1.Chinese weapons sales to Pakistan are increasing and it has signed agreements to invest up to $30 billion in Pakistan over the next five years. New reports also show that Pakistan is speeding production of four new nuclear reactors for plutonium production. When complete, it is estimated these will give Pakistan the ability to produce at least two dozen nuclear weapons per year.
2.ISLAMABAD -- Pakistan wants China to build a naval base at a deep-sea port in southwestern Baluchistan province, its defense minister said Sunday, while also inferring that Washington was a fair weather friend. The deep-sea port was around 75 percent financed by China, which Pakistan has been trying to draw in as a strategic partner, especially since the discovery and U.S. killing on May 2 of Osama bin Laden north of Islamabad. India, however, has voiced “serious concern” about defense ties between China and Pakistan and said it would need to bolster its own military capabilities in response.
3.BEIJING—Chinese police clamped heavy controls across Inner Mongolia on Sunday after a week of ethnic protests by students over the hit-and-run killing of a Mongolian herder by a Chinese truck driver. The incident exposed simmering tensions in the resource-rich region, which so far has largely escaped the violence that has plagued China's Tibetan and Muslim regions.
4.Supply shocks are once again charged with pushing up China's food prices, but it is a surplus of money, not a deficit of pigs, that is the real culprit. As of Monday, the Ministry of Agriculture's index of wholesale food prices was up 2.2% from its April level, a turnaround after two months of falling prices. Pork prices, in particular, are on the rise. With food accounting for almost a third of China's consumer price index, an increase in prices suggests the markets should prepare for another increase in inflation when the data for May are released on June 14.
5.Huge crowds in Hong Kong turned out to commemorate the Tiananmen Square crackdown of June 4, 1989, amid concerns that the human rights situation in China has taken a turn for the worse in the past year. According to organizers, around 150,000 people attended the gathering at Victoria Park in Hong Kong. Local media reports say Hong Kong police, which have generally given far lower crowd estimates than those of the organizers, put the maximum number of attendees at 77,000.
Whenever you take a step forward you are bound to disturb something - Indira Ghandi
2.ISLAMABAD -- Pakistan wants China to build a naval base at a deep-sea port in southwestern Baluchistan province, its defense minister said Sunday, while also inferring that Washington was a fair weather friend. The deep-sea port was around 75 percent financed by China, which Pakistan has been trying to draw in as a strategic partner, especially since the discovery and U.S. killing on May 2 of Osama bin Laden north of Islamabad. India, however, has voiced “serious concern” about defense ties between China and Pakistan and said it would need to bolster its own military capabilities in response.
3.BEIJING—Chinese police clamped heavy controls across Inner Mongolia on Sunday after a week of ethnic protests by students over the hit-and-run killing of a Mongolian herder by a Chinese truck driver. The incident exposed simmering tensions in the resource-rich region, which so far has largely escaped the violence that has plagued China's Tibetan and Muslim regions.
4.Supply shocks are once again charged with pushing up China's food prices, but it is a surplus of money, not a deficit of pigs, that is the real culprit. As of Monday, the Ministry of Agriculture's index of wholesale food prices was up 2.2% from its April level, a turnaround after two months of falling prices. Pork prices, in particular, are on the rise. With food accounting for almost a third of China's consumer price index, an increase in prices suggests the markets should prepare for another increase in inflation when the data for May are released on June 14.
5.Huge crowds in Hong Kong turned out to commemorate the Tiananmen Square crackdown of June 4, 1989, amid concerns that the human rights situation in China has taken a turn for the worse in the past year. According to organizers, around 150,000 people attended the gathering at Victoria Park in Hong Kong. Local media reports say Hong Kong police, which have generally given far lower crowd estimates than those of the organizers, put the maximum number of attendees at 77,000.
Whenever you take a step forward you are bound to disturb something - Indira Ghandi
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