'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
April 4,2020

Madrid, Apr 4: Spain recorded a second successive daily drop in coronavirus-related deaths with 809 fatalities, official figures showed Saturday.

The total number of deaths in Spain now stands at 11,744, second only to Italy. A record 950 people died on Thursday.

The number of new cases also slowed at 7,026, taking the total to 124,736.

Recoveries over the last 24 hours stood at 3,706, taking that total to 34,219.

The Madrid region was the worst affected accounting for 40 percent of the deaths, 4,723, and 29 percent of the cases at 36,249. The northeastern region of Catalonia was in second place with 2,508 deaths.

Prime Minister Pedro Sanchez is due to decide whether to prolong the emergency measures and confinement declared on March 14 for another two weeks in order to get on top of the outbreak.

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News Network
July 11,2020

Jul 11: UK’s Prince Charles, at the ongoing India Global week 2020, has praised India’s sustainable way of life, as he emphasised on sustainable development amid the ongoing coronavirus pandemic. Addressing the summit through a video link from London, Prince Charles said, “The country’s (India’s) diversity and resilience is a personal inspiration for him and much to teach all,” reported the All India Radio.

The three-day summit is getting held on a virtual platform from July 9 to July 11 due to the ongoing COVID-19 pandemic. Around 75 sessions on subjects such as geopolitics, business, emerging technologies, banking, finance, pharmaceuticals, defence and security, and arts and culture are getting held. The summit is expected to bring together over 250 speakers and more than 5,000 participants for incisive discussion and lively debate over the three days.

During his address, Prince Charles said India’s philosophies and values have emphasised a sustainable way of life and a harmonious relationship between humanity and nature, the AIR report said.

He also informed that he spoke to Prime Minister Narendra Modi about the importance of sustainable living.

In his address, he also spoke about the ancient yogic concept of ‘Aparigraha’. “It’s the time when the world learnt this ancient wisdom from India as it seeks revival amid the pandemic, he said as reported by the AIR news.

As the countries across the globe are reeling under the corornavirus pandemic, he emphasised on sustainable development to overcome the crisis. He said, “We have an unparalleled opportunity to put people and planet at the heart of global value creation and move to sustainable markets for long-term value, balancing natural, social, and physical capital.”

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Agencies
August 7,2020

Russia boasts that it's about to become the first country to approve a Covid-19 vaccine, with mass vaccinations planned as early as October using shots that are yet to complete clinical trials -- and scientists worldwide are sounding the alarm that the headlong rush could backfire.

Moscow sees a Sputnik-like propaganda victory, recalling the Soviet Union's launch of the world's first satellite in 1957.

But the experimental Covid-19 shots began first-in-human testing on a few dozen people less than two months ago, and there's no published scientific evidence yet backing Russia's late entry to the global vaccine race, much less explaining why it should be considered a front-runner.

“I'm worried that Russia is cutting corners so that the vaccine that will come out may be not just ineffective, but also unsafe,” said Lawrence Gostin, a global public health law expert at Georgetown University. “It doesn't work that way... Trials come first. That's really important.”

According to Kirill Dmitriev, head of Russia's Direct Investment Fund that bankrolled the effort, a vaccine developed by the Gamaleya research institute in Moscow may be approved in days, before scientists complete what's called a Phase 3 study.

That final-stage study, usually involving tens of thousands of people, is the only way to prove if an experimental vaccine is safe and really works.

Health Minister Mikhail Murashko said members of “risk groups,” such as medical workers, may be offered the vaccine this month.

He didn't clarify whether they would be part of the Phase 3 study that is said to be completed after the vaccine receives “conditional approval.”

Deputy Prime Minister Tatyana Golikova promised to start “industrial production” in September, and Murashko said mass vaccination may begin as early as October.

Dr Anthony Fauci, the top US infectious disease specialist, questioned the fast-track approach last week.

“I do hope that the Chinese and the Russians are actually testing a vaccine before they are administering the vaccine to anyone, because claims of having a vaccine ready to distribute before you do testing I think is problematic at best," he said.

Questions about this vaccine candidate come after the US, Britain and Canada last month accused Russia of using hackers to steal vaccine research from Western labs.

Delivering a vaccine first is a matter of national prestige for the Kremlin as it tries to assert the image of Russia as a global power capable of competing with the US and China.

The notion of being “the first in the world” dominated state news coverage of the effort, with government officials praising reports of the first-step testing.

In April, President Vladimir Putin ordered state officials to shorten the time of clinical trials for a variety of drugs, including potential coronavirus vaccines.

According to Russia's Association of Clinical Trials Organizations, the order set “an unattainable bar” for scientists who, as a result, "joined in on the mad race, hoping to please those at power.”

The association first raised concern in late May, when professor Alexander Gintsburg, head of the Gamaleya institute, said he and other researchers tried the vaccine on themselves.

The move was a “crude violation of the very foundations of clinical research, Russian law and universally accepted international regulations" the group said in an open letter to the government, urging scientists and health officials to adhere to clinical research standards.

But a month later, the Health Ministry authorized clinical trials of the Gamaleya product, with what appeared to be another ethical issue.

Human studies started June 17 among 76 volunteers. Half were injected with a vaccine in liquid form and the other half with a vaccine that came as soluble powder.

Some in the first half were recruited from the military, which raised concerns that servicemen may have been pressured to participate.

Some experts said their desire to perform well would affect the findings. “It's no coincidence media reports we see about the trials among the military said no one had any side effects, while the (other group) reported some," said Vasily Vlassov, a public health expert with Moscow's Higher School of Economics.

As the trials were declared completed and looming regulatory approval was announced last week, questions arose about the vaccine's safety and effectiveness.

Government assurances the drug produced the desired immune response and caused no significant side effects were hardly convincing without published scientific data describing the findings.

The World Health Organization said all vaccine candidates should go through full stages of testing before being rolled out.

“There are established practices and there are guidelines out,” WHO spokesman Christian Lindmeier said Tuesday.

“Between finding or having a clue of maybe having a vaccine that works, and having gone through all the stages, is a big difference.”

Offering an unsafe compound to medical workers on the front lines of the outbreak could make things worse, Georgetown's Gostin said, adding: “What if the vaccine started killing them or making them very ill?”

Vaccines that are not properly tested can cause harm in many ways — from a negative impact on health to creating a false sense of security or undermining trust in vaccinations, said Thomas Bollyky, director of the global health program at the Council on Foreign Relations. 

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