Asian-American Heritage Foundation (AAHF) Gala Dinner 2009 and Fundraiser for the Asian American Community Center

Saturday, May 16th, 2009

HYATT REGENCY ATLANTA
265 Peachtree Street, NE
Atlanta, GA 30303
404. 577.1234

Individual Tickets: $75
Community Organization Table: $650
Corporate Table: $1000
Corporate Table Premier: $1500

Chris Horace: Co-Chair, Gala Committee
Valerie S. Nesbitt: Co-Chair, Gala Committee

For sponsorship information and details, please contact:
Ani Agnihotri: President
404-394-6678 - Ani.Agnihotri@gmail.com

Soon Hee Paik: Chairperson of the Board
678-358-3543 or shpaik@esconsultants.com

Mark Liu - Vice-Chair of the Board
770-989-3316 or mliu2000@gmail.com

www.asianheritage.org

Globalization of Chinese Enterprises
Edited by Ilan Alon and John R. McIntyre

Globalization of Chinese Enterprises is a unique contribution to a growing literature. It analyzes, through a series of unique contributions by Chinese and Western experts, the rapid evolution of Chinese enterprises in global markets, outside of the Asian-Pacific area and provides a roadmap to understand its evolution of Dragon multinationals and their impacts. The next frontier in the economic battlefield is the globalization of Chinese enterprises. Lenovo's purchase of the IBM PC division is among the most well known example. Little, however, is known about why and how Chinese firms internationalize. On the one hand, they are governed by the market forces of demand and supply, but on the other hand they can be aided and injured by the political agenda of the Chinese government. Most studies of internationalization have been grounded in the paradigms of developed countries. However, it is increasingly apparent that the resulting theories may have to be adjusted when applied to China-- which is one of a kind even among today's transition economies in terms of the emerging social market economy, uniquely controlled by market forces, government directives, and institutional constraints. The globalization of the Chinese enterprises and the economy is a subject not well researched and at the forefront of today's debates over Chinese economic growth. Filling this gap in the literature, this book represents a selection of original contributions by both Chinese and Western scholars.

Learn more

Read Book Review from French Center for Research on Contemporary China

Innovation in India and China
How to Create Value from Emerging Markets
Cambridge University - May 18-20, 2009

The Centre for India & Global Business is proud to partner with the Marketing Science Institute (MSI) and Blood Orange Media to host a seminar that explores the rise of India and China as both fast-growing global markets and world-class sources of innovation. Even as the world sinks into a global recession, the Indian and Chinese economies are expected to continue to grow, on the strength of their vast domestic markets. But many Western companies struggle to devise the right business model(s) and marketing strategies that can help them penetrate and succeed in both giant Asian markets. This conference will explore the best practices for innovating and winning in the Indian and Chinese markets, as well as discuss how the globalization of Indian and Chinese firms are reshaping entire industries - from manufacturing to retail to film and art.

http://www.india.jbs.cam.ac.uk/news/eve nts/2009/090518_innovation.html

Winner of Emerald/IACMR Chinese Management Research Fund Award

Supporting the dissemination of knowledge for the social good in China

UNITED KINGDOM, April 2009 - Emerald Group Publishing Limited, is pleased to announce the results of the 2008 Emerald/IACMR Chinese Management Research Fund Award. Applications were to address the dissemination of knowledge for the social good with a specific focus towards the benefit of China.

The winning paper is entitled "Crisis Leadership - Lessons from the 2008 Sichuan Earthquake" and was written by Dr. Min Wu, Department of Public Administration, Sichuan University, China; Dr. Wei Zheng, Department of Counseling, Adult and Higher Education, Northern Illinois University, USA and Dr. Xu Huang, The Hong Kong Polytechnic University, Hong Kong, China.

The Winner will receive a prize fund of £3,000 (approximately US $4,000 equivalent) to go towards their research project. Both Emerald and the IACMR are exceedingly proud to support and reward such high-quality research.

Dr. Min Wu said "It is a great honor for me and my collaborators, Dr. Wei Zheng and Dr. Xu Huang, to receive the 2008 Emerald/IACMR Chinese Management Research Fund Award. Our project addresses the needs for public leadership during times of crisis, drawing lessons from the Sichuan earthquake in 2008 in particular. This award will enable us to carry out the full-scale design of the project in a timely manner. With the encouragement and support of the award, we expect that our research findings will benefit public leaders in dealing with crisis."

A great number of high-quality submissions were received, making the decision of the judging panel an extremely difficult one. In addition to the winner being chosen, one submission was deemed worthy of a Highly Commended Award.

This paper was entitled "When the city gate catches fire, the fishes in the moat suffer? Research on corporate social responsibility spillover effect" by Dr. Xianzheng Fei, Department of Marketing, School of Business Administration, Zhongnan University of Economics and Law, China and Dr. Shuhua Zhou, Communication School, University of Alabama (Tuscaloosa), Alabama, USA.

For further details contact Kieran Booluck, Author Relations Administrative Assistant at: kbooluck@emeraldinsight.com

IMF says policy rates in India still high (The Economic Times, Apr 22)
The International Monetary Fund on Wednesday said that policy rates of the Reserve Bank are high, even as the central bank had cut the short-term lending and borrowing rates by 25 basis points each yesterday. "Policy rates remain high in real terms in India and further rate cuts would help bolster credit growth," IMF said in its latest World Economic Outlook.

Hope and Caution on Chinese Economy (New York Times, Apr 22)
Two senior Chinese officials on Wednesday offered differing interpretations on the state of China's economy, one expressing optimism that the country was on the road to recovery, the other warning that it could be bumpy and slow. The comments by a top official of China's central bank and the chief economist of a leading research organization illustrated how hard it is for economists anywhere to reach a consensus on whether China and other leading economies have now put the worst behind them.

India and China: Neighbours, Global Economic Powerhouses, and Now Friends As Well (China Business Success Stories, Apr 14)
Prior to the conclusion of the twentieth century, Asia's two largest neighbouring countries, India and China, were, with all due respect, not close in any economic, social or political ways. Relations have been improving since the early twenty-first century following four decades of hostility over a border dispute that resulted in a short conflict in 1962. Thankfully, with the change of the times, there have been a number of key events to celebrate the re-emergence of Sino-Indian relations. In recent years, the Elephant (India) and the Dragon (China) have established friendship years (2006 and 2007 respectively), joint military exercises, and exchange visits by political figures as well as captains of industry.

India Lures LNG Cargoes as Asia, Europe Cut Imports (Bloomberg, Apr 22)
India may rank among the largest markets for spot cargoes of liquefied natural gas this year as Japan, South Korea and Spain slash purchases. India faces a shortage of 80 million cubic meters of gas a day, or more than half of domestic demand, even as economic growth slows, said Upendra Datta Choubey, chairman of gas distribution monopoly GAIL India Ltd. "This recession has no effect on demand of natural gas in India," Choubey said by telephone from New Delhi. "Currently, we're meeting hardly 60 percent of gas demand in India."

Suzlon Energy to start operations in Canada in 2010 (The Economic Times, Apr 19)
Tulsi Tanti, founder of Pune-based Suzlon Energy which the world's fifth's largest supplier of wind turbines, says his company was planning to start business operations in the Canadian market in 2010. Tanti, who was conferred with a prestigious award here for his pioneering work globally to promote non-conventional sources of energy, said the Ontario government's proposed Green Energy Act is a "very strong" initiative that helps set the province apart from other jurisdictions in North America. "Based on our analysis, 2010 is the right time for us to start business operations in the Canadian market," he said.

China Mobile readies an app store too (unwiredview.com, Apr 22)
China Mobile, the world's largest mobile operator (with more than 470 million customers), intends to launch a mobile software store that will allow users to browse and download apps via their phones. The news comes after several major telecoms companies, including Orange, RIM and Microsoft, have also announced their own app stores. China Mobile's store is called Mobile Market and it should be ready by the year's end, when the carrier's 3G TD-SCDMA network will be expanded across China.

India adds record 15.6 million mobile users in March (Reuters UK, Apr 22)
ndian mobile operators added a record 15.64 million customers in March, helped by the expansion of networks to smaller towns and rural areas, data from the telecoms regulator showed. The mobile subscriber base in the world's fastest-growing wireless market rose by 50 percent, or more than 130 million, to 391.8 million in the 12 months ended March, the Telecom Regulatory Authority of India said.

Apple Needs China More Than It Does Verizon (eWeek, Apr 20)
Whether measured by just smartphones, the iPhone's category or all handsets, China is Apple's must-reach market. Apple has talked to carriers in China, but struck no deals-at least none publicly revealed. But there are deals, and there are deals. "China is an important market for Apple, but pricing is crucial as operators don't subsidize mobile phone in this market," Anshul Gupta, Gartner's principal analyst for Mobile Devices, told eWEEK. Gupta cautioned Apple not to take practices from India to China. "In India, iPhone was launched at $650, and it was locked to operator for life," he said. "An iPhone bought from Airtel will not work on Vodafone and vice versa. At first, the price was high and, secondly, the phone was locked in a market where consumers are not used to such conditions and change operators frequently." Going into China, Apple would be a niche player, which would be a decided disadvantage if iPhone prices are too high and uncustomarily locked to carriers. "Very high prices need a justified return in this competitive market where there are multiple finger touch devices at multiple price points," Gupta said.

In China, Property Sales Show Signs of Picking Up (Wall Street Journal, Apr 13, 2009)
China's real-estate market continued to show signs of improvement in March, official data show, with price declines easing and government support measures helping property sales pick up.Analysts said the data contained signs of an early recovery in the property sector, key to revival of the world's third-largest economy. Beijing's 4 trillion yuan ($585 billion) stimulus plan relies mostly on government-led infrastructure investment, but it also is meant to mobilize private-sector investment in sectors such as real estate. "The government measures to improve affordability have had a very big impact," said Michael Klibaner, head of China research at Jones Lang LaSalle, a real-estate- services company. "Between lower interest rates, lower transaction costs and lower down-payment requirements, affordability has improved enough that the number of people that can participate in the market has increased a lot. To us, that means that this recovery can last more than a month or two and will be more sustainable."

Credai will request govt to remove service tax on rentals (Indian Express, Apr. 15, 2009)
Confederation of Real Estate Developers' Associations of India (CREDAI) clarified its outlook and vision for the Indian real estate sector, at a press briefing held recently. The veterans of the real estate sector discussed various issues, like 'affordable housing', 'public-private partnership and infrastructure development', 'finance and banking', 'state reforms', 'taxation issues', 'need to educate home buyers', having impact on real estate development in India. Credai will recommend the government to remove service tax on rentals of commercial properties, which ultimately add to the burden on consumers. It also proposes to initiate public-private partnership in low-income housing wherein land bank available with the government may be provided to the developers. Credai intends to form a legal committee, which shall oversee all legal issues pertaining to the real estate sector. The body would pursue the introduction of Value Added Stamp Duty (VAS) for the housing industry, wherein, any stamp duty paid towards the purchase of land will be adjusted from the stamp duty paid at the time of sale of the property.

Small Steel Firms Face Closure (India) (Wall Street Journal, Apr 20)
India's many small steel mills face closures that may reduce the country's total output below last financial year's level, as companies cope with the economic downturn which is forcing ArcelorMittal and other top global producers to slow expansion. As much as 6 million metric tons of capacity may be shaved off in the year beginning April 1, bringing down the total output from such mills to 14 million-16 million tons, industry officials and analysts said.

US says CO2 is a danger to human health (Financial Times, Apr 19)
The US president wants progress before United Nations climate change talks in Copenhagen in December to signal US commitment and encourage other countries, particularly China and India, to make concessions. The move will spark a furious lobbying effort during a 60-day consultation period from industries that stand to lose out. Bill Kovacs, vice-president of the US Chamber of Commerce, said business would react very badly to any attempt to "let the EPA run the economy". He said using the threat of EPA action to coerce Congress was "the worst possible way to make policy". The EPA has been considering its approach since a Supreme Court ruling in 2007 found it was entitled to regulate CO2 emissions under the Clean Air Act.

China Influence Grows With Car Sales (New York Times, Apr 20)
After a century in which American tastes largely set the course of the global automotive market, China is poised to increasingly take on the role of global trendsetter. Automakers say just as car buyers around the world saw more sport utility vehicles and cup holders because that was what Americans wanted, they will probably see more features that the Chinese favor, from greater fuel efficiency to more comfortable back seats.

Foreign car execs see mixed threat from China brands (Reuters UK, Apr 21)
Local brands took more than a quarter of China's passenger car market last month but foreign executives were mixed in their assessment of the competitive threat, saying quality standards still fell far short of globally acceptable levels. Homegrown upstarts such as Chery Automobile, Geely Automobile and Great Wall Motor are showcasing new, high-end brands at this week's Shanghai auto show as they aim to grab a slice of the profitable, foreign-dominated segment.

Air China OKed to Create Hubei Branch, Eyeing East Star (TradingMarkets.com, Apr 22)
Air China Limited, the largest international airway company in China, gets go-ahead to establish branch in Hubei Province and starts to operate business in Wuhan, capital of Hubei in 2009, said Kong Dong, the chairman. China Aviation Holding Company, the parent company of Air China, failed to acquire East Star Airlines, a local airway company based in Hubei, earlier this year. But Air China did not give up its extension to Hubei, a pillar market in central China, Kong added.

Daimler, Porsche CEOs Head to Shanghai as China Sales Near U.S. (Bloomberg.com, Apr 17)
Daimler AG will skip this year's Tokyo Motor Show, Nissan Motor Co. passed on Frankfurt, Europe's largest car extravaganza and Porsche SE will bypass Detroit. All will be in Shanghai. A record number of automakers will attend the Shanghai Motor Show, which starts on Monday, as China threatens to usurp the U.S. as the world's biggest auto market. General Motor Corp.'s China sales surged to a record last month, at the same time its U.S. sales plunged 45 percent. More than 1,500 companies will attend the show, the most since it started in 1985, said Wang Xia, an official with the organizer. More than 600,000 people are expected to attend the nine-day event at the Shanghai New International EXPO Centre, he said.

Porsche debuts in the luxury sedan market with Panamera (The Times of India, Apr 21)
Porsche lifted the wraps off the Panamera, the first luxury sedan from the German sports car major, at the Shanghai Motor Show, hoping to beat the gloom in the global auto market with the new four-door sports car. Sales of the Panamera would start by September this year and India will be among the first markets that it drives into. Porsche has already indicated plans to expand presence in India and increase dealerships to 11 beyond the current Mumbai and Delhi outlets. It sold 168 units in 2008 in India, the majority with Cayenne SUV, and hopes to increase the numbers to 200 units this year.

International Contributors Editorial Board
Prashant Das - Co-Editor
Roxanne Russell - Co-Editor
Geoff Hiscock - Australia
Priya Roy- China (Shanghai)
Harsha Harjani - Hong Kong
Dr. Nilay Yajnik - India
Farhad Mirzaei - Iran
Asha Hemrajani- Singapore
Melissa Steinmetz - UK
Dr. Daney Jackson - USA
Dr. Sudhanva Char - Academic Resources
Shree Pandya - Engaging Youth
Laurel Askue - Environment & Conservation
Christopher Chan - Intellectual Property