Vol. II Issue. 48
India, China vow to expand economic cooperation
26 November 2012
India, China vow to expand economic cooperation
Indian and Chinese officials expressed hope that both India and china can intensify bilateral cooperation to enhance each other's economic development at the second meeting of the India-China Strategic Economic Dialogue hosted in New Delhi.
A Chinese government delegate stated that the two nations should expand communication and coordination of their macro-economic policies, seek cooperation in basic economic infrastructure and encourage bilateral investment as well as green economic cooperation.
The first meeting of China-India strategic economic dialogue was held in September, 2011 in Beijing after Chinese Premier Wen Jiabao and Indian Prime Minister Manmohan Singh agreed to launch such an initiative in 2010.
Source (s): Xinha, November 26, 2012
China, Russia to strengthen military ties
China pledged to strengthen military ties with Russia during a visit by Russian Defence Minster Sergei Shoigu to Beijing, where he met with the Vice Chairman of China's Central Military Commission Xu Qiliang and China's Defence Minister Liang Guanglie.
Mr. Shoigu stated that military relations between the two sides have developed smoothly as witnessed by the 2012 Russia-China Joint Naval Exercise and 2012 Shanghai Cooperation Organization Joint Anti-Terrorism Military Exercise.
Source (s): CCTV, November 21, 2012
China opposes EU carbon tax
China's chief negotiator to the UN climate change talks stated his firm opposition to the European Union's Emissions Trading Scheme (ETS), an initiative which plans to tax non-EU international airlines for carbon emissions ahead of the UNFCCC climate change talks scheduled in Doha. He did mention that China was ready to deliberate the issue through multilateral mechanisms, further adding that China was already taking 'robust measures' to reduce emissions in its aviation and shipping industries.
Source (s): Xinhua, November 22, 2012
China becomes Australia's primary 'knowledge' partner
China is now the leading knowledge partner of Australia according to a recent Universities Australia report. The report indicated a 72 per cent increase in the number of university agreements with China since 2003, the number rising from 514 to 885 overtaking the US for the first time.
Source (s): Xinhua, November 26, 2012
India, China for second Strategic Economic Dialogue
Representatives of India and China met in the Indian capital, New Delhi, for the second Meeting of India-China Strategic Economic Dialogue on November 26. Both parties have called for expanding cooperation in their economic and trade relations. The first meeting was held in Beijing last year after Premier Wen Jiabao and Prime Minister Manmohan Singh came to an agreement in 2010.
Chairman of the National Development and Reform Commission of China, Mr Zhang Ping, said that the two countries should expand communication and coordination of their macro-economic policies, learning from the other's 12th five-year plan of economic development, seek cooperation in basic economic structure, encourage investment in each other's country, and scope out arenas for green economic cooperation.
India's representative, Montek Singh Ahluwalia, Vice-Chairman of the Planning Commission, noted that the India-China economic dialogue is still in its nascent stage. He pointed out that both countries need to overcome information deficit in economic fields and focus on the more 'feasible' cooperation sectors such as water- recycling, digital science and micro-irrigation.
Source (s): People's Daily, November 26, 2012
Goldman Sachs chairman reflects on China's global GDP share
The China Daily reported on Tuesday that China currently holds 10 percent of the global GDP. According to Jim O'Neill, Chairman of Goldman Sachs asset management, China, India, Russia, Brazil, Indonesia, Turkey, Korea and Mexico held nearly 26 percent of the 2011 global GDP share and is expected to grow to about 35 percent by 2020.
"From late 2009 to late 2011, the country's (China's) economic policy has tightened a lot, because its biggest policy challenge is reducing inflation," O'Neill said.
He also added that China "is now focused on more quality economy growth rather than GDP. In the past six months, there have been some capital outflows from China, which partially reflects investors concerns about the economy slowing down there."
Source (s): Business Standard, November 20, 2012
GDP target for 2013 expected at 7.5 percent
Speculations are rife as the first annual economic work conference of the new leadership of the Communist party will be held in December this year. Citing anonymous sources, the China Business News has reported that the new leadership will most likely set the annual GDP for 2013 at 7.5 percent.
A target of 7.5 percent will be consistent with the current economic policy and also with the targets of the Twelfth Five Year Plan (2011-2015), and also the report presented at the 18th National Congress of the Communist Party of China. The 18th Congress has demanded a doubling of the country's GDP by 2020 and the 12th Five Year Plan has 7 percent as its annual GDP growth for the five year period.
Source (s): China Daily, November 26, 2012
POLITICS AND SOCIETY
Officials' trips to be placed under more public scrutiny
Wenzhou will make public the details and expenses of Party and government employees' trips abroad on official duty, with the aim to better control the trips through public scrutiny.
Detailed regulations issued by the government of Wenzhou city, which is famous in China for its private economy, will take effect from 2013 and will make public the details of international trips taken by the city's Party and government officials.
The new regulations will likely instill in the public a certain confidence in local officials.
In addition, officials who will retire within six months and newly appointed officials are not allowed to take any official trips in the year.Further detailed rules relating to the regulations will be made public by the discipline inspection commission soon after the regulation is put into practice.
Source (s): China Daily, November 23, 2012
China bans hospitals from refusing AIDS patients
China's health authorities have issued a circular banning health institutions from denying medical treatment to the people living with HIV/AIDS.
In the circular, the Ministry of Health (MOH) ordered health authorities at all levels to take substantial measures to guarantee HIV/AIDS patients' rights to medical treatment as well as the safety of health professionals. Hospitals should not send HIV patients to another hospital or refuse to treat them.
Hospitals unable to offer necessary treatments should refer the patient to another designated hospital or ask local health authorities to arrange a referral, the MOH said.Furthermore, the circular said transgressors would face harsh punishments.
According to the MOH's official website, Vice Premier Li Keqiang has stated that people with HIV/AIDS should not be discriminated against, and that work should be done to guarantee the safety of doctors and nurses treating HIV-positive patients.
Source (s): Xinhua, 23 November, 2012
SCIENCE AND TECHNOLOGY
Aviation Industry Corp to test engines for civilian aircrafts
After developing fighter aircrafts for China's maiden aircraft carrier - the Liaoning - the Aviation Industry Corp of China is set to enter the jet engine market for commercial aircrafts. Accodring to the company's Chairman, Lin Zuoming, the first tests for the aircraft engines could be done in 2015. Though the company has developed a prototype of a high-bypass turbofan engine for large commercial aircrafts, Lin cautioned that it could take several years before it is commercialised. Sounding positive towards the project, he said that "We have produced reliable engines for military aircraft and we must also design and develop reliable, high-performance engines for passenger planes."
Talking about China's second stealth fighter - the J-31-he said that the aircraft was not inferior to the US F-35 ? If fitted with either of the two types of our newly-developed engines, it will be more advanced than the US model." He added that China's aircraft carrier project had opened the doors for the country's aviation sector as the industry could now produce various types of aircrafts including fighters, helicopters and trainers for aircraft carriers.
Source (s): China Daily, November 26, 2-12.
Yaogan XVI satellite launched
China launched the Yaogan XVI remote sensing satellite on November 25 from the Jiuquan Satellite Launch Centre. The satellite was launched using the Long March-4C carrier rocket and will be providing data for technological experimentation, resource surveying, agricultural yield estimation and disaster management. The satellite was developed by research institute affiliated with the China Aerospace Science and Technology Corporation.
Source (s): China Daily, November 25, 2012.
• Rahul Prakash
• Sadhavi Chauhan
• Arvind K. John
• Shaantanu Shankar