India, China, Russia refrain from seeking East Jerusalem as Palestine capital

Agencies
December 12, 2017

New Delhi, Dec 12: India, Russia and China on Monday refrained from seeking East Jerusalem as the capital of Palestine after a meeting of foreign ministers from the three countries met in New Delhi.

External Affairs Minister Sushma Swaraj hosted her Russian and Chinese counterparts Sergey Lavrov and Wang Yi for the 15th annual meeting of the Russia-India-China (RIC) in New Delhi.

The joint statement issued after the meeting called for "negotiations aimed at creating an independent, viable, territorially contiguous Palestinian State living side by side in peace and security with Israel within mutually agreed and internationally recognised borders". It, however, did not have any reference to East Jerusalem.

The last RIC joint statement issued after the 14th meeting of the foreign ministers of the three nations in Moscow in April 2016 had categorically called for East Jerusalem to be the capital of the future state of Palestine.

The move by Russia, India and China to drop the reference to East Jerusalem as the capital of Palestine came just days after US President Donald Trump formally recognised the ancient holy city as the capital of Israel.

The US move evoked sharp criticism not only from Arab world, but also from Europe and many other nations. Trump also set in motion a plan to shift the US Embassy from Tel Aviv to Jerusalem.

Moscow has expressed concern over the US move. Russia's ambassador to Israel, Alexander Shein, however, was quoted saying that Moscow had recognised West Jerusalem as the capital of Israel in April this year. He, however, also said that Russia could consider shifting its embassy from Tel Aviv to West Jerusalem after the "Palestinians and the Israelis agree on all issues of the final status" of the territories of Palestine.

China, however, reiterated its support to establishment of an independent sovereign Palestine with East Jerusalem as its capital as recently as last week. "The status of Jerusalem must be determined through dialogue and negotiation on the basis of UN resolutions, and the two-state solution remains a viable, fundamental solution to the Palestinian issue," Wang said in Beijing after the US recognised the ancient city as the capital of Israel.

New Delhi declined to toe the US line on recognising Jerusalem as the capital of Israel and stated that its position on Palestine was "independent and consistent" and shaped by its "views and interests, and not determined by any third country". India, however, refrained from reiterating its long-held view that eastern part of the holy city should be the capital of Palestine.

India in fact stopped calling for East Jerusalem to be the capital of Palestine this year. Hosting Palestinian President Mahmoud Abbas in New Delhi in May, Prime Minister Narendra Modi did call for "a sovereign, independent, united and viable Palestine, co-existing peacefully with Israel", but avoided supporting the demand for East Jerusalem to be the capital of Palestine. He carefully avoided referring to it during his visit to Israel in July – the first by a Prime Minister of India, although the two countries had established formal diplomatic relations in 1992. His message on the occasion of International Day of Solidarity with Palestinian People on November 25 last or India's statement to UN General Assembly on November 29 last too did not refer to the call for East Jerusalem to be the capital of Palestine.

The leaders of BRICS (Brazil, Russia, India, China and South Africa) too refrained from calling for East Jerusalem the capital of Palestine when they issued a joint statement after the summit of the five-nation bloc at Xiamen in China in September. The statement issued after the BRICS summit in Goa in October 2016 had reiterated the call for East Jerusalem to be the capital of Palestine.

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News Network
June 30,2020

New Delhi, Jun 30: With a spike of 18,522 COVID-19 cases in the last 24 hours, India's coronavirus count now stand at 5,66,840, said the Union Health and Family Welfare Ministry on Tuesday.

According to the Ministry, 418 deaths due to COVID-19 were reported in the last 24 hours. The number of deaths in the country now stands at 16,893.

There are 2,15,125 active coronavirus cases in the country while the number of cured/discharged patients stands at 3,34,821 and one patient migrated.

As per the Ministry, Maharashtra is the worst-hit state with regard to the COVID-19 cases and has reported 1,69,883 cases, including 73, 313 active cases 88,960 cured/discharged patients and 7,610 fatalities.

Tamil Nadu has a total of 86,224 cases including 1,141 deaths. Delhi's COVID-19 count stands at 85,161 cases and 2,680 fatalities.

The total number of samples tested up to 29 June is 86,08,654 of which 2,10,292 samples were tested yesterday, informed the Indian Council of Medical Research.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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News Network
June 30,2020

Beijing, June 30: China said on Tuesday it was concerned about India’s decision to ban Chinese mobile apps such as Bytedance’s TikTok and Tencent’s WeChat and was making checks to verify the situation.

Chinese foreign ministry spokesman Zhao Lijian told reporters during a daily briefing that (the Prime Minister Narendra Modi-led government of) India has a responsibility to uphold the rights of Chinese businesses.

India on Monday banned 59, mostly Chinese, mobile apps in its strongest move yet targeting China in the online space since a border crisis erupted between the two countries this month.

The apps are “prejudicial to the sovereignty and integrity of India, the defence of India, the security of state and public order", the ministry of information technology said in a statement, which came two weeks after 20 Indian Army personnel were killed in a violent clash on the India-China border in Ladakh.

The companies have been invited to offer clarifications before a government panel, which will decide whether the ban can be removed or will stay.

The move also came ahead of military and diplomatic talks between India and China scheduled this week.

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