China Wants India To Make Peace With Pakistan. It Won't Work

&l;p&g;&l;img class=&q;dam-image getty size-large wp-image-981564440&q; src=&q;https://specials-images.forbesimg.com/dam/imageserve/981564440/960x0.jpg?fit=scale&q; data-height=&q;639&q; data-width=&q;960&q;&g; (Photo by Saqib Majeed/SOPA Images/LightRocket via Getty Images)

China wants to help ease the long-standing conflict between India and Pakistan. And it has a plan for it.

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Last June, Beijing paved the way for the two countries to join the Shanghai Cooperation Organization (SCO), a Eurasian political, economic and security organization founded by China, Russia, and a number of other Central Asian counties.

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This year, Beijing &l;a href=&q;http://www.globaltimes.cn/content/1106873.shtml&q; target=&q;_blank&q;&g;wants&l;/a&g; military personnel from both countries to participate in counter-terror exercises under the &a;ldquo;Peace Mission 2018.&a;rdquo;

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There&a;rsquo;s an official reason behind Beijing&a;rsquo;s plan. The easing of conflict will foster economic ties between the two countries, the same way easing of tension between China and the US in the 1970s fostered economic relations between the two countries.

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But there are a couple of unofficial reasons, too.

One of them is that easing of tensions between the two countries will serve China&a;rsquo;s efforts to complete building of the China-Pakistan Economic Corridor (CPEC).

That&a;rsquo;s the express link between Western China, the Middle East, and Africa -- China&s;s second continent. Ideologically that is, which can explain why Beijing has committed $46 billion to the project.

The trouble is that CPEC passes through Pakistani&a;nbsp;&l;a href=&q;http://www.embajadaindia.cl/page/display/78/22.&q; target=&q;_blank&q;&g;regions&l;/a&g;&a;nbsp;&l;a href=&q;https://qph.ec.quoracdn.net/main-qimg-a94c8ea05a085d853447d3f42bcbbd0b-c?convert_to_webp=true&q; target=&q;_blank&q;&g;claimed&l;/a&g;&a;nbsp;by India. That makes it a rough road, to say the least -- Pakistan and India continue to fight for control of these regions. That&a;rsquo;s why China needs India to make peace with Pakistan.

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Another reason Beijing wants to see peace between the two countries is to find a market for its products. Especially as tensions between China and the US escalate.

&a;ldquo;China has always believed in an economic solution to solve the world&a;rsquo;s challenges,&a;rdquo; &l;span&g;says &l;/span&g;Vijay Eswaran, Malaysian entrepreneur and Chairman of QI Group of Companies.&a;nbsp; &a;ldquo;&l;span&g;In that context China may be willing to play a role in potentially improving ties between India and Pakistan&a;rdquo;&l;/span&g;

&a;ldquo;&l;span&g;The ongoing trade threats from US to China encourages the latter to find a new big market. And India, the largest markets for Chinese goods outside of the US is right in its neighbourhood.&a;rdquo;&l;/span&g;

&l;span&g;That&a;rsquo;s why Beijing wants to use its leverage with Pakistan to ease conflicts between the two countries.&l;/span&g;

&l;span&g;But it &l;/span&g;won&a;rsquo;t &l;span&g;work, for a couple of reasons. One of them is that the two countries have a different perception &l;/span&g;regarding what &a;lsquo;terrorism&a;rsquo; consists of.

Another reason is that China has, so far, done very little to satisfy India. Quite the opposite: repeatedly blocking India&s;s efforts to join the Nuclear Supplier Group (NSG).

And it has sided openly with Pakistan in the India-Pakistan Kashmir standoff, as evidenced by statements by China&a;rsquo;s senior officials on the sidelines of United Nations General Assemblies.

Then there&a;rsquo;s India&s;s siding with the US in the South China Sea disputes.

The bottom line: Beijing has a long way to go before it can bring India and Pakistan to the table and ease long standing conflicts between the two countries.

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Vicor Corp (VICR) VP Claudio Tuozzolo Sells 2,558 Shares

Vicor Corp (NASDAQ:VICR) VP Claudio Tuozzolo sold 2,558 shares of Vicor stock in a transaction dated Monday, June 4th. The stock was sold at an average price of $45.85, for a total value of $117,284.30. Following the completion of the sale, the vice president now directly owns 9,790 shares of the company’s stock, valued at approximately $448,871.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Claudio Tuozzolo also recently made the following trade(s):

Get Vicor alerts: On Tuesday, May 15th, Claudio Tuozzolo sold 3,000 shares of Vicor stock. The stock was sold at an average price of $38.85, for a total value of $116,550.00. On Monday, May 7th, Claudio Tuozzolo sold 5,000 shares of Vicor stock. The stock was sold at an average price of $36.00, for a total value of $180,000.00.

VICR traded down $0.90 during trading hours on Tuesday, hitting $46.85. The stock had a trading volume of 12,317 shares, compared to its average volume of 275,272. Vicor Corp has a 1 year low of $16.30 and a 1 year high of $52.05. The firm has a market cap of $1.86 billion, a P/E ratio of 428.64 and a beta of 0.87.

Vicor (NASDAQ:VICR) last announced its quarterly earnings data on Tuesday, April 24th. The electronics maker reported $0.10 earnings per share for the quarter. Vicor had a return on equity of 3.06% and a net margin of 2.13%. The company had revenue of $65.27 million during the quarter. During the same period last year, the business posted ($0.02) EPS.

Several equities research analysts recently weighed in on the company. ValuEngine lowered Vicor from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. BidaskClub raised Vicor from a “buy” rating to a “strong-buy” rating in a report on Friday, June 8th.

A number of hedge funds have recently bought and sold shares of VICR. Wells Fargo & Company MN grew its holdings in Vicor by 32.1% during the 4th quarter. Wells Fargo & Company MN now owns 25,928 shares of the electronics maker’s stock valued at $542,000 after buying an additional 6,306 shares in the last quarter. Arizona State Retirement System purchased a new position in Vicor during the 4th quarter valued at about $572,000. Rhumbline Advisers grew its holdings in Vicor by 16.9% during the 4th quarter. Rhumbline Advisers now owns 40,479 shares of the electronics maker’s stock valued at $846,000 after buying an additional 5,859 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Vicor by 14.4% during the 4th quarter. Bank of New York Mellon Corp now owns 172,937 shares of the electronics maker’s stock valued at $3,615,000 after buying an additional 21,709 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Vicor by 3.3% during the 4th quarter. BlackRock Inc. now owns 2,221,405 shares of the electronics maker’s stock valued at $46,428,000 after buying an additional 70,575 shares in the last quarter. 24.13% of the stock is owned by institutional investors and hedge funds.

About Vicor

Vicor Corporation designs, develops, manufactures, and markets modular power components and power systems for converting, regulating, and controlling electric current worldwide. It operates through three segments: Brick Business Unit, VI Chip, and Picor. The company offers modular direct current (DC)-DC converters, open-frame intermediate bus converters, and complementary components; high density zero voltage soft switching DC-DC converters; configurable products; and custom power systems.

Musk Says Tesla Hit With ��Extensive�� Sabotage by Rogue Employee

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A disgruntled Tesla Inc. employee broke into the company’s manufacturing operating system and sent highly sensitive data to unknown third parties, according to an email Elon Musk sent to staff.

The worker, who had been denied a promotion, did “quite extensive and damaging sabotage” to Tesla’s operations, Musk wrote in the memo late Sunday, which was reported in full by CNBC. While a spokesman declined to comment, an employee who asked not to be identified confirmed he received the email.

Tesla is conducting an in-depth investigation into the matter, including whether the employee was acting alone, with others at the company or with any outside organizations, Musk wrote.

“As you know, there are a long list of organizations that want Tesla to die,” Musk said. He referenced Wall Street short sellers “who have already lost billions of dollars,” oil and gas companies that “don’t love” to see solar power and electric cars advancing, and automakers that produce gasoline and diesel vehicles. “If they’re willing to cheat so much about emissions, maybe they’re willing to cheat in other ways?” he said.

Musk’s email about sabotage comes as Tesla races to ramp up production of its mission critical Model 3 sedan to 5,000 cars a week. Last week, Musk announced that he was reorganizing the company and reducing Tesla’s workforce by 9 percent in a bid for profitability. More than 3,000 workers lost their jobs, and Tesla’s WARN notice filed with the state of California revealed that over 500 employees in Fremont and Palo Alto were dismissed.

‘Strange Incident’

A day later, Musk invoked a late tech titan in urging workers to keep an eye out for any funny business after a fire briefly halted car output. In a “strange incident that was hard to explain,” Musk wrote that a small fire on a manufacturing line had stopped production for several hours.

“Could just be a random event, but as Andy Grove said, ‘Only the paranoid survive,’” Musk wrote Monday, referring to the late chairman and CEO of Intel Corp. “Please be on the alert for anything that’s not in the best interests of our company.”

Tesla can ill afford manufacturing setbacks now. It’s racing to meet a target to build 5,000 Model 3 sedans a week by the end of this month, a goal Musk told shareholders on June 5 that the company was “quite likely” to achieve. The company’s forecasts for generating profit and cash in the third and fourth quarters of this year are based on this objective, and falling short would reignite concerns about whether the company may need to raise more capital.

Smoldering

A Tesla spokeswoman confirmed the authenticity of the Monday email, which CNBC reported first. Smoldering in an air filter in the welding area of Tesla’s body line was extinguished in a matter of seconds, she said. Production has resumed and there were no injuries or significant equipment damage, she added.

Tesla shares climbed for a seventh straight day, adding 3.5 percent to $370.83 on Monday. More than $19 billion has been added to the automaker’s market capitalization in the past month, in part due to Musk’s confidence at the annual shareholders’ meeting that the Model 3 would meet production targets. In a tweet Sunday, Musk warned that those betting against the company "have about three weeks before their short position explodes."

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Tesla is no stranger to concerns about sabotage. A former oil services executive named Todd Katz was sued by Tesla in 2016 impersonating Musk in an email to former Tesla CFO Jason Wheeler. In the lawsuit, Tesla said the email was part of an oil-industry effort to undermine the company’s push for energy-efficient transportation alternatives.

— With assistance by Kartikay Mehrotra

(Updates with context in paragraphs five, 10 and 11.)