The author is vice director of the Institute of International Studies from Zhongnan University of Economics and Law. India’s relatively stable political environment, sustained economic growth momentum, huge population dividend and cheap labor costs have attracted numerous international investors. A survey by the Japan Bank for International Cooperation (JBIC) of 1,000 Japanese manufacturers in July 2014 found that India ranked the most preferred destination for future investment, followed by Indonesia (No.2) and China (No.3). Data…
Posts published in “Day: September 27, 2016”
The author is a reporter with the Global Times. As Chinese manufacturers show an increasing interest in setting up assembly lines in India, the economic competition between the two countries is likely to enter a new stage as India and China vie to expand their industry chains. Chinese telecom equipment maker Huawei Technologies Co announced Friday it would start making smartphones in India next month, joining a wave of smartphone vendors establishing production facilities in…
NEW DELHI: As India mounts a diplomatic offensive+ against Pakistan over the issue of terrorism, China has again signalled it will continue to prop up Islamabad as a counterpoise against India’s bid for membership of Nuclear Supplies Group. Last week, China held another round of Arms Control Consultation with Pakistan in which it discussed Islamabad’s application for NSG membership and also “indicated” on placing Pakistan’s views and inputs to the group for consideration. The China-Pakistan…
The unrelenting rise in home prices in China’s major cities has created a real estate bubble which risks bursting and has “kidnapped” China’s domestic and foreign policy, experts warned on Sunday. Property developers in Shenzhen, South China’s Guangdong Province, surprised the market over the weekend with the debut of 6-square-meter apartments, which Chinese netizens refer to as “pigeon lofts.” Located in a residential building in Shenzhen’s Nanshan district, the apartments immediately sold out on Saturday…
Financial juggernaut China Development Bank is spearheading a government-backed drive by the country’s three policy lenders to stimulate economic growth through stealth. The government is deploying the lenders to make low-profile, targeted cash infusions into specific areas, rather than adjusting monetary and fiscal levers in headline-grabbing manoeuvres that affect the whole economy. And unlike listed state-owned commercial banks that have to keep an eye on the bottom line and answer to investors and auditors, policy…
China’s air force sent an unusually large fleet of fighter jets and bombers through the Miyako Strait near Japan’s Okinawa Island for exercises on Sunday, the second time it has headed to the Western Pacific this month. Analysts said the sabre-rattling was meant as a strong message to Tokyo, after Japan’s new defence minister vowed to step up its military presence in the disputed South China Sea in joint training patrols with the United States.…
Dozens of warplanes have been sent to the West Pacific Ocean and China’s Air Defense Identification Zone (ADIZ) for marine drills and regular patrols, a Chinese Liberation Army (PLA) Air Force official said on Sunday. Air Force spokesperson Shen Jinke said the Chinese Air Force Sunday sent over 40 warplanes through the Mayako Strait for combat drills in the West Pacific, and fighters and bombers are regularly patrolling the country’s ADIZ over the East China…
Islamabad – Pakistan Navy and Iranian Navy would undertake naval drills in the Pakistani waters this month or early next month. Well-placed sources in the defence establishment told The Nation that four Iranian naval vessels are scheduled to visit Pakistan for the joint drills ahead of ‘Aman-17’ exercise, which the Pakistan Navy will host early next year. Pakistan Navy is also preparing to host its annual international naval exercise ‘Aman-17’ in North Arabian Sea early…