China and India strive for the military hotline of frontier defense

On April 28, Colonel Qian Wu, spokesman of Chinese Ministry of Defense said that China held a positive attitude towards the military hotline of Sino-Indian frontier defense. The relevant department of two armies are doing some research on this and striving for an early agreement, to strengthen the frontier cooperation.

At the regular press conference held by Chinese Ministry of Defense in April, a reporter asked about the decisions or results after Indian defense minister paid a visit to China and held meetings on a wide range of subjects with a number of Chinese senior leaders including Chinese defense minister, as well as the situation of the two armies’ establishing hotline of frontier defense.

China and India making research on the military hotline of frontier defense

Mr. Wu said, at the invitation of Mr. Wanquan Chang, Chinese state councilor and defense minister, Mr. Manohar Parrikar, Indian defense minister visited China on April 16-20. During his stay, Chinese PM Keqiang Li, VP of Chinese military commission Changlong Fan and Defense minister Wanquan Chang had talks with the delegation respectively. The two sides had in-depth communication about the bilateral military relations, defense cooperation, border exchange and control, and the international and regional issues of common concern.

China and India strive for the military hotline of frontier defense

The two sides agreed that China and India strengthening the cooperation at peace, is not only benefiting Asian and global economy, but also sending a positive signal of peaceful development to the world. The Defense department and the army of both countries should enhance the strategic communication and pragmatic exchanges in every field; promote the mutual understanding and common interests; actively propel the establishment of the frontier defense hotline; intensify the border exchanges; jointly maintain the peace in border areas and create favorable conditions and atmosphere for the development of bilateral relations. The visit had reinforced the Sino-Indian relations, especially the further development of military relations.

China and India will highlight Asian investment

On January 8th , the latest strategy report  from Julius Baer pointed out that Asia will continue to benefit from the favorable investment situation in 2015. The reason lies in the following three points: the long-term high correlation between Asian and European markets and the good prospects for the latter next year; the relatively loose monetary policy to be maintained by the world’s major central banks; the reasonable valuation in Asian stock market.

China and India will highlight Asian investment

The analyst in Julius Baer anticipated that China and India will become Asia’s best performing economies thanks to the diverse reform initiatives. Meanwhile, Japan’s performance can be expected as well, thanks to the local QE policies and the re-adjustment of pension allocation. In addition, the recent fall in oil price will benefit the economy in almost all Asian countries, enabling the government to apply the existing fuel subsidies to the fields that can enhance more the productivity, such as education and infrastructure, in order to further promote the long-term economic development.

Julius Baer emphasized that in addition to China’s A-shares, the other major Asian markets are highly correlated with the US and European market trends. Julius Baer Strategy Head Christoph Riniker predicted that next year the total return of the S & P index is about 4%, the return of the German Frankfurt DAX index is about 7%, which indicated that the overall market environment is quite favorable to the Asian markets. In view of the United States and Europe are the world’s two most important economies, the US Federal Reserve and the European Central Bank’s policies are very significant for the Asian economies and markets and currencies. The US FED led by economic liberals, the positive but not high economic growth and the low inflation have prompted the United States to launch the “normalization” process of interest rate in a slow and gentle pace. At the same time, the economic growth of the euro zone in 2015 forecasted at only 0.8%, the ECB’s loose monetary policy is bound to last longer.

India and China will sign high-speed rail construction agreement this week

On November 25th, the spokesman of the Indian Ministry of Railways said that India will sign an agreement with China this week and provide a report on the feasibility of constructing a 1754 km high-speed rail line between Delhi and Chennai. It is reported that the rail will be the world’s second longest high-speed one and the two countries are expected to build the rail together.

It is reported that the planned “Delhi – Chennai Route” has a total length of 1754 km, connecting Indian cities Delhi and Chennai. The construction cost is estimated to be 2 trillion rupees (about RMB 200 billion). This is part of “Diamond Quadrilateral” project proposed by India’s new Prime Minister Modi and it is expected that the rail will be the second longest high-speed rail corridor in the world and the longest in India after the construction, with the running speed of 300 km per hour. India’s newly appointed Minister of Railways Mr. Suresh Prabhu will be in charge of the project and will send a rail team to China for training. The research work is scheduled to begin early next year.

In September this year, in the Joint Statement of Chinese President Xi Jinping’s visit to India, India expressed its willingness to actively consider to build a high-speed railway with China. Therefore, the above high-speed railway construction agreement can be seen as a follow-up of the Joint Statement.

There is no highway in India and the transportation mainly relies on the railways. Data shows that India has railway lines of 64,000 km, the length of which ranks No.4 in the world, transporting over 23 million passengers every day. Indian Railway Department is the largest employer in the world, with more than 1.3 million employees. The speed of Indian trains is generally low. The current fastest train is the Express from New Delhi to Calcutta, with the speed of 87.17 km per hour.

India and China will sign high-speed rail construction agreement this weekChinese export of high-speed rail is very active this month

On November 3rd, Mexico Department of Transportation announced that the union of China Railway Construction, China South Locomotive and Rolling Stock Corporation Limited and four local companies won the high-speed Mexico City to Queretaro rail project and the contract were valued at about RMB 27.016 billion. Though the tender got withdrawn after three days by Mexican government, experts predict that the Union has great possibility of winning the bidding again.

On November 18th, Thailand adopted a Sino-Thai Railway cooperation project. China will participate in the investment and the construction of a double track standard rail with a total length of 867 km.

On November 20th, China Railway Construction and Nigerian authorities signed the commercial contract of coastal rail project in Nigeria. The total contract amounts USD 11.97 billion, indicating the highest single contract amount in Chinese foreign project contracting history.

Russian Railways recently says that they are planning for the high-speed rail project between Moscow and Beijing, with a total mileage of 7000 – 8000 km and an investment of RUB 7 trillion (about RMB 935.2 billion).

Indian ambassador to China: Huge manufacturing potential cooperation between Chongqing and India

On November 14th, Mr. Ashok K. Kantha, Indian ambassador to China, visited Chongqing with an Indian business delegation, introducing India’s investment environment and policies to Chongqing enterprises. Mr. Kantha proposed that Chongqing would strengthen the manufacturing and infrastructure cooperation with India, to exploit the industrial advantage between two places and to promote the bilateral trade development.

China and India are both the world’s ancient civilizations and have a long history of connection, of which when Chongqing acted as the auxiliary capital of China during World War II, the famous “Hump Course” put up an important air passage and friendship bridge between Chongqing and India. At that time, India set up the Indian Embassy in Chongqing and the site of which is still standing in Chongqing Nanshan Botanical Garden.

Huge manufacturing potential cooperation between Chongqing and India“Chongqing is the most dynamic economic center in western China.” said Mr. Kantha. This was the first time he came to Chongqing, and he hopes to come frequently in the future with continuous cooperation opportunities. As a vital point between the Silk Road Economic Zone and Yangtze River Economic Zone, Chongqing is playing an important role in the development of western China. Chongqing and India should produce their respective industrial advantages and build the further cooperation in manufacturing, infrastructure, IT, chemical, automotive, textiles and other fields.

Mr. Chen Heping, vice mayor of Chongqing, said that the total import and export trade value between Chongqing and India in 2013 amounted to $ 1.95 billion. In the first three quarters of 2014, the total trade value has reached $ 1.28 billion. Till September 2014, Chongqing has set up four companies in India, covering environmental protection, manufacturing, silk sales and medical fields.

 

It is understood that Chongqing Yunhe Hydropower Inc., China Chongqing International Construction Corporation, Chongqing Yuneng Taishan Electric Wire & Cable Co. Ltd are proceeding one batch of new projects so far in India, including e-commerce, garment outsourcing, software training, energy and infrastructure construction.

Mr. Kantha said that the current political and economic situation between China and India is encouraging and the relations between two countries affected nearly one-third of the global population. In October 204, Chinese President Xi Jinping visited India, further improved the strategic partnership between China and India, and reached a series of consensus with Indian Prime Minister Modi on promoting the investment of Sino-Indian Industrial Park, infrastructure construction, financial cooperation and trade exchange.

“The core of the strategic partnership between two countries is the economic and commercial exchanges.” said Mr. Kantha. Currently India is paying more and more attention on the economy, hoping that China’s western development strategy and India’s Look East policy can enhance each other and create a good environment for the bilateral investment.

 

Article source: The China Voice

The value of Chinese domain names for international brands

As we all know, 2014 is considered the first year of new global top-level domain opening. With ICANN’s permission, many new top-level domain names joined the Internet, of which Chinese domain names such as “.zaixian”(online) and “.zhongwenwang”(China’s net) are pretty unique. Let’s see the value of Chinese domain names.

The value of Chinese domain names for international brands

Foreign products perform better?

At first glance, these two new domain names – “.zaixian” and “.zhongwenwang” – are mostly thought to come from China, but it is wrong. In fact, they are operated by a Finnish commercial company. In order to be better integrated with Chinese culture and language habits, the company even got themselves a Chinese name “Yutong Lianda”. The reason why they applied for these two Chinese domain names is that they lay emphasis on the 600 million Internet users in China and hundreds of millions of Chinese users all around the world. Such a large user base makes the Chinese domain name become an integral part!

“.zaixian” and “.zhongwenwang” have taken all the edges. Simon Cousins (Xia Ming), CMO of Yutong Lianda registration bureau, has joked, “Since the opening of the domain names, the registration amount of “.zaixian” and “.zhongwenwang” has been always on top, even “the small company” like Google is behind us!” Although it is just a joke, the achievement cannot be made without the capacity and opening timing of the market!

The value of Chinese domain names for international brands

Which companies are suitable for “Chinese name tag”?

So far, the dominant position of domain names such as .com, .net, .cn and etc. can still not changed, but in some niche markets and user groups, Chinese domain names have built the value. The main target of “.zaixian” and “.zhongwenwang” is to help foreign brands and companies better explore the Chinese market or consolidate their positions. Through these two domain names, the emphasis on Chinese consumers, customers, partners, governmental bodies and the sincerity of focusing on the products and services are both shown from those foreign companies. It is not hard to understand why we often see the “localized” website of foreign brands, such as “AOL”, “F1 Online”, “MSN China”, “NBA China”, and “Forbes China” etc.

The value of Chinese domain names for international brands

What is the value of Chinese domain names?

The value of Chinese domain names is mainly reflected in the “localized” information services of the companies, which is divided into three aspects: Cultural habit, Brand marketing and Brand protection. Through a Chinese domain name, the company can make such a large Chinese audience easier to understand and accept their brand; it can convey the brand more precisely so that not only the users have an easier access to the website, but also the search engine is more efficient and more accurate. As for a company brand, the synchronized registration of its Chinese domain name can effectively protect the intellectual property of its Chinese name, prevent the brand from being diluted and even being “pirated”.

At present, Chinese domain names are booming. More and more International big brands are entering into the public and this is just a beginning!

Top 6 Jobs with highest starting salary in China

Same as the low employment rate of last year, the situation for this year’s graduates will be more severe.

Faced with such fierce competition, are you still planning to get into the popular industry such as IT, Internet, Finance? Do not underestimate some byways! According to the “Education Blue Book”, their starting salary is already among Top 10 in the industry.

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1. Insurance: Starting salary up to 4181 RMB per month

Practitioners in insurance industry have left Chinese job market a conventional impression, resulting in candidates’ low intention to apply for the job.

The data of one job hunter website shows that insurance is the most “un-inquired” industry in spring 2014.

However, the insurance industry is also categorized into financial sector. “Education Blue Book” shows that the starting salary in the financial sector has reached 4181 RMB per month.

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2. Geological Exploration: 3770 RMB per month as starting salary

Geological exploration requires very high technical background, which also determines relatively less intense competition in the industry.

Hard-working character is also a tacit requirement of this work. It is learnt that the salary of geological exploration starts from 3770 RMB per month.

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3. Agent services

Agent services indicate the activities of providing advice, assessing price and brokerage etc. for business.

Agent service was ranked No.2 in the “un-inquired” profession list.

However, we don’t give comment and just check those news about agent employees getting annual bonus of more than 10,000 RMB.

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4. Environmental management: Starting salary reaches 3576 RMB per month

If you think this profession is very strange, its unpopularity is just illustrated.

The work in EPA, monitoring stations, construction and machinery manufacturing etc. is all related to the environmental management. The starting salary has reached 3576 RMB per month.

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5. Mining industry: Salary starts from 3221 RMB per month

The salary of employees in the mining industry is generally high, especially those who work in the mines in remote areas. The survey from U.S. Bureau of Labor Statistics on miners’ salary shows that their salary is 30% higher than the average.

In China, the average starting salary in mining industry is 3221 RMB per month.

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6. Health services: 3109 RMB per month as starting salary

The third unpopular profession in 2014 is health service, but it cannot be ignored that this profession is at the same time ranked No.10 in the starting salary list, with 3109 RMB per month.

If you have the relevant professional skills, do not miss the opportunity.

China and India’s cooperation in Yoga field

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As an important outcome at the 2nd session of China-India Yoga Summit, Dali Yoga College and India Vivekananda Yoga University (Swami Vivekananda Yoga Anusandhana Samsthana) officially signed the “Memorandum of Cooperation” in 10th evening. The two institutes will start all-round cooperation in the field such as Yoga and Health Research, Education and Training etc., bringing the research findings from SVYASA and major International organizations to China, which will effectively promote the development of yoga industry in China.

“Dali, as an important site of Ancient Tea Road, has always been closely linked with India. The “Memorandum of Cooperation” will further strengthen the bilateral cooperation in yoga field.” said Rongxin Yang, president of Dali Yoga College, at the signing ceremony.

“SVYASA has been engaged in research on yoga therapy and yoga education etc. As a pioneer in the yoga field, SVYASA is willing to bring the most advanced yoga philosophy to China so that more yoga enthusiasts find out the real charm of Yoga.” said Nagarathna, vice chancellor of SVYASA.

Vivekananda Yoga University of India is the only university approved by Indian government to provide yoga therapy and yoga education and research of undergraduate, master and doctoral degrees. SVYASA is a non-profit research and educational institute.

Time for Chinese to invest in India!

Textiles and clothing accounted for 4% of India’s GDP, providing the largest employment in addition to the agricultural sector. Currently, India’s textiles accounted for 6.56% of global trade while clothing 3.43%, and export of cotton products occupies dominant position. India is the second largest cotton producer and yarn exporter, of which the export of yarn accounted for 28% of global yarn export in 2013.

China is the second largest export destination of India’s textiles and clothing, but the export to China is mostly raw material, such as raw cotton and cotton yarn. China is the largest source of India’s textiles and clothing, which are mainly high value-added ones. In 2013, China’s import of textiles and clothing from India accounted for 11% – of which cotton yarn 30% – while India’s import from China 45%.

7.10_Yarn01Textile industry has been always shifted from high-cost area to low-cost one. With the increasing producing cost in China, more and more low-end products will be produced out of China. As European textiles developed from low-end to high-end and was gradually shifted to China, now it is the time for low-end textiles to leave China. India welcomes investment and purchase from Chinese yarn customers. The cost of Chinese textile manufacturers can be greatly reduced when Indian textile factories and Chinese textile supply chain are bound.

Indian government has taken many measures to encourage the development of textile and clothing industry, such as allowing 100% foreign direct investment; investing on infrastructure construction of textile industrial parks, 40 of which have been approved till now; formulating export promotion schemes, including the encouragement of production means export, tax allowance and export rebate, aiming to eliminate the tax influence on different stage of production. Chinese textile enterprises can enhance their competitiveness by making use of the friendly investment environment and low processing cost in India and building alliance with Indian textile companies. It’s time for Chinese textile enterprises to seize the investment opportunities in India!

Xiaomi to release Mi 3 smartphone in India for $250

Chinese manufacturer Xiaomi has launched its first smartphone in the Indian market, the Xiaomi Mi 3. The phone is priced at Rs 14,999 ($250) and will go on sale on July 15.

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Xiaomi brought its flagship Mi 3 to India today at a scarcely-believable Rs 14,999. With a Snapdragon 800 on board, this is by far the cheapest high-end phone in the market, making it competition for the likes of Nexus 5, Galaxy S4, Xperia Z at nearly half the price. But the big targets, the ones who should be really scared are the Indian phone makers.

Instead of selling its cheaper Redmi 1S or Redmi Note, last year’s Mi 3 is the company’s headliner. Given the competition in India from other flagships such as Gionee and it’s super-slim 5.5mm Elife S5.5, releasing the slightly dated Mi 3 could be the right move.

Also, given that supplies of the Redmi Note sold out incredibly fast in other markets, Xiaomi may be facing a stock crunch for the Note, while the Mi 3 has been in production for quite a while now, and it’s likely easier for the company to fill upcoming orders from its India launch.

It is important to note that while the Xiaomi phones don’t come with the Play Store and Google apps in China, they will support them in India.

No official word on retail availability so far but it is said that Flipkart will be one of the retailers of the device.

Along with the Mi 3 smartphone, Xiaomi has also launched the Mi Power Bank in 10400mAh and 5200mAh capacities but without pricing and availability details.

A “BRICS Bank” to be launched

BRICS is planning to set up a bank together based on matching fund and equal right of speaking. The total fund will be $100 billion. The new bank may probably start lending in two years.

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BRICS Bank will highlight the growing influence of the emerging economies in the global financial landscape. This area has been long dominated by United States and Europe through IMF and World Bank.

China, India, Brazil, Russia and South Africa is expected to sign the agreement officially at the BRICS Summit, which is to be held in Brazil on July 15.

“The start-up capital of the bank is $50 billion and still needs to obtain legislative approval in these five countries. The new bank may start lending in two years.” said an Brazilian official.