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Investment News and Commentary from Emerging Markets in Asia - China, India and ASEAN




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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: July 2012

Beijing Floods Leave Chinese Government with Credibility Crisis

Jul. 27 – In the aftermath of the worst rainstorm to hit China’s capital in the last six decades, there has been widespread anger against the Chinese government, which is accused of censoring the death toll. The death toll was previously reported to be 37, however, after a public outcry, Chinese authorities increased this number to 77 after claiming that mudslides made investigation and verification difficult.

The rainstorms affected nearly 2 million people and caused approximately US$1.6 billion in damage, according to China’s state-run news outlet Xinhua. The worst hit area was Beijing’s Fangshan District, a rural community on the city’s mountainous outskirts. Officials reported that 38 people died in this district, yet residents who compiled their own toll online claimed that this number was closer to 300. Continue reading

Posted in Culture & History, Politics | Tagged , , , | 4 Comments

China-India Rivalry to Take Backstage at London Olympics

By Ian Bhullar

Jul. 27 – The nations of the world converge on Marshgate Lane, Stratford, today to begin the 2012 Summer Olympic Games. Between the two rising Asian powers of China and India, there can be little doubt which country’s team will emerge with more glittering medallions. Admittedly enjoying the benefit of competing on their home turf, China garnered a total of 100 medals in Beijing 2008, of which 51 were gold. By contrast, India took home 3. Continue reading

Posted in Culture & History | Tagged , , , | 3 Comments

CNOOC to Buy Canadian Oil Company in US$15 Billion Deal

Jul. 26 – China’s third-largest oil company, the China National Offshore Oil Corporation (CNOOC), has agreed to pay US$15.1 billion in cash to acquire the Canadian oil company Nexen Inc. If this deal is successful, it will be the largest overseas takeover by a Chinese company. CNOOC is offering US$27.50 a share, which is a 61 percent premium on Nexen’s Friday stock price.

“For Canada, this agreement provides a stable source of investment for the many projects that Nexen operates,” said CNOOC Chief Executive Li Fanrong. Continue reading

Posted in Business, Energy, Foreign Trade, Politics | 2 Comments

China Stations Troops on Disputed Island in South China Sea

Jul. 24 – According to the state-run Xinhua news agency, China’s most powerful military body, the Central Military Commission, has dispatched soldiers from the People’s Liberation Army to guard disputed islands in the South China Sea (SCS). The soldiers will be based in Sansha City on Woody Island (also known as Yongxing Island), and will provide security for the Spratly and Paracel islands, Macclesfield Bank, and their surrounding waters. Xinhua also reported that the residents living on the islands elected a mayor and 45 legislators over the weekend.

“[The troops] will be responsible for managing the city’s national defense mobilization, military reserves and carrying out military operations,” China announced on its defense ministry website. Continue reading

Posted in Culture & History, Politics | Tagged , , , , , , , , , | 4 Comments

Connect with 2point6billion.com through Our Social Media Channels!

Jul. 24 – For greater access to our publications, and for the latest trending news, photos and videos about China, India and emerging Asia, we invite our readers to follow us on Twitter, Facebook and LinkedIn!

As Asia increasingly becomes the central arena of economic and political contest, instant, up-to-date news broadcasts will become ever more important. By following us on Twitter, you will have instant access to the latest geopolitical updates and trending news about China, India and emerging Asia. Continue reading

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Myanmar’s Stateless

There are 2 million stateless persons scattered across Myanmar and an estimated 400,000 of them are of Indian origin. As India participates in Myanmar’s rejuvenation, can it also use effective diplomacy to advance minority rights in the country?

By Venessa Parekh

Jul. 23 – Even as the world smiles benignly at the democratic opening up of Myanmar and the extended foreign tour of its Leader of the Opposition, Aung San Suu Kyi, the country’s complex domestic dynamic, hidden for years, has surfaced. The spillover of the sectarian violence that began in early June has simultaneously exposed the difficulties of democratization and the plight of Myanmar’s many underprivileged ethnic minorities. Continue reading

Posted in Culture & History | Tagged , , , , , | Comments Off on Myanmar’s Stateless

Report: China and India in McKinsey Labor Report

By Joshua Gill

Jul. 20 – A June 2012 report from the McKinsey Global Institute entitled “The World at Work: Jobs, Pay, and Skills for 3.5 Billion People” details the dramatic long-term shifts in the demographics and occupations of people in the world and forecasts trends set to take place over the next 20 years.

For short-term predictions, it summarizes its findings in three points that it predicts will be present in 2020:

  1. A potential shortage of about 38 million to 40 million high-skill workers
  2. A potential surplus of 90 million to 95 million low-skill workers around the world
  3. A potential shortage of nearly 45 million medium-skill workers in developing economies Continue reading
Posted in Business | Tagged , , | 2 Comments



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