Archive for ‘Good news’

26/11/2012

* GSK Invests in India, Nigeria

WSJ: “GlaxoSmithKline  said Monday it plans to increase its stakes in its Indian and Nigerian units at a cost of more than $1 billion as the pharmaceuticals company targets consumers in fast-growing markets.

GSK, the U.K.’s largest drug maker by sales, plans to buy an additional 31.8% stake in GSK Consumer Healthcare Ltd. for approximately $940 million, taking its ownership in the Indian unit to a maximum 75% allowed under Indian ownership rules. The deal is in part a bet on Horlicks, a malted milk bedtime drink regarded as old-fashioned in the U.K. which is seeing rising sales in the former British colony.

Like many drug companies, GlaxoSmithKline is expanding its consumer health-care business as many of its best-selling prescription drugs lose protection from cheaper copies while also expanding into faster growing markets as its main U.S. and western European businesses face slowing sales. European sales fell 9% in the third quarter of 2012, largely due to price pressure from European governments.

At the same time, some consumer-goods companies are expanding into health-care products, a market buoyed by an aging population which continues to spend on vitamins and minerals to improve well-being. Reckitt Benckiser Group  last week signed a $1.4 billion deal to acquire U.S. vitamin maker Schiff Nutrition International Inc.,  outbidding German pharmaceutical company Bayer .”

via GSK Invests in India, Nigeria – WSJ.com.

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.

17/11/2012

* Muslims help in construction of Hindu temple in Bihar

It is gratifying to learn that Hindu-Muslim relationships are not always about antipathy and violence.

Times of India: “While violence over the expansion of a Hindu temple near Charminar in Muslim-dominated Hyderabad’s Old City is hogging media attention, in Bihar’s Sitamarhi district, Muslims have been quietly helping Hindus construct a temple dedicated to Lord Shiva, ahead of the Chhath festival.

Muslims help in construction of Hindu temple in Bihar

“Muslims are not only donating money for temple construction, they are also actively involved in ensuring that it should come up soon,” Rajkishore Raut, president of the Shiva Temple Construction Committee, told IANS.

Raut, a school teacher, said the construction of the temple was a fine example of Hindu-Muslim brotherhood.

Mohammad Sadre Alam Khan, a villager, said that dozens of Muslims, including village head Akbari Khatoon, have contributed in one way or another for the construction of the temple.

“This is a positive development for the village as a whole,” Khan said.

Another villager, Lalbabu Sah, said that villagers of both the communities were working jointly for the construction of the temple.

“The construction of the temple will strengthen harmony between the two communities and pave the way for greater cooperation in future,” Sah told IANS.

Sitamarhi town, which had a history of communal conflict, witnessed rioting in the mid-1990s. Muslims comprise around 16 percent of the 105 million people of Bihar.

Just months ago, Muslims observing Ramadan helped in the construction of a Jain temple in Bhagalpur town in the state.

Mohammad Janeshar Akhtar even demolished a portion of his house in Bhagalpur to enable the movement of a 70-foot truck laden with a granite stone block meant for an idol in the temple.

Other Muslims had helped widen the street so that the vehicle could reach the temple without difficulty.

Earlier this year, some Muslims had helped in building a Hindu temple dedicated to goddess Durga in Bihar’s Gaya district.

Muslims there not only donated money but engaged in the actual construction of the temple.

Earlier, a Muslim had donated land for a temple dedicated to god Shiva in Begusarai district. Mohammad Fakhrool Islam had given his land for the temple in the Muslim-dominated Bachwara village.

via Muslims help in construction of Hindu temple in Bihar – The Times of India.

See also: https://chindia-alert.org/political-factors/indian-tensions/

12/11/2012

* Buried in a bleak text, hope for a Chinese political experiment

Thanks to Reuters for discovering this ‘gem’.

Reuters: “Chinese Communist Party leader Hu Jintao‘s opening speech at the ongoing 18th Party Congress was a disappointment to many listeners, offering no major signals that the leadership is willing to advance political reform.

People walk in front of a large screen displaying propaganda slogans on Beijing's Tiananmen Square November 12, 2012. REUTERS/David Gray

The 64-page keynote speech he delivered was couched in the usual conservative and Marxist terminology, but one paragraph buried deep in the text was just what proponents of a long-running experiment in public policy consultations have been waiting for.

The section in question urged the ruling party to “improve the system of socialist consultative democracy”.

Academics and officials say the mention of “consultative democracy” is the first ever in such an important document, and it is seen by some as a strong endorsement of the long-standing experiment with this form of democracy, in Wenling, a city of 1.2 million in Zhejiang province, south of Shanghai.

The city has formalized public consultation on public projects and government spending at the township level, although there is no voting and decisions remain the preserve of the state machinery.

Xi Jinping, almost certain to be named the next party general secretary on Thursday, was party boss in Zhejiang in 2002-2007, as the Wenling project deepened.

The congress report is the most important political speech in China. Delivered once every five years by the party’s general secretary, it sets down political markers and charts a development course for the coming five to 10 years.

“Of course this is a good thing,” said Chen Yimin, a Wenling propaganda official who has been a driving force behind the system of open hearings, where citizens can weigh in on things like proposed industrial projects and administrative budgets – providing at least a bit of check on their local officials.

“This shows that the democratic consultations… that we have been doing for 13 years since 1999, have finally gained recognition and approval from the centre. It opens up space for further development. It says our democratic consultations are correct,” he said by phone from Zhejiang.

Chen Tiexiong, a delegate to the congress and party boss of Taizhou, the city that oversees Wenling, which itself has rolled out Wenling-style consultations in recent years, agreed.

“I looked at that part of the speech closely because in terms of promoting democratic politics Taizhou has done a lot, and it has been in the form of consultative democracy,” he told Reuters on the sidelines of the congress.”

via Buried in a bleak text, hope for a Chinese political experiment | Reuters.

10/11/2012

* China’s ‘most polluted city’ breathes cleaner air

As Western organisations know, “what you don’t measure you cannot manage” and “incentives matter”. So China’s local authorities are beginning to realise, as evidenced at Linfen. Assuming this notion is being espoused across China, then it is very good news indeed for the environment.

China Daily: “Fan Lifen clearly recalls the days when her hometown was shrouded in darkness, with the sun barely visible through a thick curtain of smog.

“The situation would worsen in the winter, when households would burn coal for heating,” recalls Fan, a native of the city of Linfen in North China’s Shanxi province.

Rapid industrialization and urbanization in the past two decades have saddled cities like Linfen with heavy environmental burdens, damaging the health of local residents and fueling complaints.

However, Linfen is making efforts to turn its situation around.

“The air in Linfen has improved tremendously,” said Liu Dashan, spokesman for the Shanxi Provincial Environmental Protection Bureau.

The dramatic turnaround started when Linfen was listed as the “most polluted” among 113 major Chinese cities for three consecutive years from 2003 to 2005.

The local government has since launched a cleanup campaign, closing 1,056 factories and imposing stricter environmental standards on those that are still operating, according to Mayor Yue Puyu.

Substandard mines have been shut down and smaller ones have been merged into competitive mining conglomerates, Yue said.

Residents have been weaned off of coal burning, with natural gas heating introduced to more than 85 percent of the city’s households, said Yang Zhaofen, director of the city’s environmental protection bureau.

The changes were made possible by changing the way the performance of local officials is evaluated, with promotions and other rewards linked to their efforts to improve the city’s environment.

Officials have not only closed down heavily polluting factories, but also taken action to add “green” features to the city. A large park was opened on the banks of the Fenhe River last year, helping to absorb pollutants and purify the air.

Over the years, China’s economic growth has been fueled by over exploitation of natural resources, resulting in environment degradation. A worsening environment has prompted the government to exert greater efforts on environmental protection, replacing the practice of achieving growth at all costs.

President Hu Jintao said in a speech delivered to the 18th Communist Party of China (CPC) National Congress on Thursday that China should “give high priority to making ecological progress” and “work hard to build a beautiful country and achieve lasting and sustainable development.”

Linfen is a part of Shanxi’s efforts to repair its environment. The province, which provides over 70 percent of China’s coal, is slowly turning toward sustainable development.

More than 3,000 mines have been shut down since reforms were initiated in 2008, according to Wang Hongying, chief of the institute of macroeconomics under the provincial development and reform commission.

In addition to consolidating coal mines, the province has also made changes to the coal tax and fostered substitute industries, Wang said.

“We have set an example for other provinces. Although difficulties may emerge in the future, reforms will continue and we have high hopes for them,” Wang said.”

via China’s ‘most polluted city’ breathes cleaner air |Society |chinadaily.com.cn.

See also: http://chindia-alert.org/economic-factors/greening-of-china/

07/11/2012

* India and Canada finalise conditions of nuclear deal

BBC: “India and Canada have finalised the terms for their nuclear deal, paving the way for Canadian firms to export uranium to India.

Electricity cable in India

Once implemented, the deal is likely to provide a boost to India’s plans to increase its nuclear capacity to meet growing energy demands.

The deal was agreed in 2010, but there had been differences over supervision of the use of uranium in India.

Canada has banned the trade of nuclear materials with India since 1976.

“Canada with its large and high quality reserves of uranium could become an important supplier to the Indian nuclear power programme,” India’s Prime Minister Manmohan Singh and his Canadian counterpart Stephen Harper said in a joint statement.

‘Important economic opportunity’

India’s economy has seen rapid expansion in recent years resulting in a surge in demand for energy in the country.

In a bid to meet its growing energy needs, India has been looking to increase its dependence on nuclear energy.

It is planning to set up some 30 reactors over as many years and get a quarter of its electricity from nuclear energy by 2050.

As a result it has been looking to secure supplies of uranium to achieve that target.

Canada’s Prime Minister Stephen Harper said that being able to be a part of India’s nuclear power plans was “a really important economic opportunity for an important Canadian industry… that should pay dividends in terms of jobs and growth for Canadians down the road”.

Earlier this month, India agreed to begin negotiations on a civil nuclear co-operation agreement with Australia, which holds an estimated 40% of the world’s uranium.

Last year, it agreed a deal that will allow South Korea to export its nuclear energy technology to India.”

via BBC News – India and Canada finalise conditions of nuclear deal.

See also: 

06/11/2012

* China leaders consider internal democratic reform

Even if it seems to be somewhat internal, such a move would be the first step towards openness and transparency.  And who knows where that might lead.

Reuters: “China’s outgoing leader and his likely successor are pushing the ruling Communist Party to adopt a more democratic process this month for choosing a new leadership, sources said, in an attempt to boost its flagging legitimacy in the eyes of the public.

A man walks past a logo of the Communist Party of China (CPC) at a media center for the upcoming18th National Congress of the CPC, which starts Thursday, in Beijing November 5, 2012. REUTERS-Jason Lee

The extent of the reform would be unprecedented in communist China where elections for the highest tiers of the party, held every five years, have been mainly exercises in rubber-stamping candidates already agreed upon by party power-brokers.

The Communist Party, which has held unbroken power since 1949, is struggling to maintain its popular legitimacy in the face of rising inequality, corruption and environmental degradation, even as the economy continues to bound ahead.

President Hu Jintao and his heir, Xi Jinping, have proposed that the party’s 18th Congress, which opens on Thursday, should hold elections for the elite Politburo where for the first time there would be more candidates than available seats, said three sources with ties to the party leadership.

The Politburo, currently 24 members, is the second-highest level of power in China from which the highest decision-making body, the Politburo Standing Committee, is chosen.

They are chosen by the roughly 200 full members of the Central Committee which is in turn chosen by the more than 2,000 delegates at this week’s Congress.

Under their proposal, there would be up to 20 percent more candidates than seats in the new Politburo in an election to be held next week, the sources said. It was unclear if competitive voting would also be extended to the Standing Committee.

“Hu wants expanding intra-party democracy to be one of his legacies,” one source said, requesting anonymity to avoid repercussions for discussing secretive elite politics.

“It would also be good for Xi’s image,” the source added.

Xi is considered certain to replace Hu as party chief at the congress, with Li Keqiang, currently a vice premier, tipped to become his deputy in the once-in-a-decade transition to a new administration. Xi would then take over as president, and Li as premier, at the annual full session of parliament in March.

China experts said a more competitive election for the Politburo would mark a historic reform that could lead to surprises in the formation of Xi’s administration, with wider implications for further political reform.

“This is a very, very important development,” said Cheng Li, a senior fellow at the Brookings Institution in Washington.

“It would provide a new source of legitimacy. It would not just be dark-box manipulation … The party’s legitimacy is so low that they must do something to uplift the public’s confidence.”

However, Li and other experts remained skeptical that the proposal would be adopted, given that it could still be vetoed by party elders or conservatives.

via Exclusive: China leaders consider internal democratic reform | Reuters.

28/10/2012

* Top China official urges residency permit reform

Given that Chinese manufacturing is almost entirely dependent on migrant labour, it is about time the government recognised the rights of this segment of the population.

Reuters: “China’s top security official called on Friday for the government to relax the controversial residency permit, or hukou, system to ensure the army of migrant workers can enjoy better services like health care and housing.

Migrant labourers work at a demolished residential site in Shanghai October 18, 2012. REUTER/Aly Song

The 230 million-strong migrant workforce drives China’s economy, but a lack of access to education, health and other services tied to the country’s strict household registration system forces massive saving, restraining Beijing’s efforts to shift the focus of growth to consumption from investment.

It also causes social tensions, something the stability-obsessed ruling Communist Party is desperate to avoid.

In comments to a work meeting cited by the official Xinhua news agency, security tsar Zhou Yongkang said China should establish as soon as possible a new “national residence permit system” to improve services for migrant workers.

The system would cover help with employment, health care, housing, social security and education for migrant workers’ children, said Zhou, a member of the party’s decision making inner circle, the Standing Committee.”

via Top China official urges residency permit reform | Reuters.

23/10/2012

* China’s Communist Party journal suggests it could learn from Singapore’s PAP

If this article has the blessing of the top hierarchy, that is good news indeed. Singapore’s PAP has held an overwhelming majority since 1963 in a fully democratic process that allows multiple parties to contest. In other words, the PAP leadership is elected through its deeds and not by edict. Perhaps China’s CCP is thinking of following suite.

21/10/2012

* Construction of new economic zone starts in mid-west China

It has been some years since China established a new economic zone. This one could be due to three main reasons: 1. as stated – to develop and modernise a region that is heavily Muslim populated to forge links with Arab and other neighbouring Muslim countries to the west of China; 2. to continue the drive to reduce reliance on the coastal east; 3. to stimulate the economy in the longer term.

Xinhua News: “The construction of a new economic pilot zone, the first of its kind in China’s inland areas, has started in the country’s north western Ningxia Hui Autonomous Region.

At the inaugural meeting held on Friday, the construction of a comprehensive bonded area in the regional capital of Yinchuan was also announced.

The pilot zone and the four-square-km bonded area in the zone aim to deepen the opening up of China’s western inland areas to countries located directly west of China, especially in order to boost trade, investment and friendly exchanges between China and the Arab world, said Wang Zhengwei, chairman of the regional government.

According to the establishment program approved by the State Council in September, projects in the zone will enjoy 66 preferential policies in investment, tax, finance and land use after its establishment.

The League of Arab States has become China’s seventh-largest trade partner. Trade between China and the member countries surged 34.7 percent to 195.9 billion U.S. dollars last year.

Ningxia is the only provincial-level autonomous region for the Hui people, the largest Muslim ethnic group in China. About 30 percent of the region’s population is Hui.

As many people in the area share religious beliefs and customs with Muslims living in Arab countries, the region is a perfect platform for boosting cooperation with those countries, according to Wang.”

via Construction of new economic zone starts in W China – Xinhua | English.news.cn.

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