This article is a summary of important events that have taken
place in last one week affecting, India's national security.
News
In Brief
·
ASEAN-led
defense talks reaffirm norms for South China Sea.
·
China’s
Local Governments Face Squeeze From $2 Trillion in Debt, Over 40% of
outstanding provincial debt due in next five years.Signs are growing in China
that local government debt burdens are becoming unsustainable. China’s 31
provincial governments have a stockpile of outstanding bonds that’s close to
the Ministry of Finance’s risk threshold of 120% of income.This will hamper
their ability to drive up economic growth.
·
Kamla
Harris offers Marcos(Phillipines) more muscle to counter China but Manila
simultaneously seeks China’s economic largesse. US military is poised to return
to Subic Bay, Philippines after 30 year absence, to counter China’s presence.
Manila and Washington are negotiating about setting up five more locations for
the US military Subic Bay, which faces the South China Sea, was a US Naval Base
for 94 years until 30 years ago.
·
Protests
have erupted at the world's biggest iPhone factory in the Chinese city of
Zhengzhou. Online Videos show hundreds of workers marching, with some
confronted by people in hazmat suits and riot police.Workers were beaten by
police.
·
In
a Challenge to Beijing, Unrest Over Covid Lockdowns Spreads to many towns.
Protests are rising as China enacts more lockdowns and quarantines, with no end
in sight. The defiance is a test of Xi Jinping’s authoritarian leadership.
·
China
holds policing discussion with officials of Pacific island nations
·
China's
attempt to strike a security and trade deal with 10 Pacific island nations in
May fuelled concern in Washington and Canberra about Beijing's military
ambitions in the region, and prompted a boost in Western aid.
·
British
government bars Chinese-made security cameras from sensitive sites.Government
cites the ‘increasing capability and connectivity’ of the equipment in barring
cameras made by the likes of Hikvision. Departments are advised to consider
removing cameras entirely, including from non-sensitive sites.
·
Saudi
Arabia in talks to deposit $5bn into Turkey’s central bank. Transaction would
follow diplomatic push by Erdoğan to attract Saudi cash to crisis-hit economy.
·
European
Parliament declares Russia a state sponsor of terrorism.The move is largely
symbolic, as the European Union does not have a legal framework in place to
back it up. At the same time, the bloc has already imposed unprecedented
sanctions on Russia over its invasion of Ukraine.
·
Eastern
Europe's arms industry is churning out guns, artillery shells and other
military supplies at a pace not seen since the Cold War as governments in the
region lead efforts to aid Ukraine in its fight against Russia.Allies have been
supplying Kyiv with weapons and military equipment since Russia invasion.
·
Second
Project 15B guided missile destroyer delivered to Indian Navy.
·
India
successfully test-fires intermediate-range ballistic missile Agni-3.
·
The
theme of IPRD-2022, held from November
23-25, is "Operationalising the Indo-Pacific Oceans Initiative
(IPOI)", which was articulated by Prime Minister Narendra Modi at the 14th
East Asia Summit (EAS) in Bangkok .
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