Chindia Alert: You’ll be Living in their World Very Soon
aims to alert you to the threats and opportunities that China and India present. China and India require serious attention; case of ‘hidden dragon and crouching tiger’.
Without this attention, governments, businesses and, indeed, individuals may find themselves at a great disadvantage sooner rather than later.
The POSTs (front webpages) are mainly 'cuttings' from reliable sources, updated continuously.
The PAGEs (see Tabs, above) attempt to make the information more meaningful by putting some structure to the information we have researched and assembled since 2006.
visited the industrial powerhouse of Zhejiang province on Sunday in a move state media described as a clear message the country was ready to get the economy back on track amid the “new normal” of dealing with the coronavirus.
The trip, to Ningbo – one of the world’s busiest ports and a trade hub for eastern China – was Xi’s first outside Beijing since he visited Wuhan, the initial epicentre of the Covid-19 outbreak, earlier in the month.
As well as a visiting the port, he spoke to workers at an industrial zone for car part manufacturers, where he learned about the latest efforts to restart production, Xinhua said in a brief report.
The visit came after two months of almost total lockdown in many parts of the country that disrupted businesses, transport and people’s daily lives, and ground the economy to a near standstill.
While local transmissions of the coronavirus in China appear to be under control, Beijing has implemented strict measures to prevent imported cases, including slashing international flights and banning most foreigners from entering the country.
In a separate report, Xinhua said Xi’s visit sent “a clear message” that China was resuming its industrial production and social activities, and described the fight against the coronavirus as the “new normal”.
Reviving the economy and battling a deadly disease were Xi’s “two tough battles”, it said.
Xi’s choice of destination was a clear message that restarting the economy is a top priority. Photo: Xinhua
Zhejiang is something of a power base for Xi, who spent nearly five years there during his climb through the ranks of the Communist Party.
One of the country’s biggest trading hubs, the province generated 3 trillion yuan (US$423.2 billion) in foreign trade last year, or more than 13 per cent of the national total, according to official figures.
“It’s a highly export-oriented economy … which has made it crucial not only to China’s development plan but also to safeguarding the stability of the global supply chain,” Xinhua said.
Observers said Xi’s visit was evidence of Beijing’s determination to get the economy back up and running as soon as possible.
Zhao Xijun, an economics professor at Renmin University, said Ningbo was a key part of the export economy and a base for many local and foreign entrepreneurs.
“It is a clear signal that China, after getting domestic infections under control, is now prioritising economic growth,” he said.
“It also shows the country will keep developing its economy and opening up its markets.”
But hopes of a quick recovery for the Chinese economy have been dashed by the spread of the coronavirus across Europe and the United States, causing a sharp decline in demand for Chinese goods.
Xi spent five years in Zhejiang while climbing the ranks of the Communist Party. Photo: Xinhua
In a meeting on Friday, the Communist Party’s Politburo said it would step up macroeconomic policy adjustments and pursue a more proactive fiscal policy while optimising measures to control the coronavirus to speed up the restoration of production, doing whatever it could to “minimise the losses caused by the epidemic”.
“China has successfully reopened much of its economy from the extremes of the coronavirus lockdown, but now faces a new problem: an impending collapse in demand for its exports as its customers go into lockdowns of their own,” Gavekal Dragnomics said in a research report.
“That shock to industry and manufacturing employment means that China will not enjoy the hoped-for V-shaped recovery in growth.”
Image copyright HAN ZHUImage caption Choosing an electric car was an easy decision for Shenzhen resident Han Zhu
Han Zhu is on a mission to go green. The 29-year-old data analyst wants her next car to be electric. But her reasons for buying an electric vehicle are in part practical.
In the southern Chinese city of Shenzhen, government restrictions on the number of petrol cars sold each year mean she would have to enter a lottery or auction to be able to buy a petrol vehicle.
“There is a possibility you may never get it. With the electric vehicle green licence, you don’t have to wait in line,” she says.
Shenzhen has become the showpiece capital for the Chinese electric dream. In 2017 it became the first city in the world to introduce a fleet of electric buses. A year later, the government rolled out a plan to replace city taxis with electric cars.
“In Shenzhen, in almost every residential building there are two charging units. One out of 10 cars on the street are Teslas,” she says. “In China if the policy leads in one direction, technology and money goes in that direction too,” she says.
Image copyright GETTY IMAGESImage caption China has the world’s biggest market for electric vehicles
In less than a decade China’s new electric vehicle market has become the largest in the world. In 2018 more than a million electric vehicles were sold in China, more than three times the number sold in the US.
Beijing invested an estimated $50bn (£43bn) in the industry, hoping that today’s dominance of the electric vehicle market would lead to global automobile supremacy tomorrow.
And thus far the policy has been working. Over the last three years the number of Chinese electric vehicle manufacturers has tripled, with more than 400 registered nationwide.
But that breakneck expansion alarmed the government. Last year it decided to put the brakes on by withdrawing approximately half of its financial incentives for buyers.
A slump in sales quickly followed, in the last quarter of 2019 sales for electric vehicles plummeted.
Now the coronavirus has supplied a second punch.
Manufacturers have been forced to halt production lines and close dealerships in a bid to stop the spread of virus.
Overall auto sales in plunged 79% in February compared with the same month in 2019, according to figures from the China Association of Automobile Manufacturers. Sales of new energy vehicles (NEVs) fell for the eighth month in a row.
“China’s auto market was already reeling from a large drop in demand in 2019. In 2020 no carmaker has been immune to the effects of the coronavirus. That includes everyone from the oldest joint ventures producing internal combustion engine SUVs to the most innovative upstarts making connected electric vehicles,” says Scott Kennedy from the Center for Strategic and International Studies.
“The vast majority [of electric car makers] will not survive. But how long they survive and whether industry consolidation occurs through lots of mergers or bankruptcies will depend on the willingness of the government.”
Image copyright NIOImage caption The NIO EP9 is one of the fastest electric cars in the world
After listing on the New York Stock Exchange in 2018 and raising billions of dollars, NIO is perhaps the highest-profile Chinese maker of electric cars.
But in the five years since it was founded it has been beset by problems and has burned through hundreds of millions of dollars. In 2019 the company cut 2,000 jobs on the back of falling revenues. In February it announced it had signed a tentative agreement with a local government that has pledged to fund the company.
“China is a huge market growing at an immense pace. We will adjust and adapt to the market condition,” said an NIO spokesperson.
And it’s not just the car makers. China has some giant makers of components, such as batteries.
In 2018 CATL, a Chinese electric battery maker, became the official supplier of BMW’s electric cars.
Last month Tesla announced it would enter into an agreement with the company to supply batteries for Tesla’s newly built Shanghai mega-plant, capable of producing 500,000 vehicles a year.
Image copyright GETTY IMAGESImage caption China’s BYD is the one of the world’s biggest makers of electric vehicles
But despite that apparent success, analysts have their doubts.
“Chinese auto and battery technology is still not world-class. CATL and BYD are strong battery makers, but they are still somewhat behind technologically from their South Korean and Japanese counterparts. And Chinese automakers are still second-class producers even in their own country and they have barely any sales outside China,” says Mr Kennedy.
For car buyers, that question of quality hangs over China’s electric car makers.
Yi Zhi Yong, a middle-aged entrepreneur, drives a hybrid car made by Chinese manufacturer BYD. Backed by US billionaire Warren Buffett, the company was the third-largest battery-only electric car producer in the world in 2019, according to research by EV-volumes.com. Tesla sold the most, followed by another Chinese firm, BAIC.
He didn’t buy a pure electric vehicle because he is not confident about the quality.
“The quality of domestic pure electric vehicles is not good at the moment,” he says. “No domestic pure electric vehicle is worth buying yet.”
But he feels the progress made by China is a source of national pride. “In the 1990s we couldn’t imagine that China could build cars that can compete with the Japanese,” he says.
Back in Shenzhen, Han Zhu says the rolling back of government subsidies won’t put her off buying an electric vehicle. But rather than buying a Chinese marque, she has her eye on a Tesla.
“I think that they are totally different. I was super excited about Tesla but not other electric cars,” she says.
Company making front-runner appeals for people to take part in trial stage, which nine potential Chinese vaccines are set to enter in April
US trialling vaccine that copies virus’ genetic code, amid international search for a drug to help limit the outbreak’s human and economic impact
CanSino is recruiting healthy volunteers for a clinical trial of its vaccine candidate. Photo: Weibo
The race to develop a Covid-19 vaccine is on, with the United States already starting a clinical trial and China close behind.
On Tuesday, vaccine producer CanSino Biologics, in Tianjin in China’s northeast, said it was looking for volunteers to take part in a six-month clinical trial of a treatment it had developed jointly with the Academy of Military Medical Sciences.
“The vaccine does not contain infectious substances, is highly safe and stable, and requires only one inoculation,” the Hubei Centre for Disease Control and Prevention (CDC) said in its request for volunteers.
Its announcement came a day after the first participant began a phase I trial for an experimental vaccine funded by the US National Institutes of Health and developed by biotech startup Moderna.
Chinese scientists identify two major types of the new coronavirus in preliminary study
It uses messenger ribonucleic acid (mRNA) technology that copies the genetic code of the virus instead of the actual virus. To date, no mRNA vaccine has been approved for humans.
China’s own mRNA vaccine candidate, jointly developed by the Chinese Centre for Disease Control and Prevention, Tongji University and Stermina in Shanghai, is undergoing animal trials and is expected to enter the clinical phrase in mid-April.
Developed by the CanSino and the Academy of Military Medical Sciences, the vaccine is the front-runner of nine that China is developing. All are in the process of completing preclinical trial studies and will enter clinical trials in April, with some expected to advance faster than others, according to Wang Junzhi, a biological products quality control expert and academician with the Chinese Academy of Sciences.
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“China’s research and development of a vaccine for the coronavirus is, generally speaking, among the most advanced in the world,” Wang said at a press briefing in Beijing on Tuesday. “[We] will not be slower than other countries.”
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Hopes have been pinned on developing a vaccine, especially for vulnerable groups such as the elderly, in the face of an epidemic with no known cure that has brought the world to a partial standstill.
Scientists around the world are conducting experiments, and the US is reported to have tried to buy a Germany vaccine developer so that it would supply to the US only – with the German government reportedly offering its own financial incentives for the biopharmaceutical company concerned, CureVac, to stay in the country.
“A vaccine is the most effective medical means for epidemic prevention and control as it can effectively stop the spread of the virus,” Lei Chaozi, director of science and technology at China’s Ministry of Education, said.
“Vaccines also play an important part in … stabilising the economy and enabling the country to return to normal as work and production resume.”
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President Xi Jinping called for faster development of coronavirus vaccines and treatment drugs when he inspected the Academy of Military Medical Sciences two weeks ago.
About 1,000 Chinese scientists have been working on the push for vaccines, with nine vaccines developed through five different approaches, including an inactivated vaccine, a viral vector-based vaccine and a gene vaccine.
Wang said that the vaccines needed to satisfy strictly the relevant regulations and technical standards – as well as World Health Organisation requirements – before starting clinical trials.
The potential vaccine developed by CanSino and military researchers, led by virologist Chen Wei, is genetically engineered. “Spikes” on the surface of the coronavirus bind to human cells and enable the virus to invade the human cells, causing the sometimes fatal infection known as Covid-19. In theory, vaccines can rehearse such an attack and trigger the human body to be primed to respond to a real infection.
CanSino has submitted the pre-investigational new drug review application for the Ad5-nCoV vaccine to Chinese regulatory authorities, and is in the process of submitting the related technical documents.
According to the Hubei CDC, volunteers for the trial must be 18 to 60 years old with no history of coronavirus infection.
(Reuters) – France and Spain joined Italy in imposing lockdowns on tens of millions of people, Australia ordered self-isolation of arriving foreigners, and Argentina and El Salvadore extended entry bans as the world sought to contain the spreading coronavirus.
Panic buying in Australia, the United States and Britain saw leaders appeal for calm over the virus that has infected over 138,000 people globally and killed more than 5,000.
Several countries imposed bans on mass gathering, shuttered sporting, cultural and religious events, while medical experts urged people to practice “social distancing” to curb the spread.
All of Pope Francis’ Easter services next month will be held without the faithful attending, the Vatican said on Sunday, in a step believed to be unprecedented in modern times.
The services, four days of major events from Holy Thursday to Easter Sunday, usually draw tens of thousands of people to sites in Rome and in the Vatican.
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Australian Prime Minister Scott Morrison said from midnight Sunday international travellers arriving in the country would need to isolate themselves for 14 days, and foreign cruise ships would be banned for 30 days, given a rise in imported cases.
“What we’ve seen in recent weeks, is more countries having issues with the virus and that means the source of some of those transmissions are coming from more and more countries,” Morrison told a news conference.
Australia’s latest restrictions mirror those announced by neighbouring New Zealand on Saturday. Australia has recorded more than 250 coronavirus cases and three deaths.
TRAVEL BANS, AIRLINE CUTBACKS
U.S. President Donald Trump declared a national emergency on Friday. The United States has recorded more than 2,000 cases and 50 deaths, but has been criticised for slow testing.
Travel bans and a plunge in global air travel saw further airline cut backs, with American Airlines Inc (AAL.O) planning to cut 75% of international flights through May 6 and ground nearly all its widebody fleet.
The dramatic announcement by the largest U.S. airline came hours after the White House said the United States would widen new travel restrictions on Europeans to include travellers in the United Kingdom and Ireland, starting Monday night.
Washington has already imposed flight restrictions on China.
China tightened checks on international travellers arriving at Beijing airport on Sunday, after the number of imported new coronavirus infections surpassed locally transmitted cases for a second day in a row.
Anyone arriving to Beijing from abroad will be transferred directly to a central quarantine facility for 14 days for observation starting March 16, a city government official said.
China, where the epidemic began in December, appears to now face a greater threat of new infections from outside its borders as it continues to slow the spread of the virus domestically.
China has reported 80,984 cases and 3,203 deaths, according to a Reuters tally, of which 66,911 have recovered in mainland China, which has imposed draconian containment policies, locking down several major cities.
LOCKDOWNS, STAY HOME
Spain put its 47 million inhabitants under partial lockdown on Saturday as part of a 15-day state of emergency to combat the epidemic in Europe’s second worst-affected country after Italy.
Spain had 193 coronavirus deaths and 6,250 cases, public broadcaster TVE said on Saturday, up from 120 deaths reported on Friday.
France will shut shops, restaurants and entertainment facilities from Sunday with its 67 million people were told to stay home after confirmed infections doubled in 72 hours.
French Prime Minister Edouard Philippe said the government had no other option after the public health authority said 91 people had died in France and almost 4,500 were now infected.
“We must absolutely limit our movements,” he said.
Britain is preparing to ban mass gatherings, while isolating people aged over 70 for up to four months is part of its action plan to tackle coronavirus which will be implemented in the coming weeks, Health Secretary Matt Hancock said on Sunday.
Argentina banned entry to non-residents who have travelled to a country highly affected by coronavirus in the last 14 days, the government officially announced late on Saturday.
The ban will last 30 days. Argentina has 45 cases of coronavirus, the health ministry said, up from 21 on March 12.
Panama said flights arriving from Europe and Asia would be temporarily suspended, with the exception of flights that transport doctors, medical equipment or other humanitarian aid.
Colombia will expel four Europeans for violating compulsory quarantine protocols, just hours after it closed its border with Venezuela, the government said on Saturday.
ANTI-TERRORISM TRACKING TO FIGHT VIRUS
Israel will use anti-terrorism tracking technology and partially shutdown its economy to minimise transmission risks, Prime Minister Benjamin Netanyahu said on Saturday.
Cyber tech monitoring would be deployed to locate people who have been in contact with those carrying the virus, subject to cabinet approval, Netanyahu told a news conference in Jerusalem.
Starting Sunday, South Korea began to subject visitors from France, Germany, Britain, Spain and the Netherlands to stricter border checks, after imposing similar rules for China, Italy and Iran which have major outbreaks.
Visitors from those countries now need to download an app which will report whether they have symptoms. South Korea has been testing hundreds of thousands of people and tracking potential carriers using cell phone and satellite technology.
BEIJING (Reuters) – China reported a sharp decrease in new deaths and cases of the coronavirus on Saturday but a doubling of infections in South Korea and 10 new cases in Iran added to unease about its rapid spread and global reach.
Mainland China had 397 new confirmed cases of coronavirus infections on Friday, down from 889 a day earlier, but only 31 cases were outside of the virus epicentre of Hubei province, the lowest number since the National Health Commission started compiling nationwide data a month ago.
But infection numbers continued to rise elsewhere, with outbreaks worsening in South Korea, Italy and Lebanon and Iran, prompting a warning from the World Health Organization that the window of opportunity to contain the international spread was closing..
South Korea saw another spike in infections, with 229 new confirmed cases, taking its tally to 433. Officials warned that could rise substantially as more than 1,000 people who attended a church at the centre of the outbreak had shown flu-like symptoms.
Iran, which had no reported cases earlier this week, saw 10 new cases, one of which had died, taking the number to 28 infections and five deaths.
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Concerns about the virus weighed on U.S. stocks on Friday, driven by an earlier spike in cases in China and data showing stalling U.S. business activity in February. [MKTS/GLOB]
It has spread to some 26 countries and territories outside mainland China, killing 13 people, according to a Reuters tally.
WHO director-general Tedros Adhanom Ghebreyesus on Twitter expressed concern on Saturday about cases with no clear link to China and called on all countries to invest urgently in preparedness. He made an appeal for $675 million to support the most vulnerable countries.
On Friday, he said now was the time to act decisively.
“We still have a chance to contain it,” he said. “If we don’t, if we squander the opportunity, then there will be a serious problem on our hands.”
An outbreak in northern Italy worsened with its first two deaths, among 17 confirmed cases including its first known instance of local transmission.
Japan confirmed 14 new coronavirus cases on Saturday, among those a teacher who had shown symptoms while working at her school.
Japan is facing growing questions about whether it is doing enough to contain its spread, and concern about whether it could scupper this year’s Tokyo Olympics. Organisers on Saturday postponed the start of training for volunteers as a precaution.
The Bank of Japan’s governor on Saturday shrugged off talk that the widening epidemic is triggering an outflow of funds from Asia.
The total number of confirmed cases in mainland China rose to 76,288, with the death toll at 2,345 as of the end of Friday. Hubei reported 106 new deaths, of which 90 were in Wuhan.
But new, albeit isolated findings about the coronavirus could complicate efforts to thwart it, including the Hubei government’s announcement on Saturday that an elderly man took 27 days to show symptoms after infection, almost twice the presumed 14-day incubation period.
That follows Chinese scientists reporting that a woman from Wuhan had travelled 400 miles (675 km) and infected five relatives without showing signs of infection, offering new evidence of asymptomatical spreading.
State television on Saturday showed the arrival in Wuhan of the “blue whale”, the first of seven river cruise ships it is bringing in to house medical workers, tens of thousands of which have been sent to Hubei to contain the virus.
Senior Chinese central bank officials sought to ease global investors’ worries about the potential damage to the world’s second-largest economy from the outbreak, saying interest rates would be guided lower and that the country’s financial system and currency were resilient.
Chen Yulu, a deputy governor of the People’s Bank of China, said policymakers had plenty of tools to support the economy, and were fully confident of winning the war against the epidemic.
“We believe that after this epidemic is over, pent-up demand for consumption and investment will be fully released, and China’s economy will rebound swiftly,” Chen told state television.
China has recently cut several key lending rates, including the benchmark lending rate on Thursday, and has urged banks to extend cheap loans to the worst-hit companies which are struggling to resume production and are running out of cash.
The transport ministry said businesses would resume operations on a larger scale later this month and said more roads, waterways and ports were returning to normal.
Online media and Weibo users posted footage and images on Saturday of some malls reopening, including in the cities of Wuxi, Hangzhou and in Gansu province, with shoppers queuing in near-empty streets outside for mandatory temperature checks as trickles of customers in masks perused luxury goods shops and makeup counters.
Some analysts believe China’s economy could contract in the first quarter from the previous three months due to the combined supply and demand shocks caused by the epidemic and strict government containment measures. On an annual basis, some warn growth could fall by as much as half from 6% in the fourth quarter.
However, transport restrictions remain in many areas and while more firms are reopening, the limited data available suggests manufacturing is still at weak levels, with disruptions starting to spillover into global supply chains.
Samsung Electronics (005930.KS) said on Saturday that one coronavirus case had been confirmed at its mobile device factory complex in Gumi, causing a shutdown of its entire facility.
Finance leaders from the Group of 20 major economies were set to discuss risks to the world economy in Saudi Arabia this weekend.
The WHO’s Tedros on Twitter said 13 priority countries in Africa had been identified for help because of their direct links to China or high travel volume. That would include 30,000 personal protective kits on the way to six countries and 60,000 more for 19 states in the weeks ahead.
MUNICH (Reuters) – Germany’s president took an indirect swipe at U.S. President Donald Trump on Friday in accusing Washington, China and Russia of stoking global mistrust and insecurity with a “great powers” competition” that could threaten a new nuclear arms race.
In opening remarks at the annual Munich Security Conference, German President Frank-Walter Steinmeier deplored the three big powers’ approach to global affairs and, without naming Trump, took issue with his vow to “make America great again”.
“‘Great again’ – even at the expense of neighbours and partners,” quipped Steinmeier, a former Social Democrat foreign minister whose comments on foreign policy carry authority.
As foreign minister in 2014, he was central to the so-called “Munich consensus” when German leaders said Berlin was ready to assume more responsibility in global affairs. Steinmeier pressed that point again on Friday, but not before bemoaning the foreign policy approaches of Russia, China and the United States.
“Russia…has made military force and the violent shifting of borders on the European continent the means of politics once again,” he said in the text of a speech for delivery at the opening of the conference.
“China…accepts international law only selectively where it does not run counter to its own interests,” Steinmeier said.
“And our closest ally, the United States of America, under the present administration itself, rejects the idea of an international community.”
The upshot is “more mistrust, more armament, less security…all the way to a new nuclear arms race,” he said.
In response, he said, Germany should raise defence spending to contribute more to European security and to maintain its alliance with the United States, recognising that U.S. interests were gravitating away from Europe toward Asia.
He also called for a European policy towards Russia “that is not limited to condemning statements and sanctions alone”.
Europe, he added, “must find its own balance with China between intensifying competition between systems and the need for cooperation.”
BEIJING/SINGAPORE (Reuters) – China reported on Wednesday its smallest number of coronavirus cases since January, lending weight to a prediction by its top medical adviser for the outbreak to end by April, but a global infectious diseases expert warned of the spread elsewhere.
Financial markets took heart from the outlook of the Chinese official, epidemiologist Zhong Nanshan, who said on Tuesday the number of new cases was falling in some provinces, and forecast the epidemic would peak this month, even as the death toll in China rose to more than 1,100 people.
World stocks, which had seen rounds of sell-offs over the virus, surged to record highs on hopes of a peak in cases. The Dow industrials, S&P 500 and Nasdaq all hit new highs, and Asian shares nudged higher on Wednesday.
But the World Health Organization (WHO) has warned that the epidemic poses a global threat akin to terrorism and one expert coordinating its response said while the outbreak may be peaking at its epicentre in China, it was likely to spread elsewhere in the world, where it had just begun.
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“It has spread to other places where it’s the beginning of the outbreak,” the official, Dale Fisher, head of the Global Outbreak Alert and Response Network coordinated by the WHO, said in an interview in Singapore.
“In Singapore, we are at the beginning of the outbreak.”
Singapore has reported 47 cases and worry about the spread is growing. Its biggest bank, DBS (DBSM.SI), evacuated 300 staff from its head office on Wednesday after a confirmed coronavirus case in the building.
Hundreds of cases have been reported in dozens of other countries and territories around the world, but only two people have died outside mainland China – one in Hong Kong and another in the Philippines.
WHO chief Tedros Adhanom Ghebreyesus said on Tuesday the world had to “wake up and consider this enemy virus as public enemy number one” and the first vaccine was 18 months away.
In China, total infections have hit 44,653, health officials said, including 2,015 new confirmed cases on Tuesday. That was the lowest daily rise in new cases since Jan. 30.
The number of deaths on the mainland rose by 97 to 1,113 by the end of Tuesday.
But doubts have been aired on social media about how reliable the figures are, after the government last week amended guidelines on the classification of cases.
‘STAY HOPEFUL’
The biggest cluster of cases outside China is aboard the Diamond Princess cruise ship quarantined off Japan’s port of Yokohama, with about 3,700 people on board. Japanese officials on Wednesday said 39 more people had tested positive for the virus, taking the total to 175.
One of the new cases was a quarantine officer.
Thailand said it was barring passengers from another cruise ship, MS Westerdam, from disembarking, the latest country to turn it away amid fears of the coronavirus, despite no confirmed infections on board.
“We try to stay hopeful,” American passenger Angela Jones told Reuters in a video recording. “But each day, that becomes a little bit more difficult, when country after country rejects us.”
Echoing the comparison with the fight against terrorism, China’s state news agency Xinhua said late on Tuesday the epidemic was a “battle that has no gunpowder smoke but must be won”.
The epidemic was a big test of China’s governance and capabilities and some officials were still “dropping the ball” in places where it was most severe, it said, adding: “This is a wake-up call.”
The government of Hubei, the central province at the outbreak’s epicentre, dismissed the provincial health commission’s Communist Party boss, state media said on Tuesday, amid mounting public anger over the crisis.
China’s censors had allowed criticism of local officials but have begun cracking down on reporting of the outbreak, issuing reprimands to tech firms that gave free rein to online speech, Chinese journalists said.
The pathogen has been named COVID-19 – CO for corona, VI for virus, D for disease and 19 for the year it emerged. It is suspected to have come from a market that illegally traded wildlife in Hubei’s capital of Wuhan in December.
The city of 11 million people remains under virtual lockdown as part of China’s unprecedented measures to seal infected regions and limit transmission routes.
Travel restrictions that have paralysed the world’s second-biggest economy have left Wuhan and other Chinese cities resembling ghost towns.
Even if the epidemic ends soon, it has taken a toll of China’s economy, with companies laying off workers and needing loans running into billions of dollars to stay afloat. Supply chains for makers of items from cars to smartphones have broken down.
ANZ Bank said China’s first-quarter growth would probably slow to 3.2% to 4.0%, down from a projection of 5.0%.
The likely slowdown in China could shave 0.1 to 0.2 percentage points off both euro zone and British growth this year, credit rating agency S&P Global estimated.
LUCKNOW (Reuters) – U.S. and European defence firms backed Indian Prime Minister Narendra Modi’s military modernisation drive at a defence exhibition on Friday, despite a lengthy procurement process running into years and limited funds.
Airbus SE (AIR.PA) and U.S.-based Lockheed Martin Corp (LMT.N) and Boeing Co. (BA.N) are eying multi-billion dollar deals under Modi’s aim to upgrade an ageing fleet of aircraft and enhance local arms manufacturing to cut imports.
“I feel encouraged overall,” Anand Stanley, President and managing director of Airbus India and South Asia, told Reuters.
“Every year the government is doing capital allocation. They are spending,” he said.
The military is also looking to buy submarines, warships and battlefield communication systems. But these have made little headway.
Airbus is offering to set up an assembly line in India in partnership with the Tata Group to produce the C295W military transport aircraft as a replacement for Indian Air Force’s Avro fleet.
The 120 billion rupee Avro replacement programme has been in the pipeline for almost a decade.
Airbus on Thursday signed a memorandum of understanding (MoU) with India’s Adani Aerospace and Defence, part of the diversified Adani Group, for aircraft services in India and South Asia.
Boeing, which has pitched its F/A-18 Block III Super Hornet fighter for the India air force and navy and is competing with Lockheed Martin’s F-21, said it plans to push India’s armed forces’ drive for modernisation through a suite of five products – the Super Hornet, KC-46 tanker, P-8I aircraft, AH-64E Apache and CH-47(I) Chinook helicopters.
The company said it wants to build a global defence and aerospace ecosystem “that creates jobs and industrial capacity with Make in India,” said Salil Gupte, president, Boeing India in a statement during the exhibition.
Boeing and Lockheed will be competing with Sweden’s Saab AB (SAABb.ST) with its Gripen fighter and France’s Dassault Aviation SA (AVMD.PA) Rafale and Russian fighter aircraft.
Lockheed Martin, as part of its fighter jet F-21 proposal for the Indian Air Force, signed an MoU with Bharat Electronics Ltd (BAJE.NS) on Friday to explore industrial opportunities around the F-21 fleet, which is essentially building up a spare and supply ecosystem.
The three aerospace giants, with huge displays at the Defence Expo 2020 held in the northern city of Lucknow, displayed miniaturised versions of the latest aircraft and helicopters that they have pitched to India.
Another French defence firm, Dassault (DAST.PA), which recently delivered its first Rafale aircraft to the government in October under a contract to supply 36 units, said it is developing its facility in central India to make the Rafale jets in the subcontinent.
World’s largest coal consumer shows little sign of ending its dependency even though it is also the biggest market for renewable energy sources
UN climate summit is meeting to discuss ways to limit future warming, but hopes are fading that China will commit to further curbs on emissions
China now accounts for around 30 per cent of the world’s carbon emissions. Photo: AP
As world leaders gather in Spain to discuss how to slow the warming of the planet, the spotlight has fallen on China – the top emitter of greenhouse gases.
China burns about half the coal used globally each year. Between 2000 and 2018, its annual carbon emissions nearly tripled, and it now accounts for about 30 per cent of the world’s total.
Yet it is also the leading market for solar panels, wind turbines and electric vehicles, and it manufactures about two-thirds of solar cells installed worldwide.
“We are witnessing many contradictions in China’s energy development,” said Kevin Tu, a Beijing-based fellow with the Centre on Global Energy Policy at Columbia University. “It’s the largest coal market and the largest clean energy market in the world.”
That apparent paradox is possible because of the sheer scale of China’s energy demands.
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But as China’s economy slows to the lowest level in a quarter century – around 6 per cent growth, according to government statistics – policymakers are doubling down on support for coal and other heavy industries, the traditional backbones of China’s energy system and economy. At the same time, the country is reducing subsidies for renewable energy.
At the annual United Nations climate summit, this year in Madrid, government representatives will put the finishing touches on implementing the 2015 Paris Agreement, which set a goal to limit future warming to 1.5 to 2 degrees Celsius above pre-industrial levels.
Nations may decide for themselves how to achieve it.
China had previously committed to shifting its energy mix to 20 per cent renewables, including nuclear and hydroelectric energy.
Climate experts generally agree that the initial targets pledged in Paris will not be enough to reach the goal, and next year nations are required to articulate more ambitious targets.
Hopes that China would offer to do much more are fading.
Recent media reports and satellite images suggest that China is building or planning to complete new coal power plants with total capacity of 148 gigawatts – nearly equal to the entire coal-power capacity of the European Union within the next few years, according to an analysis by Global Energy Monitor, a San Francisco-based non-profit.
China is the world’s leading market for wind turbines and other renewables – but is still a major source of emissions. Photo: Chinatopix via AP
Meanwhile, investment in China’s renewable energy dropped almost 40 per cent in the first half of 2019 compared with the same period last year, according to Bloomberg New Energy Finance, a research organisation. The government slashed subsidies for solar energy.
Last week in Beijing, China’s vice-minister of ecology and environment told reporters that non-fossil-fuel sources already account for 14.3 per cent of the country’s energy mix. He did not indicate that China would embrace more stringent targets soon.
“We are still faced with challenges of developing our economy, improving people’s livelihood,” Zhao Yingmin said.
As a fast-growing economy, it was always inevitable that China’s energy demands would climb steeply. The only question was whether the country could power a sufficiently large portion of its economy with renewables to curb emissions growth.
Many observers took hope from a brief dip in China’s carbon emissions between 2014 and 2016. Today the country’s renewed focus on coal comes as a disappointment.
“Now there’s a sense that rather than being a leader, China is the one that is out of step,” said Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air in Helsinki.
He notes that several developed countries – including Germany, South Korea and the United States – are rapidly reducing their reliance on coal power.
After climbing sharply for two decades, China’s emissions stalled around 2013 and then declined slightly in 2015 and 2016, according to Global Carbon Budget, which tracks emissions worldwide.
This dip came as Chinese leaders declared a “war on pollution” and suspended the construction of dozens of planned coal power plants, including some in Shanxi.
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At the same time, the government required many existing coal operators to install new equipment in chimneys to remove sulphur dioxide, nitrous oxide and other hazardous substances. About 80 per cent of coal plants now have scrubbers, said Alvin Lin, Beijing-based China climate and energy policy director for the Natural Resources Defence Council, a non-profit.
As a result, the air quality in many Chinese cities, including Beijing, improved significantly between 2013 and 2017. Residents long accustomed to wearing face masks and running home air-filter machines enjoyed a reprieve of more “blue sky days,” as low-pollution days are known in China.
In the past three years, China’s carbon emissions have begun to rise again, according to Global Carbon Budget.
The coming winter in Beijing may see a return of prolonged smog, as authorities loosen environmental controls on heavy industry – in part to compensate for other slowing sectors in the economy.
The UN Climate Change Conference is taking place in Madrid this month. Photo: AFP
Permits for new coal plants proliferated after regulatory authority was briefly devolved from Beijing to provincial governments, which see construction projects and coal operations as boosts to local economies and tax bases, said Ted Nace, executive director of Global Energy Monitor.
“It’s as though a boa constrictor swallowed a giraffe, and now we’re watching that bulge move through the system,” said Nace. In China, it takes about three years to build a coal plant.
The world has already warmed by 1 degree Celsius. All scenarios envisioned by the Intergovernmental Panel on Climate Change for holding planetary warming to around 1.5 degrees Celsius involve steep worldwide reductions in coal-power generation.
In that effort, other countries rely on Chinese manufacturing to hold down prices on solar panels. wind turbines and lithium-ion batteries.
“China has a really mixed record. On the one hand, it’s seen rapidly rising emissions over the past two decades,” said Jonas Nahm, an energy expert at Johns Hopkins University.
“On the other hand, it’s shown it’s able to innovate around manufacturing – and make new energy technologies available at scale, faster and cheaper.”
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