"Problematic maps refer to those that do not portray China's territory correctly, covering the inclusion of the island of Taiwan, the national boundary lines on Taiwan Island, clear delineation of the Diaoyu Island and islands in the South China Sea and nine-dash line. China views Taiwan as a rebel province that must be reunified with the mainland, even by force. … [Read more...] about Beijing city to crackdown on maps not displaying Taiwan, disputed areas as part of China
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NEW DELHI: Vietnam has taken an appropriate decision by asking its citizens to fish legally after China attempted to put fishing limits in South China Sea where Beijing has yet again displayed aggression in last few weeks while the world is busy fighting Covid. The unilateral action by China to ban fishing in SCS and threat fisherman is bullying tactic, according to experts. The threat by China to its neighbours must be met through solidarity and unity among China’s neighbours and members of the international community. Vietnam rightfully is encouraging fishermen to stick to normal production within the limits of Vietnam’s territorial waters as it rejected China’s order of a seasonal ban from May 1 to August 16 in the South China Sea. The Ministry of Foreign Affairs denounced the fishing ban, saying Vietnam rejects China’s unilateral decision In early April, China sank a boat carrying Vietnamese fishers. Also last month, China reportedly sent a ship into … [Read more...] about China’s increasing belligerence in South China Sea threatens international peace and regional stability
The Chinese strategy was focused on 89 square kilometres of the Doklam plateau, 42 square kilometres on Sinchulimpa and 138 square kilometres of Gin, Shakhatoe and Dramana pasture lands— all of them disputed with India’s core ally Bhutan. Unilateral accession of territory in the Doklam plateau would allow the Chinese better military penetration of the Siliguri corridor much to India’s chagrin and a change in the status of Sinchulimpa, Gin, Shakhatoe and Dramana would give strategic width to the PLA, sandwiched between Sikkim and Bhutan. … [Read more...] about Resolution of the Doklam stand-off is a case study on how to deal with China
By Duncan Bartlett People experiencing a life in lockdown often report that certain relatives and friends feel closer than before. However, they also say that some of their associates seem more distant than ever, even if they are actually near neighbours. Similarly, the dramatic changes caused by coronavirus have shaken up relationships between Asian nations. India recently marked 70 years of diplomatic relations with Beijing but there is a disturbing backlash against China on social media. Many posts seethe with anger relating to the origin of the Covid-19 virus in Wuhan and alleged attempts to cover it up. Some of this resentment is stoked by the hawks in the United States, who suggest the pandemic is China’s deliberate and malevolent attack upon the world. China bristles in defence against such allegations. State media presents the situation as a terrible but unavoidable natural disaster. It talks of the People’s War against the virus and praises the bravery of its … [Read more...] about View: Can India benefit from the world’s frustration with China?
The market does not know what is the true underlying quality of the book on which it is paying a multiple, says Neelkanth Mishra, India Equity Strategist. What is your understanding of the way the shape of the Indian economy is moving? The optimists would say it is a V-shape recovery, a pessimistic would say that it is difficult to predict. What is the right way of looking at the new normal for India? The situation we are in right now, we need to assume that the virus is still not under control. We are still seeing a doubling rate of cases and in many of the large cities, the medical infrastructure is starting to get overwhelmed. The government has now realised the challenges of enforcing a lockdown because in Mumbai, a lot of the police personnel are infected and several have unfortunately died. The ability to enforce a lockdown is also limited and therefore, the state is receding. The government is now realising that they need to rope in civil society. So societal structures are … [Read more...] about Credit Suisse on why financials are the worst performing stocks globally