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Call for Papers: Journal of Emerging Knowledge on Emerging Markets (ICA Institute, Aug 15)
Announcing the India, China & America Institute's new Working Papers Journal, Journal of Emerging Knowledge on Emerging Markets. This journal will provide a forum for the exchange of ideas and shared learning experiences among policy makers, scholars and practitioners on the global economic impact of India, China and America. You are invited to submit your scholarly works in progress related to the rise of emerging economies, in particular China and India, and their impact on global markets, global resources and geopolitics of the world. Please visit the Journal of Emerging Knowledge on Emerging Markets for more information about submissions (Click on the link above).
Deadline for submissions for the inaugural issue: Aug 15, 2009

India's Rising Tide: The rural poor fare better than in China (Wall Steet Journal, Jul 4)
Contrary to popular hype, India is actually outpacing China where it counts most -- the economic growth of the rural poor.

Some Economies Show Signs of Less Reliance on U.S. (The New York Times, Jun 30)
...Data have revealed a growing divergence between Western economies and those in much of Asia, notably China and India. The World Bank last week forecast that the economies of the countries that use the euro and the United States would contract 4.5 percent and 3 percent, respectively, this year - compared with 7.2 percent and 5.1 percent growth forecast for China and India.

Thousands Left Homeless in Aftershock (Beijing Review, Jul 1)
An earthquake with a magnitude of 5.6 Tuesday damaged thousands of houses in Sichuan province, where an 8.0 magnitude quake in May 2008 left nearly 90,000 people dead or missing and 5 million homeless. The quake, which experts say was an aftershock of last year's catastrophe, occurred at 2:03 am in Mianzhu and destroyed 8,600 houses, 60 bridges and about 30 km of fiber-optic cables, according to the Xinhua News Agency.

India News Digest: China Warns of Tit for Tat Over Dairy Ban (The Times of India, Jul 1)
China has retaliated against India's ban on its dairy products, putting the two neighbours with a legacy of estrangement on the brink of a trade war. China is annoyed with India's decision to extend the ban on its milk and milk products, which expired on June 24, by another six months until December 24. It has threatened to ban Indian products in retaliation.

Asian Stocks Extend Record Quarterly Gain on Higher Commodities (Bloomberg, Jul 1)
Asian stocks climbed, with the regional benchmark index capping a record quarterly gain, on optimism a recovery in the global economy will lift earnings for producers of commodities and electronics.

Taiwan Opens 100 Industries to Chinese Investment (Bloomberg, Jun 30)
Taiwan will allow investment from mainland China in 100 industries and projects, helping the island's economy to benefit from the warmest cross-strait relations in 60 years. Taiwan will open up 64 sectors in manufacturing, 25 in services and 11 public infrastructure projects...

China agency to launch English TV news (Financial Times, Jun 28)
Xinhua, China's official news agency, will launch an English-language tele­vision news programme this week on screens in supermarkets and outside Chinese embassies in Europe, in a cautious first step towards spreading Beijing's view of the world to western audiences.

After China, Brazil Eyes Non-Dollar Trade With India -Estado (Wall Street Journal, Jun 29)
Brazil is considering using its own currency when conducting trade with India, the local Estado de Sao Paulo newspaper said Monday. Central Bank President Henrique Meirelles met with Indian banking officials in Europe at the Bank for International Settlements meeting over the weekend to discuss the move away from the dollar in trade between the nations...

Carlyle Raises $1.04 Billion for New Asian Growth Fund (Wall Street Journal, Jun 30)
Carlyle Group on Tuesday said it raised $1.04 billion for a new fund targeting investments in fast-growing Asian companies, finding appetite among pension funds and financial institutions for exposure to China and India. The new fund is a bet on the resilience of Asia's underlying economic growth in the face of a global downturn. Focused primarily on China and India, Carlyle's team is looking to pick companies that have emerged from the financial crisis relatively unscathed and with potential for rapid growth.

Home » Business » Economy India , China bright spots as US economy revives (Zee News, Jun 30)
Asia will be the first beneficiary of a recovery in the US economy, which is likely to be in late 2010, with India and China being "bright spots" for multinational companies...

China shares rise on expectation of higher prices (Associated Press, Jun 28)
Investors were encouraged by a growing consensus that a recovery from China's slump is beginning, analysts said. That would fuel demand, pushing up real estate prices and allowing producers to raise prices and restore falling profit margins.

Lenovo wants to do a China in India (Indiatimes.com, Jul 1)
Personal computer (PC) manufacturer Lenovo, struggling at the fifth position among PC makers in India, is looking at emulating its China success in other emerging markets including India. According to technology research firm IDC, Lenovo's market share slipped from 6.6 percent of the Indian PC market in the last quarter of 2008 to 4.7 percent in the first quarter this year when the Indian PC market contracted 19 percent year-on-year.

Web filter rule delayed (China) (The Straits Times, Jun 30)
China will delay a controversial plan to require that all computers sold in the country must come with a Chinese-made Internet filtering software programme, state media reported on Tuesday. China sparked criticism worldwide last month after it emerged that computer makers would be required to include the Green Dam Youth Escort anti-pornography software in all new personal computers.

China, India petcoke imports surge (Reuters, Jul 1)
Prices of petroleum coke, a fuel made from high-sulphur crude oil used in power generation and cement making as an alternative to coal, have risen due to strong demand from China and India. India and China have both substantially increased their imports of petcoke from U.S. Gulf refineries during the past six months to build stockpiles but European cement makers are unable to do the same due to budgetary constraints.

China lifts fuel prices to record levels (Reuters, Jun 29)
China unexpectedly increased gasoline and diesel prices on Monday, raising them for the third time since late March to their highest level ever. At nearly 9 and 10 per cent respectively for gasoline and diesel, the increases are the biggest since a shock rise up to 18 per cent exactly a year ago -- a move that helped pull oil prices off record highs as traders feared that higher fuel costs could slow demand growth in the world's second-largest consumer.

China 'Gravely Concerned' About U.S. Investigation of Its Steel Products (Beijing Review, Jun 30)
China's Ministry of Commerce said in a statement Monday that the Chinese government is shocked and "gravely concerned" about the frequency and direction with which U.S. probe into Chinese steel products. According to the statement published on the ministry's web site, the United States Department of Commerce launched three dual investigations, namely anti-dumping and anti-subsidy investigations, in ten days into China-made wire trays, steel grating, and stranded steel wire on June 26, June 19 and June 17.

G8 to ask India, China to reduce greenhouse gas emis (The Hindu, Jun 28)
The G8 leaders meeting from July 8-10 in L'Aquila, Italy, will urge major emerging economies such as China and India to adopt actions to reduce greenhouse gas emissions "in an indicative range below business as usual," where countries employ few measures to cut emissions, by a specified year...

Real estate goes through roof in China (UPI, Jul 3)
Real estate prices in major cities in China have suddenly gone from bust to boom...In October 2008, the central bank gave banks permission to offer first-time homebuyers a 30 percent discount in mortgage rates. This spring, the government reduced the minimum capital fund requirement for developers from 30 percent to 20 percent of the investment.

Snapple Deal To Outsource May Add Jobs In America (The New York Times, Jun 30)
The Dr Pepper Snapple Group said on Tuesday that it had signed a five-year contract with HCL Technologies, a major information technology and outsourcing company in Noida, India. HCL will manage Snapple's computer networks - but may be hiring in the United States to do it.

Premier Wen Stresses Technological Innovations in Coping With Financial Crisis (Beijing Review, Jun 30)
Chinese Premier Wen Jiabao has encouraged domestic enterprises to make breakthroughs in science and technology development to weather the global financial crisis. Wen said the government would continue the current proactive fiscal policy and moderately ease monetary policy and take it a top task to keep a steady economic growth

JLR sales down in traditional markets, but up in Russia, China (Business Line, Jun 28)
While the sales increase in Russia and China is bound to bring some cheer to Tata Motors, the total base in these two countries is much smaller than the US, the UK and European markets put together. With sales of 24,600 units in June 2008-March 2009 period, Russia and China together accounted for nearly 17 per cent of Jaguar Land Rover sales, against sales of 22,600 units or 13 per cent of total sales in the previous corresponding period.

International Contributors Editorial Board
Prashant Das - Co-Editor
Roxanne Russell
Geoff Hiscock - Australia
Dr. Yu Xiao- USA
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