Some Good News
Good News from India
Malcolm Turnbull Talks up Coal in Delhi. Malcolm Turnbull touched down in New Delhi on Monday for his first official visit to the south Asian giant. Selling Australia as an attractive destination for Indian students and reviving negotiations over a free-trade agreement are high on the agenda as the government vies for a slice of the world’s fastest growing major economy.
April 10, 2017
India-led Anti-terrorism Convention Gaining Momentum. Cyprus has backed the India-initiated Comprehensive Convention on International Terrorism (CCIT) in the UN, a joint statement issued on Saturday following Cypriot President Nicos Anastasiades’s visit to India said.
April 29, 2017
In India, Eurasia Union to Seal Pact. India is set to formalise a free trade agreement with the Eurasian Economic Union, clearing the decks for negotiations on deepening trade relations with the five former Soviet republics. The free trade agreement to open up market with trade potential of up to $62 billion.
April 28, 2017
Good News from China
China Eases Yuan Outflow Controls in Sign of Recovered Confidence. China has taken a small step to relax its controls over yuan outflows, sources told the South China Morning Post, reflecting that Beijing is seeing a smaller risk of capital exodus and greater market confidence in the value of the yuan.
April 18, 2017
China to Cut Taxes by $55 billion This Year. China is cutting taxes this year by 380 billion yuan ($55 billion) in efforts to encourage spending and boost growth. The value-added tax system will be reduced from four brackets to three, and the tax rate for products including natural gas and farm items will be cut to 11 percent from 13 percent.
April 19, 2017
China’s First Cargo Spacecraft Docks with Orbiting Space Lab. China’s first cargo spacecraft docked successfully with the Tiangong-2 space lab on 22 April, the official Xinhua news agency reported, marking a major step towards Beijing’s goal of establishing a permanently manned space station by 2022.
April 22, 2017