2.3 % Grew in China’s Economy

-
Image
  China’s economy recovered to pre-pandemic growth rates in the fourth quarter, propelling it to a stronger than expected full-year expansion of 2.3% and making it the only major one to avoid contraction.  Gross domestic product climbed 6.5% in the final quarter from a year earlier, fueled by stronger-than-expected industrial output, the statistics bureau said Monday.   Covid-19, which has ravaged the world economy, first emerged in central China in late 2019. But the world's second-largest economy also became the first to bounce back after imposing strict lockdowns and virus control measures. It is expected to be the only major world economy clocking positive 2020 growth. In the last three months of 2020, China's economic rebound continued with a better-than-expected 6.5 percent growth on-year, a sustained improvement since the second quarter. This brings it back to a pre-pandemic trajectory, although full-year 2020 growth is still its worst performance since 1976, when the ec
1 comment

India's Digital Retaliation

-
 
The Government of India on Monday (30 June) banned 59 chinese mobile applications, including social media platforms such as TikTok, Wechat and Helo. The reason behind the ban is - application posed threat to country's “ sovereignty and security”. But this issue is also present with Google, Facebook, Twitter. Then why are they left?  The reason is clear: India took this step to give a strict statement to China. Chinese apps were on target of the government for a long time but after the recent conflict on border government fired the trigger. India is a big and growing market for 59 chinese apps banned in the country. TikTok was among the most popular  among them, and had 16.4 million new installs in June. Overall, the app has 200 million active users in India. According to the data of Sensors Tower, the app generated revenue of $924,000 from June 2019 to June 2020 in India through user spending alone. Adding advertising revenue, overall revenue would be a lot higher. To become the world's most powerful country China is using very wrong tactics. And apps are the biggest weapon in that. In recent times cyber attacks on Australia is an example of this. Strategic experts believe that in future war will be fought on technological ground. And for fighting like this personal data is very important, which can be stolen from these apps easily. The ban has given an opportunity  to Indian app makers to grab the space left from these apps. While India and China are locked in a military standoff and engage in defense and diplomatic dialogues to de-escalate the situation, public opinion in India is split over whether recent government actions are apt or enough. Some believe that an alteration of the Indian map cannot be rightfully responded to through government action against Chinese apps; others, meanwhile, opine that it is a strong economic move, especially in the technology and telecommunications sector.

Comments

Post a comment

Popular posts from this blog

The Dragon's Way

-
Image
After the border tensions between India and China. "Boycott China" emotions have started trending again. India is now importing almost 80 billion dollar worth of goods from China which is 17% of it's total imports. The influx of chinese products began in 1992 when globalisation began in India and now it has a stronghold in many sectors of Indian industries. One of the most impacted sector from chinese imports is electronics especially smartphones and mobile parts. India imports most of it's pharmaceutical supplies from China which can prove to be a big problem in the future if Indo-China tensions intensify. China is now world's second largest economy and India will have difficulty in boycotting it's goods. But it is not impossible to boycott China. We need to know the root cause of how chinese communist party wants to dominate the world and what dirty tactics are used by them for achieving this economically, politically. The border disputes which China are doi
Read more

Indo-China Border Dispute

-
Image
India and China share a border of 3440 km long and have overlapping territorial claims. Their border patrols often bump into each other, resulting in small struggle but both the sides insist no bullet has been fired in four decades. Army of both the country came face to face at many points. The poorly demarcated Line of Actual Control (LAC) separates the two sides. Rivers, lakes and snow caps mean the line separating the solider can shift and they often came close to confrontation. History of dispute India and China fought a war in 1962 over their contested in the border in the Himalayas. The war ended with a truce and the formation of a De Facto boundary, known as the LAC. There has been an uneasy and fragile peace since the war. No official border has ever been negotiated,the region where clashes is hostile terrain, at high Altitude and less populated running through the Ladakh region bordering Tibet. What is Line of Actual Control ( LAC) ? LAC is a loose demarcation line that separa
Read more