'Calls to boycott Chinese goods in India won't have political effect

October 20, 2016

Beijing, Oct 20: A campaign to boycott Chinese goods in India due to differences over India's bid for NSG membership and UN ban on JeM chief Masood Azhar will not have much "political effect" and will fail to "fundamentally change the bilateral trade ties, state-run Chinese media said today.china-products

Quoting Indian media reports, an article in the state-run Global Times said that "some politicians and citizens in India have recently launched campaigns to boycott Chinese products".

"They blame China for India's failure to enter the Nuclear Suppliers Group (NSG), and for Beijing blocking India's UN bid on sanctioning a commander in Lashkar-e-Taiba, a Pakistan-based military group.

"Beijing and New Delhi are currently negotiating about these two issues and it is believed that mutual understanding will be reached eventually," said the article written by Liu Xiaoxue, an associate research fellow at the Institute of Asia-Pacific Studies at the Chinese Academy of Social Sciences said.

India is seeking a UN ban on Azhar, chief of Pakistan-based Jaish-e-Muhammad (JeM) which has been blamed for the January 2 Pathankot attack.

Scuttling India's move, China has recently put a second technical hold on Azhar's UN ban issue.

Underlining that Sino-Indian relationship has always been "haunted" by border disputes and China's ties with Pakistan, the article, said, "However, the two sides have long realised that setting aside divergences is beneficial for both sides' overall development than being hostile to each other."

"...A boycott of Chinese goods will not only result in little of the political effect that people who initiated the movement would like to see, but will also fail to fundamentally change India's current trade ties with China. In the end, it will be nothing more than a tiny incident," it said.

Referring to improvement in India-China political ties since the visit of former prime minister Rajiv Gandhi in 1988, the daily said economic and trade ties have also been boosted following which China has become India's largest trading partner since 2013.

"Of course, apart from political issues, some economic factors have also disrupted Sino-Indian trade development. Unresolved problems between the two nations sometimes influence their political mutual trust and have led to the non-tariff barriers in India against Chinese capital and products, such as security checks in major projects in the fields of defence, telecommunications, Internet and transportation," it said.

On the growing trade deficit, the daily said, "Economically, India has unbalanced trade ties with China. The increasing trade deficit with China has been irritating New Delhi. India's trade deficit with China jumped to USD 51.45 billion in 2015."

"As a country with a long-term account deficit which faces balance of payments problems, India is always vigilant against trade deficits. Chinese products can hence be easily turned into the target of India's anti-dumping sanctions," it said.

"After Indian Prime Minister Narendra Modi started promoting the slogan 'Make in India', some of the country's media and citizens have tended to hype up the substantial quantities of made-in-China balloons, coloured lanterns and ribbons that always appear in the nation's Hindu spring festival by asking, 'should our valuable foreign currency be wasted on these products?' or 'Are Indian manufacturing industries too backward to produce those goods?" it said.

"However, for consumers, attractive goods with a reasonable price are naturally their first option. Moreover, the merchandise, which is mentioned by Indian media all the time, is only a small part of Chinese exports to India," the daily said.

"Being a major exporter of high-tech goods, today's China mainly exports high-tech products to India, including electrical equipment, telecommunications equipment, train locomotives, computers and telephones. These are all necessary for India's economic development and its people's everyday lives," it said.

"Will Indian people answer the call of boycott? How long can the campaign last? What specific influence will it have on Sino-Indian trade relations? Even the Indian media pushing for a ban does not have the answers," the daily said.

"It is believed that after this round of patriotic passion, businessmen and consumers in India will make a rational choice," it said.

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News Network
February 21,2020

Washington, Feb 21: US President Donald Trump has made yet another tall claim about the size of the crowd that will welcome him in Ahmedabad, saying Prime Minister Narendra Modi has told him that there will 10 million(1 crore) people to greet him on his arrival for his maiden visit to India.

President Trump and First Lady Melania are scheduled to travel to Ahmedabad, Agra and New Delhi on February 24 and 25.

Speaking to reporters at the Joint Base Andrews in Maryland on Tuesday, Trump said that Modi told him that "we'll have 7 million people between the airport and the event."

"So it's going to be very exciting. But he says between the stadium and the airport, we'll have about 7 million people. So it's going to be very exciting. I hope you all enjoy it," he said.

On Thursday, Trump upped the crowd size by three million at a 'Keep America Great' rally in Colorado.

"I hear, they are going to have 10 million people. They say anywhere from six to 10 million people are going to be showing up along the route to one of the largest stadiums in the world, the largest cricket stadium in the world, which is brand new and beautiful," said Trump, who is seeking reelection in the November presidential polls.

But according to a top civic official in Ahmedabad, the total population of the city is only around 70 lakh.

The authorities believe that between one to two lakh people are expected to line up along the 22-km route of the road show by Modi and Trump from the airport to the Motera cricket stadium, said to be the world's largest.

"We believe that around one to two lakh people will gather to welcome the dignitaries during the road show," Ahmedabad Municipal Commissioner Vijay Nehra said on Thursday, contradicting the claims made by the US President.

As per the road show route plan, Trump and Modi will first reach the Sabarmati Ashram, a place closely associated with Mahatma Gandhi, from Ahmedabad airport.

Addressing his supporters, Trump spoke about his India visit and said the "Namaste Trump" rally in Ahmedabad would spoil him.

"Prime Minister Modi said, we will have 10 million people greet you. Here's my problem. We have a packed house. We have a lot of people, thousands of people that couldn't get in. It's going to look like peanuts from now on," he said.

"I'll never be satisfied with the crowd. If we have 10 million people in India, how can I be satisfied when we fill up like a 60,000-seat stadium? I am getting spoiled," Trump said.

One of Trump's supporters from the audience then suggested that he build a bigger stadium.

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Agencies
January 20,2020

For the first time in the 15 years of the Global Risks Report, the climate change and environment risk has occupied all the top five slots.

According to the 15th edition of the World Economic Forum's (WEF) Global Risks Report, the top five risks in terms of likelihood are extreme weather, climate action failure, natural disasters, biodiversity loss and human-made environmental disasters. They all fall in the one category of climate change and related environmental disasters.

WEF President Borge Brende said the world was feeling long-mounting and interconnected risks.

The report also points to how citizens are protesting across the world as discontent rises with failed systems that are creating inequality. The citizens' discontent had hardened with systems that had failed to promote advancement, it said.

"Disapproval of how governments are addressing profound economic and social issues has sparked protests throughout the world, potentially weakening the ability of governments to take decisive action should a downturn occur. Without economic and social stability, countries could lack the financial resources, fiscal margin, political capital or social support needed to confront key global risks," it said.

Listing the grim scenario, Borge said the global economy was faced with "synchronised slowdown", the past five years had been the warmest on record and cyber attacks were expected to increase this year.

The report warns that while the myriad risks were rising, time was running out on how to prevent them.

Borge said the growing palpability of shared economic, environmental and societal risks indicated that the horizon had shortened for preventing "or even mitigating" some of the direst consequences of global risks.

"It's sobering that in the face of this development, when the challenges before us demand immediate collective action, fractures within the global community appear to only be widening," he said.

The report points to grave concern about the consequences of continued environmental degradation, including the record pace of species decline.

Pointing to an unsettled geopolitical environment, the report said today's risk landscape was one in which new centres of power and influence were forming and old alliance structures and global institutions were being tested.

"While these changes can create openings for new partnership structures in the immediate term, they are putting stress on systems of coordination and challenging norms around shared responsibility. Unless stakeholders adapt multilateral mechanisms for this turbulent period, the risks that were once on the horizon will continue to arrive," it said.

Calling it a "an unsettled world", the WEF report notes that powerful economic, demographic and technological forces were shaping a new balance of power. "The result is an unsettled geopolitical landscape in which states are increasingly viewing opportunities and challenges through unilateral lenses," it said.

"What were once givens regarding alliance structures and multilateral systems no longer hold as states question the value of long-standing frameworks, adopt more nationalist postures in pursuit of individual agendas and weigh the potential geopolitical consequences of economic decoupling. Beyond the risk of conflict, if stakeholders concentrate on immediate geo-strategic advantage and fail to re-imagine or adapt mechanisms for coordination during this unsettled period, opportunities for action on key priorities may slip away," the WEF said.

In a chapter on risks to economic stability and social cohesion, it said a challenging economic climate might persist this year and members of the multi-stakeholder community saw "economic confrontations" and "domestic political polarisation" as the top risks in 2020.

The report also warned of downward pressure on the global economy from macroeconomic fragilities and financial inequality. These pressures continued to intensify in 2019, increasing the risk of economic stagnation.

Low trade barriers, fiscal prudence and strong global investment, once seen as fundamentals for economic growth, are fraying as leaders advance nationalist policies. The margins for monetary and fiscal stimuli are also narrower than before the 2008-2009 financial crisis, creating uncertainty about how well countercyclical policies will work.

The strategic partners for the WEF report included Marsh & McLennan and Zurich Insurance Group. The academic advisers were National University of Singapore, Oxford Martin School, University of Oxford and Wharton Risk Management and Decision Processes Center, University of Pennsylvania.

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News Network
June 10,2020

Islamabad, Jun 10: The World Health Organization has told Pakistan it should implement "intermittent" lockdowns to counter a surge in coronavirus infections that has come as the country loosens restrictions, officials said.

Since the start of Pakistan's outbreak in March, Prime Minister Imran Khan opposed a nationwide lockdown of the sort seen elsewhere, arguing the impoverished country could not afford it.

Instead, Pakistan's four provinces ordered a patchwork of closures, but last week Khan said most of these restrictions would be lifted.

Health officials on Wednesday declared a record number of new cases in the past 24 hours. The country has now confirmed a total of more than 113,000 cases and 2,200 deaths -- though with testing still limited, real rates are thought to be much higher.

"As of today, Pakistan does not meet any of the pre-requisite conditions for opening the lockdown", the WHO said in a letter confirmed by Pakistan officials on Tuesday.

Many people have not adopted behavioural changes such as social distancing and frequent hand-washing, meaning "difficult" decisions will be required including "intermittent lockdowns" in targeted areas, the letter states.

Some 25 percent of tests in Pakistan come back positive for COVID-19, the WHO said, indicating high levels of infection in the general population.

The health body recommended an intermittent lockdown cycle of two weeks on, two weeks off.

Responding to the WHO's letter, Zafar Mirza, the prime minister's special advisor for health, said the country had "consciously but gradually" eased lockdowns while enforcing guidelines in shops, mosques and public transport.

"We have to make tough policy choices to strike a balance between lives and livelihoods," Mirza said Wednesday.

Punjab's provincial health minister Yasmin Rashid, who received the WHO's letter, said the provincial government had already given "orders to take strict action against those violating" virus guidelines.

Hospitals across Pakistan say they are at or near capacity, and some are turning COVID-19 patients away.

WHO Director-General Tedros Adhanom Ghebreyesus said Monday that 136,000 cases had been reported in the previous 24 hours, "the most in a single day so far", with the majority of them in South Asia and the Americas.

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