China

China to launch 300 satellites

China plans to launch 300 low-orbit satellites to provide worldwide communication services, with the first in the series to be launched later this year. The first in the 300-satellite array — known as the Hongyan constellation — is set to be launched by the end of this year. China is already developing BeiDou Navigation Satellite System (BDS) to rival America’s Global Positioning System.

1st land-based comm. link between Pak and PRC

An optical fiber cable project that would be the first land-based communication link between China (PRC) and Pakistan has been launched. It will help develop the telecom sector in the Gilgit-Baltistan region and enhance the security of the China-Pakistan Economic Corridor. The project includes an 820-km-long underground optical fiber cable from Rawalpindi to Khunjerab.

Pakistan launches 2 satellites from China

Pakistan has launched 2 indigenously built satellites into the orbit from Jiuquan Satellite Launch Center in China. One of the satellites launched is PRSS-1, a remote sensing satellite that will enable Pakistan to meet its imagery requirements in areas of land mapping & agriculture classification among others. It is the 2nd time both China & Pakistan have collaborated in the space sector.

Reduction of tariffs on Chinese imports

India and China have reached an agreement on reduction of tariffs on Chinese imports of Indian medicines, particularly cancer drugs. Both India and China slashed import tariffs of a range of products starting July 1, following the 4th round of negotiations under the Asia Pacific Trade Agreement. The agreement will also usher in great opportunities for India and other countries in the region.

China pledges 20 bn in loans for Arab states

China will provide Arab states with $20 billion in loans for economic development, as China seeks to build its influence in Middle East. The money will be earmarked for projects that will produce employment opportunities & positive social impact in Arab States. China is also prepared to provide another 1 billion yuan to countries in the region to build capacity for stability maintenance.

Most valuable bank in the emerging market

HDFC Bank has gone past Russia’s Sberbank to become the most valuable bank in the emerging market outside China. HDFC Bank was one of the top performing major banks globally in 2017. The Bank’s current market capitalization is $78.4 billion. Globally, America’s JPMorgan Chase is the most valuable with a market cap of $353 billion, followed by Bank of America at $282 billion.

25 Countries In Global Banks’ ‘High Risk’ List

China, UAE, Cyprus and significantly, Mauritius, along with 21other countries have been tagged as “high-risk jurisdictions” by global banks acting as custodians for foreign funds. It comprises the largest group of investors in the Indian stock market. Large investors and beneficial owners of these funds entering India through these high-risk jurisdictions will face close scrutiny.

RBI grants licence to Bank of China

The Reserve Bank of India has issued the license to Bank of China to launch operations in India. With this, Bank of China becomes the second Chinese bank after the Industrial and Commercial Bank of China to have a branch in India. Bank of China is one of the four biggest state-owned commercial banks in China. Bank of China opened its first branch in South Asia in Pakistan’s Karachi in 2017.

Agni-V to be inducted soon

India is in the process of inducting the first batch of its intercontinental ballistic missile system – Agni-V. The missile system, with a strike range of 5,000 km and capable of carrying a nuclear warhead, is being inducted into the elite Strategic Forces Command. The missile is capable of bringing targets across China including its prominent cities like Beijing & Shanghai under its range.

China to cut tariffs on soybean from India

China will cut import tariffs on soybean and some other goods from India and four other Asian nations from July 1. China will reduce tariffs on soybean imported from India, South Korea, Bangladesh, Laos, and Sri Lanka from 3% to zero. This comes as a step to escalate ongoing trade war as the US is a major supplier of soybeans to China.

PRC, India and ROK see wealth loss of $1.4 tn

China, India and South Korea, which are the three biggest Asian markets, excluding Japan, have seen erosion in market capitalisation of $1.4 trillion in 2018. The US, UK & France have fared much better, indicating global funds could be shifting their preference away from riskier emerging markets. This is attributed to rising bond yields, improved economic outlook & strengthening currency.

US dismisses 3rd party role in Kashmir dispute

The US administration has dismissed a third-party role in resolving the Kashmir dispute between India and Pakistan. “We believe the pace, scope and character of any discussion on Kashmir are for the two sides to determine,” it said. This comes after Chinese Ambassador to India Luo Zhaohui said trilateral cooperation between India, China and Pakistan could help resolve the issue.

Nepal, China to sign deal for 3 oil depots

An agreement on building oil storage depots at three locations in Nepal with Chinese assistance is expected to be signed. As per the agreement, the building oil storage depots would have a combined capacity of 110,000 kilo litre. The construction of the project is expected to be completed by mid 2019. The site for this purpose has been specified.

China begins sharing data on Brahmaputra

China has resumed sharing hydrological data on the Brahmaputra and Sutlej rivers with India. For the Brahmaputra river, data was shared by China from May 15, while it started sharing data for the Sutlej from June 1. Data will be shared twice daily until October. Sharing hydrological data is very important for generating information on floods for the northeastern states.

India, China to set up new mechanism

India and China have decided to set up a new “people to people mechanism” to build on the momentum in bilateral ties from the Wuhan Summit. The decision to step up people to people contacts was announced by Foreign Secretary Vijay Gokhale. It will be headed on the Indian side by the External Affairs Minister and on the Chinese side by the State Council and Foreign Minster.

Agreements between India and China

India & China have signed 2 bilateral agreements on the sidelines of Shanghai Cooperation Organisation summit. Under the MoU, China would provide hydrological information to India regarding Brahmaputra River during the flood season. 2006 Protocol on Phytosanitary Requirements for Exporting Rice from India to China was amended to include export of non-Basmati varieties of rice from India.

World first EPR nuclear reactor begins

A third generation EPR reactor in China carried out its first nuclear chain reaction, an initial start up which is a world first for the much-delayed European technology. The European Pressurised Reactor (EPR) in China “carried out its first chain and therefore it has started. The reactor is not expected to be completed until the mid 2020s.

Successful launch of observation satellite

China successfully launched a new Earth observation satellite which will be mainly used in agricultural resources research and disaster monitoring. A scientific experiment satellite named Luojia-1 was sent into space at the same time. The Gaofen-6 satellite was launched on a Long March-2D rocket.

Talks on bilateral social security agreement

India and China have agreed to start formal negotiations on a bilateral social security agreement. So far, India has signed social security agreements with 18 countries from different parts of the world. The bilateral social security agreements are aimed at protecting the interests of Indian professionals, skilled workers working abroad.

India launches its second IT corridor in China

India has launched its second IT corridor in China to cash in on the booming Chinese software market. NASSCOM has now set up one more digital collaborative opportunities plaza, also known as the SIDCOP platform, in China’s Guiyang. In December 2018, the NASSCOM established its first SIDCOP platform in the Chinese port city of Dalian, which is India’s first IT hub in China.

China invites Iran to attend SCO summit

China has invited the Iranian President to participate in the upcoming Shanghai Cooperation Organisation summit being organised in June 2018. The summit will be the first after the inclusion of India and Pakistan as members of the organisation in 2017. Iran, Mongolia, Afghanistan, and Belarus have been granted observer status.

1st drone-carried meteorological data monitor

China has successfully tested its first drone-carried meteorological data monitor to undertake atmospheric observations. Dropsonde also known as meteorological data monitor will gather data such as temperature, humidity, and wind direction and transmit them to ground receiving devices in real time. Dropsondes can be widely used in meteorological emergency, disaster & ecological monitoring.

US disinvites China from major naval exercise

US has withdrawn an invitation from China to participate in Rim of the Pacific (RIMPAC) drills over China’s expanded military footprint in disputed areas of South China Sea. RIMPAC is world’s largest international maritime warfare exercise. China began participating in the exercise in 2014, as part of an effort during the Obama administration to stabilize military relations with China.

Satellite to explore dark side of moon

China has launched a relay satellite “Queqiao” designed to establish a communication link between earth and a planned lunar probe that will explore the dark side of the moon. The launch is a key step for China to realize its goal of being the first country to send a probe to soft-land on & rove the far side of the moon. It will be the world’s 1st communication satellite operating from moon.

China, U.S. vow against trade war

China and US have issued a joint statement on economic and trade consultations, vowing not to launch a trade war against each other.The two sides agreed to take effective measures to substantially decrease U.S. trade deficit in goods with China.Trump administration want’s to lower America’s goods trade deficit with China by at least $200 billion by the end of 2020.

China’s first privately developed rocket

China has launched its first privately developed rocket from a launchpad in northwestern China on 17 May. The launch of the “Chongqing Liangjiang Star” rocket marks the first launch of a non-state Chinese rocket. The rocket was launched by OneSpace Technology and it uses energy-saving technology, such as wireless communications.

India 3rd largest solar market in world

According to Mercom Communications India, India emerged as the third largest solar market in the world in 2017 behind China and the US. As per the report, India set a new record with 9.6 GW of solar installations in 2017, which was more than double the 4.3 GW installed in 2016. The robust growth boosted the country’s total solar installed capacity to 19.6 GW as of December 2017.

ITBP to get more men and material

The Union government has decided to boost the manpower and infrastructure of the Indo-Tibetan Border Police (ITBP).Nine new battalions, a strategic sector headquarters on the front, a dozen patrol camps and 47 new border outposts along the China border over the next few years will be created. The Ministry of Home Affairs has given its in-principle approval.

First SCO tourism ministerial meeting

1st tourism ministerial meeting between the members of Shanghai Cooperation Organization was held in Wuhan, China. The meeting approved an action plan that will serve as a guideline for tourism cooperation between SCO member states from 2019 to 2020. The plan specifies measures taken to improve tourist experience &safety, develop tourist products & promote smart tourism.

China launched new satellite

China successfully launched a hyperspectral imaging satellite for comprehensive observation of the atmosphere, including air pollution. The Gaofen-5 satellite was launched off the back of a Long March 4C rocket from the Taiyuan Satellite Launch Center in northern Shanxi Province. It will help reduce China’s dependence on foreign hyperspectral satellite data.

China Launches ‘APSTAR-6C’ Communication Sat

China has launched a new communication satellite “APSTAR-6C” at the southwestern Xichang Satellite Launch Center. The satellite will provide TV transmission, communication, Internet and multimedia services to customers across the Asia-Pacific region. Both the satellite and the rocket were developed by the China Aerospace Science and Technology Corporation.

California’s economy is world’s 5th biggest

California’s economy has surpassed that of the United Kingdom to become the world’s fifth largest economy. California’s GDP of $2.7 trillion has overtaken the UK’s $2.6 trillion. California’s economic output is now surpassed only by the total GDP of the United States, China, Japan and Germany. All economic sectors except agriculture contributed to California’s higher GDP.

India, China militaries to set up hotline

Militaries of India & China have agreed to set up a hotline between their headquarters after the informal summit between PM Modi & President Xi in Wuhan.Hotline is regarded as a major confidence-building measure as it would enable the militaries of both countries to intensify communication to avert border tensions. India already has a hotline with Pakistan that was first used in 1991.

Dominican Republic cuts ties with Taiwan

The Dominican Republic severed ties with Taiwan after nearly 80 years. The Dominican Republic established diplomatic relations with China. Taiwan now has formal relations with only 19 countries, many of them poor nations in Central America and the Pacific. Panama cut its diplomatic ties in favor of Beijing in June last year.

Wuhan summit: India-China to collaborate

India and China have decided to launch together a launch joint economic project in war-torn Afghanistan.This would be the first ever Sino-Indian joint initiative in a third country. The two sides also decided give to momentum to economic partnership and joint global projects in health and disaster management

Giant Mosquito Found In China

Scientists have discovered a giant mosquito from the ‘Holorusia mikado’ species with a wingspan of 11.15 cm in China.First found in Japan, the Holorusia mikado species normally has a wingspan of about 8 cm. These mosquitoes do not feed on blood & the adults have a lifespan of only a few days and mainly feed on nectar.

China launched Remote sensing satellites

China has launched the first group of China’s Yaogan-31 remote sensing satellites into space on 10th April.The satellites were carried by a Long March-4C rocket. The mission also sent a micro nanotechnology experiment satellite into orbit. The satellites will be used for electromagnetic environment surveys and other technology tests.

Anti-dumping duty on phosphorus pentoxide

Based on the recommendation of the Directorate General of Anti-Dumping and Allied Duties, the revenue department has imposed an anti-dumping duty on import of Phosphorus Pentoxide from China.The duty has been imposed for five years.Phosphorus Pentoxide is used as a powerful desiccant and dehydrating agent and is a useful building block and reagent in the chemical industry.

IAF to conduct biggest combat exercise

The Indian Air Force (IAF) is going to conduct its biggest ever combat exercise along Pakistan and China borders.The exercise – Gagan Shakti, 2018- will take place from April 10 to 23.For the first time, the indigenous Light Combat Aircraft Tejas will be taking part in the exercise and will perform both the offensive and defensive roles.

China’s Tiangong-1 space lab set to hit Earth

China’s Tiangong-1 or Heavenly Palace space station is set to re-enter Earth’s atmosphere b/w March 31 & April 1.Scientists have underlined that the danger of Tiangong-1 being hit by falling debris is tiny, as the structure is likely to burn up in the atmosphere during its re-entry In 2011, China launched Tiangong-1 as a prototype for Beijing’s goal of establishing a permanent space station

Twin navigation satellites launched in China

China successfully launched twin satellites via a single carrier rocket in Xichang of southwest China‘s Sichuan province. This added two more members to its domestic ?BeiDou Navigation Satellite System? (BDS). The satellites and the rocket were developed by the Innovation Academy for Microsatellites at the Chinese Academy of Sciences and China Academy of Launch Vehicle Technology

China resumes data sharing on Brahmaputra

China pledged to continue data sharing of Brahmaputra and Sutlej waters. The decision was taken during the 11th meeting of the India-China Expert Level Mechanism (ELM) on Trans-border Rivers. The two-day meeting began on March 26 in Hangzhou. The data on water flows in both rivers is shared during the monsoons, to predict flooding, mainly in the northeast.

US launched WTO challenge against China

US has launched a challenge at World Trade Organization against China over intellectual property breaches. US is taking action at WTO to address China‘s unfair technology practices that run counter to WTO rules. This comes just as the US prepares to impose tariffs of 25% on imported steel & 10% on aluminum – sanctions that are meant to hit China for flooding world with cheap steel & aluminum

China building world?s fastest wind tunnel

China is building the world‘s fastest hypersonic wind tunnel to develop a new generation of super-fast aeroplanes that could fly from Beijing to New York within two hours. A wind tunnel is a tool used in aerodynamic research to study the effects of air moving past solid objects. Engineers use wind tunnels to test models of aircraft, automobiles and other machines.

Wang Yi promoted as State Councillor

China‘s Foreign Minister Wang Yi has been elevated to the post of State Councillor. The State Councillor, attached to the State Council, China‘s cabinet, is of a higher rank than Foreign Minister. Mr Wang will continue to retain the post of Foreign Minister.

Yi Gang is Governor of People?s Bank of China

China appointed American-trained economist Yi Gang as Governor of People‘s Bank of China. Yi is currently serving as Deputy to incumbent central bank Governor Zhou Xiaochuan. China‘s central bank does not operate independently of the government, and so Mr Yi will report to President Xi Jinping.

Sanjivani Jadhav won bronze in China

India‘s long-distance athlete Sanjivani Jadhav bagged a bronze medal at the 14th Asian Cross Country Championship held at Guiyang in China. Sanjivani clocked 28 minutes 19 sec in the senior women‘s 8 km event to finish 3rd. In the team ranking, India finished 3rd in senior women‘s event and bagged bronze medal with 28 points, finishing behind 1st placed Japan (12) and 2nd placed China (14).

Xi-Jinping gets 2nd term as China?s president

China‘s Parliament re-elected Xi Jinping as the country‘s president and also the chairman of Central Military Commission of the People‘s Republic of China on 17th March. On March 11, China passed a constitutional amendment to remove any term limits enabling Xi Jinping to hold presidential office beyond 2023. Wang Qishan was elected as Vice President of China.

Xi Jinping to become China?s leader-for-life

China‘s President Xi Jinping is all set to become China‘s leader-for-life as the country‘s parliament prepares to amend Constitution to remove 2 term limit for the president. He is currently in his 2nd five-year term & due to retire in 2023 under the current 2 term system. Xi is regarded as the most powerful leader of China after Mao as he held the posts of head of CPC, military & Presidency

First woman as combat officer in ITBP

In another first for women, 25-year-old Prakriti has been inducted as the first direct-entry combat officer in the border guarding force, ITBP. The ITBP force is the last of the CAPFs to induct women officers in combat roles after the government first allowed it to enroll them in 2016. ITBP guards the 3,488 km-long Line of Actual Control (LAC) between India and China.

China to launch “Long March-5B rocket”

China‘s heavy-lift ‘Long March-5B carrier rocket’, which is capable of carrying a payload of 25,000 kg in low earth orbit, will be launched into space in 2019. It will help carry the core module and experimental modules to China‘s space station. The carrier rocket will undergo testing this month in preparation for the first launch mission.

China sets 2018 GDP target at around 6.5%

China has set its GDP growth target at around 6.5% for 2018, unchanged from that for 2017. The projected growth rate reflects China‘s position of not over-emphasizing speed but stressing improvements in the quality and effect of development. Chinese economy outperformed its annual growth target by expanding 6.9 percent last year, picking up for the first time in seven year.

India 12th largest holder of US securities

5 : India‘s exposure to US government securities rose sharply to a high of $144.7 billion at the end of 2017. In 2017, China was the largest holder of US government securities with holdings to the tune of $1.18 trillion, followed by Japan at $1.06 trillion. Among the BRIC countries, India had the third largest exposure while that of Russia was lower at $102.2 billion.

Free Indo-Pacific region for India, Vietnam

India and Vietnam decided to deepen defence and security cooperation and resolved jointly for a free and open Indo-Pacific region. This comes in the wake of increasing assertiveness by China in the region, from South China Sea to the South Asian region. Vietnam is one of the key neighbours of China, and has resisted Chinese claims in South China Sea.

CPC clears the decks for third term for Xi

China cleared the decks for President Xi Jinping’s 3rd consecutive term in office, ahead of a crucial session of parliament next month.Communist Party of China proposed that the President and the Vice-President will not be constitutionally restricted to 2 consecutive terms in office.This, in effect, means that Mr. Xi, who is serving his 2nd consecutive 5-year term, can continue beyond 2023

China elected as FATF Vice President

India congratulated China for being elected Vice President of the Financial Action Task Force.China’s election to the FATF assumes significance as Pakistan is set to be put in the watchdog’s grey list. The FATF, also known as ‘Groupe d’action financière’ is an intergovernmental organization founded in 1989 on the initiative of the G7 to develop policies to combat money laundering.

Pakistan borrows $500 million from China

Pakistan has contracted a commercial loan of $500 million from the Industrial and Commercial Bank of China (ICBC) to shore up its depleting reserves.This is the 2nd loan that the ICBC has given to Pakistan to support its diminishing foreign currency reserves. The loans are obtained to stop the downward slide of the official foreign currency reserves that currently stand at $12.8 billion.

Tibetan Buddhism’s most sacred shrine damaged

A fire broke out at the most important shrine in Tibetan Buddhism –Jokhang Monastery in Lhasa.The incident took place as Tibetans were celebrating Losar, their traditional new year. The Jokhang monastery, which is over 1,000 yrs old, is a Unesco World Heritage Site. Tibet, the remote & mainly-Buddhist territory known as the “roof of the world” is governed as an autonomous region of China

China to host SCO Summit in Qingdao

China has announced that this year’s summit of Shanghai Cooperation Organisation will be held in the city of Qingdao in June.SCO focuses on security-related issues of the region specially on counterterrorism cooperation. It is comprised of China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan, India & Pak. China, which is one of the founders of SCO, plays an influential role in it.

Ashok Das appointed Indian envoy to Brazil

Ashok Das, a 1987 batch Indian Foreign Service (IFS) officer, was named India’s new Ambassador to Brazil.Das, presently additional secretary in the external affairs ministry, is expected to take up his assignment shortly, according to a ministry statement. Both India and Brazil are members of the BRICS economic grouping that also includes China, Russia and South Africa.

China reopens Nathu La route

11 : China has confirmed “resumption” of Kailash Mansarovar Yatra through the Nathu La route.Kailash Mansarovar yatra via Nathu La was not undertaken last year after the Chinese govt cited “unfavourable conditions” to ensure safe & smooth conduct of the yatra on this route. The yatra was stopped by China in the aftermath of the military face-off with India last year at Doklam.

First Indian to qualify for China LPGA

Sharmila Nicollet has become the first Indian golfer to qualify for the China Ladies PGA Tour. China LPGA Tour is a professional golf tour for women organized by the China Ladies Professional Golfers’ Association. Sharmila is also the youngest Indian golfer to qualify for Ladies European Tour & the second Indian to earn a full card on the Ladies European Tour.

Govt to spend ` 2.95 lakh cr on defence

The government hiked the defence budget for the next financial year to ` 2.95 lakh crore, a nearly 7.81% increase from last year.This includes nearly ?1 lakh crore allotted for capital expenditure including modernisation.The share of the defence budget in terms of GDP has slipped to 1.57%, the lowest since the 1962 Indo-China war.

New tunnel planned in Arunachal Pradesh

With increased friction along the border with China, the government is focussing on improving connectivity in such areas.Arun Jaitley proposed the construction of a new tunnel in Arunachal Pradesh.The tunnel is to be constructed under Sela Pass.Earlier Rohtang tunnel was built which has ensured all-weather connectivity to the Ladakh region and “Zozila Pass tunnel” is being constructed.

India’s Crude Steel Prod. Rises 6.2%

India has overtaken the US to become the world’s third-largest steel producer and the country is now looking to bag the second spot from Japan.Country’s crude steel production grew by 6.2% to 101.4 million tonnes, MT, in 2017 compared to 95.5 MT in 2016, according to the report by World Steel Association. China remained the world leader by producing 831.7 MT in 2017.

Satellite image shows build-up in Doklam

India and China are pursuing a “wide-ranging strategic build-up” in airbases close to the Doklam Plateau.It is according to the latest analysis of satellite imagery acquired by Stratfor. Doklam is an area spread over less than a 100 sq km comprising a plateau and a valley at the trijunction between India, Bhutan and China, surrounded by the Chumbi Valley.

China To Establish International Courts

China has decided to set up three international courts to deal with disputes related to its multi-billion dollar Belt and Road Initiative.The courts will weigh litigation, arbitration and mediation; providing legal support and solving initiative disputes. The Chinese Supreme People’s Court will set up international courts in Beijing, Xi’an, and Shenzhen.

China’s new military training manual

28 : China’s People’s Liberation Army, the world’s largest army, has published an officially approved outline for military training.It focuses on the PLA’s combat capability, highlighting military training under combat conditions & joint training. The new training outline makes it a mission of the PLA that by 2035, the modernization of the China’s national defence should be completed.

US slaps anti-dumping duty

Trump Administration has slapped anti-dumping duties on stainless steel flangs & finer denier polyester staple fiber from China & India.In 2016, imports of stainless steel flanges from China and India were valued at an estimated $16.3 million and $32.1 million, respectively. Exporters from China and India received countervailing subsidies of 41.73 to 47.55% and 9.50 to 25.28%, respectively

WEF Ranks India 30th on GMI

The World Economic Forum (WEF) has ranked India at 30th position on a global manufacturing index.India is below China’s 5th place but above other BRICS peers, Brazil, Russia and South Africa. Japan has been found to have the best structure of production in the Geneva-based WEF’s first ‘Readiness for the future of production report’ and is followed by South Korea, Germany.

Government to raise 15 new battalions

The government is planning to raise 15 new battalions in the country’s two important border guarding forces – the BSF and the ITBP.It is being done to fortify defence along the strategic frontiers with Pakistan, Bangladesh and China. While the BSF is the country’s largest border guarding force with a strength of about 2.5 lakh, the ITBP is about 90,000-personnel strong.

China commissions new missile frigate

China’s Navy has commissioned a new missile frigate, named ‘Rizhao’, in a naval port in China’s Dalian located in the Liaoning Province.Rizhao is China’s indigenous missile frigate.It is 140-meter-long and 16-meter-wide with the capability to displace more than 4,000 tonnes. It has the capability to attack enemy ships and submarines alone or along with other naval forces.

Properties worth Rs 1 trillion auctioned

Over 9,400 ‘enemy’ properties, worth more than Rs 1 trillion, are set to be auctioned by the home ministry starting the process of identifying all such estates.The properties were left behind by people who took citizenship of Pakistan and China. The move came after the amendment of the 49-year-old Enemy Property (Amendment and Validation) Act.

China to build naval base in Pakistan

After Djibouti, China is planning to build its second foreign naval base in Pakistan.The base is most likely to come up near Gwadar, according to Beijing-based military analyst Zhou Chenming. Gwadar is located at a short distance from Chabahar port in Iran, that is being jointly developed by Iran, India and Afghanistan.

China to build another base in Pakistan

After Djibouti, China is planning to build its second foreign naval base in Pakistan.The base is most likely to come up near Gwadar. A consensus was reached in one of the meetings between Chinese and Pakistani military officers that a military base would come up on the Jiwani peninsula near Gwadar. The base will be very close to the Iranian border.

Endangered plant species discovered

Scientists have discovered a new endangered species of flowering plants in China.It was discovered in southwest Chinas Yunnan Province during a field survey. The species, Primula Zhui, known in Chinese as Zhu Hua Baochun, was named after Zhu Hua, a researcher from the Chinese Academy of Sciences (CAS).

Pakistan to use Chinese Currency Yuan

The central bank of Pakistan gave its green signal to using the Chinese currency, Yuan for bilateral trade with China.The decision to cozy up to Beijing comes just a day after US President Donald Trump vowed to stop all aid to Islamabad.Adoption of the Yuan would mean that Pakistan & China would be able to replace the US dollar for transactions in China Pakistan Economic Corridor projects.

Vijay Gokhale Appointed Foreign Sec.

Former ambassador to China and current secretary (economic relations), Vijay Keshav Gokhale, has been named as India’s next foreign secretary.He will succeed S Jaishankar whose extended tenure will end on January 28.He is at present secretary (economic relations) in the Ministry of External Affairs.

China developed surveillance network

China has developed a new underwater surveillance network to help its submarines get a stronger lock on targets while protecting the nation’s interests along the maritime Silk Road.The system, which has already been launched, works by gathering information about the underwater environment and detect threats.The project is led by the South China Sea Institute of Oceanology.

China tests first photovoltaic highway

China has successfully tested its 1st photovoltaic highway based on home-grown technology, in it’s eastern Shandong province.The road is constructed using solar panels which have a thin sheet of clear concrete on top of them. Panels will transfer energy to electric vehicles passing on top of them.With this China became the 2nd country to construct a photovoltaic highway.

Largest Human Research Project in China

The world’s largest human genome research project of 100,000 people was launched by China.The aim of the project is to document their genetic makeup for a study that aims to help generate the precision medicines of the future.It is the country’s first large project detecting the genetic links between health and sickness.

World’s Longest Glass Bridge in China

The world’s longest glass bridge has been opened in China to the public.Though it has a capacity to hold 2000 people, only 500 would be allowed at a time.Located in Shijiazhuang, the bridge lies 218 meters above hanging between the two cliffs in Hongyagu Scenic Area in Pingshan county.The bridge is 488 meters long & 2 meters wide, with two dragon statues on top that could produce smoke.

Google’s Machine Learning Research Lab

In an apparent move to rebuild its presence in China, Google announced that it will open a research lab focused on Artificial Intelligence (AI) in Beijing, China.It will be its first such centre in Asia.The “Google AI China Centre” will join the other AI research groups that the company has in other parts of the world, including in New York, Toronto, London and Zurich.

Sri Lanka hands over port to China

Sri Lanka has formally handed control of ‘Hambantota’ strategic port on its southern coast to China as part of a 99-year lease agreement.The port is near main shipping route from Asia to Europe & likely to play a major role in China’s “Belt and Road” initiative.The port was signed on a 99-year lease because Sri Lanka cannot repay Chinese loans it took out to build the port in first place.

China launches remote sensing satellites

On 21st November 2017, China launched three remote sensing satellites Jilin-1 04, Jilin-1 05 and Jilin-1 06 from Taiyuan Satellite Launch Center in China’s northern Shanxi Province. The satellites have been designed to improve observation capability to promote commercial use for the remote sensing industry. The system will be used for wide imaging, video imaging, and multispectral imaging.

Nepal opens bridge built by India’s help

Nepal inaugurated a bridge on the Kaligandaki River at Jomsom area in Mustang district near China border. This bridge has been built with the financial assistance of 44.5 million Nepali rupees provided by India as a part of India–Nepal Economic Cooperation programme. With the inauguration of this bridge, people of Mustang now have direct motorable connectivity.

China launches two navigation satellites

China has launched two BeiDou-3 satellites into space through a single carrier rocket. The two newly-launched satellites represent the third phase of the BeiDou Navigation Satellite System. This system will provide services for countries involved in the Belt and Road Initiative, and form a complete global satellite navigation system by 2020.

Disrespecting national anthem punishable

China has made disrespecting the national anthem a criminal offence, punishable by up to three years in prison. According to the amendment passed, penalties include detention, imprisonment of up to three years and the deprivation of political rights. Such punishments previously applied to the desecration of the national flag and emblem in public.

Asia’s largest Island-Building Vessel

China unveiled Asia’s largest artificial island-building ship. The 140-metre-long vessel, which has been dubbed as “magic island maker”, is capable of digging 6,000 cubic metres an hour. The boat named Tian Kun Hao is equivalent of three standard swimming pools.

World’s tallest statue of Shivaji

A 210-meter-high statue of Chhatrapati Shivaji Maharaj is being built in the sea off the Mumbai coast. It will be the world’s tallest statue, once built. Currently, the Spring Temple Buddha statue, which stands at 208 metres in China, is the world’s tallest statue. Shivaji Bhonsle, also known as Chhatrapati Shivaji Maharaj, was an Indian warrior king and a member of the Bhonsle Maratha clan

Ambani becomes Asia’s Richest Person

Chairman of RIL Mukesh Ambani overtook China’s Hui Ka Yan to become Asia’s richest person with a total wealth of $42.1 billion, according to Forbes’ real-time billionaire’s list. Ambani’s personal wealth rose by $466 million. Globally, Ambani stood at the 14th spot on Forbes’ real-time billionaire’s list.

Bisaria: High Commissioner to Pakistan

India has appointed Ajay Bisaria as the next high commissioner to Pakistan. He is currently ambassador to Poland. Bisaria takes over from Gautam Bambawale, who was last month appointed India’s ambassador to China. Bisaria was in charge of the Eurasia desk that looks after India’s ties with Russia and the Central Asian republics, prior to his appointment as India’s ambassador to Poland.

First Tesla factory outside US

Electric car maker Tesla has set up its first electric car manufacturing plant outside the US at Shangai in China. China has the world’s largest auto industry. Tesla, Inc. is an American automaker, energy storage company and solar panel manufacturer based in Palo Alto, California. It was founded in 2003 and its CEO is Elon Musk.

Anti dumping probe against PTFE resin

The US has initiated an antidumping duty investigations against the import of polytetrafluoroethylene (PTFE) resin from India and China. These investigations were started based on petitions filed by the Chemours Company on September 28. Anti-dumping measures are taken to ensure fair trade and provide a level-playing field to the domestic industry.

Government imposes anti-dumping duty

The Union Finance Ministry has imposed anti-dumping duty on imports of certain steel wire rods from China for five years. It is done to guard interest of domestic players from cheap in-bound shipments. Anti-dumping measures are taken to ensure fair trade and provide level-playing field to domestic industry.

Standard Chartered opens its GBS centre

Standard Chartered Bank opened its Global Business Services (GBS) centre in Bengaluru, which will complement its existing GBS centres in China, India and Malaysia. The GBS in Bengaluru will deliver support, client due diligence and advisory services for Standard Chartered’s corporate and institutional banking customers. It was founded in 1969 and is headquartered in London, UK.

Rafael Nadal Wins China Open Title

World number one Rafael Nadal (Spain) won his sixth title of this year. He defeated Nick Kyrgios (Australia) at the China Open 2017. Nadal, a 16-time Grand Slam winner, came to the Chinese capital Beijing on the back of winning his third US Open.

Fastest growing oil market

3 : According to Moody’s Investors Service, India will surpass China as fastest-growing petroleum product market in Asia with fuel consumption rising 6% in 2018. As economic activity in China dials back, Moody expects its refined product demand growth will moderate to 2.5 -3 % in 2017-18. For Asia, Moody’s estimates that Asia’s incremental growth in demand for fuel of around 0.7 mn barrels per day

China operationalises stealth fighter

China has announced commissioning of the radar-evading J-20 stealth fighter jets into military service, giving its air force an edge in the region. The J-20 is China’s fourth-generation medium and a long-range fighter jet. J-20 is only the third stealth fighter to enter service with any air force, after the F-22A Raptor and the F-35 Joint Strike Fighter.

Intercontinental quantum video call

China has held the world’s first quantum intercontinental video conference between laboratories in Beijing and Vienna. The call was held using a new world first space-ground quantum communication network that experts say could revolutionize how humans connect. The encrypted communication system was being trialed for potential ‘real-world applications by govt, banks & insurance companies.