Author: RavindraSk

China and India to rule the world together   [Copy link] 中文

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Post time 2012-11-28 06:25:49 |Display all floors
Many many Indians are learning Mandarin to know more of China.
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Post time 2012-11-28 12:18:17 |Display all floors
This post was edited by RavindraSk at 2012-11-28 16:55

Dong Fang, Harbin Electric International Co; Shanghai Electric Corp; TBEA Shenyang Transformer Group, Thermax India, Bhel, Larson & Tubro and Ansaldo Caldaie India, all these Cos seek free access to combined China India market.
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Post time 2012-11-28 17:55:55 |Display all floors
The economics of our politics

Broadening the spectrum of India-China cooperation, the two nations signed seven deals  worth US$5.2 billion across the renewable energy, information technology, steel manufacturing and electric transmission lines during the second India-China strategic Dialogue, spearheaded by the Planning Commission and its Chinese counterpart National Development Reform Commission (NDRC). The delegations also signed four memorandums of understanding related to energy efficiency, railroads, information technology and their intent to conducting joint studies on “issues of mutual interest” in New Delhi.

“We must aim at a magnitude and intensity of (economic) engagement appropriate for the world’s two most populous nations,” said Planning Commission deputy chairman Montek Singh Ahluwalia giving details of the deliberations as part of India-China strategic dialogue.

Zhang Ping, Chairman of the NDRC said that the just-concluded 18th National Congress of the Communist Party of China has clearly pointed out that China will implement a more active open policy towards India. China will consolidate its strategic partnership with India with a strategic and long-term perspective to seek and push forward common interests, develop and expand space of cooperation, learn from each other’s experiences and open each other’s market.

Zhang further suggested that the two countries deepen communication and coordination of each other’s macro-economic policy, push forward cooperation in infrastructure including railway, power, telecommunications, improve investment atmosphere, carry out green economic cooperation like renewable energy, energy efficiency and environment protection.

The agreements include a plan to develop a 2,500 MW renewable energy project envisaging an investment of US$3 billion by Reliance Power and China’s Ming Yang Wind Power Group. NIIT, which has established a firm base in China and Province of Hainan will together set up an IT technology park in Hainan with an investment of US$800 million. China Development Bank will syndicate a US$2 billion (over Rs 11,000 crore) loan for Lanco Infratech’s two power projects, which will help the cash-strapped group.

The deals signed highlight a strong undertone that has silently been hitting the Indian market – China is rapidly building much-needed infrastructure in India. Domestic Indian companies are unable to keep up and offer products and equipment at a comparable cost with China. As a result, private Indian companies are flocking to Chinese companies for infrastructure products and equipment. Going by the same concept that water always flows from a higher to a lower level, Indian companies are borrowing from Chinese to meet the deficit in their funds. Therefore, Indian companies are borrowing funds from Chinese banks to fund Chinese imports of equipment needed in India. While the government isn’t worried about this growing trend, analysts are skeptical. Besides being a Beijing tried and tested move to influence international relations between the two nations – tried and tested by China across South East Asia and Africa, India’s lethargy will also seek to raise if not double the current trade deficit that seems to worry so many in Delhi and influence bilateral relations. While the funds are being borrowed according to global standards, financial guru’s feel that its high time domestic Indian companies get their houses in order both in terms of a healthy balance sheet and productivity.



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Post time 2012-11-28 17:58:18 |Display all floors

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Post time 2012-11-28 18:06:43 |Display all floors
Life of Pi – India’s lost opportunity
NOVEMBER 28, 2012


India might have missed a big opportunity in China yet again. The Bollywood crazed nation failed to entice China’s population of 1.3 billion people to journey across Incredible India through the Life of Pi. Produced and Directed by Ang Lee, the movie which showcases spectacular views of South India including the French city of Pondicherry and the phenomenal Bengal Tiger has become an overnight sensation in China. The Indian government however missed capitalizing on this opportunity to market the journey West to the Chinese – poised to become the worlds largest tourist nation by 2015.

Charismatic cinematography, stunning visual effects and a movie that touches not just the soul, but also ones imagination, the Life of Pi could have helped India market some of her little known gems to the rest of the world. In China, where the movie has gone viral, breaking box office records and raking in US$16 million in its opening weekend — more than four times the amount in India, the movie could have done wonders for the tourism industry.

A soft skill, one that New Delhi’s Tourism Ministry just caused ripples with – A huge Incredible India advertisement campaign did little to urge the Chinese tourist to visit India. Today, only 0.001 percent of Chinese travelers come to India, a majority of these for business reasons, a hairline percentage to travel around the fascinating nation. In comparison, a majority take their shopping skills and disposable incomes to Europe which promises sophistication and branded products at a lower cost than available in China.

In the past six months, India only issued 25,000 tourist visas in its Embassy in Beijing and three Consulates in Shanghai, Guangzhou and Hong Kong, suggesting that tourism figures are only in the range of 50,000 annually — 0.001 per cent of the total outbound tourism.

Chinese tour operators say demand for travel in India is low because of inadequate promotion efforts in recent years — particularly involving tour operators — and dissatisfaction with the service offered by current operators, from a lack of Chinese-speaking guides and the availability of Chinese cuisine. Hence, tourists were choosing to travel to Indonesia, Malaysia, Thailand and even Sri Lanka and Nepal instead.

“A beautiful film; India is now the most beautiful travel destination in my heart,” wrote a blogger named Beautiful Carpenter who writes on travel and fashion.

Au Xin, a DJ at Radio Guangdong, said in a message to his 45,000 followers on the Chinese Twitter equivalent Sina Weibo that what he liked about the film was director “Ang Lee’s respect and belief in Indian culture.”

Miss Ruby, a Beijing-based microblogger, added on Weibo in a message that echoed most of the online reactions that the film, which also dwells on India’s religious and cultural traditions, would “correct the prejudice and ignorance about Indian culture [in China],” while Xu Xiaohuang, an executive at an insurance company in Zhejiang, said the film was “meaningful and beautiful, and makes me want to travel to India.”

While its heart-warming to see the Chinese desire to travel to magical India rise, the Indian government has not followed suit. Movies are generally and often used by tourism ministries to promote a country – her culture, soft skills and exotic locations in a larger than life format to create a mass desire to visit the country. Much like Bolloywood film Zindagi Na Milegi Dobara generated an Indian furore to travel to Spain, both the hugely popular 3 idiots and Life of Pi could have done the same for India.



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Post time 2012-11-28 18:07:52 |Display all floors

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Post time 2012-11-29 11:03:04 |Display all floors
India, China firms sign deals
New Delhi: Indian and Chinese companies signed agreements on Monday worth billions of dollars as the two emerging market giants sought to broaden commercial ties.

The deals inked in New Delhi during the countries' second strategic economic dialogue included plans for investments in clean energy, infrastructure, electric power, steel and other projects.

"We must aim at a magnitude and intensity of (economic) engagement appropriate for the world's two most populous nations," said Montek Singh Ahluwalia, one of India's most powerful government figures who led the Indian side at the talks.



"It is only through larger mutual investments that we can take the India-China economic cooperation to a higher level," Ahluwalia, deputy chairman of India's economic planning commission, told reporters.

The agreements included a plan to develop renewable energy projects envisaging an investment of $3 billion by India's Reliance Power and China's Ming Yang Wind Power Group, a leading wind turbine manufacturer.

India's debt-laden Lanco Infratech said the state-run China Development Bank would arrange $2 billion worth of loans for its two power projects.

India and China are major trading partners with bilateral trade totalling $75 billion with the two countries targeting a goal of $100 billion by 2015.

At the government-to-government level, India signed an agreement with China to explore cooperation in modernising the dilapidated, more than century-old Indian railway system.

There was no immediate comment from the Chinese side but Ahluwalia said the view "emanating from the Chinese side is that they would also like a deepening of economic cooperation".

He said the large Chinese delegation, which had 180 members, indicated "how serious they are" about improving economic ties.

The economic dialogue emerged from a visit by outgoing Chinese Premier Wen Jiabao to India in December 2010.

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