Skip to main content

Posts

Showing posts from January 21, 2018

ASEAN-focused China fund raising up to $3 billion for Silk Road projects: sources

https://www.reuters.com/article/us-china-private-equity/asean-focused-china-fund-raising-up-to-3-billion-for-silk-road-projects-sources-idUSKBN1FC0SE Julie Zhu HONG KONG (Reuters) - A quasi-sovereign Chinese fund focused on Southeast Asia is targeting raising up to $3 billion in a new dollar fund, adding to its firepower for planned investments under Beijing’s “Belt and Road” initiative, people close to the matter said. A map illustrating China's silk road economic belt and the 21st century maritime silk road, or the so-called "One Belt, One Road" megaproject, is displayed at the Asian Financial Forum in Hong Kong, China January 18, 2016. REUTERS/Bobby Yip/File Photo The China-ASEAN Investment Cooperation Fund (CAF), backed by the Export-Import Bank of China, is currently pitching the fund to prospective investors, they said. Its plan to raise $1 billion mainly from Chinese state-owned enterprises was already known, but the fund has now tripled the amount it is seekin

India, Japan to introduce artificial intelligence, robotics in defence sector

https://m.economictimes.com/default_pwa.cms?article=62598893 By  Indrani Bagchi ,TNN | Jan 22, 2018, 09.37AM IST Facebook Whatsapp Twitter LinkedIn gplus email message aPlus VIEW IN APP While the latest buzzword in international geopolitics, 'Indo-Pacific', might sound American, its actually Japanese in origin, having been articulated by Abe himself as far back as 2007. NEW DELHI: India and  Japan  will work together to introduce artificial intelligence and  robotics  in the defence sector, the next level of strategic cooperation between the two Asian partners. Kentaro Sonoura, Japan's state minister for foreign affairs and a close adviser to PM  Shinzo Abe , told TOI in an exclusive chat, "You should expect to see increased bilateral cooperation between us to develop unmanned ground vehicles (UGV) and robotics." The strategic sphere is where the bulk of India-Japan convergence lies. After the nuclear agreement was ratified by the Japanese parliament la