indian ores and Indian need for Chinese machinery.”

via The Hindu : News / National : China keen to boost mutual investments with India.

Posted in China alert, Chindia Alert, Economics, GeoPolitics, India alert, Trade | Leave a Comment »

Tags: China, India, Investment, New Delhi, politics

03/08/2012

* China-Made Electronics Pour Into India

WSJ: “India is more concerned than ever about its yawning trade gap with China, as The Wall Street Journal detailed in a front-page story today.

But it isn’t just the volume of trade that’s at issue. It’s the mix.

While India exports mostly raw materials to its neighbor, China is selling more sophisticated manufactured goods – translating into better profit margins and higher paying jobs for workers. That disparity underscores India’s lack of manufacturing capabilities – and, for some national security hawks, it’s raising questions about whether India is too reliant on its rival for vital technologies.

One clear example of the trend is electronics. Overall electronics-related exports from China to India jumped from $2.8 billion to nearly $12 billion in the five years ending March 31, 2011. Computer hardware from laptops to accessories like USB dongles accounted for $1.5 billion in China’s exports.”

via China-Made Electronics Pour Into India – China Real Time Report – WSJ.

India beats China in export growth rate: WTO (news.in.msn.com)
China has never done anything adversarial to India: Ratan Tata (ndtv.com)
“Dhaul said the reason India had not kept pace with China was not a lack of political will but the…” (timoni.org)

Posted in China alert, Chindia Alert, Economics, exports, free trade, India alert, Technology, Trade | Leave a Comment »

Tags: Business & Economy, China, India, trade gap

31/05/2012

* Myanmar can be link between India, China: Indian PM

Times of India: “Looking to quell speculation about India and China taking their rivalry to gas-rich Myanmar, PM Manmohan Singh said the country was perfectly placed to play the role of an economic bridge between China and India. While Indian officials have often described Myanmar as India’s gateway to Aseancountries, this is the first time Myanmar has been spoken about by the government as a link between India and China.

English: Manmohan Singh, current prime minister of India. (Photo credit: Wikipedia)

While China alone accounts for more than 70% of investments into Myanmar, India stands at the 13th position in terms of its investments into the country. Despite its attempts to play a larger economic role there, India continues to be looked upon as a Johnny-come-lately whose infrastructure projects, including the ambitious Kaladan multimodal transport facility, have hardly taken off. On the other hand, Beijing is even building a gas pipeline from Myanmar to China.”

via Myanmar can be link between India, China: PM – The Times of India.

Posted in China alert, Chindia Alert, Economics, GeoPolitics, India alert, Infrastructure, Trade | Leave a Comment »

Tags: ASEAN, Burma, China, economic bridge, India, manmohan singh, Myanmar, prime minister of india

29/05/2012

* Japan, China to begin direct currency trading on June 1

Xinhua: “Japan and China will begin direct yen- yuan trading on June 1, Japanese Finance Minister Jun Azumi said Tuesday, abandoning the existing system that determines yen-yuan rates via their U.S.dollar values.

Image used to convey the idea of currency conversion (Photo credit: Wikipedia)

The move is broadly seen as a way to boost trade and investment between the world’s second- and third- largest economies, and as part of measures China took to internationalize its currency.”

via Japan, China to begin direct currency trading on June 1 – Xinhua | English.news.cn.

The writing is on the wall for the US as the world’s only currency acting as a reserve and exchange currency. This is another sign that the supremacy of the US as the world leader is also beginning to wane. But Americans can relax – for now. It took the Roman Empire over 500 years to decline and the British Empire over 100 years.

Waning of US Dollar
Japan to buy $10b Chinese govt bond (chindia-alert.org)

Posted in China alert, Economics, GeoPolitics, Trade | Leave a Comment »

Tags: China, currency conversion, exchange currency, Exchange rate, Japan, Roman Empire, United States dollar

29/05/2012

* India PM Manmohan Singh in historic Burma visit

BBC News: “Manmohan Singh has held talks with Burmese President Thein Sein as he makes the first official visit to Burma by an Indian prime minister since 1987. The two sides signed 12 agreements to strengthen trade and diplomatic ties. During his three-day trip, Mr Singh will meet opposition leader Aung San Suu Kyi, whose mother once served as Burma’s ambassador to India.

The two nations share a 1,600km (1,000 mile) border, but relations have often been uneasy. On Monday, they signed agreements on border area development, air services, cultural exchanges, a $500m credit line between India’s Export-Import Bank and Myanmar [Burma] Foreign Trade bank, and establishment of a joint trade and investment forum, the BBC’s Sanjoy Majumder reports from the Burmese capital, Nay Pyi Taw.

Delhi cold-shouldered Burma’s military rulers during the 1990s, infuriating the generals by openly supporting Ms Suu Kyi. But Mr Singh, who arrived in the Burmese capital on Sunday, has overseen a dramatic turnaround in Delhi’s policy, and hosted former ruler Than Shwe on a state visit in 2010. Earlier, on his arrival in Burma, Mr Singh said: “I am coming here after 25 years when the last prime minister of India visited here. We have centuries-old ties of religion, culture and civilisation with the people of Myanmar. He had earlier said he wanted “stronger trade and investment links, development of border areas, improving connectivity between our two countries and building capacity and human resources”.”

via BBC News – India PM Manmohan Singh in historic Burma visit.

Posted in Diplomacy, GeoPolitics, Good news, India alert, Politics, Trade | 2 Comments »

Tags: Aung San Suu Kyi, Burma, India, manmohan singh, Myanmar, politics, Than Shwe, Thein Sein

01/05/2012

* Sign nuclear non-proliferation treaty, Japan tells India

The Hindu: “Japan on Monday asked India to sign the Nuclear Non-Proliferation Treaty NPT even as the two sides decided to reopen talks on a bilateral civil nuclear agreement.

During the sixth Foreign Minister-level strategic dialogue here, the two sides agreed to prepare a master plan for the industrial development of south India, especially areas around Chennai and Bangalore, and accelerate talks on export of rare earths to Japan.

Another decision was to extend their dialogue to a code of conduct in outer space, cyber security and maritime issues, including security and freedom of navigation in the South China Sea. The talks also covered Japanese investment in high speed trains, the Delhi-Mumbai Industrial Corridor and the Dedicated Freight Corridor. While agreeing to step up interaction between the Coast Guards, India and Japan decided to hold their first-ever maritime exercises towards the middle of the year.”

via The Hindu : News / National : Sign nuclear non-proliferation treaty, Japan tells India.

Can we have a nuclear free world? (egrejeen.wordpress.com)

Posted in Diplomacy, GeoPolitics, Good news, India alert, Technology, Trade | Leave a Comment »

Tags: Bangalore, Chennai, Coast guard, India, Japan, Nuclear Non-Proliferation Treaty

28/04/2012

* China, Russia sign 27 contacts worth 15 billion USD

Xinhua: “China and Russia have signed 27 trade contracts worth 15 billion U.S. dollars, Chinese Vice Premier Li Keqiang said here on Saturday.

Li attended the signing ceremony of the contracts before a meeting on China-Russia trade and investment. Addressing the meeting, Li proposed that both China and Russia endeavor together to further promote their trade and economic cooperation. The two countries could expand their cooperation in various fields, including finance, direct investment, energy, mechanical and electronic products, he said. Russian First Deputy Prime Minister Igor Shuvalov also attended the meeting.

China is the top trade partner of Russia. Bilateral trade volume reached 79.25 billion U.S. dollars in 2011, up 42.7 percent year-on-year.”

via China, Russia sign 27 contacts worth 15 billion USD – Xinhua | English.news.cn.

* China’s vice-premier starts landmark European mission (chindia-alert.org)
China’s Q1 foreign trade with other BRICS nations surges (chindia-alert.org)
China, Russia end joint naval drills (laaska.wordpress.com)

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

Tags: China, China-Russia, Li Keqiang, Russia

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, India to hold strategic economic dialogue this month

* China’s trade climbs in Sept amid bottoming-out

* United States to File W.T.O. Case Against China Over Cars

* China keen to boost mutual investments with India

* China-Made Electronics Pour Into India

* Myanmar can be link between India, China: Indian PM

* Japan, China to begin direct currency trading on June 1

* India PM Manmohan Singh in historic Burma visit

* Sign nuclear non-proliferation treaty, Japan tells India

* China, Russia sign 27 contacts worth 15 billion USD

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