Dec. 31 – The latest issue of DPRK Business Monthly is now available for complimentary download.
This issue looks at the recently signed 50-year investment pact signed between North Korea and China as well as an NGO initiative in the DPRK undertaken by the Hans Seidel Foundation (Christian Social Union – Germany).
Also included in this issue is an article about a magazine “secretly published by North Korean journalists.” The magazine, Rimjin-gang, was launched in 2007 and is edited in Seoul by North Korean defector Choi Jin-i. Continue reading
Dec. 30 – China’s largest oil and gas producer and supplier China National Petroleum Corporation (CNPC) is approaching India’s state-run Oil & Natural Gas Corporation (ONGC) to obtain access to India’s non-renewable energy sector.
A government official requesting anonymity told The Economic Times that CNPC executives are planning to visit India by February to negotiate on the collaboration between the two energy magnates.
Dec. 29 – Brazil, Russia, India and China—also known as the four BRIC economies—now have another partner. At China’s request, South Africa will attend the upcoming BRIC summit in early 2011 where, among other things, the group will be renamed the “BRICS.”
South African Foreign Minister Maite Nkoana-Mashabane said China invited South Africa to join the group, whose current members will account for 61 percent of global growth in 2014, according to research by the International Monetary Fund. Continue reading
Dec. 28 – India failed to put a communications satellite into orbit when the unmanned Geosynchronous Satellite Launch Vehicle (GSLV) exploded less than one minute after launch at 4:05 p.m. local time on December 25. Experts warned on Sunday the failure will likely slow down India’s steps into the global commercial satellite launch market.
The rocket went out of control 47 seconds after the launch before blowing up at an altitude of about eight kilometers over the Bay of Bengal, due to the unexpectedly increased pressure on the GSLV brought by the change of flight angle. The rocket launch was already postponed once from the scheduled December 20 to December 25, given a detected problem on the low-temperature engine. Continue reading
Dec. 27 – Following a ban on the use of foreign words in TV in May, the Chinese government’s publishing authority announced last week that it has banned the use of foreign words in Chinese newspapers, books and web sites, citing continued concern that the “purity” of the language remains in jeopardy.
Such practices “severely damaged the standard and purity of the Chinese language and disrupted the harmonious and healthy language and cultural environment, causing negative social impacts,” the General Administration of Press and Publication (GAPP) said on its web site. Continue reading
Complimentary 25 page China-India Development Report now available for download
Dec. 23 – 2point6billion.com has just released its 2011 China-India Development Report, written by Chris Devonshire-Ellis and containing a series of essays and commentary on the development and repositioning of each of these huge countries. Containing the latest in demographics and available trade figures, the report looks at the perceived progression of the Indian market in particular and how this is being impacted by an increase in China overheads and the development of wealth creation within China’s own consumer market. Continue reading
Dec. 21 – In recent years, China and India have emerged not only as leaders of the global manufacturing cycle, but also as the chief drivers of global growth. Some analysts fear, however, that their rapid pace may soon lead to exhaustion, and that the once rapidly growing economies will serve as incubators for the next financial shockwave.
In Asia, industrial production is running significantly above long-term trends and inflation is kicking in sooner than expected, cautions Societe Generale’s chief Asian economist Glenn Maguire. Continue reading