Tag Archives: China

Just Forget Nuclear Arms race. China started Artificial intelligence Arms Race

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China Started AI arms race.

China unveiled a ‘grand national plan’ to become the World leader in Artificial Intelligence by the year 2020.China is leaving no stone unturned to become the leader in this filed by the year 2020.

The China State Council released a detailed policy document to achieve the target. Strategies and policy were mentioned in details to provide the conducive environment for the development of Chinese artificial Intelligence Industry.

Apart from Artificial Intelligence other disruptive technologies were also discussed in great detail in this Policy document. Super Computing,Brain Science and Deep learning are technological areas that will be promoted as part of this policy.

According to this policy document Artificial Intelligence has become the new focus of the International competition. It has become the new engine of the economic development.

This vision document wants to build a $150 billion Artificial intelligence industry in coming years.Chinese tech giants like Baidu,Tencent and Alibaba have established AI research center in the United States.China is not the only country that is understanding the importance of the Artificial Intelligence. RecentlyThe United Kingdom consulted experts to understand the Artificial Intelligence and its impact on economy, society, law and order and ethics.

The United States government is also doing the same. During National Governors association meeting Tesla and SpaceX CEO Elon Musk warned the US government regarding the impact of Artificial Intelligence on humanity.

Elon Musk said “AI is a fundamental existential risk for human civilization, and I don’t think people fully appreciate that.”Musk termed AI as “the scariest problem”.Musk urgfed the government to formulate a regulatory authority that will define the scope of the AI.

Stephen hawking and other prominent AI innovators already raised concern regarding the misuse of Artificial intelligence and Robotics.

Alibaba founder and chairman Jack Ma also warned that AI is going to change the society in a drastic way as robots are going to eat jobs and will replace CEOs in coming years

Russia and China started joint naval exercise in disputed south china sea

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This joint exercise by both nation is the signal of a deeper understanding between China and Russia.

China and Russia have begun their first naval exercises in South China Sea. Though Chinese media is claiming that the joint exercise is being carried out within China’s coastal waters.
This joint exercise by both nation is the signal of a deeper understanding between China and Russia.
The eight-day exercise has been named as Joint Sea-2016.

Russia supported China on South China Sea ruling on ‘legal basis’.Russian president said in G20 summit held in Hangzhou “as far as the Hague Arbitration Court and its rulings are concerned, we agree with and support China’s position to not recognise the court’s ruling.” He added: “And I’ll tell you why. It is not a political but a purely legal position. It is that any arbitration proceedings should be initiated by parties to a dispute while a court of arbitration should hear the arguments and positions of the parties to the dispute. As is known, China did not go the Hague Court of Arbitration and no one there listened to its position. So, how can these rulings be deemed fair? We support China’s position on the issue.”

According to Chinese navy the eight-day exercise includes “live-fire drills, sea crossing and island landing operations, and island defense and offense exercises by marine corps.
Aside from the marines, Chinese and Russian surface ships, submarines, planes, helicopters and amphibious armored equipment would be used, Liang said.

“Russia has sent some of its best vessels, including the Ropucha-class landing ship, and the Udaloy-class destroyer” to participate in the exercises, according to Chinese state-run broadcaster CCTV.
The 7,500-ton Udaloy-class destroyers are designed for anti-submarine warfare, while the 4,000-ton Ropucha-class landing ships are designed to carry up to 24 armored vehicles directly onto beaches.

[Image Credit Wikipedia]

Arms Race Again? China Modernizing its Nuclear Force to Counter US, Russia and India

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Nuclear Arms race

The Pentagon revealed that China was deploying new military and nuclear capabilities in the face of growing advances in US and Russia. India’s nuclear force is also a major reason behind China’s steps towards modernizing its nuclear force.

In a report to the US Congress, the Pentagon Report revealed that China was deploying new command and control systems and communication capabilities to its nuclear defence forces to control multiple-units In the field. The new technologies are being set up with an aim to counter the US and other countries’ ballistic missile defence system including manoeuvrable re-entry vehicles (MaRVs), MIRVs, decoys, chaff, jamming, and thermal shielding.

China has also increased its troop along Indian border and is setting up military bases in various parts of the world, particularly with its longstanding friend Pakistan. Pakistan remains China’s major market for conventional weapons. China is involved in both arms sales and defense industrial cooperation with Pakistan, including LY-80 surface-to-air missile systems, main battle tank production, air-to-air missiles, and anti-ship cruise missiles.

The Pentagon report said that despite India-China’s strengthening political-economic relationship, “tensions remain along disputed portions of the Sino-Indian border, where both sides patrol with armed forces.” After a five-day military standoff in September 2015, at Burtse in Northern Ladakh, China and India held had agreed to maintain peace, and retreated to mutually acceptable positions to both sides.

With the emerging military might of China and its growing economic dominance in the world, it will be interesting to see how the major powers of the world will respond. If a tit-for-tat strategy is adopted then the world is slowly moving towards another era of arm’s race.

Could the BRICS New Development Bank usher a New Bipolar Financial World Order?

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With the emergence of the New Development Bank, formerly known as the BRICS Development Bank, and the AIIB (Asian Infrastructure Investment Bank), the world is increasingly becoming Bipolar, with China and India together growing as the ‘Eastern power Bloc’ challenging dominance of the Western powers led by the United States. The Bank was created with an idea to counter the dominance of European countries and the U.S. in global financial institutions such as the World Bank and IMF.

Infrastructure is needed in much of still emerging Asia, and by providing the funding to construct it, China and India make stride towards achieving economic and political status at par with the United States. BRICS countries have also created a $100 billion Contingency Reserve Arrangement (CRA), meant to provide additional liquidity protection to member countries during balance of payments problems. The CRA, unlike the pool of contributed capital to the BRICS bank, which is equally shared, is being funded 41% by China, 18% from Brazil, India, and Russia, and 5% from South Africa.

China and India are among the fastest growing Economies in the world. The economies of the five BRICS nations account for almost 30% of global GDP and 40% of the world’s population. BRICS countries produce a third of the world’s industrial products and half of all agricultural goods. Trade between BRICS countries has increased by 70% since the group was established in 2009. Noone can deny the ubiquitous presence of both India and China in the world stage.

Besides, China has recently proposed the IMF to add its currency Renminbi as a reserve currency as part of the Special Drawing Rights (SDRs).This move has the potential to shift the global economy toward a bipolar order with two dominant reserve currencies-the U.S. Dollar and the Chinese Renminbi.

In the past IMF has been accused of practicing ‘one-size-fits-all’ approach and imposing liberalization indiscriminately even on those countries where financial institutions were not well-developed. IMF conditionalities allegedly ruined several developing economies. The World Bank along with the WTO has advocated protectionism against industries of the developing countries while protecting interests of the developed countries, such as the recent Agreement on Agriculture, which stipulates reduction of export subsidies on agricultural produce on which livelihoods of the poor in the developing countries depend.

Emergence of this new ‘Eastern power Bloc’ will motivate the IMF and the World Bank to function more normatively, democratically, and efficiently, in order to promote the reforms of international financial system as well as it will lead to democratization of international relations.

China is also undertaking ambitious project to build Maritime Silk Route connecting all major ports across South, South-East and Central Asia through land and sea to boost its trade and gain strategic importance. The initiative will push each economy to advance toward the goal of setting up deep integration of markets, multi-level communication, efficient network of land, sea and air passages, and closer cultural exchanges.

Recently India has also been accorded full membership of the Shanghai Cooperation Organisation (SCO) along with Pakistan at its Ufa summit held in Russia. SCO membership to India will have significant benefits from Economic point of view. It will open up trade, energy sector and strategic transit routes between India and Russia, Central Asia, China. As Iran has observer status in the SCO, it will serve as a platform for India to boost trade through the Iranian ports of Bandar Abbas and Chabahar. These ports are considered as India’s gateway to Central Asia through International North-South Transport Corridor (INSTC).

Thus, in this politically polarized world, SCO will play an important role in counter-balancing India’s perceived tilt on security issues towards U.S. and its allies. It can help to maintain full balance of India’s relations with the western powers.

Regional stability is the basis of the economic collaboration and economic development boosts regional stability. Therefore, both the BRICS and the SCO will jointly and effectively promote stability and prosperity in Asia and counter the hegemony of global institutions such as World Bank and IMF.

Modi Deepens Ties with Sri Lanka, Seeks Edge over China on a Landmark Visit

PM Modi during bilateral talks with the Sri Lankan counterparts
PM Modi during bilateral talks with the Sri Lankan counterparts

As part of PM Narendra Modi’s first tour to Sri Lanka, India and Sri Lanka today signed four bilateral pacts which includes agreement on visa and customs to simplify trade and reduce non-tarriff barriers, agreement on youth development and building Rabindranath Tagore. Modi’s visit to Sri Lanka is the first stand alone bilateral tour by an Indian Prime Minister since 1987.  Modi met Sri Lankan President Maithripala Sirisena and discussed issues of regional importance. Modi called for greater security cooperation with Sri Lanka whose drift towards China has raised concerns in India.

Modi said that it will take time to reach an amicable solution to the fishermen’s issue between India and Sri Lanka as it has both livelihood and humanitarian dimensions to it. The Prime Minister said his meeting with Sirisena has been very productive. It “gives me confidence and optimism about the future of our relations,” Modi said.

The progress indicates the countries’ shared commitment to stronger economic cooperation.

Modi said India stands ready to help Trincomalee become a petroleum hub and announced that India will provide a fresh Line of Credit of up to USD 318 million for the railways sector in Lanka to procure rolling stock, and to restore and upgrade existing railway track.

In addition, the Reserve Bank of India and the Central Bank of Sri Lanka have agreed to enter into a Currency Swap Agreement of USD 1.5 billion to help keep the Sri Lankan rupee stable.

“We stand with you in your efforts to build a future that accommodates the aspirations of all sections of society, including the Sri Lankan Tamil community, for a life of equality, justice, peace and dignity in a united Sri Lanka”, said Modi.