Thursday, April 17, 2014

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.



Shipping & Logistics

Indonesia to Overhaul its Transport Infrastructure

May 24 – The Indonesian government has announced plans to overhaul their unreliable transport system. The ambitious plans will cost more than US$110 billion to upgrade Indonesia’s railways, roads, airports and seaports. The current state of the transport infrastructure threatens to choke growth, with prices rising and waiting times extending.

“The [Indonesian] government recognizes that lagging infrastructure, underdeveloped inter-island connectivity, and an inefficient logistics system are among key constraints on achieving its target of higher growth, faster poverty reduction, and lower inflation,” according to a recent report by the Asian Development Bank. Continue reading

Posted in Business, Featured, Shipping & Logistics | Tagged , , , | 1 Comment

Beijing Demands India and Vietnam Stop Oil Joint Venture in South China Sea

Sept. 16 – China, seemingly forgetting its policy of non-interference in other states’ affairs, has begun a public dialogue with India objecting to an agreement signed between India’s state-owned Oil and Natural Gas Corporation (ONGC) Videsh Limited and Vietnam’s Petro Vietnam for oil and gas exploration in the South China Sea.

Petro Vietnam has entered into a joint venture with India’s ONGC to develop Blocks 127 and 128 after ONGC bought BP’s assets in the project in 2006. However, China is claiming all of the South China Sea as its “indisputable sovereignty,” a position that would take China’s territory right up to the Vietnamese coastline. Continue reading

Posted in Business, Energy, Featured, Foreign Trade, Mining, Politics, Shipping & Logistics | 7 Comments

New Freighter Service Links China, Russia and Japan

Aug. 23 – The launching ceremony for a new shipping and trucking route linking northeast China’s Hunchun City in Jilin Province and Japan’s Niigata via the Russian port of Zarubino was held at Niigata harbor on August 18.

This is the first international freight line in northeast China that crosses over the Sea of Japan and reaches Japan’s west coast, marking an important step in international cooperation between northeast China, the Sea of Japan-basin economic sphere and the Russia’s Far East region, Chinese state media reported. Continue reading

Posted in Featured, Foreign Trade, Markets, Shipping & Logistics | Leave a comment

Amazon Eyes India’s Online Market

By Vivian Ni

Jul. 28 – The boom in India’s electronic commerce market, together with the recent relaxation in investment regulations for foreign retailers, has tempted the world’s largest retailer Amazon to enter the populous market. Currently in the process of staff recruitment and partnership negotiations, the Seattle-based company may start operations in India as early as the first quarter of next year, says a report by the Times of India (ToI).

It is reported that Amazon has already hired several key figures for its Indian team and its human resource representative also posted recruitment advertisements on Twitter last month. It may be looking to build a team of over 200 people, and the hiring will be conducted mainly in the southern Indian cities of Chennai, Bangalore and Hyderabad. Continue reading

Posted in Business, Featured, Markets, Shipping & Logistics | Leave a comment

Tibet Completes First Expressway Connecting Lhasa to Airport

Jul. 18 – Leading a delegation of officials from China’s central government, Vice President Xi Jinping arrived in the Tibetan capital of Lhasa yesterday to attend the opening ceremony of the region’s first expressway.

With a length of 38.7 kilometers, the new four-lane highway will link Gonggar Airport to downtown Lhasa – reducing the travel time from the airport to downtown Lhasa to just 30 minutes. The construction of the expressway started in April 2009 and was finished earlier this month, 11 months ahead of schedule. Continue reading

Posted in Aviation, Culture & History, Featured, Politics, Shipping & Logistics | Comments Off

China’s Beijing-Shanghai High-speed Rail Breaks Down, Again

By Lena Xia

Jul. 14 – While China’s high-speed rail line connecting Shanghai and Beijing has not even been opened two weeks, the much-hyped bullet train has already been shut down three times due to power failures, leaving thousands of passengers stranded for up to several hours.

Yesterday, the G114 train left Shanghai at 9:05 a.m. but made an unscheduled stop at Changzhou in Jiangsu Province an hour later. The train stopped again at Zhenjiang at 11:34 a.m. after it restarted and the passengers were told to board a backup train. The entire trip was two and a half hours behind schedule. Continue reading

Posted in Culture & History, Featured, Science & Technology, Shipping & Logistics, Technology | 1 Comment

Mongolia Expels Hundreds of Chinese Truck Drivers

Jun. 17 – 2point6billion.com has unconfirmed reports from Mongolia’s South Gobi region, home to much of the nation’s mining industry, that hundreds of Chinese truck drivers have been turned back to the China border.

There has been no official commentary on the issue, however we understand that it is linked to three main aspects concerning cross border transport and China-Mongolia relations. At the heart of the matter is the current status of both nations concerning their recognition of cross border transport protocols as determined by the international organization Transports Internationaux Routiers (TIR). Continue reading

Posted in Automotive, Culture & History, Featured, Foreign Trade, Shipping & Logistics | 4 Comments




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