Sunday, December 2, 2007
Expect plenty more growth for China - Yahoo! News
Expect plenty more growth for China - Yahoo! News: "Xie’s interesting shtick is that China is far less reliant on trade with the U.S. than in the past. It is selling heavily to places like Africa, India and Russia, which now have cash to buy. South-South trade, as it were, is becoming a reality. And this will keep China’s economy churning. Here are some excerpts: “Everybody in the world has too much money except the United States. Think about it. Even Russia has a $500 billion in foreign reserves. Even India has over, like, $200 billion in foreign reserves. India never had that kind of money before. This has very important implications for what happens next year. Emerging economies do not need to cut back. They can expand. You go to Dubai, and it’s a bubble. Yes, it is a bubble. But they have money, it’s their own money. They are not borrowing money... “Even Africa has a lot of money. So emerging market trade in China is already half of China’s trade growth. As American consumers need to rest, need to pass, suddenly emerging market trade is happening. And emerging market trade is right up China’s alley because emerging markets export commodities, exactly what China needs - oil, copper, iron ore – exactly what China needs. And China exports cheaper consumer products and on"
India's culture for growth | The Courier-Mail
India's culture for growth | The Courier-Mail: "India is intense, and very different from China. Analyst Morgan Stanley estimates that for every dollar India spends on infrastructure China spends seven. And it shows."
Investing | Africa - Reuters.com
Investing | Africa - Reuters.com: "KAFUE, Zambia (Reuters) - The Eastern and Southern African Trade and Development Bank (PTA) will lend $2 billion to African businesses for infrastructure development, agriculture, mining and other capital projects, the bank's president said on Friday."
Evergreen Marine to Inaugurate New Dock | Chron.com - Houston Chronicle
[Taiwanese Company] Evergreen Marine to Inaugurate New Dock | Chron.com - Houston Chronicle: "Taiwan strictly regulates investment in infrastructure projects in China. The two sides split amid civil war in 1949. But Taiwanese companies often bypass the restrictions by investing via their subsidiaries or other overseas firms."
Marin Independent Journal - Dick Spotswood: Why Marin, U.S. need to pay attention to Asia
Marin Independent Journal - Dick Spotswood: Why Marin, U.S. need to pay attention to Asia: "Which presidential candidate will promote infrastructure investment necessary to create a competitive edge in a global economy? Hong Kong's transit system is the world's most modern with the ultimate subway, excellent buses, a massive seaport and efficient airport. Likewise Singapore. Mainland China is on the verge of spending billions to upgrade its rails, ports and airfields. America will be lucky to simply maintain our existing antiquated roads and bridges. Do most Southeast Asians agree with the policies of the Bush-Cheney administration? No. Yet even in predominately Muslim Malaysia, Americans are treated with respect, though nothing beats the Vietnamese cabbie driving in the midst of a typhoon near Hue. When I identified myself as a Californian, he smiled, saying 'U.S. Number One!' It's clear that with a serious initiative by our next president to restore America's one dependable foreign policy weapon, our historical moral authority to lead toward a more equitable world, we can make major strides regaining our tragically lost global prestige. What must sophisticated Marinites look for in a presidential candidate to steer America through this era of economic transition? First, economic and geopolitical sophistication. Bubba will no longer do, whether exemplified by arrogance from the nativist political right or isolationism on the left. Any new president needs to "get it" when it comes to Asia. Second, the next administration needs to comprehend that our economic survival depends on the three "i's" of innovation, infrastructure and initiative."
Kazakh bank discusses China dreams - General - FinanceAsia.com - The network for financial decision makers
Kazakh bank discusses China dreams - General - FinanceAsia.com - The network for financial decision makers: "I'm told BTA plans to open a bank in China or purchase one of the Chinese banks. Have you narrowed down your potential targets? Tatishev: We applied to the National Bank of China for a license to open a bank in Urumchi. Now, we are waiting for permission to start our work. And as soon as we are granted the license we will gradually build the infrastructure. It is the closest province to Kazakhstan and we have very large trade interests in the area, so it is a logical place to look at. We are, in fact, planning to increase our presence in two countries: Turkey and China. Solodchenko: We definitely look to China for growth. As mentioned, we are now in the process of receiving permission from the Chinese regulators to open up a subsidiary in Urumchi. We’ve chosen Urumchi because it is biggest city and closest to the Kazakh border. Most of the trade between our countries goes through Urumchi. We see these trade flows increasing year-to-year. And that trade is increasing mostly in the segment that as a bank we are most interested in, which is small- and medium-sized enterprises and retail businesses. We will serve both import and export trade deals. And this will make it easier for our clients. According to Chinese legislation we have to stay in the market for four y"
iTWire - World on the brink global cyber warfare?
iTWire - World on the brink global cyber warfare?: "'Evidence suggests that governments and government-allied groups are now using the Internet for espionage and cyberattacks on the critical national infrastructure (financial markets, utility providers, air traffic control) of other countries. There were more reported cases in 2007 than any previous year. This growing threat is acknowledged by the United States Department of Defense,' the McAfee report states."
The Hindu : National : High-speed passenger trains proposed
The Hindu : National : High-speed passenger trains proposed: "NEW DELHI: The Railway Ministry is busy evolving plans to run high-speed passenger trains on dedicated tracks to cut the travel time between major cities. Nine State governments have agreed to cooperate with it on the issue of land and sharing of costs."
The Hindu : National : Antony for urgent steps to develop frontier areas
The Hindu : National : Antony for urgent steps to develop frontier areas: "Nathu La: Upset at the poor infrastructure along the border with China in Sikkim, Defence Minister A.K. Antony on Sunday said he would “vigorously” pursue urgent steps to develop the frontier areas. “It is an eye-opener. There is no comparison between the two sides. Infrastructure on the Chinese side is far superior. They have gone far in developing their infrastructure,” Mr. Antony said after visiting this border post located at an altitude of 14,140 feet."
The East African - Business Agenda
The East African - Business Agenda: "Internet service providers in Nairobi have raised the red flag over abusive and unsolicited campaign material flooding the web as spam mail as the campaigns in Kenya head for the December 27 polls."
The growth in Internet usage has created a new campaign platform targeting those who do not normally attend campaign rallies.
It is also a much more discreet and cheaper method of disseminating propaganda compared with the leaflets and posters used in past elections.
It is estimated that Kenya has almost two million Internet users, providing a huge forum for election campaigns.
Scoop: Additional undersea cable essential - InternetNZ
Scoop: Additional undersea cable essential - InternetNZ
"InternetNZ (the Internet Society of New Zealand Inc) welcomes the announcement by the Minister of Communications David Cunliffe that the Government will look at subsisiding an undersea fibre optic cable to provide additional international connectivity for New Zealand. Additional international telecommunications links are essential for New Zealand, to reduce reliance on the Southern Cross connection and to ensure the robustness of New Zealand's connectivity to the rest of the world."
"InternetNZ (the Internet Society of New Zealand Inc) welcomes the announcement by the Minister of Communications David Cunliffe that the Government will look at subsisiding an undersea fibre optic cable to provide additional international connectivity for New Zealand. Additional international telecommunications links are essential for New Zealand, to reduce reliance on the Southern Cross connection and to ensure the robustness of New Zealand's connectivity to the rest of the world."
Trans-Pacific Express cable ready in 2008: CommsUpdate : TeleGeography Research
Trans-Pacific Express cable ready in 2008: CommsUpdate : TeleGeography Research
"China Telecom and China Netcom have signed an agreement with three overseas operators to build a Trans-Pacific Express Cable Network connecting the US, South Korea, China and Taiwan."
Undersea Africa-to-Europe cable project receives funding – Daily Commercial News
Undersea Africa-to-Europe cable project receives funding – Daily Commercial News
“'Typical cost of Internet access in East Africa is $200 to $300 a month, which is one of the highest in the world,' Thunell told journalists. 'We expect that prices will drop about two-thirds when this project is in place and then continue downward.'
The Indian Ocean seabed near eastern Africa is the world’s only seabed without a fibre-optic cable, which means the region must rely heavily on limited and expensive satellite links for its Internet access."
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