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2point6billion.com discusses business and investment news rising from the geopolitical relations of China and India, and the interactions these two countries have with the rest of emerging Asia.



Monthly Archives: February 2010

China’s Labor Shortage to Continue

Feb. 26 – Despite having one of the largest populations in the world, China’s shortage of migrant workers is expected to continue in selected areas in the country says a government survey.

The survey took stock of the migrant worker situation in China through interviews with 3,239 companies and 9,081 migrant workers working in 26 large-and medium-sized cities in 13 provinces. Continue reading

Posted in Business | 1 Comment

India, Pakistan Hold First Official Talks Since Mumbai Attacks

Feb. 26 – India and Pakistan officials met in New Delhi for their first official talks since the 2008 Mumbai attacks stalled diplomatic relations.

The meeting tackled contentious issues between the two from water resources to territorial disputes to terrorism concerns. In particular, India focused on terrorism with its foreign secretary Nirupama Rao presenting dossiers of Mumbai attack suspects to Pakistan’s foreign secretary Salman Bashir. Continue reading

Posted in Politics | Comments Off on India, Pakistan Hold First Official Talks Since Mumbai Attacks

China to Release Millions of Carp to Clean Taihu Lake

Feb. 25 – Local Chinese authorities are scheduled to release 20 million green and silver carp into Taihu Lake in the next few days to help rid it of algae.

Taihu Lake, bordering Zhejiang and Jiangsu Provinces, is China’s third largest freshwater lake. It is famous for being one of the most scenic lakes in the country before industrial and agricultural waste plagued the lake with algae and affected drinking water supply in 2007. Efforts to clean the lake began last year when 10 million carp were released into the lake. Continue reading

Posted in Science & Technology | 1 Comment

China’s Central Bank Governor Appointed to Top IMF Post

Feb. 25 – As a reflection of the country’s growing clout in global finance, China’s central bank governor was appointed to its highest-ever staff position in the International Monetary Fund.

The move indicates an organizational shift to give emerging nations a more active role in running the world economy. China’s central bank governor Zhu Min was appointed as special advisor to IMF managing director Dominique Strauss-Kahn yesterday. The position is the highest rank given to a Chinese citizen in the organization so far. Continue reading

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Sachin Scores Record Double Ton Against South Africa

Feb. 24 – The Maestro Sachin Tendulkar made history today, scoring the first double century ever in ODI play as India powered to 401 for 3 against South Africa in Gwalior.

The 36-year-old knocked 25 fours and three sixes to reach an inspiring 200 from just 147 deliveries, passing the previous highest score set by Pakistan’s Saeed Anwar in 1997 and Zimbabwe’s Charles Coventry last year.

Kanishkaa Balachandran, writing for Cricinfo, remarked that Tendulkar’s innings featured strokes of the highest quality. “Tendulkar was in his element, flicking off his pads and driving neatly through the off side using the pace of the ball…There was just no letting up. The short boundaries and the flat pitch were too inviting for Tendulkar.” Continue reading

Posted in Culture & History | 8 Comments

Chinese Communist Party Declares New Ethics Code

Feb. 24 – The Chinese Communist Party released a new code of ethics this week just before the start of its yearly annual National People’s Congress.

Three thousand delegates from all over the country will gather in Beijing for the annual meet.The new ethics code is part of government efforts to stamp out widespread corruption; warning party members of 52 unacceptable practices. Continue reading

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India’s Manufacturing Levels Rise at Fastest Pace in a Decade

Feb. 24 – As  evidence that India’s manufacturing industry is driving economic growth, factory output rose at its fastest pace in more than a decade at 16.8 percent in December.

The recovering economy may convince authorities to rein back fiscal stimulus measures. “We are going to see some rollback of fiscal stimulus in the 26 February federal budget,” Rahul Bajoria at Barclays Capital told the BBC. “The need to support the manufacturing sector through duty cuts is no longer there.” Continue reading

Posted in Business | Comments Off on India’s Manufacturing Levels Rise at Fastest Pace in a Decade



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