To learn Mandarin Chinese email learnchinese@inchincloser.com or call / whatsapp on +91 98700 90966 | REGISTER NOW
Close

You are here: Home - 2014

2014

  • ximodiChina’s president Xi Jinping visited Indian Prime Minister Narendra Modi on his home turf to strengthen bilateral relations and augment trade and investments between the two countries. While the ensuing border dispute was on the agenda, simultaneous incursions, and nonchalance by visiting Chinese delegations both before and after the Presidents visit numbed down the issue for India.

    The border wasn’t the only moot point between the neighbours, strangely just a week before President Xi’s visit, the Chinese Ambassador to India, was suddenly and unceremoniously asked to return home. While the readjustment within the cadre has sent diplomatic rumour mills on fire, it did stoke nerves of distrust amongst the sweet and sour neighbours.

    Nonetheless, on the outset, China – India relations blossomed. The two nations signed 16 agreements in Delhi (for the full list click here), one of which will see China investing US$20 billion (£12.2billion) in India’s infrastructure over five years. Landmark agreements were also signed to realign India’s railway system on modern lines and build atleast two Special Economic Zones exclusively for Chinese companies to manufacture and export from. Other deals were also signed in the pharmaceuticals and farm products space as well as increasing co-operation in trade, space exploration and civil nuclear energy. Softer issues were also touched upon and signals were given for boosting language and cultural ties between the people.

    Read more

  • land reformA small yet highly significant Chinese delegation of six members led by Vice minister Xia Yong came to New Delhi last week to understand India’s rural reforms policy with special focus land reforms leading to greater land rights for farmers, the reform of the household registration system,  which is outlined in the governments 60-point reform agenda

    Land reforms which have been high on President Xi Jinping’s agenda are one of the major issues that Beijing has decided to focus on this year. With the number of rural migrants moving to cities on the rise, infrastructure and basic resources are being strained. It is estimated that every year, 20 million Chinese move into cities. That is 1.8 million a month, the equivalent of the cities of Hamburg or Vienna. As a result, sosts for basic amenities have already gone up and Beijing recognizes land reforms as a priority now.

    According to the Times of India, the Chinese delegation met with Additional secretary of the Legislative department Mr. Sanjay Singh to learn how land ownership rights are regulated in India, including compensation paid on land acquisition, and the Indian government’s rehabilitation and resettlement policies.

    Read more

  • xi modiTo boost Sino-Indian relations, Chinese foreign minister Wang Yi will visit India on June 8 to meet Prime Minister Narendra Modi. The visit is to be followed by President Xi Jinping who is expected to be in New Delhi in November. The last Chinese head of state to visit India was Primer Li Keqiang in 2012. Going by the growth trajectory, China’s expectation from India’s newly sworn in government and the deals that were initiated in 2012, the president’s visit will promulgate China-India ties to a new crescendo.

    While their political ascent is drastically diverse – one a princeling, another an ordinary tea seller to prime minister, the hope is that Xi Jinping and Modi’s meeting will signal better days for our bilateral relations. On the cards are rising exports, consolidating their stance during international and regional meetings and coming to an agreement on the contentious border issue.

    The stakes are high. both governments have a vested stake to bring to the table. Many Indian companies including the Reliance group and Adani Power who have grown up in Modi’s backyard are indebted to the Chinese, further, as the Chinese economy stagnates, India is a highly lucrative market to invest in. How each goes about it and which interests are held will only be laid out when Xi and Modi meet in November, later this year.

    Read more

  • Indias new power circleIndias new Prime Minister Mr. Narendra Modi was sworn in on 26th May, 2014. As the 15th Prime Minister of the democratic, republic of India. As a man who has risen from a humble back ground, Mr. Modi is India’s first Prime Minister to be born after Indian independence from the British in 1947.

    Mr. Modi’s political ascent has been powerful and courageous. While he is reputed for transforming the Western state of Gujarat from an agricultural state to one of modern technology and manufacturing he is also accused in the Gujarat communal riots of 2002, where hundreds of innocent people lost their lives.

    Mr. Modi, who won by a sweeping majority has taken control of 282 seats in India’s lower house. Political analysts who expected this change, have attributed his success also to the fall of the Congress government which had held power in India since the past decade. Tired of being controlled by one political party, a lack of progressive policies and flax decision making coupled with high costs and a plunging economy, more than 800 million Indians voted for change. In a multi-part election process that is now the world’s largest democratic exercise, Indians collectively and decisively voted for better governance, and now that Mr. Modi has won majority power, he will need to deliver on his election promises.

    Read more

  • ENERGYRussia and China signed a historic deal today, marking not only US$400 billion for a 30 year gas deal, but more importantly altering the way the world will work international relations in the years to come. Furthermore, the deal was signed even as China was locked in a tense standoff with Vietnam over a Chinese oil rig drilling in the contested South China Sea.

    Just over 40 years ago Richard Nixon and Henry Kissinger persuaded China to turn against the Soviet Union and ally with America. Today, Russia’s move to guarantee China with energy marks a strong alliance between the formerly communist states which are Asia’s largest nations. The tectonic shift East and strategic alliance between China and Russia not only demonstrates who will be calling the shots in international politics but also smartly sidelines the USA who has been a dominant force between China and Russia.

    Next stop, India. Russia an old ally of India, is expected to sign a mega oil deal with a National Indian Oil company to secure energy for India. According to a Reuters report, Rosneft, the world’s top listed oil producer by output, may join forces with Indian state-run Oil and Natural Gas Corp to supply oil to India over the long term. Russia also has plans to triple oil flows to China to over 1 million barrels per day in coming years.

    Read more

  • jack maIts been the summer for Chinese IPO’s. Led by their stalwart Alibaba who recently listed in New York, 54 Chinese companies listed across 15 bourses raising more than US$29.8 billion as compared to US$1.93 billion raised during the same time a year ago. While a majority – 29 companies listed on domestic exchanges in Shanghai and Shenzen raising US$2.4 billion, the remaining 25 companies listed overseas including markets – New York, London, Hong Kong, Singapore, Frankfurt and Tokyo. nike goedkoop In September this year, Alibaba, China’s e commerce giant who changed global trade and made China the factory of the world, listed on the NASDAQ, raising US$25 billion. air max pas cher Trading under the ticker BABA, priced at US$68 per share, the Hangzhou based company led by Tai Chi enthusiast Jack Ma, surpassed the 2010 offering from the Agricultural Bank of China, which raised US$22.1 billion in it debut on the Hong Kong Stock Exchange. kanken fjallraven soldes Of the biggest IPOs in history by cash raised, the top three are now all from mainland Chinese companies, with Chinese lender ICBC in third place, while AIA – the Hong Kong-listed insurer – is in fourth, according to data from Thomson Reuters.The company not only raised the bar for Chinese companies already seeking capital internationally, but also raised the stakes for entrepreneurs in China – a budding lot. Read more

  • Modi_WangOn a special mission sent by President Xi Jinping, Chinese Foreign Minister Wang Yi met newly sworn in Indian Prime Minister Narendra Modi to Inch Closer. fjallraven kanken backpacks One of the first strategic diplomatic meetings for Mr. Modi after taking office on the 26th of May, Beijing made sure that they made their mark on 7 Race Course Road, the official address of the Indian prime minister. At a time when Mr. Modi has already met SAARC leaders and expressed interest in meeting US president Obama and Japan’s Premier Shinzo Abe, Beijing is keeping a close eye on the man they have honed for so long. Chinese Premier Li Keqiang was the first foreign Head of Government to call Mr. air max pas cher Modi to convey his congratulations after he took over as Prime Minister. After the meeting Mr. Modi commented that China is always a “priority” in India’s foreign policy and welcomed greater economic engagement between the two countries. On a two day visit to New Delhi, Mr. new balance 999 homme blanche Wang Yi, initially met with India’s first female External Affairs Minister Sushma Swaraj where he discussed finer points of the Border Defence Cooperation Agreement, India’s sinking trade deficit with China which is expected to be solved with the Middle Kingdom assisting in the establishment of SEZ’s which will prove to be manufacturing powerhouses and export gold mines as well as final chinks in the Chinese President’s impending trip proposed this November. Air Max Goedkoop Nonetheless, before that Xi and Modi will have an opportunity to meet during the next BRICS (Brazil, Russia, India, China and South Africa) Summit to be held in Brazil this July. Kanken No.2 Read more

  • TATA GROUP PHOTO img-Y26135148-0001Mesmerized by the tale of the Tatas bilateral relationship with a city that was once known as the Paris of the East Inchin Closer explores a personal story, which highlights scintillating Shanghai during an era of change. The 1930-40’s were a time when the two neighbours were at the height of their glory, just before Indian Independence in 1947 and the formation of the People’s Republic of China in 1949, it was a time when trade was booming and India and China each sought new identities for a modern era.

    In an exclusive interview with Inchin Closer, author Mishi Saran delves deeper into her story – “A House for Mr. Tata – An Old Shanghai Tale,” published recently in an anthology, Travelling In, Travelling Out – A book of unexpected Journeys; edited by Namita Gokhale. (HarperCollins India, January 2014)

    Ms. Saran’s story weaves back to when Bejan Dadabhoy Tata, a distant cousin of the founders of the House of Tata, left India’s shores and made it big in Shanghai.  Her detailed pen swerves through the history of a nation in flux to stitch together the personal tale of a man who succeeded and built his home in China. By bringing to life intricate details through a first hand interview with B.D. Tata’s son, Jehangir Bejan Tata, just before he passed away last November, Ms. Saran unveils the family’s struggle to prove ownership of their house – Avan Villa — which their father built and remnants of which continue to stand in the heart of modern day Shanghai at No. 458 Wulumuqi North Road.

    Although Jehangir Bejan Tata tried persistently to retrieve papers to prove ownership of their house over the past few decades, the exercise has proved futile. Besides some documents, the family also has photos of the house, of Shanghai in the 1940’s and pieces of their life in Sam Tata’s photos. Sam Tata, Jehangir Bejan Tata’s brother, was a photographer and had worked alongside Henri Cartier-Bresson, a master of candid photography and one of the world’s most renowned photojournalists. Sam Tata published a book of his photos taken during Shanghai’s extraordinary summer in 1949 and called it Shanghai 1949, The End of An Era.

    In addition to detailing the Tata family’s ongoing struggle to obtain proof of their original ownership of Avan Villa, Ms. Saran’s tale also signals the presence of a Zoroastrian prayer hall and cemetery in Shanghai. On a request from Inchin Closer, she dug out an ancient map of the city, showing exactly where these relics stand and also sent in photos of their existence today.

    The unveiling of this story brings to life many interesting facts, anecdotes and tales of a rich, shared Inchin history. Read on for a detailed interview with the author Ms. Mishi Saran

    Read more

  • Premier Li in IndiaAll of a sudden, there is a flurry within Chinese business and diplomatic circles present in India. Nike Air Max 90 Hyperfuse Heren A sense of urgency prevails, to get things moving, paperwork pushed and machines brought in, companies established and capital pumped in, associations formed and collaborations sealed. Nike Air Max 90 Honeycomb Dame The Chinese within India have jumped into action and want things done in double time. They finally want to see results. Nike Air Max 90 BR Heren As India’s new Prime Minister gets sworn in today, many Chinese companies are going all guns to make their mark on the Indian subcontinent. Nike Air Max 90 Dames Chinese companies who have up until now sat quietly on the sidelines speculating about where to invest are now swooping into the country to strike it rich. As China’s GDP falls from her supersonic highs, and the economy stagnates as inflation balloons, Chinese companies are looking beyond their comfort zone of South East Asia – which they’ve already explored and are now bolstered with cash to invest further afar. India is a prime target and Chinese companies already in India have crunched their numbers long before Modi said – I do. Air Max Tailwind 7 Goedkoop Read more

  • india_china_talks-660_042413092442In order to cement its role in smoothing India-China relations, the Indian National Congress  facilitated a high level meeting between Indian Foreign secretary Sujatha Singh and her counterpart vice foreign minister Liu Zhenmin in Beijing for the sixth round of strategic dialogue last week. Besides deepening trade and economic ties, the foreign secretaries also chalked out the path ahead by reaffirming their alliance and bilateral commitment to each other.

    An important decision declared during the meeting was China’s rejection of India’s proposal to establish a Consulate in Lhasa, Tibet. As a reciprocal move New Delhi has refused China permission to set up a consulate in Kolkata. India will now plan to establish another office in Chengdu, Sichuan Province or Kunming, Yunnan Province. She had earlier also considered a consulate or trade office in Xinjiang Uyghur Autonomous Region.

    Furthermore, prior to President Xi Jinping’s visit to India later this year, both sides also held intensive consultations on bilateral, regional and international issues including the contentious border, India’s ballooning trade deficit, the proposed special economic zones and plans for this years events during the Year of India-China Friendly Exchanges

Back to top