Dec. 31 – As we look back on 2009, the year ends with a more upbeat feel to it than it started with 12 months prior. 2point6billion.com publisher Chris Devonshire-Ellis take a look at the year that was in China and India, drawing some contrasts and comparisons between the two Asia giants and laying out some predictions for the coming year.
China’s Mixed Signals in a Strange Year
As we look back on 2009, the year ends with a more upbeat feel to it than 12 months previously when the true impact of the global recession was making its scale apparent. However, 2009 was a strange year and it is with a mixture of some relief and concern that many can put the past 12 months to bed.
Read the full essay.
India’s Unique Chance to Finally Stand Up
The year 2009 ends in India with on an upbeat note. That is some relief after the tragedy of the Mumbai terror attacks at the end of last year, and a strong signal of the resilience of both the nation and its people. However, warnings over unresolved and long standing political issues remain.
Read the full essay
Dec. 31 – With the end of the decade upon us, 2point6billion.com take a moment to look at the decade that was in India. Please feel free to add to this list in the comments section at the bottom of the page.
May 11 – India’s billionth citizen, baby Astha was born
July 30 – Kannada film super star Rajkumar abducted by bandit Veerapan
Nov. 1 – Chhattisgarh becomes Indian’s 26th state
Nov. 6 – J Jyoti Basu, world’s longest -serving elected communist leader, retires as West Bangal CM
Nov. 9 – Uttranchal becomes Indian’s 27th state
Nov. 15 – Jharkhand becomes Indian’s 28th state Continue reading
Dec. 29 – Russia opened a new oil export terminal at Kozmino on the Pacific Ocean on Monday to cater to the rapidly growing Asian energy markets.
“This is a great New Year present for Russia,” Prime Minister Vladimir Putin told workers at the opening ceremony in Kozimino, near the city of Vladivostok.
“This is the completion of one of the biggest projects in contemporary Russia. This is a strategic project because it allows (Russia) to come to new markets, the growing Asia-Pacific markets,” Putin said. Continue reading
Dec. 28 – A new, increasingly drug-resistant form of malaria has sprung up along the border of Cambodia and Thailand a new report by the Associated Press states.
“This spot on the Thai-Cambodian border is home to a form of malaria that keeps rendering one powerful drug after another useless. This time, scientists have confirmed the first signs of resistance to the only affordable treatment left in the global medicine cabinet for malaria: Artemisinin.” Continue reading
Dec. 28 – Asia is leading the recovery of the global economy, but the overheated Chinese property market is drawing concern.
“The reason that I’m worried about that is not just property prices are getting high, but we’re seeing industrial companies actually speculating the land, which is not healthy,” said Dong Tao, chief Asia economist of Credit Suisse, in an interview with CNN.
“We have seen this in Japan in the 1980’s. I certainly hope that China is not going to repeat the mistakes that Japan made 20-30 years ago,” said Tao. “China is the first economy to get out of recession, so I think it’s natural to see the Chinese Central bank to be probably the first central bank among major economies to tighten (its monetary policy).” Continue reading
Dec. 28 – Global rating agency Moody’s raised India’s currency rating outlook to “positive” based on the country’s resilience throughout the global financial crisis.
India’s economy witnessed high growth, large domestic savings, favorable debt structure, domestic monetary confidence and a strong external position, reasons why the ratings agency raised the country’s rating from “stable.” Continue reading
Dec. 23 – The grouping of China, India, Brazil and South Africa emerged as a significant force in Copenhagen and they are now hoping to lead the way in future negotiations, the head of the U.N. climate panel said on Wednesday.
A climate change meeting ended last week in Copenhagen with a non-legally binding political agreement at the last moment between the United States and the big developing countries of China, India, Brazil and South Africa that form the BASIC group. It was an agreement that left many in the Europe feeling less than enthused about the outcome. Continue reading