A weekly sampling of news, analysis and
opinion on economic issues of
India, China and the U.S.
Articles and
opinion pieces are from a variety of sources and
viewpoints and do not necessarily reflect
those of
ICA Institute. Access to some articles may
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cited to the
original
source. Access archive.
Getting China & India Right |
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Join
us for a Webinar on February 24
The central premise underlying this
global virtual seminar is that being present
in China and India is not the same thing as
getting China and India right.
Most CEOs and their senior colleagues are
well aware that the world's economic center
of gravity is shifting from the developed to
the emerging economies, in particular China
and India. Notwithstanding this general
awareness, very few truly grasp the magnitude
and pace of change and the multi-faceted
nature of the new reality. Some of the most
common mistakes include: viewing China and
India solely from the lens of off-shoring and
cost reduction, building marketing strategies
that are centered around just the rich cities
and the top 5-10 percent of the population,
naivet� regarding the choice of local
partners, and treating these two countries as
peripheral rather than core to the company's
global strategy.
Putting in place the right strategies, as
outlined in this webinar, is crucial to
leveraging these economies for global
advantage.
Dr. Anil K Gupta is the author of over
seventy papers and four books: Getting China
and India Right, The Quest for Global
Dominance, Smart Globalization, and Global
Strategy and Organization. He is the Ralph J.
Tyser Professor of Strategy and Organization
at the Robert H. Smith School of Business,
The University of Maryland at College Park.
Haiyan Wang is Managing Partner of
China India Institute. She is the co-author
of two books: Getting China and India Right
and The Quest for Global Dominance-2nd
Edition. Her opinion pieces have appeared in
top international media such as The Wall
Street Journal, The Economic Times, China
Daily, and The Times of India.
Cost: FREE
Title:
Getting China & India Right
Date:
Tuesday, February 24, 2009
Time:
11:00 AM - 12:00 PM EST
Space is limited.
Reserve your Webinar seat now at:
https://www1.gotomeeting.com/register/897552557
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Free Access to Chinese Management Studies |
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Emerald Group Publishing Ltd is pleased to
offer ICA Institute readers free access to
its journal Chinese Management Studies
during February.
Launched in 2007, Chinese Management Studies
is already showing signs of becoming a
significant force in the international
business and management field worldwide. The
journal provides a unique and insightful
approach to documenting and disseminating
research into Chinese processes of managing
enterprises, firms and corporations.
Integrating both qualitative and quantitative
research, it provides in-depth analysis of
Chinese managerial thinking, philosophy and
processes, together with empirical pieces on
Chinese management.
The online trial includes access to the
2008 special issues 'China's emerging
knowledge economy' and 'Emerging themes in
Chinese management'.
To access the journal visit www.emeraldinsight.com/cms.htm
, see the table of contents and - when
prompted - enter the following:
Username: ICAinstitute
Password: china2009
For more information on the journal, please
contact the Publisher, Martyn Lawrence, at
mlawrence@emeraldinsight.com
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China Goes Global Call for Papers |
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Call for Papers
3rd China Goes Global Conference
September 30 - October 2, 2009
Harvard University, Cambridge, USA
www.chinagoesglobal.org
Overview
This century has been dubbed the Chinese
Century. But will the naming of this Century be
congruent with the country's performance in
the global political economy? As part of a
series of
conferences on the topic China Goes Global,
held at Harvard Kennedy School and Rollins
College, we issue a new call for papers on
the globalization of China and Chinese companies,
focusing on the following broad questions:
1. What are the social, political and
economic influences of China's globalization?
2. How will China's globalization effect the
business environment of firms in developed and
emerging countries?
3. Will China really replace the US economic,
political and business leadership in the 21st
Century?
4. What are the factors associated with
China's emerging global economic prowess?
5. Can Western political/economic models and
theories help explain China's current trajectory,
either on a macro or a micro level?
Important Dates
Deadline for Submission: May 15, 2009
Paper acceptance/rejection: July 1, 2009
Revised paper submission: August 15, 2009
Registration Fee
Please note that all presenters and
participants must register to attend the
conference. The early
bird registration fee of USD 495 is due on
July 5, 2009, and the regular registration
fee of USD 595 is
due on August 15, 2009. The registration fee
includes refreshments, lunches, reception,
conference dinner, and a copy of the book
China Rules: Globalization and Political
Transformation (Palgrave McMillan, 2009).
Conference registration does not
include accommodation or travel costs.
Organizational Committee
Dr. Ilan Alon, Petters Professor, Director
Rollins China Center, Crummer Graduate School of
Business, Rollins College, Asia Programs
Visiting Scholar, Harvard University
Dr. Julian Chang, Executive Director, Asia
Programs, Ash Institute, Kennedy School of
Government, Harvard University
Dr. Marc Fetscherin, Assistant Professor,
Crummer Graduate School of Business, Rollins
College,
Asia Programs Visiting Scholar, Harvard
University
Dr. Christoph Lattemann, Assistant Professor
of Corporate Governance & E-Commerce, University
of Potsdam, Asia Programs Visiting Scholar,
Harvard University
Dr. John R. McIntyre, Professor, Director of
Georgia Tech CIBER, Georgia Institute of
Technology
For more information, visit the conference
website
http://www.chinagoesglobal.org/
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Expert Advice for Small Businesses in China |
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Singapore - 4 February, 2009 - Since China
entered the WTO in 2001, it has become an
open door to vast new markets for foreign
investments. Bolstered by the growing
consumer wealth in urban and suburban areas,
it has attracted a new and widely diverse
generation of investors - including an
increasing number of smaller companies and
entrepreneurs, local and foreign-investors,
all serving niche markets. Yet, as the
world's largest and most dynamic consumer
market, China is notoriously difficult for
international entrepreneurs - among the
hundreds of thousands of foreign
businesspeople fighting to penetrate the
Chinese market, only a small percentage of
them will succeed in bringing their start-up
dreams to life in the Middle Kingdom.
Published by John Wiley & Sons (Asia) Pte
Ltd, China Entrepreneur: Voices of
Experience from 40 International Business
Pioneers (ISBN: 978-0470-82321-7) will
give a front-line, first-hand account of what
it takes for an international businessperson
to start and profitably operate a small
business in China.
This book is a collection of anecdotes, best
practices and first-hand advice in tackling
the key challenges of winning in the China
market, from negotiating with government and
winning necessary start-up approvals, to
hiring and keeping the right staff, to
collecting payments and to safeguarding
intellectual property. In addition, the
experiences of the entrepreneurs will be
juxtaposed against insights from experienced
China consultants who assist start-ups in
operating in China. The book will also
consist of practical business by consultants
who have risen to prominence in the China
business environment by advising SME business
operators on succeeding in China.
While the authors' first book, China
CEO (John Wiley, 2006), featured the
insights of 20 top executives from
multinational companies in China, China
Entrepreneur focuses on the strategies,
tools, and knowledge necessary to start and
grow a business in China without the backing
of a global corporation. This book is a
practical guide that distills 500 years of
China experience from 40 foreign
entrepreneurs coming from 25 countries, full
of vivid stories to illustrate the points
made in the book. It can work as a "how to"
manual and also as an interesting reading for
those thinking of starting their own business.
Additional information on the book is
available at http://as.wiley.com/WileyCDA/WileyTitle/productCd-0470823216.html.
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Headlines |
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China
says protects human rights, West voices
doubt (Reuters UK, Feb 9)
China, urged by Western and some Latin
American countries to ensure political and
religious freedoms, insisted on Monday that
it is guided by the rule of law and is
committed to protect and promote human rights.
And while European delegations in the United
Nations Human Rights Council called on
Beijing to end the death penalty and halt
torture in prisons, many Asian and African
countries hailed China as a beacon of
progress and an example for them to follow.
"China is a state where the rule of law
prevails," a top official of the Chinese
Supreme Court told the 47-nation Council,
while the chief Chinese delegate said: "China
is fully committed to the promotion and
protection of human rights."
China Urges India to Show Restraint on Trade
Remedies (WSJ, Feb 9)
hina's Ministry of Commerce on Monday urged
India to exercise restraint and care in
applying trade remedies against Chinese
products, saying a failure to do so would
severely affect trade ties.
The trade tensions between India and China,
whose export falloff is hurting economic
growth and employment, come amid a rise in
trade protectionism as nations seek to
weather the global downturn.
The World Trade Organization is gathering
nations in a special meeting Monday to stem
the rise of protectionism.
India has started 17 investigations into
Chinese imports since October, restricted
imports of Chinese steel, textiles and
petrochemicals, and last month banned imports
of Chinese toys for six months, Commerce
Ministry spokesman Yao Jian said.
Geithner phones China, G7 officials on
economy (Reuters, Feb 9)
U.S. Treasury Secretary Timothy Geithner
telephoned foreign finance officials to
underscore the need for quick government
action to restore economic health and
reassure China that the United States wants
to sustain a close dialogue, the Treasury
said on Monday.
Geithner spoke late on Sunday evening with
Chinese Vice Premier Wang Qishan.
"The two agreed that strong cooperation on
macroeconomic financial and regulatory
matters was an essential part of the U.S.
relationship with China and that it was
important to sustain close dialogue,
particularly at this time of global financial
turmoil," the Treasury said in a statement.
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Energy |
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Mixed energy forecast (China Daily, Feb
9)
Statistics released by the China Electricity
Council (CEC) early last month showed that
last year's investment by the clean energy
industries, especially for hydropower,
nuclear power and wind power, went up by
large margins against a global economic
slump.
It's not reasonable to compare China's gas
retail prices with US prices
(English.Eastday, Feb 9)
It's been over a month since the
controversial fuel tax reform took effect on
January 1. In addition to the new move, a
fuel pricing mechanism was also set. For car
owners, the new system for pricing petrol
plays an increasingly important role in their
future fuel consumption.
After China decided to cut its benchmark
retail gas and diesel prices, oil giants
began an intense competition by lowering
prices in big cities. In early February,
Shanghai had the lowest gas price in China.
Take 93-octane gasoline for example, its
price stood at 4.66 Yuan per liter the lowest
among prices in Shanghai. Compared with the
price of gas before the pricing war, it fell
by about 23%. How can we make sense of the
current fluctuating fuel prices? How much
will the new fuel pricing mechanism impact
China's energy conservation?
To discuss these issues, we caught up with Wu
Libo, executive director of the Center for
Energy Economics and Strategy Studies at
Fudan University.
KSK energy fund winds up, goes for
liquidation (Livemint.com, Feb 9)
derabad: The �100 million (Rs705 crore) KSK
Emerging India Energy Fund Ltd, the only fund
dedicated to energy-related investments in
India, is being wound up in a potential
setback to some projects at a time when
capital for public works is already scarce.
An announcement by the fund to the London
Stock Exchange's Alternative Investment
Market (AIM), where it is listed, said the
decision to liquidate the fund had been
forced by the global recession and internal
problems faced by shareholders.
France looks to double trade with India
(The Times of India, Feb 5)
According to Anne-Marie Idrac, French
minister for foreign trade, against the
background of the India-US civil nuclear
energy deal, newer avenues will open for
India to benefit from France's strength in
power generation and equipment. India's
energy needs are huge and French companies
can extend their capabilities to India for a
strong growth in the energy and
infrastructure, she added.
French power equipment major Alstom has a
sizeable presence in India and has also
recently signed an agreement with Bharat
Forge to set up a joint venture for
manufacturing super critical turbine island
power plant equipment.
U.S. Department of Commerce Plans Solar Trade
Mission to India
(RenewableEnergyWorld.com, Feb 5)
The U.S. Department of Commerce-U.S.
Commercial Service is planning to lead a
Solar Energy Trade Mission to India from
March 22nd-27th, 2009. The goal of the
mission is to offer U.S. firms a cost
effective way to meet potential business
partners and government decision makers who
are on the front edge of shaping India's
solar energy sector, Commerce officials said.
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ICT |
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Apple's Latest Negotiations To Bring iPhone
To China Broke Down Over App Store Control
(mocoNews.net, Feb 9)
Will the iPhone ever officially make it to
China? The wrangling between Apple and China
Mobile, the country's overwhelmingly dominant
network operator, to launch the iPhone in the
world's largest mobile market has been long
reported. Now, we're getting a little more
detail as to what the sticking points are
between the two companies. According to
Interfax, which cites a source at the China
Mobile Research Institute quoting the
carrier's president Wang Jianzhou, the
18-month old negotiations, which included
Apple CEO Steve Jobs and COO Tim Cook, broke
down three times. In the latest round?their
third?the two haggled over which company
would sell iPhone applications directly to
customers. As it does everywhere else, Apple
wanted to sell directly to consumers through
its App Store. China Mobile chiefs, however,
balked at this. Wang apparently considered
the notion of Apple interacting and directly
collecting payment from Chinese consumers as
a "threat" to the operator's dominance over
the country's mobile internet market.
China
Telecom launches "mobile phones to the
countryside" program (people's Daily
Online, Feb 9)
China Telecom has launched a nationwide
"mobile phones to the countryside" program,
the company announced on Feb 9, 2009.
Rural customers who purchase CDMA mobile
phones at China Telecom outlets nationwide
will be awarded "mobile phone preferential
packages". They can enjoy a 13 percent
subsidy from the government on the mobile
phone price, as well as certain subsidies on
their phone bills, including a combining
landline, broadband and mobile services
preferential package.
Rural
India Snaps Up Mobile Phones (WSJ, Feb
9)
Economists have slashed Indian economic
growth forecasts for this year and the stock
market is in the doldrums. But cellphone
companies are signing millions of new
subscribers a month, making India the fastest
growing mobile-phone market in the world.
There is no sign of a slowdown yet: figures
to be released later this month are expected
to show that new subscriptions in January
reached a record 11 million.
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Agriculture |
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China Drought May Last Into March, Grain
Center Says (Bloomberg, Feb 9)
China's worst drought in five decades may
persist into March, with the dominant weather
pattern across the nation's north not
expected to change in the near term, the
China National Grain and Oils Information
Center said.
About 153 million mu (10.2 million hectares)
of all crops are affected, the center said
today in an e-mailed report, an estimate
that's in line with a Feb. 6 figure from the
Office of Flood Control and Drought Relief
Headquarters. The information center is a
state-affiliated agency that provides crop
data.
Lower oil prices good, bad for cotton
(Southeast Farm Press, Feb 9)
Cotton producers have had to look hard to
find a silver lining in the dark clouds that
have hung over their industry in recent
months. And, even when they've found one,
it's likely to have sprung a leak.
Most growers are painfully aware the 2008
crop was an expensive one to produce due, in
part, to crude oil prices rising above $140 a
barrel and sending retail gasoline and diesel
prices soaring last spring. After farmers got
their crops in, energy prices plummeted.
"One of the few bright spots in recent months
has been the decline in energy prices," said
Gary Adams, vice-president for economics and
policy analysis at the National Cotton
Council, noting crude oil prices have fallen
back in the range of $1.30 per gallon, and
diesel prices have declined to levels more in
line with those of 2006 and 2007.
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Industrial Resources | Manufacturing |
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Chinese
and Indian manufacturing PMI in January
continued to signal a weakening business
environment (FinFacts Ireland, February
2)
Operating conditions in the Chinese
manufacturing sector continued to deteriorate
in January while Indian PMI (Purchasing
Managers' Index) continued to signal a
weakening business environment.
China
Manufacturing Contracts at Slower Pace
(The Wall Street Journal, February 5)
A business survey showed that manufacturing
activity in China contracted again in
January, though at a slower pace than the
month before, providing some early signs of
recovery for the Chinese economy.
BASF
engg plastics to help save costs for India
mfg sector (MoneyControl, February 5)
At India's leading plastics trade show,
BASF, the world's leading chemical
company, will demonstrate how innovations in
engineering plastics can create significant
cost efficiencies in key Indian
manufacturing sectors such as automotive,
electrical and electronics, and the food
industry.
Hong
Kong stocks rise on China manufacturing
data (International Herald Tribune,
February 4)
Hong Kong's key stock index rose more
than 2 percent Wednesday on
better-than-expected news about China's
manufacturing industry. The blue-chip
Hang Seng Index added 287, or 2.3 percent,
to 13,063.89.
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Environment | Climate Change |
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First
Trip for Clinton Aims at China, Climate
(The New York Times, February 4)
Secretary of State Hillary Rodham Clinton
has settled on China as an important stop on
her first trip abroad in her new job and
aides told me that climate and energy will be
high on the agenda. (Japan will be the first
stop on the Asian trip, which is planned for
later this month.)
UN
chief in India climate warning (BBC News,
February 5)
UN chief Ban Ki-moon has warned a climate
change conference in India that failure to
tackle the issue will lead to global economic
upheaval.
UN
supports India's climate policy stand
(Press Trust of India, February 5)
The United Nations has come out in support
of India's stand of not putting a
specific limit on its greenhouse gas
emissions asserting that such a cap was not
"realistic" and may hamper its
economic growth.
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Corporate Responsibility |
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Convergys
Aids Rural Women in India with Mobile
Computer Lab (TMCnet, February 3)
Convergys Corporation, a company providing
customer care, human resources and billing
services, has announced it has funded a
vocational computer training program for the
women of Mavadi and Naigon villages of
Maharashtra, as part of its ongoing Corporate
Social Responsibility program in India.
China
Protest Against India's Ban On Toy
Imports (China CSR, February 4)
China has made an angry response to
India's six-month ban on Chinese-made
toys. According to a representative from
China's Ministry of Commerce, the
Chinese government will launch a "solemn
and just" protest against India and may
also file a lawsuit against the India at the
Dispute Settlement Body of the World Trade
Organization.
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Innovation |
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Eight
chosen for Nasscom innovation award (The
Hindu, February 4)
National Association of Software and
Services Companies (Nasscom) has selected
eight companies as the winners of the Nasscom
Innovation Awards 2008. They were selected
from the 24 companies short-listed for the
award. The winners will be felicitated at the
forthcoming Nasscom India Leadership Forum
2009, scheduled in Mumbai from February 11 to
13.
China
moves up in international patent application
rating (Xinhua, February 4)
China moved from the seventh largest in
2007 to sixth in 2008 in terms of the number
of international patent applications, said
an intellectual property official here
Wednesday.
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Health | Medicine |
|
India
to get two more premier referral medical
institutes (Sindh Today, February 5)
Aiming to ramp up the country's healthcare
facilities, the Indian government Thursday
sanctioned Rs.16.46 billion ($340 million)
for setting up two more premier referral
institutes on the lines of the prestigious
All India Institute of Medical Sciences
(AIIMS) here.
The
green medicine (Bangkok Post, February 5)
Acupuncture is probably the most well-known
and popular form of traditional Chinese
medicine. But those suffering from bone,
tendon, or muscle problems, structural
misalignment may also be interested in the
Chinese hands-on-body treatment known as tui
na, which is effective to help patients
recover from illnesses faster, especially
when used in combination with the modern
treatment.
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Logistics |
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India
Shortlists Five Foreign Cos For Locomotive
JVs (CNN Money, February 5)
India's federal cabinet Thursday
shortlisted locomotive makers Alstom S.A. ,
Bombardier Inc. (BBD.B.T), Siemens A.G.,
General Electric Co. and Electro-Motive
Diesel Inc. as potential partners to build
two locomotive factories in the eastern state
of Bihar.
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Education | Training |
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Kolkata
and Scotland to work together in education
sector (The Economic Times, Feb 6)
According to 2007 figures, India is
Scotland's biggest international market for
college students with more than 1,400 Indians
studying in Scottish colleges and another
3,000 in Scottish universities. The minister
said the curriculum at Scottish colleges was
wide ranging, from engineering and
construction to fashion and creative
industries and even greens-keeping expertise.
Indian
wins top int'l MBA award (Business
Standard, Feb 9)
Indian social entrepreneur Gajender Sharma
has won one of the world's top awards for
business school graduates. The MBA Student of
the Year is staged by the international
business education body, the Association of
MBAs (AMBA) and is open to entrants from over
150 business schools in 69 countries. Sharma,
who is now working at Tokyo-based management
consultancy, AT Kearney, took his MBA at HEC
in France, Europe's top ranked business
school, after a degree in mechanical
engineering in Delhi. Sharma is also setting
up a charitable organisation called Positive
Drive, which is aimed at giving children in
developing countries access to education by
helping their parents find jobs.
"Education can totally change your life and
access to it shouldn't depend on the economic
situation of the family," Sharma said.
China
education ministry: Don't judge teachers by
student's scores (China View, Feb 5)
Experts said the country's exam-oriented
education system tends to neglect the
cultivation of a well-rounded personality
while teacher performance is evaluated
strictly by exam grades.
Instead of focusing on talented students,
schools should guide teachers to pay equal
attention to every pupil, especially those
with learning or emotional disabilities.
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Newsletter staff |
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Inter
national
Contributors Editorial Board
RJ Paulsick - Co-Editor
Roxanne Russell - Co-Editor
Geoff Hiscock - Australia
Harsha Harjani - Hong Kong
Dr. Nilay Yajnik - India
Farhad Mirzaei - Iran
Ajay Sharma - Netherlands
Melissa Steinmetz - UK
Dr. Daney Jackson - USA
Dr. John R. McIntyre - USA
Dr. Sudhanva Char - Academic Resources
Shree Pandya - Engaging Youth
Laurel Askue - Environment & Conservation
Christopher Chan - Intellectual Property
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The ICA
Institute
is a non-profit research institute working to
foster research and dissemination of
knowledge on the rise of China and India and
their impact on global markets, global
resources and geopolitics of the world. The
ICA Institute's mission is to generate new
perspectives on the role of market and
resource driven economic development. ICA
Institute fosters interaction and dialogue
between academic scholars, industry leaders
and policy makers on the impact of emerging
economies in general and China and India in
particular. Specifically, The ICA Institute is
positioned to be a catalyst between faculty
and students in International Business and
industry leaders and managers.
Learn more about the ICA institute
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