Torbjørn Færøvik's Blog, page 1339

India clears $8 billion warships project to counter Chinese navy

India's government has cleared a $8 billion plan to build the country's most advanced warships, defence sources said, just months after ordering new submarines to close the gap with the Chinese navy in the Indian Ocean. 

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China has plans for four aircraft carriers by 2030

The Chinese navy has started work on the country’s second aircraft carrier and has plans for four, according to the South China Morning Post. Read more

Under Xi, China's defense budget seen defying economic slowdown

President Xi Jinping is expected to authorize robust defense spending for this year despite China's slowing economy, determined to strengthen the country's armed capabilities amid growing unease in Beijing at Washington's renewed focus on Asia. Read more

Lunar New Year celebrations begin in China and across Asia

In China, hundreds of millions of people are travelling home in what is considered the world's biggest annual human migration. State media says about three billion passenger trips will be made by plane, train and car over the 40-day period. Read more

Torture Rife in China's Judicial System, Group Tells U.N.

The ruling Chinese Communist Party allows a climate of impunity for those who torture and mistreat inmates and detainees, which is now endemic throughout the country's judicial and law enforcement system, a network of rights groups told the United Nations on Tuesday. Read more

Rumors of the CCP’s impending demise may well be exaggerated

Certainly China faces some big problems: CCP unity vs. factional divergences, economic miracles vs. widening wealth gap, social harmony vs. disruptive unrest. Yet I firmly believe these shortcomings will not by themselves ring the death knell of the CCP nor trigger the collapse of the country’s so-called ‘’socialist system with Chinese characteristics". Read more

As Rivals Falter, India’s Economy Is Surging Ahead

China's economy is slowing, and Russia's, too. Now, India is emerging as one of the few hopes for global growth. Read more

China’s Great Firewall threatens ties to the rest of the world

The Chinese effort is oppressive, foolhardy, and potentially damaging not only to the Chinese economy — businesses need fast, accurate information to stay competitive — but to the day-to-day ties that bind China to the rest of world. Read more

Politburo, army, casinos: China’s corruption crackdown spreads

Authorities say 100,000 officials have been punished so far. But crackdowns tend to come at a cost. Read more

India’s growth rate is suddenly rivaling, even outpacing, China’s.

The Indian elephant is set to outpace the Chinese dragon to become the world's fastest growing emerging economy. China's era of supercharged expansion looks to be coming to an end. Read more