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Fe. 9 – The Indian Prime Minister’s Office has ordered the Power Ministry to propose a back-up plan to guarantee an adequate support mechanism for Chinese power generation equipment sold to India.
India will be using Chinese power equipment to generate 21,519 MW of capacity while orders for another batch of 14,000 MW capacity equipment have been placed for future projects. There have been questions raised on the reliability and quality of Chinese-made power generation equipment. » Read rest of the article
Feb. 9 – Indian domestic passenger car sales increased 32.28 percent to reach 145,905 units in January from 110,300 units during the same period last year, based on figures provided by the Society of Indian Automobile Manufacturers (SIAM).
Motorcycle sales in January also increased by 43.69 percent to 650,633 units, compared with 452,809 units in the corresponding month last year. Two-wheeler sales also increased by 43.43 percent to 834,383 units from 581,729 units in January last year. » Read rest of the article
Feb. 9 – China’s National Social Security Fund may invest some of its more than US$100 billion worth of funds in India, according to its chairman.
Chinese National Council for Social Security Fund Chairman Dai Xianglong said during the DSP Merrill Lynch India Investor Conference held in New Delhi: “By the end of 2009, the total amount of China’s National Social Security Fund has exceeded US$100 billion and a part of it may also be invested overseas, including in India.” » Read rest of the article
Feb. 9 – Taiwan has approved plans to build a bridge from the Taiwan-held Kinmen group of islands to the mainland reflecting improving relations between the two.
The 5.3 kilometer bridge will begin in Kinmen proper spanning to neighboring Little Kinmen and the mainland at a total cost of US$178 million when it is finished in 2016. The area was once the site of the Battle of the Taiwan Strait which left 439 Taiwanese soldiers dead and 1,870 injured when Chinese military heavily bombarded the islands 60 years ago.
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Feb. 8 – India has offered to hold high level talks in all outstanding issues with Pakistan, the latest one since the Mumbai attacks in 2008.
The venue, agenda and time of the talks are still pending negotiations between the two. The meeting is expected ease tension in the region and particularly help American efforts to stabilize Afghanistan. » Read rest of the article
Feb. 5 – The Mongolian government is rethinking its strategy of allowing foreign investors to bid for major stakes in coal projects as it canceled an auction for its Tavan Tolgoi coal mine.
Prime Minister Sükhbaataryn Batbold prefers the Tavan Tolgoi coal mine to be 100 percent Mongolian-owned rather than selling a 49 percent stake to foreign investors a government spokesperson told Reuters. Possibly, this could be through a mining contract or a production-sharing arrangement that retains full ownership to the state. » Read rest of the article
Feb. 4 – India and New Zealand began talks on a free trade agreement last week with the aim of eliminating trade barriers.
India is New Zealand’s 13th largest export market with New Zealand exports to India increasing in the past two years on the strength its coal sales and reaching US$442 million in 2009, an increase of 16 percent. The island country’s exports to India include coal, hides, timber and wool. On the other hand, India sold US$245 million worth of goods to New Zealand, 7.8 percent higher than the previous year. » Read rest of the article
Feb. 3 – The United Kingdom has temporarily stopped issuing student visas in Chandigarh, Jalandhar and Delhi beginning February 1 after a sudden influx of applications in 2009.
Authorities suspect the visas are being abused as a way to illegally enter the country. From October to December last year, 13,500 applications were submitted – an unusually high number compared to 1,800 and 1,200 applications received in 2008 and 2007 for the same period. » Read rest of the article
Feb. 3 – China has promised to cancel 80 percent of Iraq’s debt or US$6.8 billion in a recent bilateral agreement signed by the two.
Iraq owes China US$8.5 billion in Saddam Hussein-era debt. Last year, China and Iraq finalized trade deals worth US$3.8 billion. Iraq’s Finance Minister Bayan Jabr said in a statement that the the write-off “will enhance economic cooperation between the two friendly countries.” » Read rest of the article
Feb. 2 – A senior Chinese official told the Dalai Lama’s envoys that China’s sovereignty over Tibet was inviolable with “no room for discussion, no room for compromise” on territorial issues.
The head of a government department in charge of the talks, Du Qinglin’s statement indicates that Beijing remains unwavering on its stance on Tibet after talks with the Dalai Lama’s envoys in Beijing over the weekend. In 2008, the envoys proposed a plan that sought to grant Tibetans greater autonomy under the Chinese constitution. » Read rest of the article
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