Posts tagged ‘Economic development’

07/12/2014

India Says Pollution Levels Need to Rise Further to Boost Growth – Businessweek

India said its pollution levels will need to increase in the years ahead to support its economic development and it won’t discuss limiting greenhouse-gas emissions at United Nations climate talks that began this week.

Environment Minister Prakash Javadekar also said the government is preparing to make a pledge on how India will develop cleaner forms of energy, though he stopped short of indicating when the country might take on the sorts of caps for emissions that the U.S., China and Europe are adopting.

“We have a need to grow, so our emissions will grow,” Javadekar said at a press conference in New Delhi today. He said the onus on reducing emissions should be on richer industrial nations most responsible for global warming to allow poorer countries “space for more development.”

The comments indicate the difficulty in bringing all of the 190 nations gathered at the UN climate talks in Peru this week into a deal that will cut back on the pollution blamed for driving up the Earth’s temperature. While India’s emissions are the third-highest in the world, 30 percent of its residents live in poverty, scraping by on 75 cents a day or less.

Javadekar spoke before departing for the UN talks in Lima, Peru, which run through next week. They’re aiming to put together the building blocks for a deal by the end of next year that would cut pollution in all nations from 2020.

India is under pressure to make its environmental goals more clear after China and the U.S. jointly agreed Nov. 12 to rein in fossil fuel emissions. It was the first time a big developing country said it would take on a mandatory limit on pollution.

via India Says Pollution Levels Need to Rise Further to Boost Growth – Businessweek.

04/12/2014

Family support planned for aging population – China – Chinadaily.com.cn

China will support the role of family in providing care to the elderly as the country responds to the rapid aging of its population, a top health and population official of China said during the 2014 World Family Summit.

“China will actively respond to population aging and include it as part of China’s national plan for development,” Li Bin, minister of the National Health and Family Planning Commission, said during the summit, which concluded on Wednesday in Zhuhai, Guangdong province. “The government will help families increase their capacity for elder care and provide more training to them.”

To cope with its rapidly aging population, China will establish social security and health support networks for the elderly and provide a better environment to serve the elderly, she said.

The government will create policies targeted at the development of families and invest more human resources to help families guard against potential risks, she said in a speech during the summit.

The number of people aged 60 or above in China reached 202 million last year, accounting for nearly 15 percent of the country’s population, according to a report released by the commission in November.

More than 20 percent of families in China had at least one member aged 65 or older in 2010, and almost half of all people aged 65 or above live with their children, according to the report. Most elderly Chinese are still cared for by their families, the report said.

A severe shortage of quality elderly-care institutions and traditional beliefs are the major reasons family members mostly care for their own elderly, experts said.

via Family support planned for aging population – China – Chinadaily.com.cn.

05/03/2012

* China lowers growth target to 7.5%

(Reuters) – Chinese Premier Wen Jiabao cut his nation’s 2012 growth target to an eight-year low of 7.5 percent and made boosting consumer demand the year’s first priority as Beijing looks to wean the economy off its reliance on external demand and foreign capital. …

“We aim to promote steady and robust economic development, keep prices stable, and guard against financial risks by keeping the total money and credit supply at an appropriate level, and taking a cautious and flexible approach,” Wen said in his annual work report to the National People’s Congress (NPC), China’s annual parliamentary session. …

His annual state-of-the-nation report to parliament dwelled on the institutional and income barriers the government must break to build a more balanced economy that relies less on exports and shares more wealth with hundreds of millions of poor farmers and migrant workers who are reluctant to spend. …

Shifting that balance is a key goal for Wen and Hu, both 69, as they near the end of a decade in power which has seen China become the world’s second-largest economy after the United States, contributing more to global growth than any other nation, while seeing a chasm widen between rich and poor. The number of Chinese billionaires nearly doubled in 2011 to 146 from 2010, Forbes said.

Stability, steady growth and spreading wealth are core justifications for more than 60 years of one-party rule by the Communist Party, which will install a new cohort of leaders by the end of 2012. …

The last year in power for Wen and Hu has shuddered with anxieties about inflation, a feverish property market, local government debt, stubborn inequality and social strains from protesting villages to ethnic tensions in western regions. …

Critics, including prominent policy-advisers, have said the Chinese government can foster healthy long-term growth only by taking on bolder reforms to rein in state-owned conglomerates and other entrenched interests — reforms that ultimately spill into sensitive issues of curbing the party’s own powers.

Wen has stood out among China’s leaders as the most persistent advocate of measured political relaxation, and has cast himself as a passionate advocate for farmers struggling with economic insecurity and land lost to developers.

“We should care more deeply for rural migrant workers and provide more services to them,” he said. “We will place farmland under strict protection.”

http://www.reuters.com/article/2012/03/05/us-china-economy-idUSTRE82400120120305?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F+US+%2F+Top+News%29&utm_content=Google+Feedfetcher

Law of Unintended Consequences

continuously updated blog about China & India

ChiaHou's Book Reviews

continuously updated blog about China & India

What's wrong with the world; and its economy

continuously updated blog about China & India