Under the Radar News 11.19.10

Posted on Friday, November 19, 2010 by Amy Chang

A weekly compilation of underreported events in Asia

  • Chinese Vice President Xi Jinping visits countries in Africa to shore up Chinese resource deals and pledge continued investment in the contintent. During his visit, China and South Africa signed a series of trade agreements on resources and minerals.

  • Pakistan confirmed that it plans to arm its JF-17 fighter aircraft (jointly manufactured with China) with Chinese-made missile and radar systems. It will also evaluate several Chinese surface-to-air missile systems for acquisition

  • Analysts believe North Korea may be preparing to conduct for another nuclear test and to build a light-water nuclear reactor. These actions are speculated to grab international attention and provide pressure in negotiations.

  • China Steel, Taiwan's largest steel producer, plans to team up with China's Baosteel to invest in iron ore mines abroad.

  • Kashgar, a Chinese city close to Pakistan, Afghanistan, and Central Asia, will be turned into special economic zone, emulating the Shenzhen model for economic development.

  • China vowed to "positively explore" new ways for low-carbon development in order to effectively control greenhouse gas emission and contribute to the global sustainable development.

  • India, Russia, and China signed a trilateral statement on cooperation in the fields of energy, high-tech sectors, innovation and modernization, aerospace, cultural exchanges, and health care and medicine. It also emphasized the necessity to step up efforts aimed at tackling terrorism and prosecuting terrorists and their supporters.

  • Malaysia strengthens bilateral ties with India with multiple trade agreements. Malaysia will also facilitate entry of Indian entrepreneurs into Southeast Asia and act as India's gateway into ASEAN.

  • With an investment of US$1.2 billion, China begins damming the Yarlung Zangbo (Brahmaputra) river for a hydropower station with a total installed capacity of 51 megawatts and anticipated to be in operation by 2014.

  • India allocated over US$400 million to boost missile and avionics defense research in Hyderabad.

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