Browse Month: October 2017

Ahead Of Donald Trump Decision, China Says It Will Stick To Paris Climate Deal

Ahead Of Donald Trump Decision, China Says It Will Stick To Paris Climate Deal

BEIJING (Reuters) – China said on Thursday it would fit into the Paris climate deal as the expected announcement by US President Donald Trump on the question of whether to keep the United States in the Global Compact fighting climate change.

During his presidential campaign in 2016, Trump has denounced the agreement and it is called global warming a hoax to weaken American industry. A source close to the affair said that Trump was about to leave the agreement.

A withdrawal from the United States could deepen a distancing with the allies. The United States would join Syria and Nicaragua as the only nonparticipants participating in the world in the historic agreement of 195 countries agreed in Paris in 2015.

Chinese Foreign Ministry spokesman Hua Chunying said the agreement was not easily reached and represented the broad consensus of the international community.

“Climate change is a global challenge. Without a county you can not put yourself out of it,” he told a daily news conference.

Whatever other countries change their positions in China would follow the green concept of sustainable development, strengthen measures to address climate change and conscientiously follow the Paris agreement, said M. Hua.

“Meanwhile, we will continue to be decidedly protective and promoter of the global processes of the climate system, actively participating in the process of multilateral climate change,” Hua said.

“We are willing to work with all parties to protect the entire Paris adjustment process, promoting the rules and regulations of the current agreement in the follow-up of the talks and effectively disseminate, and promote global, low-carbon and sustainable ecological development “.

When asked if China had spoken to the administration of the triumph of the Paris agreement, she said: “China and the United States have close communication on a variety of issues, and of course, this includes the issue of climate change.”
Climate change has been widely seen as one of the few highlights of cooperation between Beijing and the former Obama administration in Washington.

China and the European Union are due to issue a statement at a high-level meeting in Brussels to commit to implementing the climate deal in order to strengthen the pact because Trump seems to give up.

China surpassed the US As the world’s largest emitter of greenhouse gases in 2007. But a US withdrawal from the deal would give China more opportunities to shine its image as a world leader.

China has led previous attempts by foreign governments to limit carbon emissions, saying that it should be possible to create the same spatial development and pollution as industrialized countries.

But with its capital often drowned by smog and its people angry against the degradation of the environment that rapid development ran across the country, Beijing has become a staunch supporter of efforts to stop global warming.

GDP in FY17 at 7.1%: Barring note ban, govt has steered economy well but challenges remain

GDP in FY17 at 7.1%: Barring note ban, govt has steered economy well but challenges remain

Reactions after the economic growth data for 2016-17 published on May 31 showed that the demonetization economics a hard blow were predictable. Although almost.

The problem, the unbelievers are fighting as was predictable, we have already told them (then they will now stop the government data line-fudging-PDM-stupid data?). But the demonetizing believers who had mocked the first when the third quarter data released in February showed minimal impact and were convinced that the fourth quarter would also see the symbolic impact, have changed some air. Now, they say, but the government always said there would be no impact in both quarters.

There is much joy among the unbelievers and critics of Prime Minister Narendra Modi by which the data confirm the deceleration induced by demonetization. This, they say, is conclusive proof of a colossal mismanagement of the economy by the Narendra Modi government.

How important is this review? First, we will accept that demonetization has led to a decline in GDP growth of 0.9% in 2016-17 compared to 2015-16. And India will cost the state of the economy to further growth. But how has the economy increased in 2015-16? Eight percent. When is the last time we saw this figure for growth?

What was the growth rate that the government has inherited? In 2013-14, economic growth was 6.4 percent. The Modi government came to power in May 2014, two months after the fiscal year 2014-15. This year, the economy grew by 7.5%.
The corrupt data brigade is going to say that this growth is the result of, well, dodging because the government changed the methodology and base years. Well, the same base year and the same methodology pushed the growth rates 2012-2013 and 2013-14. If the post-reactions after the economic growth data for 2016-17 Published May 31 showed that the demonetization savings were difficult to predict. Although almost.

The problem, the unbelievers are fighting as was predictable, we have already told them (then they will now stop the government data line-fudging-PDM-stupid data?). But demonetizing believers, who responded to the PM, third-quarter data released in February showed minimal impact and are convinced that the fourth quarter, also the symbolic impact, has slightly changed the air. Now, disinterested, more government always says there is an impact in both quarters.

There is much joy among the unbelievers and critics of Prime Minister Narendra Modi as the data confirm the deceleration induced by demonetization. This, disinterested, is conclusive evidence of a colossal mismanagement of the economy by the Narendra Modi government.

How important is critical? First, we will accept that demonetization resulted in a decline in GDP growth of 0.9% in 2016-17 compared to 2015-16. And India cost the state of the economy to further growth. How else is the economy in 2015-16? Eight percent. When is the last time we saw this figure for growth?

And what was the growth rate of hereditary government? In 2013-14, economic growth was 6.4 percent. The Modi government came to power in May 2014, two months after the fiscal year 2014-15. This year, the economy grew by 7.5%.

Reuters
Reuters
The corrupt data brigade is going to say that this growth is the result of, well, the shrink because the government changed the methodology and basis of years. Well, the same base year and the same methodology pushed the growth rate from 2012 to 2013 and 2013-14. If the post-2014 growth figures are fudous, back to the growth of less than 5 percent for a two-year UPA performance. And if the figures after the UPA period review should be accepted, the best performance of the economy should also be accepted as part of the Modi Government (pre-demonetization). The economy was priced 6.4 percent to 8 percent in three years, not a minor achievement – a bad step called demonetization nonetheless – and the government has understood.

(All data, even for years, UPA, are based on revisions, the industrial production index and the wholesale price index. The difference between the old and the new data is insignificant.)

But that does not mean that the government has no state. Quarterly data show that the economy began to decline even before demonetization, although