India Announces Plan to Invest $13 billion in Infrastructure. The finance ministry on December 12 said it expects investment to the tune of $13 billion (about Rs 85,000 crore) in infrastructure through the National Investment and Infrastructure Fund (NIIF).
Sonia Gandhi Retires as India Congress Party President. The leader of India’s main opposition Congress party, Sonia Gandhi, has retired from her post, the party confirmed on December 14. Her son, Rahul Gandhi, has been elected unopposed as the new president and will officially take charge on December 16.
Nissan Sues India over Outstanding Dues. Japanese automaker Nissan Motor has begun international arbitration against India to seek more than $770 million in a dispute over unpaid state incentives. In a legal notice sent to Prime Minister Narendra Modi last year, Nissan sought payment of incentives as part of a 2008 agreement to set up a car manufacturing plant in Tamil Nadu.
South Korean President Moon in China on Visit to Repair Ties. Welcoming Moon at the Great Hall of the People in the heart of Beijing, Xi said relations had suffered setbacks “for reasons known to all.” Moon responded that there have been “temporary difficulties” between the sides, but they “provided an opportunity to think from the other’s perspective.”
China Summons Australian Ambassador amid ‘Influence’ Debate. Australia’s ambassador to China was summoned to a meeting with Beijing officials amid strained ties between the nations. It came three days after Australian PM Malcolm Turnbull cited “disturbing reports of Chinese influence” – among other reasons – in announcing a crackdown on foreign interference.
China Building Refugee Camps along Border with North Korea. China is quietly building a network of refugee camps along its 880-mile (1,416km) border with North Korea as it braces for the human exodus that a conflict or the potentially messy collapse of Kim Jong-un’s regime might unleash.