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Showing posts with label china. Show all posts
Showing posts with label china. Show all posts

The governor of China's central bank has pulled out of the International Monetary Fund (IMF) and World Bank meetings being held in Japan. The move comes amid an ongoing territorial dispute between the two countries. 

Relations between the two soured after Japan said it has purchased disputed islands in the East China Sea claimed by both Tokyo and Beijing. China's four state-owned banks have also skipped the meetings.

Zhou Xiaochuan, the Governor of the People's Bank of China, was scheduled to attend the meetings and deliver a speech at the event. His deputy Yi Gang will now represent him at the IMF-World Bank annual meetings.

China's official news agency Xinhua has confirmed the make-up of the Chinese central bank delegation.



S President Barack Obama has blocked a Chinese-led group from purchasing several wind farms near a US naval station, saying the acquisition threatened the country's national security.

According to US officials, the wind farm sites are all within or near restricted air space at an Oregon naval weapons system training base where pilotless drone aircraft are being tested.

The President's move forces the company Ralls Corporation to divest its stake in the projects. It is the first time since 1990 that an American President blocked a foreign business deal.




  • On June 20, 2004, both India and Pakistan agreed to extend a nuclear testing ban and to set up a hotline between their foreign secretaries aimed at preventing misunderstandings that might lead to nuclear war.
  • India and China announced a hotline for the foreign ministers of both countries while reiterating their commitment to strengthening ties and building "mutual political trust".[1]
  • United States and China set up a crisis hotline between their military establishments in 2008.

 India and China are in the final stage of setting up hotlines between their Armies on eastern and northern side of the divide to avoid any misunderstandings during the military patrols on the border. Eastern Command headquarters in Fort William, Kolkata, will have a dedicated telephone hotline with the Chinese Peoples Liberation Army headquarters in the Chengdu Military region, and the Northern Command headquarters in Udhampur with its counterpart in the Lanzhou Military Region. Presently, sector commanders of the Indian and Chinese armies do talk over the telephone and meet periodically at designated places along the border.

Chengdu and Lanzhou are two of seven Chinese PLA military regions and cover the entire border with India. On the Indian side, the Northern Command, Eastern Command and the Central Command share the responsibility for the frontier with China. The proposal for telephone hotlines was conveyed by Beijing during the visit of the Chinese defence minister Liang Guanglie to New Delhi in the first week of this month.

AIR correspondent reports, both sides acknowledge that despite the peace and tranquillity on the frontier, there is the likelihood of border patrols’ movements being misinterpreted and snowballing because the border is unsettled. The Indian and Chinese militaries are beefing up border defences, raising more troops and redeploying new units.

As recently as July, Indian and Chinese army patrols came face to face at Chumar in Ladakh. The patrols held up banners and flags to signal to each other that they were transgressing the Line of Actual Control. There was no face-off as the patrols moved on. There were more than 200 such transgressions  अतिक्रमण ( in 2011. This year, the Indian army has listed 90 so far.

The Indian Army currently has a hotline only with Pakistan. The Directors Generals of Military Operations (DGMOs) of India and Pakistan talk over a dedicated line every Tuesday and usually after incidents of firing on the Line of Control in Jammu and Kashmir where a ceasefire has been holding since 2002.

 S President Barack Obama is expected to file a new trade complaint against China, accusing it of illegally subsidising exports of cars and car parts. Mr. Obama will announce at the World Trade Organization (WTO) action against China when he visits the US state of Ohio during a campaign stop later today. In the latest wrangle, the Obama administration clams that China's illegal subsidies in the car sector totalled one billion dollars between 2009 and 2011.

The US President believes that the subsidies encourage the US to outsource car and car parts production to China, with these products then exported into the US or other nations. Obama's move is seen as political. Last week, President Obama's main Republican rival Mitt Romney accused Mr Obama of being too soft on China. Almost immediately after Mr. Obama's plans were revealed, China requested formal negotiations with the US over extra duties imposed on Chinese tyre imports.


 China's leader-in-waiting Xi Jinping has reportedly appeared in public for the first time in about two weeks, following swirlingचक्करदार speculation about his whereabouts.

In what appeared to be an effort to dispel rumours of serious illness and a troubled succession, the vice-president visited a Beijing university.

According to state media reports, he arrived at China Agricultural University this morning for activities marking this year's National Science Popularisation Day. way this is much better than sciece day

Mr Xi had not been seen in public since September 1 and cancelled meetings with dignitaries including visiting US secretary of state Hillary Clinton.

Chinese government officials have repeatedly refused to say what had happened to him. His unexplained disappearance came at a highly sensitive time for China, which is gearing up for a generational handover of power.

Mr Xi has been widely tipped to succeed president Hu Jintao as leader of the ruling Communist Party at a crucial meeting that is expected to be held sometime next month, before taking over as head of state in March.


 US Secretary of State Hillary Clinton says, the US administration wants to normalise trade relations with Russia. She said the government is working closely with the US Congress to get the necessary legislation passed.

Speaking at the Asia-Pacific Economic Co-operation summit in Vladivostok, she said she welcomed Russia's commitment to playing a greater role in the Asia-Pacific region. She said there are, however, concerns in the US Congress about Moscow's support for Iran and Syria, as well as its broader human rights record.

Speaking at the summit, Chinese President Hu Jintao promised to maintain economic growth to support global recovery. Hu said China will pursue steady policies and seek to boost domestic demand. He said all countries in the region shared a responsibility to maintain peace and stability.

Russian President Vladimir Putin, who is hosting the summit, has expressed concern about the world economy, and particularly Europe's debt crisis. Putin said the recovery of the global economy is faltering and it is important to follow the fundamental principles of open markets and free trade.





 China will spend about 5.93 billion US Dollars to improve the quality of farmland this year. The authorities of Ministry of Finance said in Beijing today that the fund, which is a part of the country's comprehensive agricultural development plan, includes 21.92 billion yuan from the central budget and 12.05 billion yuan from local budgets.

The state news agency Xinhua quoting the ministry says the government plans to improve the quality of 1.03 million hectares of medium- and low-yield land and build 13.31 million of high-quality farmland by the end of 2012.

The ministry said the government will also support improvements for 45 water-saving projects in medium-sized irrigation districts.


India and China have agreed to resume military exercises, stalled since 2010. Talking to reporters following the Defence Minister Delegation level talks in New Delhi this morning, Defence Minister AK Antony said that it will take place in China next year and then in India in 2014. He will also visit China next year.
General Liang Guanglie, who is the first Chinese Defence Minister to visit India in eight years, said that consensus has been reached on many issues of mutual concern.
It is believed that during the talks New Delhi expressed concerns over Chinese military infrastructure build-up along the border and discussed more Confidence Building Measures . General Liang arrived in Mumbai on Sunday on a five-day visit to the country.
Before the official meeting started, the Chinese Defence Minister thanked his Indian counterpart for the good arrangements made during his visit to Mumbai and Agra.
The Chinese Defence Minister is also to hold a meeting with the Chairman, Chiefs of Staffs Committee, Air Chief Marshal NAK Browne at the South Block before calling on Prime Minister Manmohan Singh.
Our Correspondent reports that Military exercises between the two countries had started in 2007 but were put on hold in 2010 after a series of hiccups
  1. गड़बड़ी (f)
  2.  हिचकी hiccupedhiccupped (verb past tense)
    hiccuping
 in the defence ties between the two sides. The first exercise was held in Kunming, China in 2007 and the second in Belgaum in India in 2008. The third edition was to have been held in China in 2010 but has since remained stalled. After the denial of visa to the then Northern Army Commander, Lt. Gen. BS Jaswal by the Chinese in 2010, New Delhi had frozen all bilateral defence exchanges with Beijing. General Liang's visit is the first by a Chinese Defence Minister to India since General Cao Gangchuan's trip in March 2004. A Defence Minister-level visit to China from India had last taken place in May 2006.

 ndia and China will set up a joint working group to address all their trade related issues to strengthen economic relationship. At the ninth session of the India-China Joint Group on Economic Relations, Trade, Science and Technology in New Delhi today, the two also agreed to work on a five-year plan for furthering economic co-operation.Commerce and Industry Minister Anand Sharma and his Chinese counterpart Chen Deming led their business teams at the meeting.

Addressing a joint press conference, Mr.Sharma said,the joint working group will be established soon and it will give its recommendations and assessments in 90 days.The visiting minister Deming said that during the time of global economic crisis, there was a need for strengthening India-China economic relationship. He also expressed hope of achieving USD 100 billion bilateral trade target by 2013.

Mr.Sharma invited Chinese firms to invest in the proposed national investment and manufacturing zone. Mr.Deming also asked Indian businessmen to participate in the fairs and exhibitions in China in order to increase their exports. AIR correspondent reports,in 2011-12, bilateral trade between the countries stood at 75.45 billion US Dollars .


In China, three people were killed and five others injured when an eight-lane suspension bridge collapsed early today in the northeastern part of the country. The bridge, part of an airport expressway in Harbin city, was opened to traffic in November last year. 

Officials said a 100-meter section broke off when four heavy trucks drove onto the bridge, plunging them to the ground. Two people were killed on the spot, while the third died later. Five people were injured and receiving treatment at a local hospital. Chinese official news agency Xinhua said at least six major bridges have collapsed across the country since July last year, and that shoddy(घटिया) construction and over-loading were to blame.

 n China, protests broke out in at least six cities today after Japanese nationalists raised Japan's flag on an island claimed by both countries. The state media reported that a number of Chinese cities witnessed protest demonstrations denouncing Japanese landing on the Diaoyu islands, called Senkaku islands by the Japanese.

People in Chinese cities including Guangzhou, Shenzhen, Shenyang, Hangzhou, Harbin, Jinan, Qingdao and Taiyuan, took to the streets to voice their opposition to Japanese activists' landing on the Islands.

The protest followed reports from Tokyo that 10 Japanese nationalist activists landed on the islands with their national flags. China has officially lodged protest with Japan for Japanese groups landing on the island asserting that it is a violation of its territory.



China has launched a satellite to complete the country's first data relay satellite network that has assisted in space docking missions. China successfully launched the Tianlian I-03 satellite from a launch centre in Sichuan province. Xinhua news agency reported that Tianlian I-03 is the third in a series of satellites and marks the completion of the country's first data relay satellite network. The satellite was launched on a Long March-3C carrier rocket at 11:43 pm last night (Beijing Time). Together the three satellites that are in orbit now complete the system following validation and system coordination procedures. The third satellite is expected to improve the network's coverage in providing measurement and control services for China's manned spacecraft and planned space labs and stations.


China will launch its third spacecraft to the moon next year as part of its lunar exploration mission. 
Chief scientist of China's lunar exploration programme Ouyang Ziyuan said today that the Chang'e 3, named after the Chinese goddess of the moon, includes a lander and rover that will jointly carry out exploration activities for the first time in world history.

The International Monetary Fund (IMF) has warned that the worsening debt crisis in the eurozone poses a key risk to China's growth. The IMF added that China also faces domestic risks, not least from a sharper-than-anticipated decline in the property market.

The IMF said that it expects China's economy to grow by 8 per cent in the current financial year, but warned that a lack of response to the deteriorating crisis in the eurozone may cut that number by half. 

Growth in China's economy slowed to a three-year low in the second quarter. Its economy expanded at an annualised rate of 7.6 per cent in the three months to the end of June.


In Punjab, Patiala police, unearthed a sensational case of smuggling of Chinese made pistols by a Ferozepur based arms dealer and has recovered 18 Mausers of worth about 1.75 crore rupees which he had already sold to customers across the state on higher price. 300 live cartridges have also been recovered.

Patiala Range Deputy Inspector General of Police (DIG), has told AIR Jalandhar correspondent that this seems to be the biggest recovery of such Mauser pistols after the black days of terrorism in Punjab.

China says it will open probes into imported US and South Korean solar-grade polysilicon, which is used to make solar products. 

The Chinese Commerce Ministry said today that it will investigate whether U.S. and South Korea sold the kind of polysilicon used to produce solar batteries at artificially low prices in China. 

In another statement, the ministry said it will look into US state subsidies for the sector, including tax exemptions, free land, and use of public funds for job training. 

The announcements come after Washington slapped import duties on solar equipment from China in May, because of what US officials called dumping. Beijing called the action protectionist.


India has initiated a pphotography and medical applications, by robe into alleged dumping of a chemical, mainly used in China following complaints by domestic players. The Commerce Ministry's designated authority, the Directorate General of Anti-Dumping and Allied Duties, DGDA has started an investigation into alleged dumping of 'Meta Phenylene Diamine'.

In a notification, the DGAD said that it has sufficient evidence of dumping of the product from China to justify initiation of an anti-dumping investigation. It will determine the existence, degree and effect of any alleged dumping and to recommend the amount of anti-dumping duty, which, if levied, would be adequate to remove the injury to the domestic industry. 

After completion of the probe, the commerce ministry would recommend the duty and the finance ministry would impose the restrictive duty.

China and the European Union (EU) today pledged to set a good example of international cooperation in the 21st century. In a joint press release after the third round of China-EU high-level strategic dialogue in Beijing, the two sides agreed that they should be open to new ideas for working together effectively, and remain committed to be a good example of international cooperation in the 21st century. 

The two day dialogue which began yesterday, was co-chaired by Chinese State Councilor Dai Bingguo and EU high representative for foreign affairs, Catherine Ashton. China and the European Union vowed to continue to consolidate their comprehensive strategic partnership on the basis of mutual respect and mutual benefit.

During the dialogue, the two sides also agreed to hold regular dialogue on defense and security policy and stressed their willingness to strengthen cooperation in anti-piracy naval escorts.



Jul 10,  12:44 PM
China's trade surplus widened in June as import growth weakened, underscoring worries about both the domestic and global economy. The customs bureau said the trade surplus grew to 31.73 billion dollar up 42.9 per cent from the same month last year. The main contributor was weak imports which grew 6.3 per cent, about half the pace, analysts were expecting. China's domestic economy has been one of the major drivers of global growth.

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