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.
KOLKATA (Reuters) – Indian and Chinese troops on border patrol duties had a brief skirmish in Sikkim, a northeastern Indian state bordering China, the Indian Defence Ministry said on Sunday, blaming both sides for the incident.
“Aggressive behaviour by the two sides resulted in minor injuries to troops. The two sides disengaged after dialogue and interaction at the local level,” the ministry said in a statement.
The Indian daily Hindustan Times, citing a military source, said four Indian soldiers and seven Chinese troops were injured when some of the soldiers exchanged blows during the confrontation, which it said took place on Saturday and involved some 150 soldiers.
The Defence Ministry said the incident took place in the Nakula area but did not give details of how it started, or what caused the injuries.
China’s Ministry of Defense could not be immediately reached for comment on Sunday.
India and China have often accused each other of intrusions into each other’s territories, but clashes are rare.
There is still deep mistrust between the two countries over their festering border dispute, which triggered a brief war in 1962.
Hundreds of troops from both sides were deployed in 2017 on the Doklam plateau, near the borders of India, Bhutan, and China after India objected to Chinese construction of a road in the Himalayan area, in the most serious standoff in years.
Six animals inoculated with vaccine candidate then exposed to virus did not catch Covid-19 after 28 days
Up to 60 million doses could be produced by Serum Institute of India this year
Microbiologist Elisa Granato gets an injection on Thursday as part of the first human trials in Britain for a potential coronavirus vaccine. Photo: University of Oxford via AP
A leading candidate for a Covid-19 vaccine has shown promising results in animal trials, and is expected to see mass production in India within months.
The Serum Institute of India, the world’s largest maker of vaccines by volume, said on Tuesday that it plans this year to produce up to 60 million doses of a potential vaccine developed by the University of Oxford, which is under clinical trial in Britain.
While the vaccine candidate, called “ChAdOx1 nCoV-19”, is yet to be proven to work against Covid-19, Serum decided to start manufacturing it as it had shown success in animal trials and had progressed to tests on humans, Serum Chief Executive Adar Poonawalla said.
Six rhesus macaque monkeys were inoculated with the vaccine candidate at the National Institutes of Health’s Rocky Mountain Laboratory in Montana last month, according to The New York Times.
Covid-19 vaccine trial starts in Oxford, but remdesivir treatment reportedly flops in China tests
The subjects were exposed afterwards to large quantities of the novel coronavirus, but all six remained healthy after more than 28 days, the newspaper reported, citing researcher Vincent Munster, who conducted the test.
More than 3 million people have been reported to be infected globally and over 210,000 have died from Covid-19, the respiratory disease caused by the coronavirus.
“They are a bunch of very qualified, great scientists [at Oxford] … That’s why we said we will go with this and that’s why we are confident,” Poonawalla told Reuters in a phone interview.
“Being a private limited company, not accountable to public investors or bankers, I can take a little risk and sideline some of the other commercial products and projects that I had planned in my existing facility,” Poonawalla said.
Bill Gates hopes his virus vaccine ‘manufacturing within a year’
27 Apr 2020
As many as 100 potential Covid-19 candidate vaccines are now under development by biotech and research teams around the world, and at least five of these are in preliminary testing in people in what are known as phase one clinical trials.
Poonawalla said he hoped trials of the Oxford vaccine, due to finish in about September, would be successful. Oxford scientists said last week the main focus of initial tests was to ascertain not only whether the vaccine worked but that it induced good immune responses and no unacceptable side effects.
Serum, owned by the Indian billionaire Cyrus Poonawalla, plans to make the vaccine at its two manufacturing plants in the western city of Pune, aiming to produce up to 400 million doses next year if all goes well, Poonawalla said.
“A majority of the vaccine, at least initially, would have to go to our countrymen before it goes abroad,” he said, adding that Serum would leave it to the Indian government to decide which countries would get how much of the vaccine and when.
Rhesus macaque monkeys are often used in animal testing because of their similarity to humans. Photo: AFP
Serum envisages a price of 1,000 rupees (US$14.70) per vaccine, but governments would give it to people without charge, he said.
He said Prime Minister Narendra Modi’s office was “very closely” involved in the vaccine production and the company is hoping the government will help foot the cost of making it.
Over roughly the next five months, Serum will spend some 300 million to 400 million rupees (US$4.4 million to US$5.9 million) on making around 3-5 million doses per month, he said. “[The government] are very happy to share some risk and fund something with us, but we haven’t really pencilled anything down yet,” Poonawalla said.
Coronavirus: clinical trial begins on third vaccine candidate in China
22 Apr 2020
Serum has also partnered with the US biotech firm Codagenix and Austria’s Themis on two other Covid-19 vaccine candidates and plans to announce a fourth alliance in a couple of weeks, he said.
Serum’s board last week also agreed to invest roughly 6 billion rupees (US$8.8 billion) on making a new manufacturing unit to solely produce coronavirus vaccines, Poonawalla said.
But trade with partner countries might not be as badly affected as with countries elsewhere in the world, observers say
China’s trade with belt and road countries rose by 3.2 per cent in the January-March period, but second-quarter results will depend on how well they manage to contain the pathogen, academic says
China’s investment in foreign infrastructure as part of its Belt and Road Initiative has been curtailed because of the coronavirus pandemic. Photo: Xinhua
The coronavirus pandemic is set to cause a slump in Chinese investment in its signature
and a dip in trade with partner countries that could take a year to overcome, analysts say.
But the impact of the health crisis on China’s economic relations with nations involved in the ambitious infrastructure development programme might not be as great as on those that are not.
China’s total foreign trade in the first quarter of 2020 fell by 6.4 per cent year on year, according to official figures from Beijing.
Trade with the United States, Europe and Japan all dropped in the period, by 18.3, 10.4 and 8.1 per cent, respectively, the commerce ministry said.
By comparison, China’s trade with belt and road countries increased by 3.2 per cent in the first quarter, although the growth figure was lower than the 10.8 per cent reported for the whole of 2019.
China’s trade with 56 belt and road countries – located across Africa, Asia, Europe and South America – accounts for about 30 per cent of its total annual volume, according to the commerce ministry.
Despite the first-quarter growth, Tong Jiadong, a professor of international trade at Nankai University in Tianjin, said he expected China’s trade with belt and road countries to fall by between 2 and 5 per cent this year.
His predictions are less gloomy than the 13 to 32 per cent contraction in global trade forecast for this year by the World Trade Organisation.
“A drop in [China’s total] first-quarter trade was inevitable but it slowly started to recover as it resumed production, especially with Southeast Asian, Eastern European and Arab countries,” Tong said.
“The second quarter will really depend on how the epidemic is contained in belt and road countries.”
Nick Marro, Hong Kong-based head of global trade at the Economist Intelligence Unit, said he expected China’s total overseas direct investment to fall by about 30 per cent this year, which would be bad news for the belt and road plan.
“This will derive from a combination of growing domestic stress in China, enhanced regulatory scrutiny over Chinese investment in major international markets, and weakened global economic prospects that will naturally depress investment demand,” he said.
The development of the Chinese built and operated special economic zone in the Cambodian town of Sihanoukville is reported to have slowed, while infrastructure projects in Bangladesh, including the Payra coal-fired power plant, have been put on hold.
The development of the Chinese built and operated special economic zone in the Cambodian town of Sihanoukville is reported to have slowed. Photo: AFP
Marro said the reduction of capital and labour from China might complicate other projects for key belt and road partner, like Pakistan, which is home to infrastructure projects worth tens of billions of US dollars, and funded and built in large part by China.
“Pakistan looks concerning, particularly in terms of how we’ve assessed its sovereign and currency risk,” Marro said.
“Public debt is high compared to other emerging markets, while the coronavirus will push the budget deficit to expand to 10 per cent of GDP [gross domestic product] this year.”
Last week, Pakistan asked China for a 10-year extension to the repayment period on US$30 billion worth of loans used to fund the development of infrastructure projects, according to a report by local newspaper Dawn.
China’s overseas investment has been falling steadily from its peak in 2016, mostly as a result of Beijing’s curbs on capital outflows.
Last year, the direct investment by Chinese companies and organisations other than banks in belt and road countries fell 3.8 per cent from 2018 to US$15 billion, with most of the money going to South and Southeast Asian countries, including Singapore, Vietnam, Indonesia and Pakistan.
Tong said the pandemic had made Chinese investors nervous about putting their money in countries where disease control measures were becoming increasingly stringent, but added that the pause in activity would give all parties time to regroup.
“Investment in the second quarter will decline and allow time for the questions to be answered,” he said.
“Past experience along the belt and road has taught many lessons to both China and its partners, and forced them to think calmly about their own interests. The epidemic provides both parties with a good time for this.”
Dr Frans-Paul van der Putten, a senior research fellow at Clingendael Institute in the Netherlands, said China’s post-pandemic strategy for the belt and road in Europe
might include a shift away from investing in high-profile infrastructure projects like ports and airports.
Investors might instead cooperate with transport and logistics providers rather than invest directly, he said.
“Even though in the coming years the amount of money China loans and invests abroad may be lower than in the peak years around 2015-16, I expect it to maintain the belt and road plan as its overall strategic framework for its foreign economic relations,” he said.
was back in waters close to home on Friday afternoon, according to an online platform that provides information about maritime activity.
As of 4pm, the Haiyang Dizhi 8 (Marine Geology 8), which had been operating close to Vanguard Bank – a disputed reef in the Spratly Island chain claimed by both Beijing and Hanoi – was located just off Macau, the MarineTraffic service said.
China’s foreign ministry said on Thursday that the vessel had finished the work it had started “in Chinese-controlled waters in early July”.
“According to our understanding the work is now complete,” spokeswoman Hua Chunying told a regular press briefing, without elaborating.
The Japanese oil rig, Hakuryu 5, is reported to have completed its drilling mission near Vanguard Bank earlier this week. Photo: Japan Drilling Co
While in the Vanguard Reef area, the Haiyang Dizhi 8, escorted by heavily armed coastguard vessels, made multiple passes by an oil block operated by Russian energy company Rosneft.
Observers say the presence of the Chinese vessels in the region is part of Beijing’s efforts to prevent Hanoi from partnering with international energy firms to explore energy reserves in the disputed waterway. The latest activity triggered a months-long stand-off between the two countries.
The departure of the Haiyang Dizhi 8 came amid reports that the Japanese oil rig, Hakuryu 5, owned by Tokyo-based Japan Drilling Company and employed by Rosneft, had earlier this week completed a drilling mission it started in May near Vanguard Bank.
China’s Defence Minister Wei Fenghe told a regional security conference that the South China Sea was an inalienable part of China’s territory. Photo: AP
Although China and Vietnam have said they are looking for a diplomatic solution to prevent confrontations, neither has shown any signs of backing down and tensions have continued to rise.
On Monday, China’s Defence Minister Wei Fenghe told military and defence officials attending a regional security conference in Beijing that the South China Sea was an inalienable part of China’s territory.
“We will not allow even an inch of territory that our ancestors have left to us to be taken away,” he said in his opening speech at the Xiangshan Forum.
Also on Monday, Vietnamese Prime Minister Nguyen Xuan Phuc told lawmakers at the National Assembly that Hanoi would never give any territorial concessions.
“The situation in the South China Sea has become increasingly complicated,” he said. “Our party and state have consistently stated that what belongs to our independence, sovereignty and territorial integrity, we will never give up.”
Last week, Hanoi pulled DreamWorks’ animated film Abominable from theatres over a scene featuring a map that shows Beijing’s self-declared “nine-dash line” in the South China Sea. China uses the U-shaped line to claim sovereignty over more than 80 per cent of the resource-rich waterway, parts of which are also claimed by Vietnam, Malaysia, the Philippines and Brunei.
Ian Storey, a senior fellow at the ISEAS-Yusof Ishak Institute in Singapore, said that the withdrawal of the Haiyang Dizhi might only be “temporary”.
“China has made its point about drilling activities within the nine-dash line and expects Vietnam to suspend further exploration and production activities,” he said. “[But] of course Vietnam won’t.”
China, Malaysia seek to resolve South China Sea disputes with dialogue mechanism
Zhang Mingliang, a specialist in Southeast Asian affairs at Jinan University in the south China city of Guangzhou, said that the Chinese ship’s withdrawal was unlikely to have had anything to do with the comments made by Vietnam.
“I think the main reason is that it had finished its work,” he said. “But the withdrawal could also be seen as an attempt to ease the [China’s] tensions with the US.”
The significance for relations between Beijing and Hanoi was minimal, he said, as the two nations were engaged in one of the world’s most complicated territorial disputes.
“The impact on Sino-Vietnam relations will be limited because there have been too many disputes like this one,” he said.
CHINDIA ALERT: You'll be living in their world, very soon 
Indian, Chinese border troops in brief skirmish on northeast Indian border, India says
KOLKATA (Reuters) – Indian and Chinese troops on border patrol duties had a brief skirmish in Sikkim, a northeastern Indian state bordering China, the Indian Defence Ministry said on Sunday, blaming both sides for the incident.
“Aggressive behaviour by the two sides resulted in minor injuries to troops. The two sides disengaged after dialogue and interaction at the local level,” the ministry said in a statement.
The Indian daily Hindustan Times, citing a military source, said four Indian soldiers and seven Chinese troops were injured when some of the soldiers exchanged blows during the confrontation, which it said took place on Saturday and involved some 150 soldiers.
The Defence Ministry said the incident took place in the Nakula area but did not give details of how it started, or what caused the injuries.
China’s Ministry of Defense could not be immediately reached for comment on Sunday.
India and China have often accused each other of intrusions into each other’s territories, but clashes are rare.
There is still deep mistrust between the two countries over their festering border dispute, which triggered a brief war in 1962.
Hundreds of troops from both sides were deployed in 2017 on the Doklam plateau, near the borders of India, Bhutan, and China after India objected to Chinese construction of a road in the Himalayan area, in the most serious standoff in years.
Source: Reuters
Posted in 1962, 2017, accused, aggressive, behaviour, Bhutan, blaming, border, bordering, both, brief, China, China’s, Chinese, citing, clashes, comment, confrontations, Construction, countries, daily, deep, defence ministry, deployed, details, dialogue, disengaged, dispute, duties, festering, four, Himalayan, Hindustan Times, hundreds, immediately, incident, India, Indian, Indian soldiers, injured, injuries, interaction, intrusions, involved, Kolkata, level, local, Military, ministry, Ministry of Defense, minor, mistrust, Nakula, Northeast, Northeastern, patrol, rare, reached, resulted, roads, Saturday, serious, seven, sides, Sikkim, skirmish, source, standoff, state, statement, Sunday, territories, triggered, troops, two, Uncategorized, war, years | Leave a Comment »