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.
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
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
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
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
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
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
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
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
