On 8 November, Prime Minister Narendra Modi gave only four hours’ notice that virtually all the cash in the world’s seventh-largest economy would be effectively worthless.The Indian government likes to use the technical term "demonetisation" to describe the move, which makes it sound rather dull. It isn’t. This is the economic equivalent of "shock and awe".Do not believe reports that this is primarily about bribery or terror financing, the real target is tax evasion and the policy is very daring indeed.You can see the effects outside every bank in the country. I am in Tamil...
发布时间:
2016
-
11
-
16
浏览次数：25
World greenhouse gas emissions stayed flat for the third year in a row in 2016, thanks to falls in China, even as the pro-coal policies of U.S. President-elect Donald Trump mean uncertainty for the future, an international study said on Monday.Carbon dioxide emissions from fossil fuels and industry were set to rise a tiny 0.2 percent in 2016 from 2015 levels to 36.4 billion tonnes, the third consecutive year with negligible change and down from three percent growth rates in the 2000s, it said.The Global Carbon Project, grouping climate researchers, welcomed the flatlining of emissions amid glo...
发布时间:
2016
-
11
-
15
浏览次数：38
China’s 600 km/h maglev (magnetic levitation) train project, launched earlier this year, is in full swing.Jia Limin, head of China’s high-speed rail innovation program, said a high-speed maglev test line with a length of no less than 5 kilometers under the project is expected to be completed by 2021.CRRC Corporation Limited, China’s largest rail transportation equipment maker, said it would construct the test line.In addition, Shandong Province in east China plans to construct a high-speed maglev system that runs from Jinan, the province’s capital city to Qingdao, which is the first operation ...
发布时间:
2016
-
11
-
14
浏览次数：25
A total of 4.9 million people have been forbidden to take airplanes for their poor credit record, in a move experts say aimed at improving China’s social credit system and the corresponding punishment system.Lian Weiliang, deputy head of the National Development and Reform Commission, said on Tuesday that 4.9 million people have been prohibited from taking airplanes and 1.65 million cannot take trains due to their credit defaults.Lian said that China has improved its social credit system recently by assigning unified social credit code to every citizen and corporation. A nation-wide informatio...
发布时间:
2016
-
11
-
11
浏览次数：25
China’s rail freight volume, an indicator of economic activity, rose for a third straight month in October, China Railway Corporation said on Monday.Rail freight volume increased 8.4 percent year on year to reach 244 million tonnes last month, the highest level since February 2015. During the first ten months of the year, volume fell 4.8 percent year on year.The corporation attributed October’s rise to a stabilizing economy and improved commodity markets.China’s economy grew 6.7 percent in the third quarter, holding steady with the second quarter and within the annual target range.The second h...
发布时间:
2016
-
11
-
10
浏览次数：30