Posts tagged ‘Dubai’

20/02/2015

Don’t Wear Pig T-Shirts in Dubai: Xinhua’s Official Online Guide for Chinese Tourists – China Real Time Report – WSJ

China’s numerous fans of the novel “Cloud Atlas” will be familiar with author David Mitchell’s adage: There ain’t no journey what don’t you change you some.

As many in the world’s most populous country pack their bags this week and leave on jet planes for horizons far, authorities here are hoping that Chinese travelers, too, will transform – specifically by becoming more mannerly international travelers.

After a series of embarrassing recent incidents, China’s state-run media Xinhua recently did its part to help citizens discern good behavior from bad by publishing an online guide to overseas etiquette. “Who wants to be labeled uncivilized by foreigners?” asks the Xinhua article, published a few days ahead of this year’s Spring Festival Holiday.

To avoid that, the piece offers advice to travelers, including items tailored to specific destinations.

Doing Dubai? Don’t talk about pigs. And don’t wear items of clothing that have images of pigs on them. (Thanks for the fashion tip Xinhua.)

On Safari in Kenya? Please, get permission before posing and saying “cheese!” next to Masai warriors. And keep your hands off that ivory.

The same applies to coral: It belongs in Fiji and not on auntie’s shelf in Fujian province.

Vacationers from the People’s Republic have acquired a reputation for being unruly at times, and have lately made global headlines by attacking flight attendants, fighting in airplane aisles and opening emergency doors in non-emergency situations. Recent incidents have led China to consider establishing an air-passenger blacklist that would ban travelers who continually misbehave.

A relative newcomer to overseas vacations, China has been quick to catch the travel bug. According to the China National Tourism Administration, more than 100 million Chinese ventured abroad in the eleven month period ending November last year. By contrast, in 1998 that number was just 8.4 million. In a recent report, Hong Kong brokerage CLSA said it expects the total number of Chinese outbound travelers to hit 200 million in 2020.

via Don’t Wear Pig T-Shirts in Dubai: Xinhua’s Official Online Guide for Chinese Tourists – China Real Time Report – WSJ.

17/04/2014

Non Residents Are Stakeholders in India’s Future Too – India Real Time – WSJ

Conversations in Mumbai are usually about the elections these days – be it at roadside food stalls or in the boardrooms of India’s financial capital.

The stakes, after all, are high: following a period of robust growth, the country’s economy has slowed considerably in the past few years – largely because of (depending on who you talk to) the global crisis, policy paralysis, corruption and such. Inflation too is a massive concern.

The need of the hour, most agree, is a secular, stable and investment-friendly government that helps create prosperity for India’s multitude, and not just for a few seen close to the powerful.

That in essence is also the main topic of discussion some 2000kms to the west of the city – for non-resident Indians in Dubai, a fast growing regional financial hub.

Back in the 70s and 80s, hordes of Indians left the country in search of better opportunities – many of whom came to the oil-producing Middle East countries. The tech boom of the 90s provided them another global opening, though by then economic reforms at home were also taking effect – helping drive growth and creating more and better-paying jobs in the next decade.

Many Indians still look abroad for livelihood, but have increasingly channelled a big chunk of their earnings back home in search of returns. And why not? Even global investors are happily betting on the country’s future.

India topped the global list for remittances in 2013 – receiving some $70 billion, according to a World Bank report last week, underscoring its importance as an important source of foreign exchange. To be sure, remittances last year were “more than the $65 billion earned from the country’s flagship software services exports,” the World Bank noted.

That the country has been among the leading recipients of remittances over the past few years is not surprising, given that some 25 million Indians (variously classified) live abroad and, in several cases, continue to have strong familial ties back home.

The importance of Indians living overseas and their contribution to the country has been recognised on various platforms – such as the Pravasi Bharatiya Divas, which has been held every year since 2003 to “mark the contribution of Overseas Indian community in the development of India,” according to the Ministry of Overseas Indian Affairs.

The ministry says these conventions facilitate the overseas Indian community to engage with the government and people for “mutually beneficial activities”. Simply put, Indians living overseas are increasingly participating more actively back home.

But they – the millions of NRIs – still can’t vote from foreign locations and choose a government of their liking in the country’s general elections.

via Non Residents Are Stakeholders in India’s Future Too – India Real Time – WSJ.

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13/02/2014

* India Approves Paying $54-a-Ton Subsidy for Raw Sugar Exports – Businessweek

India, the world’s biggest sugar producer after Brazil, will introduce a subsidy on raw sweetener exports to boost shipments amid a domestic glut, a government official said.

The cabinet approved a 3,333 rupees ($54) a metric ton subsidy for exports in February and March and will review the amount in April, the official, who asked not to be named because the person isn’t authorized to speak to the media, said in New Delhi yesterday after the cabinet meeting. That’s 67 percent more than the 2,000 rupees previously proposed by the Food Ministry. India will subsidize as much as 4 million tons in the next two years, the official said.

Bajaj Hindusthan Ltd., Balrampur Chini Mills Ltd. (BRCM) and other mills are counting on government support to increase shipments and trim record losses as cane costs climb and prices drop. The subsidy will help spur exports from India and help the country compete with supplies from Thailand, Michael McDougall, a senior vice president at Newedge Group in New York, said by phone yesterday. Refineries including Dubai-based Al Khaleej Sugar Co. will benefit from Indian supplies, he said.

via India Approves Paying $54-a-Ton Subsidy for Raw Sugar Exports – Businessweek.

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19/08/2013

The Indosphere: Made outside India

The Economist: “INDIA’S diaspora of 25m people is something to behold. In colonial times Indian labourers and traders spread across the world, from Fiji to the Caribbean. A second wave of Indians left between the 1970s and mid-1990s, when the economy was in a semi-socialist rut. Migrant workers rushed to the Persian Gulf and South-East Asia, then booming. Educated folk and entrepreneurs fled to the rich world. Plenty struck gold, including engineers in Silicon Valley and Lakshmi Mittal, boss of ArcelorMittal, a giant steel firm. Often they now have little to do with India beyond sending cash to relatives and groaning as the once-vaunted economic miracle fades.

Yet alongside this distant diaspora, a network of people and places is more directly engaged with India’s economy. Its most conspicuous element is the plutocrat who owns firms in India, but like his Russian and Chinese peers shops in Paris, educates his children in America and Britain and sometimes has foreign citizenship: Cyrus Mistry, the boss of Tata Sons, India’s biggest firm, has an Irish passport. At the network’s core, however, is not the gilded elite but offshore hubs, including Dubai and Singapore, often with sizeable Indian populations and with their own economic strengths.

The idea that some things are better done abroad is hardly new. Hong Kong was a gateway to imperial and then Red China. In 1985 Yash Chopra, an Indian film-maker, led a trend of shooting Bollywood “dream sequences”—in which the hero and heroine sing amid meadows and snowy crags—in Switzerland. The Alps were easier, cheaper and safer than the more familiar location of Kashmir.

Film buffs now view Swiss dream-sequences as cheesy, but India’s big offshore hubs are more in fashion than ever. They present a mirror image of India’s red tape, weak infrastructure and graft. Dubai is a prime example. For long-haul flights Indians prefer its airline, Emirates, to their own. More than 40% of long-haul journeys from India go via a non-Indian hub, often in the Gulf. Indian airports no longer make grown men cry (Delhi’s is first rate), but few foreign airlines want to make them their base. Indian planes are usually serviced in Dubai, Malaysia and Singapore, reflecting a history of penal taxes in India and high customs duties on imported spare parts.

via The Indosphere: Made outside India | The Economist.

21/07/2013

China starts construction on ‘world’s tallest building’

SCMP: “China has embarked on the construction of an 838-metre-tall building in Changsha that is billed as the “world’s tallest”.

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Developer Broad Group on Saturday held a ground-breaking ceremony in the capital city of central province Hunan to start building the 208-storey tower, the Xiaoxiang Morning Herald newspaper reported on Sunday. Upon completion, the building would be about 10 metres taller than the Burj Khalifa in Dubai, currently the world’s tallest.

The Changsha project, carried out by China Construction Fifth Building, is expected to be completed in April 2014, said Zhang Yue, founder and chairman of the Broad Group. It was slated to open in May or June next year.

The skycraper will contain a total area of 1.05 million square metres and will cost a whopping 5.2 billion yuan (HK$6.5 billion) to build, government-run news portal voc.com.cn reported.

Named “Sky City”, the mega building is designed to house various public facilities so the “building can serve as a city”, the developer said. It would house schools, an elderly care centre, hospital, offices in lower levels, while apartments and hotels would make up the upper levels.

Changsha-based technology enterprise Broad Group was founded in 1988. Its products include energy-saving electronic equipment and quake-proof construction materials.

China is home to five of the world’s top-10 tallest buildings, according to a list in Forbes magazine last year.”

via China starts construction on ‘world’s tallest building’ | South China Morning Post.

24/11/2012

* Chinese company plans to build world’s tallest skyscraper – in just THREE MONTHS

Given the prediction that China’s urban population will continue to expand as more rural workers migrate to cities seeking jobs and a better life, this kind of ‘system building’ may be the answer.

Daily Mail: “A construction company yesterday revealed plans to build the world’s tallest skyscraper – in just three months.

Massive: An artist's impression of the planned 220-storey Sky City building planned for Changsha, south-east China. The mammoth building is planned to be built in only three months

Sky City in Changsha, south-east China, will be a 220-storey structure standing at an incredible 2,749ft (838m).

It will house 17,400 people and also boast hotels, hospitals, schools and office space with occupants using 104 high-speed lifts to get around.

Massive: An artist’s impression of the planned 220-storey Sky City building planned for Changsha, south-east China. The mammoth building is planned to be built in only three months

The half-mile high superstructure will be 32ft taller than the Burj Khalifa in Dubai – the current tallest building – and is expected to cost almost half as much.

It will dwarf the Shard in London, standing more than 530m above the western Europe’s tallest building and, when completed, will mean nine of the 10 tallest skyscrapers in the world are in Asia.

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But the most impressive thing about Sky City is that its designers, Chinese-based Broad Group, plan to start and finish it in just 90 days.

This astonishing pace, which will see five storeys go up a day, is down to the revolutionary method of prefabricated building where blocks are built off site and slotted together to save time.

Despite concerns about its structural rigidity, Broad Group says the half-mile high building will be able to withstand a magnitude 9.0 earthquake.

The idea isn’t pie in the sky thinking either, with Broad making headlines last year when they built a 30-storey building in 15 days.”

via Chinese company plans to build world’s tallest skyscraper – in just THREE MONTHS | Mail Online.

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