Under the Radar News 8.13.10

Posted on Friday, August 13, 2010 by Steve Gummo

A weekly compilation of underreported developments in Asia

  • Indian police forces have arrested two members of the Pakistani Inter-Services Intelligence (ISI) after unearthing an elaborate terror plot in the Bangalore region. The plot attempted to destabilize the government by engaging and supporting native Maoist rebels.

  • The Japanese government is refusing a US$435 million loan to Guam for a sewage renovation project necessary for the U.S. Marine Corps' Futenma relocation. Following difficult negotiations and other complications, the move may not be completed until 2020.

  • The PRC plans to invest over US$15 billion (100 billion Yuan) over a ten-year period to develop “green” automotive technology. China is expected to produce 15 million green automobiles annually by 2020, with a focus on the production of electric vehicles.

  • Taiwan, possessing Asia’s fourth-largest stock market, is in discussion with Japanese authorities to list exchange-traded funds in Japan. This move is part of Taiwan's aspiration to become an international fund-raising center.

  • Japan’s national debt has reached over 900 trillion yen, or US$10.6 trillion; 1.9 times the GDP of the island nation for the 2009 fiscal year. Government officials project that the Japanese debt will cap at 973 trillion yen in March 2011.

  • General Liu Yazhou, a two star general in the People’s Liberation army, released a pointed commentary in Hong Kong’s Phoenix magazine stating that the PRC must either adopt U.S.-style democracy or face a collapse similar to that of the former Soviet Union.

  • Due to budgetary constraints, Tokyo considers cutting the Japan Exchange and Teaching program - an initiative viewed by others as a key element of its public diplomacy program, particularly in promoting U.S.-Japan relations.

  • Chinese authorities have arrested a Uyghur farmer who attempted to file a complaint against the seizure of his property by local governmental officials.

  • Thailand’s High Court rejected an appeal request on behalf of ousted Prime Minister Thaksin Shinawatra concerning the 2006 government seizure of his personal assets.
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