As Chinas economic clout in the world grows, seemingly trivial and yet, consequential concerns have started surfacing. After the ado about the rising wages of Chinese workers, the Chinese Communist Party appears to be on guard of a very nationalistic too-culture.
Tension is being retched upon Iran by USA with the aim of discouraging its nuclear programme claimed to be peaceful by the Iranian government. And now the principal European and Asian countries have boycotted the import of Iranian oil.
The Asian giant is trying to mark a different economic footprint, one that has many Western retailers knitting their brows. In the five-year plan for 2011-15, the Chinese government seeks to raise wages by about 13 percent every year.
Last few years have been dubbed by analysts as lackluster for the telecom sector, which initially grew exponentially following its deregulation in 2004. Declining ARPUs, constricting margins and rising taxes, all choked the bottom lines, even as sponsors kept close tabs on fresh investment. The sector seems to go on in its cruise control mode, as the latest statistics suggest.
Housewives won be complaining much for the rest of the winters it seems, as the Cabinet has decided to make it the top most priority to supply gas to domestic users. There is a well thought out rationale behind this move although it is political rather economic. The fertiliser, power and general industries have been asked to stay patient and not gasp for gas as the households and commuters are the ones that matter most (for the elections it seems).
The 48 hours supply suspension of imported edible oil by transporters with nothing to do with the ongoing gas crisis is a bolt from the blue. For a change, the act of private transporters is not tagged to the current unending CNG dilemma.