China Current Affairs - 2019
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India, China, Pakistan to work together to study impact of climate change on Hindu-Kush-Himalayan region
India Meteorological Department (IMD) is collaborating with meteorological agencies in China and Pakistan, among others, to provide climate forecast services to countries in Hindu-Kush-Himalayan (HKH) region. These countries have agreed to establish regional climate centre that will provide forecasting services and climate analyses. This centre will be under World Meteorological Organisation (WMO). It will help to better forecast impact of climate change on Hindu Kush mountains. It will take a few years to take shape. It will also provide data services, training and capacity-building, research and development.
About Hindu-Kush-Himalayan (HKH) region
It is considered the Third Pole [after North and South Poles]. It contains vast cryospheric zones and is also the world’s largest store of snow and ice outside the polar region. It spans Afghanistan, Bangladesh, Bhutan, China, India, Kyrgyzstan, Mongolia, Myanmar, Nepal, Pakistan, Tajikistan, and Uzbekistan. It traverses about 5 million square kilometres and has significant implications for climate. Recent report by Intergovernmental Panel on Climate Change (IPCC) also had highlighted threat to HKH region from global warming. It had mentioned that floods will become more frequent and severe in mountainous and downstream areas of Ganges, Indus and Brahmaputra river basins, because of increase in extreme precipitation events. It also had warned about severity of floods to be more than double towards the end of the century in this region.
Tags: China • Climate Change • Cryospheric Zones • Environment • Hindu-Kush-Himalayan region
India ranked 68th in the annual Global Competitiveness Index. It is the worst performing among the BRICS nations along with Brazil that is ranked at 71. The Global Competitive Index is compiled by World Economic Forum. The Forum has mapped 141 countries using 103 indicators.
India had dropped 10 places. A number of similar economies like South Africa, Turkey and Colombia have improved over the past year and have overtaken India.
This year Singapore has replaced US as the world’s most competitive country. The US was positioned at 2nd place and was followed by Hong Kong at third place and Netherlands and Switzerland at 4th and 5th places respectively. China was ranked at 28th position and was the highest ranked among BRICS nations. Vietnam showed higher improvements in the region and was ranked at 67
The report also said that Asia Pacific was the most competitive region globally. It was followed by Europe and North America.
Key findings of the report on India
- India ranked high in terms of macroeconomic stability and market size.
- India also ranked high in terms of corporate Governance. India was at 15th place in the category.
- In terms of market India ranked third.
- India had positive remarks in terms of renewable regulation.
- In terms of innovation, India has punched above its development status. It was well ahead of most of the emerging economies that are on par with the advanced economies.
- Poor health conditions and low Life Expectancy were the shortcomings in the country according to the report. In terms of life expectancy India ranked 109 out of 141 countries. This is one of the shortest as compared to South Asian average.
- According to the report, India also needs to grow its skill base, market efficiency. Trade openness and worker protection rights according to the report are insufficiently developed.
- The ratio of female workers to male workers in India was 0.26. It ranked 128th place and was very low as compared certain other developing countries.
- India ranked 118 in incentivization and 107th place for skills
The US Economy
- Though US performance as compared to 2018 slowed own, it scored in sub categories like employee skills, venture capital availability and business dynamism pillar
- The decline of life expectancy in the US was huge. It was lower than China. Singapore ranked first in terms of life expectancy.
- The education system of the world’s largest and most innovative economies failed to keep up the pace of innovation. IT included India, China, Brazil, France and South Korea.
- Economic stagnation was widespread. This has happened in spite of the central banks injecting more than 10 trillion dollars last year
- Many of governments and central banks failed to use correct monetary policies to stimulate economic growth