India China Business Desk

1. INDIA CHINA BUSINESS
UPDATES

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3. China, India to drive world energy demand:
IEA
China and India are increasingly driving world energy demand as the
United States' production boom puts it on track to become independent
of the global market, the International Energy Agency said on Tuesday.
China is close to becoming the world's largest oil importer, while India will
turn into the leading importer of coal in the next decade to lead the Asian
surge, the Paris-based IEA said in its 2013 World Energy Outlook.
"The dominance of Asia will be more and more visible," IEA executive
director Maria van der Hoeven told The Associated Press. "Asia will be the
clear center of the global energy trade."
While per capita energy consumption will not be as high in Asia as in
North America and Europe, "the demand and the thirst for energy (in
Asia) in all its forms will be tremendous."
At the same time, the United States is moving toward "meeting all of its
energy needs from domestic resources by 2035," the IEA said.

4. India concerned over provocative
incursions by China: Salman Khurshid
• India is concerned about periodic provocative incursions by Chinese
troops that have resulted in "eyeball-to-eyeball confrontations",
but was hopeful that the border issues will eventually be settled.
• "Obviously, we are concerned about periodic steps that seem
provocative or adverse to our interests," External Affairs Minister
said.
• "But, of course, they (incursions) are occurring in the context of a
different perception of what the Line of Control is and where it
should be. The good news is that there hasn't been a casualty on
the Chinese front for several years. There have been skirmishes and
eyeball-to-eyeball confrontations, but no casualties", he said.
• He believed the border issues will eventually be settled and peace
and stability between India and China will become stronger over
time, Khurshid said in an interview to The Australian.