Respect Indian sense of national pride: Chinese media

May 20, 2013

Chinese_mediaBeijing, May 20: Underlining that China's "surrounding environment" will suffer if India becomes another Japan or Philippines in confronting it, Chinese media today called for understanding and respect for "Indian sense of national pride".

As Chinese Premier Li Keqiang kicks off second day of his India tour, the Chinese official media is full of reports and analysis of Sino-India ties with one tabloid daily, the Global Times, came out with editorial, saying that 'Sino-India ties transcend media hype'.

"There are many weaknesses in the bilateral relationship which can be exploited by outsiders. Without mutual respect, small frictions can be exaggerated," it said, apparently referring to a recent military stand off at the Daulat Beig Old in Ladakh area after Chinese troops intruded 19 kms inside Indian territory.

"The Indian sense of national pride is very strong but Chinese society doesn't want to adapt. Chinese people lack understanding and respect toward India. They tend to judge it according to ill-conceived preconceptions," it said.

"However, China's surrounding environment will suffer if India, a country which has the prospect of running neck-and- neck with China, becomes another Japan or Philippines in terms of its policies toward China," it said, noting that the situation at the Sino-Indian border is much better than the disputed islands with Japan or South China Sea, where Beijing is locked up in maritime disputes.

However, the relationship is at its "best period in decades despite mutual suspicion".

"Both China and India should bear the primary responsibility for cultivating the bilateral relationship. They should create more 'good news' to counter media hype. Not only determination, but also wisdom is needed to develop Sino-Indian strategic ties," it said.

"Grumbling about media coverage doesn't help. Governments should also play a role in guiding public opinion," it said.

Referring to Li's choice to make India the first stop of his maiden foreign tour, it said, "his selection of India for his first overseas trip has widely been interpreted as a sign that China is attaching greater importance and respect to this large neighbour".

Stating that the bilateral ties are plagued by negative news causing more negative public opinion "than the reality warrants", the editorial referred to the "tent confrontation" between the two sides that made headlines.

"It's difficult to simply judge Sino-Indian relations as 'good' or 'bad'. New conflicts initiated by border disputes may break out at any time, according to worst-case scenarios.

"Both sides have been trying to divert the focus of the bilateral relationship from border disputes to other areas. In spite of media hype, both sides share a common will in terms of preventing border problems from impeding Sino-Indian ties," it said, adding that "such rationality is commendable in present-day Asia where nationalism runs rampant".

Being two large emerging countries, India and China have many common interests on major issues such as the global financial order and climate change, which means that the two countries must seek cooperation, it said.

"China and India's combined potential are large enough to make the West anxious. Internal dissension between China and India meets Western interests," it said.

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News Network
April 3,2020

Washington, Apr 3: The World Bank has approved USD 1 billion emergency funding for India to help it tackle the coronavirus pandemic, which has claimed 76 lives and infected 2,500 people in the country.

The World Bank's first set of aid projects, amounting to USD 1.9 billion, will assist 25 countries, and new operations are moving forward in over 40 nations using the fast-track process, the bank said on Thursday.

The largest chunk of the emergency financial assistance has gone to India USD 1 billion.

"In India, USD 1 billion emergency financing will support better screening, contact tracing, and laboratory diagnostics; procure personal protective equipment; and set up new isolation wards," the World Bank said after its Board of Executive Directors approved the first set of emergency support operations for developing countries around the world, using a dedicated, fast-track facility for COVID-19 response.

In South Asia, the World Bank also approved USD 200 million for Pakistan, USD 100 million for Afghanistan, USD 7.3 million for the Maldives and USD 128.6 million for Sri Lanka.

The World Bank said it was now working to grant up to USD 160 billion over the next 15 months to support measures to tackle the pandemic which will focus on the immediate health consequences and bolster economic recovery.

The broader economic program will aim to shorten the time to recovery, create conditions for growth, support small and medium enterprises, and help protect the poor and vulnerable.

"The World Bank Group is taking broad, fast action to reduce the spread of COVID-19 and we already have health response operations moving forward in over 65 countries," said World Bank Group President David Malpass.

"We are working to strengthen (the) developing nations' ability to respond to the COVID-19 pandemic and shorten the time to economic and social recovery," Malpass said.

According to the bank, USD 100 million will support Afghanistan to slow and limit the spread of COVID-19 through enhanced detection, surveillance, and laboratory systems, as well as strengthen essential health care delivery and intensive care.

In Pakistan, USD 200 million will support preparedness and emergency response in the health sector and include social protection and education measures, the bank said.

A total of 1,002,159 COVID-19 cases have been reported across more than 175 countries and territories with 51,485 deaths reported so far, according to Johns Hopkins University data.

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News Network
February 28,2020

Feb 28: Market benchmark Sensex plummeted over 1,100 points, wiping off over Rs 5 lakh crore investor wealth, in opening session on Friday amid a massive selloff in global equities as rising coronavirus cases outside China stoked fears of a pandemic that could dent world growth.

The 30-share index sank 1,100.27 points, or 2.77 per cent, to 38,645.39, while the NSE Nifty cracked 329.50 points, or 2.83 per cent, to 11,303.80.

All Sensex components were trading in the red, led by losses in Tata Steel, Tech Mahindra, Infosys, Mahindra and Mahindra, Bajaj Finance, HCL Tech and Reliance Industries.

In the previous session, the Sensex settled 143.30 points, or 0.36 per cent, lower at 39,745.66, and the Nifty fell 45.20 points or 0.39 per cent to end at 11,633.30.

According to analysts, till last week the market was of the view that coronavirus was going to have minimum impact on global economy as situation in China was being contained. But the increase in the number of new cases is changing the view and investors are worried about an intense slowdown.

Further, incessant selling by foreign investors is also spooking domestic market participants, traders said.

On a net basis, foreign institutional investors sold equities worth Rs 3,127.36 crore on Thursday, data available with stock exchanges showed.

Stock exchanges in Shanghai, Hong Kong, Seoul and Tokyo plunged up to 4 per cent in their morning sessions.

On Wall Street, the Dow Jones Industrial Average dropped 1,190.95 points, its largest one-day point drop in history, bringing its loss for the week to 3,225.77 points, or 11.1 per cent.

The S&P 500 has now plunged 12 per cent from the all-time high it set just a week ago.

World oil prices too tumbled by more than 4 per cent overnight as traders fretted about the impact of spreading coronavirus on crude demand, particularly from key consumer China.

Brent crude oil futures fell another 2.47 per cent to USD 50.45 per barrel early in the day.

The rupee depreciated 28 paise to 71.89 against the US dollar in morning session.

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News Network
June 30,2020

New Delhi, Jun 30: The Home Ministry on Monday issued guidelines for 'Unlock 2.0' phase across country between July 1 and July 31. The report stated that COVID-19 lockdown shall continue to remain in force in containment zones till July 31. In containment zones, only essential activities to be allowed. The government's guidelines come on a day when Maharashtra and Tamil Nadu extended lockdowns in their respective states to July 31.

Unlock 2.0 Guidelines:

•   Schools, colleges, educational institutes wil remain closed till July 31. Online/distance learning shall continue to be permitted and shall be encouraged

•   Lockdown shall continue to remain in force in containment zones till July 31st.  In containment zones, only essential activities to be allowed.

•   Night Curfew shall continue to remain in force, between 10:00 pm and 5:00 am, except for essential activities and other relaxations.

•   Social/ political/ sports/ entertainment/ academic/ cultural/ religious functions and other large congregations remain prohibited.

•   International air travel, except as allowed by MHA, will also remain barred.

•   Shops depending upon their area, can have more than 5 persons at a time. However, they have to maintain adequate physical distance.

•   Training institutions of the central and state governments will be allowed to function with effect from July 15 and SOP in this regard will be issued by the Department of Personnel and Training.

Meanwhile, Union Home Secretary Ajay Bhalla wrote to Chief Secretaries of all states and UTs, urging them to ensure compliance of Unlock 2 guidelines and direct all concerned authorities for their strict implementation.

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