10/04/2013

* Antony warns Army against threats from China, Pakistan

Times of India: “India’s deep unease over China’s growing military might and assertiveness as well as intransigence about the boundary dispute resonated at a military brass conclave on Monday, with defence minister AK Antony also underlining the threat posed by the expansive nexus forged between Beijing and Islamabad.

Português: Nova Délhi (Índia) - Desfile do Dia...

Português: Nova Délhi (Índia) – Desfile do Dia da República, na Rajpath. (Photo credit: Wikipedia)

China’s approach to India on the long-standing boundary dispute and other issues, even after the recent leadership change in Beijing, “is not likely to change” in the foreseeable future. Consequently, the Indian armed forces need to “constantly develop” their capabilities to achieve “minimum credible deterrence” against China, said Antony.

The minister, addressing the closed-door Army commanders’ conference, did point out the government was trying to resolve issues with China in a “peaceful” manner, and also cited the new bilateral boundary management mechanism as “a positive development”.

But Antony also stressed it was crucial to modernize the armed forces to counter China’s “military assertiveness”, including its massive development of military infrastructure along the 4,057-km Line of Actual Control (LAC) as well as in other neighbouring countries, like the Gilgit-Baltistan areas of Pakistan, said MoD sources.

India has belatedly taken some steps to strategically counter China but much more needs to be done at a rapid clip. While IAF is now progressively basing Sukhoi-30MKI fighters in the north-east and the Navy is bolstering force-levels on the eastern seaboard, the Army’s Rs 81,000-crore plan to raise a new mountain strike corps with associated structures is yet to take off.”

via Antony warns Army against threats from China, Pakistan – The Times of India.

10/04/2013

* China’s Dalian Wanda Makes a Play for European Movie Theaters

WSJ: “Just months after grabbing a chunk of the U.S. movie-theater market, China’s Dalian Wanda Group Corp. is moving toward becoming a global power in film exhibition, holding talks to purchase a European chain.

The talks follow Wanda’s $2.6 billion purchase last year of the second-largest U.S. chain, AMC Entertainment Holdings Inc., which has nearly 5,000 screens at 344 locations in the U.S. and Canada.

A Wanda spokesman said the conglomerate has held talks to buy a European chain but declined to provide further details.

People familiar with the situation said the conglomerate has shown interest in at least two of the Continent’s largest chains, Odeon & UCI Cinemas Holdings Ltd. and Vue Entertainment Ltd., both based in the U.K. and with thousands of screens in multiple countries. There are other European chains that Wanda could target as well.

In addition to AMC, Wanda operates 1,000 screens in China, the world’s second-largest movie market, and is aiming to expand to 2,000 by 2015, Chairman Wang Jianlin said last year.

Acquiring a big chain in Europe could make Wanda a major player in both ends of the film business; Mr. Wang has said he wants to invest in making movies in China and elsewhere. Wanda representatives have had talks with Hollywood studios about co-financing a slate of U.S. productions, people close to the discussions said.

Owning European theaters also could give the Chinese company significant leverage when negotiating the terms under which it splits box-office revenue with Hollywood studios.”

via China’s Dalian Wanda Makes a Play for European Movie Theaters – WSJ.com.

10/04/2013

Surging Wages Threaten Chinese Competitiveness

Despite the wage increase, it will be some time before China’s wages make producing medium-priced goods non-competitive. China’s policy is to drive its manufacturers up the value chain, away from cheap products.

See also: https://chindia-alert.org/2012/08/27/135-12-the-pay-gap-the-west-cant-bridge/

07/04/2013

* China deplores Korea tension, warns against regional turmoil

My belief is that the world has got it wrong.  

I believe that North Korea is trying to reprise the plot of the film “The Mouse That Roared“ which is a 1955 Cold War satirical novel by Irish-American writer Leonard Wibberley, which launched a series of satirical books about an imaginary country in Europe called the Duchy of Grand Fenwick. Wibberley went beyond the merely comic, using the premise to make still-quoted commentaries about modern politics and world situations, including the nuclear arms race, nuclear weapons in general, and the politics of the United States.  

The Plot: The tiny (three miles by five miles) European Duchy of Grand Fenwick, supposedly located in the Alps between Switzerland and France, proudly retains a pre-industrial economy, dependent almost entirely on making Pinot Grand Fenwick wine. However, an American winery makes a knockoff version, “Pinot Grand Enwick”, putting the country on the verge of bankruptcy.

The prime minister decides that their only course of action is to declare war on the United States. Expecting a quick and total defeat (since their standing army is tiny and equipped with bows and arrows), the country confidently expects to rebuild itself through the generous largesse that the United States bestows on all its vanquished enemies (as it did for Germany through the Marshall Plan at the end of World War II and for Japan through the McArthur Plan).

From http://en.wikipedia.org/wiki/The_Mouse_That_Roared. 

Nothing else makes sense.

Reuters: “China deplored tension on the Korean peninsula on Sunday and in an apparent reference to North Korea, said no country should be allowed to plunge the region into chaos after the United States postponed a missile test to ease talk of war.

North Korean soldiers take part in a shooting drill in an unknown location in this picture taken on April 6, 2013 and released by North Korea's official KCNA news agency in Pyongyang on April 7, 2013. REUTERS-KCNA

The North, led by 30-year-old Kim Jong-un, has been issuing threats of war against the United States and U.S.-backed South Korea since the United Nations imposed sanctions after its third nuclear weapon test in February.”

via China deplores Korea tension, warns against regional turmoil | Reuters.

 

06/04/2013

* Who Is Varun Gandhi?

WSJ: “Varun Gandhi has an impressive political pedigree. He belongs to the dynasty that gave India three prime ministers. All were members of the currently ruling Congress party.

His first cousin, Rahul Gandhi, 42, is the vice president of Congress, and viewed as a likely prime ministerial candidate for his party in next year’s national election.

But Varun, 33, has taken a different path. He was elected to Parliament in 2009 with the main opposition Bharatiya Janata Party, and last week was appointed as party general secretary.

Varun is the son of Sanjay Gandhi, who died in a plane crash in 1980. Until his death, Sanjay was being groomed to succeed his mother, former Prime Minister Indira Gandhi, as leader of the Congress party.

Sanjay’s younger brother, Rajiv Gandhi, Rahul’s father, took up her mantle instead, and later became prime minister.

Varun was only a few months old when his father died. His mother Maneka Gandhi soon fell out with her mother-in-law, Indira, and in 1983 formed her own political party, the Rashtriya Sanjay Manch. In 2004, she joined the Hindu right-wing BJP.

Varun has been active in politics since he was 19, working with his mother in the Pilibhit constituency in Uttar Pradesh state.

Following in his mother’s footsteps, in the 2004 elections, he campaigned for the BJP.”

via Who Is Varun Gandhi? – India Real Time – WSJ.

06/04/2013

China’s Baidu makes its own Google Glass “independently”

Chinese innovations are catching up, fast. There is also the next generation Internet in play already.

05/04/2013

* Chinese overtake Germans as biggest spending tourists

China Daily: “Chinese tourists have overtaken Germans as the world’s biggest-spending travellers after a decade of robust growth in the number of Chinese holidaying abroad, the United Nations World Tourism Organisation (UNWTO) said on Thursday.

Chinese tourists, known for travelling in organised tours and snapping up luxury fashion abroad, spent $102 billion on foreign trips last year, outstripping deep-pocketed travellers from Germany and the United States.

Chinese tourists spent 41 percent more on foreign travel in 2012 than the year before, beating the close to $84 billion both German and U.S. travellers parted with last year.

Tourists from other fast-growing economies with swelling middle classes, like Russia and Brazil, also increased spending in 2012. In recession-hit Europe, however, French and Italian tourists reined in their holiday budgets.

“The impressive growth of tourism expenditure from China and Russia reflects the entry into the tourism market of a growing middle class from these countries,” said UNWTO Secretary-General Taleb Rifai.”

via Chinese overtake Germans as biggest spending tourists |Economy |chinadaily.com.cn.

05/04/2013

* Economic development must be environmentally sustainable, says Manmohan

The Hindu: “Warning that environmental degradation could have serious consequences, Prime Minister Manmohan Singh on Friday emphasised that economic growth should be based on optimal use of natural resources and development must be environmentally sustainable.

Globally, Prime Minister Manmohan Singh said, environmental degradation is manifesting itself through the loss of fertile soils, desertification, decreasing forest cover, reduction of fresh water availability, and an extreme loss of bio-diversity. File Photo

Often, he regretted, “economic policies designed to promote growth have been implemented without considering their full environmental consequences, presumably on the assumption that these consequences would either take care of themselves or could be dealt with separately.”

Mr. Singh said this while inaugurating the International Workshop on Green National Accounting for India in New Delhi.

He said India’s commitment to planned economic development reflects the government’s determination to improve the economic conditions of people and an affirmation of the role of the government in bringing about this outcome through a variety of social, economic, and institutional initiatives.

“But as the economy develops the capacity to grow rapidly, it gives rise to many new challenges. For instance, natural resources are limited, and final.

“And one needs to decide how to use these scarce resources optimally, both from the economic development and the sustainability perspectives,” Mr. Singh said.

The Prime Minister said there is evidence to suggest that such policies may actually result in a net decrease in human well-being.

Globally, he said, environmental degradation is manifesting itself through the loss of fertile soils, desertification, decreasing forest cover, reduction of fresh water availability, and an extreme loss of bio-diversity.

“These are serious consequences, and it has become clear today that economic development must be environmentally sustainable,” he added.

Mr. Singh said through planned economic development, India aims to attain economic growth and poverty alleviation, and doing so in a sustainable manner.”

via Economic development must be environmentally sustainable, says Manmohan – The Hindu.

04/04/2013

* Rahul pitches for inclusive growth, says India largest pool of human capital

Times of India: “In a veiled criticism of BJP‘s policies, Rahul Gandhi on Thursday said politics of alienating communities affects growth and the Congress stood for inclusive growth even as he sidestepped questions on becoming Prime Minister.

Rahul Gandhi at a rally in Ernakulam, Kerala.

Rahul Gandhi at a rally in Ernakulam, Kerala. (Photo credit: Wikipedia)

India had witnessed faster economic growth under the UPA because it had greatly lowered tensions among communities and fostered harmony, the Congress vice-president said.

“When you play the politics of alienating communities, you stop the movement of people and ideas. When that happens we all suffer. Businesses suffer and the seeds of disharmony are sown and the dreams of our people are severely disrupted,” he said, adding that this damage takes a very long time to reverse.

“It is very dangerous to leave people behind. Inclusive growth is a win-win for everybody,” Rahul said addressing the Annual General Meeting of the CII here.

Likening India to a movement where a billion people were trying to break the shackles, he said there was a need to use the energy and ideas generated by this exercise to help everybody.

“There are two ways this movement can go. It can go harmoniously or it can go disruptively. The idea of the Congress party is that it should go harmoniously and everybody should move together and happily,” he said.

Anger, hatred and prejudice did not contribute to growth, he added.

Spelling out his priorities for India’s growth, Rahul Gandhi said: “The biggest danger is excluding people, excluding the poor, the middle class, the tribals, the Dalits.”

“Whenever we excluded women, the minorities, Dalits… we have always fallen back,” the 42-year-old Gandhi scion said.”

via Rahul pitches for inclusive growth, says India largest pool of human capital – The Times of India.

03/04/2013

* China, ASEAN agree to develop code of conduct in South China Sea

Maritime claims in the South China Sea

Maritime claims in the South China Sea (Photo credit: Wikipedia)

Is China becoming more pragmatic on the territorial disputes?

Xinhua: “All participants in the 19th China-ASEAN (Association of Southeast Asian Nations) Senior Officials’ Consultation have agreed to work toward a code of conduct in the South China Sea.

A Chinese Foreign Ministry press release on Tuesday said after the conclusion of the consultation it was agreed that all parties will commit themselves to fully implement the Declaration on the Conduct of Parties in the South China Sea.

They will make joint efforts toward “a code of conduct in the South China Sea” and continue to exchange views on the issue.

According to the press release, China and ASEAN also agreed to co-host celebrations on the 10th anniversary of the establishment of the China-ASEAN strategic partnership and further expand friendly communication and cooperation in all fields.”

via China, ASEAN agree to develop code of conduct in South China Sea – Xinhua | English.news.cn.

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