As the Chinese initiative is primarily for Beijing to exert its influence over the region, investors are not seeing much possibility of financial returns.
Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.
The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
Narendra Modi is the real asset as a prime Minister. India as a Nation excelled a lot under his leadership. He is an honest man and a patriot . All the projects launched by him are running smoothly. From Sabarmati river in Gujarat front to Bogibeel bridge in Assam via Varanasi we can experience rapid development from 2014 to 2019 . From Chenani Nasri Tunnel in Jammu and Kashmir to Sagarmala in South India via Solar plant in Karnataka everything is Modi magic . Don’t think elect him again.
The difference that I see between China and other nations is that most capitalist economies drive money making by gambling/trading without producing corresponding goods and services. I consider the gambling/trading in stock/commodity/currency market as the key reason for economic failures and uncertanities. China on the other hand does not encourage gambling/trading on such things and focus on producing goods and services. Obviously, the exchange rate advantage is always there compared to Western countries. The world will move towards a single global currency when people realize the advantage/disadvantage of multiple currencies and exchange rates.
While the article is generally correct, the tone and tenor are slightly misplaced. The world did not take a considered decision that China’s economic reforms will lead to political reforms and freedom. Like all such decisions, it was motivated by greed and self-interest. It is another matter that the Communist Party proved smarter.
The Chinese have justified the bet the world took on their eventual success. The rest of the world, led by the United States, needs to start a new dialogue with the dragon, pointing out the areas where the Chinese need to pay their fair share, starting with greater access to their market, respect for the rules of the road, a less threatening posture in their neighbourhood. That said, no power on the planet can impede the continuing rise of China, of its economy becoming al out as advanced and innovative as America’s. Neither the trade war, nor the larger enterprise of containing China, is good for the world. The global economy needs the powerful engine China’s economy has become to stay airborne. Internal political developments are something the Chinese people have to resolve with their government.
Narendra Modi is the real asset as a prime Minister. India as a Nation excelled a lot under his leadership. He is an honest man and a patriot . All the projects launched by him are running smoothly. From Sabarmati river in Gujarat front to Bogibeel bridge in Assam via Varanasi we can experience rapid development from 2014 to 2019 . From Chenani Nasri Tunnel in Jammu and Kashmir to Sagarmala in South India via Solar plant in Karnataka everything is Modi magic . Don’t think elect him again.
The difference that I see between China and other nations is that most capitalist economies drive money making by gambling/trading without producing corresponding goods and services. I consider the gambling/trading in stock/commodity/currency market as the key reason for economic failures and uncertanities. China on the other hand does not encourage gambling/trading on such things and focus on producing goods and services. Obviously, the exchange rate advantage is always there compared to Western countries. The world will move towards a single global currency when people realize the advantage/disadvantage of multiple currencies and exchange rates.
While the article is generally correct, the tone and tenor are slightly misplaced. The world did not take a considered decision that China’s economic reforms will lead to political reforms and freedom. Like all such decisions, it was motivated by greed and self-interest. It is another matter that the Communist Party proved smarter.
Wouldn’t a little humility from the Trump administration be wonderful for the world as well …
The Chinese have justified the bet the world took on their eventual success. The rest of the world, led by the United States, needs to start a new dialogue with the dragon, pointing out the areas where the Chinese need to pay their fair share, starting with greater access to their market, respect for the rules of the road, a less threatening posture in their neighbourhood. That said, no power on the planet can impede the continuing rise of China, of its economy becoming al out as advanced and innovative as America’s. Neither the trade war, nor the larger enterprise of containing China, is good for the world. The global economy needs the powerful engine China’s economy has become to stay airborne. Internal political developments are something the Chinese people have to resolve with their government.