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Number of Chinese billionaires on the rise
Publisher of luxury magazines and runner of a research institute — Forbes crowned machinery tycoon Liang Wengen as the nation s richest man. “Even though the stock market is going down, the wealth of the most successful people in China is going up,” Russell Flannery, Forbes senior editor and Shanghai bureau chief, told reporters. He…
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India Getting Nervous Over Pakistan-China Ties
In the latest display of regional belligerence India’s Defense Minister A.K. Antony today (Friday, November 27, 2009) expressed serious concern over growing military ties between China and Pakistan are a serious concern to India. Interestingly, this reaction came a year later: China and Pakistan had signed a military cooperation pact last year. Mr. Antony was…
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Why Is India So Nervous?
As China and Russia strengthen ties, Indo-Sino ties seem to become more fragile, now feebler than at any other time in last decade. India has amplified its rhetoric against China, and Beijing has been frank in expressing concern over India’s planned Agni-V ballistic missile test. From Arunachal Pradesh to Azad Kashmir, there have been several…