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About Us
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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.
www.icainstitute.org
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Greetings!
Here is the latest issue of the ICA Institute Newsletter. Please participate in the opinion poll and share your views about the common currency of China and India. |
Headlines
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Ethiopia: Africans Benefit More From China, India - Research
(AllAfrica.com | Aug 24)
Most African countries are benefiting more from the relationships with China and India than with Western donors and multilateral financial institutions.
China Beats India
(Bullion Vault | Aug 25)
Even as the world's biggest consumer of gold - India - is shying away from Buying Gold jewelry, China has emerged as world No.1 in the yellow metal market... According to a recent report, demand for gold jewellery in China grew in the second quarter, driven mainly by the country's better-than-expected economic growth.
 First India-China terrestrial cable link
(Live Now | Aug 28)
Reliance Globalcom, the global arm of India's largest integrated telecom service provider Reliance Communications, has announced the completion and commenced operation of its brand new direct terrestrial cable link between India and China.
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Politics | Economy
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India can open consulate in Lhasa: Chinese official
(The Times of India | Aug 25)
More than 40 years after bad blood between India and China
closed down the Indian consulate in Tibetan capital Lhasa, a Chinese foreign
ministry official says New Delhi can re-open it any time it wants.
Selling the Good Life
(Hong Kong Trader | Aug 26)
Hasmukh Shah, Chairman of India's Premier's Tea Ltd, and Lalith Hettiarachichi, Chairman of the Sri Lanka Tea Board, each see business opportunities brewing in the world's biggest tea-producing country - China.
India says export growth will continue to slow
(Business Week | Aug 27)
India cut its export growth projections Thursday and announced tax and other incentives to help companies battle slumping demand in the nation's most important overseas markets, the United States and Europe.
India to probe security of China-made telecoms: Minister
(The Economic Times | Aug 28)
A report this week in the Hindustan Times newspaper said India's intelligence agencies had warned that Chinese products could have embedded elements enabling China to launch a cyber attack or shut down the equipment.
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Money & Capital Markets
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RBS Said Likely to Sell Asia Businesses to Standard Chartered
(Bloomberg | Aug 24)
Royal Bank of Scotland Group Plc, the biggest bank owned by the U.K. government, may sell its units in India and China to Standard Chartered Plc as soon as next month...
CCB Points to Sharp Cut in Its Lending
(Reuters | Aug 25)
China Construction Bank Corp. indicated it is sharply curtailing lending, saying it expects to make 900 billion yuan ($131.74 billion) of new loans in all of this year. The country's second-biggest bank by assets also said it won't be hurt if China's regulators raise the minimum capital ratio for banks, as they are considering, in a bid to crack down on the aggressive lending growth seen in the first half of the year.
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Environment | Climate Change
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Green Building Buds in India
(HKTDC International Market News | Aug 7)
Indian real estate and architectural firms have begun working on green buildings, in a tiny but rapidly growing segment of the industry that's seen an average 45% growth per annum over the past five years.
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InfoComm | Technology
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Nokia plans to launch mobile 'banking'
(The Economic Times | Aug 26)
Nokia, the world's leading mobile phone maker, will launch a service enabling people to make financial transactions with their cell
phones, the Finnish telecoms giant said on Wednesday.
The "Nokia Money" service will make it possible "to send money to another person just by using the person's mobile phone number...
China Unicom in deal for Apple's iPhone
(Reuters Businmess News | Aug 28)
Apple's iPhones will go on sale later this year in China, the world's largest mobile market, its partner China Unicom confirmed on Friday, after the country's No. 2 mobile carrier posted first-half profits that fell 45 percent yet beat expectations. Unicom's announcement of the deal ended months of rumors about a tie-up with Apple, which has been trying to bring the iPhone to some of China's nearly 700 million mobile subscribers.
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Logistics | Transportation
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 Harley-Davidson plots India sales drive
(Financial Times | Aug 28)
Harley-Davidson said yesterday it planned to start selling its motorcycles in India next year, in a clear move to exploit the subcontinent's fast-growing market and mitigate losses suffered in the US. India is the second-largest market for motorbikes and is dominated by small and inexpensive models - which cost on average less than Rs 60,000 ($1,227) - and are used as an alternative to cars.
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Infrastructure | Real Estate
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 China Vanke's $1.6 bln share offer rattles market
(Reuters | Aug 29)
China Vanke Co Ltd, the country's No. 2 property developer, plans to raise up to $1.6 billion by selling new shares to fund expansion in a property revival, dealing a blow to the vulnerable stock market.
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Education | Work Force
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 Applications from India to U.S. Graduate Schools Plummet
(Indiawest.com | Aug 27)
Applications from students in India to U.S. graduate schools for the 2008-09 academic year plummeted sharply by 12 percent from the previous academic year...Overall, international student applications were up slightly 4 percent, driven largely by China's 14 percent increase and the Middle East and Turkey's jump of 22 percent.
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Opinions
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The Dollar's Fate
(New York Times | Aug 28)
"...If...the rising economies of Brazil, Russia, India and China decide to have their own get-together, it is scarcely surprising that they would discuss the international trading and financial system, and how to become less dependent on America's capacity (through sub-prime mortgages, lousy banks, currency dominance) to wreak damage upon it...."
 Interview: What Sells in India, Goes Down Well in Africa
(Forbes India | Aug 24)
Vijay Mahajan, the John P. Harbin Centennial Chair in Business, McCombs School of Business at The University of Texas at Austin, believes that Africa has too many negative stories that cloud its true potential...
 Emerging Economies: The Good, The Bad and The Ugly
(Seeking Alpha | Aug 25)
This "youth bulge" is interpreted by most analysts as a good thing, because it means that there are more strapping young workers and fewer non-working elderly for the rest of the population to support...the youth bulge is a double-edged sword.
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Sincerely,
ICA Institute
Please send your comments/suggestions to [email protected]
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