Wednesday, February 8, 2012

Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN





About 2point6billion.com

2point6billion.com discusses investment news and events from the emerging markets of Asia - including India, China and the ASEAN countries. It is produced by the Asian foreign direct business advisors at Dezan Shira & Associates from their offices across emerging Asia.




Mt Everest off limits

If you were planning on climbing Mt Everest this summer, make alternative plans. In a bid to allow the Olympic torch to safely scale the summit of the world’s highest peak, both approach routes, to the Mt Everest peak - from the Nepal side and the Tibetian side will be off limits.

Nepal’s tourism minister, Prithvi Subba Gurung, told the New York Times in a telephone interview on Thursday that the Chinese government had appealed to his administration to help prevent disruptions to the Olympic torch ceremony. “Expedition teams will not be allowed to ascend Mount Everest from the base camp” on the Nepal side, he said.

Nepal’s decision underscores its vulnerability to pressure from its large and powerful neighbor to the north, even if it involves forsaking lucrative earnings from expedition permits. The tourism industry is among Nepal’s most important revenue streams, and the tourism ministry says permits to scale Everest put $4 million into government coffers last year, a significant amount for one of Asia’s poorest countries.

China’s plan to have the Olympic torch carried into Tibet over Everest has drawn protests from groups that advocate greater autonomy for Tibet and for monks in the Tibetan capital, Lhasa. In India, Tibetan exiles were arrested this week as they set off on foot from Dharamsala, seat of the Tibetan government in exile, with Lhasa as their destination. The march is one of several international protests related to Chinese rule in Tibet, and takes place around the anniversary of a failed uprising against Chinese control of Tibet in 1959.

This entry was posted in Culture & History, Politics. Bookmark the permalink.

3 Responses to Mt Everest off limits

  1. Chris Devonshire-Ellis says:

    I climbed up to the Everest base camp when I was 40. It’s a nasty, horrible place and the mountain is quite dreadful. Dusty, cold, grey and windy. Far better to hire a small plane from Katmandu and go fly around it. Bumpy, but fantastic views. Everest looks great from a distance but close up it is literally a killer of a place to be.

  2. Ram Menon says:

    Thesse recent developments are all because of the recent Tibetan upheaval and demonstrations by the Monks.

  3. Chris Devonshire-Ellis says:

    Maybe, but I think it’s also to stop unfit tourists from attempting to get very far up a mountain that is a killer. – Chris



Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at china@dezshira.com, download our corporate brochure or visit at us www.dezshira.com


Dezan Shira & Associates, Twenty years of Excellence

The Asia Briefing Bookstore

Our best selling legal, financial, tax and regional guides to Asia business, industry reports and more…
Click here to view all titles now

China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store China Briefing Book Store

NOW AVAILABLE IN PDF