Apr. 29 – China has reportedly agreed to construct and supply two new 650-megawatt civilian nuclear reactors in Pakistan’s Punjab Province, according to the Financial Times.
The two new reactors will be built in the city of Chashma, where China began constructing nuclear reactors in 1991 and 2005, with the latter set to be completed as early as next year. Continue reading
Apr. 29 – Paul White’s excellent monthly report on North Korea is now available with this issue covering the connection of the Rajin Port with Russia’s rail network and the proposed development of the Rajin Special Economic Zone with Russian funding. It also reports on the increase of DPRK trade with China, which hit a record US$300 million for the first two months of 2010.
India’s Global Steel Holdings and their talks in Pyongyang regarding the Musan Iron Ore mines is also covered in the report. The Indian company is interested in taking a stake in the North Korean company, whose deposits are valued at US$1.5 trillion. Continue reading
Apr. 29 – Asia Briefing launched Russia Briefing, a new business web site concerning foreign direct investment into Russia, together with the new, quarterly Russia Briefing Magazine today.
The publishing house, responsible for the business brands China Briefing, India Briefing and Vietnam Briefing, has now “cornered three of the four BRICs” according to Publisher Chris Devonshire-Ellis, who started the publications and media company some 11 years ago.
“From our initial beginnings as a free monthly print China business magazine, it gives me great pleasure to continue our expansion into international markets,” says Devonshire-Ellis.
“Along with our popular China Briefing and India Briefing titles, Russia provides us with a third BRIC nation as an emerging market and effectively covers us from Shanghai in East Asia to St. Petersburg in Europe.” Continue reading
Apr. 28 – Blair Pickerell, head of Morgan Stanley’s Asia Investment Management, criticized the performances of both China and India at the Fund Forum Asia event in Hong Kong last week. Stating that global fund managers are reviewing plans in China and India, he said that slowing sales and high costs are curbing expansion in the world’s two most populous countries.
“I hear from quite a few companies that they’re reconsidering their involvement in India, and there’s no doubt that a fair number of firms which entered China are scratching their heads about what to do next while those that have yet to go in are also trying to choose the right approach,” Pickerell said. Continue reading
Apr. 28 – Bhutan hosts the South Asian Association for Regional Cooperation (SAARC) summit today, with leaders of the group converging in the capital of Thimpu. SAARC is a regional body that promotes cooperation and investment in South Asia and includes the nations of Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. China has observer status.
“The winds of change are blowing across the world. South Asia cannot be immune to the trend of greater integration, both at the regional and global levels,” said Indian Prime Minister Manmohan Singh. He said that the Summit would provide the countries of the region an opportunity to collectively reflect on “where we are, what more we can do together to meet the developmental aspirations of our people, and how South Asia can play its rightful role in the international arena.” Singh further commented that he was looking forward to holding bilateral discussions with his Bhutanese counterpart Jigmi Y. Thinley. Continue reading
By Christian Fleming
Apr. 27 – While still a long way off from challenging the United States as the predominant world naval power, China’s modernized People’s Liberation Army Navy (PLAN) is beginning to take a more assertive role in an expanding theater of operations.
Previously content on patrolling coastal waters and preparing for an armed conflict with Taiwan, China now has a naval presence all along commercial sea routes to the Middle East and has stepped up military operations in the contested waters of the East and South China Seas. Continue reading
Apr. 27 – India has apparently blocked an attempt by China to obtain membership in the South Asian Association for Regional Co-Operation (SAARC). China currently has observer status, but an attempt by member-nation Nepal to upgrade China to full status has been blocked through Indian lobbying. The move comes following moves by China to block ADB loans and other financing for projects along India’s border regions.
“A fresh entry into SAARC? I am afraid not. We have eight members and that is the way it is going to stay,” Indian Foreign Secretary Nirupama Rao commented in Delhi on Friday. SAARC has been dominated by India since its formation in 1985. Continue reading